$GME squeeze

Discussion in 'The Lounge' started by Carterantebi, Jan 27, 2021.

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  1. 5spot

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    Little bits and pieces of this news story. Some private folks got together in numbers and are playing professional hedge fund manager for 2 weeks. Think I saw the biggest move of maybe $2500, which is nothing.

    Private people learning and gaming the system. Totally legal.
    Powers that be can’t let it happen and are going bonkers, “only we can make money in this manner!”
    Hahahahaha,
     
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  2. mcfish

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    Hmmmm, pumping money into worthless companies..what could go wrong?? 95% of day traders lose money! Sticking it to the man and screwing the hedge funds has the potential to screw the average person's 401k! The problem with buying these stocks..they will return to their original value and 99% of people will still be holding at ridiculous prices, it's the nature of the day trader! I've made a hell of alot of money buying companies with real value, good luck buying worthless companies! The Hedge funds have far more power and money than the guy sitting at home on his Ipad... they will chew you up and spit you out with no remorse! Shorting stocks and buying broke companies is a game for the big boys! Greed will burn your *** every time! Good luck and don't use your retirement money!!
     
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  3. 5spot

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    The covid bailouts were the biggest transfer of wealth from the middle class up. GameStop stock trades is the biggest transfer of wealth from the top down.
     
    #43 5spot, Jan 28, 2021
    Last edited: Jan 28, 2021
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  4. 5spot

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    We can’t have the serfs and naves killing it.
    The “State” crapping their chonies.....!
     
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  5. blackcloud9

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    OK well, great conviction, but that's like hoping to catch a yellowtail on your first day of fishing when you aren't yet sure which hand to hold the rod with.

    It CAN happen, and, only if you make your first cast. But, perhaps expectations are a bit high. (on your chances of making a small fortune.) I wish the best of luck to all here hoping to come out with gains.

    If I had one piece of investing advice that is to invest LONG TERM into companies or sectors that you really believe in, by dollar cost averaging in.

    (The future of the Cannabis sector comes to mind as a potential giant. For those interested, tickers to research from my sources GTBIF, GWPH, VFF, AYRWF, or the related ETFs like MJ, YOLO, or POTX . That, is also sticking it to the man ...)
     
    #45 blackcloud9, Jan 28, 2021
    Last edited: Jan 28, 2021
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  6. 5spot

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    Hedge funds reportedly have to come up with like 20 bill cash to cover their positions. Again reportedly, RobinHood and/or a support company actually had to pull a server to stop “volatility “
     
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  7. hookemdano

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    capture.jpg
     
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  8. blackcloud9

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    A lot of Brokers are shutting down BUYs of volatile stocks, like GME, AMC, etc FOLLOW NEWS HERE
     
  9. Carterantebi

    Carterantebi The Skunk Magnet
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    Still holding...
     
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  10. hookemdano

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    damn...I agree with aoc ?

    capture.jpg
     
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  11. blackcloud9

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    - WallStreetBets guys are buying stock or CALL options (if they have the option agreement/ability)

    - The only catch is the UNLIMITED DOWNSIDE with shorting stock, as the Hedge Funds are finding out in real-time but they ALREADY KNEW THE RISK. Going SHORT stock you could "invest" $500, and lose $10,000 or even $100,000. Or, invest $1 BIL dollars and lose $50 BIL dollars. Unlimited means unlimited.
     
    #51 blackcloud9, Jan 28, 2021
    Last edited: Jan 28, 2021
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  12. 5spot

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    I guess that subreddit group Wallstreetbets orchestrated it.
     
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  13. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    Mind... Blown... :emoji_sweat_smile:

    These trading restrictions are going to come back and haunt these institutions
     
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  14. blackcloud9

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    You guys remember these ads??? I always though they were hilarious, apparently they were "offensive". :emoji_laughing:

    ETRADE | Don't Get Mad - YouTube

    Looks like its finally catching on (because only Boomers watch TV?)
     
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  15. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    No comment - LOL
    :emoji_joy:
     
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  16. hookemdano

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    what happened around 2pm ?

    capture.jpg
     
  17. blackcloud9

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  18. hookemdano

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    thanks...I looked at other charts also...nothing...
     
  19. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    Algorithmic hiccups
    The fun will happen after hours and tomorrow
     
  20. hookemdano

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    ahhhhhhhhhh but the real aoc never disappoints


    capture.jpg
     
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