Economy stonks v13, gamestonkegeddon

This sub is pure gold

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I subscribed to WSB before it went private Yesterday. Is it still set to private or is it open?

 
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EndlessCritic said:
https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html

"Except that this time, amateur investors decided to revolt against the pros. Using Reddit -- and a subreddit known as r/wallstreetbets -- the amateurs began a coordinated effort of buying GameStop stock to drive its price higher and higher. (It's worth noting that Reddit was also a gathering spot for some of the most ardent Trump supporters in 2016.)"

Is CNN fucking retarded?
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MSM looking to put a political spin on anything. These are people from all walks of life
 
PaleMoonlight said:
Since short is at 140%, doesn’t that mean that everyone will cover the spread and buying Lambos?
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I'm not the right person to ask. What happens if these guys go diamond hands and just won't sell? They bankrupt the funds that are short too much, those funds are liquidated. When they liquidate what's left (and I have no clue how much that would be), that $ isn't going straight to the guys holding shares of GME is it?

I honestly am not knowledgeable enough to know what happens if all the short sellers go belly up and can't cover. How does that upward pressure on the stock price continue at that point? If the WSB guys are still just holding it at let's say $900, won't the price absolutely plummet in a mad scramble to sell off because the underlying value of the company is garbage and there's nobody left that needs to buy those shares to pay back to the brokers because all of those firms have gone bankrupt?

I honestly don't know these answers.
 
The momentum this has gained is crazy. WSB has added over 2 million people to the forums. It's doubled. The coverage of the stock. The actual price action. Every day all the new options end in the money or close to it. I suspect the 500 strikes just added will be as well by tomorrow. Earlier this week the price just needed to stay over 60 to force alot of buying end of week from the market makers with 115 as the new highest strike. I have no idea what the ceiling is at this point but at this rate it should hit 4 digits soon.
 
The current rising star is SNDL at ~$1/share. 50%+ short. Should be a good one as it's so cheap to buy.

Made 50% profit on EXPR yesterday. If I held long longer it would have been 120%....
 
So while everyone crazes about GME, my KOSS is about to make me buy actual Lambos. Almost feel like I'm stealing due to this nonsense craze but I'm not gonna complain.
 
cleetus said:
The current rising star is SNDL at ~$1/share. 50%+ short. Should be a good one as it's so cheap to buy.

Made 50% profit on EXPR yesterday. If I held long longer it would have been 120%....
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I'm riding this one today as well haha
 
rob mafia said:
i use rh primarily. it's actually the best for high volume options trading, especially writing.
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What??? You let me down Rob lol. Doesn't that app crash like crash every other week or something, or any time there's high volume or rando viral buzz like now there's always an issue with it? Feel like every time there's a lot of action RH becomes the first complaint of everyone.
 
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