Current Events > Wow GME now at $44.51 was only $40 close on Fri

(+) Yeah! (+)

Will it stop going up? Maybe this is due to rectification of shares that were not split correct?

What is going on?

Nah I bet it's their amazing financial future

All those NFT's they're selling

I'm glad I still have GME stock lol

NeonOctopus posted...

I'm glad I still have GME stock lol

wait... you are a bagholder?

perhaps being a bagholder is not so bad if those bags are full of money....
or sand

DarkRoast posted...

Nah I bet it's their amazing financial future

but you and @ToPoPo said it was over already

yall kept posting "omg it is at $33, if ONLY it would go back up to $37 /s"

like I said, this has happened over and over

it goes up, drops, then rebounds

WingsOfGood posted...

but you and @ToPoPo said it was over already

yall kept posting "omg it is at $33, if ONLY it would go back up to $37 /s"

like I said, this has happened over and over

it goes up, drops, then rebounds

...like any other stock?

im guessing topopo and darkroast said something like "getting it to 400 or whatever is over and it's just going to be a normal stock now," but you saw their posts to read as something like "gamestop will be at $0, it's over"

TaylorHeinicke posted...

...like any other stock?

im guessing topopo and darkroast said something like "getting it to 400 or whatever is over and it's just going to be a normal stock now," but you saw their posts to read as something like "gamestop will be at $0, it's over"

that is the thing, DarkR is all about it is not a normal stock. read her posts.

and to is to laugh and say now everyone is bagholders

I personally don't recommend people buying GME unless they are ok with that money going away, but at the same time you gotta give it credit when it does rebound and you gotta admit when the corruption is exposed by GME and when it bankrupts hedgies

Said naysayers can't even do that.

WingsOfGood posted...

wait... you are a bagholder?

perhaps being a bagholder is not so bad if those bags are full of money....
or sand

Diamond hands etc etc

AMC is also up a good bit.

dummy420 posted...

AMC is also up a good bit.

oh wow it is at $26

was like $16

I don't think AMC is as tied to short selling though which is what makes GME what it is aka the fundamentals

One day I'm going to be on reddit reading "GameStop just declared bankruptcy: why this is BULLISH for GME" then the price is going to double overnight.

Why is it going up? I have like $100 in it now and kinda wanna bow out.

Jabodie posted...

One day I'm going to be on reddit reading "GameStop just declared bankruptcy: why this is BULLISH for GME" then the price is going to double overnight.

so what you are saying is the price of the stock has nothing to do with how well a company is doing?

hmm, why is that? isn't that.... odd?

could it even be that.... hedgies short a company not doing bad and lie about how a company is doing to.... make tons of money?

interesting stuff

Fable posted...

Why is it going up? I have like $100 in it now and kinda wanna bow out.

well the point of the split was to make it easier to buy

so it could be:

1. now that it is cheaper more people are buying
2. some sorta small buyback in in process from the faulty split that happened as regulators force their brokers to rectify (German regulatory body announced that) ; benign squeeze
3. financial institutions are actually buying as they have done many times in this whole story
4. who knows

Pump and dumps how do they work

TC has 4 shares and makes a new topic every other day

DarkRoast posted...

Pump and dumps how do they work

they get pumped and then dumped and that is the end of it

this is not what happened with GME as we know the history

1. should be 0 now like you desperately want it to be
2. hedge funds went bankrupt
3. it was uncovered hedge funds lied about exiting their positions
4. shenanigans like doing the split wrong show there is still financial gain in not having to cover shares which means fundamentally the squeeze is theoretically possible (don't bet on it with your life savings as corruption abounds to stop it)

but DarkRoast gonna shill for the billionaires and mock the little guy?

WingsOfGood posted...

oh wow it is at $26

was like $16

I don't think AMC is as tied to short selling though which is what makes GME what it is aka the fundamentals

Maybe. I made alot more in AMC than I did GME because I bought in when it was about 3 something. I didnt know about any of the meme stock shit and learned about that later. This year though destroyed most of my gains but now the majority of them are back.

AngelsNAirwav3s posted...

TC has 4 shares and makes a new topic every other day

neither assertion is correct

I do regret not buying some at $80, which would have made effective cost of buying at the current price:

$20 for a $45 share

I did not expect it to gradually rise before the split tbh

Fable posted...

Why is it going up? I have like $100 in it now and kinda wanna bow out.

Options expired itm = short squeeze

WingsOfGood posted...

so what you are saying is the price of the stock has nothing to do with how well a company is doing?

hmm, why is that? isn't that.... odd?

could it even be that.... hedgies short a company not doing bad and lie about how a company is doing to.... make tons of money?

interesting stuff

GameStop publicly publishes their own financials. Unless GameStop itself is in on this conspiracy. Who knows, maybe they are?

Jabodie posted...

GameStop publicly publishes their own financials. Unless GameStop itself is in on this conspiracy. Who knows, maybe they are?

short sellers heavily short a company then give public rants about how trash it is

this happened to Tesla

do you believe Tesla is going out of business anytime soon? even with Elon being as shitty as he is, I don't

Yes, trashing a company that is literally about to file for bankruptcy is much more unethical than taking part in a short squeeze pump and dump scheme that benefits a handful of people at the expense of thousands.

Yeah im dipping put with my hundo. If it goes up it goes up.

DarkRoast posted...

Yes, trashing a company that is literally about to file for bankruptcy is much more unethical than taking part in a short squeeze pump and dump scheme that benefits a handful of people at the expense of thousands.

did you put your life savings into GME to be so salty about it or something?

and no, the rally even initally was people saying they were ok losing their money to fight against hedgies

maybe you should take a moment to breath, stop and think and consider how corruption in the financial system is not good for all these people you claim to care about so much...

Fable posted...

Yeah im dipping put with my hundo. If it goes up it goes up.

enjoy your hundo

On the bright side, if you make enough money you can buy this
GameStop exclusive NFT

https://gamefaqs.gamespot.com/a/user_image/4/8/6/AAeEwGAADirm.jpg

Or this sick nanner

https://gamefaqs.gamespot.com/a/user_image/4/8/9/AAeEwGAADirp.jpg

DarkRoast posted...

On the bright side, if you make enough money you can buy this
GameStop exclusive NFT

https://gamefaqs.gamespot.com/a/user_image/4/8/6/AAeEwGAADirm.jpg

Or this sick nanner

https://gamefaqs.gamespot.com/a/user_image/4/8/9/AAeEwGAADirp.jpg

you tried

maybe I should send you an NFT for effort

WingsOfGood posted...

short sellers heavily short a company then give public rants about how trash it is

this happened to Tesla

do you believe Tesla is going out of business anytime soon? even with Elon being as shitty as he is, I don't

I think Tesla is a fine business, but the market cap for Tesla is over 3x that of Toyota. I would not buy Tesla at current prices.

Jabodie posted...

I think Tesla is a fine business, but the market cap for Tesla is over 3x that of Toyota. I would not buy Tesla at current prices.

I agree and I hold a decent bit of Tesla. I like the company and ideas but the man in charge does so much stupid shit that should tank the stock. Somehow it still recovers and goes back up. Im waiting for an exit point.

dummy420 posted...

Somehow it still recovers and goes back up

Funny how that works huh

WingsOfGood posted...

they get pumped and then dumped and that is the end of it

this is not what happened with GME as we know the history
1. should be 0 now like you desperately want it to be
2. hedge funds went bankrupt
3. it was uncovered hedge funds lied about exiting their positions
4. shenanigans like doing the split wrong show there is still financial gain in not having to cover shares which means fundamentally the squeeze is theoretically possible (don't bet on it with your life savings as corruption abounds to stop it)

but DarkRoast gonna shill for the billionaires and mock the little guy?

and, funny, nothing changed

GME people are ****ing nuts. Who knew you could make a cult out of stock investing

DarkRoast posted...

GME people are ****ing nuts. Who knew you could make a cult out of stock investing

are you finally in the acceptance phase?

DarkRoast posted...

GME people are ****ing nuts. Who knew you could make a cult out of stock investing

Who knew

WingsOfGood posted...

are you finally in the acceptance phase?

This is exceptionally ironic for a person who doesn't seem to be willing to accept that yes you can make a lot of money from this kind of inane investing but it doesn't change the viability of GameStop as a company, and it will inevitably collapse, meaning you're just using a stock as speculative gambling.

Yes, the stock is up. That means nothing other than the crash hasn't happened yet. GameStop is a corpse of a company. Yes, you sure can make a lot of money gambling on when the bubble will burst - just make sure you're not holding the bag when it does.

DarkRoast posted...

This is exceptionally ironic for a person who doesn't seem to be willing to accept that yes you can make a lot of money from this kind of inane investing but it doesn't change the viability of GameStop as a company, and it will inevitably collapse, meaning you're just using a stock as speculative gambling.

This is what everyone is doing. The only novel thing here is that we have the rare instance of the house losing.

https://twitter.com/SenSanders/status/1355231764772507652?s=20

Tyranthraxus posted...

his is what everyone is doing. The only novel thing here is that we have the rare instance of the house losing.

The house hasn't lost. It'll still win and cash in. They're just playing hot potato with the remaining money, lying to themselves that they're somehow making a difference.

All the investment in the world won't change the fact that -160M net income per quater is a black hole.

DarkRoast posted...

The house hasn't lost. It'll still win and cash in. They're just playing hot potato with the remaining money, lying to themselves that they're somehow making a difference.

Just this year 2 hedge funds have shuttered completely, Evergrande is on the verge of bankruptcy, and Susquehanna (another hedge fund) was margin called and must repay $48 billion in outstanding debt.

The house absolutely loses. It's just rare.

It's worth mentioning that hedge funds are mostly just the retirements of middle-class workers. When they go belly-up, a handful of rich assholes lose a fortune, and then hundreds of thousands of everyday folk lose their retirements.

Wonder if WSB is OK with giving those people their money back?

yep,

GME has already bankrupt hedgies and got someone like JOHN STEWART talking about institutional corruption

so why is DarkRoast continuing to ignore this large body of evidence?
surely she isn't shorting GME too

WingsOfGood posted...

yep,

GME has already bankrupt hedgies and got someone like JOHN STEWART talking about institutional corruption

so why is DarkRoast continuing to ignore this large body of evidence?
surely she isn't shorting GME too

Congrats. Also condolences to all the people who lost their retirements.

DarkRoast posted...

Also condolences to all the people who lost their retirements.

who lost their retirement?

you keep acting like you care yet you don't

WingsOfGood posted...

who lost their retirement?

you keep acting like you care yet you don't

Do you even know what a hedge fund is?

https://scoop.upworthy.com/ontario-teachers-pension-fund-gains-500-million-cashing-in-gamestop-stock-rebellion

Ontario teachers pension fund gains $500 million by cashing in on GameStop stock rebellion

yet DarkRoast claims people lost their retirement

please stop trying to CON people for the sake of hedge funds

DarkRoast posted...

It's worth mentioning that hedge funds are mostly just the retirements of middle-class workers. When they go belly-up, a handful of rich assholes lose a fortune, and then hundreds of thousands of everyday folk lose their retirements.

People who put their entire retirement into a short position know the risks. There's no shortage of safe long retirement investments out there. They are dramatically more popular than short funds as well. Stuff investing predominantly in bonds, CDs, and long stable securities.

If you put your money into a short position you're gambling and when people gamble someone has to lose. If the investor isn't aware of the risks, then, that's because their broker is a piece of shit and the sooner they no longer have a job as a broker the better everyone is for it.

DarkRoast posted...

Do you even know what a hedge fund is?

OOOOOH

is that it? Did you buy a Melvin Capital package or something?

"Think of the poor people who bought from a corrupt evil hedge fund!! I HATE THOSE GME PEOPLE!!! RARRR"

that is pathetic

lol OK

https://www.forbes.com/sites/edwardsiedle/2021/01/30/your-state-pension-is-unknowingly-shorting-stocks-like-gamestop-all-the-time/?sh=2a5514d7752d

Tyranthraxus posted...

People who put their entire retirement into a short position know the risks. There's no shortage of safe long retirement investments out there. They are dramatically more popular than short funds as well. Stuff investing predominantly in bonds, CDs, and long stable securities.

If you put your money into a short position you're gambling and when people gamble someone has to lose. If the investor isn't aware of the risks, then, that's because their broker is a piece of shit and the sooner they no longer have a job as a broker the better everyone is for it.

Yes but to be frank betting against GameStop before these galaxy brains got involved was about as safe of a bet as one could make.