NAKD mooning! Gimme my money back.
Nah, people were definitely doing it for the money. It wasn’t until people actually put a name to the heavy shorts (Melvin Capital) and started to see them as enemies due to “market manipulation” etc that it actually turned into a “fuck the hedge funds” operation. I feel like that transition happened around December or so, after the stock had run up a little bit.
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Cool my spread was up $1500 but can’t sell anything because schwab is giving me
Your request cannot be processed. Please fix the following error(s):
This order cannot be accepted because the Option symbol is not valid.
and now gme dumped $100 VERY cool
Same shit, different day
GME SQUEEZE
Please read!!! This text will be the most important piece that you’ll see today!!!
They didn’t exit any of their short positions! You can look it up!!! The fund sold their shares to other funds, which made the stock algorithm think the stock is being sold —> price goes down —> the found that bought sells those shares again to the fund that sold them in the first place —> price drops even more —> they keep doing that —> price drops lower every time —> but as long as we hold they weren’t able to exit any positions!!! Shorts are still up 120% percent. As long as we hold the squeeze is inevitable!! And if you don’t believe me, look at the GME after hour stock price!
Furthermore don’t sell at 1000$ tomorrow or next week!!! It can be way fucking higher! I‘m talking about numbers around 10/20k per share! Compared to the VW squeeze in 2008 GME would need to be valued at 34000$ per share!!!
READ THIS!!! COPIED IT FROM A WISE REDDITOR!!!
EVERYBODY READ THIS! Important!
Since it got removed: When do we sell? A quick guide for GME Army. (SECRET TO DIAMOND HAND
)
When do we sell? A quick guide for GME Army. (SECRET TO DIAMOND HAND
Too much disinformation about when to sell. I’m tired of seeing people paper handing GME when it drops by 20%, or saying to sell Friday (BTW DO NOT FUCKING SELL FRIDAY OR I WILL COME OVER THERE AND DO STUFF TO YOU!) so here is the DEFINITIVE guide on how to play the ending.
First, we need to understand what is “Days to Cover” or “Short Ratio” .
Official definition:
• Days to cover, also called short ratio, measures the expected number of days to close out a company’s issued shares that have been shorted. • Days to cover is calculated by taking the number of currently shorted shares and dividing that amount by the average daily trading volume for the company in question. • A high ‘days to cover’ ratio can often signal a potential short squeeze.
Dumbed down version:
• imagine you’re Melvin Capital and you have 1 million dildos up your ass. How long will it take to get all those dildos out of your ass? If the volume of dildo removing is 1 per day, then it’ll take 1 million days to remove 1 million dildos up your ass. If it’s 50,000 dildos a day, then it’s 20 days. • Same thing with covering short positions. How long will it take Melvin Capital and other shorters to cover their short positions? You take alllll the shorted shares, divided by the average volume of share movement per day, and you get something called “Days to Cover”
Now you know what day’s to cover means, you can check many websites to see what is the days to cover for GME.
So you can see, even if Melvin Capital wants to cover their shorts, it’s gonna take them DAYS, and right now it’s gonna take them an entire trading week to cover their position.
So what does that mean for us?
Well, we’re just waiting for the day when Melvin Capital starts covering their position. When is that day? VERY FUCKING SOON. They’re are bleeding out of their ass with the insane interest rate they’re paying for their position, and a lot of puts are expiring on Friday, plus a lot of ITM (in the money) calls expire Friday and can be exercised to get shares.
Friday might be the day where Melvin Capital have no choice BUT to start covering.
Now, IF this happens, then it’s not gonna take Melvin Capital 1 hour to cover all their shorts, but DAYS. Meaning if Melvin capital starts covering FRIDAY, it will take them at LEAST 3 DAYS to fully cover, which means ALL of next week, the price will keep increasing and increasing! So realistically I’d say Tues or Wed next week might be peak sell time, IF the covering starts Friday. No need to panic sell. No need to worry about a top that lasts for minutes. It will LAST FOR DAYS!!!
Now, CNBC and all of the MM’s and corrupt media will fool you into thinking Melvin Capital has already covered their shorts or some other bullshit, but don’t believe it. It takes DAYS to do so!
The only numbers you should be looking at is the short ratio. If it’s getting smaller, then the squeeze has begun. If it’s still at fucking 120% like it is now, NOTHING EVEN HAPPENED YET.
We’re at fucking $250 after hours and the shorts still haven’t begun to cover yet! Imagine when they do? $1000 is actually a very low estimate, and is no longer a meme number. If we all play it right and hold while shorts cover, we can literally squeeze this to infinity as they try to cover.
TL:DR = ACTUALLY FUCKING READ IT AND HOLD MOTHER FUCKERS HOOOOLLLDDDD. WE’RE ROBBING WALLSTREET TOGETHER!!!
And of course, this isn’t financial advice. I’m literally retarded.
Copy pasta from WSB
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I can’t get on to Fidelity which means I’m saving thousands of dollars right now.
I just got into my Fidelity account a few minutes ago in order to buy CLVS.
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Put in my sell order for GME hope it hits
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Been on vacation for a week. What’d I miss?
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Wherever you went is pathetic compared to the moon.
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The people who don’t know about shorting are the late stage people jumping into the bubble. The people actually responsible for the bubble, WSB and hedge funds (both long and short), certainly know that they’re squeezing shorts or being squeezed.
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Absurdly, i can only get on to Fidelity using Microsoft Edge, which marks the first time anyone has ever used Microsoft Edge.
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We are all tossing money at random stocks and hoping they gogogogo
CNN Business:
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for GameStop Corp have a median target of 12.50, with a high estimate of 33.00 and a low estimate of 3.50. The median estimate represents a -96.52% decrease from the last price of 359.45.
Analyst Recommendations
The current consensus among 8 polled investment analysts is to hold stock in GameStop Corp. This rating has held steady since January, when it was unchanged from a hold rating.
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Lol, HODL! Also, wtf LMAO? Not :
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Are you suggesting we all put out retirement savings into Microsoft stocks???!?!???
What is that difference? I’m not against short selling but it seems gross for hedge funds to massively short companies and then try to further drive down the price by talking them down on Wall Street tv. Should it be illegal? Maybe not but it’s gross.
So those people are assholes. No rule against that. But if massively shorting a small company like GameStop is allowed, I don’t see why it shouldn’t be also allowed to blow up that short for fun and profit. Or just for fun. Protect yourself at all times. And if it’s a bunch of reddit incels who did it, well that’s even funnier. So sorry Melvin!
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Interestingly, I’ve been using Microsoft Edge more lately. Firefox has been giving me problems on some sites and I’ve found that Edge not only works with everything, but it’s pretty fucking fast. TD Ameritrade and Mint wouldn’t load in Firefox this week. I use Wordpress in my job and for some reason, I’ve been having trouble selecting multiple blocks in Firefox, but in Edge, everything works great.
Bing sucks, though (yes, I know I can change my search engine).
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Someone explain to me how put options work so I can get in on the crash. So many different options (no pun intended) I need to choose on Fidelity.