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GME
- Thread starter TheRiceGuy
- Start date
Its exactly like a pump and dump. The stock is worth about $5. People got together and piled in, look at the comments "BUY BUY BUY. DONT SELL".
Thats a classic pump and dump.
As far as being in or out, the stock is a casino. Its anyones guess. Its is gaining and losing 50% of its value within an hour. If you setup up a limit order, it might be fruitful.
Thats a classic pump and dump.
As far as being in or out, the stock is a casino. Its anyones guess. Its is gaining and losing 50% of its value within an hour. If you setup up a limit order, it might be fruitful.
Shares of GameStop, AMC and others rebounded aggressively in extended trading on Thursday after Robinhood said it will resume limited trading of previously restricted securities on Friday.
The fact that you didn’t mention anything about the shorts and % ( honestly not like I expected you to) means again you don’t know how or why this even happened
I didn’t start this post to be part of some pissing match so I’m done with the thread. I just wanted to see if there were others in the rocket to the moon.
At this point, no way to know how things pan out.
Also that “rebound” isn’t what you think it is, after hours is Just continual manipulation by institutions
I didn’t start this post to be part of some pissing match so I’m done with the thread. I just wanted to see if there were others in the rocket to the moon.
At this point, no way to know how things pan out.
Also that “rebound” isn’t what you think it is, after hours is Just continual manipulation by institutions
This is definitely going to the moon. The other highly shorted stocks aren't past 100% short, so the hedge funds can wiggle their way out of those, but $GME is their kryptonite. This morning it started off at 250% short - whoever is shorting in the foreseeable future is just going to be getting wrung out and left out to dry until that short percentage of float goes under 100%. It isn't unimaginable that $GME may approach $BTC - but i think actual regulators may step in by then.
I don't see it happening. The hype of this is fully out there. The money is in. It could pop to $1000 or heck maybe even $2000; but $30,000? Not a chance.
Also, what people aren't reporting on, is that the hedge funds are also in there playing the long game now. They can close shorts, reopen them. Go long. Etc.
The initial story that the hedge funds got screwed and the little guy made out is true, but you are only as good as your last trade, when this stocok returns to its proper valuation, which will happen, the shorts will make out and many of the buyer will be left with nothing.
Also, what people aren't reporting on, is that the hedge funds are also in there playing the long game now. They can close shorts, reopen them. Go long. Etc.
The initial story that the hedge funds got screwed and the little guy made out is true, but you are only as good as your last trade, when this stocok returns to its proper valuation, which will happen, the shorts will make out and many of the buyer will be left with nothing.
GME did the impossible, it brought Cruz and AOC together.
https://finance.yahoo.com/news/how-...ory-is-part-of-5-bigger-trends-130701087.html
But maybe craziest was an exchange between AOC and Sen. Ted Cruz. At 11:36 a.m. on Thursday the congresswoman tweeted her outrage over Robinhood blocking retail investors “while hedge funds are freely able to trade the stock as they see fit.” At 11:48 a.m., Cruz replied “Fully agree.”
This is so crazy that even AOC and Cruz agree? That lasted 58 minutes. At 12:46 p.m. AOC tweeted out: “I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out.” Over three quarters of a million people liked that.
https://finance.yahoo.com/news/how-...ory-is-part-of-5-bigger-trends-130701087.html
But maybe craziest was an exchange between AOC and Sen. Ted Cruz. At 11:36 a.m. on Thursday the congresswoman tweeted her outrage over Robinhood blocking retail investors “while hedge funds are freely able to trade the stock as they see fit.” At 11:48 a.m., Cruz replied “Fully agree.”
This is so crazy that even AOC and Cruz agree? That lasted 58 minutes. At 12:46 p.m. AOC tweeted out: “I am happy to work with Republicans on this issue where there’s common ground, but you almost had me murdered 3 weeks ago so you can sit this one out.” Over three quarters of a million people liked that.