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Started By
Message
Place your bets, where does GME top out at today?
Posted on 1/29/21 at 7:21 am
Posted on 1/29/21 at 7:21 am
I'm going to say $550 on a tiny panic run. But some are saying $5k!
15
Posted on 1/29/21 at 7:22 am to Kingpenm3
quote:
But some are saying $5k!
who is saying this?
Posted on 1/29/21 at 7:22 am to Kingpenm3
If it jumps to 5K, we all may be screwed.
Posted on 1/29/21 at 7:22 am to Kingpenm3
With RH back up? Lemme see $800.
Posted on 1/29/21 at 7:23 am to Ingeniero
RH is only allowing people to own/buy 5 shares. That’s still not enough buying power. The hope is most people moved to fidelity or similar.
Posted on 1/29/21 at 7:24 am to Kingpenm3
I'm pretty sure trading will be halted within 15 min of market open.
Posted on 1/29/21 at 7:25 am to ell_13
Wait really? If you have more than 5 will they let you add 5 on?
Posted on 1/29/21 at 7:26 am to Ingeniero
Nope
Posted on 1/29/21 at 7:26 am to Kingpenm3
It's going to be a historic day. I think these WSB guys have gained some real traction and even with platforms limiting sales, there are millions of these guys who are in tune with what is going on and they're piling it up in small quantities even.
What's even more interesting and somewhat confusing is that the media, who has belligerently been against what is going on, have been giving the WSB group publicity, which is adding more people into the queue to buy.
I could very well be wrong, but I think the $550 mark is realistic.
What's even more interesting and somewhat confusing is that the media, who has belligerently been against what is going on, have been giving the WSB group publicity, which is adding more people into the queue to buy.
I could very well be wrong, but I think the $550 mark is realistic.
Posted on 1/29/21 at 7:28 am to Kingpenm3
I got my limit order set for 1,000.
Posted on 1/29/21 at 7:29 am to Kingpenm3
Mathematician’s answer is “wherever the sells are set once the shite meets the fan.
If the infinite stock price from yesterday happens again, whatever the highest sell order is in the market will execute and likely becomes the new price or close to it unless they shut down the system again.
If the infinite stock price from yesterday happens again, whatever the highest sell order is in the market will execute and likely becomes the new price or close to it unless they shut down the system again.
This post was edited on 1/29/21 at 7:30 am
Posted on 1/29/21 at 7:30 am to Kingpenm3
RH has restricted ability to buy, so I don't see much a run today either.
Posted on 1/29/21 at 7:31 am to Kingpenm3
Im showing Robinhood still restricting the stock...
"This stock is not supported on RH"
Could be a problem.
"This stock is not supported on RH"
Could be a problem.
Posted on 1/29/21 at 7:32 am to jfw3535
Domestic trading apps are throttled. Not foreign ones. And foreign investors have been watching this play out.
Posted on 1/29/21 at 7:35 am to Kingpenm3
With all the restrictions in place, I just don't see how retail investors can start it on a run.
If I understand it correctly, if the price holds high (above $200) then the shorts will have to start buying up to cover, which would start a run.
I predict that they will ladder the price down like yesterday to get where they need it to be so they can cover with "modest" losses rather than catastrophic losses. And everything back to normal next week except a shitload of new regs against the common man.
If I understand it correctly, if the price holds high (above $200) then the shorts will have to start buying up to cover, which would start a run.
I predict that they will ladder the price down like yesterday to get where they need it to be so they can cover with "modest" losses rather than catastrophic losses. And everything back to normal next week except a shitload of new regs against the common man.
Posted on 1/29/21 at 7:38 am to slinger1317
As discussed yesterday, the amount of shorts that the shorters have ans the average daily volume of GameStop trading means that even when they start buying to cover their sells, they won’t be able to finish for quite a while.
A screenshotted post the other day covered this through the description of 1 million dildos up Melvin Capital’s arse divided by the number of dildos they could remove each day equals the number of days they are removing the dildos from their arse.
The estimate barring a massive sale immediately when they break is between several days and a week.
A screenshotted post the other day covered this through the description of 1 million dildos up Melvin Capital’s arse divided by the number of dildos they could remove each day equals the number of days they are removing the dildos from their arse.
The estimate barring a massive sale immediately when they break is between several days and a week.
Posted on 1/29/21 at 7:42 am to Kingpenm3
The moon, setting a course for Uranus.
Posted on 1/29/21 at 7:43 am to teke184
quote:
A screenshotted post the other day covered this through the description of 1 million dildos up Melvin Capital’s arse divided by the number of dildos they could remove each day equals the number of days they are removing the dildos from their arse.
Posted on 1/29/21 at 7:53 am to Kingpenm3
The moves are getting more violent as we go. I can easily see it hitting 600+ today, at least for a moment.
Posted on 1/29/21 at 8:02 am to Kingpenm3
before hours price right now is almost $400. is that right?
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