CORP/BIZ GameStop Is Rage Against the Financial Machine

Red Baron

Paleo-Conservative
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View: https://youtu.be/eFy4kpDESjo
 

WTSR

Senior Member
Well I'm back in with my three shares I paid less than I sold them for. I was hoping it would drop enough to get a forth but it didn't happen, or I wasn't quick enough. I'm betting it goes over the 483 high we saw last month.
 

Twisted

Contributing Member
Up to $270 in premarket. Will today be the day it shoots up again? Been watching gme stock for a while and it has been very interesting how much and how fast it has been fluctuating.
 

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WTSR

Senior Member
It is currently under restriction due to extreme volatility and if I understand this correctly it can only be shorted on an Up Tick.
 

Twisted

Contributing Member
Today's volume was horrible compared to avg, which is good for me. Ended at 201. A lot on reddit say tomorrow may be interesting. We shall see
 

dioptase

Senior Member
Today's volume was horrible compared to avg, which is good for me. Ended at 201. A lot on reddit say tomorrow may be interesting. We shall see
One WSB OP suggested that the big GME squeeze may not happen til April, also that the squeeze may crash the rest of the market, as other stocks get sold to meet the margin calls. I don't know about the timing or that last idea, but other stocks that I track have been very volatile and somewhat unpredictable as of late.
 

Twisted

Contributing Member
Sounds like they got margin called for $3bil because they didn't exactly have the actual stocks and had to buy them on market lol. Thats their reason for stopping trading and needing more capital at the time. I may be wrong on some of this
 

WTSR

Senior Member
The fight rages on!

Hammered down to 114 all the way up to over 185 in a few hours.

GME is the Occupy Wall Street that should have been back a few years ago!
 

Twisted

Contributing Member
Yep, been constantly watching it. Been following sub reddit r/gme and there has been some very good info posts there even from the Bloomberg terminal system. Sum it up, reddit folks believe that $gme is shorted well over 200%, and if they can break the $182 barrier it will be good today.
 

Sicario

The Executor
I should contact the hedge funds and offer to shut this shit show down for them (for a small fee). All I would need to do is buy ONE share of GME and the shit would crater immediately, never to rise again. I've done it before. I am the grim reaper of the investing world. :shk:
 

WTSR

Senior Member
I should contact the hedge funds and offer to shut this shit show down for them (for a small fee). All I would need to do is buy ONE share of GME and the shit would crater immediately, never to rise again. I've done it before. I am the grim reaper of the investing world. :shk:
Please do I would dump 10 grand into it if it falls sub 100
 

WTSR

Senior Member
I believe that GME might be the catalyst for the next 'Enron' crash for the market. just a feeling.
 

TKO

Veteran Member

Twisted

Contributing Member
To give you an idea as to how volatile this can be to hedge funds that shorted it, someone go find me a news story that says gamestock went up 50% today lol. But if it drops 10% there would be 20 stories the moment it happened.
 

dioptase

Senior Member
I bought one more share yesterday at 123. Diamond-handing my few shares, at least until 300. (I expect to be holding it for a while... it wouldn't surprise me if it went below 100.)
 

WTSR

Senior Member
To give you an idea as to how volatile this can be to hedge funds that shorted it, someone go find me a news story that says gamestock went up 50% today lol. But if it drops 10% there would be 20 stories the moment it happened.
I keep hearing rumors that some hedge funds are over-exposed (200% to 900% shorted of float) on this and super secret SEC meetings today...etc. Rules changes
 

Red Baron

Paleo-Conservative
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I keep hearing rumors that some hedge funds are over-exposed (200% to 900% shorted of float) on this and super secret SEC meetings today...etc. Rules changes
I read speculation that the SEC is going to remove the 21 day "grace period" allowed when these naked shorts can't provide stocks within the normal 48 hour reconciliation period.
 

dioptase

Senior Member
It will be interesting to see what, if anything, comes of that. Could be drastic moves in the near future, depending on what they decide, and when the new rules (if any) take effect.
 
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