How do we recognize such madness in the future, before we get caught up in it? After it's metastasized?
Wall Street was the real winner of the GameStop saga
81–90 of 250 posts
Re: Wall Street was the real winner of the GameStop saga
#82On the last day of the spike I saw in the pre-market the GME price to go over $500. Figured that this is good enough for me and as everything related to order processing was very slow I set a limit sell order for $490, figuring that it probably hits $500, but wanted to be sure it goes through. Once the price spiked at 483 and started rapidly dropping I was f-ed. Cancelling the sell-order took like an hour (couldn’t add a new sell order without releasing shares from the old one). By that time the price was in the dust.
Re: Wall Street was the real winner of the GameStop saga
#83Earlier quoted context omitted.
> people can look for battered companies and severely profit from their accelerated demise Gamestop is one of those companies where the demise has been severely delayed IMO; they could've seen the future years ago but chose to stay with their legacy business of selling games in physical stores. Online game stores do what they do but with much lower costs and a much better business model. There are two ways forward fo…
GameStop has pivoted to some extent. It's incredibly rare that I go into one of their stores, but the last time I did it was less of a games store and more of a gaming merchandise store. Their acquisition of ThinkGeek and subsequent selling of those products in stores is satisfying a niche that nobody else (apart from maybe the mom & pop comic book store) seems interested in.
I’m always surprised how much random gaming merch Target displays.
Re: Wall Street was the real winner of the GameStop saga
#84Earlier quoted context omitted.
They've changed the way the calculate SI now. Before; SI = [Number of Shares Short] / [Float] Now; SI = [Number of Share Short] + [Float] / [Float] Ask yourself, why...
> They've changed the way the calculate SI now This is nonsense. Who is “they”? FINRA and the SEC require brokers to report short interest data twice a month [1]. These are share aggregates. FINRA then provides those data for U.S.-listed companies to the exchanges, who publish it. None of those exchanges have changed their publishing methodologies in years. [1] https://www.finra.org/investors/insights/short-interest
"They" are the data aggregation websites that post shares SI.
FINRA and the SEC have nothing to do with the actual calculation of SI that various websites report.
Read; https://www.reddit.com/r/wallstreetbets/comments/lbydkz/s3_p...
S3 SI% of Float = Shares Sold Short/(Float + Shares Sold Short)
Re: Wall Street was the real winner of the GameStop saga
#85Earlier quoted context omitted.
They've changed the way the calculate SI now. Before; SI = [Number of Shares Short] / [Float] Now; SI = [Number of Share Short] + [Float] / [Float] Ask yourself, why...
> Before; SI = [Number of Shares Short] / [Float] > Now; SI = [Number of Share Short] + [Float] / [Float] So you're saying that SI is always reported as higher than 100% now? Since that's not the cause, are you saying there's negative number of short shares now? Maybe think for 2 seconds about your 2nd formula?
Read; http://webcache.googleusercontent.com/search?q=cache%3Ahttps...
S3 SI% of Float = Shares Sold Short/(Float + Shares Sold Short)
Re: Wall Street was the real winner of the GameStop saga
#86I have seen so much fuckery with the stock price and ridiculous headlines in het media about GME that can't really believe that we have seen the actual squeeze. Furthermore, the SEC report said that the price run-up was because retail bought in, not because the hedge funds closed their positions. So when did they do this and went from 200% to 20%? Besides all of that, the fundamentals for GME are great. They are hiri…
This reads exactly like the comments on conspiracy theory subreddits like Superstonk.
yep. "time will tell" meaning GME ideologues will continue to move the goalpost for when the MOASS will happen in perpetuity.
Re: Wall Street was the real winner of the GameStop saga
#87How do we recognize such madness in the future, before we get caught up in it? After it's metastasized?
That's the problem I am trying to solve with finclout.
A lot of investors not only retail lost a bunch of money over the last 18 months.
Personally, I think there is a space for the retail guy in investing.
But it shouldn't be based on FOMO and/or hype. Not stonks and hodling. I think that's very dumb.
Re: Wall Street was the real winner of the GameStop saga
#88Its easily dismissed as conspiracy but having read many of their supporting arguments and seeing the SI (Short Interest) being over 220% myself along with the SEC report suggesting that shorts never closed their position... I can't say I would dismiss the possibility of another short squeeze...
[dead]
wow I had no idea how much time has been dumped into propping up this conspiracy theory. People have a lot of time on their hands (but I guess rationalizing ones own investments is good motivation)
Re: Wall Street was the real winner of the GameStop saga
#89There are still many retail investors who think the saga is far from over, and are now betting on direct registration (DRS) of their GME shares with the goal of triggering another, much bigger short squeeze than last year.
Also known as the Mother Of All Collective Delusions
just look at where /r/superstonk has gone with that. It's hilarious.
Re: Wall Street was the real winner of the GameStop saga
#90Why is the financial media so obsessed with Gamestop? It's a relatively tiny company and if it truly was the case that it is over they would have stopped talking about it. Instead they publish fear-mongering articles and hit pieces on people like Keith Gill who was just a normal person seeing a value investment and got lucky. hint: http://www.paulgraham.com/submarine.html