Will Melvin liquidate today?

This post has been edited by honsiong: Jan 27 2021, 06:04 PM

You see https://www.highshortinterest.com/

Lookup the top shorted stocks, all of them did well on Tuesday, it feels like people are fighting against short sellers.

No bruv, this is gambling.

Anyway it's OK as long as you don't gamble life-changing amount, and be able to accept -100% downside.

Very risky trade, be careful.

Damn boring man zzz

Tiger Brokers here.

Don't use etoro please, buying CFD has no underlying assets, you are exposed to counterparty risks.

I hope nobody YOLO their life savings in. I think it's very clear to everyone following r/wsb that this is a super super risky trade, even more dangerous than cryptos.

I went in at $350 day after the robinhood incident just to be part of history, it's probable I will lose 90% of it but ¯\_(ツ)_/¯

Holding 1 GME from $350 to $180, but I guess they successfully drawed attention away from GME to AMC, SLV, DOGE etc, the squeeze is failing.

This post has been edited by honsiong: Feb 2 2021, 08:04 AM

Suggest yall calm down and read wallstreetbets due diligence, yes we may be suffering huge loss, but the potential frauds get better.

I downloaded the SEC fail to delivers data and confirmed some of the posts aren't lying. GME is an anomaly and have huge lots of fake shares trading activities.

Not just that, they claimed they traded then did not deliver in the end, end up GME has one of the highest fail to delivers ratio among the stock counters.

Apparently in US, our orders dont hit the exchange, almost all these are settled with the broker and its sole appointed market maker, then report the txn back to exchange.

It's so insane compared to Bursa Malaysia.

Dont hold GME for the money, its for the lulz of once in a lifetime squeezing 140% short position.

1@350


It is the most apparent reason, but maybe not the biggest one.

1. Paper hands joined and took profits.
2. SEC has yet to choose side - whether it will help the wall street or retails.
3. There are institutional players on both sides of the trade, rekt Citron and Melvin, but boost profit for maybe 10-20 others.
4. stonkfail.com - fraudulent stock transactions to drive GME down.

+50% rise faster than DOGE.

Entered 1@$350 exited 1@$75

Sohai one this thing

r/bursabets didn't even pretend to not be r/topgloves from the get go

Share borrowing rate dropped to < 6% now

Short squeeze is over

Couldn't see this coming that's all, not exactly a stupid move.