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re: So I bought some Gamestop(GME)
Posted on 1/29/21 at 11:08 am to 13SaintTiger
Posted on 1/29/21 at 11:08 am to 13SaintTiger
quote:
Provide your sources.
Melvin and Citron both said they did. You don’t have to believe them though.
The math itself says anyone that was short two weeks ago with any major position would have covered. You can’t sit on a major $20 short position while the stock goes to $150 on Monday/Tuesday without having to cover, and if by some miracle you did, 57MM shares traded yesterday after the run to $347 on Wednesday, so you got out or were forced out then. It’s just common sense.
There are still going to be a shite ton of people short - ~15MM new short shares were traded Wednesday, which is 25% of the open short interest as of the 1/15 official report. It is impossible for you or I to confirm what positions are covered and when, but logic can help us make some educated guesses.
3
Posted on 1/29/21 at 11:12 am to slackster
quote:Melvin didn't say they did. The media said Melvin said they did. Melvin themselves then said they don't comment on their positions.
Melvin and Citron both said they did. You don’t have to believe them though.
Posted on 1/29/21 at 11:14 am to TDTOM
quote:
would imagine most people that were short at $4 have to have covered somewhere between there and $414.
No one here wants to hear it.
25MM shares have trader hands today, 531MM so far this week - who’s selling if everyone is hodling?
Posted on 1/29/21 at 11:14 am to slackster
quote:
The math itself says anyone that was short two weeks ago with any major position would have covered.
what fricking math are you looking at? the short interest numbers is the math your looking for and it doesn't report but every 2 weeks. monday will be the earliest we can see current short numbers on GME
disclaimer: the usual...
Posted on 1/29/21 at 11:15 am to Stiles
Not good enough to shop Musk’s head over Dr Strange.
Posted on 1/29/21 at 11:15 am to slackster
Look, in a completely rational market, I’d fully agree and believe but short % and what happened yesterday contends your argument. Yes some covered but they aren’t completely out
If you honestly think they all covered and got out, what’s your justification fir why they are asking regulators to step in?
You also mentioned yesterday’s dip as evidence, completely ignoring it was a manipulated dip. It was an almost forced sell.
If you honestly think they all covered and got out, what’s your justification fir why they are asking regulators to step in?
You also mentioned yesterday’s dip as evidence, completely ignoring it was a manipulated dip. It was an almost forced sell.
Posted on 1/29/21 at 11:16 am to TexasTiger34
quote:It's not the same shorts
what fricking math are you looking at? the short interest numbers is the math your looking for and it doesn't report but every 2 weeks.
Posted on 1/29/21 at 11:16 am to 13SaintTiger
That pathetically low volume pisses me off so bad.
This post was edited on 1/29/21 at 11:17 am
Posted on 1/29/21 at 11:16 am to slackster
quote:
No one here wants to hear it
No one here gives a shite about your FUD spreading. You don’t have a position in GME. Congrats. This is a bulls thread.
Posted on 1/29/21 at 11:17 am to slackster
quote:
No one here wants to hear it.
That isn’t true. You said all the major players completely closed out, that’s what is being argued. Not that they haven’t got out of their original short.
Posted on 1/29/21 at 11:19 am to castorinho
quote:
Melvin and Citron both said they did. You don’t have to believe them though.
Melvin didn't say they did. The media said Melvin said they did. Melvin themselves then said they don't comment on their positions.
Does the Melvin Capital spokesman not count? Again, people don’t have to believe them, but it’s not some “unnamed sources” kind of report.
Posted on 1/29/21 at 11:20 am to 13SaintTiger
and we are back to $340.
Posted on 1/29/21 at 11:24 am to slackster
I trust anyone from Melvin, Robinhood, or Citadel about as far as I can throw them.
Posted on 1/29/21 at 11:24 am to slackster
Who is the spokesman?
Posted on 1/29/21 at 11:24 am to willeaux
quote:
That pathetically low volume pisses me off so bad.
Volumes has come down as the value per share has gone up since Friday. It’s completely logical. We’re on pace to have more money flow through GME today than we did Friday, despite a lack of fractional share purchases at RH.
If someone has access to the daily volume weighted average price the past week that would add some context.
Posted on 1/29/21 at 11:25 am to 13SaintTiger
the low volume is inexplicable to me considering that this is a phenomenon
Posted on 1/29/21 at 11:25 am to teke184
quote:
trust anyone from Melvin, Robinhood, or Citadel about as far as I can throw them.
That’s fair.
Posted on 1/29/21 at 11:27 am to slackster
Would reallllly love another dip to $200 here
Posted on 1/29/21 at 11:27 am to truthbetold
quote:
the low volume is inexplicable to me considering that this is a phenomenon
It’s going over your head then. Everyone is holding
Posted on 1/29/21 at 11:27 am to notsince98
quote:
after yesterday, GME is unbelievably steady. wtf is going on?
jmo they're trying to beat down the option prices.
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