Board 8 > Stock Topic 24

(+) Yeah! (+)

Tinfoil hat time this upwelling of Roblox support I'm seeing is manufactured by market makers and isn't authentic wsb/reddit action

Biggest pump and dump of all time incoming

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I already pay my kids allowances in "Robux" they arent getting any more money from me

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IMO the price action an hour ago on GME probably was not a "dump" because any fund that sold like that would be acting quite stupidly driving the price down on themselves before they sold all their shares. The way it was going they could have sold the shares sold during that block of time north of $300 pretty easily by gradually selling. They aren't stupid enough to submit a huge market sell order.

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red sox 777 posted...

IMO the price action an hour ago on GME probably was not a "dump" because any fund that sold like that would be acting quite stupidly driving the price down on themselves before they sold all their shares. The way it was going they could have sold the shares sold during that block of time north of $300 pretty easily by gradually selling. They aren't stupid enough to submit a huge market sell order.

Unless they are aiming to shake out retail investors, accumulate and dump again

A move that ridiculous is usually a psychological ploy of some sort. You see it all the time in smaller caps. They just don't have as much eyeballs on them.

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Lopen posted...

Unless they are aiming to shake out retail investors, accumulate and dump again

A move that ridiculous is usually a psychological ploy of some sort. You see it all the time in smaller caps. They just don't have as much eyeballs on them.

Well, either way, judging by the volume, whatever it was, it didn't work. And why would it - GME shareholders have seen this so many times already.

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Like the theory is the mass sell hits some moonroof stop losses. So while you don't maximize your profit from the sale you do maximize the amount of paper hands you shake loose and disruption to investor confidence and can often buy back in for cheaper because of the stop-losses you had hit

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Lopen posted...

Like the theory is the mass sell hits some moonroof stop losses. So while you don't maximize your profit from the sale you do maximize the amount of paper hands you shake loose and disruption to investor confidence and can often buy back in for cheaper because of the stop-losses you had hit

But how many people in GME actually have stop losses set? I'll say the first time this kind of thing happened, from $160 to $60, it was pretty scary. The second time, from $480 to $120, I wanted to buy more but couldn't because my brokerage wasn't allowing it. This time I bought more.

If you are a fund doing this, you are also going to be competing with everyone else who's seen this pattern and is scrambling to buy at $185.

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That was effectively throwing a hail mary at the end of the fourth when you're down three scores. And the price action after it proves it.

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red sox 777 posted...

But how many people in GME actually have stop losses set?

don't some of the big companies buy data from RH etc?

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red sox 777 posted...

If you are a fund doing this, you are also going to be competing with everyone else who's seen this pattern and is scrambling to buy at $185.

Eh not everyone here are seasoned investors in the GME wars. I'm sure it worked at some level

Yes it mostly bounced back because the hedges bought it back too. This always happens with smaller stocks too.

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Roblox opened at 64.75 - my limit order for 45.05 did not go through. Up to 73 now.

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You can't sell an IPO for 30 days right? Does that apply to every listing?

GameStonk posted...

You can't sell an IPO for 30 days right? Does that apply to every listing?

What? I've bought and sold like every IPO this last year on the first day.

Might be a restriction for the original shareholders.

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Dang, I got caught up with an interview at work. Missed GME dip and Roblux action time.

In non-GME news, uh Nasdaq, please go back to being green.

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GME is too powerful, it's draining the life of everything else

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I got in at $270. Sell now.

Please tell me you don't have a stop loss set.

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You wish

Sunroof posted...

I got in at $270. Sell now.

Bro...

I did it for you guys

Ok I assume you got shaken out already?

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neonreaper posted...

I already pay my kids allowances in "Robux" they arent getting any more money from me

My niece and nephew, 9 and 7 respectively, both love playing Roblox online with friends more than any other game, and want Robux for their birthday
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red sox 777 posted...

Ok I assume you got shaken out already?

Fuck yeah! Thank god I didnt put in $50k and not at $300

Sunroof posted...

Fuck yeah! Thank god I didnt put in $50k and not at $300

Ok thank you, hopefully we can resume our regularly scheduled rocket launch now.

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red sox 777 posted...

He didn't buy it though. It's only a sell signal if he actually buys! Plus, he's been doing a lot better recently - I think he's pretty much gotten the FOMO bug out of his system.

this aged well

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Hey, I showed admirable restraint. Not my fault a world record dip happened and forced me in.

Buying at $270 isn't buying the dip it's chasing the dip

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Couldve been worse. Thanks fully homie stock EVRI protected me from today being a loss day.

masterplum posted...

Sunroof isn't wrong. Ive also toyed with the idea.

The problem being that oftentimes the thing causing the stock going up is volume related, so even if you did know its not certain you could just put infinite money into it which probably stops hedge funds from really going all in.

follow LikeFolio maybe

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EVRI went from 8% gain today to under 2% (none of you are commending my stop losses for that one). Im going back in it if it ends the day under 1%.

Sunroof posted...

EVRI went from 8% gain today to under 2% (none of you are commending my stop losses for that one). Im going back in it if it ends the day under 1%.

That's not a stop loss, that's a stop gain. And it would have worked for you with GME if you had bought at $300 and sold for, say, $330.

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Yessss GME almost back at $270

Sold Roblox for an easy 8% gain


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Nice. Its hard making money on IPOs because you have to stare at the market waiting for it to open, then you have like two minutes to get in before its too late.

Oh by the way, thanks to that monster dip, the uptick rule is in effect for GME through tomorrow. That means short sales can only be processed after an uptick.

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Sunroof posted...

Nice. Its hard making money on IPOs because you have to stare at the market waiting for it to open, then you have like two minutes to get in before its too late.

As long as your broker allows limit orders the morning of, you're usually fine to get in on the good price.

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True. But oftentimes the price goes up once it goes public, then drops after five minutes. I think that happened with Airbnb. So you still have to watch the market nonstop.

You can just set a limit order for the most you're actually willing to pay. If it fills below that, great. If it opens above that, you didn't want to buy it at that price anyway.

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Man I wish I had time to check the market this morning before I started work this morning - I could have sold some really juicy AMC covered calls. before that big dip. I still got a decent one before it dipped further by end of day, but alas, what could have been....

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Can anyone explain for real what that GME drop off was? Like in reality? I'm tired of just calling things hedge fund market manipulation' lol

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ExThaNemesis posted...

Can anyone explain for real what that GME drop off was? Like in reality? I'm tired of just calling things hedge fund market manipulation' lol

I am waiting for DFV update
After today...he really should inform if he is still holding
If not I have a feeling that it peaked

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ExThaNemesis posted...

Can anyone explain for real what that GME drop off was? Like in reality? I'm tired of just calling things hedge fund market manipulation' lol

It's a real thing not a tinfoil Hat Thing

Literally the whole reason gme has the Absurd valuation to begin with is the counter hedge fund Market manipulation do you think they just give up and walk away

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ExThaNemesis posted...

Can anyone explain for real what that GME drop off was? Like in reality? I'm tired of just calling things hedge fund market manipulation' lol

I don't think anyone really knows, other than maybe some people at some hedge funds or maybe at the NYSE/Citadel/etc. I just know that (1) something like this has happened several times now, and (2) the total number of shares traded during it was quite low. The short ladder attack theory is as good as any.

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is it a real thing? i walked away from the first GME thing with the understanding that short ladder attacks aren't a real thing and it's just a WSB made up explanation for their narrative. the explanations iv seen don't actually make any sense. but I see you used it just a little while ago here to see if it was possibly what happened.

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To be clear I'm not necessarily saying it's a short ladder attack ( Again by my understanding you can't drop the price that rapidly or during Market hours using one) but it was someone with Deep Pockets doing something. Probably deeper Pockets than mister value has

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CoolCly posted...

is it a real thing? i walked away from the first GME thing with the understanding that short ladder attacks aren't a real thing and it's just a WSB made up explanation for their narrative. the explanations iv seen don't actually make any sense. but I see you used it just a little while ago here to see if it was possibly what happened.

I don't know about the "ladder" portion of it, but selling large quantities of a stock in a short time to drive the price down is definitely a real thing and a very very old tactic. The idea would be to trigger stop loss orders or margin calls for longs and then buy the stock for cheap. Unless you actually catch a lot of longs either panic selling or hitting their stop losses or margin limits, it usually hurts the person doing it, as they end up selling stock for cheap. There are also some questions about legality.

Of course not everything is manipulation and people have been way too eager to call any downward movement manipulation, but there are nonetheless 3 major downward movements in GME that really stand out - on 1/25, 1/28, and today, in each case plummeting by 50%+ within a very short time (just a few minutes of actual trading time in between halts). We apparently halted 6 times in 31 minutes today so most of the move may have happened within 60 seconds of actual trading time.

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Well the one on 1/28 was manufactured by the brokerages stopping purchases and only allowing sales. This was just... Like so unfathomable and laughable.

Also the amount of FUD posting that started immediately on WSB by new accounts tells me we have to be really hurting them or else they wouldn't attack this on so many fronts.

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My explanation for why there was such a large dip:

Volume was WAY too low to cause such a huge drop in price, so I asked in GME Megathread Part 1, "How could that large of a dip happen, with such a low volume?", also pointing out that IBorrowDesk didn't report any new shorts, during the time of the dip. I didn't realize that when shorts are borrowed, the borrower has 3 days to use them, or they have to be returned. Shorts HAVE been borrowed, in large numbers, over the past few days. That means that hedgies were borrowing shorted shares, iron handing them, borrowing more, and then they released them all at once (or in large chunks because of the halts). That allowed them to tank the price in a very direct and focused manner, say $160 in a matter of 20 minutes (and that includes the halt times). I believe this was an attempt to trigger stop losses and scare day-traders into selling. The immediate rebound and the fact that THE EXACT SAME THING HAPPENED TO AMC, AT THE SAME TIME, seems to corroborate this theory.

Thanks to /u/_Exordium
, for explaining this rule for borrowing shorts!

220@$125.61 average

TLDR: Since there has been millions of shares shorted over the past few days, and they have 3 days to use the shorted shares, I think that the dip was caused by hedgies hoarding shorts to release all at once. Thus tanking the price and triggering stop losses and scaring day-traders into paperhanding. Also, exact same tactic used on AMC, at the exact same time.

This seems legit actually

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Buying the dip today makes sense.

Buying hoping for it to break the ATH is dumb.

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