Hedgefunds have been trying to push down GME for the past week with short ladder attacks (high frequency trading of the stock but at lower and lower prices to manipulate the price)
Hell yeah I’m still holding. I BOUGHT A LOT MORE. Someone shared info from a Bloomberg terminal from Feb, 5th which shows institutions hold 177% of the shares from the float (means we have at least a 77% short still on), those punks gotta buy back sometime!
The VW squeeze happened with only 12% short interest.
They keep saying the shorts covered and left, but I saw a report that the short position from melvin(?) wasn’t covered... it was SOLD bailed out) to another institution that is “bagholding” that awlful short position.
I have continuously, along with others, been EXPANDING my position. The more paper hands vomit, feel queasy, and run for the hills... the more I have added on. I started buying at $322. I now have 30 shares.
I LIKE THE STOCK! I think it might fly off at any moment, and if it doesn’t, I’ll be ok. I was a part of history. I’ve never seen them so scared and mad that we might render them irrelevant and bankrupt.
If I did not believe truly in this endeavor, I would not pinch all the pennies I can to keep expanding my position.
On February 9th, a report on short positions comes out, and then we shall see how naked the “emperor” is.
The VW squeeze happened because Porsche announced they now owned 74% of the shares, and only 6% were available to the public(12% shorted). That’s why the squeeze happened and it would have gone a lot higher is VW didn’t bail them out. I own GME as well, but it’s not like VW
I didn’t say it was the same. Who’s gonna sell below $2 or $3k? I’m not! It will squeeze if we tighten on them. And the limit is where we make it, collectively. It will keep squeezing till the last one is forced to cover their shorts.
If I recall correctly, the VW squeeze also played out through 3 days.
This is not the same, here we have 77% SI, and some very pissed off owners.
The dumb ones are. They've been manipulated. Either by their own at WSB who sold out by now, or manipulation from big market players in conclusion with the MSM, or both.
Some of WSB may or may not have cashed out at $300+.
Those who were in it primarily as an investment probably did, at least to an extent.
That said, we do know that Wall Street (presumably the hedge funds) have been doubling down on the short, and are now in for well over 200% of traded shares.
They're utterly, completely fucked.
They're so deep in the hole that they can't even see the top, and they keep digging. They're trying to kick the can down the road in the hopes that we'll get bored and wander off, or that the cavalry will save them.
So the status is unchanged: HODL.
This bitch is either going to go to the moon, or it's going to blow up on the launchpad.
Who wants to miss either outcome?
There are lots of mobys running around trying to get people to bail, crying about how we're going to lose money.
Which shows a fundamental disconnect. This is no longer about making money, and hasn't been for a long time.
They're also plugging distractions that will directly prop up the institutions we're trying to bankrupt (I'm looking at you, SLV.) This has been somewhat more successful. But nowhere near enough to save them.
If they hold the price down in your discretionary entertainment budget, buy a share. It's not an investment. It's a show. A passion play. A bonfire of the vanities. Buy the ticket. Watch the show. And give your own small "Fuck you!" to the oligarchs who think they own us.
Beats me.
The media certainly pulled out a lot of stops trying to create a run over the weekend, though.
It didn't work. But the attempt says there's not much confidence in keeping the scam going.
Quarterlies come out at the end of March. That's the hard deadline when the tide goes out and everybody sees who's naked.
But it is very unlikely to go that long.
All these sociopaths are facing a huge collective action problem in that the first to break, gets hurt least. Some aren't sunk as deep as others, and have a chance at survival if they bail first.
They're blaming each other for having gotten them into this mess, and I'm sure there are any number of desperation plays cooked up.
Things get worse under pressure. Time is not their friend.
Have some popcorn.
I’m not dumb. I’m a retarded ape, get it right, you Paper handed gay bear pussy! We shall see. He who laughs last, laughs best. I will come back to make you eat these words. At least I’m taking a principled stand. What have you done? Do you put your money where your mouth is?
What's going on with GME lately? Are they still holding?
Hedgefunds have been trying to push down GME for the past week with short ladder attacks (high frequency trading of the stock but at lower and lower prices to manipulate the price)
Hell yeah I’m still holding. I BOUGHT A LOT MORE. Someone shared info from a Bloomberg terminal from Feb, 5th which shows institutions hold 177% of the shares from the float (means we have at least a 77% short still on), those punks gotta buy back sometime!
The VW squeeze happened with only 12% short interest.
They keep saying the shorts covered and left, but I saw a report that the short position from melvin(?) wasn’t covered... it was SOLD bailed out) to another institution that is “bagholding” that awlful short position.
I have continuously, along with others, been EXPANDING my position. The more paper hands vomit, feel queasy, and run for the hills... the more I have added on. I started buying at $322. I now have 30 shares.
I LIKE THE STOCK! I think it might fly off at any moment, and if it doesn’t, I’ll be ok. I was a part of history. I’ve never seen them so scared and mad that we might render them irrelevant and bankrupt.
If I did not believe truly in this endeavor, I would not pinch all the pennies I can to keep expanding my position.
On February 9th, a report on short positions comes out, and then we shall see how naked the “emperor” is.
The VW squeeze happened because Porsche announced they now owned 74% of the shares, and only 6% were available to the public(12% shorted). That’s why the squeeze happened and it would have gone a lot higher is VW didn’t bail them out. I own GME as well, but it’s not like VW
I didn’t say it was the same. Who’s gonna sell below $2 or $3k? I’m not! It will squeeze if we tighten on them. And the limit is where we make it, collectively. It will keep squeezing till the last one is forced to cover their shorts.
If I recall correctly, the VW squeeze also played out through 3 days.
This is not the same, here we have 77% SI, and some very pissed off owners.
Any online brokerages that allow you to still buy without the fuckery?
Ameritrade, Fidelity.
Up on Friday a bit, the shorts have no been covered. Buy and Hold.
The dumb ones are. They've been manipulated. Either by their own at WSB who sold out by now, or manipulation from big market players in conclusion with the MSM, or both.
Some of WSB may or may not have cashed out at $300+.
Those who were in it primarily as an investment probably did, at least to an extent.
That said, we do know that Wall Street (presumably the hedge funds) have been doubling down on the short, and are now in for well over 200% of traded shares.
They're utterly, completely fucked. They're so deep in the hole that they can't even see the top, and they keep digging. They're trying to kick the can down the road in the hopes that we'll get bored and wander off, or that the cavalry will save them.
So the status is unchanged: HODL.
This bitch is either going to go to the moon, or it's going to blow up on the launchpad.
Who wants to miss either outcome?
There are lots of mobys running around trying to get people to bail, crying about how we're going to lose money.
Which shows a fundamental disconnect. This is no longer about making money, and hasn't been for a long time.
They're also plugging distractions that will directly prop up the institutions we're trying to bankrupt (I'm looking at you, SLV.) This has been somewhat more successful. But nowhere near enough to save them.
If they hold the price down in your discretionary entertainment budget, buy a share. It's not an investment. It's a show. A passion play. A bonfire of the vanities. Buy the ticket. Watch the show. And give your own small "Fuck you!" to the oligarchs who think they own us.
Beats me.
The media certainly pulled out a lot of stops trying to create a run over the weekend, though.
It didn't work. But the attempt says there's not much confidence in keeping the scam going.
Quarterlies come out at the end of March. That's the hard deadline when the tide goes out and everybody sees who's naked.
But it is very unlikely to go that long.
All these sociopaths are facing a huge collective action problem in that the first to break, gets hurt least. Some aren't sunk as deep as others, and have a chance at survival if they bail first. They're blaming each other for having gotten them into this mess, and I'm sure there are any number of desperation plays cooked up.
Things get worse under pressure. Time is not their friend.
Have some popcorn.
I’m not dumb. I’m a retarded ape, get it right, you Paper handed gay bear pussy! We shall see. He who laughs last, laughs best. I will come back to make you eat these words. At least I’m taking a principled stand. What have you done? Do you put your money where your mouth is?