The battle over Gamestop is getting really interesting

Holy shit it's about to break 50.

Bought 6 shares at 45 this morning as a small risk, let's see what happens


edit: passed 50!!!! Hahahaha SQUEEZE

edit: 51!!
 
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22%...Short squeeze starting??

Look, if you're gambling on this, do not sell for a modest 20% gain, these sorts of events are once in a decade and are extremely explosive, the more people buy and hold the more shorts are forced to cover which rockets the price up.


 
Almost 59!! Holy shit. Wish I had poured more money into this, but with the days of delay to transfer funds, my mere 6 shares will simply participate in something historic.
Some peoples are about to become millionaires

edit 63! This thing is going to the moon and shorts have not even expired! By end of weekend, it might pass 100$
 
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Buggy Loop said:
Almost 59!! Holy shit. Wish I had poured more money into this, but with the days of delay to transfer funds, my mere 6 shares will simply participate in something historic.
Some peoples are about to become millionaires
Click to expand...

Every share counts. Hold the line, drive it up, still plenty of shorts left to explode.

This is about to be reported on as a bunch of memers doing a pump, but really, a bunch of individuals taking over pricing power over one institutional investor is a nice thing to see. Their short tactics are predatory, now it blows up on them.

Edit: 46% up, 63 dollars...This is why I said do not sell for modest gains. Short squeezes are explosive.
 
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this story should make a good movie in about 10 years.

edit: trading resumed, wild shit bros
 
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LordOfChaos said:
...and consoles with disks have been outselling digital only editions vastly this generation.
Click to expand...
🤔

This one raises my eyebrows too. I didn't know this part. What's really going on here with these results, anyone explained this yet?
 
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Soodanim said:
I havent understood a single word in this thread that wasn't "Gamestop"
Click to expand...

WallStreet / Stockmarket / Traders Made "bets" know in the industry as "Shorts" that Gamestop would fail. The pandemic boosted Gamestops fortunes. And investors lost their bets aka shorts. Quite literally in this case.
 
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e&e said:
🤔

This one raises my eyebrows too. I didn't know this part. What's really going on here with these results, anyone explained this yet?
Click to expand...
If every single PS5 manufactured has been sold, and the disc console is outselling the digital one, it logically suggests that they produced more disc consoles than digital consoles.

As for why, one possible answer is that since Sony knew every single console would be sold it makes sense to produce a larger number of the ones that cost $100 more.
 
e&e said:
🤔

This one raises my eyebrows too. I didn't know this part. What's really going on here with these results, anyone explained this yet?
Click to expand...


I read disk was outselling digital 9:1 or thereabouts on the PS5 early on.

So Lemon company bet on a digital generation and were wrong there, and to top it off GME is posting 250% gains in digital sales anyways. People noticed this and dove in.

Todays 69(nice) percent peak was not it ladies and gentlemen, short squeezes can last weeks. A dip is an opportunity. Hold the door and I would not sell a penny below triple digits, but I may be retarded.
 
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Soodanim said:
I havent understood a single word in this thread that wasn't "Gamestop"
Click to expand...
you can start with the movie "the big short" to get a understanding of betting against a market and also betting against the bettors, it's quite a game known as derivatives... holy fucking shit it'll blow your mind...

it will then be easier to understand short selling related tactics that we are seeing with Gamestop. the bettors against the bettors are winning today.
 
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LordOfChaos said:
I read disk was outselling digital 9:1 or thereabouts on the PS5 early on.

So Lemon company bet on a digital generation and were wrong there, and to top it off GME is posting 250% gains in digital sales anyways. People noticed this and dove in.

Todays 69(nice) percent peak was not it ladies and gentlemen, short squeezes can last weeks. A dip is an opportunity.
Click to expand...

Yup that's the thing, lemon research evaluated less than GameStop's own digital revenue, without anything else.. On top of that, there's a big change coming to GameStop where you can build a PC there in the store, etc. Reggie Fils Aime and Ryan Cohen are there too now, this is not a sinking ship.
 
Jfc. If you think you missed it, I think you didn't.

e45r3grncxc61.jpg
 
I like what I'm seeing with BB right now. 1 call and 60 shares in. I guess it's a start, first time I invest this week.

As for GME, if it closes the day at near 60, it's really good, as it seems most of the shorts volume expiring today were at 35$. Monday it'll go up up up ⬆️
 
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Buggy Loop said:
To the moon before closing !
Click to expand...


Every day it closes higher more shorts are going to get exploded

Let me reiterate:
1) we saw this coming
2) This is not the end, you didn't miss out, short interest is still high and they're running out of shares to sell short

kvb3iiyiawc61.png



Diamond hands...You don't want to get out at 40% and miss out on 1600%. Been there, done that with Tesla, kept trading it around 320, until one day it rocketed past me...That was pre-split. Yeah, ouch.

Not selling anything here yet.
 
LordOfChaos said:
Every day it closes higher more shorts are going to get exploded

Let me reiterate:
1) we saw this coming
2) This is not the end, you didn't miss out, short interest is still high and they're running out of shares to sell short

kvb3iiyiawc61.png



Diamond hands...You don't want to get out at 40% and miss out on 1600%. Been there, done that with Tesla, kept trading it around 320, until one day it rocketed past me...That was pre-split. Yeah, ouch.

Not selling anything here yet.
Click to expand...

I'm not sure what I am seeing with that chart and what you interpret out of it.

ELI5 haha, this is my first few days of trading. I looked a bit here and there before for options understanding, but that chart lost me.
 
Buggy Loop said:
I'm not sure what I am seeing with that chart and what you interpret out of it.

ELI5 haha, this is my first few days of trading. I looked a bit here and there before for options understanding, but that chart lost me.
Click to expand...

They're running out of shares to sell short, after that happens the shorts may get margin called, being forced by their broker to fill their positions no matter what the price. Which is what starts the desired short squeeze from our end.

Price goes up - shorts have to cover to end their position - price goes up - more shorts have to cover, this went EXACTLY how we wanted.

This is exactly what was planned and predicted, and the short interest has barely budged, so this was just the tip.
 
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LordOfChaos said:
They're running out of shares to sell short, after that happens the shorts may get margin called, being forced by their broker to fill their positions no matter what the price. Which is what starts the desired short squeeze from our end.

Price goes up - shorts have to cover to end their position - price goes up - more shorts have to cover, this went EXACTLY how we wanted.

This is exactly what was planned and predicted, and the short interest has barely budged, so this was just the tip.
Click to expand...

I mean i know roughly the idea behind it, but your chart, how do I get information like that out of it?

Red line, blue bars and the data at the bottom. What am I seeing here?
 
Buggy Loop said:
I mean i know roughly the idea behind it, but your chart, how do I get information like that out of it?

Red line, blue bars and the data at the bottom. What am I seeing here?
Click to expand...

I'm just looking at the bottom half - short shares left. This predicted the squeeze today, presumably some shorts were called in and had to cover their positions.

These shorts were "borrowed" from the broker, you pay a little fee to hold it for a while, once they run out of shares to sell they may call on what you hold to return, covering your position. Hence the explosion upwards no matter the price, the supply is low and demand rocketing and you have to fill your position as a short on margin.
 
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Good Lord. I had heard something about this last week and didn't think much of it. Saw earlier this week it was way up and thought about getting some skin in the game, but didn't yet. Then saw this thread and figured, oh yeah, maybe I'll pick up some shares if it's still in the 30s. Fucking $65? Holy fuck balls.

But based on LordOfChaos LordOfChaos 's prognostication it sounds like there is still a ton of upside. Hmm. Feels too late to get in now though. Harder to feel super confident here than in the 20s or 30s.
 
prag16 said:
Good Lord. I had heard something about this last week and didn't think much of it. Saw earlier this week it was way up and thought about getting some skin in the game, but didn't yet. Then saw this thread and figured, oh yeah, maybe I'll pick up some shares if it's still in the 30s. Fucking $65? Holy fuck balls.

But based on LordOfChaos LordOfChaos 's prognostication it sounds like there is still a ton of upside. Hmm. Feels too late to get in now though. Harder to feel super confident here than in the 20s or 30s.
Click to expand...

I reserve the right to be retarded and wrong, and it's everyone's own money to spend.

But I'm looking at short pressure and it's barely budged...If it does cycle back down to the 30s, to me that's an opportunity.
 
Look at this gain porn on GME

u/Deepfuckingvalue is going to fucking Saturn, unreal gains. His calls costed him 0.40*1000*100 = 40k, today he made 2.225M $







Making 100k between 9:30 to 16:00, rather than have the money sitting in a bank at 0.5% interest rates.

Yes it's a risk, but holy shit. My next life goal is to learn and understand all this, it's seriously interesting as fuck.
 
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Oh and DeepFuckingValue guy? He closed the day at 11M$, when it swung to 76$, he did not sell, because he knows it can go even higher.

Fucking balls of steel, the god of diamond hands 💎✋💎

He went from 53k 17 months ago to 11M and not done with the game

1 year ago peoples were telling him RIP

What a fucking legend.
 
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Buggy Loop said:
Oh and DeepFuckingValue guy? He closed the day at 11M$, when it swung to 76$, he did not sell, because he knows it can go even higher.

Fucking balls of steel, the god of diamond hands 💎✋💎

He went from 53k 17 months ago to 11M and not done with the game

1 year ago peoples were telling him RIP

What a fucking legend.
Click to expand...


He called it a year early and even let us idiots in on the train. Fucking legend. This is like Michael Burry level shit from a reddit handle.
 
mckmas8808 said:
Why is he staying in for so long? What does he know?
Click to expand...

His thesis is like LordOfChaos explained, he thinks it'll squeeze much higher. There's talk of an easy 100$ by perhaps next friday, could squeeze to 1000$ momentarily later.

Look up the 2008 Volkswagen short squeeze.
 
Buggy Loop said:
Look at this gain porn on GME

u/Deepfuckingvalue is going to fucking Saturn, unreal gains. His calls costed him 0.40*1000*100 = 40k, today he made 2.225M $







Making 100k between 9:30 to 16:00, rather than have the money sitting in a bank at 0.5% interest rates.

Yes it's a risk, but holy shit. My next life goal is to learn and understand all this, it's seriously interesting as fuck.
Click to expand...


Considering you don´t understand any of this makes me think you don´t understand either that for every u/Deepfuckingvalue there are millions of schmucks who lose everything.
For your own sake please do not gamble money you can´t afford to lose. This is not investing, its gambling.
 
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mckmas8808 said:
Why is he staying in for so long? What does he know?
Click to expand...

Part of me like, this legend can walk away with 11 million dollars right now and never have to work again, just take it. But he also had the confidence to hold for an entire year of people telling him he was wrong and won big on a contrarian bet, and he still thinks there's upside.

It still looks like the short interest has barely budged, and just a sliver of it imploding was what caused today.

I made a few thousands today off it, I'm also not selling a penny yet. A few thousand dollars won't change my life, but some of the price targets for an infinite squeeze flying around might...Easy come easy go if I lose, and it's not like Gamestop has zero value either way, Lemon's price target of 20 dollars is bullshit just on their digital business alone
 
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Dr_Salt said:
Considering you don´t understand any of this makes me think you don´t understand either that for every u/Deepfuckingvalue there are millions of schmucks who lose everything.
For your own sake please do not gamble money you can´t afford to lose. This is not investing, its gambling.
Click to expand...

I prefer gambling a reasonable amount and build a portfolio than investing like a boomer with yearly 3% gains, and even they can lose everything in their account.

I dipped my toes with 1k this week. I'm learning something interesting that always fascinated me, I want to know more. I'm not about to YOLO my house and my life savings
 
Buggy Loop said:
I prefer gambling a reasonable amount and build a portfolio than investing like a boomer with yearly 3% gains, and even they can lose everything in their account.

I dipped my toes with 1k this week. I'm learning something interesting that always fascinated me, I want to know more. I'm not about to YOLO my house and my life savings
Click to expand...

I have a yolo fund and a reasonable broad market investment fund. The yolo fund is already earmarked to lose, but I also look at the whole working till 65 thing as a risk in the other direction, if it works, hey awesome, if not, what I was counting on was already the reasonable fund to retire on.
 
Buggy Loop said:
I prefer gambling a reasonable amount and build a portfolio than investing like a boomer with yearly 3% gains, and even they can lose everything in their account.

I dipped my toes with 1k this week. I'm learning something interesting that always fascinated me, I want to know more. I'm not about to YOLO my house and my life savings
Click to expand...
If you get 3% anual returns your portfolio sucks anyways. I guess it also depends on the size of your portfolio. 25% returns on a couple thousands is not the same as couple mil.
I guess it is alright if you don't go full retard like alot of people in WSB.
 
GME: + 51.08%
PLTR: +25.08%
BB: +9.26% (+6.70% after-hours)

There's something to the Wallstreetbets phenomena that can make people rich but I really can't tell their winners from losers. There's obviously some wizard-level due diligence among the loss porn, memes and troll posts that's worth looking into.
 
Dr_Salt said:
If you get 3% anual returns your portfolio sucks anyways. I guess it also depends on the size of your portfolio. 25% returns on a couple thousands is not the same as couple mil.
I guess it is alright if you don't go full retard like alot of people in WSB.
Click to expand...

Well, mostly what I saw from bank brokers, 8% average, then they take their cut, you'll be left with 3~4%.

Of course, managing your own portfolio is the best, but like i said, before I start handling my savings, I need to learn this a lot more, I think it's very important.

Like LordOfChaos says, a YOLO account with some money funneled there that you do not depend on is probably for the best.


Atrus said:
GME: + 51.08%
PLTR: +25.08%
BB: +9.26% (+6.70% after-hours)

There's something to the Wallstreetbets phenomena that can make people rich but I really can't tell their winners from losers. There's obviously some wizard-level due diligence among the loss porn, memes and troll posts that's worth looking into.
Click to expand...

And this is what is interesting. We are witnessing a group mentality yolo'ing together as a group and have more moving power than an hedge fund. It's border retarded if you were alone, but WSB is now so big that they bulldoze ahead. The most meme'd stocks rise up. They still typically have a good strategy behind the original push.
 
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