The journey is over; the motivation in here is drier than drips mum.

[DanielParke]

AMC to boon soon?

[~Hades~]

]

[Drips617]

Wasn't expecting THIS to be the event that unified the country, but, here we are. For being a bunch of soy boy cucks, reddit sure is making themselves heard right now.


Pretty wild week, on wall street

Possibly, maybe even probably, the first ripple of many to come that changes fin tech forever

Robinhood now playing dirty games. Going to backfire, immensely.


February is going to belong to ETH and the alts.

[DanielParke]

Need my stonks

[da2ricky]

[AlbinoGerbil]

[img]https://scontent-iad3-1.xx.fbcdn.net/v/t1.0-9/142436952_424266185674267_3518388934742817148_n.jp g?_nc_cat=104&ccb=2&_nc_sid=8bfeb9&_nc_ohc=PR2YY4a _CWYAX-BLZ4P&_nc_ht=scontent-iad3-1.xx&oh=8ca5232131d0062e59c7e9585b7ccfd0&oe=603C01 D5[img]

Who knew the ‘M’ in GME was Ma’am?

[guest]

Wasn't expecting THIS to be the event that unified the country, but, here we are. For being a bunch of soy boy cucks, reddit sure is making themselves heard right now.


Pretty wild week, on wall street

Possibly, maybe even probably, the first ripple of many to come that changes fin tech forever

Robinhood now playing dirty games. Going to backfire, immensely.


February is going to belong to ETH and the alts.

I’ll just put up front that I’m 100% in favor of retail investors screwing over hedge funds. Especially when hedge funds are shorting a company into the ground in order to accelerate its demise.

That being said; an exit plan is missing and is sorely needed.

Right now, GME is >$300/sh - but that because there is pressure on the supply. Now, let’s say all of the shorts cover.
There is no more pressure on the supply side. In order to cash in your paper millions, someone needs to be willing to buy your shares. Once the shorts have covered, what is left to create upward pressure? The gamma squeeze brought it to an illiquid point. Trying to sell will be like trying to catch a falling knife.

I’m 100% behind what’s going on, but I don’t see how it ends with anything other than a bunch of bag holders.

I learned my lesson about market liquidity early on with call and put options on the VIX. I had thousands in profit on my options - nobody was buying. I escaped with a tiny profit...not nearly worth the anxiety. I thought I was smarter than the market. I wasn’t.

*edit full disclosure: I “wheeled” $34 GME puts at the beginning of January (I sold them for premium). As the stock rose into the hundreds and I saw it getting messed with by the market makers, I tried to cover. $35 put options on a $300+ stock with less than a month until opex should have been maybe a few cents. They were over $500/contract! I ended up only making less than $200/contract. That’s pretty crazy!

[Drips617]

I’ll just put up front that I’m 100% in favor of retail investors screwing over hedge funds. Especially when hedge funds are shorting a company into the ground in order to accelerate its demise.

That being said; an exit plan is missing and is sorely needed.

Right now, GME is >$300/sh - but that because there is pressure on the supply. Now, let’s say all of the shorts cover.
There is no more pressure on the supply side. In order to cash in your paper millions, someone needs to be willing to buy your shares. Once the shorts have covered, what is left to create upward pressure? The gamma squeeze brought it to an illiquid point. Trying to sell will be like trying to catch a falling knife.

I’m 100% behind what’s going on, but I don’t see how it ends with anything other than a bunch of bag holders.

So much to unwrap here.

I'm of the opinion the hedgies are playing a game of chicken here and are going to lose HUGE. If melvin capital truly covered their shorts at $90 like they said they did, there is absolutely 0 need to make an advertisement and go on record stating so. Just close it and move on. They (the hedgies) with the help of their shady exchange pals, are so obviously trying to spread FUD and discourage retail from continuing to buy. They are simply lying. Short report came out and most of those positions HAVENT been closed yet. This squeeze hasn't really started yet and is going to be epic IMO.

They got greedy and they may just lose their ass because of it. How do you short 120% of a ticker's available float? So so stupid. They are backed in a corner and they know it. And retail knows it. Like I said a game of chicken.

This could/will have a massive effect on the greater stock market. The hedgies will have to liquidate billions of their holdings to cover, mostly the FAANG stocks and other big tech. Which make up a big part of the indexes. That'll create a cascading effect with people losing confidence in the broader equity market = That's the real falling knife.

I donno that's how I see this playing out. Maybe that's just my wet dream.


And as an added bonus, retail is seeing just how shady the centralized exchanges are, and how a "free market" is just an illusion, and will soon see the importance of a truly decentralized exchange. Win for crypto.

And for the record I'm cool with what's happening too. See, maybe we're not so different!


Now just tell me that you secretly think AoC is a nutcase too and we will be besties.


https://www.google.com/amp/s/www.cnb...this-year.html

[guest]

So much to unwrap here.

I'm of the opinion the hedgies are playing a game of chicken here and are going to lose HUGE. If melvin capital truly covered their shorts at $90 like they said they did, there is absolutely 0 need to make an advertisement and go on record stating so. Just close it and move on. They (the hedgies) with the help of their shady exchange pals, are so obviously trying to spread FUD and discourage retail from continuing to buy. They are simply lying. Short report came out and most of those positions HAVENT been closed yet. This squeeze hasn't really started yet and is going to be epic IMO.

They got greedy and they may just lose their ass because of it. How do you short 120% of a ticker's available float? So so stupid. They are backed in a corner and they know it. And retail knows it. Like I said a game of chicken.

This could/will have a massive effect on the greater stock market. The hedgies will have to liquidate billions of their holdings to cover, mostly the FAANG stocks and other big tech. Which make up a big part of the indexes. That'll create a cascading effect with people losing confidence in the broader equity market = That's the real falling knife.

I donno that's how I see this playing out. Maybe that's just my wet dream.


And as an added bonus, retail is seeing just how shady the centralized exchanges are, and how a "free market" is just an illusion, and will soon see the importance of a truly decentralized exchange. Win for crypto.

And for the record I'm cool with what's happening too. See, maybe we're not so different!


Now just tell me that you secretly think AoC is a nutcase too and we will be besties.


https://www.google.com/amp/s/www.cnb...this-year.html

At least you’ve found some common ground with AOC and Elizabeth Warren :}

Melvin most likely did cover. Then, they most likely took out new short positions at $300. Why wouldn’t they? They could suck a lot more premium out that way.

But as far as FAANG stocks go; there simply isn’t enough market cap in GME, BB, AMC, etc to affect the price of the FAANGS.

[DanielParke]

Odds gme will hit $400?

[guest]

Odds gme will hit $400?

I’d say very good

[Drips617]

At least you’ve found some common ground with AOC and Elizabeth Warren :}

Melvin most likely did cover. Then, they most likely took out new short positions at $300. Why wouldn’t they? They could suck a lot more premium out that way.

But as far as FAANG stocks go; there simply isn’t enough market cap in GME, BB, AMC, etc to affect the price of the FAANGS.

I don't know G, maybe those redditors can stay united autistically longer than the hedgies can stay solvent

I know that's an irrational thought, but for most of the people involved in this, it's personal. It goes beyond making money. They're pissed that the average person lost wealth and jobs during 2020 fiasco while the elites increased their wealth by ~40%


This is their equivalent of the riots and protesting for the fat basement dwelling tendie eaters (no offense ricky)

Odds gme will hit $400?

The only reason is hasn't hit 1000 yet is because robinhood illegally stopped buys

[guest]

I don't know G, maybe those redditors can stay united autistically longer than the hedgies can stay solvent

I know that's an irrational thought, but for most of the people involved in this, it's personal. It goes beyond making money. They're pissed that the average person lost wealth and jobs during 2020 fiasco while the elites increased their wealth by ~40%


This is their equivalent of the riots and protesting for the fat basement dwelling tendie eaters (no offense ricky)




The only reason is hasn't hit 1000 yet is because robinhood illegally stopped buys

I think it’s entirely possible. It depends on how Melvin shorted. If they went out and bought a bunch of $300 put LEAPS, then it’s going to be tough. If they were writing swaps or spreads or some other hedged strategy using normal contracts a month or two out, then Melvin could get smacked again.

Either way, they keep getting the sympathetic word out there that Redditors are really just hurting peoples 401K’s. That’s bullsht! Peoples 401k’s have mostly index funds, target funds, maybe sector funds...and if you’re lucky, an SDA with regular stocks or level 1 options. Nobody has levered bets in their 401k. It’s one thing that makes me hope more and more that the hedgies get buried. Their media campaign is nauseating because they aren’t being honest.

[Drips617]

Either way, they keep getting the sympathetic word out there that Redditors are really just hurting peoples 401K’s. That’s bullsht! Peoples 401k’s have mostly index funds, target funds, maybe sector funds...and if you’re lucky, an SDA with regular stocks or level 1 options. Nobody has levered bets in their 401k. It’s one thing that makes me hope more and more that the hedgies get buried. Their media campaign is nauseating because they aren’t being honest.

They are trying to...but this time I don't think most people are buying that story. It's not like the hunter biden case where the entirety of social media and mainstream media was going to bat for them lying on their behalf. (Yeah I had to throw that in hehe)


I got a limit order in for 5 shares in at $208. Yolo money. Ain't gonna cry about it either way. Just me throwing my middle finger to them. Now where are my tendies?

[guest]

They are trying to...but this time I don't think most people are buying that story. It's not like the hunter biden case where the entirety of social media and mainstream media was going to bat for them lying on their behalf. (Yeah I had to throw that in hehe)


I got a limit order in for 5 shares in at $208. Yolo money. Ain't gonna cry about it either way. Just me throwing my middle finger to them. Now where are my tendies?

I hope it skyrockets, tbh. I still say it’s not sustainable, but we’re admittedly in uncharted territory, here.

In reality, it’s not conceptually different than trading on TA and using the charts to tell you where momentum is building. This is just replacing a chart pattern with WSB posters.

[DanielParke]

I have a sell limit at $380. Being conservative as I don’t think this movement has much steam left. 🐵💪🏾🤝

[Drips617]

I have a sell limit at $380. Being conservative as I don’t think this movement has much steam left. 🐵💪🏾🤝

Who r u srs. who's alt account?

[DanielParke]

You don’t know me, I went to a different school

[Drips617]

You don’t know me, I went to a different school

Glad I wasn't filled yesterday at $208

Just got filled right now at $106.

And now we wait

[guest]

Glad I wasn't filled yesterday at $208

Just got filled right now at $106.

And now we wait

Nice...you got a big discount. Did you double up? I do really hope I was wrong about it ending badly for the GME investors. I hope this opens up a lot of bigger conversations.

Fact of the matter is, opportunity is tilted.

Retail investors do not have the same opportunity to make money with as low of risk as the wealthy and especially not as much as the hedge funds. We are seeing that inequity exposed. I hope the end result is a bunch of people paying off their student loan debt or whatever - but at the very least it’s exposing the uneven playing field.

I still haven’t seen the exit strategy on WSB. I hope you have one. Whether it’s doubling, getting to $400, or whatever - I hope you entered your trade with a solid exit strategy and I hope you are able to execute it. Good luck, man!

[Drips617]

Nice...you got a big discount. Did you double up? I do really hope I was wrong about it ending badly for the GME investors. I hope this opens up a lot of bigger conversations.

Fact of the matter is, opportunity is tilted.

Retail investors do not have the same opportunity to make money with as low of risk as the wealthy and especially not as much as the hedge funds. We are seeing that inequity exposed. I hope the end result is a bunch of people paying off their student loan debt or whatever - but at the very least it’s exposing the uneven playing field.

I still haven’t seen the exit strategy on WSB. I hope you have one. Whether it’s doubling, getting to $400, or whatever - I hope you entered your trade with a solid exit strategy and I hope you are able to execute it. Good luck, man!

I did double up...and I sold like an hour later at $142. LOL wasn't liking the look of things

At least I didn't lose anything and can tell my grandkids I was part of the great GameStop la revolucion


I think I may wait for a re-entry. I'm not really big on day trading but these volatile swings are hard to pass up

[guest]

I did double up...and I sold like an hour later at $142. LOL wasn't liking the look of things

At least I didn't lose anything and can tell my grandkids I was part of the great GameStop la revolucion


I think I may wait for a re-entry. I'm not really big on day trading but these volatile swings are hard to pass up

You could write an iron condor and set the legs far enough out that they won’t go in the money.

[Drips617]

You could write an iron condor and set the legs far enough out that they won’t go in the money.

Fudge it dude I'm back in. Look at this, pic. The price is being manipulated so bad. No one's even selling, more people are buying and the volume is so low



Makes me think these guys behind the scenes are just selling what shares they do have available, back and forth to each other to walk the price down. This isn't natural price action at all

Hedgies that are calm and confident in their positions do not play these games, right?

[guest]

Fudge it dude I'm back in. Look at this, pic. The price is being manipulated so bad. No one's even selling, more people are buying and the volume is so low



Makes me think these guys behind the scenes are just selling what shares they do have available, back and forth to each other to walk the price down. This isn't natural price action at all

Hedgies that are calm and confident in their positions do not play these games, right?

Yeah, they could be running a ladder. But that ends up screwing them since you really can’t short at the higher price. If they were smart, they jumped back in to short at the $300’s and just let it ride down.
It’s entirely possible they are doing a ladder, though...just to stick it to WSB.

Better have 💎💎🤲🤲

Otherwise, how much pain are people willing to take?

[Drips617]

Yeah, they could be running a ladder. But that ends up screwing them since you really can’t short at the higher price. If they were smart, they jumped back in to short at the $300’s and just let it ride down.
It’s entirely possible they are doing a ladder, though...just to stick it to WSB.

Better have 💎💎🤲🤲

Otherwise, how much pain are people willing to take?

100% they are certainly approaching this as a game of attrition

[Drips617]

Big accumulation happening between 80-120

[Luc1fer]

Makes me think these guys behind the scenes are just selling what shares they do have available, back and forth to each other to walk the price down. This isn't natural price action at all

Hedgies that are calm and confident in their positions do not play these games, right?

You can't just walk the price down, the conspiracy would be selling counterfeit shares to drop the price: https://www.reddit.com/r/wallstreetb..._are_not_real/

It's way more likely that investors exited. WSB diamond hand kids aren't the only ones on the GME train.

What evidence do you have of a "short ladder attack"?

[guest]

You can't just walk the price down, the conspiracy would be selling counterfeit shares to drop the price: https://www.reddit.com/r/wallstreetb..._are_not_real/

It's way more likely that investors exited. WSB diamond hand kids aren't the only ones on the GME train.

What evidence do you have of a "short ladder attack"?

I don’t know whether they exist or not at larger institutional levels. I’m only aware of the practice because it was a common pump and dump technique on penny stocks years ago...though it usually took place in the AH/OTC market.

My thesis on the “diamond hands” still stands, though. At some point, people will need to make their paper windfall liquid. At that point, GME’s fundamentals become the guide. Timberrrrrrr!

I hope I’m wrong, because if I’m right, then the only ones getting hurt will be the small retail investor who was probably just trying to free themselves of a few months student loan debt or something.

[Drips617]

You can't just walk the price down, the conspiracy would be selling counterfeit shares to drop the price: https://www.reddit.com/r/wallstreetb..._are_not_real/

It's way more likely that investors exited. WSB diamond hand kids aren't the only ones on the GME train.

What evidence do you have of a "short ladder attack"?

No evidence per say. More of an observation/theory

There are also a lot of reddit threads with the opposing argument than the one you provided. Need to see both perspectives before making a judgement

[OT2000]

Lol @ being a bag holder