GameStop short squeeze

a nice double digit profit

Those are rookie numbers! :wink:
Seriously, i dont know where this :rocket: is going, but it is not done yet it seems.

Let us wait for the us markets…

1 Like

I also have a smaller position without a cap on it. Looking forward to see where it goes. I’ve made some extra money with the volatility since September and I’m trying not to get too greedy now.

There’s been a lot of ”loss porn” earlier. Now is just a phase of gains because everyone is focused on the squeeze. Loss porn is even encouraged there.

2 Likes

I was just joking, every gain is great of course!
Let’s see where it goes, exactly.
GME $1000 :upside_down_face:

1 Like

Currently 124 (+92%)

10 minutes later
image
and 1 minute later back to yours - beautiful chaos! :rofl:

1 Like

YOLO to see such things.

They must have stopped trading because it froze at 132. :smiley:
Edit: that was just YF Javascript not being able to cope with the pace of change.

PLTR is miserable at just +12%. :smirk:

People also Watch :wink:

image

3 Likes

Imagine what the update from Deepfuckingvalue will look like!

Probably the BBBY was mistaken as the ticker for BlackBerry…

6 Likes

What a time to be alive. GME trading was halted three times in 30 minutes.

Around 11:05 NYSE time there was an abrupt crash in GME, PLTR, CRSR. Once trading continued they all bounced back. Looks like a short attack to me.

Crazy. People should get back to traditional, conservative value stocks like TSLA.

18 Likes

FWIW it does seem closer to Tulip mania - Wikipedia than to the famous Porsche/VW short squeeze (where Porsche had secretly built a 75% position, while the gov had 20%, so only 5% left).

When the music stops there’s likely to be some losers :slight_smile: (but I guess people like playing)

Edit: today’s money stuff is on GME The GameStop Game Never Stops - Bloomberg

If pure collective will can create a valuable financial asset, without any reference to cash flows or fundamentals, then all you need is a collective and some will. Just hop on Reddit and create value out of nothing. If it works for Bitcoin, why not … anything? Why not Dogecoin? Why not Signal Advance? Tesla Inc.? GameStop?

4 Likes

I’m asking myself if one could reliably short such mistake pumps… SIGL a few weeks ago and now BBBY…

Wasn’t it the same with ZM vs ZOOM?
ZM is the actual ticker symbol for Zoom

Here you go:

1 Like

something I didn’t really get. (I’ve only buy ETF at the moment :))
They do buy stock ? or it’s only option ?
Until when do they want to keep the stock ?

For many, half an hour or so, if you look at the price swings of yesterday (~90 → ~160 → ~80).
image

There is no one group acting in unison but generally the WSB crowd is holding shares on this one. Many also have call options.

Some are truly long on the stock (value play), others wait for a magical even number ($1000) before selling. It you have the time to read more, someone has summarized the value thesis and some bull cases on gmedd.com (DD stands for due diligence).

The swings yesterday were due to multiple reasons: trading halts, big players getting margin called, SPY crashing and recovering(!) etc. I don’t think most retail folks day trade on this one.

1 Like
1 Like

Yesterday was very fun, I dropped a bit of money on GME at the opening, sold roughly an hour later with +50% of gain and repurchased again later that day (I put the gain on BlackBerry…because with not I guess). I will hold until Friday just to see, what is happening is mind blowing.