What’s Going On With GME???

[Schadenfreude]

Is that real lol? That's fukking hilarious to shade Robinhood specifically like that.

Robinhood

 

[Canon]

They killing the stock ahead of the meeting

 

[Leavingtheecstasy]

I'm not worried about shyt. I'm chilling atp. They short the fukk out of it every meeting.

 

[Black Mamba]

Bought more at 24.90

 

[Gloxina]

I want one more good attack



I really wonder wtf is gonna happen end of this week.


Like, is this shyt actually going to happen

 

[Solo_87]

I want one more good attack



I really wonder wtf is gonna happen end of this week.


Like, is this shyt actually going to happen

How many shares y'all got?

 

[Black Mamba]

They killing the stock ahead of the meeting

Its freaking hilarious
Just gave me opportunity to avg down again lmao

 

[Leavingtheecstasy]

How many shares y'all got?

I'm in the hundreds. Put a decent chunk of my portfolio there but definitely won't ever take just one position.

I am fairly confident this thing will jump. Problem is, when? How long will this take?

Hopefully soon. I don't see RK coming back for shyts and gigs. You don't walk away from a billion for nothing. And he's much better at this than any of us.

 

[bnew]

I'm in the hundreds. Put a decent chunk of my portfolio there but definitely won't ever take just one position.

I am fairly confident this thing will jump. Problem is, when? How long will this take?

Hopefully soon. I don't see RK coming back for shyts and gigs. You don't walk away from a billion for nothing. And he's much better at this than any of us.

I think it'll jump too and it doesn't matter how long it takes because it'll be way before I retire.

 

[Leavingtheecstasy]

If it does what it's supposed to, you're right. I'll have retirement money and give no fukk money.

As someone who's regularly trading i always have that devils advocate in my mind though. Because no stock acts like or has the expectations of gme.

Other stocks you get in and get out of or swing, but never marry a stock. So I have to fight my instincts on this trade quite a bit.

 

[Gloxina]

I think it'll jump too and it doesn't matter how long it takes because it'll be way before I retire.

How much will it “jump” is the question lol

 

[bnew]

If it does what it's supposed to, you're right. I'll have retirement money and give no fukk money.

As someone who's regularly trading i always have that devils advocate in my mind though. Because no stock acts like or has the expectations of gme.

Other stocks you get in and get out of or swing, but never marry a stock. So I have to fight my instincts on this trade quite a bit.

idiosyncratic risk!

 

[bnew]

How much will it “jump” is the question lol

read up on the VW short squeeze and realize that VW is the one that stopped it. retail investors don't have to be reasonable at all to prevent major market players from going bankrupt.

The Epic Volkswagen Short Squeeze Explained | TradingSim

Everyone remembers the AMC and GME short squeezes, but the one that tops them all is the 2008 Volkswagen short squeeze. Read all about it here.

www.tradingsim.com

The Volkswagen Short Squeeze (2008)

Panic buying is as much a reality on stock exchanges as panic selling, especially when investors short sell stocks that have experienced unexpected supply squeezes and price jumps. Porsche’s 2008 takeover of VW’s stock is a case in point, causing distress to investors and backlash against the...

internationalbanker.com

German financial-services regulator BaFin (Federal Financial Supervisory Authority) announced on the same day that it was examining the VW stock-price activity for evidence of insider trading or market manipulation. Porsche issued a blanket denial of the latter. “We vehemently reject the accusation of share price manipulation,” a Porsche spokesman stated. “The ones responsible are those that speculated with huge sums of money on a falling Volkswagen share price.”


That said, the following day saw Porsche unload around 5 percent of its VW holdings to the suffering short sellers. Nonetheless, much of the damage had been done. After VW’s share-price peak on the 28th, its stock plunged by 58 percent in just four days as the short squeeze loosened to some degree; a month later, it was down by 70 percent from its peak. But it did not prevent painful losses from being incurred by those short sellers who ended up having to close out their positions at stratospheric price levels.


“Someone must have been very desperate to get a hold of the stock, so there will be a big surprise at some point who will have all these losses—because someone must have lost a lot of money,” Christian Schick, head of portfolio management in Germany for Fortis Investments, observed at the time.


Ultimately, those hedge funds that had shorted VW stock ended up losing an estimated $30 billion from their trades. “I have had hedge fund managers literally in tears on the phone,” said one London-based analyst on the 29th, whilst other hedge-fund managers reportedly compared the Porsche disclosure to a “nuclear bomb going off in our faces”, describing the resulting losses as “a bloodbath”.


But Porsche was able to make huge sums of money, which is even more startling given how badly the automotive industry was doing at the time. Reports emerged of angry traders raging at what they perceived to be a Blitzkrieg attack by Porsche on the financial system, seemingly allowed by German regulators, which permitted it to secretly accumulate VW stock options without having to declare its hand.

 

[Gloxina]

read up on the VW short squeeze and realize that VW is the one that stopped it. retail investors don't have to be reasonable at all to prevent major market players from going bankrupt.

The Epic Volkswagen Short Squeeze Explained | TradingSim

Everyone remembers the AMC and GME short squeezes, but the one that tops them all is the 2008 Volkswagen short squeeze. Read all about it here.

www.tradingsim.com

The Volkswagen Short Squeeze (2008)

Panic buying is as much a reality on stock exchanges as panic selling, especially when investors short sell stocks that have experienced unexpected supply squeezes and price jumps. Porsche’s 2008 takeover of VW’s stock is a case in point, causing distress to investors and backlash against the...

internationalbanker.com

No I remember hearing about it. But that got to what- 1200? We think that could happen here lol

 

[bnew]

No I remember hearing about it. But that got to what- 1200? We think that could happen here lol

y'all price anchoring at a few hundred dollars

Spoiler: larger image

0.543034 shares of GME has been filled at an average price of $5,124.50 per share.

shorts have only doubled down since then .

i know what i'm holding out for