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Started By
Message
How many Reddit posters are telling you to buy while they sell??
Posted on 1/28/21 at 11:41 am
Posted on 1/28/21 at 11:41 am
The price of GME is not sustainable. When the shorts cover there is no market for these shares above $20. Posters know this.
10
Posted on 1/28/21 at 11:42 am to JDGTiger
Posted on 1/28/21 at 11:43 am to JDGTiger
You are clearly on the wrong side. Stahp
Posted on 1/28/21 at 11:43 am to JDGTiger
Not many. They are doubling down and pissed off kids.
Posted on 1/28/21 at 11:44 am to JDGTiger
quote:
When the shorts cover
Isn't this not even close to happening?
Posted on 1/28/21 at 11:45 am to JDGTiger
Is your name Scott Wapner by any chance?
Posted on 1/28/21 at 11:45 am to ThereGoesHerschel
quote:
Isn't this not even close to happening?
OP doesn’t know what he’s talking about. He can’t comprehend what started it and what’s going on
Posted on 1/28/21 at 11:45 am to ThereGoesHerschel
It could happen very quickly however.
Posted on 1/28/21 at 11:45 am to JDGTiger
Not many at all. The frickery has only increased their determination to hold.
Posted on 1/28/21 at 11:46 am to JDGTiger
I think this is where funds (hopefully) went wrong.
Your OP is right, greed and looking out for the individual would’ve won out under normal circumstances and Reddit would’ve taken their profits. Sure some martyrs would’ve stayed in for “the cause” but most people wouldn’t.
But funds got scared and are trying to change the rules of the game. Now people are digging their heels in. People who would’ve taken profits are going to say frick it, this is about more than money. I think they’ve mobilized and United retail, when it would’ve probably died down on its own
Your OP is right, greed and looking out for the individual would’ve won out under normal circumstances and Reddit would’ve taken their profits. Sure some martyrs would’ve stayed in for “the cause” but most people wouldn’t.
But funds got scared and are trying to change the rules of the game. Now people are digging their heels in. People who would’ve taken profits are going to say frick it, this is about more than money. I think they’ve mobilized and United retail, when it would’ve probably died down on its own
This post was edited on 1/28/21 at 11:47 am
Posted on 1/28/21 at 11:46 am to JDGTiger
quote:
It could happen very quickly however.
No it can’t.
Posted on 1/28/21 at 11:46 am to JDGTiger
Friend,
A worthwhile point to consider. Some of the posters even here sounded an awful lot like Ponzi scheme ring leaders, telling us to ignore common sense and push stocks skyward. Sure, not everyone who pushed these stocks did that. I believe many truly believed they were part of an important revolution to end the autocratic hegemony that is purported to exist over Wall Street. In the end, business is business and emotions have been far too involved.
Yours,
TulaneLSU
A worthwhile point to consider. Some of the posters even here sounded an awful lot like Ponzi scheme ring leaders, telling us to ignore common sense and push stocks skyward. Sure, not everyone who pushed these stocks did that. I believe many truly believed they were part of an important revolution to end the autocratic hegemony that is purported to exist over Wall Street. In the end, business is business and emotions have been far too involved.
Yours,
TulaneLSU
Posted on 1/28/21 at 11:48 am to ThereGoesHerschel
quote:Didn’t couple of hedge funds close out most of their positions? I’d be interested in some analysis on this question by people that understand it more than on the basic meme stock level.
Isn't this not even close to happening?
Posted on 1/28/21 at 11:49 am to Tigerfan56
My question is:
Other than exposing and fricking over hedge funds, which I have no sympathy for hedge funds that bet on companies to lose themselves losing, but if people are being told to buy and hold, what's the long game? The artificially inflated value of Gamestop is going to come down at some point and there will be a lot of regular joe's that get royally fricked in the process before they have a chance to sell and profit.
Maybe I'm off base here, but I feel like this is really just a house of cards that will crumble at any time once a sell off starts.
Other than exposing and fricking over hedge funds, which I have no sympathy for hedge funds that bet on companies to lose themselves losing, but if people are being told to buy and hold, what's the long game? The artificially inflated value of Gamestop is going to come down at some point and there will be a lot of regular joe's that get royally fricked in the process before they have a chance to sell and profit.
Maybe I'm off base here, but I feel like this is really just a house of cards that will crumble at any time once a sell off starts.
Posted on 1/28/21 at 11:50 am to tenderfoot tigah
quote:
Not many. They are doubling down
Posted on 1/28/21 at 11:51 am to 13SaintTiger
quote:
It could happen very quickly however.
No it can’t.
Of course it could. What if one of the large sellers simply went out of business. Suddenly that fund would not be a buyer trying to cover his short.
Look I think it is great that it is happening but if you put $1 in GME it should be a dollar you care little about and you are ready to lose it. It might turn to $5 but it may very well disappear.
There is nothing about the financials of this company that makes it a buy.
This is all a SHORT TERM anomaly.
Don't forget there are large longs out there too that could very well take profits allowing the shorts to cover.
This post was edited on 1/28/21 at 11:53 am
Posted on 1/28/21 at 11:51 am to Huge Richard
120% is still showing short. Naked shorts.
Posted on 1/28/21 at 11:54 am to broadhead
Which means somebody is holding "stock" that does not exist.
If you are RH do you want that liability? The exchanges should have never let that much naked stock on the market but they did and now those funds are going to take a much deserved bath.
If you are RH do you want that liability? The exchanges should have never let that much naked stock on the market but they did and now those funds are going to take a much deserved bath.
Posted on 1/28/21 at 11:55 am to JDGTiger
the guys posting the hold memes prob never even owned any
Posted on 1/28/21 at 11:55 am to broadhead
quote:what portion of that is after the recent run?
120% is still showing short
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