[premier3is]

Originally Posted by Turkish Pickle

No this is exactly why we don't need government regulation on this

Why should some fuckface in new york be allowed to make money by effectively silencing individuals?

Exactly. When the small investors makes money, SEC gota jump in to try to stop it but when Wall Street does it, it's ok?

[XKxRome0ox]

Originally Posted by premier3is

exactly. When the small investors makes money, sec gota jump in to try to stop it but when wall street does it, it's ok?

defund the sec!

[smyles]

Devils advocate: problem is this may happen to a 'good' company, resulting in whatever negative consequences to what could otherwise still be a sustainable business. Also torpedoes lending, margins, etc.

[vreihen16]

Originally Posted by NorCalAthlete

The longer we hold the higher it'll spike. If we hit $500 today, I'm predicting $1,000 by end of day Friday. We'll probably have a selloff at that point and bring it back down next week, but there's no possible way the big boys can close all their positions so as long as people keep holding next week it will spike again.

Looking at today's chart, my gut says that the party is over with GME bouncing around $335. Hope I'm wrong.....

[Cyberdemon]

Originally Posted by vreihen16

Looking at today's chart, my gut says that the party is over with GME bouncing around $335. Hope I'm wrong.....

So far someone has said this every day and every day that person has been wrong (like the guy clamoring it was over at $150). Elon Musk tweeting last night pushed GME crazy after market.

The number of outstanding short shares is still out there, and as long as people are still trying to cover those short positions it will go up.

I would expect Friday to be a complete meltdown but either and joy the run up til then or sit back and watch the fireworks.

[bimmer pleaser V2]

Originally Posted by smyles

Given the "mob" is mostly retail traders who are dependent on brokers, just "tweak" their access, complicate order process, delay order executions, have sudden "technical difficulties", introduce "circuit breakers" that work at your will, ban for whatever reason - "you're private company and can do whatever!", etc.

Melvin just swallowed a huge loss and gave up, so I don't think any of these can stop the retail traders. They can slow them down but not stop them.

[NorCalAthlete]

Originally Posted by vreihen16

Looking at today's chart, my gut says that the party is over with GME bouncing around $335. Hope I'm wrong.....

Originally Posted by Cyberdemon

So far someone has said this every day and every day that person has been wrong (like the guy clamoring it was over at $150). Elon Musk tweeting last night pushed GME crazy after market.

The number of outstanding short shares is still out there, and as long as people are still trying to cover those short positions it will go up.

I would expect Friday to be a complete meltdown but either and joy the run up til then or sit back and watch the fireworks.

https://www.ortex.com/stocks/26195/shorts

[bimmer pleaser V2]

Originally Posted by XKxRome0ox

you can't possibly organize enough individuals to create a big enough mob and bankroll to beat the big money institutions on every short sell

in the case of GME, all the stars aligned to make this happen
and the people are rallying

what are these stars you are talking about? and why can't they get aligned again? they don't have to target every short sell at once.

[vreihen16]

My gut is telling me that $340 is a hard ceiling this afternoon.....

[NorCalAthlete]

Originally Posted by vreihen16

My gut is telling me that $340 is a hard ceiling this afternoon.....

Mine's telling me we're gonna blow right by that in after hours.

Edit : $345 as of this comment and I think we'll clear $350, maybe even $370 in afterhours.

[BMW F22]

Anyone else took their profits and ran? Down almost $60 after hours.

[premier3is]

Originally Posted by BMW F22

Anyone else took their profits and ran? Down almost $60 after hours.

Nah.... U know how many puts expire this Friday out of the money? That'll be a day to watch let's see what happens.

[NorCalAthlete]

Originally Posted by NorCalAthlete

Mine's telling me we're gonna blow right by that in after hours.

Edit : $345 as of this comment and I think we'll clear $350, maybe even $370 in afterhours.

Well, didn't expect the dirty shenanigans today. They're on the ropes and pulling out all the stops. Tomorrow is going to be extremely interesting.

[vreihen16]

Me thinks that the GME music has stopped, and I don't have a chair to sit in.

I'm only in for one share @ $270 from my family's 4-generation stock market play account, which is money that I already consider lost from the day that I inherited the account.....

[thrak410]

Originally Posted by vreihen16

Me thinks that the GME music has stopped, and I don't have a chair to sit in.

I'm only in for one share @ $270 from my family's 4-generation stock market play account, which is money that I already consider lost from the day that I inherited the account.....

It can't stop until Friday when the contracts expire (unless they do something unthinkable). Thats the point... buy and hold and you could see a parabolic rise in price when they're all FORCED to cover at market value.

(and for me, my limit sell will be set to something like $1000/sh, I want a new BMW )

That stop loss raid after hours just angered everyone and is bringing more money IN to buy it up... going to get crazy!

[NorCalAthlete]

Originally Posted by thrak410

It can't stop until Friday when the contracts expire (unless they do something unthinkable). Thats the point... buy and hold and you could see a parabolic rise in price when they're all FORCED to cover at market value.

(and for me, my limit sell will be set to something like $1000/sh, I want a new BMW )

That stop loss raid after hours just angered everyone and is bringing more money IN to buy it up... going to get crazy!

Just to reiterate what I commented earlier - I set my limits at $1k, $2k, $5k, $10k. If any of them sell, great. If not, I'm ok with holding long term and believe in the bull case for $1,000 fair value a year or three from now.

[Jonzny]

Originally Posted by NorCalAthlete

Just to reiterate what I commented earlier - I set my limits at $1k, $2k, $5k, $10k. If any of them sell, great. If not, I'm ok with holding long term and believe in the bull case for $1,000 fair value a year or three from now.

[NorCalAthlete]

Originally Posted by Jonzny

Might as well swing for the fences right?

[Turkish Pickle]

Latest reports say 122% is short. Meaning there's 22% outstanding even if Melvin had all of GME by himself, basically.

Make whatever you want of that, but keep in mind supply and demand is a natural thing.

[XKxRome0ox]

Originally Posted by NorCalAthlete

Well, didn't expect the dirty shenanigans today. They're on the ropes and pulling out all the stops. Tomorrow is going to be extremely interesting.

Even with all the dirty tricks the share price is double where it closed the previous day

We are just getting ready for takeoff when the shorts have to actually cover

[XKxRome0ox]

Originally Posted by NorCalAthlete

Just to reiterate what I commented earlier - I set my limits at $1k, $2k, $5k, $10k. If any of them sell, great. If not, I'm ok with holding long term and believe in the bull case for $1,000 fair value a year or three from now.

My man
I like your conviction

I am waiting for the rest of my deposit to clear
Hopefully I can add some more shares



The real fireworks should happen next week
I'm only holding a few dozen shares so I'm strapping myself to the rocket and going for it

[thrak410]

Gme almost hit $500 this morning... 9:30 is going to be insane. Buckle up!