Economy stonks v12, gamestonk?

[brackis1]

Can someone explain the gamestop situation to me? It seems like everyone on wsb is saying don't sell, but at what point does that change? When everyone who has been holding tries to sell, won't the price crash and most of the gains be lost?

Yes.
Litrerally the only thing backstopping it is huckster Chamath's call buys with a 115 strike price.

 

[Hadron90]

Can someone explain the gamestop situation to me? It seems like everyone on wsb is saying don't sell, but at what point does that change? When everyone who has been holding tries to sell, won't the price crash and most of the gains be lost?

The numbers suggest there is still a lot more shorts to squeeze. But you are correct in assuming that when the selling starts, it will be brutal. I bought my one share just for the memes and because at this point $115 is nothing to my portfolio at all.

 

[Wadtucket]

Can someone explain the gamestop situation to me? It seems like everyone on wsb is saying don't sell, but at what point does that change? When everyone who has been holding tries to sell, won't the price crash and most of the gains be lost?

Price goes down when people sell

That's about all you need to know

Spoiler

Hedge funds have promised to sell shares they don't own and they are on the hook to buy them if the price is higher than their bets

 

[Gas121]

Can someone explain the gamestop situation to me? It seems like everyone on wsb is saying don't sell, but at what point does that change? When everyone who has been holding tries to sell, won't the price crash and most of the gains be lost?

Diamond fucking hands boyo. Don't sell as shorts have less to borrow. There already under trememdous pressure here. When the sell off begins who knows but wsbets are holding the line. I think shorts will get crushed in a matter of weeks.

Any BB holders here? Just bought 1000 for a long hold.

 

[MMAisGod]

Price goes down when people sell

That's about all you need to know

Given the context here, this is the greatest simplification in the history of the stock threads.

 

[Wadtucket]

The funny thing about this Gamestop run will be that retail investor will be pumping the shittiest stocks non-stop now. People were already complaining the markets were divorced from reality because of Tesla's run. Now the markets will inverse reality as we watch all the worst companies' share prices moon all year.

Yes all the salty gay latecomer sour grapes cucked boomers who are crying on the sidelines about GME will try to replicate this once in a decade event and cause greedy FOMOers to lose all their money in Bed Bath and Beyond

 

[boingyman]

nice one. When TLSS gets back to a penny get your 20,000 shares there as well.

what can go wrong with stocks like these?

It's a random bet, but I don't mind with such a small amount.

 

[Gas121]

Yes all the salty gay latecomer sour grapes cucked boomers who are crying on the sidelines about GME will try to replicate this once in a decade event and cause greedy FOMOers to lose all their money in Bed Bath and Beyond

Looks like BB is the next target?

BBY is going to continue to moon as well..

 

[Hadron90]

Diamond fucking hands boyo. Don't sell as shorts have less to borrow. There already under trememdous pressure here. When the sell off begins who knows but wsbets are holding the line. I think shorts will get crushed in a matter of weeks.

Any BB holders here? Just bought 1000 for a long hold.

300 BB shares with cost avg of $9.50.

 

[PaleMoonlight]

300 BB shares with cost avg of $9.50.

I’m not as rich as you guys, 61 @ $13.

 

[Gas121]

300 BB shares with cost avg of $9.50.

Let's ride it bro. Diamond hands. I'm in large. Once cciv rips I'm in for more.

 

[Revolver]

Alright I'm in BB as well.

 

[Revolver]

I got SBUX reporting today. Hopefully they kill it and then Boeing tomorrow am and Apple after hours. LFG

 

[Soul_of_Rage]

I bought 60 shares of BB... I went back in deep with CCIV today when it was at $23.

 

[dirtypablo]

Diamond fucking hands boyo. Don't sell as shorts have less to borrow. There already under trememdous pressure here. When the sell off begins who knows but wsbets are holding the line. I think shorts will get crushed in a matter of weeks.

Any BB holders here? Just bought 1000 for a long hold.

So, what triggers the sell off? How do you not end up as one of the last guys selling?

 

[Gas121]

So, what triggers the sell off? How do you not end up as one of the last guys selling?

In trading its like a game literally. The big boys may dump all of a sudden which makes others panic sell. You need diamond hands for stocks like this. These stocks with swings as big as gme are dangerous as fuck if you cannot lose.

By the way. GME is going to rip over 200 easy tommorow. I think it's pretty much over for the shorts.

 

[G-19]

Diamond fucking hands boyo. Don't sell as shorts have less to borrow. There already under trememdous pressure here. When the sell off begins who knows but wsbets are holding the line. I think shorts will get crushed in a matter of weeks.

Any BB holders here? Just bought 1000 for a long hold.

Citadel had to bail out shorts so you know damn well they’re doubling down. I hope they all get fucking burned alive on this one. Citron and Melvin are scumbags so it’s not like good people are having their kids college funds wasted away here.

 

[Hadron90]

So, what triggers the sell off? How do you not end up as one of the last guys selling?

If you are scared of bagholding (being one the last to sell), you probably should steer clear of Gamestop. Its high risk/high reward. Its either going to keep mooning +100% every day, or its going to get fucking crushed by into the teens. But this isn't a typical situation. You probably should try playing around with some other stocks first so you don't lose all your money the first day on the market.

 

[Gas121]

If you are scared of bagholding (being one the last to sell), you probably should steer clear of Gamestop. Its high risk/high reward. Its either going to keep mooning +100% every day, or its going to get fucking crushed by into the teens. But this isn't a typical situation. You probably should try playing around with some other stocks first so you don't lose all your money the first day on the market.

I legit think wsbets are going to win here. Shorts are fucked and as long as these autists aren't closing positions it's over for them. It looks like they will hold the line.

Would not be surprised to see gme to 500 end of week. That's how fucking nuts this stock is.

 

[Hadron90]

I'm getting dangerously close to get assigned on my $FEYE puts I sold (2x$21.5 for Friday). Its been like 6 months since I've got assigned anything.