GameStop : GME

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
Post Reply
User avatar
Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

Euler wrote:
Tue Feb 02, 2021 2:22 pm
jamesg46 wrote:
Tue Feb 02, 2021 2:21 pm
I would think the rest of the bag holders may sell now.
As the price crashes people will try to get out with any loss they have. Ultimately the stock is only worth single dollar numbers.
Bitcoin has created FOMO
arbitrage16
Posts: 532
Joined: Tue Feb 14, 2017 7:27 pm

Euler wrote:
Tue Feb 02, 2021 2:22 pm
jamesg46 wrote:
Tue Feb 02, 2021 2:21 pm
I would think the rest of the bag holders may sell now.
As the price crashes people will try to get out with any loss they have. Ultimately the stock is only worth single dollar numbers.
A stock is worth what someone is willing to pay for it.
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I prefer: -

Short term the market is a voting machine, long term a weighing machine.
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Euler wrote:
Tue Feb 02, 2021 2:49 pm
I prefer: -

Short term the market is a voting machine, long term a weighing machine.
I like... a lot.
arbitrage16
Posts: 532
Joined: Tue Feb 14, 2017 7:27 pm

Euler wrote:
Tue Feb 02, 2021 2:49 pm
I prefer: -

Short term the market is a voting machine, long term a weighing machine.
My aphorism accounts for a short squeeze, not sure yours does :)
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Was routing for the "little guy" on this, really wanted it to do more. Think it's defo done but was entertaining and a little educational...
User avatar
napshnap
Posts: 1189
Joined: Thu Jan 12, 2017 6:21 am

Image
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I think you will probably get a dead cat bounce now.
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Limit down, limit up mental trading market.
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Spot on with that one. Usually up to VWAP is the bounce but flew through it.
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Amazing, down to a low of around $75 and then a bounce back up to a few dollars off of hod.
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Curiously closed at $90 this evening, having previously closed at another round number on Monday.
User avatar
Realrocknrolla
Posts: 1903
Joined: Fri Jun 05, 2020 7:15 pm

Euler wrote:
Tue Feb 02, 2021 9:42 pm
Curiously closed at $90 this evening, having previously close at another round number on Monday.
Im guessing you shorted bud?
jamesg46
Posts: 3769
Joined: Sat Jul 30, 2016 1:05 pm

Realrocknrolla wrote:
Tue Feb 02, 2021 9:50 pm
Euler wrote:
Tue Feb 02, 2021 9:42 pm
Curiously closed at $90 this evening, having previously close at another round number on Monday.
Im guessing you shorted bud?
Most would struggle to find shares to short, this kind of market you would find at best would provide an opportunity on a bounce, but with $5 to $10 drops (in 1m candles) it's very risky.... Best play is to sit back and absorb the information on offer, it's brought attention to what nobody thought was possible, or even what was going on.
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Realrocknrolla wrote:
Tue Feb 02, 2021 9:50 pm
Euler wrote:
Tue Feb 02, 2021 9:42 pm
Curiously closed at $90 this evening, having previously close at another round number on Monday.
Im guessing you shorted bud?
I have been short on it. I've spent more time on calls this week to the US than trading what little racing there is on.
Post Reply

Return to “Trading Financial markets”