Stock market

14233999:TOAST. said:
Can someone explain to me the end game of the GME and other various stocks? Sure right now everyone that was shorting when it was on the decline are getting fucked, but it's not like the stock can go up forever and will eventually have a devastating crash back down?
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The end goal from what I understand is to try and devastate large short positions coming to maturity soon. So if the stock price hits a peak when the hedge funds large positions mature, they get fucked. The huge issue with this is that there are ways to negotiate, change, extend, etc. so you’re right. Droves of amateurs are dumping money to create an artificially inflated stock price. They’re creating a bubble. The small percentage of smart investors who know this will sell at the right time and make their money on the backs of thousands of others who will lose their money.
 
14233999:TOAST. said:
Can someone explain to me the end game of the GME and other various stocks? Sure right now everyone that was shorting when it was on the decline are getting fucked, but it's not like the stock can go up forever and will eventually have a devastating crash back down?
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Sorry not maturity date. Was writing something else and crossed my wires. They’re trying to essentially force a close on the hedge funds big short positions. Fucking them. But again, there are so many other elements and options available.
 
14234006:CaptainObvious. said:
The end goal from what I understand is to try and devastate large short positions coming to maturity soon. So if the stock price hits a peak when the hedge funds large positions mature, they get fucked. The huge issue with this is that there are ways to negotiate, change, extend, etc. so you’re right. Droves of amateurs are dumping money to create an artificially inflated stock price. They’re creating a bubble. The small percentage of smart investors who know this will sell at the right time and make their money on the backs of thousands of others who will lose their money.
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I'd like to see a screenshot of a shorted account. Probably fucked. It's crazy cuz it could be transient for a few more days or a week, or be ludicrous and last another month.

Anyone wanna take bets on the time it takes to crash? Sheer speculation but I say by next Friday, if not this week.
 
14234019:Rotten_Trumpkins said:
I'd like to see a screenshot of a shorted account. Probably fucked. It's crazy cuz it could be transient for a few more days or a week, or be ludicrous and last another month.

Anyone wanna take bets on the time it takes to crash? Sheer speculation but I say by next Friday, if not this week.
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I like your guesses. I’d guess early next week. I think this weekend will destroy momentum for the casuals.

edit: typo

**This post was edited on Jan 27th 2021 at 6:18:27pm
 
14234020:CaptainObvious. said:
I like your guesses. I’d guess early next week. I think this weekend will destroy momentum for the casuals.

edit: typo

**This post was edited on Jan 27th 2021 at 6:18:27pm
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I have never been on wsb and my brother sent me a post. Very interesting to see the comments. I think I'm gonna change my guess to 7-21 days. This is also a pretty good video talking about it. It's honestly sort of funny this is happening to the big shorts who legally manipulate the market all the time for profit.

 
Update: wsb is now private. My guess is someone in charge got a letter from a lawyer and panicked. Wonder if that will fire people up or drop the stock with panic sells. Very very interesting to see big business whipping their cocks out and beating people with them again. This js about as sus as when J. Epstein died.
 
Made some gains shorting GME of the Friday peak then realized it was a meme and went long on Monday. Wish I bought more. Its hilarious seeing every fundamentally bad stock jumping up as if they are all gme.
 
14234026:Rotten_Trumpkins said:
Update: wsb is now private. My guess is someone in charge got a letter from a lawyer and panicked. Wonder if that will fire people up or drop the stock with panic sells. Very very interesting to see big business whipping their cocks out and beating people with them again. This js about as sus as when J. Epstein died.
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It's probably private because there's no other way to tell your clan when to sell without alerting Planet Earth.
 
14234026:Rotten_Trumpkins said:
Update: wsb is now private. My guess is someone in charge got a letter from a lawyer and panicked. Wonder if that will fire people up or drop the stock with panic sells. Very very interesting to see big business whipping their cocks out and beating people with them again. This js about as sus as when J. Epstein died.
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The sub has gone private quite a few times before but IMO this time might be different. I personally think most people should sell by Friday but I really don’t know anything :)
 
GME will likely hit the squeeze Friday and into next week. ??

I’ve been in for a few weeks now, so today I was able to take a little off the top to cover my initial investment. Just going to enjoy the ride to the top now
 
Fuck these trading platforms and regulators calling for or all together halting the trading of GME and AMC. If people want to throw away their money and a massive bubble then let then, but shutting down trading is the real market manuipulation
 
Would it be worth it to buy into amc tomorrow and likely sell it off on Friday? Idk if i’d want to hold it over the weekend incase it tanks when the stock exchange opens up on monday
 
14234034:CLQ said:
The sub has gone private quite a few times before but IMO this time might be different. I personally think most people should sell by Friday but I really don’t know anything :)
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WSB is back. Looks like it was just issues with the massive influx of new members
 
14234250:CatdickBojangles said:
The Wolf of Wall Street Bets coming to an AMC theater near you.
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14234262:Charlie_Kelly said:
Robinhood not allowing trading of GME. Heard they banned BB and NOK too. So glad I dropped them.
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I dropped them after the minimum time to wait so its not a money laundering flag. Their transactions are slow as shit and the platform never works right.
 
Eventually, these guys will run out of buying power and a wall will be hit. Then the market will correct back swiftly. But right now, ride that shit.

**This post was edited on Jan 28th 2021 at 8:36:52am
 
14234265:kingsskier said:
Eventually, these guys will run out of buying power and a wall will be hit. Then the market will correct back swiftly. But right now, ride that shit.

**This post was edited on Jan 28th 2021 at 8:36:52am
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^This. It wont be a happy ending for everyone. But honestly, as long as these hedgefunds are also getting fucked, I dont mind losing a few bucks. I'm more of a casual investor (ETFs, Mutual Funds etc.) but it's been really fun to play the game
 
14234267:GrandThings said:
^This. It wont be a happy ending for everyone. But honestly, as long as these hedgefunds are also getting fucked, I dont mind losing a few bucks. I'm more of a casual investor (ETFs, Mutual Funds etc.) but it's been really fun to play the game
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Yeah it's been a good bit of theater. Nothing different though, somebody has to lose and this time it's the hedge funds. I usually stay away from these specifically because those people have so much buying power and advantages in that game. That being said I lost like 2500 yesterday with my "casual" investments getting thrown for a loop and I haven't gotten involved in all this meme shit. I'm sure I'll recoup once this huge meme is over.

"The idea that this is about hedge fund short-sellers transferring funds to a mass of ordinary retail buyers is a compelling story," said Paul Donovan, chief economist of UBS Global Wealth Management. "But it is also a story that is unlikely to hold true beyond the brief period of the frenzy."

This is from an article on Fidelity, and the kind of stuff I find hilarious. Like no shit, obviously this isn't going to last, but it's a nice reversal of ordinary retail traders transferring wealth to fund managers.

**This post was edited on Jan 28th 2021 at 9:09:34am
 
WEBULL is solid. despite being chinese at least they let you trade whatever you want. Glad i'm all setup and registered on it

14234273:270on420out said:
FUCK ROBINHOOD. Which platform y’all buying today ?
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What the fuck Robinhood how are they allowed to do that? Literally market manipulation. Fuck Robinhood
 
14234286:DayMan said:
What the fuck Robinhood how are they allowed to do that? Literally market manipulation. Fuck Robinhood
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SCREENSHOT YOUR LOSES HERE AND HOLD THE FUCKING LINE!
 
14234305:kingsskier said:
Keep trying, it is brief usually. I have had issues today but got right back.
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Finally back in after 50 minutes.

Anyone still buying? Tried to buy one $15 over the ask and was told it’s “too aggressive”.
 
Volume is way lower today. I think it may get one more rally and its done. Going to slowly buy puts and watch it carefully.
 
14234308:kingsskier said:
Volume is way lower today. I think it may get one more rally and its done. Going to slowly buy puts and watch it carefully.
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Volume is lower because tons of platforms have halted or limited trading on GME, NOK, AMC, and others. They're protecting their gazillionaire buddies because financial vampires are the only ones allowed to make money.
 
14234311:T.L. said:
Volume is lower because tons of platforms have halted or limited trading on GME, NOK, AMC, and others. They're protecting their gazillionaire buddies because financial vampires are the only ones allowed to make money.
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If those guys are doing millions in volume solely on RH, they are insane. Also, premarket was less than 1/3 volume from yesterday on GME. They werent banned on the platforms at that point.
 
Yes some serious bullshit going on. I almost sold half at the $480 peak this morning but Schwab wouldn’t let me after attempting over and over. It ultimately worked and I sold half at 420, I’ve got everything I put into it now, so I can be way less stressed out!

This is seriously wild though, stoked to see it play out and still hoping for $1k+
 
What is up with all of these non-standard times for halts? They are typically 10 minutes for an M code (volatility) halt. These are all falling between 5 and 6 minutes. There are a lot of people trying to help the big dogs, including the SEC. The common people finally beat the system and no one likes it. The institutions are designed to take the common peoples money.
 
be happy you got that price LOL. SEC always wins I guess.

Now's probably not the time to mention my pops works in a small hedge fund.

14234317:forrest-cole said:
Yes some serious bullshit going on. I almost sold half at the $480 peak this morning but Schwab wouldn’t let me after attempting over and over. It ultimately worked and I sold half at 420, I’ve got everything I put into it now, so I can be way less stressed out!

This is seriously wild though, stoked to see it play out and still hoping for $1k+
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14234308:kingsskier said:
Volume is way lower today. I think it may get one more rally and its done. Going to slowly buy puts and watch it carefully.
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Glad I got a single put shortly after saying this
 
GME is on halt number 8 today. Soon the SEC will close trading on it for a long time or even the remainder of the day.
 
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