The battle over Gamestop is getting really interesting
- Thread starter LordOfChaos
- Start date
D.Final
Banned
Oh boy
Buggy Loop
Gold Member
There's no volume for anything to be perceived as "dump", from either bulls or bears. There's no reasons to spend millions of dollars on a short attack ladder (it's not free you know, every attack they lose money) if they are out, there's no reasons to spread so much FUD in media if they are out, there's no reason to hire bots if they're out.
There's also this :
This is no longer WSB. See these 800 calls and their insane premium values, all on the same date?
It's a battle of hedge funds. There's Fidelity, Vanguard who are long on GME and now Blackrock joined. There's so much bigger whales in % of the shares than WSB, it's not even comparable. Hell, it might even be Citadel offsetting their eventual losses by buying in the low dips, such a far out call in price knowing full well eventually they have to pull out and the squeeze happens, a calculated insurance on their side. Just a guess.
But one thing for sure, it's not about WSB vs hedge funds, it's HF vs HF. Way too big whales in the ocean for just WSB, at best, they have ~20% of shares. If it was not COVID times, these HFs would probably have made a party, including competitor HFs last week and snort coke off a hooker's ass and talk how they"ll make the other one a bitch and so on.
It's a war within Wall Street, and probably foreseen way before it blew up on Reddit by bullish hedge funds. So this is pretty much my cue to exit soon if price goes back up a bit. If it does not go back up by end of week, there's not much reasons to sell i would say, if i lose money, and i did not put anything i could not part with in it, might aswell see this throught and see how those big HFs are playing the game at the casino, because to get those 800$ calls, someone is confident it'll rocket up.
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Unknown Soldier
Member
Volume completely dried up, leaving us with a classic descending wedge. I'm not a TA guy but anyone here who is can explain what that means. HOLD.
BigBooper
Member
I know no one wants to give away how high they are betting this goes if it goes parabolic other than "to the moon," but you know if it happens it'll be these other huge hedge funds and investors that actually set the bail. If Citadel and Fidelity say 10k, it will be 10k... will they leave a giant smoking crater and ask for 1mil per? How do you plan to maneuver around that? If they say 10k, but you put your limits at 15k, you might miss it entirely by being too greedy.
kiphalfton
Member
I'm retarded, but how would short interest be so high if all the short sellers have already allegedly covered or closed out their short positions? If that were the case would the short interest not be lower?
It just doesn't make sense that all these articles keep coming out bashing retail investors. Reminds me of a crazy butthurt ex-girlfriend who pretends like she doesn't care, but keeps posting stuff on social media about the guy being a dick. If you have no horse in the race and had moved on, WTF are you doing still perpetuating all this BS?
It just doesn't make sense that all these articles keep coming out bashing retail investors. Reminds me of a crazy butthurt ex-girlfriend who pretends like she doesn't care, but keeps posting stuff on social media about the guy being a dick. If you have no horse in the race and had moved on, WTF are you doing still perpetuating all this BS?
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Trimesh
Banned
Because they are lying, obviously.
Setting up that sort of short ladder attack costs lots of time and money - and being so blatant about it runs a significant risk of attracting adverse attention from the regulators.
Buggy Loop
Gold Member
See that dip back to almost retail normals? That was 6 days of red.
It's not a question now if the shorts are still in a shitty situation, they are, but the question now is how they'll control the damage? As a squeeze ala VW with today's market caps would really leave a crater.
So why no peak? What's going on? Most likely, Synthetic longs.
Unless a whale does not force a trigger by applying too much pressure, they hid the inevitable in synthetics, at best they hope to have a long stretch of high, rather than a peak. (And would explain those 800$ calls)
Creator of those synthetic shares has 21 days to deliver. They are not paying interest in the meantime..
/not financial advice, sir, this is a casino
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Handy Fake
Member
I do enjoy that this is one thread on Gaf that brings everyone together.
I think everyone likes a little bit of organised chaos.
I think everyone likes a little bit of organised chaos.
A.Romero
Member
Yes, I'm enjoying that part too. It's like the old times.
Yamisan
Member
and its their own damn fault.
JORMBO
Darkness no more
Yep...they bought in to all the "it's going to $5000!" hype on WSB when realistically no one knows what could happen and a lot of the "analysis" being done over there is garbage.
A.Romero
Member
Can you elaborate?
JORMBO
Darkness no more
On what?
Bladed Thesis
Member
Bag holders lmaooooo
V4skunk
Banned
It's all going into physical silver.
longdi
Banned
See that dip back to almost retail normals? That was 6 days of red.
It's not a question now if the shorts are still in a shitty situation, they are, but the question now is how they'll control the damage? As a squeeze ala VW with today's market caps would really leave a crater.
So why no peak? What's going on? Most likely, Synthetic longs.
Unless a whale does not force a trigger by applying too much pressure, they hid the inevitable in synthetics, at best they hope to have a long stretch of high, rather than a peak. (And would explain those 800$ calls)
Creator of those synthetic shares has 21 days to deliver. They are not paying interest in the meantime..
/not financial advice, sir, this is a casino
If this is right, or if gme follows this trend, today is the end game now.
gme dead down to normals
Buggy Loop
Gold Member
We're basically at the point of this now
Doubt, fear, did I fuck up?
Let's see
Doubt, fear, did I fuck up?
Let's see
If this is right, or if gme follows this trend, today is the end game now.
gme dead down to normals
Short squeezes don't operate on magic or hive-mind mentality like regular stocks do.
There is a cut off day for the HF to return their loans. Its a contract. That day is today so i'm told. So the heavy price movements you are seeing now already contemplates the HF buying stocks to return them. They are being squeezed but they also succeeded in lowering the starting point by triggering a panic sell.
Also, I don't know what i'm talking about.
A.Romero
Member
On the garbage analysis
UnravelKatharsis
Member
This past week of ladder attacks could have been shorts trying to hedge their losses
If they know they're about to lose billions they better make as much as the can in the meantime
A.Romero
Member
That community has something called "Loss Porn". Users often post their reds.
A lot of them are not only not cashing out on their money, they are double dipping. That's the only reason it hasn't gone sub $50... Not only that, it's at 130 right now.
They are set on fighting off the ladder attacks.
This past week of ladder attacks could have been shorts trying to hedge their losses
If they know they're about to lose billions they better make as much as the can in the meantime
They can now be on the two sides of the fence, losing on the contracts but winning on longs. They still have to return the stocks though.
I wish I knew how many stocks they have to buy to fulfill the contract. They are clearly buying.
Raven117
Member
Its been that way since last week (and even longer). WSB started the fire, but Blackrock, Vanguard, Fidelity, kept the fight going. The "diamond hands" are the HF on the otherside from Melvin and a few others.
There's no volume for anything to be perceived as "dump", from either bulls or bears. There's no reasons to spend millions of dollars on a short attack ladder (it's not free you know, every attack they lose money) if they are out, there's no reasons to spread so much FUD in media if they are out, there's no reason to hire bots if they're out.
There's also this :
This is no longer WSB. See these 800 calls and their insane premium values, all on the same date?
It's a battle of hedge funds. There's Fidelity, Vanguard who are long on GME and now Blackrock joined. There's so much bigger whales in % of the shares than WSB, it's not even comparable. Hell, it might even be Citadel offsetting their eventual losses by buying in the low dips, such a far out call in price knowing full well eventually they have to pull out and the squeeze happens, a calculated insurance on their side. Just a guess.
But one thing for sure, it's not about WSB vs hedge funds, it's HF vs HF. Way too big whales in the ocean for just WSB, at best, they have ~20% of shares. If it was not COVID times, these HFs would probably have made a party, including competitor HFs last week and snort coke off a hooker's ass and talk how they"ll make the other one a bitch and so on.
It's a war within Wall Street, and probably foreseen way before it blew up on Reddit by bullish hedge funds. So this is pretty much my cue to exit soon if price goes back up a bit. If it does not go back up by end of week, there's not much reasons to sell i would say, if i lose money, and i did not put anything i could not part with in it, might aswell see this throught and see how those big HFs are playing the game at the casino, because to get those 800$ calls, someone is confident it'll rocket up.
IMO, this is going to be a thing for awhile. Retail, using a crowd source, creates volitility in a stock, HF's take advantage. If you could ride that wave, you might make a few bucks.
Buggy Loop
Gold Member
It's truely remarkable, AMC and GME short ladder attacks are identical this morning. As if a bunch of retards on WSB would sell in unison to make everyone think they're leaving the ship and dumping haha. Can't make this shit up.
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JORMBO
Darkness no more
WSB has gotten so big it is hard to tell what is real and what isn't. There's people showing random data that says the short is 40%. Then there's someone else with a bunch of images that say the short is above 100%. A lot of times you can't even tell where the users are pulling their images and data from. It kind of reminds me of GAF tech threads where you have people throwing around random terms like "cache scrubbers!", "I/O bottleneck!", etc. but it doesn't really feel like a lot of people know what they are talking about outside of throwing around random stuff they saw on Twitter or Youtube.
GHG
Gold Member
Never buy stock that is overvalued. If it's overvalued you're already too late.
There is no underlying reason for this stock to be the price it is at the moment (and was over the last week). Buy based on the business and it's overall capability, not based on whims and trends. If you do the latter it's only ever going to end in tears, especially if you don't give a shit about the underlying business.
The time to make a quick buck on this stock has passed. There might be another rise, but nowhere near the levels previously seen.
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A.Romero
Member
Yes, by their own admission most of them don't know what they are doing and sometimes it gets hard to tell good info from bad. Best is to do your own due dilligence.
What's interesting to me is that all that happened last week exposed them in a big way (halting buying from some platforms, media blitz, etc). Why would they do that if they weren't smelling blood?
I don't think this is over yet.
GHG
Gold Member
There's a function alright. Let me put it this way, a lot of the big businesses have close ties to them.
On the whole they don't exist for us (unless anyone here happens to own a multi-million dollar public company).
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down 2 orth
Member
Hang in there guys! Something of worth almost never comes easy.
Buggy Loop
Gold Member
GHG
Gold Member
Interactive Brokers.
BigBooper
Member
What's the implications of this?
longdi
Banned
new shortists coming on board? meaning more people are betting the stock to fall further!
TKOFromTokyo
Member
It looks like this automatically happens based on price % decline from previous close.
Buggy Loop
Gold Member
Cannot buy a short, cannot sell a short.
They can still ladder attack I believe and there's probably more than one way to get around this, but it's less ammo. At least until tomorrow as per the document, unless NYSE extends it.
losslessFlac
Member
I'm holding. It's dumb to maximize losses based on fear and not reason. Squeeze may not happen, but lots of short shares still. They have to cover. But good lesson for me. If you are late to a trend that seems like a squeeze, wait for the panic and buy when people are fearful.
TKOFromTokyo
Member
10% or more fall from previous day close.
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