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re: So I bought some Gamestop(GME)

Posted on 1/13/21 at 9:29 am to
Posted by MrJimBeam
Member since Apr 2009
12235 posts
Posted on 1/13/21 at 9:29 am to
Holy moly up almost 50%
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30523 posts
Posted on 1/13/21 at 9:32 am to
Mother of all short squeezes has begun
Posted by PierPunk
#BugaNation
Member since Apr 2013
3291 posts
Posted on 1/13/21 at 10:03 am to
Haters gonna hate


Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 1/13/21 at 10:31 am to
I sold this AM @ $22.... FML
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30523 posts
Posted on 1/13/21 at 10:36 am to
Nobody went broke over taking a profit baw. Don’t regret
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30523 posts
Posted on 1/13/21 at 10:36 am to
Where’s el gaucho? I know he was in this too
Posted by Old Money
Member since Sep 2012
36282 posts
Posted on 1/13/21 at 10:40 am to
Holy shite. We are up so much. What the frick happened
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30523 posts
Posted on 1/13/21 at 10:41 am to
Ryan Cohen has taken over the board of directors and initiated the short squeeze
Posted by Old Money
Member since Sep 2012
36282 posts
Posted on 1/13/21 at 10:44 am to
Thank you. Wild
Posted by Auburn80
Backwater, TN
Member since Nov 2017
7457 posts
Posted on 1/13/21 at 10:45 am to
Wow. Just looked at the current price. Some of y’all have done well. Congrats.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30523 posts
Posted on 1/13/21 at 10:48 am to
The short shares are 3x the available float. Meaning the entire available shares will all have to sell 3x to cover all the short shares. And all the short shares are deep underwater now, since most have been shorting since around $24 5 years ago. And this stock is heavily owned by retail investors who know this and are holding their shares, which is why it’s driving higher and higher. The potential gains on this when compared to short squeezes in the past (with less short interest compared to float) have been 10-20x. And this level of short interest is unparalleled. Literally has never happened before
This post was edited on 1/13/21 at 11:07 am
Posted by cgrand
HAMMOND
Member since Oct 2009
38606 posts
Posted on 1/13/21 at 10:54 am to
shares outstanding: 70MM
shares traded today so far: 70MM

Posted by BobRoss
Member since Jun 2014
1693 posts
Posted on 1/13/21 at 10:54 am to
I started from the beginning of the thread and thought, "Retards..." Then I checked today's price. I am the retard. Hell of a play Uppderdecker.
This post was edited on 1/13/21 at 10:55 am
Posted by MattA
Member since Nov 2019
1582 posts
Posted on 1/13/21 at 10:56 am to
quote:

Wow. Just looked at the current price. Some of y’all have done well. Congrats.



Same. Well done boys. Was checking this out a few weeks when looking at gaming/tech stocks. With the sheer amount of interest my kids and their friends have in the industry I def want to hop on board.

Between twitch and gaming that’s all these kids talk about. Sports not so much even though he plays. I know I’m late to the party but def see the future bright for the industry and need to figure smart ways in.
Posted by el Gaucho
He/They
Member since Dec 2010
52886 posts
Posted on 1/13/21 at 11:01 am to
I’m pissed I didn’t sell at +80 or whatever today lol
Posted by MrJimBeam
Member since Apr 2009
12235 posts
Posted on 1/13/21 at 11:02 am to
Yeah it hit 80% I believe around its peak
Posted by el Gaucho
He/They
Member since Dec 2010
52886 posts
Posted on 1/13/21 at 11:04 am to
Yeah I believed for so long and missed it lol

Is anybody gonna hold overnight or is this a today dump?
Posted by BobRoss
Member since Jun 2014
1693 posts
Posted on 1/13/21 at 11:04 am to
How much is this expected to skyrocket?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30523 posts
Posted on 1/13/21 at 11:07 am to
I don’t think we’re done. Maybe just for today

Looks like it found support at $32, basically middle bollinger band on the daily
This post was edited on 1/13/21 at 11:12 am
Posted by Eric Nies Grind Time
Atlanta GA - ITP
Member since Sep 2012
24932 posts
Posted on 1/13/21 at 11:11 am to
Impressed by anyone that has had the diamond hands with GME. I would have sold out way before I saw these types of gains. GJ folks
This post was edited on 1/13/21 at 11:12 am
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