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re: So I bought some Gamestop(GME)
Posted on 1/26/21 at 11:58 am to JohnnyKilroy
Posted on 1/26/21 at 11:58 am to JohnnyKilroy
quote:This is the way. Also looks like the shorts doubled down. There is a post on reddit looking at whats been going on the past weeks and it is very eye opening for some. Definitely market manipulation going on but its a okay for the big boys to do it. I'll post some quotes from it in a minute.
Makes no sense to exit until we have some evidence that the net short interest is significantly decreasing.
1
Posted on 1/26/21 at 11:59 am to KickPuncher
davids vs goliaths
team david ftw
team david ftw
Posted on 1/26/21 at 12:03 pm to Triple Bogey
quote:
I think you're misunderstanding what the play is here. There aren't enough shares for them to buy back to close their original short positions. They are paying ridiculous amounts of money everyday to hold these shorts open as the stock keeps rising. People on wsb, including my dumbass, have set limit orders at insane prices. IF they get margin called, they will have to buy the shares at whatever the limit order sells are set at in order to close.
I bought in for the first time when the stock was at 14$. I could give a frick less if it tanks 20% in a day. I will simply sit and wait them out.
I get it, but everyone in this thing is not set up like you and some of the other long holders.
People will get scared. People will sell at big losses. Especially those that just jump on board because they see the giant moves and aren't in tune with the goal of the reddit "mission". It's just human nature.
There will be losers. There are always losers.
Posted on 1/26/21 at 12:07 pm to rintintin
quote:Sounds like they shouldn't be investing then. Investing is a gamble, 100%.
I get it, but everyone in this thing is not set up like you and some of the other long holders.
For GME at this moment, if you wanted to get in, just put in what you are comfortable with. I"ve noticed that most of the days, it dips hard around 10am and then starts trending back up around or after lunch. Don't buy at 9am unless you just don't care. But there is still money to be maid on GME. Shorts have to pay larger interest rates and the higher the price goes, the more of a risk it is, which means higher rates to make up for that risk. Buying the stock doesn't have this added problem. They already down a lot, unless they are trying to do a quick wealth transfer, which it may end up being just that.
Posted on 1/26/21 at 12:09 pm to KickPuncher
Main issue is the market breakers destroying the squeeze. We’re gaining upwards, but could be much faster
Posted on 1/26/21 at 12:09 pm to rintintin
quote:
People will get scared. People will sell at big losses. Especially those that just jump on board because they see the giant moves and aren't in tune with the goal of the reddit "mission". It's just human nature.
wait till it trades sideways for a few days...the bottom will fall out
Posted on 1/26/21 at 12:11 pm to rintintin
This is who a 13 billion dollar hedge fund is going bankrupt against
Posted on 1/26/21 at 12:13 pm to Upperdecker
quote:
Main issue is the market breakers destroying the squeeze. We’re gaining upwards, but could be much faster
Yep. Killing the momentum.
Posted on 1/26/21 at 12:14 pm to JohnnyKilroy
Posted on 1/26/21 at 12:16 pm to cgrand
quote:Sources
wait till it trades sideways for a few days...the bottom will fall out
Posted on 1/26/21 at 12:19 pm to KickPuncher
quote:
Sounds like they shouldn't be investing then. Investing is a gamble, 100%.
Eh, I think you're confusing what is going on here and investing.
Posted on 1/26/21 at 12:24 pm to KickPuncher
I saw one tweet that said Virgin Galactic is next (SPCE). It's up big today.
Posted on 1/26/21 at 12:28 pm to Chucktown_Badger
Posted on 1/26/21 at 12:29 pm to ArmydawgMD
quote:
They’re set to have a big quarter with the launch of the Xbox x and the holiday season. They’ve already taken a pretty good bounce this year and I think a buck is to be made at the current prices.
the consoles dont bring in profit, its the individual game sales. new console releases spur game sales, however, with more and more downloadable games, game sales companies are seeing a steady fall of in revenue as they are by-passed
Posted on 1/26/21 at 12:29 pm to castorinho
Following this thread is exhilarating by itself. I can’t imagine the roller coaster if I actually had skin in the game on this one.
Posted on 1/26/21 at 12:30 pm to prostyleoffensetime
quote:
Following this thread is exhilarating by itself. I can’t imagine the roller coaster if I actually had skin in the game on this one.
what would you bring to a blackjack/craps table? just throw that in. that's all this is for a lot of us.
same as playing a bet on a sports team..
bet. let it ride. have fun
Posted on 1/26/21 at 12:31 pm to prostyleoffensetime
you should follow the reddit in game thread. best thing on the internet 
LINK
LINK
This post was edited on 1/26/21 at 12:32 pm
Posted on 1/26/21 at 12:32 pm to castorinho
quote:
castorinho
I bought a Jan 29 $44 call and it's up 8.28% already. Every time I refresh it goes up more
(But my NOK ones are down big today).
Posted on 1/26/21 at 12:35 pm to Chucktown_Badger
quote:
(But my NOK ones are down big today).
i've been reading the posters pushing NOK and BB were new accounts(maybe by institutions) pushing potentiall moon shots to have people scrap their GME earnings and flood new ones
those accounts have apparently been banned on WSB
This post was edited on 1/26/21 at 12:37 pm
Posted on 1/26/21 at 12:37 pm to TexasTiger34
I tried to warn them in the NOK thread that they weren't genuinely pumping NOK...
This post was edited on 1/26/21 at 12:37 pm
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