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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 7:58 am to
Posted by TheDrunkenTigah
Baton Rouge
Member since Aug 2011
18149 posts
Posted on 1/29/21 at 7:58 am to
So what is Citron about to announce? They said they aren’t gonna comment on GME, and they closed all their shorts.

They gonna talk about the weather?
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
22060 posts
Posted on 1/29/21 at 7:59 am to
Hopefully they pull a Herbstreit and cry on live TV.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39915 posts
Posted on 1/29/21 at 8:00 am to
quote:

well the trading system has been built in a particular paradigm, and this whole move threatens that paradigm. the system isn't built for this kind of mass action. their mistake is calling their crony capitalism actual capitalism.



Without trying to sound hyperbolic, revolutions have been sparked by less than what happened yesterday.

If say the SEC comes down on Wall Street bets users but not RH or funds, they will have United basically all of the internet against the government and Wall Street.

Maybe I’ve just listened to too many revolutions podcasts
This post was edited on 1/29/21 at 8:02 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466236 posts
Posted on 1/29/21 at 8:00 am to
quote:

yup confirmation that you're completely clueless

go back to the ot



the financial system has no idea what to do right now

they're freaking out and trying to kill any potential GME-like meme/yolo stock from arising. it doesn't matter if the particular stock created a liquidity issue on January 28, 2021. they're playin a long game now. next up will be their government counterparts who will try to destroy any individual who participated in creating this while ignoring the collusion of the institutional parties

you're making an argument about a specific stock not being a direct, immediate threat. that's irrelevant now. this is bigger than that
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 1/29/21 at 8:00 am to
quote:

So what is Citron about to announce?


CNBC just said no longer publishing short research.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466236 posts
Posted on 1/29/21 at 8:01 am to
quote:

But as usual they pick their enemy that fits the agenda and it’s full steam ahead.

well corporate media protecting corporate-institutional interests is about as shocking as the sun coming up this morning
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/29/21 at 8:02 am to
quote:

Retail investors can’t buy and the stock falls 40%. Retail can buy today and it’s up 75% per market. Ignoring that is asinine.

YOu about stupid as frick bub.

LINK

Short float 121%. Again how fricking stupid are you? Just admit you don't know what the frick you talking about, because the squeeze ain't started yet. The beginnings of it might have started but the actual squeezing has not.

This site right here shows float at 200%+

LINK
This post was edited on 1/29/21 at 8:03 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466236 posts
Posted on 1/29/21 at 8:02 am to
quote:

If say the SEC comes down on Wall Street bets users but not RH or funds, they will have United basically of the internet against the government and Wall Street.

yup

the question is if they can make it hurt/scary enough. that's literally what they're trying to do right now

Posted by slackster
Houston
Member since Mar 2009
91340 posts
Posted on 1/29/21 at 8:05 am to
quote:

You seriously have no idea what you are talking about. I can go through a myriad of reasons why you are wrong but I just won’t because you choose to be oblivious.


Educate me.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32740 posts
Posted on 1/29/21 at 8:07 am to
It has been squeezing KickPuncher, but the shorts are just trading each other over. One short covers, and another short takes his short shares. Thats producing some squeeze effects, but resulting in basically a feedback loop continually squeezing the stock
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39915 posts
Posted on 1/29/21 at 8:09 am to
quote:

the question is if they can make it hurt/scary enough. that's literally what they're trying to do right now



Probably needs separate thread at some point. The mishandling this by CNBC and the like as been a masterclass in Streisand effect

Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18371 posts
Posted on 1/29/21 at 8:10 am to
quote:

Educate me.



Price has no where to go but down if you restrict buying and only allow selling for one. Doesn’t matter if it were AAPL or GME. It’s a direct result of intentionally trying to drive the price down.

Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/29/21 at 8:10 am to
quote:

It has been squeezing KickPuncher, but the shorts are just trading each other over. One short covers, and another short takes his short shares. Thats producing some squeeze effects, but resulting in basically a feedback loop continually squeezing the stock

I think part of the squeeze has started, like picking up the lemon and rubbing it between your hands to loosen up the juices. We are probably at the part where we cut the lemon in half. All that is left is the squeezing. Probably won't happen today, but soon.
Posted by Civildawg
Member since May 2012
10226 posts
Posted on 1/29/21 at 8:11 am to
Did we ever get the Mr wonderful interview from this morning?
Posted by BlackPawnMartyr
Houston, TX
Member since Dec 2010
16161 posts
Posted on 1/29/21 at 8:11 am to
Posted by teke184
Zachary, LA
Member since Jan 2007
103135 posts
Posted on 1/29/21 at 8:12 am to
“Let’s talk about me
For a minute
How do you think I feel
About what’s going on?”
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/29/21 at 8:12 am to
you've taken a lot of heat in this thread but have gotten it completely right so far. the only thing no one could predict was RH shutting down buys yesterday
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 1/29/21 at 8:13 am to
quote:

Did we ever get the Mr wonderful interview from this morning?




Looking.
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/29/21 at 8:17 am to
quote:

Price has no where to go but down if you restrict buying and only allow selling for one. Doesn’t matter if it were AAPL or GME. It’s a direct result of intentionally trying to drive the price down.

Yet magically the price has gone up.
Posted by teke184
Zachary, LA
Member since Jan 2007
103135 posts
Posted on 1/29/21 at 8:18 am to
It means the buying has migrated from RH and other apps throttling purchases to ones which are allowing them OR foreign brokers who aren’t in on it.
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