Reply to Gamestop

Forum Index » Money and Finances

Reply to "Gamestop"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm a novice and don't plan to get involved, but I think I'm understanding the story .... Won't some of the reddit folks lose their shirts when the value corrects?  Or is that bet that, if enough of them agree to stay in (not cash out), then the value stays up? That's the part I'm not following.[/quote]

Yes, now you see the idiocy in this entire thread.  [/quote]

No. This is a very sophomoric explanation.

Hedge fund a-holes shorted the stock ... they only make money if it goes down and they expect it to go down. They “promise” to buy it, they plan to buy it low.

The Reddit geeks bought the stock and drove up the stock. The hedge fund a-holes had to buy high, geeks sold off to  hedge fund a-holes.[/quote]

So the Reddit geeks also sold? I thought they were holding? Ugh, I wish I wasn’t dumb. [/quote]

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.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics