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Gamestop

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I'm sure I'm not the only one that gets a rush of schadenfreude when the Wall Street Bets crowd pumps up these stocks and burns the big money corporate shorters.

That being said, there will be a great short trade here in the coming days. What goes up like this, must eventually come down.
 
You have to wonder if it isn't some kind of astroturfing. What's stopping big firms offering rkitty millions of dollars to grift the public. Technically all he did was post a couple of gifs.
 
I'm a little p1ssed as well. I had a great entry on this very early and wussed out through procrastination. I've been waiting months for one of these dumb run trades as well.

I'm getting slow on pulling the trigger.
 
Might be all talk, but I'm seeing a lot of guys trading big numbers on it. Call options are making millionaires for the guys in early.

Dudes are really blindly rushing in throwing their money at it.

 
DannyB0000 said:
OH OH!!!, GameStop down 32%, that didn’t last long, looks like the bull run with this stock was short lived. Nothing like 2021.
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The whole thing is odd.
Plus everyone was buying opinions. Someone needs to buy the stock. Guys were in and out like lightning.
 
wayneL said:
Maybe the instos have worked out how to game the Reddit mob?
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That is easy …..

Don’t be crazy greedy

If GME and AMC were only 10% short positions a squeeze would be too expensive for anyone apart from maybe Berkshire

However combatting excessive greed at hedge funds may be impossible
 
divs4ever said:
That is easy …..

Don’t be crazy greedy

If GME and AMC were only 10% short positions a squeeze would be too expensive for anyone apart from maybe Berkshire

However combatting excessive greed at hedge funds may be impossible
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From memory last time the funds fought back using options initially instead or closing/reducing positions , they totally believed they could bully/out-muscle the retail folk instead some more rational managers started trading the meme stocks long only
 

Then there's stuff like this.
It's interesting watching how the system scrambles.
It's highly possible we get a second boost as the shorts can no longer afford their positions. Really depends on how many people filter in to shore up stock numbers to see how high it goes.
 
moXJO said:
I'm a little p1ssed as well. I had a great entry on this very early and wussed out through procrastination. I've been waiting months for one of these dumb run trades as well.

I'm getting slow on pulling the trigger.
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you remind me of something a wise man once said,

“It’s like some one else is trading turds and you decide you can’t be left out”
 
Value Collector said:
you remind me of something a wise man once said,

“It’s like some one else is trading turds and you decide you can’t be left out”
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I've made my money in crowd manias. Whether it's bull markets, crypto, crashes, meme. It's all about volume and exuberance. I'm comfortable with the risk.
For me, looking at your trading is like the above quote.
 
Value Collector said:
Which Trading??? hahaha.
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Well, buy and hold is probably more of a strategy. Some lucky 10 baggers are often what separate the successful from the heard.

I have some long term holds but they are bought off the back of gambling trades. Gambling trades are really just focused volume picks. Pardon me if amass migration of people willing to pay anything in an emotional cult like frenzy isnt easy pickings. I'd trade "turds" if the volume is right. If I only have to trade once a year I'm happy with that.

I'd also say the general market is all smoke and mirrors. The guys that really make the money trade some of the sh1ttest derivatives imaginable. I'm simply not a fan of "trading" normal shares under normal conditions as you most likely won't win out in the long term.
 
I am not a fan of trading in general, and most traders don’t win out in general no matter what they are trading, turds or not, but atleast if they are reading quality they should be able to capture some of the general wealth being produced in the economy each day, but with turds you might end up with nothing but dirty hands.
 
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