Some smart person explain the GME (gamestop) thing

[BmillsSkier]

witherspoon=baristaforhire

[Cono Este]

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.


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[RShea]

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.


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It was not greed, it was always about the principle of the stock short and bleeding the hedge fund companies....

[gravitylover]

I have so many questions

-What drives someone to write a review?
-Would you want a top rated escort if she was also the most-reviewed?
-Can you sort by 1-star? If so, can someone go there and paste a bunch of 1-Star reviews so we can see them?

I LOL'd

[stuckathuntermtn]

Stuck, have you considered selling plasma, or perhaps a kidney and turning it into a bit of a nest egg?

LOL!
No joke, I tried one time years ago. Went with a friend, we were gonna split the referral bonus. After a long af screening they refused me. I can't even sell my plasma!
Turns out, they won't do anyone with an inflammatory condition because lawyers. Would have been nice if that came up sooner than an hour in.

[dan_pdx]

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.


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Yeah, but didn't he get in at well under $20? He's still sitting pretty...though personally I would have paper-handed more of those holdings last week. He probably caved a bit to the "hold GME!" pressure - hard to sell when everyone's calling you a god.

[kathleenturneroverdrive]

I think he took $13 million already + has millions more available at the current price. So he'll be OK I guess. If I was him though I'd have sold the shit out of the stock about half an hour after Elon's tweet.

Also, of all the potentials for this week, stuck around $90/share for days on end wasn't something I expected. I'm kinda surprised it hasn't cratered to $20 yet.

[TahoeJ]

Yeah he took some during the first spike I believe and said he’d be good on that and was going to let the rest ride. I think so anyway.

I actually bought some AMC when it dipped below $7 just because I think it’s a good value there as a longer play. With a much raised stock profile awareness moving forward. When the pandemic mellows out people will really want to go to the movies again and many studios are holding back and waiting on big ticket films like the latest Bond movie (delayed again).

[LeeLau]

I think he took $13 million already + has millions more available at the current price. So he'll be OK I guess. If I was him though I'd have sold the shit out of the stock about half an hour after Elon's tweet.

Also, of all the potentials for this week, stuck around $90/share for days on end wasn't something I expected. I'm kinda surprised it hasn't cratered to $20 yet.

Elons tweet sent it only to 150. DFV unloaded some options at 300s. I took the creation of this thread as a sign to begin unloading. That was from 300s to 400s and then down to high 2s

[dan_pdx]

I took the creation of this thread as a sign to begin unloading.

Ha! Delighted to be your canary / shoeshine boy

[kathleenturneroverdrive]

Elons tweet sent it only to 150. DFV unloaded some options at 300s. I took the creation of this thread as a sign to begin unloading. That was from 300s to 400s and then down to high 2s

Oh I thought I remembered his tweet bumping it over 200 for the first time. Either way it’s less about price and more about “holy shit Elon bumped the price this isn’t gonna get crazier than that I’m out” but maybe that’s just me

[Ted Striker]

So this young guy who started this whole thing left 2/3rds on the table.

Greed got him good.

He just liked the stock

[Mazderati]

We like the stock.

[pureantigravity]

Bit of a #feel #good news piece around the AMC stock situation.

BC couple uses AMC frenzy stock gains to give back to local school library


Nice to be in a position to pay it forward with the good luck.

[Skidog]

FUCK THE SEC, and SUPER FUCK YELLEN and her crony gangs...What was it $810K from Citadel??? Interesting Janet...very interesting..
https://www.bloomberg.com/news/artic...ve-up-gamestop

[TahoeJ]

The infusion of bots on reddit is definitely real / not a conspiracy theory. But, trying to prove who was responsible is going to be very difficult or next to impossible.

[Timberridge]

The infusion of bots on reddit is definitely real / not a conspiracy theory. But, trying to prove who was responsible is going to be very difficult or next to impossible.

They need the algorithm we have here at TGR.

[kathleenturneroverdrive]

The whole thing is insane. WSB crew is blaming bots for trying to coordinate a 1pm buy yesterday. GME holders have turned into a Q like cult. Mod drama. There are now at least 2 new WSB splinter subreddits. A funny place to follow stocks seems to be completely broken at this point. Hopefully it comes back together, but either way the movie(s) about this are writing themselves at this point.

[doebedoe]

Legal Eagle's video is a good summary for those just wandering into this mess:

[BmillsSkier]

The whole thing is insane. WSB crew is blaming bots for trying to coordinate a 1pm buy yesterday. GME holders have turned into a Q like cult. Mod drama. There are now at least 2 new WSB splinter subreddits. A funny place to follow stocks seems to be completely broken at this point. Hopefully it comes back together, but either way the movie(s) about this are writing themselves at this point.

Well, we tried to write the movie but some jackass stole the script from us.

[Cono Este]

Yeah he took some during the first spike I believe and said he’d be good on that and was going to let the rest ride. I think so anyway.

I actually bought some AMC when it dipped below $7 just because I think it’s a good value there as a longer play. With a much raised stock profile awareness moving forward. When the pandemic mellows out people will really want to go to the movies again and many studios are holding back and waiting on big ticket films like the latest Bond movie (delayed again).

Yeah but, that’s what I don’t get. If it was a short squeeze play, then it has already happened, and it is probably over now. Anyone with capital issues was “bought in” already. And anyone still alive after a mark at 500 isn’t ever going to be.

I admire him for not selling it on the way up, but 500 bucks? Come on.


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[tetzen]

r/wallstreetbets is becoming a victim of its own success (or YOLO failure). It was amusing and crassly offensive in its own way for a few years. The few times I stumbled into it, I never could take it seriously and that was kinda the point. Ultimately it is going to end up like those larger subreddits r/funny and r/pics that are just reposted facebook meme factories, except WSB will just be reposted and disguised hedgefund memes.

[Flounder]

Well, we tried to write the movie but some jackass stole the script from us.

No one in Hollywood wants an unknown writer. They do love reboots. Perhaps you should have pitched it as Trading Places Too. Couple of hedge fund managers for Randolph and Mortimer. Louis reconnects with his old college roommate Billy Ray who dropped out first semester, lives in his moms basement, and day trades on Reddit. Pick an Instagram influencer for Jamie Lee Curtis’ role. Hilarity ensues, you cash royalty checks.

[Benny Profane]

https://thereformedbroker.com/2021/0...-in-real-life/

[CovertM]

https://thereformedbroker.com/2021/0...-in-real-life/

Great perspective and better long term advice. Thanks for sharing.


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