re: So I bought some Gamestop(GME)

today’s price action is going to solidify sentiment for the stock even further

pls stay safe though

theyre coming for the bros who bought yesterday at $150

I’m in at 120 for 2k

i dont think i can remember a better time on the internet, but it probably helps that im slightly autistic-like the rest of these bros

hope you have diamond hands brah

I bought in at $43 and $66 bulldog, I'm sitting pretty

Here is the reddit link I was speaking of earlier.

LINK
I'll post some important parts, IMO.

Why did GME come down?

I believe market-makers took a non-neutral stance and began actively shorting the stock after the second halt.

Market-makers are responsible for maintaining liquidity and functioning in the stock market, but they also have abilities that others don’t - for example they are legally allowed to naked short for “liquidity purposes”. They also have the ability to halt trading.

There were two halts in the day on Friday: First, when GME was up 69% (heh heh), and then a few minutes later when it kept climbing after the first halt was relaxed. Note that at the time of the first halt, the bid-ask spread was $10 on the underlying a huge signal that there just were not enough shares to buy.

However, after the second halt, something strange happened. Whereas a few minutes prior, there were no sellers willing to sell their shares below $75, within 15 minutes after the halt there were sellers at 70, 65, 60, and 56. Where did these sellers come from?

My speculation? This was a coordinated naked short ladder attack. In this type of attack, short seller A sells to short seller B, who then turns around to short seller A at a lower price, etc. and with a very small amount of capital you can wreck the momentum of a stock and make people think that others are running for the exits.

Notice how the stock dropped from a high of $75 on Friday to below 60 - the highest expiring SP for the 1/22 options, and stayed tight in range for the rest of the day. Now, for compliance reasons, MM are required to be neutral by EOD, so 20 minutes before close, MMs had to buy back all their short positions, which led to the strong close above 60.

All this led me to believe that the real fair market price for GME was above $65. Without the market makers interference, GME would have closed higher.

A repeat on Monday
The short ladder attack repeated on Monday.

GME opened strong above $90, and quickly climbed to a high above $155 before it was halted, immediately after the halt, a short ladder attack again drove the price down

?

A new opponent enters the ring:
?

LINK

That’s right, the same Citadel listed by the NYSE as one of their designated market makers is now invested in Melvin’s hedge fund and has a financial interest in the direction of GME’s share price.

This is the way

When do these HFs say F it and cover?

This is a bloodbath