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re: So I bought some Gamestop(GME)

Posted on 1/27/21 at 12:30 pm to
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/27/21 at 12:30 pm to
It was posted earlier but latest short was basically same as end of DEC.

Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13936 posts
Posted on 1/27/21 at 12:32 pm to
That is sexual. Hope it is accurate.
Posted by sonoma8
Member since Oct 2006
7673 posts
Posted on 1/27/21 at 12:37 pm to
Im curious if there will be a massive sell off Friday
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
18355 posts
Posted on 1/27/21 at 12:39 pm to
I'm watching the Chamath interview now. He's taking a huge shite on CNBC
Posted by KamaCausey_LSU
Member since Apr 2013
14617 posts
Posted on 1/27/21 at 12:41 pm to
quote:

Im curious if there will be a massive sell off Friday


If r/WSB is correct, on Friday some of the shorts will be forced to close their positions. Essentially market buying enough to cover. Friday could be explosive.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/27/21 at 12:42 pm to
Posted by MrJimBeam
Member since Apr 2009
12403 posts
Posted on 1/27/21 at 12:42 pm to
quote:

If r/WSB is correct, on Friday some of the shorts will be forced to close their positions. Essentially market buying enough to cover. Friday could be explosive.


Hopefully the government doesn't eff it up for everyone.
Posted by sonoma8
Member since Oct 2006
7673 posts
Posted on 1/27/21 at 12:46 pm to


quote:

Friday could be explosive


Im guessing thats a good thing?
Posted by Jag_Warrior
Virginia
Member since May 2015
4136 posts
Posted on 1/27/21 at 12:46 pm to
quote:

My question is what can happen after hours? I am okay with taking profits before the end of today, but is it possible to have a huge dropoff after hours? What can cause that?


Sure. It can pop or dive AH. I’m not being a smart arse, but it’s simply a matter of more sellers (selling volume) than buyers. AH is much more thinly traded and the spreads are typically wider, so the swings can be more dramatic. What happens AH and pre-market may (or may not) carry over into the next session.

Only you know how strong of a hand you have. But realize that you’re playing with a stock that has 500%+ implied volatility and a 100% IV rank. What does that mean? Means that 0% of the time is GME more volatile than it is right now. Tread carefully. Anything could happen.
Posted by boomtapp
Houston, Tejas
Member since Nov 2007
670 posts
Posted on 1/27/21 at 12:57 pm to
Seems we've calmed down for a bit navigating between 320 and 330 for a while.

Can I go grab lunch?!
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/27/21 at 1:06 pm to
quote:

Im curious if there will be a massive sell off Friday

Another gamma squeeze friday if all the option calls expire in the money like they did last Friday!
Posted by KickPuncher
Member since Jun 2020
754 posts
Posted on 1/27/21 at 1:07 pm to
quote:

jimbeam
You see why the m'fers are shaking in their boots. Still a bunch of money left on the table and we about to be $500 with not much changing in the % of float short.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35573 posts
Posted on 1/27/21 at 1:09 pm to
I’ve said it before and I will say it again:

I LIKE THE STOCK
Posted by xenythx
Member since Dec 2007
32433 posts
Posted on 1/27/21 at 1:10 pm to
quote:

Seems we've calmed down for a bit navigating between 320 and 330 for a while.

Can I go grab lunch?!


I want to take a shower, but don't want to miss anything.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13936 posts
Posted on 1/27/21 at 1:10 pm to
What app/site are you using to see the short %?
Posted by barbapapa
Member since Mar 2018
3241 posts
Posted on 1/27/21 at 1:13 pm to
I’m in. Fashionably late arrival
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35573 posts
Posted on 1/27/21 at 1:18 pm to
LFG
Posted by nopants
Luling, La
Member since Aug 2006
886 posts
Posted on 1/27/21 at 1:20 pm to
bought a couple for the luls - this is too entertaining to miss
Posted by Navajo61490
Baton rouge
Member since Dec 2011
6717 posts
Posted on 1/27/21 at 1:20 pm to
In at 340 thanks to FOMO. Let’s see what this is all about.

Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/27/21 at 1:22 pm to
LINK

LINK

couple clips from chamath earlier if anyone missed it

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