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re: So I bought some Gamestop(GME)

Posted on 2/25/21 at 8:19 am to
Posted by finchmeister08
Member since Mar 2011
39198 posts
Posted on 2/25/21 at 8:19 am to
have y'all seen this video on r/wallstreetbets?

LINK
Posted by mb810
Member since Dec 2011
259 posts
Posted on 2/25/21 at 8:38 am to
Trading froze in 5 min
Posted by finchmeister08
Member since Mar 2011
39198 posts
Posted on 2/25/21 at 8:40 am to
i thought about getting into this, but i feel like the train has left the station for what i was going to put into it. it only went up to about $450 or so last time.
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15742 posts
Posted on 2/25/21 at 8:44 am to
quote:

If it makes you feel better you only lost out on nearly 300% gains


Yup, $30k in potential profits lost in 3 hrs.
Posted by finchmeister08
Member since Mar 2011
39198 posts
Posted on 2/25/21 at 8:47 am to
it's stuck at $129.05 for me on fidelity.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 2/25/21 at 8:57 am to
It's been halted several times already and now being stepped down.

Bull trap?
Posted by xenythx
Member since Dec 2007
33221 posts
Posted on 2/25/21 at 8:59 am to
quote:

It's been halted several times already and now being stepped down.

Bull trap?


Probably people that learned their lesson last time. If they've been holding heavy bags for the last month, this was their chance to get out.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35714 posts
Posted on 2/25/21 at 9:10 am to
quote:

We riding to 309


It would be truly idiotic if it were to happen. These guys should turn their attention to a stock they can really load up on at low prices...like, say, NOK
This post was edited on 2/25/21 at 9:13 am
Posted by greygoose
Member since Aug 2013
13875 posts
Posted on 2/25/21 at 9:21 am to
quote:

Curious what shenanigans the platforms will pull this time. They sorta kinda got away with it the first time. This time, it will be a bloodbath if they limit trading.

Vlad ran out of excuses during his congressional testimony. Blamed it on funding, which he has secured now.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35714 posts
Posted on 2/25/21 at 10:23 am to
quote:

have y'all seen this video on r/wallstreetbets?


Pretty funny, but people need to realize it's not about a short squeeze anymore. There's no leverage there, so this is the epitome of a random pump.
Posted by mb810
Member since Dec 2011
259 posts
Posted on 2/25/21 at 2:05 pm to
Maybe not a short squeeze specifically for this rise but you think retail investors pumped the stock yesterday 100%+ just on news that a CFO they never heard of was getting pushed out? Some other mechanism sparked this off, retail doesn’t have near the coordination nor buying power to move the needle that much
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18368 posts
Posted on 2/25/21 at 2:08 pm to
quote:

not about a short squeeze anymore.


They like the stock
Posted by rocket31
Member since Jan 2008
41874 posts
Posted on 2/25/21 at 2:26 pm to
seems like the hedge funds coordinated a pump and then let wsb fomo into it?

I haven't had time to pay attention to it
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
39999 posts
Posted on 2/25/21 at 2:28 pm to
quote:


seems like the hedge funds coordinated a pump and then let wsb fomo into it?


It definitely wasn’t retail that spiked it yesterday.
Posted by slackster
Houston
Member since Mar 2009
91265 posts
Posted on 2/25/21 at 2:29 pm to
The stock was flat most of the day yesterday despite the news on the executive. Suggesting it had to do with the ousting is lazy CNBC reporting.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35714 posts
Posted on 2/25/21 at 4:04 pm to
I just checked out Reddit for a bit and these chuckleheads think they can force another squeeze if they just buy and hold (er, hodl).

quote:

I keep seeing people selling high and buying dips for quick profits -- DO NOT DO THIS IF YOU WANT A SQUEEZE


Uh, guys, any shorts that needed to cover did so over the past few weeks as it bled down to the low 40s. And they likely made a bunch of money on the way down.
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 2/25/21 at 10:14 pm to
What is a gamma squeeze for 200 Alex.



ETA: also you're wrong.
This post was edited on 2/25/21 at 10:15 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35714 posts
Posted on 2/26/21 at 11:48 am to
Answer: Things that aren't currently in play.


quote:

What is a gamma squeeze for 200 Alex.


ETA: also you're wrong.




HODL away, my friend.
Posted by TulaneLSU
Member since Aug 2003
Member since Dec 2007
13605 posts
Posted on 9/13/23 at 10:35 pm to
Friends,

If you have not yet seen Dumb Money in a theater near you, I recommend you do. Reading through some of these pages brought a smile to my face. From Jan 26-29 of that exciting time, there were 147 pages of posts in this thread.

Yours,
TulaneLSU
This post was edited on 9/13/23 at 11:30 pm
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