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Member
Aye, profits are profits bruh.
The battle over Gamestop is getting really interesting
- Thread starter LordOfChaos
- Start date
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Deleted member 17706
Unconfirmed Member
After that post earlier, I decided to liquidate some other holdings and jump on the GME train. Got 31 shares at around $160 or so. Already up over $1,000 
.
Fuck it, let's see where this thing goes.
.Fuck it, let's see where this thing goes.
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Andodalf
Banned
After that post earlier, I decided to liquidate some other holdings and jump on the GME train. Go 31 shares at around $160 or so. Already up over $1,000
Fuck it, let's see where this thing goes.
Friday that could be up 5k for ya
D
Deleted member 17706
Unconfirmed Member
What truly triggered this by the way? Did someone just notice how many short sales were coming up due and thought they could mobilize Reddit to really maximize the valuation and keep pushing it up?
Is there any easy way to visualize short sale activity for any given stock? Im still pretty dumb/new about this stuff.
Is there any easy way to visualize short sale activity for any given stock? Im still pretty dumb/new about this stuff.
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Member
I did the same when it was at 135 and put 80% of my Portfolio in gme. Let's do this bruh!After that post earlier, I decided to liquidate some other holdings and jump on the GME train. Got 31 shares at around $160 or so. Already up over $1,000
Fuck it, let's see where this thing goes.
Reizo Ryuu
Gold Member
233? How did it jump so much higher after closing?
D
Deleted member 17706
Unconfirmed Member
I'm guessing it's some kind of self inertia combined with Elon Musk's tweet.
Andodalf
Banned
The stock was undervalued, and got shorted heavily while also getting some good news (The Chewy guy) the stock was going to naturally rise a bit, but the shorts made a fight out of it leading to this.
LordOfChaos
Member
250 after hours....Fuuuuuuuck mee, yeah cancelling any limit sells below 420 and most of those 420s...
Jesus Christ how am I supposed to pay attention to anything else, but there's not many other days I make 8K taking a shit!
D
Deleted member 17706
Unconfirmed Member
I picked up 100 shares in AMC since it was dirt cheap. I doubt it see even 10% of the rise that GME did, but whatever, it's only a few hundred bucks.
edit: nvm, should probably take this to the stocks/investing thread.
edit: nvm, should probably take this to the stocks/investing thread.
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Andodalf
Banned
Limit has to be near 1k right? A squeeze Friday a this point will be nuts
Nikana
Go Go Neo Rangers!
i am about a grand in and up about 700 bucks. I am riding this one out. I just wanna be a part of it.
LordOfChaos
Member
Yeah I'm keeping mostly 1K limit sells and many open ended. I already took my cost basis out, only a few still at 420 to book a profit.
If this thing works out it's got to be one of the biggest non-inheritance capital transfers from boomer fund managers to yolo memers ever, maybe don't even need the qualifier.
Andodalf
Banned
It’s going to be a crazy situation, a ton of people will have a 1k limit and the shorts will be in a terrible spot. Even the 115$ guys
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Member
I can't wait to watch this during tomorrow's premarket. The volatility is going to be insane.
D
Deleted member 17706
Unconfirmed Member
Hopefully everyone holds. If it dips below $200, I'll probably buy some more. Shit is crazy!
Buggy Loop
Gold Member
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Member
Yeah and now AMC is making a run.Hopefully everyone holds. If it dips below $200, I'll probably buy some more. Shit is crazy!
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Deleted member 17706
Unconfirmed Member
"DeepFuckingValue"
No lies detected.
No lies detected.
Reizo Ryuu
Gold Member
based elon
D
Deleted member 17706
Unconfirmed Member
LordOfChaos
Member
If this man could hold out through wiping out 5 million in gains for greater gains in the future, so can you paper hands!
The squeeze has NOT been squoze
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Andodalf
Banned
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Buggy Loop
Gold Member
Questrade just sent me an email
Long positions margin requirements increased from 75% to 100%
and the margin requirement on short positions will increase from 250.00% to 300.00%.
Long positions margin requirements increased from 75% to 100%
and the margin requirement on short positions will increase from 250.00% to 300.00%.
LordOfChaos
Member
Jesus. Shorts are dead. I just can't believe how bad of a position they're in.
Buggy Loop
Gold Member
Note to self, I really have to remove my 420.69 sell trigger.
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Deleted member 17706
Unconfirmed Member
I shook my head at "meme magic is real" many years ago, but I think I may have been wrong.
Nikana
Go Go Neo Rangers!
Luckily I got in on that one early.
Bought 10 shares for shits and gigs.
Buggy Loop
Gold Member
I use Questrade because all options relatively suck I’m Canada. In USA Robinhood is super popular.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
This is the new world we live in. Black Mirror was right. :-/
LordOfChaos
Member
I vote for the boomers 140% shorting a stock on float
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Wasn't the margin requirement 140% last Friday? Is that true?
Buggy Loop
Gold Member
Questrade last Friday sent me this
“Effective January 25, 2021, the margin requirement on long positions of symbol GME will increase from 50.00% to 75.00% and the margin requirement on short positions will increase from 50.00% to 75.00%.
We recommend you review your current positions to ensure you are not issued a margin call due to this change.
It is your responsibility to monitor your account and margin, and to deposit enough funds or close enough positions to remain in good standing. Otherwise, we will issue a margin call and we may need to close positions to satisfy the shortage.
We retain the right to require more margin at any time we consider necessary.”
Shorts went from 75% to 300% (i did not even see the 75% to 250%) If other brokers had higher shorts on Friday, you can be sure a similar ratio was applied.
Btw this is total equity vs your position, not an interest rate. If I put 10k for a short, I need 30k in the account just as a safety for it to pass. If I don’t, or if the current shorters do not fill the account to meet this requirement, they can get a margin call. This basically breaks the kneecaps of many many many shorters.
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*Nightwing
Banned
Ha! that self regulation moving in quick to make sure SEC & FTC don't start nerfing shorts LOL!
Buggy Loop
Gold Member
Uh, discord server’s mod said “Welcome Elon”
man Elon said hi, fucking crashed the server. Not sure if it’s the real Elon, but Elon on Twitter said he watched the discord’s chaos.
man Elon said hi, fucking crashed the server. Not sure if it’s the real Elon, but Elon on Twitter said he watched the discord’s chaos.
Buggy Loop
Gold Member
It’s official, WSB will enter all financial books as an example of a short squeeze. Imagine our kids at the university reading Reddit usernames like u/DeepFuckingValue as the masterminds behind this move hahaha
LordOfChaos
Member
Which discord, wsb?
Buggy Loop
Gold Member
D
Deleted member 17706
Unconfirmed Member
People checking in on GME after not paying attention (me about 5 hours ago):
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Buggy Loop
Gold Member
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Craig of War
Banned
Gamestop Shall rise again.
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Member
LordOfChaos
Member
People checking in on GME after not paying attention (me about 5 hours ago):
The squeeze. Has not. Been squoze.
I'd be very wary of getting on a train at the tail end of a parabolic run, if someone out there is considering it. It'll return to Earth without warning and everyone will sell at the same time, a ton of stop losses will trigger, etc. There won't be time to react.
Not financial advice.
Not financial advice.
Deanington
Member
Only in at 8 shares at an average of like 74. I only started noticing gme when the hype was around 40, still didn't buy in. Its still not too late to make money, unfortunately got have it to make it. Spent about 500 on BB a couple days ago too, hope that rockets.
Buggy Loop
Gold Member
You’re absolutely right. A lot of triggers will happen at 420 for the memes and then 1000. It will drop immensely after a squeeze. It will make a shockwave in all the market probably, spiking/dips in nearly every stocks.
Nobody should be thinking of GME for a long term 400$, maybe it will stabilize at 80~100 long term.
Those who are in, I would suggest setting the triggers with some margin away from the YOLO ones, if 1000$ is often seen, a 900$ trigger would be more conservative.