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re: So I bought some Gamestop(GME)
Posted on 1/29/21 at 1:22 pm to 13SaintTiger
Posted on 1/29/21 at 1:22 pm to 13SaintTiger
quote:
Also you say the squeeze has been happening. Tell me how you differentiate between the squeeze while also recognizing the influx of retailers jumping on a wave. Squeezes require positions to be held
Well real-time data is tough to get, even for someone like S3, but simply wouldn’t take a major short position at $20 and ride it to $350, so you cover. Others cover. Retail buys too. Stock shoots up. New shorts are coming in all the time at $150, $250, $350, etc, but those guys can ride GME to $1,500 before they find themselves in a Melvin Capital situation. In other words, the next $100 isn’t nearly as detrimental to current shorts as it was to the original guys.
If people were still scrambling to cover massive losses and retail investors aren’t willing to sell, a 40% drop like yesterday wouldn’t be possible. Imo, yesterday shows that the shorts covering thesis is relatively minor, and GME action today suggests it’s just retail buying from other retail while trying not to be the one left holding the bag.
1
Posted on 1/29/21 at 1:23 pm to volfan30
quote:Is this really a significant portion of the retail investors? Are a significant number of people really putting money they need in the short term on this GME play?
your average retail trader, who can’t afford to leave $5k in RobinHood more than a couple weeks
Posted on 1/29/21 at 1:23 pm to slackster
Current track has a $235 3pm close. They’re gonna dump hard right before though. Might go sub 200. shite.
Posted on 1/29/21 at 1:24 pm to rocket31
I've got a feeling the hedge baws outsmarted us guys.
They basically killed retail demand via Robinhood. Going to cover their asses.
They basically killed retail demand via Robinhood. Going to cover their asses.
Posted on 1/29/21 at 1:24 pm to LSURep864
Lawsuit
Posted on 1/29/21 at 1:24 pm to WDE24
quote:
Is this really a significant portion of the retail investors? Are a significant number of people really putting money they need in the short term on this GME play?
People have yolo'd their entire savings into GME.
Posted on 1/29/21 at 1:26 pm to LSURep864
quote:
They basically killed retail demand via Robinhood.
You think Robinhood is the only platform out there?
This post was edited on 1/29/21 at 1:35 pm
Posted on 1/29/21 at 1:27 pm to Grateful Reb
quote:
What rules were changed?
the ability to buy GME, for one
Posted on 1/29/21 at 1:27 pm to rocket31
quote:
shorts are still losing overall today but I'm concerned about how the market closes
GME falls bigly. Some won't have the balls to hold it over the weekend.
Posted on 1/29/21 at 1:28 pm to LSURep864
quote:
I've got a feeling the hedge baws outsmarted us guys.
They basically killed retail demand via Robinhood. Going to cover their asses.
That's not actually outsmarting anyone, that's just cheating. They were losing so they flipped the board over.
Posted on 1/29/21 at 1:28 pm to LSURep864
quote:
got a feeling the hedge baws outsmarted us guys
Pretty easy when you change the rules to your advantage halfway through the game. They didn't outsmart anyone, in fact they got caught with their pants down and look like fools
Posted on 1/29/21 at 1:29 pm to TDTOM
quote:
You Robinhood is the only platform out there?
There are so many dumbasses in here. The fact that this many people think Robinhood has some monopoly on retail trading is mind blowing.
To anyone bitching about RH - just download another platform and STFU.
Posted on 1/29/21 at 1:29 pm to jimbeam
quote:
Current track has a $235 3pm close. They’re gonna dump hard right before though. Might go sub 200. shite.
it closed under $200 yesterday and opened today near $400. is that really reason to panic?
Posted on 1/29/21 at 1:29 pm to LSURep864
quote:
I've got a feeling the hedge baws outsmarted us guys.
They basically killed retail demand via Robinhood.
If you call cheating outsmarting then yeah.
Oh what a world.
Posted on 1/29/21 at 1:29 pm to ThereGoesHerschel
quote:
Pretty easy when you change the rules
What rules were changed?
Posted on 1/29/21 at 1:30 pm to TDTOM
Robinhood is obviously not the only platform but it's where many of the GME retail investors have their money tied up. They have been scrambling since yesterday to open a new account and get it funded so they can buy.
Robinhood is also not the only broker that is limiting GME purchases.
Robinhood is also not the only broker that is limiting GME purchases.
Posted on 1/29/21 at 1:30 pm to eScott
quote:Damn. Feel bad for the ones that learn that you may only live once, but it is a long rough ride when you are broke.
People have yolo'd their entire savings into GME.
Posted on 1/29/21 at 1:31 pm to Grateful Reb
quote:
To anyone bitching about RH - just download another platform and STFU.
RH is clearly a huge factor in this. Every time they change their rules, it clearly impacts GME price.
Over 56% of RH users own GME stock. It may take time for them to get relocated to a new platform.
Posted on 1/29/21 at 1:32 pm to notsince98
quote:
it closed under $200 yesterday and opened today near $400. is that really reason to panic?
No it’s a reason to buy!
Posted on 1/29/21 at 1:32 pm to Grateful Reb
quote:
What rules were changed?
trading platforms coordinated to manipulate what actions were available specifically to manipulate the price of the stock
how is that not changing the rules?
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