Correct me if I am wrong but Citron is basically hedging their bets that the price of gamestop will fall dramatically and go bankrupt. They short-sold, so they will by Gamestop shares at whatever price it is at in the future (they want them to fail). WSB, realizing this, is artifically pumping up gamestop to the point where Citron will have to buy a crap ton of super expensive shares making the reddit people very rich in the process. So it's a battle of who is more influential at manipulating the market. Tons of people are very pissed off about it and it's really funny
https://www.bloomberg.com/news/articles/2021-01-22/gamestop-tug-of-war-gives-reddit-army-a-win-on-record-volatility
When you sell a stock short, and it goes to $0, you make a profit of 100%. When you sell a stock short but it goes higher, your losses are potentially infinite

  • Poop [none/use name]
    ·
    4 years ago

    What do you think is next? People are memeing about AMC and BB but is that a similar situation or nah?

    • Marxmarksthespot [none/use name]
      ·
      4 years ago

      I'm already in on Bb. The dd (due diligence) makes sense to me and its getting momentum. It's the next meme once gme flames out.

      AMC I don't know that's been pumped a few times.

      Also I hate the markets. But my whole life I've had to work with in and maneuver through systems that where designed to hold me down, like many of us. So right now I'm just playing with in that system. I'd be fine if this whole gme thing got so big it tanked the whole market.

      Just a quick edit. Bb won't be as big as gme. But it sill most likely double.

      • Poop [none/use name]
        ·
        4 years ago

        I want to see gamestop take over the world, have video game lobbyists in congress, I want to see healthcare given via power plus rewards membership. Its such good shit lmao

      • StoneAze [none/use name]
        ·
        4 years ago

        Where can I get the latest info on which stocks to meme and make a bit of money? I don't have too much money, but I can throw around like 500 dollars here and there once in awhile, just to play with the system a bit lmao

        • Marxmarksthespot [none/use name]
          ·
          4 years ago

          Wall steerts bet. It's really just about watching what starts to get mentioned the most. Like Bb (black Berry) is next it seems.

          • StoneAze [none/use name]
            ·
            4 years ago

            I'll try lurking there once in awhile then, might throw some money in BB then too just for the hell of it. Is GME still worth it to put some money on, or is it too late and the ship has sailed?

            • chris [he/him]
              ·
              4 years ago

              They're saying the real squeeze is going to be sometime on Monday, if you feel comfortable buying at ~70 a share you could probably snag some on opening if you wanted to and still get a pretty nice gain. Take it with a grain of salt and all, but a lot of people on WSB really think it’s going to hit 1k. Just make sure you’re watching it and set a decently high limit sell, and as always don’t spend anything you can’t afford to lose.

            • Marxmarksthespot [none/use name]
              ·
              4 years ago

              Imo yes. Gme has yet to see the shorts have to cover yet, the aqueeze on there side has joist started a bit. There also is not many avaliable stocks left to short. The volume of stocks being traded is getting very high. Those all indicate more up ward movement.

              It could all come crashing down pretty fast to. If it plays out it will be a historic market event

    • CommieElon [he/him]
      ·
      4 years ago

      Pltr seems more like sure bet but they’re shady as shit because they contracts with the intelligence community.