Shit, at this point, it's worth it to buy a single share and pay the extra for a physical certificate to frame. Souvenir time, and diamond hands holding on the wall in a frame.
It hit 95 this morning. If you bought yesterday below 50 when the shorts were driving the price down buying MORE PUTS, you could have doubled your money selling this morning.
May I ask why people are still even buying it? From the outside in, it appears the shorts were already damaged. Now people just buying a way overvalued stock because it's trendy?
When reported SI to FINRA is disclosed in the report on the 9th, we'll be able to deduce if the funds were squeezed, or if that was a FOMO spike, or a combination.
Right now, FINRA is reporting 250+ SI - but that's from Jan 15th reports from the funds.. and since that was before the spike, I have no doubt that people were shorting it more at $30 because it was overvalued.
IMHO, what we don't know is, as the stock as declined from it's peak, and DTCC volatility fees throwing water on retail traders using small brokers like RH - if the funds were able to use the steady decline to back out of shorts and use the volatility to delta hedge their losses...
It’s called a short squeeze. As of last night, the market has shorted 20% more GME than is available to trade. The short short side has to literally buy more stock than they can to settle up. This can possibly force them to offer astronomical sums of money to unwind their position.
Meta-meta spez: Seems the MSM narrative is gonna be "Oh, those poor, poor naïve individual investors - we must protect them!"
Here's where I got that (from the quoted article:
Many financial professionals had warned the rally could not last forever. Still, lawyers said their phones have been ringing with GameStop shareholders hoping to recoup losses.
JUST REMEMBER, THERE IS NOT A SINGLE INSTITUTION IN OUR COUNTRY THAT HAS NOT BEEN COMPROMISED BY THE DARKNESS. THANK YOU, PRESIDENT TRUMP, FOR SHOWING IT ALL TO US.
Funny how they keep halting trading when it's rising, but if it drops 50%, that's totally cool. I'm holding 100 bucks worth, and I ain't selling. Fuck it.
I bought in at around $300 a share. I should have been smarter since it was being talked about on the news. I should have realized there was no way the hedge funds were going to lose this "battle". Now I'm holding the bag but at least I didn't put too much into it. Lots of people lost their ass.
Got 400 shares at the very end of July for just over $4 per share. Used my stimulus check lol. Figured with the big games and new consoles coming out it would go up and I'd sell around $20 a share. I forgot all about it because of the election until the whole wall street bets shit went down.
I'm still holding lol. Could have made a shit load if I sold at $500. I was up around $200,000 off a $1,000 investment in 6 months. Setting at $28,000 worth now, but I'll let it fall to zero before I sell to these hedge funds!
Just like when ballot counting stopped in the middle of the night
Currently sitting at $70.15. I bought 1 share at open. Just for fun. I'm rolling in da dough lol. Covfefe coffee on me, boys.
💎🙌🏽
Shit, at this point, it's worth it to buy a single share and pay the extra for a physical certificate to frame. Souvenir time, and diamond hands holding on the wall in a frame.
The fix is in for sure but this is not proof. Circuit breakers like this get tripped all the time for 5 minute breaks. It's SEC rules.
I didn’t know that was an SEC rule. It’s odd that they didn’t get tripped this week when the price plummeted.
They did trip those breakers on the way down as well.
The fraud lies with the brokerages and the hedge funds they lent out stock to.
Not with preset rules like these.
Easy to see why its alarming though.
It did. Twice.
Ya it did
The fix was always in. WSB declared war on the establishment. You didn't think they'd just let it happen, I'm sure.
Feb 05 PUTS expire today at the close. This afternoon should be interesting.
Good. Holding til the cows come home.
I bought a few shares this morning. This problem isn't going away for the shorts any time soon. They're just refinancing debt trying to buy time.
They said the same thing last friday and nothing happened
It hit 95 this morning. If you bought yesterday below 50 when the shorts were driving the price down buying MORE PUTS, you could have doubled your money selling this morning.
When a stock rises or falls fast it will be automatically halted.
Yeah, people are really fucking clueless.
Stocks always do this? Up and down
Did we thank them when they halted GME all the times it was dropping hard and they halted it?
People were.making their money back. Can't have that...
Standard circuit breaker, yes the fix was in but that happened with DTCC last week.
That looks like shorts closing their positions, likely funds that went short when it was around $300.
May I ask why people are still even buying it? From the outside in, it appears the shorts were already damaged. Now people just buying a way overvalued stock because it's trendy?
Feeding frenzy? The get rich quick crowd running in, because they heard someone got rich quick?
FOMO sentiment, maybe?
When reported SI to FINRA is disclosed in the report on the 9th, we'll be able to deduce if the funds were squeezed, or if that was a FOMO spike, or a combination.
Right now, FINRA is reporting 250+ SI - but that's from Jan 15th reports from the funds.. and since that was before the spike, I have no doubt that people were shorting it more at $30 because it was overvalued.
IMHO, what we don't know is, as the stock as declined from it's peak, and DTCC volatility fees throwing water on retail traders using small brokers like RH - if the funds were able to use the steady decline to back out of shorts and use the volatility to delta hedge their losses...
It’s called a short squeeze. As of last night, the market has shorted 20% more GME than is available to trade. The short short side has to literally buy more stock than they can to settle up. This can possibly force them to offer astronomical sums of money to unwind their position.
To the moo... not so fast, retard.
Preowned 4 for $20 sale, today. Of course it did.
I hope this is a giant RED PILL
MSM is saying otherwise: https://www.cnbc.com/2021/02/05/robinhood-gamestop-trading-restrictions-lifted-with-other-stocks.html
...which likely explains why it rocketed back up so quickly.
Meta-spez: it seems to be rather volatile at the moment, going back down a touch to $68
Meta-meta spez: Seems the MSM narrative is gonna be "Oh, those poor, poor naïve individual investors - we must protect them!"
Here's where I got that (from the quoted article:
...it was never about profit-taking.
JUST REMEMBER, THERE IS NOT A SINGLE INSTITUTION IN OUR COUNTRY THAT HAS NOT BEEN COMPROMISED BY THE DARKNESS. THANK YOU, PRESIDENT TRUMP, FOR SHOWING IT ALL TO US.
[email protected] "the fix"
Retards doing nothing but making Wall St. more money.
Still hodling
Funny how they keep halting trading when it's rising, but if it drops 50%, that's totally cool. I'm holding 100 bucks worth, and I ain't selling. Fuck it.
It was a circuit breaker halt. Happens every day on volatile stocks.
I bought in at around $300 a share. I should have been smarter since it was being talked about on the news. I should have realized there was no way the hedge funds were going to lose this "battle". Now I'm holding the bag but at least I didn't put too much into it. Lots of people lost their ass.
Another red pill, sir?
Are they going to do that 25 days in a row??? Will that change to overall outcome???
Got 400 shares at the very end of July for just over $4 per share. Used my stimulus check lol. Figured with the big games and new consoles coming out it would go up and I'd sell around $20 a share. I forgot all about it because of the election until the whole wall street bets shit went down.
I'm still holding lol. Could have made a shit load if I sold at $500. I was up around $200,000 off a $1,000 investment in 6 months. Setting at $28,000 worth now, but I'll let it fall to zero before I sell to these hedge funds!
BURN IT ALL DOWN!
It always was.
It’s a club, and we ain’t in it.
I'm still holding on to mine. I either lose it all or make a little change. I only bought 4 shares.
Meh, let all those liberal losers on reddit get all their money stolen. It might even redpill them.
WSB retards are the biggest patriots I've ever met. They're single handily taking down pedocrat supporting hedge funds.
Toobin is that you?
If they were worth watching, you wouldn't have to ask.
No.