[2/4 @ $88 per share] GME - Gamestop stock - anyone following this absolute MEME-HILARITY (now with Elon tweet)

[sdifox]

Every holder has a different sell price. Eventually enough will sell to restore share liquidity for the hedge funds to cover their plays. Then the bottom falls out fast.

You cannot have liquidity when you shorted 200% of float. Even if the shorters manage to buy 100% of real float stock from investors, there is the other 100% non existent stock they have to cover.

 

[IronWing]

You cannot have liquidity when you shorted 200% of float. Even if the shorters manage to buy 100% of real float stock from investors, there is the other 100% non existent stock they have to cover.

They can re-buy the same stock over and over (for a price).

 

[sdifox]

I hope you are right because I can see it now.... "whaaaaaaaa....uncle Joe and aunt Harris...save us...our retirement/kid college funds are all gone because of them evil stinking rich tricked us into buy those evil shares that we didn't know much about...need more stimulus freebie money...make us whole again"....(see demand of college loan forgiveness ..plus for those with $100K balance and higher with useless degrees because they didn't know better).

It does take a bit of financial commitment before you can trade in futures. And if you jumped into futures without understanding what it is, then it is 100% on you.

 

[sdifox]

They can re-buy the same stock over and over (for a price).

Yes, they can, but it takes real cash. That is the beauty of this naked short squeeze.

At 325 it takes 30B to cover the hole.

 

[brianmanahan]

uncle Joe and aunt Harris...save us...our retirement/kid college funds are all gone

i thought this might've been why some brokerages were limiting purchases

to try to avoid the inevitable backlash when it craters and tons of people lose their whole savings account

but in doing so, they ended up with an even bigger backlash

 

[sdifox]

i thought this might've been why some brokerages were limiting purchases

to try to avoid the inevitable backlash when it craters and tons of people lose their whole savings account

but in doing so, they ended up with an even bigger backlash

No those bastards were covering the hedge fund whales. More people buying stock drives up stock price, making their losses even bigger. That is why what happened yesterday is downright criminal. They froze out retail from buying and drove down the stock price cuz people panick sell.

 

[IronWing]

I wonder if any GameStop executives have options to exercise and, if so, do they have the guts to take advantage of them right now?

 

[sdifox]

I wonder if any GameStop executives have options to exercise and, if so, do they have the guts to take advantage of them right now?

As long as it is all legit I don't have issue with them selling. I doubt they are in a hurry though, shorters were targetting the execs' portfolio after all.

 

[dullard]

The idea wasn't to make anyone rich, it was to screw over hedge funds...

However, it's a great mechanism to enrich the 'common' folk. The only way they get screwed is when they don't jump off at the right time.

Some of the 'common' folk will be enriched. The money lost by the shorters will go somewhere. But, bubbles always pop later and always pop faster than people expect. I'm not very confident that the 'common' folk will be able to time that right. Probably half will lose their shirts. The other half will make out quite well.

 

[sdifox]

Some of the 'common' folk will be enriched. The money lost by the shorters will go somewhere. But, bubbles always pop later and always pop faster than people expect. I'm not very confident that the 'common' folk will be able to time that right. Probably half will lose their shirts. The other half will make out quite well.

Again, you are missing the part where shorters shorted 200% of float stock. They have to buy all the float stock twice over to cover. How exactly will a person holding a real share lose?

 

[paperfist]

Some of the 'common' folk will be enriched. The money lost by the shorters will go somewhere. But, bubbles always pop later and always pop faster than people expect. I'm not very confident that the 'common' folk will be able to time that right. Probably half will lose their shirts. The other half will make out quite well.

The stock was trading at $10 before the reddit bandits took hold, it's at $330 right now. So even if you got in at $20 and bought $10k of stock that's not a bad haul. It's a bubble, it's going to pop, stocks aren't for the faint of heart to begin with.

My point was really though it's a great scheme against the system if people can get together like that and push stocks up. Musk can push stocks up with just a tweet.

 

[Torn Mind]

The stock was trading at $10 before the reddit bandits took hold, it's at $330 right now. So even if you got in at $20 and bought $10k of stock that's not a bad haul. It's a bubble, it's going to pop, stocks aren't for the faint of heart to begin with.

My point was really though it's a great scheme against the system if people can get together like that and push stocks up. Musk can push stocks up with just a tweet.

Musk is also gold for a short seller since his quick hypes usually lose steam in a day. Like with CD Projekt Red.

The market is astounding in love with Elon.

 

[Mai72]

is it time to make those millions?

 

[highland145]

Please just hold on until the shorts are due.

 

[dullard]

Again, you are missing the part where shorters shorted 200% of float stock. They have to buy all the float stock twice over to cover. How exactly will a person holding a real share lose?

People that bought it today at ~$300. At some point in the future, it will in one instant go down to near zero. When that happens, that $300 will vanish.

The problem is no one knows the moment that will happen. It may very likely go up further before it pops. But it will pop. The millions of people who didn't sell before the pop will be left with nothing. Those who bought at $10 and sold at $300+ will do quite well. The rest will lose.

 

[Artorias]

If I was in I would have sold Wednesday. So what if you leave money on the table? You cashed out with a very sizable return.

Don't get greedy. That's what got the shorter's in this situation in the first place. If you spent a couple hundred and wanted to stick it to the man, then that's fine, but if you got a sizable chunk of your savings in I would be getting the hell out.

The institutions can afford to go broke and they will come back in some form eventually. But your hard earned savings? Don't make that decision lightly.

 

[sdifox]

People that bought it today at ~$300. At some point in the future, it will in one instant go down to near zero. When that happens, that $300 will vanish.

The problem is no one knows the moment that will happen. It may very likely go up further before it pops. But it will pop. The millions of people who didn't sell before the pop will be left with nothing. Those who bought at $10 and sold at $300+ will do quite well. The rest will lose.

how does it go to zero? In the say next month shorters have to buy more than 100% of available float stock. That action will drive up the price.

 

[brianmanahan]

The institutions can afford to go broke and they will come back in some form eventually. But your hard earned savings? Don't make that decision lightly.

exactly

people doing this purely to stick it to the man might be at peace with the possibility of loss

but a lot of people in for the profits are gonna regret it if they time it wrong and their shares drop from 300$ to 10$

 

[s0me0nesmind1]

Please just hold on until the shorts are due.

Do we know when those shorts are due though?

I know you can have huuuuge date ranges with that type of stuff.

 

[highland145]

exactly

people doing this purely to stick it to the man might be at peace with the possibility of loss

but a lot of people in for the profits are gonna regret it if they time it wrong and their shares drop from 300$ to 10$

Fools and their $$ comes to mind. No, I don't want to see people get hurt but jumping into this with $ you can't afford to lose...

 

[IronWing]

Again, you are missing the part where shorters shorted 200% of float stock. They have to buy all the float stock twice over to cover. How exactly will a person holding a real share lose?

The most obvious way is that the hedge fund defaults and stops trying to buy shares. BOOM. SPLAT!

 

[paperfist]

dp

 

[IEC]

I bought a couple of shares today as a big double middle finger to the hedgies.

I hope they all go bankrupt.

 

[paperfist]

Musk is also gold for a short seller since his quick hypes usually lose steam in a day. Like with CD Projekt Red.

The market is astounding in love with Elon.

Yup, he literally moves mountains

I got to get twitter and some kind of bot to link his feed with my trading account.

People that bought it today at ~$300. At some point in the future, it will in one instant go down to near zero. When that happens, that $300 will vanish.

The problem is no one knows the moment that will happen. It may very likely go up further before it pops. But it will pop. The millions of people who didn't sell before the pop will be left with nothing. Those who bought at $10 and sold at $300+ will do quite well. The rest will lose.

You can also use sell-stop orders to limit damage or buy-stop if you're playing the short game. It's the stock market, it's a bubble.

 

[dullard]

how does it go to zero? In the say next month shorters have to buy more than 100% of available float stock. That action will drive up the price.

Yes, no one is debating you that as available float is bought, the price will go up.

The question is AFTER that has happened. After there are no more shorts. What then? Will the people time it right? Probably half will not as it falls back to zero when the people who did time it right sell. Ultimately, GME is a worthless company. It stock will go to zero as it loses money day after day after day.

Every bubble that bursts has someone who bought at the high.