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
$5 is the threshold for a penny stock.
There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
It had been under $5 for almost a year, started jumping around $7-10, then dropped back down when the market crashed. It was around $3. It started jumping around $7-10, and then this happened.
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
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.
$5 is the threshold for a penny stock. There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
Penny stocks are anything under $5.
It had been under $5 for almost a year, started jumping around $7-10, then dropped back down when the market crashed. It was around $3. It started jumping around $7-10, and then this happened.
I don't believe it ever dropped below $1.
It's a complex situation involving captive buyers. If you want to be part of history, buy a share and sell toward close on a Friday.
This is not financial advice, you may lose money, but this will be in text and history books.
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.
I made no comment on soundness, merely the facts of the stock movement.
Fundamentals are a moot point when dealing with a short squeeze.
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