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Started By
Message
re: Who else is tuned into gamestop?
Posted on 1/27/21 at 6:00 am to O P Walker
Posted on 1/27/21 at 6:00 am to O P Walker
That's funny.
0
Posted on 1/27/21 at 6:02 am to auggie
quote:
Some reddit people are manipulating stock prices of gamestop and driving it through the roof.
No hedge funds were manipulating a stock and got caught mid game by a bunch of redditors with their hand in the honey hole. Now they want govt to make the pain stop
Posted on 1/27/21 at 6:04 am to LSURep864
$bb and $AMC are doing the same thing this morning
Posted on 1/27/21 at 6:19 am to Jyrdis
I find the whole thing hilarious.
Apparently it is OK for institutional investors to short GameStop en masse but not OK for far more day traders to buy en masse.
Given that trading is mainly electronic today and not done by people in the pits, I don’t see why any requirement that the trading have to be done by a licensed broker should be required.
Apparently it is OK for institutional investors to short GameStop en masse but not OK for far more day traders to buy en masse.
Given that trading is mainly electronic today and not done by people in the pits, I don’t see why any requirement that the trading have to be done by a licensed broker should be required.
Posted on 1/27/21 at 6:30 am to teke184
The people calling to regulate retail investors and this and those calling to regulate free speech in the public square are one in the same. All under the guise of protecting us from “misinformation” and from our own selves. As if we are all retards who need Gaga and guard rails to go thru life. This storming of GameStop is the financial equivalent of the US capital event. It’s got them shook as frick and someone has to pay.
This post was edited on 1/27/21 at 6:49 am
Posted on 1/27/21 at 6:36 am to LSURep864
quote:
Everyone should tune in.
Maybe everyone should join in.
Posted on 1/27/21 at 6:47 am to Privateer 2007
quote:
Rooting for failure just seems Un-American.
Stay away from a lively craps table
Posted on 1/27/21 at 6:50 am to cwill
You would think . But for all those that buy short right now you have the big risk of it going even higher . As 2.7 billion was used to buy additional short shares yesterday I believe just from one hedge fund you had even Elon Musk come in and purchase long and told T-shirt’s to eat crap . This is a response to when they did that to him . Keep buying killing shorts . Eventually who ever holds shorts when the clock stops will make a fortune as it’ll fall to 5-10 dollars and probably put them out of business totally
Posted on 1/27/21 at 6:52 am to Dawgfanman
It seems both the right and left have teamed up here in all out effort to blow it up.
I’m staying out of it btw
I’m staying out of it btw
Posted on 1/27/21 at 6:54 am to Nosevens
This is the kind of thing that ends up in history books down the road.
I remember reading about some attempts to corner the market on some precious metals (gold?) in the late 1800s US where prices went out of control and someone eventually figured out that there wasn’t enough gold to cover all shares people claimed to hold.
IIRC, JP Morgan had to bail out some of the primary instigators of the attempt in order to get the market back to normal.
I remember reading about some attempts to corner the market on some precious metals (gold?) in the late 1800s US where prices went out of control and someone eventually figured out that there wasn’t enough gold to cover all shares people claimed to hold.
IIRC, JP Morgan had to bail out some of the primary instigators of the attempt in order to get the market back to normal.
Posted on 1/27/21 at 6:56 am to O P Walker
I just saw this about 30 minutes ago. I have no clue to the validity of the guys post but it was interesting reading to say the least. Enjoy!
TheGreatAwakeningdotWin
TheGreatAwakeningdotWin
Posted on 1/27/21 at 7:00 am to O P Walker
I just read where Steve Cohen is pumping $2 billion or so into the shorting hedge fund to prop them up.
The elites are rallying together.
The elites are rallying together.
Posted on 1/27/21 at 7:04 am to boosiebadazz
Someone is going to lose a LOT of fricking money by the end of this.
Only reason I think the minor buyers could blink is that by cashing out now they make a major profit on their investment. But it isn’t like they put a ton of money into this compared to all these hedge funds and investment whales. They are hoping to hold out before the call is put in and all outstanding shorts have to be settled.
I think Big Hedge Fund is too to be left holding the bag and this is going to cause a major shot storm.
Only reason I think the minor buyers could blink is that by cashing out now they make a major profit on their investment. But it isn’t like they put a ton of money into this compared to all these hedge funds and investment whales. They are hoping to hold out before the call is put in and all outstanding shorts have to be settled.
I think Big Hedge Fund is too to be left holding the bag and this is going to cause a major shot storm.
Posted on 1/27/21 at 7:35 am to teke184
quote:
Someone is going to lose a LOT of fricking money by the end of this.
I saw several people on Twitter saying they know nothing about trading but were buying volume at $155
Those are the people that are going to take the elevator back down to $20. Whoever gets caught holding on when the squeeze ends is gonna get wrekt
Posted on 1/27/21 at 7:37 am to O P Walker
Posted on 1/27/21 at 7:41 am to ClampClampington
Those people are idiots unless they sell when it gets to about $500 or so later today.
With such a high buy in they need to sell early to lock in a profit.
With such a high buy in they need to sell early to lock in a profit.
Posted on 1/27/21 at 7:48 am to OBReb6
quote:
It should also be noted that GameStop is a company quickly becoming obsolete and going the way of blockbuster. So yeah the assholes on wallstreet have been shorting the frick out of it and this has been hilarious to watch. The age group of the subreddit probably has a soft spot of nostalgia for GameStop which adds to their drive.
This. My uncle owns a couple of video game stores. he said more and more games are going the way of downloadable vs hard copies bought is a brick and mortar store. he was surprised sales went up due to covid lockdowns, but that was people trying to keep their kids busy im sure.....
but eventually everything will go to downloadable or playing off a server.
Posted on 1/27/21 at 7:50 am to Beast Rabban
Good read. I had to stop and point out this quote. Made me
quote:
Citron (I'm no expert in language but I'm pretty sure it's properly pronounce by keeping your teeth closed and only moving your lips.)
Posted on 1/27/21 at 8:08 am to Nado Jenkins83
Posted on 1/27/21 at 8:10 am to Kingpenm3
quote:
Set to open @ 250 This morning!!!!!
i'm now suffering from FOMO now.
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