It's almost guaranteed to spike on Friday and plummet into Monday and another squeeze may happen next week depending on how many shorts close their position
2021 Stock Market
- Thread starter SoapyCy
- Start date
It's almost guaranteed to spike on Friday and plummet into Monday and another squeeze may happen next week depending on how many shorts close their position
I got in on GME in early December.
Ryan Cohen, who started Chewy and sold it for over $3B to PetSmart is an activist investor in GME and was placed on the board of directors a couple weeks ago. He owns ~10% of the company. This was a major source of the bullish sentiment.
In addition, as has been mentioned, GME was/is the most shorted stock in the US, which made it a prime target for a squeeze.
Elon tweeted about it after hours which sent it skyrocketing. I expect $300+ tomorrow.
Ryan Cohen, who started Chewy and sold it for over $3B to PetSmart is an activist investor in GME and was placed on the board of directors a couple weeks ago. He owns ~10% of the company. This was a major source of the bullish sentiment.
In addition, as has been mentioned, GME was/is the most shorted stock in the US, which made it a prime target for a squeeze.
Elon tweeted about it after hours which sent it skyrocketing. I expect $300+ tomorrow.
Why should they?
They should go after the dumbfucks that shorted a stock 140% of all total shares.
If boomers can buy a stock based on Jim Cramer pushing a button or a dumb ass Motley Fool article than I can buy a stock based on a reddit post.
We've been ****** so long by wall street execs telling them they know more than us and make us pay obscene fees. They're scared that the retail investors can trade cheaply or freely and have open forums about discussing trades and strategy. "You just don't know any better. Pay me 1.5% (and I won't even beat an index etf)"
Their livelihood is disappearing in front of their eyes. They make things purposely complicated and manipulate markets on their own for their own profit to **** over the little guy.
"Work smarter, not harder" but "not like this" **** off Wall Street. You deserve to pay for 2008 and ******* over a generation of the workforce. Time to eat your shitcake
My favorite part is WSB used to just be G/L porn of users YOLO-ing their $20k savings into $1.5M or losing it all on ridiculous option trades and some solid memes. Now it's become a coordinated effort to stamp out shorts, I say good riddance. **** shorts.
Sell first thing tomorrow morning, it’s a garbage stock and has no business being anywhere near these levels.
Why sell now? Ride it up and put in a stop if you're really that worried about losing what you've got. As "they" say let your runners run.
"Garbage company" with strong foundations and the only player in the market going through new management and changing their business model to be the center of gaming. Being manipulated by more shorts than existing shares and people caught these funds with their penis in the cookie jar.
Don't stick your penis in the cookie jar and maybe it won't get cut off.
On the gamestop thing, this isn't a bunch of redditors that are manipulating the price. Institutional ownership is ~60% of total float, leaving 30-40% of actual float to trade, causing a liquidity issue when 130% is shorted. Naked shorting is what has led to this situation. Smart people identified this and jumped on the situation.
Cohen and his Chewy brethren have a vision to turn Gamestop into the epicenter of e-gaming, an under served market segment. This, plus some promising financials, along with a bit of social media has created the perfect storm.
As for 2021 in general, I'm expecting SPACs and raw materials to perform above market.
Cohen and his Chewy brethren have a vision to turn Gamestop into the epicenter of e-gaming, an under served market segment. This, plus some promising financials, along with a bit of social media has created the perfect storm.
As for 2021 in general, I'm expecting SPACs and raw materials to perform above market.
I have $6 March calls I bought when AMC was at $4.30ish. We're at $8.25 after hours...
Let's ******* go
I'm guessing you've said the same thing every day for the past week, yet it's continued to soar.
I'm not suggesting anyone should get in now with anything more than they're willing to lose, but seems just as likely to get to $1,000 at this point as it does to get back to $40.
Late to the party - Is there still any value left? This movement has me jazzed. I want to get in less for the money and more for the **** YOU to the “pros” (but money is good too).
There's a lot of movement left. All calls will be in the money Friday. It's going to the moon.
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That's why my retirement (Back door roth IRA and 401k) are basically just boglehead lazy portfolios and I was up ~30% last year. I am not going to change that strategy ever. Just keep doing my allocation as necessary and let it ride.
My option plays are literally coming out of my gambling money. Instead of Vegas it's just Wall Street. If I am up, great. If not, it probably lasted longer than a night at the MGM Grand.
That's why my retirement (Back door roth IRA and 401k) are basically just boglehead lazy portfolios and I was up ~30% last year. I am not going to change that strategy ever. Just keep doing my allocation as necessary and let it ride.
My option plays are literally coming out of my gambling money. Instead of Vegas it's just Wall Street. If I am up, great. If not, it probably lasted longer than a night at the MGM Grand.
It might legit hit $2000 for a brief moment. $1000 more likely since that seems like what a lot of these reddiors have as their limit. I have half my shares (like 10 of them lol) limit ordered at $996 just in case I am in some meeting and can't pull the trigger.
You are better then me, I look at all my financial accounts daily (401, 529s, brokerage accts). I ask my wife like once a quarter her 401 balance and she acts like Im pulling her teeth out.
