GME
- Thread starter NinjaKnight
- Start date
Bought 100 shares at 88 yesterday morning but sold at 100 because it was too volitile for me while I was trying to work. Big regrets.
BB isn't shorted as much to my knowledge. 139% is a unique situation. They probably won't make that mistake again.
That dude that started this with his 50k buy might have made over 3 million bucks on this deal. LMAO!
Some dude noticed that that there more shares being shorted than actually exist, so he bought 10,000 shares to create an even bigger shortage. He brought it up on a reddit board and a bunch of people jumped on it as well. Now the hedge funds that were committed have no choice but to pay whatever it takes to cover those commitments.
Last I saw yesterday he was over 22 million. He's gotta be over 30 at this point.
From his latest update. Honestly it's moronic that he hasn't cashed out yet.
Ah. I heard he put 50 grand in, but he bought 50,000 shares. That is insane!
From his latest update. Honestly it's moronic that he hasn't cashed out yet.
You're right about the 50 grand. Digging in and here's his initial position from back in 2019.
**** that noise. They didn't bailout the owners of GME who they shorted out of wealth over the past year.
Many reddit posters are about to be very wealthy and they'll be looking for the next move. I would jump into some of these meme stocks if you missed the boat in GME.
$BB
$AMC
$NOK
$BBBY
Just hope one of these hits
$BB
$AMC
$NOK
$BBBY
Just hope one of these hits
I'll bet AMC will be next. Its so satisfying seeing a bunch of nobody traders taking down these a-holes.
They are cheap. Throw 500 bucks at all of them and hope they go up 1000%
Reddit is going to put their newly found 10Billion somewhere and my guess is they'll go back for seconds.
I foolishly bought 500 AMC last March when it crashed during the initial shut downs thinking they'd quickly open back up. Finally almost a year later getting a nice return on that stupid play.
Just like gamestop, I'll bet AMC never comes back. Kind of nice to see people being able to make money off of the people trying to take advantage of it.
As cool as it is to see a movie in the theaters, it's just as big a hassle. I bought a projector and built a media room (still looking for the right theater seating.) But, short of a popcorn machine we're just don't need to drop $50 that experience anymore.
I saw one theater was letting you do your own private movie night for a couple hundred bucks. If that's where the industry is at AMC is going to go out like drive ins and blockbuster.
Yep. I know we've had this conversation before, but its worth repeating: it's no coincidence that every major movie production company has signed a contract with a streaming provider. This started happening before the pandemic so the foundation was already being set for a conversion to home streaming. I used to own a video store so this is very familiar to me.
I am absolutely loving seeing these funds trying to push back against retail investors making money. Chamath Palihapitiya on CNBC talking right now calling out the funds shorting > 100% of shares and how it's blowing up in their face. Inject this into my veins.
GME is now over 20 billion in market cap. Thats like double what it was 15 years ago and they've closed half their stores. This could trigger a total collapse in the market, which isn't funny but I'm still laughing.
14 days ago GMEs market cap was 155 million, now its at 23 billion. Holy crap that is a huge hit to the shorts, figuratively and literally, lol. I dont know where their positions were exactly, but I see where there were over 125% of shares committed so this could be a 25-30 billion dollar hit. Some were as low as 34 cents.
AMC up 400% with 20 times the volume. Its nice to see the hedgefunds losing at their own game. Now they'll cry about the free market because it's costing them billions.
Unbelievable. If its too much risk to short a stock, you shouldn't have done it. Stop whining about the fact that you lost.
Whaaaaaaaaaaaa! We stood to make millions off of this deal, now we are losing billions. Unfair! Unfair!
Oh no, let me get out the worlds smallest violin for these corrupt billionaire wall street pieces of shit doing nothing to add to the greater good of the world.
Bahahahahahaha! God i hope he doesn't get caught in the sell-off. This dude is legend.
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