Current Events > Stock Market General #12

(+) Yeah! (+)

Lebronwon posted...

Isn't GME stock being down gonna cause people from the movement to have second thoughts and cash out?

Could ruin their movement if price doesn't go up in the open tomorrow.

That is exactly what the short sellers want to happen.

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wish doge would climb consistently lol

gme is a bust

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Me before this: time to make some money cant wait to join my brothers in the fight, HOLD THE LINE

Me after: you know theirs more to life than money and I'm happy and thankful for other things like my health and a roof over my head.

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Here's a little something to keep in mind regarding AMC:

https://www.cnbc.com/video/2021/02/01/why-this-analyst-is-downgrading-amc-to-sell.html

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I bought in at like $340 because rhood sign up was FUCKED so Ive just accepted that im at best breaking even on gme

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if they are refreshing their shorts, wouldn't that just make the squeeze even harder?

shockthemonkey posted...

Ill be honest, I assume anyone saying this is lying and trying to keep prices up

Everyone saying to buy or hold on AMC, BB, GME etc. are doing just that, that's correct.

GME is over with the RH restrictions in place. I've been waiting for AMC to hit $20 but it just can't quite get there. There's no reason to believe it will. Some believe when things get more back to normal the stock will rise. That won't be until after the summer at the earliest, and I have my doubts on that.

Unfortunately, the meme stock rise appears to be over. If you didn't get in early, you missed out. If you're questioning whether you should get out or not now, the answer is you should get out. You may still be able to come out ahead, but not for much longer.

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Also, when people transfer from Robinhood, doesn't that freeze their account till the transfer is complete meaning they cannot trade today?

And if they just opened a new account, they might not have the money transferred in yet.

Is there a way to hide WSB from the main page of reddit? The front page flooded with "Diamond hands r****** huh huh" is getting kind of old to look at.

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Bag Holder General?

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GoriIIa posted...

This is the part I'm not really understanding - what other things are they doing to cover their shorts? I get that they can refresh their shorts at $300+ and make some of their losses back but how are they covering their shorts without paying for the stock? And how will they buy the stock if everyone is holding?

I don't think this stock will hit $1000 either. I can buy that the stock hit $470 last week and that's when they covered some of their shorts (hence the short float % going down) but it's still pretty high, no?

They cover the shorts by buying back the stock at $100 and use the money they made from shorting it at $300 to do it.

Example 5000 positions at $2 "What needs to be covered"

Short 1000 @ $300. 6000 positions need to be covered. Buy puts & other shit. Then drive the price down to $100. Use the $300,000 from shorting to buy 2000 shares with $100,000 in leftover money. Cover 2000 positions. Now you only have to cover 4000 positions. Repeat again daily / weekly / as often as you can using the leftover $100,000 to fuel options and ladder attacks.

Add a bunch of zeroes to the end of everything IDK they have a lot of money. They will ultimately win, and even if you drive the price higher they will still ultimately win and the people who get fucked are the retail bag holders.

They've already lost $20 billion dollars I'd consider that a pretty significant win for the retailers but driving a $10,000 squeeze is just not going to happen. You're not going to "get rich" from this unless you believed in it before it exploded the way it did.

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well, we will see what happens

remember on Jan 28 GME opened over $400 and closed at $197

People probably thought it was done then,.

The next day it opeened at mid $300

People holding rn while most people do as you'd expect on a pump and dump:


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Everyone please baghold until I can cash out of my spreads

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Do diamond hands make holding a bag easier?

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the only thing that can cut diamond hands is diamond scissors

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YOLO!

haha

Today was probably the deciding day on whether you cut your losses or want to hold for the next week. Reddit is going to keep pumping you up to think everything is fine, just hold. The news is going to keep dumping you down to think everything is over, time to sell. It's only gonna stress you out.

If anyone else is still holding I say just stop monitoring everything except maybe this
https://isthesqueezesquoze.com/

Good luck and see you on the other side!

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Im still holding despite the fact Im down $610 on GME.

I was also reading the squeeze might happen on Wednesday on wsb.

kage_53 posted...

Im still holding despite the fact Im down $610 on GME.

i'm holding despite that I am $3k+ up, just that it used to be a lot more, and I want to get there again before I start legging out.

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The thing 95% of the newcomers to WSB don't know is that the sub routinely gets wiped out because everyone piles into a stock that proceeds to dump. I remember last year everyone had PRPL calls as it ran up into earnings and then absolutely tanked after earnings. The sub got real quiet for a bit after that.

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so i will say that i like that doge may have found a new floor?

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https://stocknewshubb.com/2021/02/01/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-month/

Gonna be ugly on one side or the other.

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kage_53 posted...

I was also reading the squeeze might happen on Wednesday on wsb.

WSB has no idea when anything will move the way they want it to move hth

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I was bag holding EXPR. I got in at 6.35 before it hit over $13 and I didn't get out. Now it struggling to even stay over $5. Cut my losses this morning at 5.25 and put that into my long hold of SENS.

Feels bad I turned a $500 win into a $100 loss by holding it but it a learning experience to go in and out like an assassins with these stocks.

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My take on the whole short squeeze.

Capital gains losses can be written off. I don't really trade. I only put in small play money, which can be written off if it completely tanks.

I've been following this for a few months now and really things only got fucky when it hit mainstream. Otherwise the underlying DD was solid. And nothing has changed on that premise. Every day shorts lose millions and millions. Biggest HF involved already down 50%. It's a battle of attrition. Even with today's losses, they still lose. It costs nothing to hold. And I can write off if people lose steam and give up.

If retail or institutional longs give up and sell out now--it becomes a pump and dump with lots of bag holders.

If retail and institutional longs continue holding, a squeeze will still happen with HFs being the entirety of bag holders with everyone else having days of insane gains to cash out.

For what it's worth, it's interesting seeing information on WSB from like days prior only to percolate up to mainsteam, but the way it's reported is muddying the waters. It's the first real-time hand I've seen of true manipulation of narrative. Which makes me want to hold all the more.

Today's trades were extremely low volume. Look at the candle bar graphs, not the line graph and price. Most trades were even 100 of stock down to multiple decimal points of cents. This tells me shorts are artificially trading counterfeit shares to drive price down. No one holding actual shares is actually selling, except maybe small hyper bandwagoners who are just playing this like a pump and dump and spook easily.

Either this makes history or it doesn't, and the small entrance fee is worth the ride. And either a squeeze comes, or it doesn't, and by Feb 9th we'll know actual short interest numbers to see if the media lied about melvin covering their position (which seems unlikely they somehow picked up 50-75 million shares over the weekend somehow, lol).

Not financial advice, just my incoherent ramblings.

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BlameAnesthesia posted...

My take on the whole short squeeze.

Capital gains losses can be written off. I don't really trade. I only put in small play money, which can be written off if it completely tanks.

I've been following this for a few months now and really things only got fucky when it hit mainstream. Otherwise the underlying DD was solid. And nothing has changed on that premise. Every day shorts lose millions and millions. Biggest HF involved already down 50%. It's a battle of attrition. Even with today's losses, they still lose. It costs nothing to hold. And I can write off if people lose steam and give up.

If retail or institutional longs give up and sell out now--it becomes a pump and dump with lots of bag holders.

If retail and institutional longs continue holding, a squeeze will still happen with HFs being the entirety of bag holders with everyone else having days of insane gains to cash out.

For what it's worth, it's interesting seeing information on WSB from like days prior only to percolate up to mainsteam, but the way it's reported is muddying the waters. It's the first real-time hand I've seen of true manipulation of narrative. Which makes me want to hold all the more.

Today's trades were extremely low volume. Look at the candle bar graphs, not the line graph and price. Most trades were even 100 of stock down to multiple decimal points of cents. This tells me shorts are artificially trading counterfeit shares to drive price down. No one holding actual shares is actually selling, except maybe small hyper bandwagoners who are just playing this like a pump and dump and spook easily.

Either this makes history or it doesn't, and the small entrance fee is worth the ride. And either a squeeze comes, or it doesn't, and by Feb 9th we'll know actual short interest numbers to see if the media lied about melvin covering their position (which seems unlikely they somehow picked up 50-75 million shares over the weekend somehow, lol).

Not financial advice, just my incoherent ramblings.

Thanks, great analysis

Is there any reason to hold at this point?

Just been trending down all day.

ENZC up just over a nickel in one day

Thats about $3000 for me

Woooo stonks

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Esrac posted...

Is there any reason to hold at this point?

Just been trending down all day.

reason to hold is always you think it will go up. if you don't think it will, then sell.

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Esrac posted...

Is there any reason to hold at this point?

Just been trending down all day.

The idea is the hedge funds have not vacated and when they do it will skyrocket. Thus it is a game of chicken.

I am not a financial advisor and just regurgitating randos info from reddit.

diamond hands boys hold the line shouldnt be in at all if you cant stand the heat

BlameAnesthesia posted...

My take on the whole short squeeze.

Capital gains losses can be written off. I don't really trade. I only put in small play money, which can be written off if it completely tanks.

I've been following this for a few months now and really things only got fucky when it hit mainstream. Otherwise the underlying DD was solid. And nothing has changed on that premise. Every day shorts lose millions and millions. Biggest HF involved already down 50%. It's a battle of attrition. Even with today's losses, they still lose. It costs nothing to hold. And I can write off if people lose steam and give up.

If retail or institutional longs give up and sell out now--it becomes a pump and dump with lots of bag holders.

If retail and institutional longs continue holding, a squeeze will still happen with HFs being the entirety of bag holders with everyone else having days of insane gains to cash out.

For what it's worth, it's interesting seeing information on WSB from like days prior only to percolate up to mainsteam, but the way it's reported is muddying the waters. It's the first real-time hand I've seen of true manipulation of narrative. Which makes me want to hold all the more.

Today's trades were extremely low volume. Look at the candle bar graphs, not the line graph and price. Most trades were even 100 of stock down to multiple decimal points of cents. This tells me shorts are artificially trading counterfeit shares to drive price down. No one holding actual shares is actually selling, except maybe small hyper bandwagoners who are just playing this like a pump and dump and spook easily.

Either this makes history or it doesn't, and the small entrance fee is worth the ride. And either a squeeze comes, or it doesn't, and by Feb 9th we'll know actual short interest numbers to see if the media lied about melvin covering their position (which seems unlikely they somehow picked up 50-75 million shares over the weekend somehow, lol).

Not financial advice, just my incoherent ramblings.

@BlameAnesthesia What's with that Feb 9th date?

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Has anyone made Toto-Hold The Line the anthem of WSB yet?

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Still holding AMC cuz why the fuck not
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Esrac posted...

Is there any reason to hold at this point?

Just been trending down all day.

Look at it this way. Imagine 100 shares of a company exist. a hedge fund borrowed 140 shares they didn't actually own, and immediate sold them to drive price down. They hoped that they could buy back 140 at lower prices to pocket the difference in profit.

Instead people bought those 140, and hold them, which makes them scarce. This drives price up. The ones who sold the 140 initially are paying interest on that bet every single day. They already lost 6 billion on their bet and they're worth 12.5 billion, plus got a cash injection of 2.1 billion from another hedge fund.

When/if they give up, they will have to buy those 140 shares at any price. It's simple supply/demand.

Now the question is this. The weeks leading up to this has shown consistent short interest in excess of 100% (i.e. they're on the hook for borrowed shares that need to be bought back for more than the total amount of shares in existence).

Mainstream media lately has been reporting that they closed their position, but this implies they bought on the order of 50-75 million shares. If you look at the volume the week prior before brokers were limiting buying of stock, daily trades were a magnitude higher than they were this week with all the manipulation.

They aren't officially required to report the short interest until Feb 9th. Everything else is speculation. But at the same time, media was reporting that reddit was jumping on a bunch of other "pump and dump" stock, when any idiot with a brain could see none of the other options were in a similar position of being shorted in excess of 100%. And if you've been following the conversation on WSB, absolutely no genuine user was pushing silver, or whatever the media was saying today.

Whether it's worth it to hold? No one can answer for you. If this squeezes, it's a theoretically infinite cap. No one knows what that will mean. They've already blatantly manipulated the market and so so so desperately want people to sell. If they truly covered their position, they wouldn't necessarily want to advertise that. So why are they spending so much effort to tell you this?

Last week had a dip to 120 before stabilizing back to the 300s. No one has a crystal ball, but yes there is reason to hold if you believe the underlying short squeeze premise.

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Smashingpmkns posted...

Still holding AMC cuz why the fuck not

AMC is probably at valuation right now. Their 8-K was filed for convertible bonds @ 13.51 so they had a reason to believe they could get that high again. The reddit frenzy merely accelerated it.

$14-16 is where it's going to stay.

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GoriIIa posted...

@BlameAnesthesia What's with that Feb 9th date?

http://www.nasdaqtrader.com/trader.aspx?id=shortintpubsch


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BlameAnesthesia posted...

Look at it this way. Imagine 100 shares of a company exist. a hedge fund borrowed 140 shares they didn't actually own, and immediate sold them to drive price down. They hoped that they could buy back 140 at lower prices to pocket the difference in profit.

Instead people bought those 140, and hold them, which makes them scarce. This drives price up. The ones who sold the 140 initially are paying interest on that bet every single day. They already lost 6 billion on their bet and they're worth 12.5 billion, plus got a cash injection of 2.1 billion from another hedge fund.

When/if they give up, they will have to buy those 140 shares at any price. It's simple supply/demand.

Now the question is this. The weeks leading up to this has shown consistent short interest in excess of 100% (i.e. they're on the hook for borrowed shares that need to be bought back for more than the total amount of shares in existence).

Mainstream media lately has been reporting that they closed their position, but this implies they bought on the order of 50-75 million shares. If you look at the volume the week prior before brokers were limiting buying of stock, daily trades were a magnitude higher than they were this week with all the manipulation.

They aren't officially required to report the short interest until Feb 9th. Everything else is speculation. But at the same time, media was reporting that reddit was jumping on a bunch of other "pump and dump" stock, when any idiot with a brain could see none of the other options were in a similar position of being shorted in excess of 100%. And if you've been following the conversation on WSB, absolutely no genuine user was pushing silver, or whatever the media was saying today.

Whether it's worth it to hold? No one can answer for you. If this squeezes, it's a theoretically infinite cap. No one knows what that will mean. They've already blatantly manipulated the market and so so so desperately want people to sell. If they truly covered their position, they wouldn't necessarily want to advertise that. So why are they spending so much effort to tell you this?

Last week had a dip to 120 before stabilizing back to the 300s. No one has a crystal ball, but yes there is reason to hold if you believe the underlying short squeeze premise.

Some logical optimism when things seemed bleak. Fingers crossed for us! From today until Feb 9th, we'll be antsy.

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BlameAnesthesia posted...

http://www.nasdaqtrader.com/trader.aspx?id=shortintpubsch

So they have to tell how many shorts they have?

Bruh how in the damn hell do I sell stock through fidelity app? I'm not selling AMC just yet, but I can't even find the option to do so.

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500

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