galardogod
Active member
Got incredibly burned by AMC. I yoloed and bought 6 shares at 16.71 a pop and have lost $20
Stock market
- Thread starter mtbakerpow
- Start date
CatdickBojangles
Active member
14236798:galardogod said:
Lol $20?
14236793:DayMan said:
100%, I'm sure more people would be buying those up if there wasn't a cap on RH. Ex. me, whose capital is in RH and I don't want to transfer until after the dust settles in case anything wild happens during the few days my positions would be in limbo.
galardogod
Active member
14236805:CatdickBojangles said:
28 now
TACO-DOG.exe
Active member
lost 2000 today, probably more AH but i'm still holding
TACO-DOG.exe
Active member
14236819:zues said:
on a spaceship ??
Charlie_Kelly
Active member
Tough day for sure. More paper hands getting shook out. AH is brutal right now but super low volume. Hedges are trying to drive down as much as they can.
DrZoidberg
Active member
So is silver the new meme? I have some gold related holdings and I was kinda hoping they'd meme gold not silver but whatever. Also can we meme oil stonks plz?
Charlie_Kelly
Active member
14236841:1337 said:
Dude ever since thursday...I really think that was the start until the brokers shut it down, volume over 100mil and price north of $400. I’m not selling for a loss, if that ends up being the case, until it’s time for tax season next year lol.
T.L.
Active member
14236843:DrZoidberg said:
Nah. Media got it's talking points over the weekend to push silver, specifically SLV. Citadel, is the fifth largest stakeholder in SLV right now.
Over the weekend they were saying it was the next thing reddit's WSB sub was going to push. If you actually go to WSB, you'll see they're all saying don't buy silver, its a setup, it's fake news, and that the media is pushing out the coordinated buy silver narrative.
DrZoidberg
Active member
14236868:T.L. said:
Oh hilarious. The plot thickens. I'm just enjoying the show.
Made like 1100 across my accounts today, but seeing as I lost about that much the other day it's whatever. And also none of this matters cause this is long term shit for me.
Charlie_Kelly
Active member
14236870:zues said:
My understanding is that, more specifically RH, acts as it’s own clearing house and didn’t have enough capital to cover the buy volume for the 2 days it takes to settle. Webull CEO saying the same thing.
In other news, I’m hearing anywhere from 212% to 50% SI. 11.3 billion still needing to be covered in interest. 5 million unverified shares in the first half of January alone. So much sketchy shit. And look at the 5d for AMC and GME. Pretty much identical. I really hope there are repercussions for this blatant manipulation.
ASAPCarter
Member
Still holding but goddamn this is getting painful
SuspiciousFish
Active member
14236878:ASAPCarter said:
I see it this way. The Volume was way too low to justify the drop in price as being legit, the media is still running in circles and trying to con you into silver and talking heads on MSNBC etc are scared and babbling incoherent nonsense. I dont have skin in this game though but that is my impression.
I mean, look at this guy. Does he look like everything is going well over at the Hedge Funds?
https://twitter.com/ndrew_lawrence/status/1356253787011371008
zues
Active member
I have instant buying power in RH. Essentially all they are is a broker right? So i'm guessing that sounds "semi-legitimate". But some forensic accounting needs to be done with this and something to this magnitutude with such a short timeline is very hard to gauge.
So much false information floating around. Tired of all the bullshit news. IMO there is definitely fishy business going on. Stock halts are a common thing but thats done by the SEC. It looks like this halting is coming from platform brokers who all grouped together in order to cover their asses in people doing legitimate business. Hopefully more correct news comes out this week.
So much false information floating around. Tired of all the bullshit news. IMO there is definitely fishy business going on. Stock halts are a common thing but thats done by the SEC. It looks like this halting is coming from platform brokers who all grouped together in order to cover their asses in people doing legitimate business. Hopefully more correct news comes out this week.
14236877:Charlie_Kelly said:
dolanslebensraum
Active member
14235723:MiIfHunter said:
You should reassess yourself and start dodging cocks for a change you shit masticating sloot
JAHpow
Active member
To everyone crying about losses. This whole movement wasn't about making a quick million. It was about sending a message to the world that the game is rigged. And we proved that.
But the media is going to sweep this under the rug, and we've already been shown that the government doesn't care. Not to mention Biden and Hillary were the candidates backed by Wallstreet in the past two elections. So nothing's going to happen. The government is not for the little guys; they are for themselves.
But the media is going to sweep this under the rug, and we've already been shown that the government doesn't care. Not to mention Biden and Hillary were the candidates backed by Wallstreet in the past two elections. So nothing's going to happen. The government is not for the little guys; they are for themselves.
Charlie_Kelly
Active member
Even if it goes to 0 I’ll make back my losses this year. Gonna hold out of spite now.
ASAPCarter
Member
Still.... holding.....
fuck
fuck
TACO-DOG.exe
Active member
I’m down half my initial investment but I really do think the new board members can turn GameStop around as a company.
I like the stock
I like the stock
Charlie_Kelly
Active member
14237257:soup said:
Pivot to e-commerce
TACO-DOG.exe
Active member
14237257:soup said:
Gamestop is the largest brick and mortar company for an industry that is only going to get bigger. those brand new consoles that nobody can get? all have disc drives meaning people are still buying physical discs. and they're buying them in person at stores just like this one. not to mention the quickly growing gaming PC industry which they already have their fingers in via their online store.
There's also a rumor floating around that they're converting stores into build-a-pc stations. not only would that introduce a whole new crowd but it existing pc owners would be able to get their parts quickly and reliably, as opposed to waiting 3 days for a package that will probably be damaged.
and my favourite part about all this is the new board members introduced in December. Alan Attal, Ryan Cohen and Jim Grube. Cohen, founder of pet supplies E-commerce Chewy sold it to petsmart for 3.4billion. this dude has motivation and conviction to turn this company around for the better. plus he has former president and chief operating officer of Nintendo of America on the board as well.
zues
Active member
Not trying to be a dick here but you sort of sound like Blockbuster after they turned down buying Netflix. I play PC and Xbox games and I haven't stepped into A GameStop in years. I get the whole "stick it to the hedge funds" thing but that only led them to buy more puts @the $350 price. GameStop will be back to it's worthless price soon enough.
14237322:.Dad said:
TACO-DOG.exe
Active member
14237340:zues said:
lol gamestop is nothing like blockbuster. if it was you really think michael burry would be long on it?
CatdickBojangles
Active member
14237322:.Dad said:
Fuck if they would build a decent website and app that’s a good start. Tried to order a few games a couple weeks ago and the website and app are some cumbersome.
I do see PC building stations as a great venture for them. Especially with PC gaming becoming more popular. Also I know it’s not an issue for most people but in the area I live, high speed internet isn’t easily accessible. So if you have a station where you can unpack your new console or PC and update and download whatever you need on a fast connection it would keep people in the store longer. But that’s dependent on your location.
14237340:zues said:
From my understanding of it the current gamestop master plan is.
1. Put 30 million more shares on the market, even at the current low price that still covers most of their debt
2. Close and sell all international brick and mortar stores. More cash for them, and less overhead.
3. Slowly close and sell their NA stores
4. Transition to e-commerce based out of a few warehouses. Exclusive deals with game companies and their own game pass type thing
5. Focus on PC sales as well, whether it's 3rd party prebuilts or in house.
It basically seems like they want to become cyberpower.com but also sell consoles, games and merch at a price that can compete with the other big guns.
Will it work? IDK but it seems like their new ceo is a man with a plan.
14236870:zues said:
Robinhood won't say it, because it's a pretty terrible thing to have to say as a company, but it seems they are having liquidity issues. Robinhood doesn't front the money for purchases themselves. It all goes to the clearinghouse. Because of the volatility sec laws mandate that the clearinghouse have super high collaterals to cover bad sales. Places like Robinhood simply don't have the capital to meet the new collateral requirements. So they can't let people buy, because the people selling might not get their money and the people buying might not get their share.
Now I still don't understand why this means you can only sell. The current claim from these companies is there are no collateral regulations for selling, only buying. But that doesn't make sense to me because someone is buying the share you sell right?
TACO-DOG.exe
Active member
whatever. i'm confident that it will survive. i'm not saying it's gonna be high triple digits but right now we're sitting between the bull and base PT which i think can be sustained with the recent retail interest and whatever catalysts we have coming in the next month or so.
CaptainObvious.
Active member
14234020:CaptainObvious. said:
We got it.