What’s Going On With GME???

[jdubnyce]

I’m ashamed to say how many I have left.


I’ll just say if that shyt actually “went to the moon” I would not be working right now

You have Triple figures shares?

 

[Gloxina]

You have Triple figures shares?

Actually no, I’m down to double. I forgot we got screwed

 

[Gloxina]

You have Triple figures shares?

It’s all about GME now

 

[jdubnyce]

It’s all about GME now

AMC is rocketing today too

 

[Geek Nasty]

AMC is rocketing today too

damn I wasn’t expecting to move this much. Up to $5.25. I don’t even remember my cost basis but the price needs to probably need to get to $30 before I’m even.

 

[jdubnyce]

damn I wasn’t expecting to move this much. Up to $5.25. I don’t even remember my cost basis but the price needs to probably need to get to $30 before I’m even.

Remember they had the stock split too
Your $30 might mean $120 to break even

 

[Geek Nasty]

Remember they had the stock split too
Your $30 might mean $120 to break even

I bought a lot more when it was lower, so can’t remember investment term but I’ll average out before then

 

[Gloxina]

I bought a lot more when it was lower, so can’t remember investment term but I’ll average out before then

Yeeeeeea I don’t want to but now’s the time.

 

[Geek Nasty]

Yeeeeeea I don’t want to but now’s the time.

l hit my goal for where I still think the price for either one of them will get. Trying to be disciplined and put some money in other places, but damn when GME was under $10 I was thinking again.

 

[FaTaL]

Pure speculation, but I bet this is people being margin called. I’ve also noticed that the value of Tesla has been tanking along the same days as GME goes up. so if people have margin accounts where they borrowed against the value of their Tesla stocks, and the Tesla stock price drops at a certain point your portfolio balance gets so low that it dips below your margin account balance.

This is why I was suspecting that Elon Musk was going to go bankrupt soon. he borrowed against Tesla stock, but if the price drops enough, he won’t have enough value to cover his debts and he’ll be forced to sell shares of anything they can sell.

OT We were all talking about it seems like the market was artificially inflating Tesla value maybe this is why.

interesting theory, im just assuming the banking situation is causing everybody to slowly cover

 

[FaTaL]

Yeah I really should've bought more when it was that low I mean I got a lot of my shares DRS'ed already but from 10$ to 18 looking nice now

yea we fuked up, near 30 now

 

[Gloxina]

l hit my goal for where I still think the price for either one of them will get. Trying to be disciplined and put some money in other places, but damn when GME was under $10 I was thinking again.

Where do you think amc will land?

 

[Geek Nasty]

interesting theory, im just assuming the banking situation is causing everybody to slowly cover

Today kind of blew my theory out if the water. Tesla up 2%

 

[Uchiha God]

 

[FaTaL]

gme is up 11% in the after hours

amc is up 18% in the after hours

i think tomorrow might be a deep red day, time to average down