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Started By
Message
re: So I bought some Gamestop(GME)
Posted on 1/29/21 at 10:30 am to 13SaintTiger
Posted on 1/29/21 at 10:30 am to 13SaintTiger
quote:
No one mentioning that free trades and shares at #RobinHood were made possible by sales of the trade flow to Citadel and its ilk. Robinhood's customer is and has been CItadel, not its retail traders. Which makes what is happening this week all the more
That's half true...the true demand comes from the people using their app, who drive the volume of traffic that they get paid for. So if they don't have any users, they ain't making no money.
Posted on 1/29/21 at 10:32 am to truthbetold
quote:
The "fact" that the shorts are already out? WTF are you talking about.
Most original shorts are out. Any major position was blasted to hell by the moon shot over the past 10 days. A 10x move doesn’t leave you with any real options but to close out.
Short interest is going to remain high for pretty obvious reasons. I don’t think anyone believes GME will stay at these elevated levels for long.
Look, I’m not trying to defend anyone nor am I trying to rain on any parades. I love this story and the dynamics at play. I’m simply trying to add context that seems to get lost/ignored.
Posted on 1/29/21 at 10:33 am to Chucktown_Badger
Meanwhile the S&P is down 53 points.
Posted on 1/29/21 at 10:34 am to PhiTiger1764
Big Short 2 Electric Boogalo
Posted on 1/29/21 at 10:36 am to BilJ
I think GME is unique in what's about to happen (hopefully), but god damn I wish I had bought into AMC last week. The hype alone is gonna drive it up crazily.
Posted on 1/29/21 at 10:40 am to TigerTatorTots
quote:
And slackster said short cover was over
Yea well that guy has been wrong on nearly every topic he chimes in on
Bookmarked.
Posted on 1/29/21 at 10:41 am to TheIndulger
quote:
Is anyone looking at GME puts a year out? $200 Jan '22 puts seem like a gimme. This thing's gonna come back to earth at some point in the next year. A contract will cost $15,000 thoug
I bought the Jan $20 puts on Monday for 50¢ when the stock was $43, they're $2.30 now. I would avoid trading the options at this point.
Posted on 1/29/21 at 10:41 am to slackster
quote:
Most original shorts are out. Any major position was blasted to hell by the moon shot over the past 10 days. A 10x move doesn’t leave you with any real options but to close out.
Provide your sources.
Posted on 1/29/21 at 10:44 am to slackster
quote:
Most original shorts are out.
You have no fricking idea if this is true or not.
Posted on 1/29/21 at 10:44 am to xenythx
Posted on 1/29/21 at 10:44 am to BilJ
Maybe a dumb question but it wouldn't be the first one I've ever asked. So what happens to retail traders without ah privileges if it all blows up after hours, peoples sell orders kick in and then it drops like a rock and by Monday morning when I have access again it's worth 15 bucks like it was 3 weeks ago? I can only put a sale order in for 50% of the current sale price (fidelity) so even if I do that I won't lose anything but could miss out huge.
Posted on 1/29/21 at 10:45 am to PhiTiger1764
I would imagine most people that were short at $4 have to have covered somewhere between there and $414.
Posted on 1/29/21 at 10:50 am to JohnnyKilroy
Elon Musk being Dr. Strange


Posted on 1/29/21 at 10:51 am to Who_Dat_Tiger
quote:
I bought 3 shares at $306 this morning. I was really expecting it to jump all over the place after I bought, somewhere in the range of $150-$450
Seems it’s actually been somewhat steady though since I bought in
after yesterday, GME is unbelievably steady. wtf is going on?
Posted on 1/29/21 at 10:52 am to notsince98
quote:
after yesterday, GME is unbelievably steady. wtf is going on?
again, it could be likely due to the quantity purchase limits set by retail brokerages right now... no?
Posted on 1/29/21 at 10:52 am to notsince98
quote:
after yesterday, GME is unbelievably steady. wtf is going on?
We’re almost there. One way or another.
Posted on 1/29/21 at 10:52 am to SlowFlowPro
Maybe the best meme of all time
Posted on 1/29/21 at 10:53 am to JohnnyKilroy
They stole our idea!!! Lol
You you knew it was coming.
But I would’ve had David Portnoy as Thor with that yell after the “assemble“ , DFV as CA, and “the moon” as the hammer coming into his hand.
You you knew it was coming.
But I would’ve had David Portnoy as Thor with that yell after the “assemble“ , DFV as CA, and “the moon” as the hammer coming into his hand.
Posted on 1/29/21 at 10:54 am to Drunken Crawfish
seeing that it has 7 likes and only 2 replies reminds me that thousands of people may be looking at this thread right now anonymously 
Posted on 1/29/21 at 10:54 am to SlowFlowPro
He really should have been iron man.
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