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Who would have guessed that GME was the best stock to hedge market with?

Posted on 3/5/21 at 9:39 am
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 3/5/21 at 9:39 am
This post was edited on 3/5/21 at 9:44 am
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 3/5/21 at 9:42 am to
that and Dr Seuss books
Posted by Rendevoustavern
Member since May 2018
1548 posts
Posted on 3/5/21 at 11:13 am to
$GABC

Outside of a Jan board decision to initiate stock buy back program...I've been shocked.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
2856 posts
Posted on 3/5/21 at 12:03 pm to
Take a look at GME today compared to literally every other stock. Charts are exact opposites. I’m interested to know how much of this correction is a direct result of Reddit vs. Wall Street

eta: Its insane. The last 10 minutes, the entire market shifted down, GME shifted up.
This post was edited on 3/5/21 at 12:13 pm
Posted by LSUStjames
Member since Dec 2005
3473 posts
Posted on 3/5/21 at 4:03 pm to
I read a blog talking about how GME has an indirect effect on the entire market due to background forces keeping the true squeeze from happening. So many shorts have still failed to deliver.
Posted by greygoose
Member since Aug 2013
11461 posts
Posted on 3/6/21 at 7:59 am to
quote:

So many shorts have still failed to deliver.
Truth! Go back and look at the interest rate and changes on GME before the 1/28 spike. Then look at the current AMC rates, and the history.

LINK
Posted by Blackfield
Member since Jan 2010
451 posts
Posted on 3/7/21 at 11:45 am to
quote:

Truth! Go back and look at the interest rate and changes on GME before the 1/28 spike. Then look at the current AMC rates, and the history.


Can you translate this a bit for me? Are you saying that AMC is positioned even better than GME for a big spike as these interest rates increase? Basically are you saying the outlook for AMC is still strong and positive?
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