GameStop short squeeze

that is probably going to be the modus operandi for the coming days. :sweat_smile:
100 shares at 36 is great, I mean you can ride it for a bit longer and then decide. Looking at the eu premarket, there seems to be a lot of volatility (and room above). Buckle up, I guess haha.

I considered entering the game at 88 yesterday, but my FOMO was weaker than my fear of losing stupidly. I’d only bought 10 or so, so yeah, if the price does go up to 1000 I am “only” missing out on a 8000 CHF or so gain :cry:

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FOMO is hardcore with GME, you are totally right!

Increasingly the 1000 price point sound almost doable. WSB already starting to mention 5k here and there haha.

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This is why I always have 6 months expenses in cash at hand as an emergency fund. I dip into YOLO plays with money I can lose to have some fun.

DIAMOND HANDS LADS - WE ARE GOING TO SEND THIS TO VALHALLA

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Gains are still gains. We all have our individual risk tolerance so it’s not really productive to compare positions. I would not give in to FOMO at this stage unless you truly have loose cash to burn. Getting those share at $80 still makes a good tale to tell afterwards. :slight_smile:

Looking back at my own choices with perfect hindsight: yes I am missing on massive gains right now due to my covered call. Currently it looks like I could be up $30k on my position. Well no one knew this when I sold that call. On the other hand I’ve collected options premium from GME since September and it was always my plan to wheel this stock.

I averaged in after I noticed this is taking off and by cautious estimates I can still make $10-12k profits out of a ~$5000 “investment”. In any other environment that would be a great achievement given it’s been less than a month. The current market can make us blind. For that reason I’m unwinding by averaging out by placing limit orders on the way up.

Yeah, my “only” 8000 missed profits was in jest, the return would be amazing. But since I didn’t buy, by profits as well as losses are 0. Anyway, this story is amazing. Hoping for a happy end and then next time I’ll join the WSB crowd :partying_face:

According to Zero Hedge (link here) there are many other shorts waiting to be to detonated…

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premium members only…

Ow.
I’ve got the full article without ads for free with the RSS feed: ZeroHedge News

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bought 100 in Dez. for 16$ and sold after a few days because of no movement :laughing: :sob: on the other hand, my AMC shares are “riding along” (for whatever reason) +125% pre-market today

If this goes to 1000 and beyond, a few of you here are ready to FIRE in a couple weeks. :stuck_out_tongue:

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This is why I got in - its a chance to be part of a once in a generation event. For too long the big boys have manipulated the market and now its time for pay back.

But please please - if you are a newbie reading this thread do not FOMO into this stock with money you can’t afford to lose, there is a serious chance I could lose the full 10k I invested in this today or later this week (but I am OK with that).

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BTW, same with AMC

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yes… pre-market is going crazy… I guess we’re going to see GME @ 420.69$ sooner than later :laughing:

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Yes, I would also like to drop a few “unneeded” thousands… However, I never played with options and don’t understand them at all. I guess buying just some shares may be a way to go?

PS. I hope you won’t take it as a sign to escape, if people having no idea about what they are doing are entering the market. :rofl:

Haha I don’t play around with options - I don’t understand them and don’t want to trigger any potential CGT.

I just bought 120 shares at 90 USD on Monday and plan to hold for the ride - I am tempted to sell and recover my original 10k investment later today and then just diamond hands all the way up to 1k :wink:

They will make a movie out of this on netflix in years to come - I want to be a part of this story, that one time a bunch of strangers across the internet organised themselves to take down a Hedge Fund - epic.

The simplest thing you can do to help the cause is market buy shares when the US market opens, and hold (but only what you can afford to lose - even 1 share will do).

Looking at Germany - the stock is already up 234% today so I expect some fireworks later today when the US Market opens : GAMESTOP CORP. A (GS2C.DE) Stock Price, News, Quote & History - Yahoo Finance

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All things aside, this isolated sounds like a Ponzi. :grin:

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Whatever it is - enjoy the ride.

Because a bunch of strangers on the internet just did this…

I think the correct name is pump and dump, ponzi is somewhat different.

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IMHO in this case correct to some extent BUT keep in mind, GME is/was shorted +140%. Anyone (naked) shorting under such circumstances deserves to get burnt.

I see it more like play to initialize “market given patterns” (gamma / short squeezes) - what obviously seems to work - fueling the chain reaction even further