11–20 of 73 posts
At this point I'm not sure if the WSB anticipated short squeeze is going to happen, or maybe it has happened already last week.
Wasn't it supposed to be that magical last Friday already? At least that was the common topic at the beginning, what changed?
At this point I'm not sure if the WSB anticipated short squeeze is going to happen, or maybe it has happened already last week.
Furthermore, has anyone actually demonstrated Melvin actually shorted the stock? It would seem like they owned a few puts. Puts don't get squeezed, they just expire out of the money.
Oof. Having sat in those communities and seeing media narratives - from reuters as well as others - about "reddit attention shifting to silver" despite a lack of that actually happening to the degree claimed, this is disappointing to see promoted. Objective facts: sentiment has changed, prices have decreased, people have likely lost money. Its frustrating to see a narrative - and not as far as I know out of the SEC t…
The media coverage is absolutely terrible, not only the silver-thing but also the silence on the SEC. It's truly disheartening
I would love to know what events exactly took place during the hype, people and hedges bought in at 60 and sold at 300? And now there is immense uncertainty on wether the squeeze already happened? I don't see GME falling below 40 anytime soon, the core group that started all of this should be holding if anything said until a week ago had any meaning or sincerity at all. Just the people who hold should suffice to keep…
I would love to know what events exactly took place during the hype, people and hedges bought in at 60 and sold at 300? And now there is immense uncertainty on wether the squeeze already happened? I don't see GME falling below 40 anytime soon, the core group that started all of this should be holding if anything said until a week ago had any meaning or sincerity at all. Just the people who hold should suffice to keep…
Holding doesn't make the price. You gotta buy if you want to push the price. And nobody got any money for that anymore. The narrative is dead.
Additionally I'm beyond disgusted at how "any publicity is good publicity" turned out to be so true and Robinhood came out stronger than ever from this whole debacle: https://www.cnbc.com/2021/02/03/why-investors-were-willing-t...
> “It’s the fastest growing consumer app, and has better engagement than social media,” one investor said. “The majority of those new traders won’t be trading GameStop.”
Having "User Engagement" as a benchmark for an investing app is beyond immoral. Robinhood has always been extremely predatory at encouraging users to actively gamble with their investments, and utilizes all kinds of user manipulating tactics such as gamification that has no place in a finance app.
They will have a very successful IPO, and the top shareholders/investors will make billions, all from a product named Robinhood that excels at almost nothing but transferring wealth from the masses to the elites.
And it will be hailed as a true Silicon Valley success story.
Earlier quoted context omitted.
Holding doesn't make the price. You gotta buy if you want to push the price. And nobody got any money for that anymore. The narrative is dead.
But the buyers were supposed to be the hedges, desperate to get rid of their short positions. Which is just another dimension: they surely bought more shorts at 300. But can they possibly have covered the majority of their positions? Because if not, this should go above 100 again, right?
Of course, I'm oversimplifying stuff like risk management, margin calls etc. but generally speaking, what forces a hedge fund to liquidate its short position?
If they removed the trading restrictions on the stock it would shoot back up again.
> The correlation coefficient between $GME and $SAVA today was 0.884648, nearly unity. Video game retailer on one side, biotech on the other. There should be no correlation but for.... Both traded multiple $billions. #BigMoney building you staircases and knocking castles down.
This sentiment is repeated in his tweets, though he often deletes them.
However, I am certain that the whole story was a ploy for whales to hide behind. But again, what do I know.
[1] https://twitter.com/michaeljburry/status/1357528669271388160