GME hit high of $248.9 after Elon's tweet. Melvin is finished!
Right. GME volatility is even higher now I bet as a bunch of people are going to exit. People buying in at this point may still have room to make money, but at those prices per share, it's going to be a slow climb with a lot of downside when it topples. Those who bought in under $20 and all the way up are flying high.Everyone has to make their own decision when to sell but I look at $200+ being good price to sell. You don't want to be like the greedy shorts who kept stepping on GME when it was down below $4. Looking at the situation as an outsider, I thought if Elon commented on GME, that would sent it to Mars. Now he has. I would use it as opportunity to exit tomorrow. GME can definitely keep going up but once you kill the shorts, who's going to buy?
Bulls make money, Bears make money, Pigs get slaughtered. Short hedge funds were pigs. You don't want to be like them and try to hold forever.
Been on Reddit for almost a year and I didn't hear of Wsb until Cramer mentioned them on tv a couple days ago. Now I'm posting on Wsb and even bought some Blackberry, BB, that Wsb is raving about today at around $19.Just did a search for MAC on WSB, there have been posts on it for some time now.
This is literally Robinhood vs King Arthur but in real life.
So many just earned a life changing sum of money. Good for them. What way to start 2021.
This will definitely spill over. Retail just took pound of flesh from the rich fucks. They won't forget. They will strike back. But now rich boys have to be little nervous. Expect people to go after other heavily shorted stocks and shorts scramble to cover. The markets just got whole lot more interesting. Power to the people!Good. Let this be a lesson to other funds doing the same crap.
Edit: I wonder if this is going to have lasting implications: other funds doing this pull out of their naked short positions before WSB finds them causing upward pressure and momentum on the market. Euphoria ahead? Stonks up forever?
Robinhood will never come through in real time when the server is hammered. I couldn't take advantage of the dip and thus I promptly opened a Charles Schwab account.This is literally Robinhood vs King Arthur but in real life.
So many just earned a life changing sum of money. Good for them. What way to start 2021.
There's many robinhood equivalents now. Not just the schwab, vanguard, and fidelity.... But also weBull and stuff.Robinhood will never come through in real time when the server is hammered. I couldn't take advantage of the dip and thus I promptly opened a Charles Schwab account.
I don't think that is a thing.This is literally Robinhood vs King Arthur but in real life.
this guy nails it:
I can't get over the creep factor of everything in that video--the dude's nitrile gloves, eye shadow, evil lair warehouse with cheap Chinese stuffed toys in plastic bags on a shelves, some random techy looking stuff in the rest of the background, stereo microscrope in the foreground for some likely nonsense reason....what the hell am I watching? lol
Dang when I posted this, $AMC's price was in the $8.50-$10 range. It's now peaked at $17.90... looks like I should have been buying $AMC stock instead of wasting my time on AT..How about that nice little $365 peak pre market for $GME? Landslide appears to have started now, see how this thing keeps working itself out. Best TV show I've watched in a long time though!
EDIT:
Also if you watch other high short-interest stocks such as $AMC, it's mimicking $GME action. If you think the squeeze may still be imminent today, you could potentially get in at a much lower price point and live vicariously through another much cheaper ticker symbol.
No. He's obviously using the microscope to verify he successfully removed all of his semen from the stuffed bears in the background before selling them on eBay.he is a well-known tech repair guy, primarily apple from what i've seen
tries to fight against apple making their stuff unrepairable and taking people for a ride at the genius bars
I told my wife yesterday I should probably just buy couple thousand shares of AMC while it was in the $4.50 range just to see if the wild action would spillover to it. Would been nice quick money if I had pulled the trigger but I said to myself you stayed out of GME because you didn't believe in the company. I sure don't believe in AMC even more so why risk being stuck with shares in company I don't like. So I voted to stay disciplined and keep doing what has been successful for me. But in hindsight, that was such dumb move because what was my max loss potential? Probably 20-30% at most. Meanwhile, upside was 100-500%. That's a trade you take every time. Scared money don't make money.Dang when I posted this, $AMC's price was in the $8.50-$10 range. It's now peaked at $17.90... looks like I should have been buying $AMC stock instead of wasting my time on AT..
I've been staying out for the same reason (don't believe in the company). And while I'm nowhere near as experienced as you are, I feel a little more justified in my decision at least when others with experience think along the same linesI told my wife yesterday I should probably just buy couple thousand shares of AMC while it was in the $4.50 range just to see if the wild action would spillover to it. Would been nice quick money if I had pulled the trigger but I said to myself you stayed out of GME because you didn't believe in the company. I sure don't believe in AMC even more so why risk being stuck with shares in company I don't like. So I voted to stay disciplined and keep doing what has been successful for me. But in hindsight, that was such dumb move because what was my max loss potential? Probably 20-30% at most. Meanwhile, upside was 100-500%. That's a trade you take every time. Scared money don't make money.
Exactly. When theaters are back in business again, they're going to forgo at least a month of popcorn sales to payback the loans they took out for 2020's rent. They just have too much liability with limited business paired with uncertainty. If I had more liquidity built into my trading right now, I would buy in just to take another short ride.I've been staying out for the same reason (don't believe in the company). And while I'm nowhere near as experienced as you are, I feel a little more justified in my decision at least when others with experience think along the same lines
I did scalp some from $AMC this morning, but pennies compared to where I could be.
You're seeing history in the making. They will make movie about this. The Big Squeeze instead of the Big Short.Holy shit GME is trading at ~$350 now.
This is far more entertaining than the Hertz saga.