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 GME Gamestop, making men in suits BLEED

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ozak
post Jan 30 2021, 01:57 AM

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QUOTE(Stusssy @ Jan 30 2021, 01:44 AM)
today is boringgggg  yawn.gif

but not sure whether will suddenly spike like yesterday to 480++ or not
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No volume.

All in AMC.
ozak
post Jan 30 2021, 10:07 AM

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QUOTE(Stusssy @ Jan 30 2021, 01:58 AM)
I trade using eToro ..... AMC is not an option for me  bangwall.gif
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No problem and restriction trade on all stock in SC.
ozak
post Jan 31 2021, 09:55 AM

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QUOTE(andrekua2 @ Jan 31 2021, 09:39 AM)
Man, I wonder how many will 14th floor when this finally ends.
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Nobody.

Many are small holder. Either win all or lost all.

Those big holder like million are yolo type. That early already profit. And they just holding it.

You know Elon right? He just dump in. Money is nothing for him.

A gamer in 20’s profit 1.14mil from this gme. He not cash out and hold it. Easy money yolo.
ozak
post Feb 1 2021, 04:34 PM

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QUOTE(SgtScoop @ Feb 1 2021, 03:59 PM)
I bought a US dividend stock on Etoro. The first payout is due in Feb. Is the withholding tax automatically deducted? Do I have to complete a US tax return form? Can I just close one eye and not pay the tax?
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Automatically deducted.

You get the net.
ozak
post Feb 2 2021, 09:24 AM

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WSB achieve what they want?

Gamestop shorts squeeze is game over.

GameStop Short Interest Plunges in Sign Traders Are Covering
ozak
post Feb 2 2021, 12:45 PM

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That is a hefty lesson to learn to shorts. biggrin.gif


QUOTE
Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January

Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC.

The heavy losses come as retail investors piled into popular hedge fund short targets, including the struggling video game retailer. Shares of GameStop finished last week with a gain of 400%, bringing its total return this year to 1,625%. The stock closed Friday’s session at $325. As recently as October it traded under $10.

CNBC’s Andrew Ross Sorkin reported last week that Melvin Capital closed out its short position in GameStop on Tuesday afternoon after sustaining heavy losses.

Citadel and Point72 infused close to $3 billion into the fund to shore up its finances. Point72 slid 10% in January, according to a source with knowledge of the fund’s returns. Point72 declined to comment.

Citadel lost 3% in January, according to a source with knowledge of the fund’s returns. Citadel declined to comment. The source said the hedge fund was down 1% on its Melvin investment, which it made last week.

Melvin’s assets under management now stand at more than $8 billion — including the emergency funding — down from roughly $12.5 billion at the beginning of the year, after certain current investors committed additional capital at the end of the month.

The fund’s liquidity is strong and its use of leverage is at the lowest level since the fund’s inception in 2014, according to the source.

The Wall Street Journal first reported Melvin’s January losses.

Last week’s activity in GameStop extended to other popular short targets, including Bed Bath & Beyond and AMC Entertainment, with retail investors turning to Reddit’s WallStreetBets forum to discuss various trades. The forum has seen its members more than triple in just a week to north of 7 million.

Amid the short squeeze, Robinhood and other brokerages restricted trading in some of the most volatile names, sparking frustration for users who were unable to trade at will.

Robinhood said in a blog post that the central Wall Street clearinghouse mandated a tenfold increase in the firm’s deposit requirements on the week in order to ensure smooth settlement in trades involving the securities experiencing unprecedented volatility.

The meteoric rise in GameStop’s shares has prompted some lawmakers to call on regulatory bodies to intervene.

“We need an SEC that has clear rules about market manipulation and then has the backbone to get in and enforce those rules,” Sen. Elizabeth Warren, D-Mass., told CNBC Wednesday. “To have a healthy stock market, you’ve got to have a cop on the beat.”
Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January
ozak
post Feb 2 2021, 07:50 PM

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QUOTE(ben3003 @ Feb 2 2021, 07:25 PM)
So u guys still holding? I think the show macam over already 😂 i don mind having losses, butnif no show then not worth to hold lol.
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Still holding.


ozak
post Feb 2 2021, 09:12 PM

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QUOTE(ben3003 @ Feb 2 2021, 08:42 PM)
I don have much to lose tho, can earn back de money i dont mind losing lol.
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Treat it as KTM
ozak
post Feb 3 2021, 10:43 AM

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QUOTE(Quazacolt @ Feb 3 2021, 10:41 AM)
Again, there's not enough stocks to short, and their existing shorts take time to clear because again, no stocks to buy.

The squeeze cannot fail, only matter of when, not if.
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What is the % shorts float now?
ozak
post Feb 25 2021, 10:09 AM

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What is the story behind the jump?
ozak
post Feb 25 2021, 10:19 AM

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QUOTE(xander83 @ Feb 25 2021, 10:15 AM)
Another run again but these time gonna be a lot of trading halts happening if keeps going on and on again

Next would be ARKK soon as well
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Why they pump the stock?

Earning report?

 

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