Gamestop

[Kidlicious]

That's the media narrative and benefits the hedgefund managers that manipulate the market all the time. "Small group" sounds good to people that promote the propaganda that helps the establishment.

Every dollar made coincides with dollars lost. A lot of people got in and made money. A lot of people will lose money. But you are just repeating the narrative that the hedgefund managers want you to promote. There's no evidence to that.

[Dinner]

At the end of the day it will be people who hold the stock last who get burned.

[Thoth]

Yup. And WSB is still recruiting suckers to keep the bubble inflated.

[Kidlicious]

And the establishment suckered you into shilling for billionaires.

[-Jrabbit]

...says the Trump disciple.

[Thoth]

That's the media narrative and benefits the hedgefund managers that manipulate the market all the time. "Small group" sounds good to people that promote the propaganda that helps the establishment.

Every dollar made coincides with dollars lost. A lot of people got in and made money. A lot of people will lose money. But you are just repeating the narrative that the hedgefund managers want you to promote. There's no evidence to that.

[Jon Miller]

I get concerned for the people who bought at 320 or 420. There was buying opportunities at 130 last Thursday still and the short position is still over 100%. If your position was purchased with an average price under 200, and you are a little bit risk adverse, then I think you end up with a profit.

Those who bought Thursday for 150 could sell 50% Friday for 300 and be all upside now while still being 50% in.

To me it looks like the stock will be spending mosts of its time during this short squeeze with highs between 300-400. This is based on the behavior of last week, so that is pretty small information.

JM

[Kidlicious]

Interesting. My friend bought at 5 and plans to sell at 400. He thinks it's going to bounce.

I don't think I'm going to get in though.

[giblets]

Everyone except Kidicious is a hedge fund shill

[Jon Miller]

Interesting. My friend bought at 5 and plans to sell at 400. He thinks it's going to bounce.

I don't think I'm going to get in though.

When did he decide that? There were 400 opportunities last week? 5 was a long time ago, before I almost anyone recognized it as a good investment.

JM

[Kidlicious]

Idk. He's a buddy I served with in the Navy that I still talk to. He didn't say when he bought it. I would have sold it already.

[Kidlicious]

He had it before as a penny stock. Then he bought more at 300.

[Dinner]

It was never a penny stock. The low was $3.75 and most estimates of price to earnings ratios say it should be around $16. A few have speculated that due to new game counsels hitting the market and how that usuly fuels a wave of game purchases it might be good all the way to $20. Certainly anything over that is bubble territory especially $350.

[Kidlicious]

I think penny stock is less than 5.

[Kidlicious]

I might buy some anyway. I don't care if I lose.

[Thoth]

I get concerned for the people who bought at 320 or 420. There was buying opportunities at 130 last Thursday still and the short position is still over 100%. If your position was purchased with an average price under 200, and you are a little bit risk adverse, then I think you end up with a profit.

Those who bought Thursday for 150 could sell 50% Friday for 300 and be all upside now while still being 50% in.

To me it looks like the stock will be spending mosts of its time during this short squeeze with highs between 300-400. This is based on the behavior of last week, so that is pretty small information.

JM

A lot of the short interest is new. It's a lot harder to squeeze someone who shorted at $300 than it is to squeeze someone who shorted at $30. Even more difficult if they've hedged the short.
In the absence of a squeeze this is just a hype bubble. If you haven't visited WSB recently, check it out. It's nothing but hype and disinformation at this point and a lot of people are getting conned.

[Kidlicious]

A lot of the short interest is new. It's a lot harder to squeeze someone who shorted at $300 than it is to squeeze someone who shorted at $30. Even more difficult if they've hedged the short.
In the absence of a squeeze this is just a hype bubble. If you haven't visited WSB recently, check it out. It's nothing but hype and disinformation at this point and a lot of people are getting conned.

"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. Citadel’s flagship fund lost less than 1% last week on its investment into Melvin Capital, a source familiar with the matter told CNBC.

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.”"

[Thoth]

Cool headlines bro.

[Kidlicious]

You must have fell for the line that they are protecting retail investors.

[Kidlicious]

It was never a penny stock. The low was $3.75 and most estimates of price to earnings ratios say it should be around $16. A few have speculated that due to new game counsels hitting the market and how that usuly fuels a wave of game purchases it might be good all the way to $20. Certainly anything over that is bubble territory especially $350.

Of course it's a bubble. The only question is how high it can go.

[Dinner]

You think that is the only question? How about the question of who will be caught holding the bag when it all crashes down?