- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: So I bought some Gamestop(GME)
Posted on 2/2/21 at 11:09 am to Chucktown_Badger
Posted on 2/2/21 at 11:09 am to Chucktown_Badger
Has this episode had the desired impact on hedgefunds or did they worm out last week when buying was halted?
1
Posted on 2/2/21 at 11:15 am to Jake88
quote:
Has this episode had the desired impact on hedgefunds or did they worm out last week when buying was halted?
LINK
quote:
How Does it Work?
Stock halt is a rare scenario where a stock exchange will announce a prohibition on the trading of a particular share. During this phase, brokers will not be allowed to trade on the stock, i.e., buy or sell the security both for themselves or for retail investors like us. There are limited pre-prescribed scenarios when an exchange can announce a trading halt, and again there is a fixed set of rules which need to be followed for the stock to trade again after the halt.
And most of the hedge funds were out from under their terrible short bets before last Friday.
This post was edited on 2/2/21 at 11:16 am
Posted on 2/2/21 at 11:19 am to Chucktown_Badger
quote:
If it's criminal the SEC will investigate and prosecute, but I know you're a tinfoil hat guy so not even going to bother.
Lol
Posted on 2/2/21 at 11:22 am to Chucktown_Badger
quote:
And most of the hedge funds were out from under their terrible short bets before last Friday.
It’s a fact that most hedge funds got out Thursday when all buys were halted. The statical evidence supports it. They lost 53% almost $20 billion in total. Also your link refers to buying and selling, not just buying
This post was edited on 2/2/21 at 11:24 am
Posted on 2/2/21 at 12:00 pm to castorinho
quote:
GME aside, this word is overused and has "cost" a lot of people money in the past decade's bull run led by tech companies. Outside of Apple, most have crappy "fundamentals."
You can make the case that much of the tech sector has gone beyond "GARPy" and that people's standards on valuation have been relaxed over the past decade. But at least there's a growth runway there. And you don't have to be a value disciple to understand how absurd and distorted GME's valuation got relative to where it has historically traded over the last several years.
This post was edited on 2/2/21 at 12:02 pm
Posted on 2/2/21 at 12:24 pm to 13SaintTiger
quote:
Lol
We all knew this was coming. So the fact that it happened should not be a shock to you or anyone else. This whole "I lost so there must be a conspiracy" thing sounds eerily familiar.
Posted on 2/2/21 at 12:25 pm to castorinho
GME is a failing retail B&M operation first and foremost. That’s the “fundamental” reality of the business today.
Posted on 2/2/21 at 12:28 pm to Chucktown_Badger
in hindsight GME should have issued more shares although it would have been a PR nightmare, at least they could have avoided bankruptcy
This post was edited on 2/2/21 at 12:29 pm
Posted on 2/2/21 at 12:30 pm to lynxcat
I don't disagree fwiw. I've just watched too much CNBC lately.
Posted on 2/2/21 at 12:48 pm to rocket31
If GME goes bankrupt after this, talk about a missed opportunity.
Posted on 2/2/21 at 12:49 pm to Chucktown_Badger
quote:
We all knew this was coming
Please tell us what you knew was coming. I’d like specifics and details.
quote:
This whole "I lost so there must be a conspiracy" thing sounds eerily familiar.
What conspiracies are people saying happened? Again, specifics please
Posted on 2/2/21 at 12:56 pm to LSUguerilla
Right now GameStop is a shitty brick and mortar retailer, but if they can take advantage of this good will and brand recognition built during this whole ordeal, they can still pivot into a very successful online retailer for all gaming and peripheral needs, especially with the eGaming industry exploding.
Posted on 2/2/21 at 1:09 pm to 13SaintTiger
quote:
Please tell us what you knew was coming. I’d like specifics and details.
When the short squeeze was over the stock was going to tank. I missed the big run up so I didn't want to make a huge bet a meme stock with no fundamentals, remaining squeeze leverage, or retail buying power would continue massive daily gains...so I didn't buy in, instead purchasing puts for later in February at $35 and $58. I expected the bubble to burst Friday on the last options expiration.
Posted on 2/2/21 at 1:43 pm to 13SaintTiger
quote:
Reddit phenom was just a classic "pump and dump".
Lol. Brokers and hedge funds got their asses handed to them and had to force a sell market. But classic pump and dump I guess
Blaming buy restrictions on RH for stopping a short squeeze takes a lot of cognitive dissonance. A short squeeze is supposed to support itself - you start it and shorts take it from there as they scramble to cover.
RH limiting buys did only one real thing - it stopped fools from losing even more money. I told you last week that the squeeze was over and it was just retail investors trading the stock among themselves. You said it hadn’t started.
Posted on 2/2/21 at 1:48 pm to JohnnyKilroy
quote:
Reddit phenom was just a classic "pump and dump".
Not at all
Correct. It was a very well coordinated short squeeze that turned into a pump and dump. Once the squeeze was over, people started begging others to hold the bag so they could bail out orderly.
Posted on 2/2/21 at 1:51 pm to slackster
I just wish BB hadn't gotten caught up and attached to GME. I'd rather it trade like a normal tech stock not a meme stonk.
Posted on 2/2/21 at 1:53 pm to KamaCausey_LSU
quote:
I just wish BB hadn't gotten caught up and attached to GME. I'd rather it trade like a normal tech stock not a meme stonk.
+1
Posted on 2/2/21 at 2:04 pm to JohnnyKilroy
quote:
Things are supposed to get halted on a 10% move within 5 minutes.
There's been multiple drops of over 10% this morning within 5 minutes without a halt.
The 10% move is based on a reference price (arithmetic mean) that is constantly updated by transactions within the 5 minute trailing window. If it triggers, the stock has 15 seconds to get back within the limit or it’s halted.
It can be manipulated by activity, but the trigger is pretty straightforward. The NYSE will halt it if it happens one way or the other.
Posted on 2/2/21 at 2:04 pm to deaconjones35
The three big halts today as the stock price was going up reminded me of the new phenomenon of stoping the counting of votes on election day. Seems people need time to regroup.
Posted on 2/2/21 at 2:06 pm to Chucktown_Badger
quote:
When the short squeeze was over the stock was going to tank. I missed the big run up so I didn't want to make a huge bet a
So just like everyone else? Or did you really believe most people thought it would squeeze forever? Additionally, you are confusing a short squeeze with popularity. By all accounts, the short squeeze was never able to truly happen.
quote:
I expected the bubble to burst Friday on the last options expiration
It didn’t burst Friday. It burst Thursday. Did you also know brokers would have a liquidity problem and that would be the catalyst to end the squeeze?
Page 191 of 200
Back to top
Follow TigerDroppings for LSU Football News