Economy stonks v13, gamestonkegeddon

[D 1 Wrestler]

Also the people saying GME is shot? What is incorrect in this thought?

Every share they buy will drive the price up, and this is going to be compounded by the fact that there are 150k calls under $200 expiring Friday. Even if they're 60% covered, that's another 9 million shares that need to be purchased.

edit: and don't forget all the FDs that people bought over $200, the higher it goes the more of those will expire ITM, and it'll just keep compounding in a beautiful cascade of delicious hedge fund tears and tendies.

 

[D 1 Wrestler]

So they shut it down for good?
Think it’s unfair?

welcome to the right wing! This isn’t about fairness, it’s about who runs things. And they hate us.

It's back up now, the discord is banned though

 

[A Very Serious Cat]

So what's happening? People are deliberately buying way overpriced stocks to stick it to short selling hedge funds?

 

[Hadron90]

According to wsbets GME is no where near done yet. This Friday is the real squeeze which has been talked about all week.

20 mill worth of shares will be bought Friday. If this is the case, yeah not just the roof - the walls will get blown off too.

Friday will be like a movie. I will be sitting back and enjoying the ride. This is the moment we have all been waiting.

GME to +$1000.

Are you serious?

The short float % has actually gone up today.

 

[ElKarlo]

Boeing took a massive 13 plus dollar loss per share and it is still a 200 stock.

 

[Hadron90]

Holy heck.

We are back in business. That bounce back on NOK and BB was crazy.

Buying at open more shares because I am disgusted at the censorship. A big FU. This is not about stonks only go up, this is something bigger.

Buying 2k shares NOK at open because I want to see the revolution!

You have to have diamond hands for a reason. If you panic and sell at every dip, or even giant freefalling cliffs, the WSB game isn't for you.

 

[D 1 Wrestler]

So what's happening? People are deliberately buying way overpriced stocks to stick it to short selling hedge funds?

Yes, and looking for a 2008 VW short squeeze type return

You have to have diamond hands for a reason. If you panic and sell at every dip, or even giant freefalling cliffs, the WSB game isn't for you.

What I find interesting too is people saying GME WSB stuff is nonsense. Yet WSB was completely overrun with bots pushing other stocks. If it's nonsense why hire bots to push other stocks and encourage people to sell on GME? There's clearly rich people scared and desperate for a reason

 

[Hadron90]

This is absolute nonsense and you're relying on winner-bias fallacy whereby gainspron gets posted but losses don't.
Anecdotes are a horrendous way the judge this.
I can absolutely gaurantee you every single person I know has heard about this by now.

The losses are getting posted. Do you not see us all laughing at Citron and Melvin?

 

[Hadron90]

BREAKING!!!!
Confirmed next target is silver



those who run the corrupt system will start to call legal stock maneuvering terrorism. Just you wait

There is no next target. GME is the target. Stick to GME. The short squeeze hasn't even started yet.

 

[D 1 Wrestler]

The losses are getting posted. Do you not see us all laughing at Citron and Melvin?

 

[brackis1]

lol "watching like a hawk" just means you get to witness whatever slaughter happens in real time without the time to react.

The losses are getting posted. Do you not see us all laughing at Citron and Melvin?

Not even close to what I'm talking about.
There are tons of random investors who have put money in and gotten stopped-out by volatility algos, their own weak hands, placing market-orders during volatility on enormous bid-asks etc... and will never post on WSB about it.

 

[Pride23]

lol "watching like a hawk" just means you get to witness whatever slaughter happens in real time without the time to react.

Not even close to what I'm talking about.
There are tons of random investors who have put money in and gotten stopped-out by volatility algos, their own weak hands, placing market-orders during volatility on enormous bid-asks etc... and will never post on WSB about it.

Is that any different than every other day. People buy high and sell low all the time. Hopefully they learn.

 

[brackis1]

Is that any different than every other day. People buy high and sell low all the time. Hopefully they learn.

Yes because volatility inherently benefits quant traders over retailers. The higher the intraday volatility, the more retail randoms are losing.

 

[Hadron90]

lol "watching like a hawk" just means you get to witness whatever slaughter happens in real time without the time to react.

Not even close to what I'm talking about.
There are tons of random investors who have put money in and gotten stopped-out by volatility algos, their own weak hands, placing market-orders during volatility on enormous bid-asks etc... and will never post on WSB about it.

Weak hands isn't the way. WSB told you to fucking hold. If they didn't hold, that's on them, not WSB.

 

[Pride23]

Yes because volatility inherently benefits quant traders over retailers. The higher the intraday volatility, the more retail randoms are losing.

Some retail is losing. Hopefully they learn. More retail is winning off of this trade. Hedge funds are bleeding money and it is getting redistributed to retail.

 

[Hadron90]

So what's happening? People are deliberately buying way overpriced stocks to stick it to short selling hedge funds?

You borrow 10 bags of weed from dealer and promise to give him 10 bags of weed back later. You also agree to pay him 1% of the going price of bags of weed every week that you don't pay him back as interest.

I go and buy up the entire worlds supply of weed, and decide that weed is now $1000/bag. You either have to buy $10,000 worth of weed from me to pay your dealer back, or you have to pay your dealer $100 in interest for the rest of your life. That's a short squeeze.

 

[D 1 Wrestler]

lol "watching like a hawk" just means you get to witness whatever slaughter happens in real time without the time to react.

Not even close to what I'm talking about.
There are tons of random investors who have put money in and gotten stopped-out by volatility algos, their own weak hands, placing market-orders during volatility on enormous bid-asks etc... and will never post on WSB about it.

That's not WSB folks that sounds like your friends who think they are day traders. WSB is a bunch of people buying and holding with limit sell set at 1k

 

[Proud American]

You borrow 10 bags of weed from dealer and promise to give him 10 bags of weed back later. You also agree to pay him 1% of the going price of bags of weed every week that you don't pay him back as interest.

I go and buy up the entire worlds supply of weed, and decide that weed is now $1000/bag. You either have to buy $10,000 worth of weed from me to pay your dealer back, or you have to pay your dealer $100 in interest for the rest of your life. That's a short squeeze.

That sounds criminal.
Oh how I love that the evil demons of nyc and LA are getting theirs.

 

[Hadron90]

That's not WSB folks that sounds like your friends who think they are day traders. WSB is a bunch of people buying and holding with limit sell set at 1k

Limit sell should be set at $4269.69 if you are WSB or $1488 if you are /pol/ or /biz/. $1k is too low.

 

[D 1 Wrestler]

That sounds criminal.
Oh how I love that the evil demons of nyc and LA are getting theirs.

That's exactly what the hedge fund kids are saying. It's illegal/wrong for a bunch of people to buy stock on robinhood at the same time. It's hilarious