Reddit versus Wall Street

[∞∞∞]

AMC also at ~$15 just before opening (+63% overnight). It's another heavily shorted stock r/WSB picked up on.

But GME is still the main target of the squeeze. Let's see how quick trading gets halted.

[∞∞∞]

Skyrocketing in only a few seconds.

and now down. Gonna be volatile. Strap in.

[Ibanez]

Skyrocketing in only a few seconds.

and now down. Gonna be volatile. Strap in.

Let it go down some...buy the dip.


Just as we expected - so may people had orders to buy/sell at the open that it was halted within 2 minutes.

[Ibanez]

AMC also at ~$15 just before opening (+63% overnight). It's another heavily shorted stock r/WSB picked up on.

But GME is still the main target of the squeeze. Let's see how quick trading gets halted.

They're halted as well. I tried to increase my position but can't get the order to clear.

[∞∞∞]

Is it suspended? Looks like all the tickers stopped at 9:32am.

edit: just saw. Love it.

[Ibanez]

Is it suspended? Looks like all the tickers stopped at 9:32am.

edit: just saw. Love it.

Trading halts due to volatility. I think there was a day last week when GME was halted 10 times. Fridays are the most volatile due to the calls/puts coming due.

Edit: the calls/puts that expire today begin their premiums...i'm still learning options. Don't listen to me.

[∞∞∞]

Is it suspended? Looks like all the tickers stopped at 9:32am.

edit: just saw. Love it.

Trading halts due to volatility. I think there was a day last week when GME was halted 10 times. Fridays are the most volatile due to the calls/puts coming due.

Oh yeah, I was just wondering if it was actually halted since my ticker stopped updating.

[∞∞∞]

AMC up 80%+ today.

[Ibanez]

Trading halts due to volatility. I think there was a day last week when GME was halted 10 times. Fridays are the most volatile due to the calls/puts coming due.

Oh yeah, I was just wondering if it was actually halted since my ticker stopped updating.

Today's been failry stable. Probably more short ladders like yesterday (only this time people not named Melvin can buy).

I'll say this - the influx of new people into GME, without understand why it's in the news, is probably going to help the hedge funds. The people that started buying in in 2019 to earlier this month were mostly doing so based off the due diligence of people like /deepfuckingvalue and Rod Alzmann (GMEdd.com) who have been studying and developing their bull theory. The people that followed them are in it to hold. I'm afraid that the people who are know trying to get in, as small a number as they probably are, are in it b/c they think it's a quick buck and will sell at the first dip. That'll create panic and more selling - which benefits the shorts.

[∞∞∞]

Well here come's the dip. Might pick up another 1 or 2 if it reaches $220.

edit: got a second at 279.

Short ladders galore right now. You can see the volumes/prices traded are typical hedge funds.

[HI54UNI]

So whose side is the Fauxcahontas on?

[∞∞∞]

Oh look, Robinhood at it again. Limiting GME to one sale per stock, AMC to ten.

Wall Street is desperate to get this price down.

[Ibanez]

Well here come's the dip. Might pick up another 1 or 2 if it reaches $220.

edit: got a second at 279.

Short ladders galore right now. You can see the volumes/prices traded are typical hedge funds.

Yup. Just like yesterday - trying to drive down the price ( i think $115 is their goal so they can get out of the expiring contracts). The volume doesn't justify the drop = hedge funds just buying/selling to one another which in turns spooks the casual investor who will sell. You might even see a flash crash shortly before 4. That's what they did yesterday.

[Ibanez]

The shorts are still down - now at 113%. 57.83M shares still shorted. The fee is still approx. 30%. That's yuge!

[∞∞∞]

Well here come's the dip. Might pick up another 1 or 2 if it reaches $220.

edit: got a second at 279.

Short ladders galore right now. You can see the volumes/prices traded are typical hedge funds.

Yup. Just like yesterday - trying to drive down the price ( i think $115 is their goal so they can get out of the expiring contracts). The volume doesn't justify the drop = hedge funds just buying/selling to one another which in turns spooks the casual investor who will sell. You might even see a flash crash shortly before 4. That's what they did yesterday.

I will die in a Gamestop holding these two stocks before I ever sell them.

[Ibanez]

Yup. Just like yesterday - trying to drive down the price ( i think $115 is their goal so they can get out of the expiring contracts). The volume doesn't justify the drop = hedge funds just buying/selling to one another which in turns spooks the casual investor who will sell. You might even see a flash crash shortly before 4. That's what they did yesterday.

I will die in a Gamestop holding these two stocks before I ever sell them.

Watch it around 3:50 today. I anticipate it crashing before the closing bell

[∞∞∞]

I will die in a Gamestop holding these two stocks before I ever sell them.

Watch it around 3:50 today. I anticipate it crashing before the closing bell

3:30, but seems like another short ladder attack happening now.

[Ibanez]

Watch it around 3:50 today. I anticipate it crashing before the closing bell

3:30, but seems like another short ladder attack happening now.

It's power hour.

No gamma squeeze today (we had one last friday, IIRC).

[∞∞∞]

3:30, but seems like another short ladder attack happening now.

It's power hour.

No gamma squeeze today (we had one last friday, IIRC).

IDK, at $320 now. Gonna be close.

edit:

[Ibanez]

CLOSE ABOVE $320!!!! SCREW THE SHORTS!

[Ibanez]

So whose side is the Fauxcahontas on?

Be on both sides, that way you're sure to win.

Follow me for more tips on Leadership.

[AZGrizFan]

Why would the business be failing of people are playing video games more than ever (I assume)? I get that people aren't going into brick and mortar stores as much, esp during the China Virus, but people are ordering games as much as ever and having them shipped to them, no?

No. Most people download games directly from digital stores nowadays; physical games are increasingly rare.

The latest PS5 and xBox consoles also give you options to purchase versions without disc drives (only digital downloads).

When people do buy physical games, Gamestop has a lot of competition (Walmart, Target, Best Buy, Amazon, etc.).

It's not a company that is necessarily destined to die, but it needs to go in a different direction to survive.

Maybe it could buy Blockbuster.

[BDKJMU]

So I take it this RobinHood app, TD Ameritrade, etc, are part of the evil, elitist empire because they've sided with the hedge funds yesterday by stopping peoples' ability to purchase GME stock, which drove the price down, enabling the hedge fund to sell at not as big of a loss? Do I have that right?

[Ibanez]

So I take it this RobinHood app, TD Ameritrade, etc, are part of the evil, elitist empire because they've sided with the hedge funds yesterday by stopping peoples' ability to purchase GME stock, which drove the price down, enabling the hedge fund to sell at not as big of a loss? Do I have that right?

Basically. But who is to say all the volume wasn’t through some other brokerage.


TD, IIRC, does its own clearing so I’m not sure what their rational was.


Sent from my iPhone using Tapatalk

[SDHornet]

AMC at $13.26. Worth buying a few shares?