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re: So I bought some Gamestop(GME)

Posted on 2/2/21 at 1:26 am to
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36761 posts
Posted on 2/2/21 at 1:26 am to
This whole thing ruined dd on wsb
Posted by slackster
Houston
Member since Mar 2009
84784 posts
Posted on 2/2/21 at 6:24 am to
quote:

The sec can and I believe the leaders in the exchanged can halt trading. They do it a different points for stocks as well during mergers. Penny stock land is full of trading halts, and all sorts of crazy structuring and renaming that requires temporary halts for different reasons


That’s why I said when the market for the stock is open.

The exchanges halt the trading and platforms can stop buying even if the market is open, but they can’t stop you from selling if the market exists.
Posted by barry
Location, Location, Location
Member since Aug 2006
50341 posts
Posted on 2/2/21 at 6:36 am to
quote:

: it was 46 million & some change. He sold 300 calls and has 13+ million in cash in his account



Good he’s not an idiot, you have to take some off the table, it’s a life changing event.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22283 posts
Posted on 2/2/21 at 6:52 am to
The Deep State will win in the end. But it was a good story while it lasted.



Also, I find it queer that GME was down exactly $100.00 yesterday (FEB01)
Posted by slackster
Houston
Member since Mar 2009
84784 posts
Posted on 2/2/21 at 6:55 am to
quote:

Good he’s not an idiot, you have to take some off the table, it’s a life changing event.


Hard to argue with making $13MM on a trade, but a good place to start would be losing $20MM+ Ouch.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5894 posts
Posted on 2/2/21 at 7:07 am to
quote:

Also, I find it queer that GME was down exactly $100.00 yesterday (FEB01)



You know when something is manipulated, these kind of things don't happen by accident.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80770 posts
Posted on 2/2/21 at 7:14 am to
Getting crushed...is this over?
Posted by SuddenJerk
Member since Oct 2017
727 posts
Posted on 2/2/21 at 7:19 am to
I’m still holding and with the drop AH I’m buying more. Good luck to us all on our decisions.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/2/21 at 7:36 am to
quote:

Getting crushed...is this over?


Other than the downside pressure in PM/AH, gme has traded pretty flat the past couple days.

It doesn't look good for holders.
Posted by slackster
Houston
Member since Mar 2009
84784 posts
Posted on 2/2/21 at 7:41 am to
quote:

You know when something is manipulated, these kind of things don't happen by accident.


Almost looks like it closed on two limit orders, which would actually make a lot of sense given the volatility.
Posted by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 2/2/21 at 8:01 am to
I think it was over yesterday. Well, technically Friday.

Posted by teke184
Zachary, LA
Member since Jan 2007
95311 posts
Posted on 2/2/21 at 8:08 am to
Still... -100 yesterday and almost as bad in overnights.

Nothing fricky about that at all. :eyeroll:
Posted by mikeytig
NE of Tiger Stadium
Member since Nov 2007
7070 posts
Posted on 2/2/21 at 8:24 am to
JjDoc warned yall about this.
Posted by teke184
Zachary, LA
Member since Jan 2007
95311 posts
Posted on 2/2/21 at 8:25 am to
I don’t have any money involved. I’m just finding it interesting that it broke so badly overnight.


Without seeing the volume, for all I know it is the same hedge funds passing GME around like a hooker at an orgy for $1 a share to depress the price.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/2/21 at 8:28 am to
Wouldn’t surprise me at all. These sells at half a cent increments are fishy
Posted by GREENHEAD22
Member since Nov 2009
19590 posts
Posted on 2/2/21 at 8:36 am to
Well it is not letting sales go through even if you do want out.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 2/2/21 at 8:37 am to
quote:

Well it is not letting sales go through even if you do want out.


I think it halted on the way down.
Posted by SLafourche07
Member since Feb 2008
9928 posts
Posted on 2/2/21 at 8:39 am to
Haven’t tried today but yesterday Schwab told me I didn’t actually have the shares of GME and AMC in my account to sell when I was trying to set some limit orders.

If I had real money in on this I would be pissed.
Posted by Jjdoc
Cali
Member since Mar 2016
53455 posts
Posted on 2/2/21 at 8:39 am to




And he's still holding and believing!
Posted by cgrand
HAMMOND
Member since Oct 2009
38749 posts
Posted on 2/2/21 at 8:50 am to
MF
quote:

The massive "gamma squeeze" in GameStop (NYSE:GME) stock that was built on short-sellers overplaying their hand is likely at an end. The latest data from IHS Markit shows short interest in the video game retailer's shares has tumbled to just 39%, still elevated in normal circumstances, but substantially below the nearly 140% it stood at just two weeks ago when the drama began.
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