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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 7:33 am to
Posted by slackster
Houston
Member since Mar 2009
91340 posts
Posted on 1/29/21 at 7:33 am to
quote:

This is what I don't understand, we are talking about a few stocks. Not the whole market.



A few stocks with massive liquidity issues - don’t look at volume, look at volatility and bid/ask spreads and whatnot.

Buying Apple is easy for RH to handle.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 7:35 am to
quote:

few stocks with massive liquidity issues - 


this is another lie
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 7:36 am to
quote:

spent the day on the OT discussing this in the thread there -


sounds like a waste of time
Posted by slackster
Houston
Member since Mar 2009
91340 posts
Posted on 1/29/21 at 7:36 am to
quote:

They should’ve put out a clear statement yesterday morning. Businesses need to learn to be transparent with its customers. Some end of the day ambiguous word salad makes matters worse


Absolutely, but people don’t really care either way. The story is already set. Their minds have been made up for a while.

Yesterday and today made one thing abundantly clear - the short covering is over. The only people buying GME are retail investors, and the only people selling it are retail investors. The next few days are just going to decide who is left with the bag. The run on shorts is over.
Posted by Civildawg
Member since May 2012
10226 posts
Posted on 1/29/21 at 7:36 am to
Man the meme’s on wsb right now are glorious. If anyone wants I good laugh, check them out
Posted by slinger1317
Northshore
Member since Sep 2005
6858 posts
Posted on 1/29/21 at 7:37 am to
Which thread? Daily Discussion, Pajama Party or another?
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14469 posts
Posted on 1/29/21 at 7:37 am to
I NEED the Kevin O’Leary video
Posted by Civildawg
Member since May 2012
10226 posts
Posted on 1/29/21 at 7:38 am to
The threads that have meme under the title. They all on the front page
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/29/21 at 7:38 am to
quote:

Yesterday and today made one thing abundantly clear - the short covering is over.


wrong. The squeeze hasn’t started
This post was edited on 1/29/21 at 7:40 am
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 1/29/21 at 7:38 am to
How is that a lie?!

Stocks that are in high demand to cover billions in shorts are being held instead of sold and lent out leading to major liquidity crunches.

What’s not true about his statement?
Posted by HagaDaga
Member since Oct 2020
5919 posts
Posted on 1/29/21 at 7:39 am to
So what are your thoughts on what happens today, thru the wknd, and early next week? Get in on GME today at what point?

Any other of the stocks to get in on to ride the gme momentum that may not get hit with the restrictions?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 7:39 am to
NOK and BB did not have float issue with shorts

it's an absolute lie
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 1/29/21 at 7:40 am to
You have no idea what you are talking about. These squeezes are far from over. There is a huge mess on Wall St.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 7:40 am to
quote:

wrong. The squeeze hasn’t started


he has no idea what he's talking about
Posted by Hussss
Helena, AL
Member since Oct 2016
7777 posts
Posted on 1/29/21 at 7:41 am to
The MAIN issue is GME. They are TRYING to stop an avalanche but won’t be able to. Banning all those stocks will only exacerbate the entire situation.
Posted by slackster
Houston
Member since Mar 2009
91340 posts
Posted on 1/29/21 at 7:42 am to
quote:

this is another lie


It’s not at all with respect to the liquidity issues it creates for RH due to the characteristics of those underlying stocks.

I’m not trying to defend RH, I’m just trying to add some context to their decision making. You don’t have to like it, but it doesn’t change the facts.
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
22066 posts
Posted on 1/29/21 at 7:43 am to
quote:

Yesterday and today made one thing abundantly clear - the short covering is over.


Posted by busbeepbeep
When will then be now?
Member since Jan 2004
19480 posts
Posted on 1/29/21 at 7:43 am to
Posted by truthbetold
Member since Aug 2008
7637 posts
Posted on 1/29/21 at 7:43 am to
quote:

You don’t have to like it, but it doesn’t change the facts.


The "fact" that the shorts are already out? WTF are you talking about.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 7:44 am to
quote:

RH due to the characteristics of those underlying stocks.



there are zero characteristics of NOK which suggest what you're saying is true.

RH is not giving the full story. It's half truths.
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