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The Reddit GME pump was a TACTIC, not a STRATEGY.
Posted on 2/2/21 at 5:36 pm
Posted on 2/2/21 at 5:36 pm
What we learned from the GME pump episode is that the internet allows for a large group of retail investors to band together and essentially crowd-source a large enough pool of capital that - with great enough numbers - retail can essentially act like a hedge fund. This is a TACTIC. However, pumping a fundamentally unsound nostalgic brick and mortar video game store to the moon was not a good STRATEGY, and was always going to lead to the stock eventually returning to its actual value.
The way forward is to apply WSB's TACTIC to better strategic ends.
What I am trying to say is, everybody needs to go long SLV.
The way forward is to apply WSB's TACTIC to better strategic ends.
What I am trying to say is, everybody needs to go long SLV.
12
Posted on 2/2/21 at 5:38 pm to T1gerNate
It’s going to lead to more regulation that will ultimately hurt regular investors.
Posted on 2/2/21 at 5:40 pm to Man4others
quote:
It’s going to lead to more regulation that will ultimately hurt regular investors.
Absolutely.
I mean, now WSB has 5 million members and they can easily follow where the shorts are and then overrun the stock to drive the price up for a quick gain. No way is that allowed going forward.
Posted on 2/2/21 at 5:41 pm to Man4others
When retail investors group together to go “long” on something and it shoots up 800% inna week they are going to sale because its life changing money to many retail investors
Posted on 2/2/21 at 5:46 pm to T1gerNate
Shut up
Posted on 2/2/21 at 5:46 pm to T1gerNate
I believe it started as a smart tactic by u/dfv and members of the sub trying to force a short squeeze And make money. last week when it turned into a Twitter/Instagram meme and every college kid who knows nothing but buy low/sell high jumped on board it was destined to collapse quicker than everyone thought.
That’s the issue with memes. For a few days it’s all anyone talks about and then it is forgotten. Although there has been some fishy things going on if you look at the volume sold/bought each day. RH not allowing fractional shares still also kept it down even when they lifted max shares to 100
That’s the issue with memes. For a few days it’s all anyone talks about and then it is forgotten. Although there has been some fishy things going on if you look at the volume sold/bought each day. RH not allowing fractional shares still also kept it down even when they lifted max shares to 100
Posted on 2/2/21 at 5:48 pm to StringedInstruments
quote:
they can easily follow where the shorts are and then overrun the stock to drive the price up for a quick gain. No way is that allowed going forward.
I agree but the regulation should be on the hedge fund side. They shouldn’t allow a company to be shorted 140%. It’ll come down on retail though I’m sure. That’s how it works.
Posted on 2/2/21 at 5:51 pm to T1gerNate
quote:
was not a good STRATEGY
given that there weren't enough shares to cover the shorts, you're wrong bro. THAT was the real strategy, not just pumping the value
quote:
and was always going to lead to the stock eventually returning to its actual value.
nobody thought GME would stay that high forever.
Posted on 2/2/21 at 5:52 pm to Vinny V
quote:
That’s the issue with memes. For a few days it’s all anyone talks about and then it is forgotten.
the ONLY reason this stopped so suddenly was because of severe market manipulation by the clearing houses, trade firms, etc.
now, was it a bubble? yes, but that doesn't mean the squeeze wouldn't have worked without the manipulation
Posted on 2/2/21 at 5:53 pm to T1gerNate
I’m not convinced the retail investors really have the power to pump a stock to that levels, and my guess is that Wall Street took advantage of the phenomenon, and was more likely to sell high, while these retail investors manipulated into thinking they are victims and are now fighting back as last of some “cause” are going to be the bag holders.
Posted on 2/2/21 at 5:55 pm to SlowFlowPro
quote:It probably stopped suddenly because the smart ones got out when it became national news (sell the news). The entire thing was inevitable and unsurprising, and I doubt it required or was a result of manipulation, other than the manipulation that made people think they were part of some cause.
the ONLY reason this stopped so suddenly was because of severe market manipulation by the clearing houses, trade firms, etc.
Posted on 2/2/21 at 6:00 pm to T1gerNate
I had my gains in gme and amc and got burned on bb but came ahead overall. I’m done playing with fire
Posted on 2/2/21 at 6:09 pm to buckeye_vol
quote:
It probably stopped
Stopped reading here. There is no “probably”.
Posted on 2/2/21 at 6:13 pm to 13SaintTiger
quote:Well if you ready further you would have noticed the “probably” referred to the probable cause of the stoppage, not whether it stopped or not.
Stopped reading here. There is no “probably”.
Posted on 2/2/21 at 6:14 pm to T1gerNate
The big funds will also get more creative in dictating the market and their funds. They saw what that kind of hysteria could do and will use it to their advantage. That, along with regulation, will make it really hard for retail gamblers to hit big in the short term unless they're perfect in their pull out game.
Posted on 2/2/21 at 6:16 pm to T1gerNate
quote:
What I am trying to say is, everybody needs to go long PSLV
Fify
Posted on 2/2/21 at 6:19 pm to SlowFlowPro
quote:
the ONLY reason this stopped so suddenly was because of severe market manipulation by the clearing houses, trade firms, etc.
But the squeeze was over before that. The buy restrictions ultimately stopped regular folks from losing more money than they already had.
By the time JaRule is weighing in, the squeeze is over. It’s just retail buying from retail yet thinking they’re squeezing hedge funds at that point.
Posted on 2/2/21 at 6:22 pm to slackster
quote:Nah. It had insane momentum Thursday premarket, before all that went down and killed everything. Would have been interesting to see how high it would have gone.
But the squeeze was over before that. The buy restrictions ultimately stopped regular folks from losing more money than they already had.
Posted on 2/2/21 at 6:25 pm to slackster
quote:
But the squeeze was over before that. The buy restrictions ultimately stopped regular folks from losing more money than they already had.
the fact that you truly believe this thoThis post was edited on 2/2/21 at 6:26 pm
Posted on 2/2/21 at 6:28 pm to castorinho
quote:
Nah. It had insane momentum Thursday premarket, before all that went down and killed everything. Would have been interesting to see how high it would have gone.
Dude keeps saying it was over before Thursday but Thursday at 0950 GME got up to $468 and not a minute late brokers started halting buys. But it was over and just retail trading against retail.
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