Gamestop
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Anonymous
the current share price has nothing to do with the business and thats OK. there is currently baked in demand that short sellers will have to buy more shares than exist. they have to buy the shares eventually. after they buy them to cover their shorts and that guaranteed demand is gone its hot potato for everyone else to not be the one holding the bag as the price returns to earth. same thing happened to volkswagen in 2008. this isnt unprecedented its just the first time a person just playing with walking around money can easily participate. |
Anonymous
Thank you for posting the article. That was very helpful. “French Revolution of finance”, indeed! |
Anonymous
| Buy the dip! |
Anonymous
Omg do not do this. Ultimately the stock is going to crash and burn. the problem is that the fundamentals of the company aren’t there to support anything like this valuation. A million redditors got together and decided to use their stimulus money to f’ing bankrupt these hedge funds. They know GME isn’t worth this. My god, do not buy at this level. Don’t short it either. Unless you have cash to burn don’t touch the stock at this level. The fact that 160% of GME stock was shorted when this started shows that we need more regulation. That shouldn’t even be legal. When there when every share is shorted more than once and the banks start calling in the loans on the shorts, you literally cannot buy shares. They were trying to cover their shorts in a market where dude bros from Reddit were basically spending their stimulus checks to pump the stock with no interest at all in what happens to that money. It’s hard for hedge funds to “win” when the other million people don’t care if they lose. It wouldn’t have been so bad if each stock wasn’t shorted 1.6 times. These short sellers literally have to buy more shares than exist. It’s f’ing absurd. The market is broken and we need regulation. Don’t take this as me defending the shorts though, they are the “market makers” so they should know what they’re doing. |
Anonymous
So the Reddit geeks also sold? I thought they were holding? Ugh, I wish I wasn’t dumb. |
Anonymous
Elizabeth Warren and AOC on Gamestop https://www.huffpost.com/entry/sen-warren-gamestop-reddit-stocks_n_6011d3d8c5b67848ee7d9361 DE incorporation is our very own Cayman Islands. Warren continued: “For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price.” AOC Tax the rich. and that includes the short term capital gains for the buyers. Gamestop trading is not as abhorrent as DC's Carlyle Group which in 2011 began it's decimation of Manorcare, a huge nursing home chain. Washington Post reported on it in 2018-7 year lag. David Rubenstein, through Carlyle group earned billions , runs the Kennedy Center which has squandered money including public funds on the Reach . Disgusting https://www.washingtonpost.com/business/economy/opioid-overdoses-bedsores-and-broken-bones-what-happened-when-a-private-equity-firm-sought-profits-in-caring-for-societys-most-vulnerable/2018/11/25/09089a4a-ed14-11e8-baac-2a674e91502b_story.html |
Anonymous
I may be the only one on here that bought GME before the hype. $16 per share on Dec 22nd and other adds that were low. It was a turnaround story that was well underway last year. The stock started to respond in August and went up and down in Sept/Oct. Hedge funds continued to "press their bet" that GME would go bankrupt. As bad as things got bankruptcy was pretty far from happening if they could right size operations. Add in a well known activist billionaire investor who later displaced board members with his own pro's and this was setup to go up. The short covering is ongoing and isnt even close to ending. Some of the shorting of the stock at lofty levels makes sense but all of the shorts below even 100 are in jeopardy of getting wiped out. Reddit helped we all posted messages but half that group owned other stocks or barely any shares. Every one of them proclaimed they would hold to 1000. CNBC and the news networks saying these reddit investors manipulated is completely false. Short sellers and market makers have colluded this week to keep from getting trucked by the unlimited losses. Why didnt they just throw in the towel and take the loss last year the stock was already moving up?? they had too much ego and greed now its time to pay up. Nobody on this board thinks 1000 is possible but stay tuned this short covering is ongoing and far from over. I've sold some, I still own some I regret what I sold I am also looking to buy more now. I've made approx 4M on my sold shares. I shouldnt have sold but that is not easy to do when 7 figures is staring at you. Of all the company's in this shorting vortex this week KOSS,EXPR,AMC, probably 5 -10 others GME at least had a turnaround plan that was in the making to drive their profits. They will survive and profit they may even hold a stock price over 50 when the dust settles. Friday and Monday are a few days this could really start to rocket with month end and options expiration. |
Anonymous
| So who is going to be left holding the bag? |
Anonymous
Worth like $50M now. |
Anonymous
| i'm the PP above GME 423 per share right now! 600 today? 800? getchor popcorn ready |
Anonymous
he started it with more I think it was close to 200K. He bought long calls aka leaps out of the money.. they were pennies when he got in and when it made sense he rolled them.. this took place for over a year. he owned like 50K shares which by itself is worth 20M. His first options buys on it were in 2019 its funny to see the old message threads where people said sell or that he was leaving money on the table. The options and stock are definitely close to 50M+ at a share price of 400, could even be 60M. He has a lot of videos on his youtube and was crazy pumped about GME when it was a $4 stock so kudos to him.. https://www.youtube.com/c/RoaringKitty/featured |
Anonymous
| I may be the one of the only ones reading this that thinks, "Good for them!" I hope it goes to $1000 and all the wsb guys and gals make a TON of money! AND I hope GME doesn't go under. Does anyone think that there is a correlation between the RH investors and the fact that they likely grew up with Gamestock as their second home? I giggle and wonder if they would feel so emotional about an erectile disfunction drug company? Just wondering.... |
Anonymous
could take a few weeks,, think about it "gme is going bankrupt "was the shorts theme at share prices $4,10, 20, 50, 100, 250, 400...- ok lets say the line cuts off at people that shorted below 40 since that was two weeks ago. There are people forming a line practically to buy to cover meanwhile long shareholders can keep their shares. The idiot at Melvin Capital short GME since it was single digits he nearly wiped out his 3.5 billion dollar firm. As more and more shorts can't afford to take the pain they need to buy/exit but for every person buying/exiting two more are added to the line. GME $900 or $2000 or? might eventually get the longs to sell more which helps it unwind |
Anonymous
| I still don’t get how robinhooders with 3k life savings can keep this stock price moving. There have to be some major players here playing on their side as well . Well the strategy works until it doesn’t I guess when stocks don’t trade on fundamentals |
Anonymous
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BlackRock and Chamath (who covered yesterday and donated proceeds to charity) for starters. When King Chewy got his seat on the board I got in.
I only buy US-HQ companies so I can't buy NOK, for example. I did buy KOSS though! |