Hah, catching falling knives is easy when you have💎🙌
Hah, catching falling knives is easy when you have💎🙌
Have you been looking at charts over the past few days? GameStop had relatively low volume (during this time trading was also limited on GME across multiple brokages). Even the bid ask and prices going back and forth and the quantity at each of those incremental prices looked strange. This is just what I've been observing after it was pointed out.
What are you basing any of this on? You can't just say "not financial advice" and then drop a list of stocks out there that are "smart" to invest in.******NOT A FINANCIAL ADVISE*****
Do. NOT. Fall. For. Bull. Trap.
You're HONESTLY bound to make more money investing in ANY decent stock.
New investors, now that you've tasted the market, buy something smart.
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Anything man. Anything.
Because there are thousands of people buying and selling all the time? Current volume at this time is 52M shares today.
What leads to massive jumps or drops is large volume of sales. Large volumes can move the price entirely on their own. We are talking millions of dollars of shares being moved.
Think of it this way. I want to buy 10000 GameStop shares. 100 people holding 10 shares want to sell at prices ranging from $195 to $215. If i enter the 10000 GameStop shares in at market price, as I buy, the stock will slowly push up as I buy up the supply at lower levels.
Now imagine large investors are throwing around millions of dollars.
Have you been looking at charts over the past few days? GameStop had relatively low volume (during this time trading was also limited on GME across multiple brokages). Even the bid ask and prices going back and forth and the quantity at each of those incremental prices looked strange. This is just what I've been observing after it was pointed out.
Why would anyone ever do day trading then, at any point in time you can just get completely fucked by the decision of one very large player who says, okay time to sell I want to buy something else.
True. Just warning people to look into genuine profitable or future profit companies. GME was a fun ride last week, but thats where it stops.What are you basing any of this on? You can't just say "not financial advice" and then drop a list of stocks out there that are "smart" to invest in.
Thats the way to do it!Bought a single share in the dip today at $93. Basically don't care if it goes to zero, just playing for fun.
Apparently Mark Cuban told redditors to hold and buy back when RH opens up trading again.
They keep referrencing VW 08
Which does look remarkably similar...except Porsche had most of the stock. Though institutions do own a lot of GME too.
Fuck me am I going to buy at the dip?
I'm hoping GME can still out do Nazi cars though...
Apparently Mark Cuban told redditors to hold and buy back when RH opens up trading again.
They keep referrencing VW 08
Which does look remarkably similar...except Porsche had most of the stock. Though institutions do own a lot of GME too.
Fuck me am I going to buy at the dip?
RH already allows 100 shares of GMEApparently Mark Cuban told redditors to hold and buy back when RH opens up trading again.
Apparently Mark Cuban told redditors to hold and buy back when RH opens up trading again.
WSB keeps referrencing VW 08
Which does look remarkably similar...except Porsche had most of the stock. Though institutions do own a lot of GME too.
Fuck me am I going to buy at the dip?
Note that the spike is less than 10x what it was at the low points on either of the graph. Gamestop was already 100x what it was trading for six months ago. So not only did we have a massively larger spike, it is already in the past.
The person that made the GME arrow tag and line is a lying fucking piece of shit with an insane and intentional miscalibration. Portraying the peak as only 2x or 3x the long part is just absolutely fucking vile and dishonest.
Yeah, I mean that's a great point too.
I'll buy when it hits $30 tomorrow.
Those with it as free stock are the ones laughing the most.
Sorry for not responding earlier, was asleep! I still believe AMC has movement thanks to a post-vaccine bump, and I bought in at $10 or something with money I won't miss. I'm not dumb, and hence why I've said before only invest if you know the market and have the money to lose. Stock market as a day trader is shit, this has further proven it. The hedge funds have so much fucking power it's astonishing no one has clamped on it, I mean just look at the sheer force they created in media bias and distraction alongside brokerage control. How the hell is that even legal?A call option isn't an obligation, its an option. No idea what the premium would be on decline, but it scales with how extreme the call point is.
My understanding is that they bought enough calls to where taking all the options would be $25M at $800, not that they're hooked to $25M in premiums if they decline.
To give you all some frame of reference here, Nancy Pelosi and her husband just took the option on 25 calls for Tesla at $500. That was market value in November. They had the option up until March 2022 but exercised it now. The sum total of the options were for $1.12M.
If she or her husband had declined they would have paid a premium, but not the full $1.12M.
Basically, someone is hedging their bets (pardon the pun) in case GME goes "to the moon!", at which point they can pay the $25M and take as many shares as that gets for $800 per, regardless of the market price. If it doesn't they'll only be obligated to pay a far smaller premium for the option, with an expiry none of us are privy to at this time.
1. it avoided bankruptcy because of this stock value surge, not any kind of new revenue.
2. AMC was in the $6-$7 range pre-COVID, down from $30's in '17. Its already a declining venture as streaming eats everyone's market and the major movie producers have all the leverage and an incentive (their streaming services) to squeeze AMC's margins.
3. GME was unique in that shorts greatly exceeded 1:1 with total stock. Nothing else has exceeded a 1:1 ratio. AMC might have a lot of shorts, but there is no need to effectively "double cover" with inventory getting flipped multiple times over. It isn't analogous.
4. Show the math on why you think $88 is some magic number for AMC, I'm genuinely interested, not a rhetorical question.
AMC might be a solid buy in the $6-$10 range as a hold through 2021 and dump post-COVID bounce but I'm not seeing how its a great play thinking another big squeeze and skyrocket is going to happen.
The hedge funds have so much fucking power it's astonishing no one has clamped on it, I mean just look at the sheer force they created in media bias and distraction alongside brokerage control. How the hell is that even legal?
You may joke, but it is a legitimate thing with clear attempts at misguiding those who jumped in with investing being their first time rodeo with falsehoods like investing in silver of all things as a short term profit win. Commodities have never been a short term gain, they have always been a long term profit margin investment so why the hell would people jump on silver of all things wanting to get that GME repeat? No way there wasn't any meddling going on by the bigger funds/investors who stand to lose waaaay more money then day traders.Ah yes, it's all the Fake News Media's fault! Them and their corrupt back room dealings with the Clintons! Wait, which conspiracy were we talking about again?
No idea but:
It is on the document. Shorting it further restricted I assume...
And if you do like gambling, just grabbing $100 of scratchers is probably more fun and way less stressful.Yeah, as usual, don't put in any money that you're not okay with losing, because it's a very real possibility right now.
If you're not interested in gambling, it's probably less stressful and more fun to watch this whole thing from the sidelines.
Hopefully they didn't keep on buying on the way down as people keep pushing...I know a couple of people who got in on Thursday, I think - one of them tried to buy in at $300 but somehow ended up buying in at $400 (I presume due to a poor internet connection), and then bought in again at $290.
I feel quite bad for them now...
Some of those are not like the others 🤔******NOT A FINANCIAL ADVISE*****
Do. NOT. Fall. For. Bull. Trap.
You're HONESTLY bound to make more money investing in ANY decent stock.
New investors, now that you've tasted the market, buy something smart.
CCIV
BLNK
XL
TSLA
SPCE
MSFT
AAPL
IPOE
FUBO
SNDL
PLUG
PLTR
LI
NIO
TLRY
Anything man. Anything.
Day traders aren't idiots doing things blindly, and in a sense know it's like managed gambling. They know they'll take their losses but the key is limiting them and taking gains as much as possible. With how much movement there is constantly everywhere in the market, they can make some educated bets and have a bunch of gains to cancel out whatever losses. But micromanaging a portfolio to that level can be stressful as shit and definitely not for everyone. Hell I have a few friends that did it in their 20s and all got out before their 30s cause they couldn't stand the grind anymore.Why would anyone ever do day trading then, at any point in time you can just get completely fucked by the decision of one very large player who says, okay time to sell I want to buy something else.
The only safe plays are when decent companies are at an all time low and there's some chance they can bounce back again. And big players are on board. Watch it like a hawk incase they jump out at any given time though.
Not loading right now but I read it earlier, I took it as more general advice rather than GME specifically. Like if you really believe in a stock, hold on to it through whatever dips. Good advice, assuming you have valid reasons to believe in it (that was my bet on Apple long ago and throughout the many massive drops over the years).
Hopefully they didn't keep on buying on the way down as people keep pushing...
You may joke, but it is a legitimate thing with clear attempts at misguiding those who jumped in with investing being their first time rodeo with falsehoods like investing in silver of all things as a short term profit win.
Jfc. I really hope people somewhat landed on their feet and did not use money don't have to spare.
Whoever says DIAMOND HANDS and didn't cash out here and there is a goddammit liar.
A lot of people didn't cash out, hence not much volume movement. When you take loses like that you are forced to hold, the market still does not reflect the current demand or the actual price of the stock. That person will just have to be a LONG on the stock and that's about it.Tactics to hold funds are bizarre. Took
Whoever says DIAMOND HANDS and didn't cash out here and there is a goddammit liar.
This person fell for the mess of a volatile market.
A lot of people didn't cash out, hence not much volume movement. When you take loses like that you are forced to hold, the market still does not reflect the current demand or the actual price of the stock.
Tactics to hold funds are bizarre. Took
Whoever says DIAMOND HANDS and didn't cash out here and there is a goddammit liar.
This person fell for the mess of a volatile market.
Even now, it's overvalued. That stock is worth maybe $20.
No sane person wants to hold GME or AMC for the long term. They are companies in dying industries. There is a reason they were so heavily shorted in the first place.
Bitcoin is different cause the value isn't based on the same basic principles...at least by classical definition. I guess an interesting possibility would be if enough people stay or keep buying in, GME could essentially be completely detached from GameStop's business for a sustained period. The effect (or non effect) of quarterly announcements would be really interesting to watch if that happens.A lot of people didn't cash out, hence not much volume movement. When you take loses like that you are forced to hold, the market still does not reflect the current demand or the actual price of the stock. That person will just have to be a LONG on the stock and that's about it.
People mass panicked when Bitcoin dropped, and here we are.
And FYI, all shorted stocks dropped in the same pattern if you haven't noticed.
To limit losses if you assume it'll continue tanking, i.e. better to lose $110k before it becomes a $150k loss. Hold if you believe it'll go up (or at least just reduce the loss), but long term there's no reason to believe that'll happen. (outside of totally wacky crypto like situation I mention above)
The whole idea that this movement is hurting hedge funds is a pipe dream. The hedge funds are too smart, too sophisticated. They have already repositioned themselves to take advantage of this situation. I am sure they are making $$$ off this. The people who will be eating losses are the small retail traders, especially the people who jumped in last week from FOMO, first time stock buyers who have no clue what they are doing.
I agree. Even if GME still have 5500 shops, it still a declining business. It's like buying stocks for Blockbuster.
My worry with Gamestop is how small a lot of the stores are. It would be hard for them to pivot to selling more clothing or PC gear, for instance. Let alone something completely different like a barcade.I agree. Even if GME still have 5500 shops, it still a declining business. It's like buying stocks for Blockbuster.
******NOT A FINANCIAL ADVISE*****
Do. NOT. Fall. For. Bull. Trap.
You're HONESTLY bound to make more money investing in ANY decent stock.
New investors, now that you've tasted the market, buy something smart.
CCIV
BLNK
XL
TSLA
SPCE
MSFT
AAPL
IPOE
FUBO
SNDL
PLUG
PLTR
LI
NIO
TLRY
Anything man. Anything.
Yeah I think you're right, it reads as though they couldn't short it yesterday and today but can tomorrow lol. It's going to be a rough day.Looking at the spreadsheet it looks like it's saying the opposite? On the left has trigger date 2/1 at 9:30 (basically when market opened) and deactivation 2/3, like it gets off the short restriction list Wednesday?
Not loading right now but I read it earlier, I took it as more general advice rather than GME specifically. Like if you really believe in a stock, hold on to it through whatever dips. Good advice, assuming you have valid reasons to believe in it (that was my bet on Apple long ago and throughout the many massive drops over the years).
I have no reason to believe that's the case with GME for most people. Everyone is looking for a quick buck to eventually dump rather than believing GameStop's business model will ever be worth this much.
(However if you truly believe GameStop is the next Amazon, god speed)
Supply and Demand, but in this case it literally could be because the source of demand has been crippled . When RH shut it down, then cut it back, lets put aside why, they cut of the greatest source of demand. They created a RobinHood Dive. No RH buyers, means sellers lower their price to find buyers. And they keep on lowering it till they find buyers. Keep the most natural buyers out of the market and the price keeps on FALLING.
Then that drop accelerates because the more the stock falls the more owners who bought on margin get margin calls. When that margin call happens, its brutal. They just take your stock, send you a fuck you note and sell your stock at the market price, no matter how low. They just want to get your cash to pay back the loan.
That then accelerates the selling.
Which then leads to what we are seeing in the market right now with GME in particular
So what to do ?
If you can afford to hold the stock, you hold. I dont own it, but thats what i would do.
Why ? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work.
I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB.
I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again. The only question is what broker do you use . Do you stay with RH , who is going to have the same liquidity problems over and over again, or do you as a group find a broker with a far, far, far better balance sheet that wont cut you off and then go ham on Wall Street.
Yeah I wonder when the "IF HE'S STILL IN, I'M STILL IN" posts end. DFV was in this for the long position... not just specifically for the squeeze. AFAIK he didn't even start the whole diamond hand business (that ignores that retail don't own most of the stock). I think he's scared to pull out now.
I think he's worried he'll be a villian if he pulls out before it rock bottoms. If he pulls out at any stage, the thing falls apart. Everyone loses rapidly...rather than giving people a chance to pull out slowly... I dunno man. I think this went places he wasn't expecting. He might have to go down with the ship.But even as a long term holder he has to understand that GME will never reach these prices again even under better management, right? I think the general logic is that DFV realized this play that everyone else thought was dumb, so you might as well just ride it out with him and trust he sees things you don't.
This video makes that point:
Robinhood investors in $GME and $AMC have basically done a wealth transfer from retail to hedge funds and high frequency trading firms.