Announcement

Collapse
No announcement yet.

Gamestop

Collapse
X
Collapse
 
  • Page of 15
  • Filter
  • Time
  • Show
Clear All
new posts
Previous 1 2 3 4 5 6 7 8 14 15 template Next
  • #46
    There is a certain amount of money that needs transferred... so far 5b has been? It isn't just a pump and dump.

    Of course, the sophisticated players will be good at not holding the 'bag'.

    I saw one suggestion that a bailout agreement would be made to payout at 500 and provide relief to the shorts. I am not sure if such an agreement could be made.

    JM
    Jon Miller-
    I AM.CANADIAN
    GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.

    Comment

    • #47
      I remember more of my discussion about the EMH from the past. I think that this is more properly a point about information and about how even the hedge funds do not use all possible information allowing the market to be efficient by someone else leveraging that information. Like if they had bought some long term very cheap very high OTM calls they would have been entirely safe. Like it would have been very cheap to have bought a set of long erm $100 calls back in August when the price per share was ~$5.

      In the future, hedge funds won't make such mistakes.

      JM
      Jon Miller-
      I AM.CANADIAN
      GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.
      • Likes 1

      Comment

      • #48
        Originally posted by Dinner View Post
        You think that is the only question? How about the question of who will be caught holding the bag when it all crashes down?
        I m sure a horde of retail investors will get burnt. A common denominator of booms seems to be "mum and dad investors" pile in to a boom with no idea what they are doing beyond seeing that people have made heaps of money. So they buy in too late and lose more than they can fford.

        So far a hedge fund went bust which made made people lugh. Lots of poor ***** cashed in and made enough money to make a difference to their lives which is wonderful. Now hordes of ***** are buying up big nd many will lose.

        Somebody once put forward the "greater fool theory" to explain booms, That means you can py foolish prices if there is a greater fool willing to pay eveb more but eventually you run out of fools and the last fools are wiped out.
        • Likes 1

        Comment

        • #49
          Originally posted by Dinner View Post
          You think that is the only question? How about the question of who will be caught holding the bag when it all crashes down?
          Whoever buys at the top
          I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
          - Justice Brett Kavanaugh

          Comment

          • #50
            Originally posted by Jon Miller View Post
            There is a certain amount of money that needs transferred... so far 5b has been? It isn't just a pump and dump.

            Of course, the sophisticated players will be good at not holding the 'bag'.

            I saw one suggestion that a bailout agreement would be made to payout at 500 and provide relief to the shorts. I am not sure if such an agreement could be made.

            JM
            They are already priming for a bailout with the "protect retail investors" narrative. I don't think many people are investing their nest egg in this. It's just for fun.
            I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
            - Justice Brett Kavanaugh

            Comment

            • #51
              Down around 15% with low volume.
              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
              - Justice Brett Kavanaugh

              Comment

              • #52
                They tried to con people into buying silver instead of GameStop. Most people didn't fall for it.
                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                - Justice Brett Kavanaugh

                Comment

                • #53
                  Down over $100 today.


                  At least the redditors should be used to getting pennies on the dollar for their Gamestop trade ins.
                  Libraries are state sanctioned, so they're technically engaged in privateering. - Felch
                  I thought we're trying to have a serious discussion? It says serious in the thread title!- Al. B. Sure

                  Comment

                  • Thoth
                    #53.1
                    Thoth commented
                    February 1, 2021, 19:00
                    Editing a comment
                    and still dropping in after hours trading. Down to 176.


                    *pop* goes the bubble
                • #54
                  It just lost Friday's gains.
                  I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                  - Justice Brett Kavanaugh

                  Comment

                  • #55
                    Worse than that.

                    35 million shares were traded today.
                    The short interest declined by 35 million today.

                    That suggests that the only people buying are those covering their shorts and taking profits and that the bottom has already dropped out.
                    Libraries are state sanctioned, so they're technically engaged in privateering. - Felch
                    I thought we're trying to have a serious discussion? It says serious in the thread title!- Al. B. Sure

                    Comment

                    • #56
                      I don't think it was retail. It might be that retail ends up not getting most of the profit from the losses of the hedge funds.

                      I don't believe that most of retail bought in above 100 although I have a friend who did.

                      JM
                      Jon Miller-
                      I AM.CANADIAN
                      GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.

                      Comment

                      • Thoth
                        #56.1
                        Thoth commented
                        February 2, 2021, 08:38
                        Editing a comment
                        There are two classes of retail in this: 1) the sophisticated and savvy investors who got this thing rolling and 2) the hordes of ignorant fools who piled on last week in the hopes of making easy money/sticking it to the man.

                        The first group have done very well for themselves (assuming they're bright enough to have cashed out already).
                        The second group were late to the party and bought in at high prices.
                    • #57
                      Originally posted by Jon Miller View Post
                      I don't think it was retail. It might be that retail ends up not getting most of the profit from the losses of the hedge funds.

                      I don't believe that most of retail bought in above 100 although I have a friend who did.

                      JM
                      Yeah. I don't think retail had the power to create that volume last week.
                      I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                      - Justice Brett Kavanaugh

                      Comment

                      • #58
                        They don't have the power that they want to have and people got distracted by silver and the media.
                        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                        - Justice Brett Kavanaugh

                        Comment

                        • #59
                          HFs are the big losers in this, not Wall Street Bets or retail investors. The establishment had a very bad week. Of course they will spin in another way, like people are stupid and lost money.
                          I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                          - Justice Brett Kavanaugh

                          Comment

                          • Kidlicious
                            #59.2
                            Kidlicious commented
                            February 2, 2021, 09:18
                            Editing a comment
                            The HFs didn't own many shares.
                          • Thoth
                            #59.3
                            Thoth commented
                            February 2, 2021, 11:10
                            Editing a comment
                            HFs lost. So did the fools who jumped on this in the last week.

                            The winners are the institutional investors who held long positions going into this and who quite happily got behind the WSB dupes and helped push. There are going to be some fund managers cashing very large bonus cheques as a result of this.
                          • Kidlicious
                            #59.4
                            Kidlicious commented
                            February 2, 2021, 12:30
                            Editing a comment
                            Look. This isn't a pump and dump. It's a short squeeze. WSB started it, period. And they didn't scam anyone.
                        • #60
                          Originally posted by Thoth View Post
                          Worse than that.

                          35 million shares were traded today.
                          The short interest declined by 35 million today.

                          That suggests that the only people buying are those covering their shorts and taking profits and that the bottom has already dropped out.
                          If this is true, and I'm not saying either way, then they had to have covered even more shorts at a higher price.

                          You can't have your cake and eat it too.
                          I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                          - Justice Brett Kavanaugh

                          Comment

                          • Kidlicious
                            #60.2
                            Kidlicious commented
                            February 2, 2021, 12:51
                            Editing a comment
                            People made much more on the squeeze
                          • Thoth
                            #60.3
                            Thoth commented
                            February 2, 2021, 13:17
                            Editing a comment
                            Hedge funds lost huge (YAY!)
                            Investment funds that were long made a lot of that (assuming they have exited their positions)
                            Investors who shorted at the high end of the squeeze and into the bubble are making money
                            the reddit hordes who have been buying GME since Wednesday and are still being told to buy more and hold are the marks who get left holding the bag
                          • Kidlicious
                            #60.4
                            Kidlicious commented
                            February 2, 2021, 13:25
                            Editing a comment
                            People are buying on the dips. There's always going to be people who buy on the high. Most of them didn't do it for money. It's just for fun.
                        Previous 1 2 3 4 5 6 7 8 14 15 template Next
                        Working...
                        X