No Excuses Posted January 26, 2021 Author Share Posted January 26, 2021 It’s at 187 now after a single tweet from Elon Musk saying “gamestonk” Link to comment Share on other sites More sharing options...
CousinsCowgirl84 Posted January 26, 2021 Share Posted January 26, 2021 Damn your telling me it wasn’t to late to hop on this **** yesterday..... 8 minutes ago, No Excuses said: It’s at 187 now after a single tweet from Elon Musk saying “gamestonk” musk hates short sellers... 1 Link to comment Share on other sites More sharing options...
No Excuses Posted January 26, 2021 Author Share Posted January 26, 2021 Eclipsed 200. Link to comment Share on other sites More sharing options...
Fergasun Posted January 26, 2021 Share Posted January 26, 2021 Doesn't this demonstrate there's something wrong with the market / traditional investment? Seems like $M are in play on a trade against $B hedge funds.... Will the Fed bail out the hedge fund losses? The stock could even hit $250.... does this mean Gamestop Executives could cash out selling to hedge funds covering losses for betting against them? There is a guy who went in with $50k (allegedly) and is still holding onto $22M. He already cashed out $4M.... Link to comment Share on other sites More sharing options...
techboy Posted January 26, 2021 Share Posted January 26, 2021 18 minutes ago, Fergasun said: Doesn't this demonstrate there's something wrong with the market / traditional investment? Seems like $M are in play on a trade against $B hedge funds.... "The total market capitalization of the U.S. stock market is $50,808,508.7 million (12/31/2020" https://siblisresearch.com/data/us-stock-market-value/ This is just a drop in the bucket, if a fascinating one. Good luck manipulating the stock market as a whole. The earlier comment was right, though... This is just another good reason to avoid single stock risk and stick with low cost, broadly diversified index funds. Link to comment Share on other sites More sharing options...
Momma There Goes That Man Posted January 26, 2021 Share Posted January 26, 2021 (edited) Spoiler for language Spoiler Edited January 26, 2021 by Momma There Goes That Man 1 1 Link to comment Share on other sites More sharing options...
No Excuses Posted January 26, 2021 Author Share Posted January 26, 2021 1 hour ago, Fergasun said: Doesn't this demonstrate there's something wrong with the market / traditional investment? Seems like $M are in play on a trade against $B hedge funds.... Nah, some hedge funds got caught with their pants down and are paying for it. Probably a mistake others will avoid in the future. It’s a costly lesson for a small collection of suits. 2 Link to comment Share on other sites More sharing options...
GoCommiesGo Posted January 27, 2021 Share Posted January 27, 2021 2 hours ago, No Excuses said: Nah, some hedge funds got caught with their pants down and are paying for it. Probably a mistake others will avoid in the future. It’s a costly lesson for a small collection of suits. Melvin Capital is getting crushed right now. They are closing other positions and had to get a 2.75 billion dollar investment from another hedge fund. This is absolutely epic, they’ve pushed the price past the point of no return for institutional investors. I’m happy watching this from the sidelines. Link to comment Share on other sites More sharing options...
Fergasun Posted January 27, 2021 Share Posted January 27, 2021 This is hilarious. When the article was written, GME had spiked to 133. 2 days later they have pushed the price up to 280. Speculation is it could hit 500 or 1000. I wouldn't have the stones to keep in this trade. One trader getting all the attention turned $50k into $4M cash and riding at $17M profit two days ago. No idea what he is looking at. Basically so many people have shorted the stock, they need to buy to cover and whonever is doing the squeeze is not selling. There are also options going on... they self described as autistic, because who would be dumb enough to invest in Gamestop. Link to comment Share on other sites More sharing options...
spjunkies Posted January 27, 2021 Share Posted January 27, 2021 I just purchased 25 shares of AMC. Might as well give it a shot lol. 2 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 27, 2021 Share Posted January 27, 2021 18 minutes ago, spjunkies said: I just purchased 25 shares of AMC. Might as well give it a shot lol. I have a pending request for $1k worth on robinhood. Be nice to see it entered. 1 Link to comment Share on other sites More sharing options...
spjunkies Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, BatteredFanSyndrome said: I have a pending request for $1k worth on robinhood. Be nice to see it entered. My order is still pending. I have a feeling it's going to be canceled for "reasons". Oh well Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, spjunkies said: My order is still pending. I have a feeling it's going to be canceled for "reasons". Oh well Same. 1 Link to comment Share on other sites More sharing options...
Spaceman Spiff Posted January 27, 2021 Share Posted January 27, 2021 Is AMC poised to be the next GME? Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 27, 2021 Share Posted January 27, 2021 My purchase was just rejected, no reason given. Link to comment Share on other sites More sharing options...
spjunkies Posted January 27, 2021 Share Posted January 27, 2021 Bed Bath and Beyond is also making big moves today More expensive to buy in though. Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 27, 2021 Share Posted January 27, 2021 Accepted, now a proud owner of 64.6 shares that will probably plummet now. Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted January 27, 2021 Share Posted January 27, 2021 11 minutes ago, Spaceman Spiff said: Is AMC poised to be the next GME? You need to get some Circuit City stonk, my man. 2 Link to comment Share on other sites More sharing options...
No Excuses Posted January 27, 2021 Author Share Posted January 27, 2021 (edited) 32 minutes ago, Spaceman Spiff said: Is AMC poised to be the next GME? No, it isn’t as heavily shorted. Hedge funds went full moron on GME. Although who knows, it is shorted a lot itself and it’s not going bankrupt anytime soon and people might be returning to theaters in the coming months. 🤷🏽♂️ Edited January 27, 2021 by No Excuses 1 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 27, 2021 Share Posted January 27, 2021 And the fix is in... With an abundance of caution they aren't allowing it to explode. Link to comment Share on other sites More sharing options...
Spaceman Spiff Posted January 27, 2021 Share Posted January 27, 2021 30 minutes ago, TryTheBeal! said: You need to get some Circuit City stonk, my man. That's totally the kid from Last Action Hero. Link to comment Share on other sites More sharing options...
DCSaints_fan Posted January 27, 2021 Share Posted January 27, 2021 1 hour ago, spjunkies said: I just purchased 25 shares of AMC. Might as well give it a shot lol. If you follow Wallstreet bets, BB is the new GME 2 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted January 27, 2021 Share Posted January 27, 2021 I bought 60 shares of AMC I'm okay if it crashes and burns, my hope is it hits around $70 so I can pay off some school debt easily 1 Link to comment Share on other sites More sharing options...
Spaceman Spiff Posted January 27, 2021 Share Posted January 27, 2021 4 minutes ago, Barry.Randolphe said: I bought 60 shares of AMC I'm okay if it crashes and burns, my hope is it hits around $70 so I can pay off some school debt easily I bought a few shares, too. 2 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted January 27, 2021 Share Posted January 27, 2021 3 minutes ago, Spaceman Spiff said: I bought a few shares, too. to use Reddit speak, I'm glad to meet a fellow retard 1 Link to comment Share on other sites More sharing options...
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