41–50 of 1001 posts
I bought into this at around $80. Was shocked to wake up and see it at $350.
i bought gamestop a few weeks ago at 17... then sold at 20 something fortunately i was able to get back in around 40. this is an historic moment
Earlier quoted context omitted.
the reality is all of their major shorts are being squeezed not just Gamestop, but I agree I think their CNBC interview was just a distraction and doubt they could’ve closed out their entire short position overnight.
Dumb question - could the shorts actually negotiate with Gamestop directly to get them to issue new stocks? Wouldn't that be a win-win (and the retail loses, because a) the stock is diluted, and b) no one would be "forced" to buy from them)
So, do people still think Efficient Market Hypothesis is a thing? If this doesn't prove that the stock market is just a video game, which decoupled from economic reality a long time ago... We've now entered the age of the meme stock market.
In the short term, the market is a popularity contest. In the long term, the market is a weighing machine. If you look at the option chains, it is clear that traders value GameStop in the long run far below the current trading price. https://www.nasdaq.com/market-activity/stocks/gme/option-cha... A November 2021 "put" at the present market price of ~$360, the right to sell GameStop stock in November at $360, is selli…
So, do people still think Efficient Market Hypothesis is a thing? If this doesn't prove that the stock market is just a video game, which decoupled from economic reality a long time ago... We've now entered the age of the meme stock market.
In the short term, the market is a popularity contest. In the long term, the market is a weighing machine. If you look at the option chains, it is clear that traders value GameStop in the long run far below the current trading price. https://www.nasdaq.com/market-activity/stocks/gme/option-cha... A November 2021 "put" at the present market price of ~$360, the right to sell GameStop stock in November at $360, is selli…
Earlier quoted context omitted.
Is there any way for us to know for sure, other than them announcing their positions, or losses?
the reality is all of their major shorts are being squeezed not just Gamestop, but I agree I think their CNBC interview was just a distraction and doubt they could’ve closed out their entire short position overnight.
It's really not. Because eventually retail is going to get destroyed. Yes, some hedge funds have lost their shirts, but those are the first ones who were in the short before the squeeze. The hedge funds and more importantly day trading shops making money right now are the ones who saw the activity and are goosing the stock price right now. I don't know if people realize that there are thousands of day trading shops w…
You underestimate just how much concentrated retail volume is. I have had more than ten people ask me how to buy GME. Its on the front page of everything. Bitcoin’s nearly $1T market cap is more or less all retail. Plenty of WSB posts with multi million positions. Disclosure: I long GME.
It's more fun than playing lottery for sure.
Why doesn’t GME issue some shares at these prices and pay off all its debt and add cash to the balance sheet?
So, do people still think Efficient Market Hypothesis is a thing? If this doesn't prove that the stock market is just a video game, which decoupled from economic reality a long time ago... We've now entered the age of the meme stock market.
In the short term, the market is a popularity contest. In the long term, the market is a weighing machine. If you look at the option chains, it is clear that traders value GameStop in the long run far below the current trading price. https://www.nasdaq.com/market-activity/stocks/gme/option-cha... A November 2021 "put" at the present market price of ~$360, the right to sell GameStop stock in November at $360, is selli…
In the long term, stocks that actually make money are the popular ones.
It's really not. Because eventually retail is going to get destroyed. Yes, some hedge funds have lost their shirts, but those are the first ones who were in the short before the squeeze. The hedge funds and more importantly day trading shops making money right now are the ones who saw the activity and are goosing the stock price right now. I don't know if people realize that there are thousands of day trading shops w…
It isn't just retail that is going to get destroyed -- the option-sellers may not have enough capital to hedge effectively. A lot of parties are going to be harmed by this; it is an expensive tuition payment to the school of hard knocks. The most interesting technical thing about this fracas is the fact that WSB has managed to play the options-sellers off against the shorts to set this off. The kids have temporarily…
Earlier quoted context omitted.
i bought gamestop a few weeks ago at 17... then sold at 20 something fortunately i was able to get back in around 40. this is an historic moment
I tried to buy last night at $146, but I didn't get in before the market closed. Today I bought one single share at $360 and I feel like an idiot on multiple levels. Pure gambling, but it's fun.