Oh heck no, it's not going to $15 anytime soon and the squeeze is not dead, you are just witnessing a bunch off off hours manipulation over the weekend. The calls have not come in yet for most of it. People are still figuring out where they can even buy it. People are going to jail over this hopefully
Lol, ok. It’s down over 25% today since it opened. Keep reading your Reddit posts though. Look, a lot of people made a lot of $$ and they squeezed hedge funds for billions, but just as many will make $$ on the way back down and an equal number will lose it all as well. It isn’t gonna stay propped up forever regardless of what your Reddit ringleaders say. Just be smart.
Look how much of the stock is still shorted. The longer is outperforms the puts the squeeze will continue. Nothing has changed - there are dips in this there has been the last 4 weeks.
There are a lot of new shorts in the stock just in the past 2 weeks...the company has a value that should be trading between $10-15/share and it’s trading for 20x that. There are a lot of people shorting the stock that are going to make a huge amount of $$ in the next few weeks.
You are wrong about the $15 in two weeks too much has been put into it and not all of it is going to be pulled out.
Why not short the stock now if so certain it'll drop? Wouldn't that coincidentally be a way to tell if the hedge funds have unwound their short positions? (again I heard somewhere that short positions max out at 200% of shares).
Ok, it might take a few months to hit $15. We can agree on that, but the reality is these diamond hands guys are going to have to make a decision. As soon as they start to lose trust in each other holding it’s done (this is already happening of you go read their board). You can only blame someone else for so long before looking in the mirror. If these people basically single handedly drove the price up, then the fact that the price is dropping means at least some of them are selling (regardless of what they’re telling you on a message board). Just use some common sense....the stock isn’t down because shorts are manipulating it, it’s down because some of the WSB guys are taking profits and running.
We agree on this. What I don’t agree on this that it’s going back to where it was. The company is worth saving, despite what the scumbag hedge fund guys thought. I also believe that all of these places that have limited buys of it without limiting selling are thieves. This has nothing to do with Reddit.
Premature, albeit a moment. However, it's not solely due to Redditor trader's searching for a quick eph yew to Citron, Sykes, Feuerstein, et al.
News outlets are lying about the short positions on GME and AMC.
I’m not shorting it because I just haven’t gotten into options trading. It’s too much like gambling to me, especially if you’re shorting stocks. If I ever was going to jump in, this would be the one, but honestly I’ve made so much $$ buying and holding stocks I don’t feel the need to get involved with GME. I’m glad these guys squeezed the hedge funds (they had it coming). Just would like to see some of these Reddit guys come out on top rather than losing it all. It will clearly be a mixed bag. Those that bought it under $20 are in great shape, but if you bought it recently for over $350 then you’re set up to lose most of your $$. I know these guys on WSB still think they’re taking this stock to $10,000/share but I’m telling you there’s zero chance of that happening. The ONLY chance would be if someone like Elon Musk wanted to throw a few billion $$’s at it just to piss off Wall St. even in that scenario it isn’t going to $10,000. If you go read that board there are some people on there who know what they’re talking about (maybe 10%). The other 90% don’t have a clue what they’re doing. They just think of it went from $12 to $400 them surely it can go to $10,000.
Typically, I'm similarly iffy at most with biotech and pfennig stocks. Late Mar/early Apr, I added LH, DNR, TMO and MTD, and took flyers with TDOC, RLFTF (blah) and CYDY. I'm still unsure what to think of the latter 2, remain underimpressed by CYDY's CEO, yet haven't sold RLFTF nor CYDY despite repeated attacks by Citron, Sykes, Feuerstein and shystery law firms.
Alternatively, some news outlets may be a wee bit more disingenuous regarding companies which butter their bread.
A lot of things are up 20% today. FLGT up over 30% again! That thing has doubled in 4 days!
same with cards
@UConnSwag11 Translation, thanks.
hit 173, yet a few hours to go lower (or not)
It's on completely non-existent volume and I'm sure a much higher percentage of that volume is institutional, given the time. My guess is we see another spike up at open. This trend seems to be repeating itself.
Correct, they have to purchase shares by Friday, maybe even sooner, nobody is going to do it now, it guarantees the loss. Just look at the volume like you said.
All of Friday's ITM calls (and there were a ton) resolve tomorrow. Should be an interesting day.
