Reading what? Also, IIRC he's a board member of Gamestop so it would be unusual if he didn't have a ton of stocksAm I reading this right? Does Reggie really have 33K shares with GME?
GME should keep rising from tomorrow on ad infinitum until all the shorts are taken care of, which won't happen soon, as long as people hold onto their shares.So is the GME wave over or should people get in at the current price if they can?
They have to buy tomorrow and next few days. They are fighting against the inevitable. They are trying to drop the price today so that people panic sell and they cut their losses by billions. People holding onto the shares from tomorrow will drive up the price because they HAVE TO BUY, whatever price it's at.With volumes going down, since many people are prevented from buying stocks, is there even a chance to push or defend against drops tomorrow?
Amc is dropping quick. Its $9.01 and still dropping. People dumping it? So when is a good time to buy?
So is the GME wave over or should people get in at the current price if they can?
What this about doge? Why is that worthless getting pumped and how far can it go
Been holding onto a LOT of it since 2014, so this has me more interested than GME.What this about doge? Why is that worthless getting pumped and how far can it go
Unless he thinks this is going to be going on forever I don't see what the problem isMy dad is upset about this because all this irregularities caused his unrelated stocks to go down lol.
Leon Cooperman on GameStop Reddit speculators: 'I'm not damning them' but it will 'end in tears'
Yeah I told him that, just makes me laugh over how volatile the market is.Unless he thinks this is going to be going on forever I don't see what the problem is
Lol of course
for some sure, but there are a lot of wsb people are just using money they would spend on vacations and are having fun.
This seems reasonable. A bit surface level only of the whole situation though.
I hate this shit because yes, people can go into a casino and put their life savings on roulette and end up devastated. There's still plenty of people who roll up the casino with the amount of cash they don't mind losing and seeing if luck is on their side or not. In any and every form of risk that relates to money, there are uninformed people, informed people, risk averse people, risk taking people, and people just doing things for speculation or fun. So the whole "there will be tears" talk is useless because we all know this. Everyone is either in or out for various reasons, but we all have our agency and due diligence is on us.
Man I'm trying to get an account to by some GME cause now I'm pissed and need to spend the misely 100 I got to stick it to the man a bit! Fidelity keeps shitting the bed like crazy and Webull is taking a while is there anywhere else to go?
Possibly for people coordinating on Reddit although I have my doubts. Randos who didn't post should be perfectly fine.are there potential legal ramifications on jumping into this? is this considered manipulating the market, a bunch of people banding together to force a short squeeze?
I mean a bunch of apps blocking stock trades to protect their parent companies positions. my guess is the trading companies are the ones that are gunna need to expkain themselves given how public this was.are there potential legal ramifications on jumping into this? is this considered manipulating the market, a bunch of people banding together to force a short squeeze?
LOL no. No one's going to care about you making a tiny bit of moneyare there potential legal ramifications on jumping into this? is this considered manipulating the market, a bunch of people banding together to force a short squeeze?
That guy's an asshole but he isn't wrong. A lot of people pumping money in are putting in way too much and have no clue what they are doing. This thing is going to plummet back down to $5 eventually.I hate this shit because yes, people can go into a casino and put their life savings on roulette and end up devastated. There's still plenty of people who roll up the casino with the amount of cash they don't mind losing and seeing if luck is on their side or not. In any and every form of risk that relates to money, there are uninformed people, informed people, risk averse people, risk taking people, and people just doing things for speculation or fun. So the whole "there will be tears" talk is useless because we all know this. Everyone is either in or out for various reasons, but we all have our agency and due diligence is on us.
unlikely, its still over 200. this feelis like public pressure and legal threats forced their hand.So the stock got low enough for the hedge funds to get out of their hole?
It's not that low.So the stock got low enough for the hedge funds to get out of their hole?
I think he's right (in my not at all expert opinion). No one thinks GME is worth anywhere near this much. It'll come down eventually, and some people will be left holding shares that are worth way less than what they bought them for if they can't sell their shares in time. That's why multiple people here are emphasizing not to spend any money in this that you can't afford to lose almost entirely. Don't pull out important savings to buy this. It's not worth the risk.
Guess who didn't pump money into it? 👋That guy's an asshole but he isn't wrong. A lot of people pumping money in are putting in way too much and have no clue what they are doing. This thing is going to plummet back down to $5 eventually.
Yeah but it's no where near where the hedge funds wanted it to be. Even before the raise.
are there potential legal ramifications on jumping into this? is this considered manipulating the market, a bunch of people banding together to force a short squeeze?