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re: So I bought some Gamestop(GME)

Posted on 2/1/21 at 9:28 am to
Posted by htcthc321
Member since Oct 2010
1769 posts
Posted on 2/1/21 at 9:28 am to
Halted? Looks stuck on $213.07
Posted by volfan30
Member since Jun 2010
41214 posts
Posted on 2/1/21 at 9:29 am to
100% out since Wednesday but thinking about buying back in for a tiny fraction of previous gain. Surely this thing has at least one more big spike before it returns to ~$30 right?
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 2/1/21 at 9:30 am to
GME hit its ceiling and folks knew that, now they are taking profits. This is why its dropping like a stone. Next up is AMC...I expect many selling GME will move some of that profit over to AMC over the next few days in order to short squeeze it.
Posted by BlackPawnMartyr
Houston, TX
Member since Dec 2010
16299 posts
Posted on 2/1/21 at 9:30 am to
quote:

What is the next bottom?


about $3.50
This post was edited on 2/1/21 at 9:31 am
Posted by teke184
Zachary, LA
Member since Jan 2007
103801 posts
Posted on 2/1/21 at 9:30 am to
Probably.

It is sitting on a 1/3 stock value loss for the day, meaning it probably triggered a hold for the frenzy to wear off.
Posted by East Coast Band
Member since Nov 2010
66950 posts
Posted on 2/1/21 at 9:30 am to
Let's hope
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36893 posts
Posted on 2/1/21 at 9:31 am to
quote:

There is a lot of new money that may be looking to get back in around $130.


Is this based on any actual data, or just your thought?
Posted by notsince98
KC, MO
Member since Oct 2012
22028 posts
Posted on 2/1/21 at 9:34 am to
quote:

GME hit its ceiling and folks knew that, now they are taking profits. This is why its dropping like a stone. Next up is AMC...I expect many selling GME will move some of that profit over to AMC over the next few days in order to short squeeze it.


If retailers are done with GME, why is Wall Street still up to shenanigans trying to keep them from buying? It seems more companies are locking out buyers than just RH.
Posted by teke184
Zachary, LA
Member since Jan 2007
103801 posts
Posted on 2/1/21 at 9:34 am to
Trading has resumed, back up to 249 and rallying.
Posted by xenythx
Member since Dec 2007
33384 posts
Posted on 2/1/21 at 9:34 am to
Day traders are probably the ones making massive bank off this stock with these valleys and peaks.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1737 posts
Posted on 2/1/21 at 9:34 am to
quote:

LINK
. Titanic

Saw that when I was a kid.
I’m a sucker for lost causes.
I’m going down with my three shares
This post was edited on 2/1/21 at 9:36 am
Posted by The Melt
Metairie
Member since Apr 2018
984 posts
Posted on 2/1/21 at 9:34 am to
quote:

Is this based on any actual data, or just your thought?


Dude, data isn't running any of this. It's what I'm gleaning off of a few message boards. The 130 number is from the big drop the other day. Some want to keep this going and that may be the number they use to buy.
Posted by teke184
Zachary, LA
Member since Jan 2007
103801 posts
Posted on 2/1/21 at 9:35 am to
And back down to 234.

It’s bobbing up and down like a Thai hooker’s head in someone’s lap.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/1/21 at 9:36 am to
Stuck in a descending channel. It’s fighting near the upper right now
This post was edited on 2/1/21 at 9:37 am
Posted by TigerDeBaiter
Member since Dec 2010
10727 posts
Posted on 2/1/21 at 9:38 am to
First time to buy some game stock today. I’m only in for the swings though. This will continue to drop like a rock, but there’s still meat on the bone. $225 to $250 in 5 min. I’ll take my $2500 scalp while y’all refuse to sell.

Good luck, but you guys already won. Be careful.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 2/1/21 at 9:38 am to
quote:

GME hit its ceiling and folks knew that, now they are taking profits. This is why its dropping like a stone. Next up is AMC...I expect many selling GME will move some of that profit over to AMC over the next few days in order to short squeeze it.


even if that happens the massive restrictions will keep things tame
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
5624 posts
Posted on 2/1/21 at 9:40 am to
Volume of less than 15 mil on GME, they are just slowly choking it off. AMC v over 215 mil for comparison, such BS.
This post was edited on 2/1/21 at 9:42 am
Posted by castorinho
13623 posts
Member since Nov 2010
87424 posts
Posted on 2/1/21 at 9:45 am to
Same as last Friday. Vol for GME was 50-60 mil. AMC was like 600 mil
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3955 posts
Posted on 2/1/21 at 9:46 am to
Can’t get a trade through on E*TRADE app. Pissing me off, not by restrictions, just app is fricked.
Posted by StringedInstruments
Member since Oct 2013
20858 posts
Posted on 2/1/21 at 9:48 am to
quote:

there’s still meat on the bone


I got in for one share at $355. I’m setting to sell at $400. Might even go lower. I’m just not in a position to see any big gains with only one share. Might as well keep what I’ve got instead of waiting for the mythical “$1000” squeeze.
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