[2/4 @ $88 per share] GME - Gamestop stock - anyone following this absolute MEME-HILARITY (now with Elon tweet)

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dullard

Elite Member
May 21, 2001
25,214
3,627
126
The unspeakable question: How many hedge funds profited on this volatility?
Senvest Management hedge fund made $700 million on this WSB GameStop move.

Murdock Capital hedge fund made $200 million, Silver Lake Management generated $113 million: https://www.bloomberg.com/news/arti...ains-200-million-on-amc-gamestop-in-wild-week
 
Reactions: Brainonska511

Zeze

Lifer
Mar 4, 2011
11,210
1,080
126
It's ok man. No need to be jealous because Elon's my boyfriend. Elon is definitely not perfect but he's human. I honestly believe he tries his best and has good intentions.

But keep letting your hate grow while you know nothing about the man because you don't do any research. You're lazy and let the media feed you stories.
Uhh am I on reddit or 4chan or ATOT?
 

Zeze

Lifer
Mar 4, 2011
11,210
1,080
126
What do I know, but I think the GME hype / newscycle is mostly dead = retailers are folding and moving on.

I don't think it'll ever reach $350-400++ anytime in soon (years).
 

dullard

Elite Member
May 21, 2001
25,214
3,627
126
What do I know, but I think the GME hype / newscycle is mostly dead = retailers are folding and moving on.

I don't think it'll ever reach $350-400++ anytime in soon (years).
But will it reach $25 this week?
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
What do I know, but I think the GME hype / newscycle is mostly dead = retailers are folding and moving on.

I don't think it'll ever reach $350-400++ anytime in soon (years).
They killed it with the buying restrictions last week. The momentum to the upside is gone and now will likely just keep drifting lower as people lose interest and no new big buying comes in to replace the sellers. Rebellion was shutdown but retail gave all they had. It was a good try. Retail lost the battle due to institutional cheating but war is not over. Maybe in GME but there will be other resistance.
 

Scarpozzi

Lifer
Jun 13, 2000
26,389
1,778
126
They killed it with the buying restrictions last week. The momentum to the upside is gone and now will likely just keep drifting lower as people lose interest and no new big buying comes in to replace the sellers. Rebellion was shutdown but retail gave all they had. It was a good try. Retail lost the battle due to institutional cheating but war is not over. Maybe in GME but there will be other resistance.
I know that really upset you...it upset me too. I've seen a number of what looks like short-sell attacks on specific stocks that are overvalued this past week. Most of them are the meme stocks. They're only having to front $100M or so per stock in a single trading session to tank it with volume....I'm not sure how that works out with margin on the shorts if they can blast a stock and buy it back within a few hours...but that's what it looked like across the board.
 

dullard

Elite Member
May 21, 2001
25,214
3,627
126
Very easy to make that bet using the options market. You can bet it will or that it won't.
I'm not interested in get rich quick (which often later turn into get poor quick) schemes. I'm a buy and hold guy like Warren Buffet. GME is definitely not a buy and hold stock right now.
 
Reactions: Brainonska511

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
Well the Dems do plan to give everyone more stimulus checks, so it may come back, but for now all the moneys gone.

I think that the cool kids are "over" GME now. They're buying up Dogecoin instead!
 

Svnla

Lifer
Nov 10, 2003
17,999
1,396
126
$65 as of 11:53 a.m. central time. Over $400 off from its height just about a week ago or so.
 

manly

Lifer
Jan 25, 2000
11,353
2,363
136
What do I know, but I think the GME hype / newscycle is mostly dead = retailers are folding and moving on.

I don't think it'll ever reach $350-400++ anytime in soon (years).
You already know this, but GameStop is the next Blockbuster Video.
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
DFV agreed to testify at the Feb 18 congressional hearing "Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide." Maxine Waters, the chairwoman of the House Financial Services Committee will lead the hearing. Vlad "the stock impaler" will also testify for Robinhood.
 

manly

Lifer
Jan 25, 2000
11,353
2,363
136
The surge was never about Gamestop.
True but your comment about the share price over years implies a long-term view, which almost always depends on fundamentals. But sure, if millions of Redditors decide to go crazy, then another pump is always possible.

I agree with you that it seems unlikely for GME, but this stock market stopped being rational a long time ago.
 

Red Squirrel

No Lifer
May 24, 2003
67,907
12,375
126
www.anyf.ca
I think everyone knew what they were getting into, it would have never stayed that high. But the hedge fund managers got screwed over (too bad they got bailed out though) so the purpose was served.

Now if people were smart they cashed in enough to make up their money and held the rest, but I bet a lot of people didn't and probably lost a lot now.

Hopefully they don't just all forget this and move on but keep fighting the system.
 

snoopy7548

Diamond Member
Jan 1, 2005
8,088
5,084
146
But... what about diamond hands?


I haven't seen Reddit users get screwed over like this since Secret Santa 2013 😀

They're probably all still saying to hold, since u/deepfuckingvalue is holding; if he can, so can we! Uh, the dude has like $20M at his disposal, you guys probably put your life savings into GME.
 
Reactions: brianmanahan

Svnla

Lifer
Nov 10, 2003
17,999
1,396
126
Saw on Bloomberg that Redditors are moving on to biotech.

$58 as of 2 p.m. central time.
 

Red Squirrel

No Lifer
May 24, 2003
67,907
12,375
126
www.anyf.ca
The ones who sell now are idiots. It makes zero sense to sell stocks at a loss. Even if the odds of going back up are low, you're still better off holding for the off chance that they do go back up. You don't lose anything as long as you don't sell.
 
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