2021 Stock Market

[BCClone]

I think my thought from friday is playing out. There are people who had calls that now have 100 shares for each of them sitting in their account worth 30,000 per call. They have decided to liquidate some of them (can't hurt right?) and that is driving pressure down on GME.

 

[jpete24]

Anybody who is still using only a Robinhood account right now is completely behind the eight ball. If/when GME spikes, do you really trust that they will sell it when requested?

 

[jpete24]

what makes you think it'll spike?

If/when

 

[Gunnerclone]

 

[isuno1fan]

Anybody who is still using only a Robinhood account right now is completely behind the eight ball. If/when GME spikes, do you really trust that they will sell it when requested?

It ain't spikin again to the levels it saw before. That ship has sailed IMO.

 

[06_CY]

I'm still not able to join the party; waiting on account verification.

 

[jpete24]

It ain't spikin again to the levels it saw before. That ship has sailed IMO.

How are the hedge funds covering their shorts? They eventually have to buy the stock at the current market price.

 

[isuno1fan]

How are the hedge funds covering their shorts? They eventually have to buy the stock at the current market price.

Believe it'll drop more before they buy and yes that will raise the price again temporarily, but not for very long IMO.
This is going to continue to happen, but the ball moves so fast if you aren't on top of things at the outset, you are probably more likely to lose money. Not a good way to go about things IMO.

To each their own.

 

[jpete24]

Bloomberg reported short interest is down to 50% of float from a high of 140% last month. Thursday the price dropped into the $100s and today the price dropped quickly, so I bet hedge funds bought them up quick at those times.

A lot of people saying that you can't believe Bloomberg though as you don't have to disclosure your shorts accurately, so a lot of talk about media manipulation to get people to move off GME.

 

[frackincygy]

Bloomberg reported short interest is down to 50% of float from a high of 140% last month. Thursday the price dropped into the $100s and today the price dropped quickly, so I bet hedge funds bought them up quick at those times.

Do you know what the physical number "140%" represents? $GME "outstanding" float is ~70M shares. 1.4 x 70M = 98M shares need to exchange just to cover short positions - i.e. no accounting for new long positions (i.e. "Diamond Hands"), no accounting for inside ownership (which must disclose sales exceeding $25k and typically cannot sell outside of scheduled sales), no accounting for institutional ownership.

How many shares traded from mid-Wednesday until now? ~120M in total?

FUD at it's finest.

**I am not a professional, but I STILL like this stock

 

[PSYclone22]

$TSLA both literally and figuratively continues on its way to the moon

 

[nickoff]

Bloomberg reported short interest is down to 50% of float from a high of 140% last month. Thursday the price dropped into the $100s and today the price dropped quickly, so I bet hedge funds bought them up quick at those times.

You believe Bloomberg?
Those guys have reported so much BS and false info the last few years I've been following stocks, it is shameful.
Just on Sprint / Tmobile merger alone they had all kinds of BS.
No way the short interest is down to 50%.

 

[AuH2O]

Do you know what the physical number "140%" represents? $GME "outstanding" float is ~70M shares. 1.4 x 70M = 98M shares need to exchange just to cover short positions - i.e. no accounting for new long positions (i.e. "Diamond Hands"), no accounting for inside ownership (which must disclose sales exceeding $25k and typically cannot sell outside of scheduled sales), no accounting for institutional ownership.

How many shares traded from mid-Wednesday until now? ~120M in total?

FUD at it's finest.

**I am not a professional, but I STILL like this stock

I also wonder how many of the current retail investors that either sold some of their positions will keep jumping back in as it gets lower. It seems like we saw some of that on Friday - it dipped to levels that I doubt were low enough from much short covering, but buyers kept jumping back in.

 

[pulse]

You believe Bloomberg?
Those guys have reported so much BS and false info the last few years I've been following stocks, it is shameful.
Just on Sprint / Tmobile merger alone they had all kinds of BS.
No way the short interest is down to 50%.

Yeah Bloomberg isn’t trustworthy, and this is from their history over the past few years.

 

[ianoconnor]

FUD. All these articles about Silver, how WSB is onto the next thing, etc. It's all trying to distract from GME.

 

[PSYclone22]

you can almost set your watch to the humps of stock trading. Hills up or hills down.

when's the next one happening?

 

[Fitzy]

Volume continues to get lower and lower. Something tells me the final hour of trading today is gonna be wild.

 

[jpete24]

all i know is when we went to $270 from $215 i knew i should've sold

View attachment 81437

I'm not sure you can set your watch to you drawing three arrows........

 

[tman24]

when's the next one happening?

nothing. big investors/corporations want people to move from gme.

 

[BCClone]

How are the hedge funds covering their shorts? They eventually have to buy the stock at the current market price.

Not the shorts with sold puts. Those hit accounts on friday.