Gamestop
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Anonymous
Nobody knows... |
Anonymous
That’s a shame |
Anonymous
No one knows where the top is...this is history making/unprecedented. GME is caught in a positive feedback loop. Dumb shorts got insanely greedy - they kept shorting a stock over 140% when it was $3 (seriously, how can a $3 stock go down?). They wanted to see GME go bankrupt and for many people to lose jobs. Shorts shorted while options buyers piled on. This is also a stock, btw, with a very small number of shares available for trading. It was complete powder keg ready to explode and all it took was the positive news that GME was overhauling its management to set it off. All of the big market makers who are selling call options are now constantly having to buy shares of GME to reduce their risk, and because options keep going in the money. This is called a gamma squeeze. The latest options chains for GME are now ALL in the money, thus if the stock stays high, the sellers of calls will face massive risks that they'll be assigned and will have to deliver shares when the options expire this friday. It's going to be a huge gamma squeeze again. On top of this, short interest is still massive. Shorts cannot get out of their positions easily because there are just very few shares available (low float). Shorts are losing their asses because they're paying something like 45% interest or something, so there's tremendous demand from shorts for shares to cover their positions, which is driving up the price for a lowly available stock. It's basically a once in a century scenarios where there's a perfect alignment of the stars at the same time. $500 per share may even be bearish at this rate. The gamma squeeze is going to be massive tomorrow and on Friday if the stock price stays elevated. So many in the media and those on Wall Street are crying foul. Too bad. They were greedy hogs who tried to short a $3 stock over 140% that also had a low float. They got caught with their pants down and are now paying the price. They knew well ahead of time that the risk was always infinite losses. That's a decision they freely made and they're paying dearly. Hogs get slaughtered. The media doesn't seem to complain when rich elitists and Wall Street wins, yet all of the sudden it is problem when the small guy figures out the game and starts winning accord |
Anonymous
| Melvin capital closed out their position so party about to end |
Anonymous
Nope. Still over 100% short interest. Also, gamma squeeze is still epic. Gme is going to gap up big time, and with only 2 days to expiry for the calls there will be huge buying pressure to stem the risk of all of the itm calls for the naked call sellers. |
Anonymous
| Ask is now 257. |
Anonymous
GME is like... historical. BB, AMC, others are also stocks being discussed on WSB. People make money. Most lose money. Hang out a bit on the sub. Always do your own due diligence. Remember that no one on that sub is giving financial advice. Most posts are emojis and memes. Don’t play with what you can’t afford to lose. |
Anonymous
| Looks like amc is next gamma squeeze. Going to 25 today |
Anonymous
Mangement at AMC would be CRAZY not to have a share offering if the price goes up to get a huge windfall of cash to help them survive. |
Anonymous
| AMC will go past $30 today! |
Anonymous
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GME $330+ Gamma squeeze is just beginning.
When will people learn that CNBC is part of the elitist regime that's angry that the little guy is now winning? Screw CNBC and their hit piece this morning trying to scare investors away. We aren't stupid and ignorant anymore. The internet has opened up information to all. Everyone knows there's still huge short interest in GME that's going to get slaughtered. |
Anonymous
And risk getting hit with securities fraud suits. |
Anonymous
For what? Wouldn't it depend on how the shares/risks were disclosed in the offering doc? I guess your right there would be a lawsuit -- there almost always is if there is a big stock drop -- but that doesn't mean there would be real exposure. |
Anonymous
| posted in here back in December I said "Getchor Popcorn ready" I was long on GME since last year. All I got out of here is someone said "learn to write better" ha ha I have an MBA but thats not needed I just retired.. |
Anonymous
A lot of people made a lot of money. At some point it will end, but no-one knows where or when |