As an example, Volkswagen stock went through this same thing over a decade ago. It was heavily shorted, it jumped dramatically, then had a week or so of a huge fall because of the back and forth selling...then shot to the moon over a few days
I heard it could last until March. They have a neat trick to use options to reset the countdown until the squeeze but even that has to end at some point.
That is not the technique that are using, that is a technique used to make small movements in price by HFTs, it can't make a stock lose a quarter of its price, that takes another level of fraud like strategic failure to delivers.
GME was like a lot of people with pick forks doing a midnight raid on a gang of well armed criminals, they get a few of the criminals but then the criminals woke up and deploy heavy weapons that only they have.
People don't even understand how bad it really is. Hedge Funds literally have the ability to create shares fraudulently using strategic failure to deliver.
Some of the WSB guys understand a lot more than they give the impression of but they don't get how rigged things really are.
Hold the line should be really called hold the bag.
I agree in part, if you bought GME at 300+ you made a very poor choice. However the reason the media tried pushing silver and reddit said no is because the hedge funds put their safe stock in silver, they were trying to trick the masses to drive up silver to help bail out the hedgies. Reddit knew better and called the lie for what it was.
Don’t know why people are downvoting you. Ridiculous to buy in at $400 or even $200. The guys who bought in at $50 or $100 are the winners. Everyone else just got suckered along the way
you're only down if you sell
those are the facts!
Those GME stocks are a collectors item.
It seems these hedge funds have the power to deflate or inflate the value of any stock they want at any time.
they're just selling it back and forth with each other to drive it down.
As an example, Volkswagen stock went through this same thing over a decade ago. It was heavily shorted, it jumped dramatically, then had a week or so of a huge fall because of the back and forth selling...then shot to the moon over a few days
Apparently the shorts have until tomorrow before they are not allowed to continue on NYSE
Source?
I heard it could last until March. They have a neat trick to use options to reset the countdown until the squeeze but even that has to end at some point.
That is not the technique that are using, that is a technique used to make small movements in price by HFTs, it can't make a stock lose a quarter of its price, that takes another level of fraud like strategic failure to delivers.
GME was like a lot of people with pick forks doing a midnight raid on a gang of well armed criminals, they get a few of the criminals but then the criminals woke up and deploy heavy weapons that only they have.
Correct.
People don't even understand how bad it really is. Hedge Funds literally have the ability to create shares fraudulently using strategic failure to deliver.
Some of the WSB guys understand a lot more than they give the impression of but they don't get how rigged things really are.
Hold the line should be really called hold the bag.
I’m surprised no one in 4 Chan has hacked the stock exchange and digitally change the number like the vote machines
Too late, why do you think the stock went Down when the buys outnumbered the sells 5 to one? The riggers gonna rig
Dam shame
Don’t let your pride empty your wallet, reverse the strategy for a win
💪🦍
Apes STRONG TOGETHER
THESE 💎 💎 💎 Hands will never sell @ < 1000!
just get onto crypto dude, and not doge coin
I wouldn’t
Reddit vs hedge funds not my fight. I hope we all learn something from this
You're holding a bag mate, nothing more.
well. since i've now made over 10k. i'd say not
Diamond hands. I bought today.
you are an idiot.
espescially if you bought in AFTER this GME thing hit the front page of reddit.
notice how WSB is going out of their way to discourage the purchase of silver?
is it starting to add up now?
I agree in part, if you bought GME at 300+ you made a very poor choice. However the reason the media tried pushing silver and reddit said no is because the hedge funds put their safe stock in silver, they were trying to trick the masses to drive up silver to help bail out the hedgies. Reddit knew better and called the lie for what it was.
Wrong
I told my wife this. If you are getting on the trend 4 days after it started you’re a fucking moron.
Get in early and get out before people even know you made money
Every single post on WSB is about GME. They are just looking for bagholders at this point.
Don’t know why people are downvoting you. Ridiculous to buy in at $400 or even $200. The guys who bought in at $50 or $100 are the winners. Everyone else just got suckered along the way