Economy stonks v12, gamestonk?

[Gas121]

???

It already hit $243 after market and currently sits at $209.

OH yes duh I was to fixated on the chart lol. So ignore that part. But regarding the dumps, this is relevant for trading the stock. Check the daily bottoms. We can all learn something who's in GME stock in regards to the dumps. Watch for this pattern tommorow. I may try to time it but its hard to get the trade executed with the halts all the time.

 

[brackis1]

I just keep winning with these SPACs.
https://www.bloomberg.com/news/arti...-is-said-to-discuss-spac-deal?srnd=markets-vp
1 bill deal for some shitty mobilegaming co that I've actually used before to scam their rewards system out of a bunch of free rooms and meals at various vegas casinos lmao.
Currently have like 10 nights worth of rewards saved up for whenever it's legitimately safe or I've gotten teh jab

 

[PaleMoonlight]

it could blast off and then dump shortly after. There were around 7 large dumps throughout trading today, same pattern. Traders panic sell at that point. And actually what happens after the dump is GME proceeds another upwards movement, pretty much blasts right back up. The dumps are fairly major, especially the last two dumps. Take a look at the charts, it is very obvious and telling.

Its hard to tell, but my bet would be a dump somewhere near open. And some serious momentum afterwards. Its hard to buy in immediately at these points with the halts etc. I would probably hold through the day rather than trade a stock as wild as GME.

Good luck fella.

Thanks man. I’d give you a like but Sherbro is stingy as hell with it.

I think my body is ready for another 7-8 stocks tomorrow.

 

[brackis1]

Thanks man. I’d give you a like but Sherbro is stingy as hell with it.

I think my body is ready for another 7-8 stocks tomorrow.

Yes I too would like to give likes but am getting stiffed on mine -_-

 

[brackis1]

Also lol @ all the people lurking this thread now; the herd is here folks! Say hi and step right up; I recommend betting the pass line.

 

[ITsallinthegifs]

He's a shorter gay boom bear gay cuck soy cuck and so on and so forth since the beginning, undermining GME at every step

 

[Cuzcatlan]

Also lol @ all the people lurking this thread now; the herd is here folks! Say hi and step right up; I recommend betting the pass line.

Lurkers!? What do you think they after?

 

[Proud American]

Can someone explain to me what this actually does to hedge funds?

 

[rob mafia]

Can someone explain to me what this actually does to hedge funds?

removes possible shares from the pool for covering.

edit: oops, meant to say "removes possible shares from the pool for borrowing"

 

[Proud American]

removes possible shares from the pool for covering.

Thanks, but can you explain that more? I don’t invest. I only have my 401k and then i have a Roth IRA. But I don’t ever move stuff around in them.

I assume the pool is the huge money ball slush fund. And they can make bets using the money ball, but a percentage of money ball must be there to cover losses. You can’t overextend. You can’t bet all money at once.

so by taking it out, the funds can make less bets right? So If they were used to(I’m choosing numbers) say being able to bet/move/leverage 400 billion at a time, and people move their money out of the money ball, and the funds then can only have $100 billion at their disposal....what exactly happens to the funds? Just less profit?

 

[rob mafia]

Thanks, but can you explain that more? I don’t invest. I only have my 401k and then i have a Roth IRA. But I don’t ever move stuff around in them.

I assume the pool is the huge money ball slush fund. And they can make bets using the money ball, but a percentage of money ball must be there to cover losses. You can’t overextend. You can’t bet all money at once.

so by taking it out, the funds can make less bets right? So If they were used to(I’m choosing numbers) say being able to bet/move/leverage 400 billion at a time, and people move their money out of the money ball, and the funds then can only have $100 billion at their disposal....what exactly happens to the funds? Just less profit?

i mispoke, anyway. i meant to say borrowing, not covering. tl;dr - the less shares available to borrow, the more expensive it is to short and harder it is to short (sometimes, the brokers just don't have shares to allocate).

and if you have a 401k/roth, i hope you do invest... otherwise, you'd just be earning a miniscule amount of interest. but yeah, i presume you mean it's in a fund.

and no, it's kinda similar to that... but basically the opposite. it means the fund/broker/etc couldn't lend your shares out to a shortseller. they would lend it to collect interest on the shares.

 

[Proud American]

i mispoke, anyway. i meant to say borrowing, not covering. tl;dr - the less shares available to borrow, the more expensive it is to short and harder it is to short (sometimes, the brokers just don't have shares to allocate).

and if you have a 401k/roth, i hope you do invest... otherwise, you'd just be earning a miniscule amount of interest. but yeah, i presume you mean it's in a fund.

and no, it's kinda similar to that... but basically the opposite. it means the fund/broker/etc couldn't lend your shares out to a shortseller. they would lend it to collect interest on the shares.

Thanks for explaining. I still don’t really get it.

but I Should start looking into it.

 

[rob mafia]

holy shit. if this is real, citron (aka andrew "nothing" left) is a bigger moron than any of us thought...

https://empirefinancialresearch.com...y-thoughts-comparison-to-tilray-my-prediction

apparently, his words:


The market has come to its lowest form. This is even crazier than Tilray (TLRY) [see below] and Tesla (TSLA). The Reddit crowd apparently said, “Let’s find a company that’s completely dead – and because everyone knows that, there’s a big short interest – and engineer a short squeeze.”

There’s not a five-year-old in the country who can kick my ass… but 1,000 of them probably could. That’s what happened here.


Even so, my losses have been minimal – and I’m making it back by selling ridiculously priced calls. For example, when the stock was at $75 today, I was getting paid $18 for $90 strike calls and $14 for at-the-money calls that expire on Friday! If you’re a professional player, you adjust to the market to make money off it.

There’s no “there, there.” GameStop is toast. If they’re smart, they’ll do an equity offering, but then they’ll continue puking quarter and quarter and the Reddit traders will move on. They’re already saying, “What’s the next one we’re going to go after?” They are so crazy they wouldn’t buy a stock that would make them 40% in a year. I’ll bet most of them aren’t even aware that they’re going to have to pay taxes on their 2020 gains on April 15.

I’ve never been more bearish on the market than I am right now because of foolishness like this. The market today is a total get-rich-quick scheme. The lunatics are running the asylum.

I don’t know how it ends, but it’s not sustainable. The frenzy, the gang mentality, if you say anything negative, they go crazy on you, posting their trade tickets and bragging about their winnings… It’s nutty.



(i'd question if this is balls of steel or brains of mush, but it seems to be a no-brainer. it's possible he'll get a little lucky and get gme to close near/under $110 on friday... but these short calls are currently a disaster)



and on a related note, melvin is now being targeted in the euro markets. 3 companies they're short (1 is cdproject [cyberpunk77], lolz ) are being run up.



evotec se up 19.69%
varta ag 8.49%
cd projekt sa 7.33%

bloomberg's covering this repeatedly from 2:30am til now.

gabe plotkin/melvin might be fuuuuuuuuuuuuuuuuuuuuuuuuuuucked. i can't imagine citadel gave him good terms for that $2.75B

 

[Gas121]

Just lol Citron are getting wrecked. There finished.

All heavily shorted stocks are going to fucking moon by the looks of it and there is nothing these big players can do about it. To make matters worse social media are all over it. Now joe bloggs wants to sign up and buy GME. The power of the social media and the internet is now being used by the peasants like never before. Now is the time to buy every last drip of these stocks and make these guys bleed.

Its going to be fun when BB starts booming next. Looks like money will be pouring in this stock too so I guess if you are feeling strong FOMO. Now is your chance to ride this stock to the moon.

GME & BB - Get ready for blast off.

 

[rob mafia]

Its going to be fun when BB starts booming next.

dude, it's already up 100% for the week. haha.

 

[Gas121]

dude, it's already up 100% for the week. haha.

Lol rob, what's 100%? these are minuscule gains. This market is all about moons and not pops anymore!

I actually like BB stock anyway however the chat about BB is starting to gain serious momentum too. It seems very obvious whats about to happen here. Once GME is finished, BB will get pumped to stupid levels as well. Let's see what happens.

 

[PaleMoonlight]

Is BB also shorted a lot?

Went to GameStop earlier and got a Nintendo $60 digital card. Was going to buy a PS5 digital game too but clerk said they only sell physical copies.

He asked if I wanted to renew my membership card. I just renewed it like a month ago. But since I’m a peasant with potential for big payday, I said, sure why not. I let that shit rain!!

Told both employees to have diamond hands and hold on to stocks if they had any. One asked if I already sold, I told him HELL NAH!

 

[Revolver]

Is BB also shorted a lot?

Went to GameStop earlier and got a Nintendo $60 digital card. Was going to buy a PS5 digital game too but clerk said they only sell physical copies.

He asked if I wanted to renew my membership card. I just renewed it like a month ago. But since I’m a peasant with potential for big payday, I said, sure why not. I let that shit rain!!

Told both employees to have diamond hands and hold on to stocks if they had any. One asked if I already sold, I told him HELL NAH!

It’s not really. Short interest is under 10%

 

[PaleMoonlight]

It’s not really. Short interest is under 10%

Thanks for the info. Putting all my extra funds to GME today, I think it’s currently at $240 pre market.

 

[Revolver]

Thanks for the info. Putting all my extra funds to GME today, I think it’s currently at $240 pre market.

$340