GameStop : GME

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jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Not seen any discussion about this on here, any of you get involved? From $100 to $310 is incredible.
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Sorry $365
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Incredible
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jamesg46
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Look at this thing go... $70 a share in a 5 min candle
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Vladimir CC
Posts: 88
Joined: Wed Jan 22, 2020 1:13 pm

incredible. first bitcoin now this. i think we are at a point where technology finally backfires against big financial institutions. they first called bitcoin a pile of shit and asked for governments to regulate it now they call it a manipulation done by members of that subreddit forum.
jamesg46
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Its incredible, this looks like it wants to break $400 today
jamesg46
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Will it break :D
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jamesg46
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Flat top at $380 it breaks that then surely $400
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Realrocknrolla
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Wow! 😬
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Funny thing is, this thing probably is worth around $15 where it started... just goes to show how crazy a market can be... this has probably hit a lot of people for a lot of money, well those who were initially short & thought those crazy Reddit people couldn't possibly pull this off.

I've heard there is a few others like this atm too. The random article is just a post I've seen on SM and I'm not sure which stocks it's referring to.
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Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Funds were 140% short of GME, how is that even possible?

https://twitter.com/MuzLM_Trader/status ... 0840130562
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

Euler wrote:
Wed Jan 27, 2021 7:01 pm
Funds were 140% short of GME, how is that even possible?

https://twitter.com/MuzLM_Trader/status ... 0840130562
Squeaky bum time for some on wall street.
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

I've switched it off for the day, my eyes are stinging... wonder where it'll be tomorrow. Don't think you can go short after hours but also it's amazing because big brokers like TD Ameritrade have it restricted for leverage.

Can't believe I've sat and watched it all day, I don't even have a trading account, pretty sad tbh.
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Amazing how MSM are blaming Day Traders & "The Internet" for hedge funds losing Billions when they were short 140%. Blame the little man for Wall Streets behaviour... what about the little man's pension that was in one of them funds that were recklessly short 140%. Has anyone got an answer to how that happens BTW?
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