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Started By
Message
re: So I bought some Gamestop(GME)
Posted on 1/28/21 at 12:04 pm to JohnnyKilroy
Posted on 1/28/21 at 12:04 pm to JohnnyKilroy
quote:
As I have said for days this could all end if melvin and the like just capitulated and admitted they made a bad trade.
Melvin said they covered completely the other day.
3
Posted on 1/28/21 at 12:05 pm to greygoose
Damn I hadn’t checked this thread in 20 pages and stumble onto your post 
I didn’t make that call on my own. It was based on the research that I did, which was heavily influenced by the research done by DeepfrickingValue aka RoaringKitty and Rod Alzmann (gmedd.com)
I didn’t make that call on my own. It was based on the research that I did, which was heavily influenced by the research done by DeepfrickingValue aka RoaringKitty and Rod Alzmann (gmedd.com)
Posted on 1/28/21 at 12:05 pm to Lou Pai
Sure
Posted on 1/28/21 at 12:05 pm to Lou Pai
Yeah there was a report earlier in the week that Melvin had closed their short position completely.
Posted on 1/28/21 at 12:07 pm to jimbeam
I believe it. No way they weather those losses before throwing in the towel.
Posted on 1/28/21 at 12:09 pm to Upperdecker
quote:I don't care how you came up with it, the call was spot on. Any other ideas like this one?? You've got my full on attention now! No homo...
Damn I hadn’t checked this thread in 20 pages and stumble onto your post
I didn’t make that call on my own. It was based on the research that I did, which was heavily influenced by the research done by DeepfrickingValue aka RoaringKitty and Rod Alzmann (gmedd.com)
Posted on 1/28/21 at 12:11 pm to Lou Pai
quote:
Melvin said they covered completely the other day.
They lied.
Posted on 1/28/21 at 12:12 pm to Lou Pai
quote:
No way they weather those losses before throwing in the towel.
Yet, here we are with buying halted on multiple platforms for multiple securities. Yea okay
Posted on 1/28/21 at 12:14 pm to 13SaintTiger
Reddit down for anyone else?
Posted on 1/28/21 at 12:15 pm to SATNIGHTS
Yep. Down for me.
Posted on 1/28/21 at 12:15 pm to Ingeniero
Just viewed WSB
Posted on 1/28/21 at 12:18 pm to 13SaintTiger
They didn't "hold the line" on -1,700% or whatever it would have been for them, that's absurd
Posted on 1/28/21 at 12:18 pm to AUCE05
I guess I'm still not understanding how it can even go up from here with what is going on.
What am I missing?
What am I missing?
Posted on 1/28/21 at 12:34 pm to Lou Pai
quote:
They didn't "hold the line" on -1,700% or whatever it would have been for them, that's absurd
You said they covered their shorts. There would be no line to hold if that were true. If shorts were actually covered, the stock would’ve naturally come down.
Posted on 1/28/21 at 12:35 pm to Lou Pai
If I wanted to get in on GME right now what would be the best way to do it at the moment, with Robinhood not allowing it?
Posted on 1/28/21 at 12:36 pm to dclt145
Vanguard or etrade
Posted on 1/28/21 at 12:40 pm to JohnnyKilroy
Btw the fact that this has recovered and held at above 200 right now is incredible. I’m sure we haven’t seen the last of this but I wonder if the brokerages are finally saying “no mas” we aren’t lending anymore so there are very few funds who still have the ability to short at this moment.
Posted on 1/28/21 at 12:41 pm to JohnnyKilroy
the system isn't prepared for people not to panic
*ETA: what else can they do? even if they shut down the markets themselves, it would frick the short sellers, right?
*ETA: what else can they do? even if they shut down the markets themselves, it would frick the short sellers, right?
This post was edited on 1/28/21 at 12:42 pm
Posted on 1/28/21 at 12:41 pm to STLhog
quote:
I guess I'm still not understanding how it can even go up from here with what is going on.
That is my question as well. If the Reddit army can't buy, then what will drive the price up?
Also, with all of the shorts expiring tomorrow- how exactly does that drive the price up?
Posted on 1/28/21 at 12:45 pm to slinger1317
quote:
That is my question as well. If the Reddit army can't buy, then what will drive the price up?
Also, with all of the shorts expiring tomorrow- how exactly does that drive the price up?
Theoretically it should go up with them buying to cover. But with the minimal open interest out there, how does that happen?
I'm likely just missing something completely but the rules seem to be completely out the window today.
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