Many thought that the end was on Friday, but it seems that this shit will go on forever.
Wtf is a short squeeze and when should I sell
🚀🚀🚀🚀
They've definitely noticed, and the reactionaries are out in force to capitalize.
I heard WSB is investing in Russian gas stocks now from an anonymous source
Media isn’t even citing ANY source lmao
WSJ just got burned by misquoting u/PM_me_your_asshole or some shit like that. They can't keep up with the standards of modern journalism
I was wondering that they didn't try any short ladder attacks on friday. Maybe the ones on wednesday and thursday didn't help enough so they try a slightly different approach this time. What's kind of sus is, etoro put in automatic SLs the owners couldn't take out and all their stocks were sold after the attack.
That they are trying it again should tell us, that it's not over yet. They fight with everthing they have. We need to do the same by not doing anything.
Check out actual trading volume,
how do we check this at home?
TDA's think or swim trading platform shows it. Monday of last week there was $40 million in volume for the 10 o clock hour. Today, that same hour had a little shy of 4 million.
Basically, there are puts set to expire every friday at insane losses and insane volume, each essentially triggering its own short squeeze which will make the next one that much larger. I'm not the most learned person on this matter, and this is speculation, but this looks like some serious shit we're gonna see this whole February.
EDIT: Also, the reason this did not happen this past Friday could be reasonably traced to Robinhood forcing a direct selling from retail traders to the hedgefunds only, so as to cover their shorts for last Friday in time. However, if they are to avoid a short squeeze, they would need to repeat this or do something similar every Thursday, which will be interesting to see I guess.
Without an understanding of theory and its application :capitalist-laugh: will always win
I legitimately wonder how many people will end up offing themselves over this nonsense.
I've seen so many posts from people dumping their life savings or even more worryingly, taking out loans to buy Gamestop stonks I fear this will end up very badly for a lot of folks.
Every time it dips under $300 this morning people are buying it and making the price go up again.
Big 'ol reminder that if you used money you can't afford to lose
now would be a good time to sell.Otherwise let's see where this goes today. Apparently a bunch of jackasses bought billboard space for GME shitposting across the country.
EDIT: And now the price is sinking. I'm still holding. Let's see if it dips as low as it did Thursday.
hey mods, given that we've got the top non-sticky post in the comm advocating for putting money you can't afford to lose into stonks, can we get those intervention resources I put in the first megathread here in the sidebar?
post history isn't working or I'd re-post them againunsurprisingly, qutebrowser for the Lsidebar resources
https://www.investopedia.com/articles/investing/071713/downward-spiral-trading-addiction.asp
https://www.ncpgambling.org/programs-resources/resources/
https://www.smartrecovery.org/gambling-addiction/
https://www.thebalance.com/hidden-dangers-that-new-day-traders-face-4056601
http://www.gamblersanonymous.org/ga/hotlineswith that last one, if included at all a note should be made not to drink the 12-step koolaid. but a lot of my addict buddies have said that in this puritanical hellstate the best shot at getting peer support in addiction recovery is a 12-step hotline
Surely something the Krassenstein’s are pumping is infallible tho
I stopped reading that post the second I read "guaranteed not to lose money".
Though the stock is dropping quite a bit, there isn't much of a corresponding trade volume.
edit: and it's not exactly clear how much of the float is shorted right now, it seems to be 53-58% with a lot of covering going on, but the volume is again not reflecting that. Even S3 Partners is being fairly vocal about how the situation is definitely not transparently communicated to the rest of Wall Street and retail investors alike.
Volume increases as everyone starts buying the dip. Then the price rebounds a bit. I think it's still on but who knows when the price will actually launch.
The retail restrictions are buying time. The whales are holding enough and buying more so it offsets whatever smaller holders leave. The ladder attacks keep happening and trying to get the price low. But then people double down and buy more on dips. Then the price rebounds. As soon as the US market closes, the price goes back up. Repeat the next day. What is the out here? Is it just to cover shorts with more shorts because you know the ladder attacks will drop the price? Then once enough is covered, you hope enough memers have lost interest and pulled out so that the squeeze won't happen? Stall until March and hope the earnings report will be bad enough to conduct a media campaign to drive off investors?
What is Melvin getting out of prolonging this?
Issue is the hedgefunds are also buying and purposefully selling at a loss. They are scaring away last week's buyers and choosing bull sessions to sell their stock to accomplices. Eventually day traders will lose enough buying high that they will stop causing the ogs to pull out at like 100.
I think it's going to be another anti-climatic day. I don't really see an immediate end to this holding pattern.
Yea I expect it to dip way back down once the hype dissipates and it becomes obvious the squeeze isn't happening right away and people stop inflating it by buying in
People can't buy in on the most popular trading apps. It will probably be pretty boring and disappointing from here on out.
Yea it's going to be boring until it suddenly isn't and the squeeze actually happens. Just got to make sure I'm constantly glued to my monitor 24/7 from now on so I don't miss it. I can't imagine it's more feasible for the shorts to keep eating fees while they wait for the price to drop so at some point the math has to kick in and they go for it
holy shit it's dipping hard
also mods pls pin the thread in /c/finance
