...now at $285, and struggling insanely hard to avoid dropping back down to this morning's low (so far) of $250.
The brief rise is the dead-cat bounce from the last-minute lemmings who cued in on the LinkedIn and CNBC coverage this morning, so if you ever needed a last-minute warning, this is likely it.
I bet the floor will drop out from under it by noon.
it wasnt because of reddit that moron fucked up. He chose to short GME on a Christmas season where literally the only thing kids can do is play video games. Short interest on any stock is public information.
Its a good story to say the people beat some wall street fat cat though lol
Their Q4 earnings don't come out in Q4. Their Q3 earnings were whatever. Had nothing to do with that. It was the response to the shorts that caused the short squeeze.
If you are going to be forced to buy every share of a stock on a certain date regardless of price, you damn sure don't let anyone know about it or they will just run up the price for when you are forced to buy it.
This isn't market manipulation and it isn't rocket science, it's just one stupid faggot bragging about how smart he is(n't).
i agree talking about it just made it all worst. but honestly, shorting a volatile stock on the time of year where they make all their profits is retarded to begin with lol
Some moron hedge fund manager told everyone of his plan to short GME, which has low float and Reddit saw it and caused a short squeeze.
Gamestop stock has gone from $4 flat to $140+ as hedge fund managers and internet trolls are waging war against each other.
https://finance.yahoo.com/quote/GME
Shit it just blew up to $300 when the market just opened.
Now Robinhood and TD app are down.
My Robinhood app works fine. Was a little slow on the open this am tho. Like 40 bucks slow on buying GME.
Go Charles Schwab
What. It was $150 yesterday. Lol. Lot’s of firms and funds on wall street are going to go belly up when their shorts are due on Friday.
He who sells what isn’t hizen buys it back or goes to prison.
It's currently at $310
Gamers: "Hey, this is even easier than Minecraft!"
Brokers: "You can't just manipulate the market like we do. I mean, you aren't skilled enough to do that sort of ..."
Gamers: "Stocks go BRRRR"
I actually had a broker try to tell me something like that early in the Dot.com boom when I was moving my account to E-Trade.
I really like your explanation. Thank you
this is one of the most glorious events i've seen. this is the january 6th of stock markets!
I like to think this is how things really work.
...now at $285, and struggling insanely hard to avoid dropping back down to this morning's low (so far) of $250.
The brief rise is the dead-cat bounce from the last-minute lemmings who cued in on the LinkedIn and CNBC coverage this morning, so if you ever needed a last-minute warning, this is likely it.
I bet the floor will drop out from under it by noon.
It's $374 now, you were wrong.
Haha. You have no idea what you are talking about and should really rethink what you know about the world.
😳
Nah regular joes, who work 9 to 5s, who invest are waging war against hedge fund managers who are shorting stocks. Get it right.
The war against the rich has broken out into the stock market. It's fucking glorious.
The war against Globalists is what is breaking out.
It's not a war against the rich, because their are some rich people in on the game. It is Populists against the Wall Street Swamp
this is fucking hilarious and glorious for once i'm so proud of gamers
Battletoads
no one remembers how insanely hard that game was.
I fucking remember.
That was some top tier trolling. They had game footage and everything.
lmao love it hope the hedge fund managers lose billions
it wasnt because of reddit that moron fucked up. He chose to short GME on a Christmas season where literally the only thing kids can do is play video games. Short interest on any stock is public information.
Its a good story to say the people beat some wall street fat cat though lol
Yeah but GME is shitty business. So its understandable.
That is why everyone is shocked. 100%+ for GME?
Well, 6,500% over the past six months, 100% today.
I saw something it was a penny stock, 40 cents.
But when I looked at the history chart its low seemed to be $4.
Am I missing something? Read an article a reddit dude Is multimillionaire as a result.
that doesnt mean its fundamentally sound. Its gone down in EPS over the past three years. And I mean HUGE. Its not even a joke how much its gone down.
eh short spikes in stocks are not much to do with the business model as a whole. the guy is just stupid to decide to short during xmas season
Look at that P/E tho
Their Q4 earnings don't come out in Q4. Their Q3 earnings were whatever. Had nothing to do with that. It was the response to the shorts that caused the short squeeze.
The short wasn't the mistake.
The mistake was talking about it.
If you are going to be forced to buy every share of a stock on a certain date regardless of price, you damn sure don't let anyone know about it or they will just run up the price for when you are forced to buy it.
This isn't market manipulation and it isn't rocket science, it's just one stupid faggot bragging about how smart he is(n't).
i agree talking about it just made it all worst. but honestly, shorting a volatile stock on the time of year where they make all their profits is retarded to begin with lol
4chan was also on it and they all had the price target of $1488
Not only that, but the short was over 100% of available stock.