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re: So I bought some Gamestop(GME)
Posted on 1/29/21 at 12:54 pm to rocket31
Posted on 1/29/21 at 12:54 pm to rocket31
quote:
i don't think they are censoring. there's just no price action today and you can only scream diamond hands and post rocket emojis so long before people start to lose interest.
That's literally the entire subreddit's purpose.
1
Posted on 1/29/21 at 12:54 pm to Grateful Reb
You're right about the first two points IMO, not sure if the last point (mania subsiding) has happened yet. I don't think anyone in here is willing to argue with you on this being astronomically off from intrinsic value of the stock.
Posted on 1/29/21 at 12:55 pm to SuddenJerk
quote:
Dude it went down to $126 yesterday. Hold strong and we win or frick off and they take everything. That’s how this works.
You're right. Sorry I wavered friend, and I haven't sold anything btw. Just having a moment of doubt.
HOLD THE MF LINE BOYS!!!!!
Posted on 1/29/21 at 12:55 pm to xenythx
?
no man, it is that but it's much more sophisticated and nuanced and the cheering is more effective when the price is actually moving
no man, it is that but it's much more sophisticated and nuanced and the cheering is more effective when the price is actually moving
Posted on 1/29/21 at 12:56 pm to rocket31
quote:
there's just no price action today and you can only scream diamond hands and post rocket emojis so long before people start to lose interest.
a lot of people were demoralized after yesterday too.
Ehh. We’re still green by nearly 50% on a day the market as a whole is getting crushed.
Posted on 1/29/21 at 12:56 pm to Grateful Reb
People starting to cash out. Bag holders beware.
Posted on 1/29/21 at 12:57 pm to boogiewoogie1978
Seems to be holding steady at about $280 where I am looking. Matches with where things were earlier before a jump to $300+
This post was edited on 1/29/21 at 12:58 pm
Posted on 1/29/21 at 12:57 pm to Lou Pai
this was a short squeeze. the fundamentals of the actual company were largely irrelevant to the play and I'm not sure why people keep latching onto that narrative
Posted on 1/29/21 at 12:58 pm to JohnnyKilroy
the euphoria has slowed down. that's all I'm saying.
Posted on 1/29/21 at 12:58 pm to rocket31
Because people want irrelevant bullshite to talk this down.
“This is a $17 company at $280.”
Then why did they short the company for $2 if it was worth 17?
“This is a $17 company at $280.”
Then why did they short the company for $2 if it was worth 17?
Posted on 1/29/21 at 1:00 pm to boogiewoogie1978
Triple bottom at 275-278
Posted on 1/29/21 at 1:01 pm to rocket31
quote:
the euphoria has slowed down. that's all I'm saying.
It feels like this week this story hit its peak. Am I wrong? The media had its fun and will lose interest over the weekend. Media coverage is what drove the price so high.
Tell me I'm wrong - I want to be.
Posted on 1/29/21 at 1:03 pm to teke184
yea retail out gunned the hedge funds and then when the final nails were about to be driven into their coffin, RH unplugged the game
it makes me sick to my stomach to think about
it makes me sick to my stomach to think about
Posted on 1/29/21 at 1:04 pm to VADawg
quote:
but I figured I had done well enough to not want to risk anymore.
Handsome profit. But not even one?
quote:
I bitched out
Posted on 1/29/21 at 1:04 pm to Grateful Reb
Posted on 1/29/21 at 1:05 pm to rocket31
We’ve got a descending triangle baws :(
Posted on 1/29/21 at 1:05 pm to KickPuncher
Robinhood changed the max buy to 1 now. Unbelievable.
Posted on 1/29/21 at 1:06 pm to boogiewoogie1978
quote:
People starting to cash out.
live look at upperdecker enjoying the spoils of his newfound wealth
Posted on 1/29/21 at 1:06 pm to Grateful Reb
the story never had a chance to climax because they changed the rules of the game in the 4th qtr
I think people are still in shock and disbelief and just now processing it all
I think people are still in shock and disbelief and just now processing it all
Posted on 1/29/21 at 1:08 pm to Grateful Reb
quote:
There is no actual value in GME. All of the value is derived from the mania. Now that the mania is subsiding, what will drive the price up?
the mania doesn't end until Citadel/Melvin cry uncle.
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