Did you know that you can also profit from stocks dropping in price. Stock market is just calculated gambling. You are betting on it going up in price.

Shorting a stock is when you bet on it going down. When it goes down, you make a profit.

But when the stock goes up in price, as is the case here, then if you tried to short, you will lose money.

This post has been edited by Liamness: Jan 28 2021, 12:42 PM

lol, judging by the fact that some of these hedge fund have filed for bankruptcy over this, I say no, many of them didn't put safety handbrake in place for event like this.

well, i mean, they got bailed out government money. SO technically it was american tax payers who pay up, not the rich.

and what did Melvin do? they double down on their short position on GME. They really deserve the losses haha.

serve them all right..

Vote Biden into power some-more la..

He give everyone free 600USD to go whack kau the rich like this. LOL..

As one famous CCP key-board warrior always like to say, never bite the hand that feeds you.

Trump feed them all nicely, and they voted him out. Now they die under Biden.

there are other institution investors who put their money in la. Best time to kill a competitor.

Yup. There were filled orders for game stop at $2600 usd.

If they didn't stop this shenanigans, the entire stock market would have been in a frenzy..

And you think Melvin capital is the one who has the cash? NOPE.. they took a loan and end up, the banks will have to pay up.

If prices on GME was allowed to continue to rise, it would have bankrupted the banks and caused a financial meltdown.

You do a Melvin capital and ask your tai lo for billions more to double down on your position and flush out the buyers.

That is one way. Another thing Game Stop can do is issue dividend payout to share-holders.

Since why the heck not right? How many billions have they made overnight.

Then, they can go and take a couple billion dollar loan to expand the company operations. This is all covered by the stupid hedge funds now stuck with their hands inside the cookie jar without any easy way to get out.


Game Stop should 1) Issue more shares, 2) payout dividends. & 3) take a couple billion dollar loan to really grow the company and secure its future.

They are expanding into online retail now. Close down brick & mortar stores, balance the books, and on-top of that, have billions of dollars in cash reserve. This is what all the big companies like Apple, Amazon and Google all have and do.

If I were game stop CEO, I'm so optimistic about the future right now.

Game stop bought back their own shares at $5 back in 2019.
They own 30-40million of their own shares. If they sell it on the open market, that is almost a 10 billion dollar position.

They can use the stock right now as collateral and get a loan. Just like Apple do. Take a low interest rate loan and go from there.

This post has been edited by Liamness: Feb 1 2021, 11:16 PM

Amazon tech lead joins them as the new CTO heading their e-commerce division.

Sony have hiked their profit forecast after positive sales of ps5 consoles during the festive season.

GME may announce more shares in the coming days/weeks.

The stock is holding out at 90 bucks, selling pressure has all but been absorbed.

Let's see how many shorts have exited their position. It surely can't be 130% still, but if it is still ridiculously high, expect a 2nd squeeze.

it is no longer just reddit though..

there are other HF buying and holding long, it is worldwide pressure here.

So much so, that brokerage are LIMITING buying of GME stocks through their platform, because there is currently a limited amount of available GME shares being traded. That is what is pushing up the prices. Not enough share to go around.

analysts are revising their outlook on gamestop. They are recognizing that the company is making gains not just to survive, but to thrive. Already, there are analyst who value the company at $80 per share. Which is crazy considering they were only trading at $15 per share 2-3 weeks ago.. People were sleeping on this company. Even without all the press and reddit info now.

I would but I've run out of bullets. I'll wait till it hits 50 then dca in.

Have another 2k usd but I'm eyeing other stock. If it goes to 50, I'll consider getting another 10-20shares.

0,
im not stupid. Holding loss position of 20 shares is enough for me.

go play other stocks. When it climb, i sell, if down too much, just write off, but keep it. 20 years later, i come back to it. lol.

This post has been edited by Liamness: Feb 5 2021, 10:46 AM

we will see. Mind you, shorters doubled down on their position. on 16th of Jan, the short on this stock was at astounding 225%.


The next time we know the position will be on the 9th of Feb. If they still didn't go below 100%, aka physically not possible with the amount of shares being traded on a daily basis, watch as buyers all begin to rush back into it again..

Welcome to the whacky world of trading to insanity.

ya, i think it's important to remember that this is a gamble. No different than going to gambling house and put your money down on black.

Only play with money you can afford to lose.

welcome to wall street bets.

I'm playing with disposable funds. Those that i want to hold are all tied in long term investments like stocks, etfs, property, stash-away and my cpf.

this one here, just playing for fun. Hence a small amount. I'm down 300usd overall. Which is nothing at the end of the day. Just no PS5 for me this year.

ya, offloaded half of my 20 when it hit my stop loss at $70.

just holding the rest until the bottom now.

they are the largest gaming retailing company in the world, with 5500 stores world wide.

If they closedown even half of those stores, they would raise enough revenue and capital to play around with. They intend to close down most of its stores and keep a few mega-stores, where people can come in and try products, games, and even host tournaments. Kind of like Apple stores.

I don't think they are dying anytime soon. And certainly not under Cohens watch. All that talk about being another blockbuster is rubbish. You still need to buy consoles and controllers, and other gadgets if you intend to play games.

There won't be a netflix version of console gaming, where everything is streamed to your PC to emerge in the next decade.

And unlike netflix, Sony and Microsoft understand the symbiotic relationship that a gaming retailer like GME holds. Together, they complement each others business in the gaming sector. Hence why both Sony & Microsoft decided to keep their physical disc drives in the next gen consoles instead of going completely digital when they could. GME also has revenue sharing of digital sales with Microsoft.

Amazon is on the rise and sure, they are a threat to GME, but even then, GME has a way to deal with Amazon by offering early title releases, trade ins and selling of used games, coming into store for instore collections, drop off, & trying of physical products. You can't do any of that with Amazon.

I think they are in need of a rebranding. Refresh their logo, give their stores a more streamlined, & clean appearance, introduce a more consumer centric shopping experience like Apple and go from there.

yeah, i automatically put some stop losses at 30% on all of my plays.

learn long time ago to cut loss. I could DCA right now, but prefer to really wait this time instead of rushing in without thought. Although it is tempting to do it just with the knowledge that shorts couldn't have possibly covered all their position with the amount of stock volume being traded these couple of days.. For them to cover, they need everyone to sell off their stock and that includes institutional investors, GME and many more.

Even at $20, it is a loss to Melvin, who are holding on $4 short positions. Melvin said they cut their losses at $150 and loss half of their entire capital. Let's see on 9th of Feb whether this is the true story..