thats my understanding as well. obviously, DON'T INVEST ANYTHING in GME that you don't plan on losing, don't be like the retarded social justice crowd. i consider buying my 1 share charity at this point. if it goes parabolic, i'll sell then. otherwise, i'm just enjoying watching hedge funds bleeding interest.
Bought 3 shares yesterday on pretty much the same idea.
As far as I can tell, the biggest potential curve balls are GME deciding to offer new shares, and GME going bankrupt. Guessing they're not going bankrupt with their share price up in the clouds. I'm guessing they're also aware of the wrath they would face if they offered new shares the hedge funds could buy to cover their shorts.
yea, its so murky. all i knows is, it was working hence why they shut down selling on robinhood on the 28th. and that gamestop is still 120% shorted. so yea, the original shorters probably got out, but they or other hedgies or day traders placed new shorts higher. which if we keep holding, the sheer lol factor of seeing gamestop at $300 is worth it alone. Hedgies and assholes losing millions in interest each week: priceless.
I'm curious to see what international interest does to the situation. At this point, there's potential that foreign governments might throw money at it in either direction.
If a foreign government wanted to mess with wall street, they could bid GME higher. If they wanted to contribute to the social unrest in the US, they could try playing games to get GME to tank.
interesting, theres definitely more behind the scenes going on too. definitely seems like bad interests pumping up gamestop hoping it will crash. so at this point, we have to hold. AND PLEASE PEDES, DO NOT INVEST ANYTHING THAT YOU CANNOT AFFORD TO LOSE IN GME! THIS IS NOT AN INVESTMENT!
What I'm wondering is why such large short positions can exist on Wall Street. I'm aware there have been major short squeezes in the past on other stocks, but how did this one not get started by another hedge fund before the WSB crowd noticed? It seems like natural market forces would have eliminated such situations long ago. Hedge funds would/could just monitor short positions and when any started getting too big, they'd shuffle around their billions to squeeze a bit and that would end the situation and someone would make some money.
Makes me wonder if the good old boys have some unwritten rules in the club, but that kind of coordination would be illegal so I'm sure they would never ever ever do such a thing.
Except if they decided to offer new shares they can set their own price. $500... $1000. All it does it push them to buy at already higher than current market value and WSB still gets to cash out
Buy and hold. It burns their money each day and one day, they will have to go and buy to close their positions.
thats my understanding as well. obviously, DON'T INVEST ANYTHING in GME that you don't plan on losing, don't be like the retarded social justice crowd. i consider buying my 1 share charity at this point. if it goes parabolic, i'll sell then. otherwise, i'm just enjoying watching hedge funds bleeding interest.
Bought 3 shares yesterday on pretty much the same idea.
As far as I can tell, the biggest potential curve balls are GME deciding to offer new shares, and GME going bankrupt. Guessing they're not going bankrupt with their share price up in the clouds. I'm guessing they're also aware of the wrath they would face if they offered new shares the hedge funds could buy to cover their shorts.
yea, its so murky. all i knows is, it was working hence why they shut down selling on robinhood on the 28th. and that gamestop is still 120% shorted. so yea, the original shorters probably got out, but they or other hedgies or day traders placed new shorts higher. which if we keep holding, the sheer lol factor of seeing gamestop at $300 is worth it alone. Hedgies and assholes losing millions in interest each week: priceless.
I'm curious to see what international interest does to the situation. At this point, there's potential that foreign governments might throw money at it in either direction.
If a foreign government wanted to mess with wall street, they could bid GME higher. If they wanted to contribute to the social unrest in the US, they could try playing games to get GME to tank.
interesting, theres definitely more behind the scenes going on too. definitely seems like bad interests pumping up gamestop hoping it will crash. so at this point, we have to hold. AND PLEASE PEDES, DO NOT INVEST ANYTHING THAT YOU CANNOT AFFORD TO LOSE IN GME! THIS IS NOT AN INVESTMENT!
Not a financial one, anyway.
What I'm wondering is why such large short positions can exist on Wall Street. I'm aware there have been major short squeezes in the past on other stocks, but how did this one not get started by another hedge fund before the WSB crowd noticed? It seems like natural market forces would have eliminated such situations long ago. Hedge funds would/could just monitor short positions and when any started getting too big, they'd shuffle around their billions to squeeze a bit and that would end the situation and someone would make some money.
Makes me wonder if the good old boys have some unwritten rules in the club, but that kind of coordination would be illegal so I'm sure they would never ever ever do such a thing.
Except if they decided to offer new shares they can set their own price. $500... $1000. All it does it push them to buy at already higher than current market value and WSB still gets to cash out
Assuming there's no shady backdoor deals.
But the GME folks are probably aware that there will be hell to pay if they screw over the WSB crowd that saved them.
This is the way
I bought one, expecting to lose, I'll buy one more next week.
Any hint on when that day is?
IāM NEVER SELLING
HOLD HOLD HOLD šš TO THE MOON ššš
HOLD MY BROTHERS HOLD
I know one idea is to hold almost a year. I want the Hedgies to have to show losses EACH QUARTER to their clients. HOLD.