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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 7:20 pm to
Posted by slackster
Houston
Member since Mar 2009
91341 posts
Posted on 1/29/21 at 7:20 pm to
quote:

I think there are at least semi-legitimate explanations for a lot of what’s going on


And that’s all I’m really trying to offer. While I’m not a direct competitor to RH and other do it yourself platforms, they create headaches for me every so often nonetheless. I’m not going to lose sleep as they get blasted left and right, but there are real reasons they have to do some of these things.

IB is kind of a different animal altogether, fwiw, but I can’t imagine there is a ton of GME buying there even before the restrictions, so I’m not sure how much their decision really drives any price action.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40296 posts
Posted on 1/29/21 at 7:39 pm to
In then end, my position has always been this should have ended last Friday. Few funds go pop and maybe a broker or two has to eat some shite. A few plebs get rich and we all forget about this by June.





But here we are.
Posted by slackster
Houston
Member since Mar 2009
91341 posts
Posted on 1/29/21 at 7:42 pm to
quote:

But here we are.




Yes. While I’m jealous as hell of those who got in earlier, having no vested interest on it is probably best for the psyche for me. I’m rooting for all of you, even if we know it ends poorly for many.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 1/29/21 at 7:51 pm to
quote:

While I’m jealous as hell of those who got in earlier,


Extremely jealous. I should have put last year's stimulus all in this.

quote:

even if we know it ends poorly for many.


A lot of regular people will lose a lot of money when this is over.
This post was edited on 1/29/21 at 7:52 pm
Posted by Dock Holiday
Member since Sep 2015
1821 posts
Posted on 1/29/21 at 7:57 pm to
I got in lateish.... $85 per and not many shares. I didn't believe it would get to this point, but I'm still ridding into next week either my original position. Has been fun...
Posted by Azazello
Member since Sep 2011
3228 posts
Posted on 1/29/21 at 7:59 pm to
quote:

a lot of regular people will lose a lot of money when this is over


Of course they will, this is the way of the market. For every buyer there is a seller.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40296 posts
Posted on 1/29/21 at 7:59 pm to
quote:

Has been fun...


Work is going to SUCK when this is all over
Posted by Chuckiee
Member since Jan 2007
2602 posts
Posted on 1/29/21 at 8:22 pm to
Johnny you still holding?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40296 posts
Posted on 1/29/21 at 8:26 pm to
Yup. I took cost off the table long ago (not really but this has felt like it’s gone on for a month lol). I can diamond hand because the stock could go to 0 and I’m good.

It is nice seeing my portfolio bright green overall on these very red market days though.
This post was edited on 1/29/21 at 8:28 pm
Posted by rintintin
Life is Life
Member since Nov 2008
16971 posts
Posted on 1/29/21 at 8:30 pm to
quote:

Yup. I took cost of the table long ago (not really but this has felt like it’s gone on for a month lol). I can diamond hand because the stock could go to 0 and I’m good.

It is nice seeing my portfolio bright green overall on these very red market days though.





My exact position. I won't sell for anything unless we go to $1000+.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40296 posts
Posted on 1/29/21 at 8:50 pm to
Not gme related but this is probably my favorite wsb post I’ve seen in a long time

Oh my gourd!
Posted by busbeepbeep
When will then be now?
Member since Jan 2004
19480 posts
Posted on 1/29/21 at 9:54 pm to
quote:

I took cost off the table long ago
did this today at 315. Sold 40% of what I had, holding 60%.

Was afraid of whatever shenanigans they plan over the weekend, so just wanted to ensure don't end up with nothing to show for all this.
Posted by Gnar Cat21
Piña Coladaburg
Member since Sep 2009
17123 posts
Posted on 1/29/21 at 10:02 pm to
Hold you retards
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/29/21 at 10:12 pm to
I’m shooting for 5k baws
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/30/21 at 9:51 am to
thats the thing that made me pause, why are brokers still allowing funds to short while retail traders are being limited from buying?

i dont care about losing money, but to continue on playing a game where the rules change on me after my opponent is being decimated is difficult to process
This post was edited on 1/30/21 at 9:52 am
Posted by GAFF
Georgia
Member since Aug 2010
2708 posts
Posted on 1/30/21 at 10:02 am to
quote:

Of course they will, this is the way of the market


Unless you’re Wall Street
Posted by thelawnwranglers
Member since Sep 2007
42018 posts
Posted on 1/30/21 at 10:03 am to
quote:

did this today at 315. Sold 40% of what I had, holding 60%.

Was afraid of whatever shenanigans they plan over the weekend, so just wanted to ensure don't end up with nothing to show for all this.


Paper hands


Lol kidding
Posted by thelawnwranglers
Member since Sep 2007
42018 posts
Posted on 1/30/21 at 10:08 am to
quote:

rocket31


Did you paper hand?

I don't understand the exact frickery going on but it is happening
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/30/21 at 10:18 am to
yea I paper handed Thursday morning

soft af, I know
Posted by thelawnwranglers
Member since Sep 2007
42018 posts
Posted on 1/30/21 at 10:26 am to
quote:

yea I paper handed Thursday morning

soft af, I know


Lol it's your money

The movement is nice but you need to do you. I think it is funny to laugh about but no judgement.
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