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 GME Gamestop, making men in suits BLEED

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red streak
post Jan 28 2021, 02:59 PM

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QUOTE(lamode @ Jan 28 2021, 02:56 PM)
how did you manage to get $88.25 yesterday?
it never traded below $150 the whole day?
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Probably meant the day before that. It opened around $88.
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post Jan 28 2021, 04:29 PM

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QUOTE(Taikor.Taikun @ Jan 27 2021, 09:42 AM)
Scion Asset Mgmt’s Michael Burry is betting big on this
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Difference is he got in at $4 vs all these plebs buying for hundreds laugh.gif
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post Jan 28 2021, 10:05 PM

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People getting in late should only gamble what they're willing to lose. At this point all the WSB retards already made bank and they might be looking to exit once demand tapers off. Latecomers will be stuck holding the bag. whistling.gif GME is not worth more than 2 digits per share at best unless they turn the company around. This reminds me of the last buttcoin peak when even Taxi Drivers were getting in on the action. Not long afterwards it crashed again until recently.
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post Jan 28 2021, 11:06 PM

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QUOTE(yunodie @ Jan 28 2021, 10:12 PM)
I think you are missing the point here. its not about pump/dump or buy high sell higher. its about hedge funds being caught naked selling up to 1.4 times its free float and to cover they literally have to beg someone to sell. at this point the squeeze hasnt even taken place.

every one is holding on for the squeeze and late comers wanting to get on the gravy train have to pay a premium obviously and the paper hands are willing to sell it.
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What point is there to make? The short squeeze already happened long ago (few days seems like forever with these gains laugh.gif) and the hedge funds already lost tens of billions shorting GME. Now they're piling on again at a higher position betting it'll go down, which it eventually will. The only question is if latecomers will be stuck holding the bag when that happens as what happened when the last buttcoin bubble burst. I initially got into GME at around $40 so you have nothing to say that's new to me. whistling.gif
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post Jan 28 2021, 11:37 PM

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Looks like they're starting to crack down on retail demand.

https://www.zerohedge.com/markets/you-can-n...uts-down-buying


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post Jan 28 2021, 11:54 PM

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QUOTE(Quazacolt @ Jan 28 2021, 11:08 PM)
The Edge Markets: Inspired by GameStop, Malaysian retail investors look to prop up medical glove shares.
https://www.theedgemarkets.com/article/insp...al-glove-shares
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It's not even technically possible to replicate this on Bursa. There's a bunch of high IQ individuals in that reddit thread whining about price drops whenever earnings are announced laugh.gif Also GME ground whistling.gif

QUOTE(Quazacolt @ Jan 28 2021, 11:51 PM)
is that fear i sense?

is that blood in a shark tank?

party.gif  rclxm9.gif  party.gif  knock.gif  blush_ani.gif
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Without RH retards to prop up the price, is this the end of this rocket ride? unsure.gif
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post Jan 29 2021, 12:26 AM

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$132 ggbois. Hope everybody got out intact whistling.gif
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post Jan 29 2021, 12:49 AM

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QUOTE(Quazacolt @ Jan 29 2021, 12:43 AM)
the point for most people, WSB or us here who are in, isn't about profit.
of course, tendies are delicious

but its a clear message, a CLEAR FU to the wall street titans.
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Good weed bro. laugh.gif
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post Jan 29 2021, 02:50 AM

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QUOTE(yunodie @ Jan 29 2021, 01:17 AM)
etoro will get a lot of interest from the US now.
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Not legal in the US and that's why they won't take US clients. Also eToro blocked it because Citadel Securities, their liquidity provider, said no more WSB meme stocks. It's also why TDA, IKBR, RH and the rest stopped accepting new positions. eToro was just slow because they still had stock or something, not sure how these things work but effectively an hour ago, eToro did the same thing. From my discord post to my corpmates cuz lazy rehash it again:

QUOTE
Looks like Citadel is saying to all its clients that they won't be handling those stocks anymore which is why they're all not offering them other than closing positions. Apparently RH and some others use it to buy stocks or some thingymajiggy. It's the "liquidity provider" for most if not all these brokers that are stopping the trades on these stocks. Definitely shady af considering they were one of the two that bailed out Melvin Capital.
At least that's what I got from reading this one article and then seeing an update on eToro that matches up with the claims.

https://popular.info/p/the-merry-adventures-of-robinhood

user posted image

https://www.citadelsecurities.com/products/...es-and-options/

Looks like almost 40% of all US retail trades go through them.


Actually went googling around for more info and the retards have edited the wiki post on Citadel which is hilarious laugh.gif

This post has been edited by red streak: Jan 29 2021, 02:51 AM
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post Jan 30 2021, 01:22 PM

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QUOTE(borneoman1 @ Jan 30 2021, 07:31 AM)
In an eToro pinned post (link here), I see people posting this same thing:

"I officially declare that I do not want to close my positions on the stocks listed above or any other stock or instrument and I do not give consent to Etoro to do it automatically. I understand my risk and accept it, legal action will be taken if they are closed without my consent. Thank you."

Is this something I should be doing too?
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Only if you're one of those facebook boomers.
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post Jan 30 2021, 01:39 PM

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QUOTE(borneoman1 @ Jan 30 2021, 01:35 PM)
Why would it specifically affect facebook boomers?
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They're the ones posting useless crap that don't mean anything and have no effect or go around asking if they should follow the rest of the sheeple by posting it.
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post Jan 30 2021, 04:05 PM

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QUOTE(dudewhatisthis @ Jan 30 2021, 02:56 PM)
what app or broker is everyone using? I see a few eToro mentions here and there. What about webull or trading212?
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Webull is the best out of the 3 for daytraders because it gives you pre-market and after-hours but it does not have fractional trading. It also has the highest deposit and withdrawal fees by far so it's not really for small traders. For the same amounts you'd be spending on Webull to make it worth it, you're better off going with IKBR or TDA. eToro is the easiest to get into and they allow instant deposits and cheap withdrawals. The only issue is the minimum trade amounts for shares ($50) but in return you get access to fractional shares. T212 is nice too but you need a valid passport just to verify your account. They also allow deposits with credit/debit cards.

This post has been edited by red streak: Jan 30 2021, 04:06 PM
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post Jan 30 2021, 07:34 PM

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QUOTE(dudewhatisthis @ Jan 30 2021, 07:28 PM)
Thanks for the detailed answer! I'm already on T212. Just wanted to see what everyone else in this forum is using. Based on what you said, I think I made the right choice.
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You can't get US ETFs on T212 anymore, at least not for the invest account which is why I stuck with eToro. You can still get it with CFDs but meh I'd prefer the real deal.
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post Feb 2 2021, 11:13 PM

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GME ground again laugh.gif
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post Feb 2 2021, 11:44 PM

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I already warned the latecomers whistling.gif In a goliath vs goliath fight, only the small fries get squashed.
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post Feb 3 2021, 12:16 AM

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Great time to buy rclxm9.gif
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post Feb 3 2021, 12:21 AM

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All in bois once the trade halt stops drool.gif
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post Feb 4 2021, 12:38 AM

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QUOTE(Quazacolt @ Feb 3 2021, 09:45 AM)
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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QUOTE(ozak @ Feb 3 2021, 10:43 AM)
What is the % shorts float now?
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That's not even remotely true. More than half of the short positions have already cleared out. You're assuming they're still invested and that the old short % is anywhere near accurate, protip: it's not. That data was already weeks out of date when it was released. You're basing your faulty assumption on weeks old data. Right now nobody knows what the exact percentage is at but the current data by S3 Partners shows that the short positions have reduced to slightly more than 50%, a massive drop from the 140% at its ATH. They wouldn't be able to reduce that if there were no shares available. The fact is there are plenty of shares going around for them to clear their positions, especially now that the smarter people are taking profits and passing the risk around to the latecomers who are all #holdmeimscared and diamond-handing their double digit losses since they have no chance of getting out intact.

QUOTE

S3 data helps tell the whole story. Now, GME short interest is $5.81 billion, with 26.09 million shares shorted. Traditional SI % Float is down significantly from its highs in the 140’s% at the beginning of January. The SI % of Float is st 51.13% and the S3 SI % of Float, which includes synthetic longs created by short sales, is at 33.83%, telling us that there’s ample stock loan supply for short sellers to access, should they want to short more shares. The stock borrow fee on existing shorts is 19%, while the stock borrow fee on new shorts is 10% to 20% fee.

Over the last week, the number of GME shares shorted has decreased by -37.24 million shares, worth $8.4 billion, a decrease of -59% as its stock price rose +193%. We saw just over 1 million shares covered yesterday. Shorts are down -$9.5 billion in year-to-date mark-to-market losses, -278% for the year, and are up +$3.08 billion in profits on today’s -52% price move ($107.00).
Source: https://s3partners.com/exclusive3.html


The shorts have already gotten out. No squeeze is happening. The long HFs are finally cashing out which led to the massive drop as they unload billions worth of shares. I'm afraid anyone who is still in at this point is a chump holding the bag while others laugh their way to the bank. laugh.gif
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post Feb 6 2021, 12:43 PM

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QUOTE(icemanfx @ Feb 6 2021, 10:10 AM)
There will be another gme, price rise will be faster and higher. Likewise for price drop. The question is which to ride before price catapult.
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Depends on whether the retards at WSB can influence another pump and dump or not. Too many normies got burned on GME and now they're crying out foul laugh.gif
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post Mar 9 2021, 12:14 AM

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Moon tonight and then mars drool.gif

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