This GameStop Short Squeeze is Making History!

[marielle]

A quick summary--a bunch of Reddit users found that a hedge fund took a YUUGE short position in GameStop and decided to collectively f*** the short-sellers. And now Reddit, Discord, and other platforms are censoring these retail day traders!! And trading platforms are shutting down to protect the hedge funds! This can only cause more people to wake up to the manipulation.

Language Warning here:
https://twitter.com/stoolpresidente/status/1354589231960743936

Here is a thread at GreatAwakening.win which explains what is going on:

https://greatawakening.win/p/11SK7KUx7c/stocks-shorting-and-gme-gamestop/

Note that the above forum is a Q board but this topic is not Q related but those guys seem to be really loving this and so am I :clapping:

One last thing--"stonk" means "stock". I think.:bigsmile:

[Jad]

I was able with my brother to grab a few Nok contracts today! lets hope it reaches the moon!

[alexius]

Gotta love this!

[marielle]

I think the real Achilles Tendon is silver, and other precious metals. If the "collective" turns its sights on silver, the global financial system is in jeopardy.

Apparently, there was a reddit thread in WallStreetBets about silver but they have taken this sub private so I can't link it here.

https://twitter.com/Dishhco_Volante/status/1354593625678733316

This is really extraordinary:

https://twitter.com/Breaking911/status/1354787990174920704

Edit - add one more (sorry about the language:blushing:)
https://twitter.com/stoolpresidente/status/1354795717433425921

2nd Edit: It looks like WSB is back at Reddit and here is the silver thread I was talking about:

https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/

[marielle]

This is just waaay to much fun!:Party:

https://twitter.com/stoolpresidente/status/1354817763819196417

[Jad]

It's interesting how all the conspiracies about corruption everywhere is coming out into the light for everyone to see: election fraud, fake news, big Pharma, BS Lockdowns, and now stocks! I wonder what will be the tipping point for a mass revolt.

[rgray222]

We have moved back into the world of the ruling class and the elites running the world without challenge. This topic is absolute proof of that fact.

When you see John Kerry who travels everywhere on his family private jet in charge of climate change for the USA then you know that we are back to business as usual. Love Trump or hate Trump he at least disrupted the status quo even if it was temporarily.

The elites and the ruling class would never have come out against this type of investment, they just want people to know that they are back and they are in power and they will try to run over whoever gets in their way.


http://www.youtube.com/watch?v=uzojHqzm3TU

In laymen's terms

https://img-9gag-fun.9cache.com/photo/aGpRM4X_700bwp.webp

https://scontent-iad3-1.xx.fbcdn.net/v/t1.0-9/142440690_181792400393538_5187477853391520358_n.jpg?_nc_cat= 110&ccb=2&_nc_sid=8bfeb9&_nc_ohc=TuwKLk8RCLMAX9zxtMw&_nc_ht=scontent-iad3-1.xx&oh=6cb01ae5d10a75145e3f8812cbf06d34&oe=6039029E

[TargeT]

I will add more later, or if someone else is tracking this feel free too....


but this is a HUGE event with far reaching implications... a very pivotal moment in world society really.

There seemed to be clear manipulation & a reddit subforum with around 5million members (https://www.reddit.com/r/wallstreetbets/) has caused a revolution in finance by taking on major hedge firms with a brilliant counter move in the stock market (full disclosure, I am invested in GameStop (GME) as well.. so... bias...)

Here is the outcome so far of today:
https://i.redd.it/d37etjmcd4e61.jpg


It's a fascinating phenomenon involving billions of dollars.... and if the short squeeze goes through there will be hundreds of new millionaires.

[Metaphor]

Elon Musk jumps in...
"u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons"
https://twitter.com/elonmusk/status/1354890601649610753


In my view this is the start of the antithesis to "ze grrreat rezet". This is "The Great Resistance"! Take that, Claus Schwab!

[Metaphor]

Great post, but we already have a thread about this, shouldnt it be there?

[marielle]

People aren't happy:

https://twitter.com/disclosetv/status/1354900316731420674

It appears that RobinHood is closing out GameStop positions without their clients' consent:

https://twitter.com/themaxburns/status/1354872948226732046

[Constance]

ffffffffffffffffffffffffff

[TargeT]

Been busy managing my GME stocks... missed it

[Ivy23]

Joe Biden’s Treasury Secretary Janet Yellen has made over $7 million from speaking at Wall Street firms including Citadel – which has invested billions of dollars in the primary hedge fund now suffering as a result of the GameStop stock surge.

Following a Reddit-induced skyrocket in the price of GameStop, a company heavily shorted by Melvin Capital Management, trading platforms including RobinHood have started to ban trading of the security. The move will likely lower the price of the stock and, perhaps, help rectify Melvin Capital’s immense losses.

The move has been widely viewed as protecting Wall Street hedge funds, whom Yellen has made millions speaking from, while “selling out” the little guy.

Article this is from is linked below.

https://thenationalpulse.com/news/yellen-made-millions-speaking-to-wall-street/

There was a post in the Reddit sub forum from an employee of Robinhood saying that the WH called directly to force the shut down on buying stock in GameStop, AMC, Nokia, BB and more. Here’s a Screen shot of that post.

45963

The SEC is seemingly asking for access to the Robinhood customer records.

45964

WH press secretary was asked about Janet Yellen, the Secretary of Treasury, taking $810,000 from Citadel for speaking engagements: “Are there any plans to have her recuse herself from advising the President on GameStop and the whole Robinhood situation?" I didn’t want to include the whole press conference video, there’s a clip in this tweet of her response.

https://mobile.twitter.com/ColumbiaBugle/status/1354882529107406850

I’ve been following closely and it’s definitely huge. If this doesn’t open more folks eyes, I don’t know what will.

*edited to give context to first link*

[Ivy23]

Been busy managing my GME stocks... missed it


I hope you got in earlier than I did. It’s insane! 🍻

[Kryztian]

White supremacist

45962
Constance,
I could not find this on the CNN website, or any other stories by Moshie R. Horowitz. Are you sure this is real? :sherlock:

[TargeT]

They admitted that they shut down the markets to "protect " themselves

https://www.reddit.com/r/wallstreetbets/comments/l77imc/interactive_brokers_chairman_on_cnbc_just_now/?utm_medium=android_app&utm_source=share

¤=[Post Update]=¤

On a side note..... this might make me a millionaire
45965
¤=[Post Update]=¤



White supremacist

45962
Constance,
I could not find this on the CNN website, or any other stories by Moshie R. Horowitz. Are you sure this is real? :sherlock:

Its completely fake and I'm shocked it was repeated.... its no where near reality... low effort fear mongering to try and protect rich people.. who ever made that... yeash

https://twitter.com/traesop/status/1354856069961539589?s=20

[PurpleLama]

https://i.ytimg.com/vi/if-2M3K1tqk/hqdefault.jpg

[Constance]

ffffffffffffffffffffffffff

[TargeT]

This is so big....

https://twitter.com/joemccann/status/1354859879337320452?s=20



R5npJyKuEF8

[TargeT]

Been busy managing my GME stocks... missed it


I hope you got in earlier than I did. It’s insane! 🍻

when the squeeze happens it won't matter what you got in at.

I have a limit set for 300 @ $5,000 and another for 400 @ $10,000 at the top end with some smaller steps before hand

I think I bought in at 213 or so? the Squeeze is all that matters tho, there are currently millions of naked shorts that HAVE to be covered....

I'll be watching very closely tomorrow though I think they will just extend their shorts (to delay the squeeze)

GmE Short Float = 121.98% (https://finviz.com/quote.ashx?t=GME)
(this means that 21.98% 65.20M shares are shorts with no share to pair with... it's insane that this is. legal)

This will implode beautifully



tb35Z9tSRmA

[DaveToo]

Been busy managing my GME stocks... missed it


I hope you got in earlier than I did. It’s insane! 🍻

when the squeeze happens it won't matter what you got in at.

I have a limit set for 300 @ $5,000 and another for 400 @ $10,000 at the top end with some smaller steps before hand

I think I bought in at 213 or so? the Squeeze is all that matters tho, there are currently millions of naked shorts that HAVE to be covered....

I'll be watching very closely tomorrow though I think they will just extend their shorts (to delay the squeeze)

GmE Short Float = 121.98% (https://finviz.com/quote.ashx?t=GME)
(this means that 21.98% 65.20M shares are shorts with no share to pair with... it's insane that this is. legal)

This will implode beautifully



I just got wind of this, this evening on the radio.
I think this is fantastic! :)

I hope you make a killing Target! Good luck!

What I don't understand is how so few (?) can turn around a stock.
I know volume is key in stock trades.

[onawah]

Wall Street Elites DESTROYED, Beaten By Redditors At Their Own RIGGED Game
849,551 views•Jan 27, 2021
The Hill
1.06M subscribers
"Saagar Enjeti discusses the latest Wall Street drama with Reddit users."
9ToOGrUQ7ME

Krystal Ball: GameStop And The Ecstasy Of Making Elites Pay
131,343 views•Jan 28, 2021
The Hill
1.06M subscribers
"Krystal Ball analyzes the growing anger American people have with the elites."
zTT4it_f7Jc

[ulli]

This guy is so upset about losing his billions he cried on CNBC News.
http://www.youtube.com/watch?v=nhd0ppxRRlo&feature=share&fbclid=IwAR08qmalVAq5v9MgJHNASxK_CmX6KZhEjYg22cT1w8YPx6Shf2U J0cZ43Jc

[pyrangello]

The great awakening is happening everywhere.

[DaveToo]

The great awakening is happening everywhere.

Really?

Do you honestly think this GME episode will translate into the normies around the world waking up to the scamdemic?

[Anchor]

--



GameStop

GAME

STOP

Syncronicity? Nuff said.

So many people have had their eyes opened to the collusion and manipulation, particularly by Citadel.

As Target said earlier, this is PIVOTAL.

[eagle0027]

I am absolutly luving this.Think it will get very interesting in a feeling of this being only the start.
Have been sitting for months wondering..why for god sake dont the thousands of milliinair/billionaire persons having their buisnesses torched or trashed in many cities do a class action lawsuit suing mayors and govenors into generational poverty?????Or for shutting down planet wide economy based on quack science covid # what was it???
Hopefully this group of younger generation will lawyer up spend a bit of their newfound wealth and do just that...sadly the rich in my generation are doing nada.

[Chris Gilbert]

This has got to be one of the most satisfying things to happen in months. Lots of popcorn eating on my end today!

45966

[DaveToo]

I am absolutly luving this.Think it will get very interesting in a feeling of this being only the start.
Have been sitting for months wondering..why for god sake dont the thousands of milliinair/billionaire persons having their buisnesses torched or trashed in many cities do a class action lawsuit suing mayors and govenors into generational poverty?????Or for shutting down planet wide economy based on quack science covid # what was it???
Hopefully this group of younger generation will lawyer up spend a bit of their newfound wealth and do just that...sadly the rich in my generation are doing nada.

Me too! :)

GameStop being played by shortstoppers. LOL!!!

I would love for this to go on for days and weeks but I have a funny feeling that Wall St. and big money will be able to 'influence' their way out of losing their shirts by pulling some strings back stage.

We the people won't ever know about the deals negotiated, but I am expecting them to be somehow bailed out, perhaps at taxpayers' expense? I hope I am wrong.

I hope this triggers a wave, a tsunami of similar short-covering nightmares for the hedge fund gamblers.

[Ernie Nemeth]

No, I think you're right on the money...:cash:

[apokalypse]

thanks for this thread..can anybody explain like i'm 5 what's going on?

[TargeT]

thanks for this thread..can anybody explain like i'm 5 what's going on?

for decades banks have abused the financial system to "bet against" struggling businesses, they purchase "naked shorts" (it costs almost nothing to do this) betting that the companies stock will fall to a certain level by a certain date.

it was quickly found out that if a lot of hedge funds did this same thing they could cause a "sell off" (holders of the stock would panic because of the large moves to the negative and either sell off their stock manually to be safe or the movement would trigger "stop loss" settings that automatically sell your investments if they fall too much in value).

In essense: they could collude to make obnoxious profits with almost no risk.


https://www.reddit.com/r/wallstreetbets/ obvserved this behavior and how over the top it was getting.

It' now correcting the situation by over riding 100's of millions of shorts.....

this event will echo through out history.

(this topic is VERY complex, the above is a breif summary.... there is FAR more involved than just the financial aspect)



The great awakening is happening everywhere.

Really?

Do you honestly think this GME episode will translate into the normies around the world waking up to the scamdemic?

It's global at this point... so yes.... all that was needed was a good motivator apparently? (aka, money & the innate disgust at seeing the powerful take advantage of the weak)

[meat suit]

thanks for this thread..can anybody explain like i'm 5 what's going on?
trying to upload an image here that explained it well for me being a 3 year old in this subject.

[TargeT]

thanks for this thread..can anybody explain like i'm 5 what's going on?
trying to upload an image here that explained it well for me being a 3 year old in this subject.

that is a well written summary of the current situation.

but it doesn't emphasize the current setting... this has explode globally, even Asian billionaires are getting in on this... the market opens in 5 min and the stock is already up 200%

[Alan]

I have a limit set for 300 @ $5,000 and another for 400 @ $10,000 at the top end with some smaller steps before hand

TargeT, you're not saying you expect GME to go to $10K per share, are you?

[TargeT]

I have a limit set for 300 @ $5,000 and another for 400 @ $10,000 at the top end with some smaller steps before hand

TargeT, you're not saying you expect GME to go to $10K per share, are you?

maybe much higher


the leverage that /r/wallstreetbets has created is technically infinite given that the share holders do not sell ... it could go to 100,000/share if no one sells (i highly doubt that)

Shorts are obligated to purchase some 60 million shares. There aren’t even that many in rotation so the HOLDers set the price. There is no price out of the question at this point as long as shares are held and there is NOTHING they can do about it.

[mgray]

thanks for this thread..can anybody explain like i'm 5 what's going on?

Here's a pretty good primer (https://grayseconomy.com/2021/01/28/what-republicans-can-take-away-from-gameshop-revolt/) from yesterday that I wrote.

[TargeT]

I am absolutly luving this.Think it will get very interesting in a feeling of this being only the start.
Have been sitting for months wondering..why for god sake dont the thousands of milliinair/billionaire persons having their buisnesses torched or trashed in many cities do a class action lawsuit suing mayors and govenors into generational poverty?????Or for shutting down planet wide economy based on quack science covid # what was it???
Hopefully this group of younger generation will lawyer up spend a bit of their newfound wealth and do just that...sadly the rich in my generation are doing nada.

Me too! :)

GameStop being played by shortstoppers. LOL!!!

I would love for this to go on for days and weeks but I have a funny feeling that Wall St. and big money will be able to 'influence' their way out of losing their shirts by pulling some strings back stage.

We the people won't ever know about the deals negotiated, but I am expecting them to be somehow bailed out, perhaps at taxpayers' expense? I hope I am wrong.

I hope this triggers a wave, a tsunami of similar short-covering nightmares for the hedge fund gamblers.


SEC reviewing recent trading volatility amid GameStop frenzy, vows to protect ‘retail investors’ (https://www.cnbc.com/2021/01/29/sec-reviewing-recent-trading-volatility-amid-gamestop-frenzy-vows-to-protect-retail-investors.html)

this has grown beyond cover up, it's time these folks paid the piper



It's gross how corruption ruins everything (https://www.zerohedge.com/markets/cash-strapped-robinhood-scrambles-raise-1-billion-rich); this phenomon is u pushing back.

[TargeT]

The short position is up to 140% now.... Apparently not only do these fund managers not care, but they are clueless to the situation?

that's like 80 MILLION shares that have to be bought back.... there are only 65 million in existence .....

[Alan]

TargetT, what is the time frame you expecting to see these prices?

I made about $4K on Wednesday on GME, thanks to your tip, and got back in today at $336.

[TargeT]

TargetT, what is the time frame you expecting to see these prices?

I made about $4K on Wednesday on GME, thanks to your tip, and got back in today at $336.

your guess is as good as mine....

these shorts CAN be held past expire, and they will be, but the interest rates on them gets bad and worse the longer they hold them... so we area really waiting on their tolerance for the interest.


anyway, the whole point of this is NOT to buy and sell, it's to buy and HOLD so you can FORCE the hedge funds into the squeeze.... by selling your prolonging the action


I feel confident that it will happen sometime between tonight (15% chance) and mid summer(5% chance they wait that long)... unless there is some catalyzing event


I'm not a financial advisor btw ;) this is just what I think...


don't invest more than your willing to loose and if you get into GME, don't buy and sell for profit... HOLD and punish the hedge funds.


QM-0z5BDIQE

[angelfire]

It seems there is a now a new Crypto on the scene, called.........Wall Street Bets :bigsmile:
It's doing very well so far.


https://coinmarketcap.com/


Anyone know what's going on with this?

[TargeT]

https://twitter.com/biancoresearch/status/1355265967463542785?s=20

[DaveToo]

I feel confident that it will happen sometime between tonight (15% chance) and mid summer(5% chance they wait that long)... unless there is some catalyzing event


I'm not a financial advisor btw ;) this is just what I think...


don't invest more than your willing to loose and if you get into GME, don't buy and sell for profit... HOLD and punish the hedge funds.



I think this is the key. Sure many would like to make a tidy profit on this, but most would agree they would get much greater satisfaction simply watching the hedge funds amass huge multi-billion dollar losses. The way to do that is NOT to sell!

And on from GME to the next hedge fund massacre! :)

[marielle]

Here is Craig Hemke (AKA Turd Ferguson) discussing the GameStop situation and how it relates to the suppression of the precious metals markets:

ko3IyJpETLQ

[DaveToo]

thanks for this thread..can anybody explain like i'm 5 what's going on?

This is basically all about shorting a stock.

Most of the time people BUY a stock first and then SELL it at a later date.
Three things can happen when you sell it:

1. If the stock price goes up you make a profit.
2. If the stock price remains the same, you end up breaking even basically.
3. If the stock price goes down you lose money.

When you 'short' a stock you reverse the BUY and SELL procedure.
The stock market actually allows you to SELL the stock first and then BUY it later.
If you BUY and then SELL, or SELL and then BUY a stock you no longer own the stock.

The process for calculating your profit or loss is the same whether you:
BUY and then SELL or
SELL and then BUY (shorting a stock).

You simply take your SELL price and subtract your BUY price:
SELL - BUY = PROFIT or (LOSS)


So here's what can happen when you 'short' a stock. Let's say you:

1)

SELL 10 shares that are trading at $100 and two months later BUY 10 shares trading at $120.
You sold 10 x 100 = $1,000 worth of shares.
You bought 10 x 120 = $ 1,200 worth of shares.

Now to calculate your profit/loss:
SELL: $1,000 BUY: $1,200
SELL - BUY = PROFIT or (LOSS)
1,000 - 1,200 = - $200 (LOSS)


2)

SELL 10 shares that are trading at $100 and two months later BUY 10 shares trading at $100.
You sold 10 x 100 = $1,000 worth of shares.
You bought 10 x 100 = $ 1,000 worth of shares.

Now to calculate your profit/loss:
SELL: $1,000 BUY: $1,000
SELL - BUY = PROFIT or (LOSS)
1,000 - 1,000 = $0.00 (no profit or loss except for trading fees).


3)

SELL 10 shares that are trading at $100 and two months later BUY 10 shares trading at $40.
You sold 10 x 100 = $1,000 worth of shares.
You bought 10 x 40 = $ 400 worth of shares.

Now to calculate your profit/loss:
SELL: $1,000 BUY: $400
SELL - BUY = PROFIT or (LOSS)
1,000 - 400 = $600 PROFIT


So basically when you ‘short’ a stock you hope that its price goes down!
If it goes down you make money, if it goes up you lose money.

All these big hedge fund companies were hoping that GME stock went down (they were shorting the stock).

[TelosianEmbrace]

What is happening is merely a result of the increasing of the love and truth vibrations on the Earth. It's not such a far step from here to an equitable financial system based upon the gold standard. The morally corrupt will become financially corrupt and the virtuous will find themselves in abundance. We will move from dictators and political tyrants running the system to wise elders who lead with the respect of the people. A New Earth is being birthed and we will live to see it.

[onevoice]

Here is the list of options expiring on 1/29/2021 for the GameStop stock:
https://finance.yahoo.com/quote/GME/options?p=GME

I saw this post on the WallStreetBets subforum of Reddit, which references the above list:


I went through the option chain on Fidelity and tallied the open interest on calls and puts.

Calls ITM: 93139 = 9,313,900 shares
Puts ITM: 1120 = 112,000 shares

So the MM have to buy 9.3 million shares next week. Citadel is about to squeeze themselves!

Since the Citadel (which owns the Robin Hood app) has shorted 9.3M shares they will have buy back the 9.3 million shares next week to cover their calls, if they don't want to have to pay the interest to borrow the stock. From the volume action toward the end of today, it looks like Citadel chose not to cover their call options.

I subscribe to professional traders chats on the Bezinga platform, and some were saying that the hedge funds pulled lots of dirty tricks to make the stock take a steep dive yesterday (Thursday) (each day consists of two rectangular sections in the below graph showing stock prices this past Monday through Friday):
https://baggage-wm.livelink.io/wm.albums/gallery.photos3.walmart.com/galleries-c662470b87289dbcdaa84ee8cd44955c-15557126581.jpeg?token=cnc5ZjYyYzsxNjEyMDAwODAwO2NmZGYzN2JjYjdkM2YzNGYwZGZiOGYwMTNh%0AYzY3MjAzNDZkYm QxMjBmMjg2MjM5ZDUyMzQ0YmEwMGNiNjgyNjI%3D%0A

[Nenuphar]

thanks for this thread..can anybody explain like i'm 5 what's going on?

This is basically all about shorting a stock.



Thank you for the explanation you gave, it was very helpful. I am sitting here trying to wrap my head around the idea that the market is set up so people can sell what they don't own and then buy it back later. :der:

[Anchor]

If any of you Avalonian's end up making a lot of money with this (which looks very likely!), make sure you factor in your capital gains tax!!

This is not financial advice. My personal opinion is that if you are making a stack of money then you can afford to get some professional advice on how best to deal with the tax obligations you may incur.

A few years ago in a Crypto bull run there were sad stories of people who made life changing amounts of money, eagerly paying down debt or getting expensive medical treatment (etc etc) and then not being able to pay the tax that was due on the gains and that ended up making them worse off than before (sometimes catastrophically).

[TargeT]

I subscribe to professional traders chats on the Bezinga platform, and some were saying that the hedge funds pulled lots of dirty tricks to make the stock take a steep dive yesterday (Thursday) (each day consists of two rectangular sections in the below graph showing stock prices this past Monday through Friday):


But look what they just set up.....

https://i.redd.it/jhiq361j8de61.jpg

Delicious.....





A few years ago in a Crypto bull run there were sad stories of people who made life changing amounts of money, eagerly paying down debt or getting expensive medical treatment (etc etc) and then not being able to pay the tax that was due on the gains and that ended up making them worse off than before (sometimes catastrophically).

You have to be SOOOO bad with money to do that... (btw Captial Gains tax % rate is the same as your regular tax rate unless you hold for over a year)

[Arcturian108]

I am not caught up in this frenzy, but Jeffrey Prather, in his latest podcast, believes this scenario is part of a financial cyber attack on the U.S. monetary system, as part of their all-out war on the U.S. He doesn't feel that the Reddit crowd is the main force behind this, but he does feel that the CCP is.

I wish that he is wrong, but I have no idea, and just wanted to add this comment to the discussion.

[TargeT]

I wish that he is wrong, but I have no idea, and just wanted to add this comment to the discussion.

This all started because 6 months ago some nerd on reddit was browsing short positions and found that GME was 100% shorted & came up with the idea to buy up the stock so when it comes time to close out shorts and you don't sell, the price is driven up ("the squeeze").

He was doing live on youtube.

its NOT the ccp, they just steal our ideas.

[Arcturian108]

I wish that he is wrong, but I have no idea, and just wanted to add this comment to the discussion.

This all started because 6 months ago some nerd on reddit was browsing short positions and found that GME was 100% shorted & came up with the idea to buy up the stock so when it comes time to close out shorts and you don't sell, the price is driven up ("the squeeze").

He was doing live on youtube.

its NOT the ccp, they just steal our ideas.

I hope you are right, and Jeffrey Prather is wrong.

[TargeT]

I wish that he is wrong, but I have no idea, and just wanted to add this comment to the discussion.

This all started because 6 months ago some nerd on reddit was browsing short positions and found that GME was 100% shorted & came up with the idea to buy up the stock so when it comes time to close out shorts and you don't sell, the price is driven up ("the squeeze").

He was doing live on youtube.

its NOT the ccp, they just steal our ideas.

I hope you are right, and Jeffrey Prather is wrong.

I watched the video, trust me ;)


Plus there's a lot known about how this all started since every single post on reddit is open to the public (https://www.nytimes.com/2021/01/29/technology/roaring-kitty-reddit-gamestop-markets.html), you can go back and research it and easily see this is organic.


Welcome to the GOD, the LEGEND....

/u/Deep****ingValue (he has about 48 million in GME)
GZTr1-Gp74U


This man is a legend
https://i.redd.it/f2yhugwt5de61.jpg

[onevoice]

I subscribe to professional traders chats on the Bezinga platform, and some were saying that the hedge funds pulled lots of dirty tricks to make the stock take a steep dive yesterday (Thursday) (each day consists of two rectangular sections in the below graph showing stock prices this past Monday through Friday):


But look what they just set up.....

https://i.redd.it/jhiq361j8de61.jpg

Delicious.....





A few years ago in a Crypto bull run there were sad stories of people who made life changing amounts of money, eagerly paying down debt or getting expensive medical treatment (etc etc) and then not being able to pay the tax that was due on the gains and that ended up making them worse off than before (sometimes catastrophically).

You have to be SOOOO bad with money to do that... (btw Captial Gains tax % rate is the same as your regular tax rate unless you hold for over a year)

Very good point, TargeT. What you are alluding to is ever increasing demand and support (indicated by the the bottom dashed line which is angling up), which is just what we as regular investors need to know to hold the stock knowing it will accrue in value. I made some money on GME earlier in the week and went through scary emotional roller coaster. It wouldn't have been so bad had I read your post here (https://projectavalon.net/forum4/showthread.php?30405-Here-and-Now...What-s-Happening&p=1407046&viewfull=1#post1407046).

[Olam]

Geez, I"m reading all this and freaking out on missing all the action.
I have no clue on how all this works and its frustrating me right now..
:-)
I have 400 dollars to spend and I"m all in....lol

[rgray222]

https://scontent-iad3-1.xx.fbcdn.net/v/t1.0-9/143590039_720422125342170_8640511391986583735_n.jpg?_nc_cat=104&ccb=2&_nc_sid=8bfeb9&_nc_ohc=gKvOTYtfqgEAX8BSic0&_nc_ht=scontent-iad3-1.xx&oh=473926c434b50c94a9b974e9b5837191&oe=6038BB42

[TomKat]

Jeffrey Prather is wrong. Here's the story:

https://www.masslive.com/business/2021/01/gamestop-stock-market-chaos-meet-keith-gill-the-massachusetts-man-and-former-massmutual-employee-behind-it-all.html

[TargeT]

haha... they don't like us participating in their play ground... (SORRY, NOT SORRY)


mI-nItz56Fs[/YOUTUBE]

[TargeT]

haha... they don't like us participating in their play ground... (SORRY, NOT SORRY)



mI-nItz56Fs[/YOUTUBE]


nhd0ppxRRlo

OMG... these rich people are the worst at "getting in touch" with the common man


This has so much publicity right now, it will influence the ENTIRE world in one way or another.


BTW, if you use robinihood, find out how to transfer out ASAP, I think there is even a method that doesn't lock up your trades

mMX2Oezb3kI

Be smart about this, it's very difficult and these arrogant established types are acting irrationally ....

I'm in deep, but I'm in for blood, I'd gladly loose all I put into this for the cause.


https://images.app.goo.gl/NA8zb3BtkQWE77Xd7

[Jayke]

BTW, if you use robinihood, find out how to transfer out ASAP, I think there is even a method that doesn't lock up your trades

mMX2Oezb3kI

Be smart about this, it's very difficult and these arrogant established types are acting irrationally ....

I'm in deep, but I'm in for blood, I'd gladly loose all I put into this for the cause.


https://images.app.goo.gl/NA8zb3BtkQWE77Xd7

Are there any other trading platforms beyond Robinhood you’d recommend for getting in on this?

[TargeT]

BTW, if you use robinihood, find out how to transfer out ASAP, I think there is even a method that doesn't lock up your trades

mMX2Oezb3kI

Be smart about this, it's very difficult and these arrogant established types are acting irrationally ....

I'm in deep, but I'm in for blood, I'd gladly loose all I put into this for the cause.


https://images.app.goo.gl/NA8zb3BtkQWE77Xd7

Are there any other trading platforms beyond Robinhood you’d recommend for getting in on this?

I use ThinkorSwim but for a bout 30 min they ALSO blocked my buy's on GME.... so I'm not sure they are the best.... it's what my day trader friend suggested.

At this point if you are not committed to "the cause" just buy a share or three and let them sit if you can... I do not feel that this stock will be profitable for "day traders", this movement is about correcting the financial system (and eventually benefiting from it with the rest of the world) I don't see this as a short term venture (though most investments should not be less than 3+ years.... other wise it's just gambling, I"ll own TSLA till 2030)

I can hold this position indefinitely; and the interest rate's 0n the (very first set!) short calls that expired Friday are going to increase every day from now on until they can close them, not to mention the next few set's of short's that will expire and cost them billions..... we are winning so hard right now (https://www.reddit.com/r/wallstreetbets/comments/l8hfc1/gme_short_interest_wwmd/)


This is an amazing phenomenon
https://twitter.com/biancoresearch/status/1355265973465579520?s=20

I'm a bit worried at what this will cause.... but the naked short's that happened were illegal and I think we have found the most meaningful punishment possible.... HOLD!
(https://projectavalon.net/forum4/showthread.php?113838-This-GameStop-Short-Squeeze-is-Making-History-&p=1407738&viewfull=1#post1407738)

[happyuk]

Some unhappy bunnies at Melvin Capital.

https://twitter.com/SecureProfit/status/1354587467702263808

[Merkaba360]

So, is this the start of a watchdog website to form online that keeps an eye on all these greedy businessmen/fund managers that get pissed when they finally get owned? A way to activate "we the people" anytime we need to bury these investors. lol

I understand that it started on reddit. Is that an ideal way to organize or will this evolve?

Or will this quickly change the laws and cause the big dogs to never get into situations like this realizing a new competitor has formed - the little guy x millions ?

[Journeyman]

one take on this:

https://gab.com/SoloGrunta/posts/105636128330389583


Do people realise that the fun being had on Wall Street atm will crash hedge funds, crash banks and go all the way to the Fed?

The Fed will crash.

Now realise that in March last year Trump made the Treasury the holder of all assets while the Fed carried the now UNSECURED debt.
The Treasury gets the interest on the Feds loans AND holds the assets.

When the Fed crashes - and it will - goodbye Roth’s and other scum.

The dollar will become asset backed by precious metals, mineral wealth, GDP etc.

Bye bye fiat/factional banking - hello true and real wealth owned by THE PEOPLE.

BRILLIANT.

[The Moss Trooper]

one take on this:

https://gab.com/SoloGrunta/posts/105636128330389583


Do people realise that the fun being had on Wall Street atm will crash hedge funds, crash banks and go all the way to the Fed?

The Fed will crash.

Now realise that in March last year Trump made the Treasury the holder of all assets while the Fed carried the now UNSECURED debt.
The Treasury gets the interest on the Feds loans AND holds the assets.

When the Fed crashes - and it will - goodbye Roth’s and other scum.

The dollar will become asset backed by precious metals, mineral wealth, GDP etc.

Bye bye fiat/factional banking - hello true and real wealth owned by THE PEOPLE.

BRILLIANT.


So in other words, a Great Reset?

We know that is a desired outcome by a powerful faction in this game........... It would not surprise me one little iota if this was some-sort of Kansas City Shuffle.


In order for a confidence game to be a "Kansas City Shuffle", the mark must be aware that he is involved in a con, but also be wrong about how the con artist is planning to deceive him. The con artist will attempt to misdirect the mark in a way that leaves him with the impression that he has figured out the game and has the knowledge necessary to outsmart the con artist, but by attempting to retaliate, the mark unwittingly performs an action that helps the con artist to further the scheme.

[TomKat]

If they can bring down Soros, a notorious short-seller, they'll have done the world a huge favour.

[Jayke]

=======

https://www.breitbart.com/economy/2021/01/29/keith-patrick-gill-gamestop-bull/





Meet The Man Behind The Massive GameStop Rally

Meet Keith Patrick Gill, the 34-year old Massachusetts financial advisor who set off the Wall Street earthquake around GameStop.

Gill is the man behind the YouTube Channel, Roaring Kitty, where he has frequently pitched viewers on investing in GameStop, according to multiple reports. He is also the man responsible for the a string of posts on r/wallstreet bet under the Reddit username DeepF***ingValue, according to reports in the Daily Mail and the New York Times.

This prompted cheers by other posters on the Reddit board.

“IF HES IN WERE IN,” many users announced.

GZTr1-Gp74U
Gill had worked as a financial educator and is reportedly a certified financial analyst, a certification given out by the CFA Institute after a series of tests aimed at measuring competence and integrity of financial analysts.

The New York Times explains that his mother is proud of him:

Mr. Gill did not respond to requests for comment. His online accounts and email addresses were tied to his old office in New Hampshire and his Massachusetts home. Mr. Gill’s mother, Elaine, confirmed in a brief phone call that her son was Roaring Kitty.

“I’m proud,” she said, before hanging up.

Mr. Gill’s life as Roaring Kitty began in 2014 when he started a limited liability company with that name. Before that, he was an All American runner in college who could cover a mile in 4 minutes 3 seconds, according to local newspapers. After graduating, he worked as a chartered financial accountant and a financial wellness educator, a recently deleted LinkedIn profile showed.

Gill’s most recent video was a seven-hour plus livesteam posted last January 22nd, when GameStop was up to $65 a share.

bmwx78rF1xo


=======

https://media.gab.com/system/media_attachments/files/063/805/152/original/8db0ce7708bff85a.jpeg

[rgray222]

=======

https://www.breitbart.com/economy/2021/01/29/keith-patrick-gill-gamestop-bull/

[INDENT][INDENT][INDENT][INDENT] Meet The Man Behind The Massive GameStop Rally

Meet Keith Patrick Gill, the 34-year old Massachusetts financial advisor who set off the Wall Street earthquake around GameStop.

GZTr1-Gp74U
Gill had worked as a financial educator and is reportedly a certified financial analyst, a certification given out by the CFA Institute after a series of tests aimed at measuring the competence and integrity of financial analysts.



Wow, thanks for posting this video. This guy is realistic, enthusiastic, and smart, it is easy to see why so many people decided to take his advice. The players in the financial world are less than pleased with him beating them at their own game. They will either set out to destroy or marginalize him or they might even offer him a key to the back door of their private clubs. We will have to see how it is going to work out. Either way, we probably can expect a Hollywood blockbuster movie to be made sometime in 2021.

[TargeT]

This guy is realistic, enthusiastic, and smart, it is easy to see why so many people decided to take his advice.
.

He was actually laughed at and made fun of for years... all this support is pretty recent

1xPmR4aNgkA

[onevoice]

Geez, I"m reading all this and freaking out on missing all the action.
I have no clue on how all this works and its frustrating me right now..
:-)
I have 400 dollars to spend and I"m all in....lol

Here is simple analogy I saw from a reddit poster how the shorting works:

Melvin borrows 200 Nintendo switches from his school friends, promising them to return each a brand new Nintendo switch and also give them a $10 GameStop gift card. Melvin heard from his brother, who works at the local GameStop that they were getting 200 new Nintendo switches. Melvin’s brother got Melvin a $50 off coupon for an unlimited number of consoles.

So, Melvin collects 200 consoles from his friends and sells them on eBay for $190 each. He pockets $38,000 and pays $4,000 in fees to eBay plus $1,000 to cover shipping costs. Now Melvin has $33,000 that he plans to use to buy 200 new consoles from GameStop at $150 each, which would cost Melvin $30,000. Melvin also promised a $10 gift card to every kid he borrowed the game console from, so that would be another $2,000. Melvin’s is sure he will pocket $1,000 in profit.

[TargeT]

This interview with a hedge fund manager is very comprehensive... apparently all of this is getting a little bit hyperbolic, yes GME is "going to the moon" but the danger is mostly concentrated with just one entity & not the greater market.... it will be big and effect a lot but the financial system isn't really at risk.

This gentleman is very honest and open, his body language is very genuine.

ALN2pvULcr4

if you watch this video you'll fully understand shorting and the GME situation; I'd say this is from the "other side" perspective


(I'm still holding)

[Blastolabs]

I think it important to keep in mind that the core of the group whose communication on reddit and discord spawned all this to happen were not hoping to "make money" by doing this.

At least initially the intention was an attack upon the hedge funds. Many people have made it clear they "were willing to lose $300 bucks to bankrupt some hedge funds."

They fact that their intentions were not based on profit alone is what I believe "glitched" the system in a way that the greedy investors had never even imagined.

[dim]

Until I see the Simpsons episode that predicted this back in the 90s, I am not convinced.

[TargeT]

Until I see the Simpsons episode that predicted this back in the 90s, I am not convinced.

I mean... it's pretty close......


Homer should have held.... the sneaky stock man tricked him into sellinig
13Yd524ZbDU


I'm not selling


This one teaches you to have diamond hands, don't mind the dip, hold till you win!
h-Z8_Mzmqgk


https://twitter.com/mcuban/status/1355170846931886080?s=20


Cuban made another point which we also addressed previously, namely that with millions of new users signing up to r/WallStreetBets where each trader has an average brokerage account of $5,000 (soon to get another $1,400 "stimmy check" infusion), the subreddit has become the world's biggest distributed, decentralized hedge fund with a "hive mind", where all the individual traders coordinate and work as one, and one which can steamroll over virtually any Wall Street veteran. In fact, at this rate, Once WSB has 15 million or so members - which should happen by the end of the week, as it now has a whopping 7 million up from 2 million at the start of the week...


... it will have more monetary firepower than the world's biggest hedge fund (central banks not included) Bridgewater:.

And here's Cuban on this topic too:

The beauty of what has happened with #WSB is that Wall street is learning an expensive lesson that The Way Things Have Always Been Done is not How Things Should Be Done. There is power in numbers working together. Buy and Trade Together can be a whole lot more powerful than old-school buy and hold. Im not saying HODLing stocks is bad. It can be great and have the same impact as HODLing crypto. And the same principals even apply. The number of shares outstanding and their growth is comparable to coins mined (without the algorithmic control).

His full thread is below (source):

Lets talk $GME shorts vs De-Fi. When someone shorts a stock that is already heavily shorted, they have to pay a fee to borrow that stock. In the case of $GME that fee has been hovering around 30% this week. Shorts have to pay (Price x .30)/360 per day. In DeFi thats a 30% APY.

For RH Traders that own $GME that money, as best I can tell, is held in street name. Which means that 30% APR goes 100pct to @RobinhoodApp 😬😬😬. Imagine if you pooled your crypto and the platform was getting 30% APY and didnt pay all but fees to you ? What would happen ?

This is one more way that Wall St takes advantage of the little guy. If you are moving from RH, look to see if you can find some place that allows you to hold the shares and lend them in YOUR name, so you get the Yield (Yield Farming in stocks !). Not all will allow it.

But if they do, one trick that I have been on both sides of is to lend out stock to shorts at a high APY and then call back my shares, which forces the short to cover. Now if #WSB did this en masse, it would be the mother of all short squeezes .

The beauty of what has happened with #WSB is that Wall street is learning an expensive lesson that The Way Things Have Always Been Done is not How Things Should Be Done. There is power in numbers working together. Buy and Trade Together can be a whole lot more powerful than old-school buy and hold. Im not saying HODLing stocks is bad. It can be great and have the same impact as HODLing crypto. And the same principals even apply. The number of shares outstanding and their growth is comparable to coins mined (without the algorithmic control).

If small trades can work together and share information together the power to move stock pricing moves quickly from the analyst on Wall Street to the people working together. There is one VERY IMPORTANT caveat. No amount of trading together can keep a bad company in business.

But if individual traders educate each other and use their combined strength to focus on good companies , with strong prospects, the power shifts from wall street to main street, particularly now that Direct Listings are changing the IPO game. Thoughts ? Comments ?

So for all those wondering how and when GameStop will Stop, and if the squeeze is finally over, as long as iconic figures with a chip on their shoulder and a desire to inflict more pain on Wall Street continue to chime in with perspectives on how to keep the pain up, it is likely that the unprecedented short squeeze mania is not over by a long shot. And furthermore, with borrow costs now at 50%, even in the absence of further painful gains in the stock price the cost of carry alone will force the shorts to cover in the coming days should the price of GME fail to drop.And here's Cuban on this topic too:

The beauty of what has happened with #WSB is that Wall street is learning an expensive lesson that The Way Things Have Always Been Done is not How Things Should Be Done. There is power in numbers working together. Buy and Trade Together can be a whole lot more powerful than old-school buy and hold. Im not saying HODLing stocks is bad. It can be great and have the same impact as HODLing crypto. And the same principals even apply. The number of shares outstanding and their growth is comparable to coins mined (without the algorithmic control).

His full thread is below (source):

Lets talk $GME shorts vs De-Fi. When someone shorts a stock that is already heavily shorted, they have to pay a fee to borrow that stock. In the case of $GME that fee has been hovering around 30% this week. Shorts have to pay (Price x .30)/360 per day. In DeFi thats a 30% APY.

For RH Traders that own $GME that money, as best I can tell, is held in street name. Which means that 30% APR goes 100pct to @RobinhoodApp 😬😬😬. Imagine if you pooled your crypto and the platform was getting 30% APY and didnt pay all but fees to you ? What would happen ?

This is one more way that Wall St takes advantage of the little guy. If you are moving from RH, look to see if you can find some place that allows you to hold the shares and lend them in YOUR name, so you get the Yield (Yield Farming in stocks !). Not all will allow it.

But if they do, one trick that I have been on both sides of is to lend out stock to shorts at a high APY and then call back my shares, which forces the short to cover. Now if #WSB did this en masse, it would be the mother of all short squeezes .

The beauty of what has happened with #WSB is that Wall street is learning an expensive lesson that The Way Things Have Always Been Done is not How Things Should Be Done. There is power in numbers working together. Buy and Trade Together can be a whole lot more powerful than old-school buy and hold. Im not saying HODLing stocks is bad. It can be great and have the same impact as HODLing crypto. And the same principals even apply. The number of shares outstanding and their growth is comparable to coins mined (without the algorithmic control).

If small trades can work together and share information together the power to move stock pricing moves quickly from the analyst on Wall Street to the people working together. There is one VERY IMPORTANT caveat. No amount of trading together can keep a bad company in business.

But if individual traders educate each other and use their combined strength to focus on good companies , with strong prospects, the power shifts from wall street to main street, particularly now that Direct Listings are changing the IPO game. Thoughts ? Comments ?

So for all those wondering how and when GameStop will Stop, and if the squeeze is finally over, as long as iconic figures with a chip on their shoulder and a desire to inflict more pain on Wall Street continue to chime in with perspectives on how to keep the pain up, it is likely that the unprecedented short squeeze mania is not over by a long shot. And furthermore, with borrow costs now at 50%, even in the absence of further painful gains in the stock price the cost of carry alone will force the shorts to cover in the coming days should the price of GME fail to drop.


https://www.zerohedge.com/markets/mark-cuban-presents-little-trick-creating-mother-all-short-squeezes


Someone bought a pro GME billboard in NYC.... hahhaha!!!
https://www.reddit.com/r/wallstreetbets/comments/l8rf4k/times_square_right_now/?utm_source=share&utm_medium=web2x&context=3

https://i.redd.it/tv61zizjkie61.jpg

[onevoice]

BTW, if you use robinihood, find out how to transfer out ASAP, I think there is even a method that doesn't lock up your trades

mMX2Oezb3kI

Be smart about this, it's very difficult and these arrogant established types are acting irrationally ....

I'm in deep, but I'm in for blood, I'd gladly loose all I put into this for the cause.


https://images.app.goo.gl/NA8zb3BtkQWE77Xd7

Are there any other trading platforms beyond Robinhood you’d recommend for getting in on this?

I'm on Fidelity.com, there has not been any restrictions on trading stocks or options so far. Many professionals use the Fidelity platform. Fidelity let you have whole spectrum of investment options: stocks, stock options, mutual funds, Exchange Traded Funds (ETF), Bonds, etc. There is a trading tool called Active Trader Pro which you can download and run it on your PC which graphs real-time performances of your investments. Fidelity also let you do extended hours trading from 7:00 am to 9:30 am before the market opens, and 4:00 pm to 8:00 pm after the market closes during the weekdays.

[uzn]

Redditors made it to a Times Square billboard. “$GME GO BRRR,” blared a digital ad on the corner of 54th and Broadway in Manhattan. The ad ran for an hour.

See it here:
https://twitter.com/disclosetv/status/1355617536029696001

update: just saw that TargeT already posted that

[iota]

there was at least ONE other (besides Roaring Kitty) who thought that GameStop was a good investment ...

Burry, who was portrayed by Christian Bale in the film version of Michael Lewis' book The Big Short, was famously one of the few investors who bet against subprime mortgages before the 2008 financial crisis bet huge in GameStop back in 2019


https://a1cf74336522e87f135f-2f21ace9a6cf0052456644b80fa06d4f.ssl.cf2.rackcdn.com/images/characters_opt/p-the-big-short-christian-bale.jpg


here was the article in August of 2019 from Motley Fool


A Famous Investor Bets Big on GameStop -- but Will It Pay Off?

** SPOILER ALERT **

that's a BIG Yes!

"GameStop (NYSE:GME) lost 90% of its market value over the past three years as mall traffic dried up and digital downloads torpedoed sales of physical games -- which led to fewer trade-ins and sales of preowned games.

The bears claimed that GameStop was the "next Blockbuster," and its ongoing declines supported that thesis. Its revenue fell 13% last quarter (its fourth straight quarter of declining sales), its comps tumbled 10%, and its net income plunged 63%.

GameStop expects its comps to decline 5%-10% for the full year, while analysts expect its earnings to drop 45%. Those declines scared away most of the bulls, but one major investor -- Scion Asset Management's Michael Burry -- is betting big on its recovery."


https://www.azquotes.com/picture-quotes/quote-i-don-t-believe-anything-unless-i-understand-it-inside-out-and-even-if-i-understand-michael-burry-152-24-05.jpg
just gotta love the mind that holds these thoughts ...

The "Big Short" investor goes long

Burry, who was portrayed by Christian Bale in the film version of Michael Lewis' book The Big Short, was famously one of the few investors who bet against subprime mortgages before the 2008 financial crisis.

Burry recently revealed that Scion had purchased a 3% stake in GameStop, three million shares, for $10.6 million. Speaking to Barron's, Burry stated that GameStop's "balance sheet is actually in very good shape," and that sales of new disc-based consoles next year would "extend GameStop's life significantly."

Burry also dismissed the notion that cloud gaming services like Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Stadia would kill traditional consoles, claiming that the situation "looks worse than it really is."

Scion recently sent a letter to GameStop's board, urging the company to repurchase nearly $240 million in shares with its cash on hand. GameStop previously authorized a $300 million buyback plan in April but bought back only about $62.4 million in shares so far.


https://wallstreetnation.com/wp-content/uploads/2019/08/f-44-1200x769.jpg

Does Burry's thesis make sense?
GameStop's balance sheet looks decent, but that's mainly because it sold its Spring Mobile stores to AT&T for $700 million, suspended its dividend to save $157 million per year, slowed down its buybacks, laid off staff, and shuttered stores.

As a result, GameStop reduced its long-term debt by 43% annually to $469 million last quarter, and its cash and equivalents rose 124% annually to $543 million -- which actually exceeds its market cap of about $370 million. GameStop's other valuations also look cheap -- it trades at just two times forward earnings and its price-to-sales and price-to-book ratios are both well below 1.

Burry's claim that Sony's (NYSE:SNE) PS5 and Microsoft's (NASDAQ:MSFT) Xbox "Scarlett" will boost GameStop's hardware sales next year also makes sense, since the demand for the aging PS4 and Xbox One is currently at a cyclical low.

full article here (https://www.fool.com/investing/2019/08/26/famous-investor-bets-big-gamestop-will-it-pay-off.aspx)


PS .. many thanks for the plug!! .. us little iota's sure appreciate it!




We know that is a desired outcome by a powerful faction in this game........... It would not surprise me
one little iota if this was some-sort of Kansas City Shuffle.

[Deneon]

I’m going to try and buy some Monday (depending on what happens at opening)

[happyuk]

Like much of the rest of the world at the moment, I’m still trying to catch up on this one.

The Securities & Exchange Commission (SEC) – is allegedly an investors’ watchdog. Late last night, the SEC announced an investigation into Robin Hood for "blocking stock purchases".

Something that needs a lot of explaining here is that a former Head Honcho at the SEC is also one of the prime movers at RobinHood.

Here are two insider website headlines from today – a Saturday – trying to impress on their audiences the gravity of the situation. Forgetting all technical trading garbage, this is the scale of the threat:

"Something bad is about to go down at Robinhood"
"We may have another 'Lehman Weekend' situation on our hands"

Lehman Brothers was the "bank" (I use that term loosely) that in 2009 got itself saddled with derivatives that JP Morgan and others decided were worthless and thus withheld all liquidity.

It was the start of Crash #1. I remember it well.

Liquidity is once again the serious issue here. As an experienced manager said

"In a nutshell the settlement issues at Robinhood could spill over into the clearing system which is very poorly capitalised by all accounts, and we could be facing another bail out, but much much bigger."

I think it's too early to say if he is right. If this becomes more widely understood, then we will have an institutional panic on our hands. We have learned nothing from 2009 and these people add zero benefits to the wealth-creating economy.

[TargeT]

I’m going to try and buy some Monday (depending on what happens at opening)

It won't break out Monday, I mean it could but I highly doubt it

[Olam]

I’m going to try and buy some Monday (depending on what happens at opening)

It won't break out Monday, I mean it could but I highly doubt it

So Target, just for fun, it could help me get it...
Knowing what you know now, if you could jump in a time machine and go back one day before it all started, what would you do?

:-)

[TargeT]

I’m going to try and buy some Monday (depending on what happens at opening)

It won't break out Monday, I mean it could but I highly doubt it

So Target, just for fun, it could help me get it...
Knowing what you know now, if you could jump in a time machine and go back one day before it all started, what would you do?

:-)

it hasn't started yet, so..... ?

I am very deep in this position currently, I have about 702 shares in play & I bought @ 200ish per share.. .I'd buy more if I could but I'm tapped out...

I have other investments to "trade" with...........

I"m not selling GME, these hedge funds need this pain.

ntEtKidzr2U

[Olam]

ok thanks for that, well I have to say, I'm clueless then, I really don't get it.
Anyhow no worries, I guess its best I stay out of this as I would probably loose everything.
lol

[Anchor]

ok thanks for that, well I have to say, I'm clueless then, I really don't get it.
Anyhow no worries, I guess its best I stay out of this as I would probably loose everything.
lol

The people playing this game don't care about loosing. Many have taken back there initial investments but not profits, and are leaving the balance for the sole purpose of harming "Shorty"

https://twitter.com/elonmusk/status/1354891972406865922

The above tweet from @elonmusk on the 29th reads:

"Here come the shorty apologists
Give them no respect
Get Shorty"

I'd love to know if Elon dropped some money into GME, does anyone know?

[Bluegreen]

http://gonewiththetwins.com/new/wp-content/uploads/2016/09/getshorty.jpg

[iota]

So the MM have to buy 9.3 million shares next week. Citadel is about to squeeze themselves!

Since the Citadel (which owns the Robin Hood app) has shorted 9.3M shares they will have buy back the 9.3 million shares next week to cover their calls, if they don't want to have to pay the interest to borrow the stock. From the volume action toward the end of today, it looks like Citadel chose not to cover their call options.



45979


thanks Onevoice for making this point! ... THIS will actually be one of THE important points that WILL be covered extensively in the fallout of all of this

they do NOT exactly "own" it .. but the WAY that Robin Hood is able to offer their service for FREE is through payment BY Citadel for their order flow

in this case their customer is actually Citadel NOT the retail buyers of shares.

As you can read here (https://www.institutionalinvestor.com/article/b1m2p1cv68bx56/Twitter-Freaked-Out-Over-Robinhood-Selling-Its-Trade-Flow-But-the-App-and-Others-Have-Been-Doing-It-for-Years), Citadel buys the Robinhood order flow which according to CNBC is why trades are free on Robinhood.

according to World News Era:

"Robinhood routes more than half of its customer orders to Citadel, by far its largest market-making partner by volume, Robinhood disclosures show. The app also works with Virtu, G1 Execution Services, Wolverine and Two Sigma."

very interesting full article here (https://worldnewsera.com/news/entrepreneurs/robinhood-and-citadels-relationship-comes-into-focus-as-washington-vows-to-examine-stock-market-moves/)

"And Ken Griffin of Citadel LLC, Who Owns Citadel Hedge Funds, to rescue the hedge fund of Melvin Capital, investing $2.75 billion after the companies suffered a loss of 30% in the first three weeks."

article here (https://www.dodbuzz.com/who-owns-citadel-hedge-fund/)

now THAT too is misleading because the way it is worded (suffered ~ past tense) is AS IF it was done, over. when it is not.

basically:

"On Thursday, Robinhood announced that it was restricting trading for the stocks that were being "short-squeezed" and investors would only be able to close their positions. This meant that traders would only be able to sell the stocks and not be able to purchase additional shares, causing the stocks to nosedive (the price of GME has halved today, dropping from $462.42 to $193.60 as of the time of publication).

Robinhood CEO Vlad Tenev said the company's decision to restrict trading in the stocks was "to protect the firm and protect our customers we had to limit buying in these stocks."


https://nypost.com/wp-content/uploads/sites/2/2021/01/Robinhood_protestor.jpg?quality=90&strip=all&w=1200

Does Citadel Own Robinhood and Melvin Capital?

This led to outrage among retail traders who accused Robinhood of "manipulating the market" and even led Ted Cruz and Alexandria Ocasio-Cortez to agree on something. Amid the outcry, Twitter users pushed the claim that Robinhood was owned by Citadel and that it also owns Melvin Capital, which would benefit from a fall in GME's price."

rumors began to swirl that Robin Hood was OWNED by Citadel who in turn owned Melvin


https://twitter.com/shane_riordan/status/1354786445668610049

"On Monday, Melvin Capital announced that it received an investment to the tune of 2.75 billion from Citadel and Point72 Asset Management, which according to the Wall Street Journal was an "emergency influx of cash" to "stabilize" the "hard-hit" firm.

Therefore, Citadel does have a stake in the investment management company.

However, as far as the claim of ownership of Robinhood is concerned, we can confirm that Citadel does not own the trading platform. According to a June Financial Times report, $39 million of Robinhood's revenues from equities and options order flow came from Citadel Securities, a subsidiary of Citadel. This made up more than 35% of the platform's trading revenues at the time.

According to Investopedia, Robinhood is a discount brokerage that offers commission-free trading through its website and mobile app and generates its income from payments for order flow. In simpler terms, Citadel is one of the trading platform's biggest customers. Therefore, the claim that the company founded by billionaire Ken Griffin owns Robinhood can be flagged as "untrue."

source here (https://www.ibtimes.sg/citadel-owns-robinhood-theory-claims-capital-firm-halted-trading-platform-it-owns-hedge-fund-55226)

SO ... THIS is what they did:

according to Truth or Fiction:

"On January 27 2021, CNBC and other financial outlets reported that Melvin Capital “succumbed” to the short squeeze, closing out their positions at a loss and “ending” what was described as a “raid” on GameStop short sellers:



Melvin Capital, hedge fund targeted by Reddit board,
closes out of GameStop short position Melvin Capital closed out its short position in GameStop on Tuesday afternoon [January 26 2021] after taking a huge loss, the hedge fund’s manager told CNBC’s Andrew Ross Sorkin.

and



CNBC could not confirm the amount of losses Melvin Capital took on the short position. Citadel and Point72 have infused close to $3 billion into Gabe Plotkin’s hedge fund to shore up its finances.

CNBC’s article was shared to YCombinator’s Hacker News forum, where the top-level commenters disputed Melvin Capital’s claims to CNBC:



“So, from what I understand (I did not do the maths myself), despite Gamestop being the most traded stock right now, not enough has moved in the premarket for Melvin Capital to actually close their position when they claimed they did. It seems a very dubious claim.”

“There is no evidence that is true, and short interest is still above 130% so it sounds like a lie to discourage additional buying of gme[.]”

“they most likely sold the position from melvin capital to another entity to hold the risk. that way melvin capital can say “oh yeah we caved in haha reddit wins” to try and calm the market, but I would wager that some private citadel fund is now about to be forced to fellate the reddit call pump[.]”

That sentiment was echoed on threads on r/wallstreetbets, where users speculated that Melvin Capital could not have “have closed entirely in premarket, theyre using scare tactics (ILLEGALLY) to drive the price down.”

A @business tweet published at 9:15 AM (15 minutes before markets opened) reiterated the claim, and comments on the tweet almost entirely disputed the assertion as mathematically unsupported:

When Bloomberg tweeted:


"Melvin Capital and Citron Capital closed out of their short positions
on GameStop, as the firms succumbed to the stock’s meteoric ascent"



this was IMMEDIATELY identified as FAKE NEWS!


https://twitter.com/almmaasoglu/status/1354433573508567050

A thread on r/investing (since removed but archived) addressed the claim as if Melvin Capital was necessarily lying about having closed their short position:


45977

Originally, it read:

"Apparently Melvin Capital has lied about their announcement today [Wednesday January 27 2021] about closing their shorts yesterday (Tuesday [January 26 2021]). People have said they were lying because of the lack of change of volume in shares.

Obviously pre market prices are changing due to the news… but what would actually happen if they are actually caught lying? They’re still f’ed as they want the share price below $60… but it is way above that right now. Is this a last ditch effort?"


45978

does everyone get that??

remember the old saying:


"if it is FREE? then YOU are the product"

they absolutely DESERVE to be brought down!

the system IS absoiutely rigged!

AND everyone, except the trusting public has KNOWN all along

in other words, when people use the RH app to purchase shares? the order is NOT put in immediately by RH .. its not put in there by them AT ALL

it goes THROUGH Citadel or one of the others i listed above.

this process is called order flow remember that term .. that is how we have been betrayed

CITADEL is ALSO buying shares!

so ... if Citadel KNOWS what everyone is buying BECAUSE RH gives them THAT info? THEN they CAN and HAVE used that info to identify the trends and use that info to THEIR advantage

if that is not "insider trade info"? i most certainly do not know what would be!

:facepalm:

PS

so NOW? all of this is coming out in the open! they won't be able to do this anymore, and everyone will know .. that while they were purchasing shares? Citadel and others were watching through order flow ... and THAT is how they were always ahead of the game ... easy if you know ahead of time what "hand another is playing"

this will not be allowed any more, because the people have now FORCED it to be exposed!

and the way i see it? they literally OWE the billions they will lose ~ and the people will make ~ to THE PEOLPLE!! ... absolutely they do!

:shielddeflect:

[pueblo]

......

45980

[Olam]

......

45980

Thats what I thought that its a bit late to join in the fun.

[pueblo]

Delicious tears.

Billionaire CRIES on National TV Because POOR PEOPLE Made MONEY Buying GameStop Stock (GME)

nhd0ppxRRlo


*** Edit: Looks like this clip is from a few years ago and he was actually crying over introduction of wealth tax. Still delicious.

[mountain_jim]

I have been following this story from SM and ZeroHedge, but since Friday my interest switched to the possibly next 'play' being talked up - Silver, as I have maintained some savings in Sprott's Physical Silver for years (PSLV)

https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/?utm_medium=android_app&utm_source=share

https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver



"Everyone Is Afraid Ahead Of The Open" - Reddit-Raiders Spark Nationwide Physical Silver Shortage

Update (1100ET): For some background on just how unprecedented this weekend's action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):

In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).

However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the "US Mint will be on allocation for the remainder of Type 1" (Current Silver Eagle Design).

Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history.

And, perhaps most importantly, as QTR tweets so succinctly, "this is a red pill moment for many, and it's beautiful."




I was able to order some physical yesterday morning from the above mentioned location before all the online sellers stopped taking orders, I hope they honor the transaction and price.

All the main online sellers, including Apmex,now showing messages such as this one.



Update: Due to unprecedented silver demand, we are unable to accept any additional orders until the market opens Sunday evening.

[marielle]

This situation with silver is getting interesting:

https://twitter.com/ArcadiaEconomic/status/1355899341882458113

#SilverSqueeze is trending on Twitter:

https://twitter.com/tyler/status/1355879360591499266

[iota]

I have been following this story from SM and ZeroHedge, but since Friday my interest switched to the possibly next 'play' being talked up - Silver, as I have maintained some savings in Sprott's Physical Silver for years (PSLV)

https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/?utm_medium=android_app&utm_source=share

https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver



"Everyone Is Afraid Ahead Of The Open" - Reddit-Raiders Spark Nationwide Physical Silver Shortage

Update (1100ET): For some background on just how unprecedented this weekend's action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):

In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).

However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the "US Mint will be on allocation for the remainder of Type 1" (Current Silver Eagle Design).

Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history.

And, perhaps most importantly, as QTR tweets so succinctly, "this is a red pill moment for many, and it's beautiful."




I was able to order some physical yesterday morning from the above mentioned location before all the online sellers stopped taking orders, I hope they honor the transaction and price.

All the main online sellers, including Apmex,now showing messages such as this one.



Update: Due to unprecedented silver demand, we are unable to accept any additional orders until the market opens Sunday evening.


wow ... i saw it yesterday as well and almost bought through WEbull

BUT

then i saw they too make $$ through the dreaded form of BETRAYAL to us public ~ Order Flow

meaning they release OUR purchasing information to the GIANTS millionaires, ,... err ... sorry ... billionaires .. AHEAD of time .. AHEAD of OUR purchases going through

ALLOWING them to adjust their strategies and profit off of US


THIS is the practice that the public needs to DEMAND come under scrutiny
and the reason the public DESERVES the billions they have quite literally stolen all this time from us

soooo .. i didn't buy intending to see if anyone knows of a brokerage that does NOT engage in this practice

if so? ... i may not make money in Silver ...

but i'm willing to LOSE a thousand to help the cause of Game Stop

it was my son's ALL time fav ... the little guy would have made a killing and not cared to lose it all ..

he was genuine, authentic and of pure heart in that way ...

so where can i go to donate without order flow?

[TargeT]

GME is exposing how WallStreet has been taking advantage of the "little guy" and destroying businesses for years.... this is so epic... finally light is being shed on the elites.

LBEufbIf7sE



This is a super low effort way to help change the world.

Buy a share and forget about it, never sell... you will help expose how the corrupt financial system...

GME is the worst case of naked short selling (shorting shares that don't exist, very illegal).... it's so bad, so huge that they were willing to loose 80billion last week and this week is going to be worse.



HELP CHANGE THE WORLD!


Everyone knows it's a shady situation... even this guy who is shorting GME as a technical trader... he can't help but admit it's being manipulated.

snTN7mOSxwY

[Jayke]

#silversqueeze

Tom Luongo goes over the markets. Says one silver broker has been getting 400-500 email requests a day for the past week, and the trend is still in its infancy.

C_Twhkv6DoU


Market Report: 1/31/2021 - All Hail the #ShortSqueeze
This week I try to tell the story of how disruptive the pending #shortsqueeze in Silver could be. We'll know in a matter of hours.

This is exactly what the bankers needed to realize in their greed and their supposed omnipotence, that you can only control the game for so long. Once you break the 'rational investor' model and everyone goes into full "Joker-mode" things won't end until everything burns.

Never, ever go full retard is such good advice. But, power and wealth make people stupid and lazy.

Welcome to the Counter-Revolution.

[onevoice]

......

45980

Thats what I thought that its a bit late to join in the fun.

If you don't have money that you are willing to risk to buy GME stock, you can join the adventure vicariously. All you have to do is register for an account on TDAmeritrade (https://www.tdameritrade.com/tools-and-platforms/thinkorswim/desktop.page), then use either the web or PC based (Mac not supported) ThinkorSwim application. Then you can do simulated trades using simulated paperMoney. You will start out with $200,000 in your paperMoney account and trade like anybody else with real account.

[uzn]

https://img-9gag-fun.9cache.com/photo/aP3GzPP_460svvp9.webm

[onevoice]

#silversqueeze

Tom Luongo goes over the markets. Says one silver broker has been getting 400-500 email requests a day for the past week, and the trend is still in its infancy.

C_Twhkv6DoU


Market Report: 1/31/2021 - All Hail the #ShortSqueeze
This week I try to tell the story of how disruptive the pending #shortsqueeze in Silver could be. We'll know in a matter of hours.

This is exactly what the bankers needed to realize in their greed and their supposed omnipotence, that you can only control the game for so long. Once you break the 'rational investor' model and everyone goes into full "Joker-mode" things won't end until everything burns.

Never, ever go full retard is such good advice. But, power and wealth make people stupid and lazy.

Welcome to the Counter-Revolution.

Years ago I diverted a portion of my main IRA into a specialized self directed IRA (SDIRA) in which I can purchase precious metals that are held for me in a commercial vault. If you have an SDIRA holding precious metals, the rules says you can not be in possession of them; a separate qualified commercial entity has to hold them for you for annual depository fee. SDIRA can also be held to trade real property such as land or houses as well. I currently hold significant ounces of physical gold bars and lots of silver bars in the SDIRA. I also have a two 100 ounce silver bars in my possession as well as assortment of vintage coins with at least 90% silver content. I plan to hold all these for at least 20 years before liquidating them. These are my failsafe investments in case our government decide to reset our US financial system.

[mountain_jim]

https://media.gab.com/system/media_attachments/files/063/672/220/original/ac6678a077c57597.jpeg

[TargeT]

https://media.gab.com/system/media_attachments/files/063/672/220/original/ac6678a077c57597.jpeg



This is the way

[iota]

just checking to see if anyone has a tip as to who does NOT operate through "order flow"?

and reminder ... as the news will surely NOT point out .. that "order flow" divulges the movement of shares AS intended (because since the transaction is now given to the likes of CITADEL who ALSO compete)

it gives them "heads up" on what is coming which has allowed them to ALWAYS win

sort of ... no ... scratch that ..

EXACTLY like seeing your opponents hand BEFORE making your next play

except the play is used to make BILLIONS and WE are the ones who lose ....

so?

any one know who doesn't use it? or if DIRECT purchase is available from Game Stop?

[TargeT]

just checking to see if anyone has a tip as to who does NOT operate through "order flow"?

and reminder ... as the news will surely NOT point out .. that "order flow" divulges the movement of shares AS intended (because since the transaction is now given to the likes of CITADEL who ALSO compete)

it gives them "heads up" on what is coming which has allowed them to ALWAYS win

sort of ... no ... scratch that ..

EXACTLY like seeing your opponents hand BEFORE making your next play

except the play is used to make BILLIONS and WE are the ones who lose ....

so?

any one know who doesn't use it? or if DIRECT purchase is available from Game Stop?

honestly doesn't matter at this point as long as you just HOLD... they can't leverage that information or your shares if you don't sell


at this point it seems clear that there is a huge amount of naked shorts (very illegal) (https://www.reddit.com/r/wallstreetbets/comments/l9jbc5/listen_to_me_we_cannot_trust_the_short_interest/?utm_medium=android_app&utm_source=share) so we can impact this very easily by holding our shares and not selling, GME is a once in a life time opportunity, nothing else is similar currently and I think the lesson this movement will teach will end the possibility of this happening again.

[Anchor]

I have read two concerning things

1) The co-incidental and likely engineered hype of Silver

2) Citadel own a lot of Silver

So would the pump in silver help Citadel cover losses?

There is a lot of conflicting information on how many of the 140% shorts have now been covered.

--

Also, check out this superbly written thing on https://isthesqueezesquoze.com/



the squeeze has not been squoze.

Public Service Announcement

This is not a game. The people who originated this meme like to have fun with stupid stock bets, we like to pretend we're monkeys throwing darts, but though we enjoy talking like idiots, we actually do know the difference between delta and theta. We understand what role a clearinghouse performs. We were playing GME weeks ago, at $10-$50, as it became clear that DFV was actually right. We put in money we could afford to lose, because we knew we were speculating on a potential short squeeze.

If these statements don't describe you - if you don't know options greeks, if you don't understand how the market works, and especially if you are gambling with money that would cause you problems if you didn't have it anymore - then pull your head out of your ass, return to the real world with your real obligations and expenses, and don't increase your exposure any more. There's an emotional high in gambling, especially when you're doing it with lots of other euphoric people. Don't let it screw up your life.

This is not an epic crusade to get retribution on the financial sector for its reckless greed and the damage it's done to people's lives. It's just a stock play, undertaken to make money off of some hedge funds who got caught in an overexposed position. The financial industry as a whole does not care. This is just a blip on its radar.

Anyway, here's the update.
the situation (1/31 8 PM ET):

short interest:

30m (58% of float) by S3 Shortsight preliminary weekend data (1/31), 57.83m (113.31% of float) by S3 Shortsight (1/29), 38.6m (65.64% of float) by Ortex (1/28)
short share public availability:

0 (Interactive Brokers)
short share public borrow rate:

18.88 (Interactive Brokers)
Shorts appear to be exiting their positions. There's a lot of speculation about how this is happening, or whether it is truly happening at all - there are tactics that can be used to "counterfeit" stock or manipulate disclosed short short interest - but the short interest numbers we've been following all along are definitely trending down.
how often is this site updated? As often as the data is updated. Typically this is daily, before market open.

wat

OK, listen up, you late-to-the-party, crayon-eating homunculus, here's what's going on:

Over the past year, hedge fund supervillains have made money by selling shares of Gamestop they don't actually own - they've just borrowed them. Short selling. If they sell enough they can drive the price down so far that when they eventually need to return the shares they borrowed, they can get them cheap. It's free money. They throw a couple hundred mil at this, chill in their offices watching live video feeds of homeless people being exsanguinated on the hoods of their vintage sports cars, write up an investor report, and call it a fiscal year.

They borrowed and sold a record amount - they sold more shares, in fact, than are actually traded, far more than Gamestop's float. This shouldn't have been allowed to happen and probably means they were selling shares they never even bothered to borrow - naked shorts. (Where were you on that one, SEC?) Essentially, they were simultaneously betting on Gamestop going bankrupt and doing their best to drive them into bankruptcy. It's a good tactic when you need to find a way to pay for your old wife's alimony and your new wife's poolboy.

But it presents an opportunity for the savvy degenerate gambler. Because these shares eventually need to be returned - after all, it does cost these funds money to borrow a share. And the higher the price goes, the more unstable it becomes, the more it costs to borrow. This means that at some point, they need to buy back those borrowed shares they sold.

All 140% of them.

So our visionary gambler, if they were to invest in Gamestop, would have a guaranteed buyer for their shares. And if millions of fellow degenerates were to ask their mother for an advance on their allowance so that they could buy Gamestop, too -

And then, if a famous e-commerce CEO were to buy a ton of Gamestop shares, join the board, and announce they're going to be a big company again by doing internet things and esports and radical new stuff -

And then, if a truly insane amount of call option buying - don't worry about it if you don't know - were to force market makers to rapidly buy up a ton of shares to fulfill all those options they sold in a wild phenomenon called a gamma squeeze that's basically the stock equivalent of an atmospheric microburst, suddenly spiking Gamestop's price to unheard-of levels -

- hang on, I need a new pair of pants -

Well then you'd have the perfect conditions for a short squeeze. The price is insanely high. There's a whole street of funds with deep pockets who absolutely must find a way to buy all those insanely expensive shares. And by buying them - 140% of the amount traded! - they're going to drive up the price even more. So one day, a fund will run out of money paying interest on their borrowed shares, and they'll have to drive GME's price through the roof buying enough shares to give them back. And as the price climbs, other short holders are going to be required to cover their borrowed shares by buying them. It's a runaway reaction where the more it happens, the more it happens. You know, one of those cute little phenomena like virus spread. Or nuclear bombs.

So who are they buying from? That's right. At what price are they buying? Well, that depends.

Hedge fund managers holding GME shorts would really, really like to convince GME stock holders to sell them some shares right now, before it climbs any higher, so that they can return the shares they borrowed and get out before they get steamrolled into bankrupcy. And they've got lots of tools at their disposal to do this: they can pump up other stocks to create FOMO, causing GME holders to sell their shares to go chase some shiny new meme. They can hire PR companies to astroturf these stocks on Elon Musk fan clubs and gambling forums. They can buy up shares and then, after trading hours are over, sell them in progressively cheaper tranches to drive down the stock price. They can wipe the hobo blood off their wattle and go cry on television about how they're being bullied. They can call up their investors, like Citadel, the company who processes all your orders, and tell them to stop letting people buy Gamestop while they try to drive the price down. They have, in fact, tried all of these things. But it hasn't worked - GME's price is higher than ever. It's out of control, now - there are too many people involved. There are other institutions involved, trying to extract maximum profit out of the shorts. The meme has reached critical mass.

Now it's a classic million-player prisoner's dilemma: every GME holder has visions of selling their shares for unlimited chicken tendies and cocaine dipping sauce. Maybe they think they alone can sell, while everyone else can continue to drive the price up by holding. But if every degenerate gambler thought this way, and sold their shares, very quickly the short squeeze wouldn't happen. Short holders would buy up all the shares being sold at a painful but manageable loss, they would cover their position, and the nuke would never be detonated.

What's a prisoner in this dilemma to do? At last, the point arrives. To avoid selling too early, the savvy degenerate gambler would wait until short interest - the amount of shares shorted out there - started to decline substantially. As long as nobody was defecting, nobody selling early, that decline in shares shorted would come with a spike in the price of the stock, as the few shares available are bought at astronomical prices. And this decline in shares shorted would distinguish this spike from gamma squeezes or regular old stock run-ups.

Then and only then, as the nuke goes off, the stock price ascends past Alpha Centauri, and the short interest finally starts declining, the short squeeze has begun. And then it's every gambler for themself.
resources:

do your own research you apes, don't rely on me

s3 shortsight (subscription)
ortex short interest (trial + subscription)
fintel short shares availability
iBorrow short shares borrow rates
Interactive Brokers borrow availability (free trial)

by jp

@inflammateomnia

I am not a financial advisor and none of this is financial advice

do your own research and come to your own conclusions

[DaveToo]

I don't know if this has been explained yet. TargeT keeps explaining the importance of holding the stock and not selling it.
If the Hedge Fund shorters want to close their position they will have to buy a lot of shares.

If you don't want to sell your shares (that means only a few shares will be bought) you are in the driver's seat as far as the stock price goes.

For every share of stock bought a share of stock must be sold.

So if the GME stock price for argument sake is now $328, and basically no one is willing to sell, then you could put in a sell price for a few shares at $385 or $390. That would immediately drive up the price to $385 or $390 as the shorters are scrambling to buy back as much stock as possible.

etc. etc.

[TargeT]

I have read two concerning things

1) The co-incidental and likely engineered hype of Silver

2) Citadel own a lot of Silver

So would the pump in silver help Citadel cover losses?

There is a lot of conflicting information on how many of the 140% shorts have now been covered.

--

Also, check out this superbly written thing on https://isthesqueezesquoze.com/



the squeeze has not been squoze.

Public Service Announcement

This is not a game. The people who originated this meme like to have fun with stupid stock bets, we like to pretend we're monkeys throwing darts, but though we enjoy talking like idiots, we actually do know the difference between delta and theta. We understand what role a clearinghouse performs. We were playing GME weeks ago, at $10-$50, as it became clear that DFV was actually right. We put in money we could afford to lose, because we knew we were speculating on a potential short squeeze.

If these statements don't describe you - if you don't know options greeks, if you don't understand how the market works, and especially if you are gambling with money that would cause you problems if you didn't have it anymore - then pull your head out of your ass, return to the real world with your real obligations and expenses, and don't increase your exposure any more. There's an emotional high in gambling, especially when you're doing it with lots of other euphoric people. Don't let it screw up your life.

This is not an epic crusade to get retribution on the financial sector for its reckless greed and the damage it's done to people's lives. It's just a stock play, undertaken to make money off of some hedge funds who got caught in an overexposed position. The financial industry as a whole does not care. This is just a blip on its radar.

Anyway, here's the update.
the situation (1/31 8 PM ET):

short interest:

30m (58% of float) by S3 Shortsight preliminary weekend data (1/31), 57.83m (113.31% of float) by S3 Shortsight (1/29), 38.6m (65.64% of float) by Ortex (1/28)
short share public availability:

0 (Interactive Brokers)
short share public borrow rate:

18.88 (Interactive Brokers)
Shorts appear to be exiting their positions. There's a lot of speculation about how this is happening, or whether it is truly happening at all - there are tactics that can be used to "counterfeit" stock or manipulate disclosed short short interest - but the short interest numbers we've been following all along are definitely trending down.
how often is this site updated? As often as the data is updated. Typically this is daily, before market open.

wat

OK, listen up, you late-to-the-party, crayon-eating homunculus, here's what's going on:

Over the past year, hedge fund supervillains have made money by selling shares of Gamestop they don't actually own - they've just borrowed them. Short selling. If they sell enough they can drive the price down so far that when they eventually need to return the shares they borrowed, they can get them cheap. It's free money. They throw a couple hundred mil at this, chill in their offices watching live video feeds of homeless people being exsanguinated on the hoods of their vintage sports cars, write up an investor report, and call it a fiscal year.

They borrowed and sold a record amount - they sold more shares, in fact, than are actually traded, far more than Gamestop's float. This shouldn't have been allowed to happen and probably means they were selling shares they never even bothered to borrow - naked shorts. (Where were you on that one, SEC?) Essentially, they were simultaneously betting on Gamestop going bankrupt and doing their best to drive them into bankruptcy. It's a good tactic when you need to find a way to pay for your old wife's alimony and your new wife's poolboy.

But it presents an opportunity for the savvy degenerate gambler. Because these shares eventually need to be returned - after all, it does cost these funds money to borrow a share. And the higher the price goes, the more unstable it becomes, the more it costs to borrow. This means that at some point, they need to buy back those borrowed shares they sold.

All 140% of them.

So our visionary gambler, if they were to invest in Gamestop, would have a guaranteed buyer for their shares. And if millions of fellow degenerates were to ask their mother for an advance on their allowance so that they could buy Gamestop, too -

And then, if a famous e-commerce CEO were to buy a ton of Gamestop shares, join the board, and announce they're going to be a big company again by doing internet things and esports and radical new stuff -

And then, if a truly insane amount of call option buying - don't worry about it if you don't know - were to force market makers to rapidly buy up a ton of shares to fulfill all those options they sold in a wild phenomenon called a gamma squeeze that's basically the stock equivalent of an atmospheric microburst, suddenly spiking Gamestop's price to unheard-of levels -

- hang on, I need a new pair of pants -

Well then you'd have the perfect conditions for a short squeeze. The price is insanely high. There's a whole street of funds with deep pockets who absolutely must find a way to buy all those insanely expensive shares. And by buying them - 140% of the amount traded! - they're going to drive up the price even more. So one day, a fund will run out of money paying interest on their borrowed shares, and they'll have to drive GME's price through the roof buying enough shares to give them back. And as the price climbs, other short holders are going to be required to cover their borrowed shares by buying them. It's a runaway reaction where the more it happens, the more it happens. You know, one of those cute little phenomena like virus spread. Or nuclear bombs.

So who are they buying from? That's right. At what price are they buying? Well, that depends.

Hedge fund managers holding GME shorts would really, really like to convince GME stock holders to sell them some shares right now, before it climbs any higher, so that they can return the shares they borrowed and get out before they get steamrolled into bankrupcy. And they've got lots of tools at their disposal to do this: they can pump up other stocks to create FOMO, causing GME holders to sell their shares to go chase some shiny new meme. They can hire PR companies to astroturf these stocks on Elon Musk fan clubs and gambling forums. They can buy up shares and then, after trading hours are over, sell them in progressively cheaper tranches to drive down the stock price. They can wipe the hobo blood off their wattle and go cry on television about how they're being bullied. They can call up their investors, like Citadel, the company who processes all your orders, and tell them to stop letting people buy Gamestop while they try to drive the price down. They have, in fact, tried all of these things. But it hasn't worked - GME's price is higher than ever. It's out of control, now - there are too many people involved. There are other institutions involved, trying to extract maximum profit out of the shorts. The meme has reached critical mass.

Now it's a classic million-player prisoner's dilemma: every GME holder has visions of selling their shares for unlimited chicken tendies and cocaine dipping sauce. Maybe they think they alone can sell, while everyone else can continue to drive the price up by holding. But if every degenerate gambler thought this way, and sold their shares, very quickly the short squeeze wouldn't happen. Short holders would buy up all the shares being sold at a painful but manageable loss, they would cover their position, and the nuke would never be detonated.

What's a prisoner in this dilemma to do? At last, the point arrives. To avoid selling too early, the savvy degenerate gambler would wait until short interest - the amount of shares shorted out there - started to decline substantially. As long as nobody was defecting, nobody selling early, that decline in shares shorted would come with a spike in the price of the stock, as the few shares available are bought at astronomical prices. And this decline in shares shorted would distinguish this spike from gamma squeezes or regular old stock run-ups.

Then and only then, as the nuke goes off, the stock price ascends past Alpha Centauri, and the short interest finally starts declining, the short squeeze has begun. And then it's every gambler for themself.
resources:

do your own research you apes, don't rely on me

s3 shortsight (subscription)
ortex short interest (trial + subscription)
fintel short shares availability
iBorrow short shares borrow rates
Interactive Brokers borrow availability (free trial)

by jp

@inflammateomnia

I am not a financial advisor and none of this is financial advice

do your own research and come to your own conclusions

the silver pump is largely from Reddit... and they are "hold" maniacs..... so I'm not sure, but yes you are absoulutely correct... this could be a counter move in desperation to try and safe the fall of GME.


that's why I'm 90% focused on GME... I want this to happen, it's needed...

already more people have looked into the stock market and how high finance works than before... this is already doing amazing things..

This is probably one of the most impactful thing's i have participated in over my life... this will have further reaching change than anything I've done.

I'm proud to be HOLDer.

however,... silver is industrially used and very well could go up... I think 35+ is reasonable... it's heavily shorted and a "industrial" metal as well (so its used in solar panels and other things etc...).


UPDATE:

Slvr price is falling pre market... Hmmm... same pattern as GME..... lol we'll see what tomorrow brings!

[TargeT]

hahah, this is awesome!

BAkwEX1R6b4

[Anchor]

hahah, this is awesome!



Coming soon to an AMC near you

Now that line is comedy gold....

[Anchor]

For those interested in how this really works and how deep the rabbit hole goes, here is a decent write-up of how this shorting attack fraud works and why it has continued to work.

http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html

Here is a graphic from the article I linked to above

http://counterfeitingstock.com/CS2.0/IcebergArtFinal-1.jpg

This is another aspect of the swamp draining, so much hidden.

[TargeT]

Great video of the guy who discovered the GME shorts last summer

dZm6IloO-sI

[iota]

Looks like WE the People succeeded in making the 1% stand at attention and take notice!!

now the Futures Trading Commission is keeping an eye out on Silver ...


https://twitter.com/disclosetv/status/1356360522409639936

could it be we made them a tad nervous or something?

:shielddeflect:

[TargeT]

Today's trading volume on GME proved that WE ARE HOLDING even through the large short ladder attacks (more illegal action by the shorts)

This has gotten so big...

iiynQuBFqBk

[Olam]

Today's training volume on GME proved that WE ARE HOLDING even through the large short ladder attacks (more illegal action by the shorts)

This has gotten so big...

iiynQuBFqBk

Whhaaaaa!!
That is so great and yes, it does convey the mood.
Ahh man, wish I had a suit too...
Amazing how a suit changes the look, that Janet is no way fit to fight like that....lol

[DaveToo]

Today's trading volume on GME proved that WE ARE HOLDING even through the large short ladder attacks (more illegal action by the shorts)

This has gotten so big...



That's funny, I was going to comment on a possible Freudian slip and when I hit the reply button, the exact word I was going to comment on had changed!

In your post you wrote 'training' volume, and in my quote here it changed to 'trading' volume! :)

Anyway, beyond that...
I checked the stock price today but didn't check the volume.
Was the volume down?
What do you make of today's trades? Who was trading?
Who was bringing the price down and how?
Do you think there is hanky panky going on right now?
How long can they play their games before this takes off again?

[TargeT]

The motivation... the education... nothing about GME is a loss for "we the people"....

I love seeing stuff like this

Z9zV5ZGJmH8


It's so important for younger people to understand finance ... this movement is so useful / educational / inspirational.




Today's trading volume on GME proved that WE ARE HOLDING even through the large short ladder attacks (more illegal action by the shorts)

This has gotten so big...



That's funny, I was going to comment on a possible Freudian slip and when I hit the reply button, the exact word I was going to comment on had changed!

In your post you wrote 'training' volume, and in my quote here it changed to 'trading' volume! :)

Anyway, beyond that...
I checked the stock price today but didn't check the volume.
Was the volume down?
What do you make of today's trades? Who was trading?
Who was bringing the price down and how?
Do you think there is hanky panky going on right now?
How long can they play their games before this takes off again?

it was strangely appropriate... is that intuition taking over when I type? haha


Volume today was 1/20th AMC volume... it was extremely low & if you look at the sales contracts it was mostly done in bulks of 100 shares (typical inter hedge fund trading style)... we just saw a huge short ladder attack which most likely included the creation of more "naked shorts"... which is just BETTER for us that hold

we are tracking the VW squeeze charts pretty accurately ... soon several large edge funds will have to spend billions to cover...... finally justice for all the businesses they tried to short sell to oblivion.

heavy proof of naked shorts here from an experienced investor (https://www.reddit.com/r/wallstreetbets/comments/lalucf/i_suspect_the_hedgies_are_illegally_covering/)

I've grown to really like this channel as far as being unbiased... highly recommend:

d19w5s9jJRM

Edit: TLDR: don't buy silver like I did :(

[onevoice]

Here is evidence to show that the Hedge Funds are scared and are hedging their shorts. There have been many million dollars invested in call options of $800 expiring in 3/19/2021 betting that the stock will go up more than $800 by 3/19/2021, as well as a big put option that the stock will decrease to less than $235 by 2/5/2021.
https://i.redd.it/03gg42wk1ye61.jpg

[TargeT]

149,957 buys to 38,590 sells today (https://www.reddit.com/r/wallstreetbets/comments/larkiy/dd/).... today was another short ladder attack (https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack)..... we are clearly winning with the volume and sales numbers I am reading.


The short squeeze is a ticking time bomb right now and all we have to do is hold to win. In a matter of days, short sellers will be FORCED to close their positions and clearing houses will be forced to purchase shares for all Fail-to-Delivers forcing the price to skyrocket and the squeeze to be squozen.
https://www.reddit.com/r/wallstreetbets/comments/lak773/why_were_still_winning_and_why_were_still_going/

[meat suit]

149,957 buys to 38,590 sells today (https://www.reddit.com/r/wallstreetbets/comments/larkiy/dd/).... today was another short ladder attack (https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack)..... we are clearly winning with the volume and sales numbers I am reading.


The short squeeze is a ticking time bomb right now and all we have to do is hold to win. In a matter of days, short sellers will be FORCED to close their positions and clearing houses will be forced to purchase shares for all Fail-to-Delivers forcing the price to skyrocket and the squeeze to be squozen.
https://www.reddit.com/r/wallstreetbets/comments/lak773/why_were_still_winning_and_why_were_still_going/

still trying to understand how this works,
so, the short guys have to buy back the shares they borrowed and return them.
if nobody sells shares, how can they buy them, or are more shares issued?
if they cant return shares will they go bust? if so who will want to then buy these over valued shares?

[TargeT]

149,957 buys to 38,590 sells today (https://www.reddit.com/r/wallstreetbets/comments/larkiy/dd/).... today was another short ladder attack (https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack)..... we are clearly winning with the volume and sales numbers I am reading.


The short squeeze is a ticking time bomb right now and all we have to do is hold to win. In a matter of days, short sellers will be FORCED to close their positions and clearing houses will be forced to purchase shares for all Fail-to-Delivers forcing the price to skyrocket and the squeeze to be squozen.
https://www.reddit.com/r/wallstreetbets/comments/lak773/why_were_still_winning_and_why_were_still_going/

still trying to understand how this works,
so, the short guys have to buy back the shares they borrowed and return them.
if nobody sells shares, how can they buy them, or are more shares issued?
if they cant return shares will they go bust? if so who will want to then buy these over valued shares?

This is the core of the "short squeeze" they HAVE to buy those borrowed shares back, if no one sells they continue to get charged fee's for holding those shorts; eventually they will not be able to keep up with the interest rates and have to buy back..

57 million shares are currently shorted, out of the 50 million in public float... $70 billion+ has been lost by these hedge funds so far.... it will only get WORSE for them.... the pressure builds

this is a very unique situation, this video explains it fairly comprehensively

bjbR0UwixSE

TLDR:

There are more shorts than actual stocks, we can name any price we want once they start to panic.

[silverfish]

I found this an interesting take
sorry cant seem to get it embed
Its called wallstreet warfare

https://youtu.be/-s9t25utK8U

[Olam]

Is it too late to buy GME?
It bothers me to be on the sidelines..
Can we still buy?

[Mark (Star Mariner)]

Watching this with interest, but I do wonder: can we be sure some of these Redditors aren't Wall Street stooges, and there is some sort of long con going on? Wouldn't put it past them.

I'm not a gambler, but if I was, I expect I'd be cashing in while the going is good. Maybe Target would say otherwise - I personally don't know enough about the system to know for sure how to play this.

But I do know one thing (for sure). The game's rigged folks, as George Carlin once said.

The house always wins in the end.

I would advise caution, especially if you don't know 100% what you're doing.

[Alan]

Is it too late to buy GME?
It bothers me to be on the sidelines..
Can we still buy?

Olam, you should participate in this ONLY with money you are OK with losing. If you are looking to make money with GME on this play the odds are not in your favor.

The investors on WSB (r/wallstreetbets) are buying and holding for the sole purpose to stick it to the hedge funds. From reading the boards this has not changed a bit, even though the stock has been trending down this week.

If you really want to be a part of this, then no, it's not too late.

[Olam]

Is it too late to buy GME?
It bothers me to be on the sidelines..
Can we still buy?

Olam, you should participate in this ONLY with money you are OK with losing. If you are looking to make money with GME on this play the odds are not in your favor.

The investors on WSB (r/wallstreetbets) are buying and holding for the sole purpose to stick it to the hedge funds. From reading the boards this has not changed a bit, even though the stock has been trending down this week.

If you really want to be a part of this, then no, it's not too late.

OK thanks for that, in fact, I would love to participate to the rebellion, but I can only buy 2-3 stocks..!....So not much to loose, I think I will buy that doing my part.
If it shoots to the moon, we all benefit in the end, no matter if it's in a few months.
thanks

[Olam]

I found this an interesting take
sorry cant seem to get it embed
Its called wallstreet warfare

https://youtu.be/-s9t25utK8U

So basically this guy is saying it's all fixed.
He does have the facts.
Target, please watch this and report back...!

:-)

[Merkaba360]

So, what exactly caused the stock to fall so much? Did these guys get out without enough squeeze? How low must the stock go to end this?

Apparently the individual stock holders of gamestop only hold 16% of the shares. Seems that isn't high enough. Can't they just make deals with all the big financial institutions?

[TargeT]

https://i.redd.it/f5vfklcua2f61.jpg




So, what exactly caused the stock to fall so much? Did these guys get out without enough squeeze? How low must the stock go to end this?

Apparently the individual stock holders of gamestop only hold 16% of the shares. Seems that isn't high enough. Can't they just make deals with all the big financial institutions?

Billionare Mark Cuban just did an AMA on reddit, he had this to say:

https://i.redd.it/5ael0vus23f61.jpg

[TargeT]

https://i.redd.it/4riskkgkl3f61.jpg

I'll have to look into this more, but that's an interesting development

[Merkaba360]

Ok, thanks for the info. That is interesting. Although it still doesn't clarify why they need the individuals to sell, who apparently only hold 16% of the shares. Cuz they can't fool/cheat the other big players? If the stock was $200/share and all the individuals sold their 16% of all shares, what would the stock then fall to app Approximately? How low do they need it to go for those clowns to accept losses and get out without major pain? I suppose it depends how long this goes on and their interest payments.

[rgray222]

Funny 2 minute video - Hedge Fund Managers Are Suffering


http://www.youtube.com/watch?v=qDFqodrd3dQ

[Olam]

Haha, so I went thru all the registration process at Questrade, only to be told right at the end that I had to invest $1000,00 dollars minimum.
I had already filled out that I wanted to invest $200,00....

Oh well, one of these days

[TargeT]

They have not covered their shorts as of today... it's still game on with 122% short (insane really.. )

https://i.redd.it/xdoxzmgkg4f61.jpg



& don't forget, during the VWshort squeeze the stock tanked for 5 days in a row before going hyperbolic.

[Ivy23]

They have not covered their shorts as of today... it's still game on with 122% short (insane really.. )

https://i.redd.it/xdoxzmgkg4f61.jpg



& don't forget, during the VWshort squeeze the stock tanked for 5 days in a row before going hyperbolic.


Is this your own Screen shot? I was looking for a date on it. Earlier I read that the info hasn’t been updated since January 15th and then I read that they’re only 39% short as of yesterday. I’m positive they would post misinformation on that though in order to create panic. Just wondered if you know for sure if it’s still 122% short?


https://www.forexlive.com/news/!/short-interest-in-gamestop-gme-plummeted-to-39-from-114-in-mid-january-20210201


Data via IHS reported on Bloomberg that short interest in GME down to 39% of free-floating shares, from 114% in mid-January

Another data firmS3 Partners shows similar:
GameStop's short sales now to about 50% of its total stock available to trade, down from a high around 140%

[TargeT]

They have not covered their shorts as of today... it's still game on with 122% short (insane really.. )

https://i.redd.it/xdoxzmgkg4f61.jpg



& don't forget, during the VWshort squeeze the stock tanked for 5 days in a row before going hyperbolic.


Is this your own Screen shot? I was looking for a date on it. Earlier I read that the info hasn’t been updated since January 15th and then I read that they’re only 39% short as of yesterday. I’m positive they would post misinformation on that though in order to create panic. Just wondered if you know for sure if it’s still 122% short?


https://www.forexlive.com/news/!/short-interest-in-gamestop-gme-plummeted-to-39-from-114-in-mid-january-20210201


Data via IHS reported on Bloomberg that short interest in GME down to 39% of free-floating shares, from 114% in mid-January

Another data firmS3 Partners shows similar:
GameStop's short sales now to about 50% of its total stock available to trade, down from a high around 140%

after reading more your right, that number is from today but the data is from a while ago, I think the next update is the 29th of feb, I need to pin down that date... anyway that's an old %

[TargeT]

Lots of data sources with different numbers... its hard to get a solid feel

GAMESTOP (NYSE:GME) SHORT INTEREST DATA

Current Short Volume:61,780,000 sharesPrevious Short Volume:71,200,000 sharesChange Vs. Previous Month:-13.23%Dollar Volume Sold Short:$11.96 billionShort Interest Ratio / Days to Cover:2.0Last Record Date:January, 15 2021

Outstanding Shares:102,270,000 sharesPercentage of Shares Shorted:88.58%Today's Trading Volume:71,019,951 sharesAverage Trading Volume:65,577,492 sharesToday's Volume Vs. Average:8.30%




https://www.marketbeat.com/stocks/NYSE/GME/short-interest/

[Ivy23]

They have not covered their shorts as of today... it's still game on with 122% short (insane really.. )

https://i.redd.it/xdoxzmgkg4f61.jpg



& don't forget, during the VWshort squeeze the stock tanked for 5 days in a row before going hyperbolic.


Is this your own Screen shot? I was looking for a date on it. Earlier I read that the info hasn’t been updated since January 15th and then I read that they’re only 39% short as of yesterday. I’m positive they would post misinformation on that though in order to create panic. Just wondered if you know for sure if it’s still 122% short?


https://www.forexlive.com/news/!/short-interest-in-gamestop-gme-plummeted-to-39-from-114-in-mid-january-20210201


Data via IHS reported on Bloomberg that short interest in GME down to 39% of free-floating shares, from 114% in mid-January

Another data firmS3 Partners shows similar:
GameStop's short sales now to about 50% of its total stock available to trade, down from a high around 140%

after reading more your right, that number is from today but the data is from a while ago, I think the next update is the 29th of feb, I need to pin down that date... anyway that's an old %

So they could be driving the price down by setting buy limits and suspending trading and with short ladder attacks... could they be closing their shorts while we’re out here not being allowed to buy? I don’t have enough knowledge in the area but is it possible for them to close all the shorts even with a bunch of folks holding? Have you seen any speculation on that?

[TargeT]

So they could be driving the price down by setting buy limits and suspending trading and with short ladder attacks... could they be closing their shorts while we’re out here not being allowed to buy? I don’t have enough knowledge in the area but is it possible for them to close all the shorts even with a bunch of folks holding? Have you seen any speculation on that?

no, because there were many shorts that the price did not fall low enough to cover; I'm reading that short interest is anywhere from 39 - 50% (https://www.bloomberg.com/news/articles/2021-02-01/gamestop-short-interest-plummets-in-a-sign-traders-are-covering), so still very high... I don't know what the outcome of these ladder attack's will be... I'm holding either way ;)

I'm sure some consolidation has happened, but probably more shorts too... we'll just have to wait for the update unless it goes parabolic before hand... as the price gets lower and liquidity (shares being sold) dries up even more we'll see some wild fluctuations in price... at least that's what I'm expecting for the rest of the week.

Volume levels indicate very bullish... this week will be important, I'm seeing good signs

https://i.redd.it/3qn3kijra5f61.png


Most important things that stick out, all of which really build a case that must not be dismissed:

If shorts have covered, we should have noticed reasonable strong upwards momentum, as buying pressure consists of short covering along with retail buying, and a limited float.

Past few days we've seen trading volumes below average, likely suppressed demand caused by broker restrictions on buying. Lower volume can make any dump pull the price down easily. Especially when the demand side is getting locked out. Have to mention the timing of which Robinhood locked buying last week as well, coinciding with a massive dip.

This buy to sell ratio with a supressed price is very interesting as well..... it should have gone UP not down with these types of ratios.... something fishy is going on....

https://i.redd.it/6xpvizrx03f61.png

https://i.redd.it/fmzdcsrsz2f61.png

The shorts are running out of ammo, look how less steep the retractions are getting:

https://i.redd.it/g9u485yyt4f61.png


the volume yesterday was very very low... liquidity is drying up... their ammo is running out

https://i.redd.it/1quu0muws4f61.jpg

[onevoice]

For lot of us, we can plainly see how the stock market has been rigged, especially in the case of the GameStop. So it's not surprising that a class action lawsuit has been filed against the usual suspects (https://www.barchart.com/story/stocks/quotes/GME/overview/1062009/short-squeeze-stockbrokers-and-hedge-funds-face-proposed-antitrust-class-action):

Short Squeeze Stockbrokers And Hedge Funds Face Proposed Antitrust Class Action

SAN FRANCISCO , Feb. 2, 2021 /PRNewswire/ -- The Joseph Saveri Law Firm filed an antitrust class action lawsuit today on behalf of a class of retail investors in federal court against 35 defendants, including Robinhood, E*TRADE, TD Ameritrade, Melvin Capital, Citadel, Sequoia Capital, and others. The plaintiffs allege that they and other retail investors continue to be injured due to a large, overarching conspiracy among the defendants to stop them from buying stocks in open and fair public securities markets. Plaintiffs contend that the purpose and effect of the scheme was to shield hedge funds, venture capitalists, and institutional investors from massive losses they had exposed themselves to due to their highly speculative short selling strategies. Plaintiffs bring claims under the federal and state antitrust laws as well as other state laws and common law.

The retail investors held shares in twelve companies: GameStop (GME), AMC Theaters (AMC), American Airlines (AAL), Bed, Bath and Beyond (BBBY), Blackberry (BB), Express (EXPR), Koss (KOSS), Naked Brand Group (NAKD), Nokia (NOK), Sundial Growers Inc. (SNDL), Tootsie Roll Industries (TR), and Trivago N.V. (TRVG).

Several large hedge funds and investment firms, including defendants Citadel and Melvin Capital, possessed massive "short" positions in these relevant securities. "Short" sellers borrow shares or other interests in corporate stock, securities, or other assets. In so doing, they bet that prices of the securities will decrease. If the stock prices in fact drop, a short seller buys the stock back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the profit. Short sellers essentially bet on a stock's failure or decline rather than its success or increase.

Retail investors correctly identified that the relevant securities were undervalued. In fact, as the plaintiffs allege, the short positions were over-leveraged as much as 140%, such that institutional investors could not close their positions. These retail investors then began purchasing "long" positions in these companies, driving stock prices upward, resulting in great losses to those invested in short positions.

Short sellers were caught in a classic "short squeeze." When the price of an asset rises, short sellers normally face pressure to buy back stock to exit their short positions and mitigate their losses. Instead, as part of the scheme, hedge funds and others holding short positions publicized the relevant securities as being less valuable than retail investors believed. When retail investors continued to acquire shares and drive prices even higher, hedge funds and others faced potentially disastrous exposure when required to cover their short positions.

On January 28 , many brokerages abruptly and unilaterally restricted retail investors' ability to buy long positions—in some cases removing the option to buy shares of the relevant securities while openly permitting them to sell their existing shares or prohibiting users from viewing the tickers for some or all of the relevant securities. Even those retail investors who had queued orders overnight to purchase stock when the markets opened on January 28 discovered that their purchase orders had been cancelled without their consent.

The coordinated prohibition on buying any new shares of the relevant securities eventually led to a massive sell-off and a steep decline in share prices. While retail investors continued to be prohibited from purchasing securities at the reduced price, institutional investors were permitted to buy securities at the artificially reduced price, closing their short positions.

"Rather than use their financial acumen to compete and invest in good opportunities in the market to recoup the losses in their short positions, or paying the price for their highly speculative bad bets, these defendants instead hatched an anticompetitive scheme to limit trading in the relevant securities," says Joseph Saveri , counsel for the plaintiff retail investors. "It is unlikely that such a widespread ban among brokerages would have been achievable without a concerted effort in violation of antitrust laws."

Plaintiffs seek to recover damages, as well as injunctive relief, on behalf of themselves and the proposed class, from the defendants. The case is Cheng, et al. v. Ally Financial Inc. et. al., case number 21-cv-00781, in the U.S. District Court for the Northern District of California .

https://saverilawfirm.com/our-cases/short-squeeze-antitrust-litigation/

[iota]

after reading more your right, that number is from today but the data is from a while ago, I think the next update is the
29th of feb, I need to pin down that date... anyway that's an old %

no 29th of feb this year Target ...

getting "shorted" AGAIN ..;)

i won't have another bday til 2024

[Olam]

after reading more your right, that number is from today but the data is from a while ago, I think the next update is the
29th of feb, I need to pin down that date... anyway that's an old %

no 29th of feb this year Target ...

getting "shorted" AGAIN ..;)

i won't have another bday til 2024

:happythumbsup:

[TargeT]

Contrary to the media... its being held and bought still, massively....

up 30% today (after going down65%+... lol_) so far, doubt this is the squeeze though, it's the premarket insanity....

https://i.redd.it/vg50z0u0p9f61.jpg

[rgray222]

CNN rides to the rescue of hedge fund managers by lying to investors about precious metals. The mainstream media lying is becoming painfully clear to millions of millennials.


http://www.youtube.com/watch?v=5_TXUnlGNmI&feature=share&fbclid=IwAR0TIk8XHydc2NMpTPyrEH6o-dYkcf7hjtenOkRrtHivstS2cudql1p4iFY&ab_channel=TimPool

[kfm27917]

While no doubt young rebels did the GME thing, it almost looks like some big players like Elon Musk and Bezos where deeply into it.
With control of the MSM, it is easy to roll this off unto young rebels.
(just a thought)

[Merkaba360]

Can't wait to see the judges pull a "2020 election" and dismiss all the cases cuz uh yea some complicated procedural excuse. lol

I guess that could be good too. That could wake up a lot of people who believed in the courts during the elections and then realize that was a judicial farce as well.

I need to remind myself that its not bad if they are forced to pull off more and more absurd shenanigans. Each time wakes up millions :)

[onevoice]

Today, I found an excellent post by a very intelligent reddit poster which explains very well what has been happening to the GameStop stock to date. I thought there was a very good chance that the stock close significantly higher today than it did. The following posting on reddit connects the dots of why this stock behaved today as it did. I currently have some shares of GME (average value of 183/share), so I'm very bullish on this stock, despite current paper loss of around 50%. He is bullish on GameStop and explains his stance:



GME short squeeze what comes next part 2
Ticker Discussion
Hello all,

I wanted to post last night as many of you commenters have asked for however my building lost power and it was absolutely awful. I am currently a refuge and my ladies house and wanted to get this out to the world.

Disclaimer: I am not a financial advisor, but more importantly this is all simply speculation. If anyone wants to make counter claims they are more than welcome but word of advice to all readers. If anyone is claiming that they know exactly what is going to happen...they are lying. There simply isn't enough current data to push this either direction. I am a bull, big time and I would like to explain why.

First let's talk about yesterday

There are a lot of claims of short ladder attacks and the counter-claim is that it was MM's moving the price down. One thing appears certain, there is some sort of manipulation happening in an attempt to drive the price down. Whether this is MM's, HF's, or simply retail shorts and bears; there are a strange number of exchanges happening in a clear effort to lower the price. You can check out the real time quotes here (https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades).

Another large thought about why the price should have gone up yesterday was because of the options thats expired Friday 1/29 ITM. The rule is T+2 meaning these individuals have two business days to cover. Well, we expected a surge of these individuals covering and it simply never came. Everyone was glued to the screen Friday ATH waiting to see the spike of covering...but it never happened. Monday again...never happened. Tuesday...oh boy this is their last day they have to cover! Yet...they didn't. So what does this mean? Well, I see two possibilities.


They somehow timed it perfectly and covered throughout the dips and spikes

They haven't covered yet


I'm in the camp of number 2 hence why I am a bull. If they didn't cover that results in a Failure to Deliver which you can learn about here (https://www.investopedia.com/terms/f/failuretodeliver.asp). So what does this mean for us? Well, that would explain the tremendous price drop as FTD's create "phantom shares" a problem GME is already facing. This will dilute the price tremendously and the amount of FTD's that probably occurred would greatly dilute the price. "With forward contracts (https://www.investopedia.com/terms/f/forwardcontract.asp), a party with a short position's failure to deliver can cause significant problems for the party with the long position (https://www.investopedia.com/terms/l/long.asp). This difficulty happens because these contracts often involve substantial volumes of assets that are pertinent to the long position's business operations." From the earlier mentioned website regarding FTD's.

Now this is truly fascinating. The 2008 crisis was largely in part due to a mass number of FTD's. In fact, FTD's sometime intentionally happen...just to drive the price down for FUD so they can then cover at a better price.

So if this is correct, what happens next? Well, either you can read about it here (https://financialreview.poole.ncsu.edu/wp-content/uploads/2015/07/Fails-to-deliver_before_and_after_the_implementation_of_Rule_203_and_Rule_204.pdf). Simply put, the individual has to close out the positions after 13 consecutive settlement days of FTD. So all this logic about T+2 was actually just the logic to begin the FTD countdown, if it hasn't already started at the beginning of this.

Now, I'm not saying "nobody sold" of course people did. But volume is key and the interest in buying outweighed the interest in selling 3-1 Monday and Tuesday. Of course trades are 1-1 but interest was on the buyer side.

Obviously, I don't even need to mention it but restricted trading really is what screwed this thing to begin with. My opinion? It wasn't to prevent a massive short squeeze, it was to buy them time.

Today

So why the hell did it spike this morning? Two reasons.


RH still has 100 shares limit on GME, now for those who don't realize, that doesn't mean that is 100 shares per day. No no. The restriction is you can own up to 100 shares of GME. If you already own over 100 shares that's fine, but anyone with less than 100 shares can only add up to that amount. This restriction has not changed and other companies such as Revolut are still imposing a 100% trading restriction on GME. So what did RH offer today? The ability to purchase fractional shares, which doesn't help a whole lot but the fact that buying pressure accelerated at the notion of fractional shares shows that there is still an immense amount of buyers out there.

GameStop adds new CTO to the roster, an ex AWS lead engineer (https://www.globenewswire.com/news-release/2021/02/03/2169124/0/en/GameStop-Appoints-Chief-Technology-Officer.html). They added other executive positions as well. This further cements the change the company is taking.


Now, before I get into the rest I want to address something: the fundamentals.

There is a disturbing echo chamber around the idea that GameStop is a dying brick and mortar retailer and there is no chance at survival. That is simply not the case. I don't want to do a full GME DD here because this is about the second incoming squeeze. However, let me put it to you this way:

If you were told that a new company was IPO'ing and it was coming to the market with an infrastructure, new talented team, 50 million customers and their plan was to become an e-commerce company to compete with Amazon; their plans for the physical locations was to be game-centric, a place for e-sports to compete, desktop building kiosks, and the newest systems and physical copies of games for those who still love having a physical copy. Not just that, but this company already has revenue share deals with Microsoft and other bigwig companies.

Knowing all that information would you be interested in this company? My answer is an easy yes. The thing with digital transformation and companies changing direction is people get so lost in what the company used to be they can't see what the company is planning on becoming. If this was a brand new company that Ryan Cohen was leading with the same exact model people would be all over the concept.

Enough of that. Let's talking about what is still going on today which is truly fascinating.

So the good news created a large uptick follow by a combination of people escaping with whatever gains they could salvage and some more clear manipulation regardless of the source. But then what? Well, after the bounce down a lot of people saw this as a fantastic buying opportunity which made it recover quickly...but then something interesting started happening. It started uptrending. Slowly. Steadily. Uptrending. Lower lows, higher highs; no sight more beautiful.

My interpretation? We found the bottom of the bears attack. The news has been consistently saying the squeeze is over but one and at time they are saying their might be a second surge and their reasoning is if retailors see this price drop as a buying opportunity instead of red flags, it will surely send the price up. The logic there is simple: if people are buying stock it goes up, if people are selling, it goes down.

So today is pure magic. It doesn't need to be a wild swing up to be promising. What it needs to be is slow, consistent buying pressure even during restricted trading.

But all the shorts covered! Simply not true. That is a fact. All we know is what people are telling us. Melvin says they covered. It will be the third time they have claimed that. Do I think they covered? Yes, I do. Does that matter? No. Now even if Melvin and others covered and the S3 figures are right that means the guess right now is that this stock is still 57% short. Based on their Twitter this isn't including newly opened positions which anyone in their right mind would certainly open a short position when it was 3-400. They thought this bubble would pop and they would make a quick buck. They saw it get down to $85 and started celebrating...but it starting climbing...uh oh.

Truth is, no one will know the real numbers until the 9th. I think it's a little too much tin foil hat to says those numbers will be misconstrued but what we have witnessed over the past few days...it's possible.

So let's talk about who is currently holding GameStop. Well, a **** ton of degenerates that have lost millions of dollars and seemingly don't give a ****. They are here out of principle, truth be told, so am I. I absolutely refuse to give any shares to the shorts after the crap they pulled last week. So we have a ton of bag holders refusing to sell and a ton of people wondering if now is the time to get in for a potential epic second short squeeze. No one is going to sell at these levels. Some people here and there but it simply isn't worth it, not with so much potential for a second squeeze.

So when will this second squeeze happen?

If the newest shorts are smart, it already begun. If I took up a short position and saw this start climbing again after everything it has been through, you better believe I would be covering now while I have profits. Not all of them are going to do this, which is why as the price gradually rises the potential for a larger and larger squeeze is exponential. There is no telling when it will happen. It could be a slow climb for the next couple of weeks before it pops. The 9th will be a huge indicator of what is to come, if that has anywhere above 50% short interest you better believe everyone is going to hop right back into it. It could happen as early as this week. It could be post earnings when Papa Cohen tells us his majestic plans during ER. It could be that ER will actually be fantastic on 03/05 because it will have the console cycle numbers. Look at GME charts in the past, the console cycle always makes the stock pop and with all this attention that very well could be the catalyst.

In summary

I wanted to do deeper analysis for you all but I knew some of you were really looking forward to the next post and my thoughts regarding the situation so I wanted to get something out there. In my opinion, a second surge, a second squeeze is bound to happen. This is a buying opportunity for those who missed the first one and I think the market and stock price is reflecting that sentiment.

Positions:
1100 GME @ $16 closed
500 GME @ $20 closed
50 GME @ $120 open
236 GME @ $250 open


TL;DR: I have yet to see any indication or good thesis to explain why the short squeeze would be over. Even if Melvin covered and even if S3 numbers are correct at a 57% short, these are indicators of another squeeze, potentially even more epic. The bleeding days of red on Monday and Tuesday I personally think was a combination of panic selling when premarket and ATH didn't blow up due to the ITM calls and phantom shares being created due to consistent FTD's diluting the share price. I do think these FTD's were intentional and what many are perceiving as a short ladder attack is in fact the creation and purchasing of phantom shares driving the price down. If you are a bagholder, I think it wise to hold, if you have already closed your position I would consider what we are witnessing as another buying opportunity.

Final disclaimer. I have already made a significant sum of money on this GME play. This post is not a hope that you will come rescue me from my bagholding status. The money I put back in was money I was willing to lose and I came back in out of principle to stick it to the man. Good luck everyone and be grateful to be alive during this time, this will go down in financial history quite possibly forever. Retail investors have more power than we think.

[TargeT]

there is so much reliance..... I love what is happening.... i;m very supportive of this

I committed a large amount to this "ware house" because I believe .. I feel like this is the most important think we can do... so I;ll m all in!

[TargeT]

~40mil volume yesterday.... that's about half of tuesday.....


they are running out of ammo... no one is selling...haha, this is awesome


short interest is currently estimated at 226.42% (https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0)........(still based off old data, new data feb 9th)

[onevoice]

The hedge funds are viciously attacking the GME stock today. I have been monitoring the real time trades from Nasdaq (https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades) and I saw numerous trades of exactly 141 shares happening time and time again. I think they are trying to fly under the radar and trying to make it look like a normal investor selling.
https://baggage-wm.livelink.io/wm.albums/gallery.photos3.walmart.com/galleries-c662470b87289dbcdaa84ee8cd44955c-15573969881.jpeg?token=cnc5ZjYyYzsxNjEyNDMyODAwO2IzY2I3YTNhNDc5YmE5NjA5NDBlNWRkMThk%0AYTI2YTFiMTVjMm UyZDkyNmI2NzE5Y2RkYjU4OTYyMjkxNDYyYjk%3D%0A

[TargeT]

they can shove it lower... it will just launch harder

the VW squeeze was led by 5 days of red like this before taking off.... if nothing else this stock is due for a "dead cat bounce" which is being suppressed also... there should be an uptick with stock prices this low..

nothing is tracking normal patterns... I'm down 103,000 still holding :)

[Merkaba360]

The hedge funds are viciously attacking the GME stock today. I have been monitoring the real time trades from Nasdaq and I saw numerous trades of exactly 141 shares happening time and time again. I think they are trying to fly under the radar and trying to make it look like a normal investor selling.
https://baggage-wm.livelink.io/wm.albums/gallery.photos3.walmart.com/galleries-c662470b87289dbcdaa84ee8cd44955c-15573622849.jpeg?token=cnc5ZjYyYzsxNjEyNDMyODAwOzg1Y2UxZWZjYzYxZTFhYWFhNjM0Njc1MDNh%0AOWU0MjEwNDY3Yz dkYjc4NTFkMzQwYmJmYjNmMDBjN2FiYTI4YTM%3D%0A

Isn't $65/hare low enough for them to exit and take losses but not astronomical? Or is it somehow still massively going to kill them since they had to drive it down themselves in a kind of illusion. Or are they greedy and cocky thinking they can beat the peon imbeciles? lol

[TargeT]

Isn't $65/hare low enough for them to exit and take losses but not astronomical? Or is it somehow still massively going to kill them since they had to drive it down themselves in a kind of illusion. Or are they greedy and cocky thinking they can beat the peon imbeciles? lol

yes, but they have to start buying shares.... prices go up when shares arebought ;)

that's the whole trick of this thing... last data set says there are over 100% (around 140%) of shares shorted... the volume to correct that would be huge... we've seen declining volume so it hasn't happened yet.

[kfm27917]

What we are all watching is one of the most captivating and convincing global psyops ever.

The only way to correctly understand what is happening today is to properly comprehend the critical history of this fastidiously engineered collapse-in-progress. See: The Empire of “The City” — Three City States: London, Vatican, District of Columbia (Video)

But if anyone really wants to apprehend the central plot of this multi-century conspiracy, they must know who the extremely deceptive and clandestine perpetrators are.

Of course, there is the criminal Central Banking Cartel as well as the International Banking Crime Syndicate. There are also the Rothschild and Rockefeller Crime Families as well as the other Illuminati Families who have reigned supreme over humanity for centuries. There are also the secretive power groups like the Committee of 300, Bilderbergers, Trilateral Commission, Club of Rome along with the Council on Foreign Relations.

more at
https://www.sgtreport.com/2021/02/global-gambling-casino-crippled-by-operation-robinhood-on-purpose/

[TargeT]

If you watch "the big short" you'll see a lot of similar actions....

Short interest report comes out the 9th, that will be an inflection point

[DaveToo]

None of this makes sense to me.
When the Hedge funds were exposed last week the price was ~$300.
They had to buy back their shares to close out their positions. They really had no other choice.
If they weren't crooked and the firms that were doing the trading weren't crooked, then we would have seen the stock take off in an upward direction.

But that didn't happen. Instead the stock started to go down big time!
Well when you are trying to close out huge short positions it's impossible to do
that and see the price of the stock go down!

The game plan for the GME reddit crowd was to HOLD! Hold big time until this thing really took off.
Sure the Hedge funds could have tried to test the nerves of the reddit crowd by pushing the stock down
(with other long stock reserves they had). But that could only have been a limited strategy and surely the reddit crowd wouldn't have been tricked so easily and sell so quickly.

So this downward tumble in price has got to be some back room deals that have been cooked up between the Hedge fund managers and the brokerage houses. There are virtually an unlimited number of ways they can manipulate
the stock price if they want to be creative and no one is regulating their moves.

[TargeT]

None of this makes sense to me.

...
So this downward tumble in price has got to be some back room deals that have been cooked up between the Hedge fund managers and the brokerage houses. There are virtually an unlimited number of ways they can manipulate
the stock price if they want to be creative and no one is regulating their moves.

the matrix is real... we don't really understand the financial system... we only know what we are told (not reality).

This is a very serious interview... listen to what this man says... the "red scare" never went away.....
rpgeCxIfitA

In general the drop in price paired with lower volume indicates "short ladder (https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack)" attacks, where hedge funds sell in blocks of 100 to each other rapidly for low prices,,, this paired with low volume = artificial price suppression.

[Iancorgi]

I am completely out of my element here so no matter how many great posts from my fellow avalonians I was reading I still had a bucket load of unanswered questions racing through my head.

Thankfully all my questions have been answered by this very informative video:


YFQ-v1jCpF0

[TargeT]

Good video showing why the price is not doing what we anticipated...

We had a 50% gain today for a while... still very volatile and a LOT of short latter attacks....


ng4oigy9_kQ

pretty good break down on why this is very much still "a thing".... positions haven't been covered.

[TargeT]

Reality is crashing..... they all knew it was, they are just too embarrassed to see it through to their own deserved failure.

Hxvx4X1OdEA

Full disclosure, I'm down about 100k at this point, but I don't even think "it" has begun yet.... this Tuesday will be very telling, I've already seen the volume discrepancies...

at this point I'm surprised that 3 days red in the market caused such an uproar... wtf are the diamond hands??
Though at the same time............. why does the MSM seem to need to incessantly tell us "it's over"?... I mean, if it were... this would be a non story, eh? (propaganda 101)
I GOT EM!

[TargeT]

Just an FYI.... this is FAR from over....


The move now is to kick the can down the road so attention will drift else where.... but they do not apparently know what WALLSTREETBETS is... haha

Shorts NOT covered, tricks used RIGHT before reporting deadline to make it seem so:
i7PdHrWly6c

This from a data scientist, the math really doesn't lie..... I still highly suggest this stock if you are not looking for "quick money"... you WILL make money, but the timeline currently requires a strong catalyst (FEB 18 : congressional testimony on the GME situation...... Late March Q4 Earnings report... these two things are going to be very influential)

No real change happens in a week or 2.... This is still on going and honestly... just beginning.

GkvRWzz1Rkk


I have averaged my position down a bit, I'm now at 802 @ $192

This is money I made off tesla, not rent money or bill money... I don't want to loose it but I can (make sure you never invest more than you are comfortable with loosing).

this is all my opinion, I am not a financial advisor.. do your own research.


We apparently CAN be retarded longer than they can be solvent.





60.7 million shares short in total through February 9th by my estimates, representing 129% of float presently.
https://www.reddit.com/r/wallstreetbets/comments/lh9tig/lets_discuss_the_most_talked_about_stock_in_the/

Funny. a forum with 8.9 MILLION members can do some AMAZING research (you do have to filter through a lot of garbage as well)

Another excellent resource:

https://www.gmedd.com/

[Anchor]

... but they do not apparently know what WALLSTREETBETS is...

Weaponized autism :)

No brakes on that train.

[TargeT]

... but they do not apparently know what WALLSTREETBETS is...

Weaponized autism :)

No brakes on that train.

This is an amazing break down

Start @ 26min to see the obvious cycle surrounding reporting dates

SPenJRN4QM4

96% of the stock was shorted at ~$17 and the price has been above that since early JAN.... they are billions short still & the math says it's impossible for them to have covered.... its something like 2 billion depending on how much they were able to re-short... and that's a lowball guess.

[TomKat]

What we are all watching is one of the most captivating and convincing global psyops ever.

The only way to correctly understand what is happening today is to properly comprehend the critical history of this fastidiously engineered collapse-in-progress. See: The Empire of “The City” — Three City States: London, Vatican, District of Columbia (Video)

But if anyone really wants to apprehend the central plot of this multi-century conspiracy, they must know who the extremely deceptive and clandestine perpetrators are.

Of course, there is the criminal Central Banking Cartel as well as the International Banking Crime Syndicate. There are also the Rothschild and Rockefeller Crime Families as well as the other Illuminati Families who have reigned supreme over humanity for centuries. There are also the secretive power groups like the Committee of 300, Bilderbergers, Trilateral Commission, Club of Rome along with the Council on Foreign Relations.

more at
https://www.sgtreport.com/2021/02/global-gambling-casino-crippled-by-operation-robinhood-on-purpose/

Something tells me the Reddit gang will be blamed for the coming market crash. The way the Smoot-Hawley Tariff was blamed for the 1929 crash.

[TargeT]

I've been watching this very closely (obviously, biased as *** because I'm in deep)..........

I feel this phenomenon has become an excellent study in pervasiveness and follow through (IE why we are continually tricked in cyles.. 2 year for minor elections 4 years for major 6 for even more important...... )

The fact that 3 weeks into this fight we are seeing so much dramatic FUD (Fear uncertainty and Disinformation) from so many angles when this situation infact,,,, has become GREATER than it was before...

the last 3 days have been very telling (if you understand volume and VWAP).

I feel grateful that I am older now and have patience....

Enjoy the show!

cHY84gUjMCU

hGeEXrR84XE

[TargeT]

FEB 18 2021.... I don't think the finance comity will do ****, but if they left DFV testify on why he likes the stock.... and millions are watching.... well ****.... haha that might be a huge catalyst to put the hurt on the hedge funds.

Citadel’s Griffin, Robinhood CEO to Testify at GameStop Hearings
Ken Griffin, Citadel’s billionaire founder, and  Robinhood Markets Inc. Chief Executive Officer Vlad Tenev will testify next week at a House hearing on wild swings in GameStop Corp. shares and other stocks.

Melvin Capital Management chief Gabriel Plotkin, Reddit co-founder Steve Huffman, and Keith Gill, a Reddit user credited with inspiring GameStop’s rally who’s known by his YouTube name “Roaring Kitty,”(His Reddit name is Deep****ingValue (https://www.reddit.com/user/Deep****ingValue/)) will also appear before the House Financial Services Committee, the panel said Friday.

Additional witnesses also may be named to testify at the virtual hearing set for noon on Thursday, according to a statement from Representative Maxine Waters, the California Democrat who leads the committee.
https://www.bloomberg.com/news/articles/2021-02-13/citadel-s-griffin-robinhood-ceo-to-testify-on-gamestop-feb-18


This will be a LIVE STREAM event... I wonder if the servers are ready for the insane amount of traffic this will drive..

Here is the link that will stream the hearing:
https://financialservices.house.gov/live/


Next week will be very exciting.


More and more info is coming out, and it's pretty bad for the "suits"...
dnwopi84LP4

[PurpleLama]

https://cdn.ebaumsworld.com/mediaFiles/picture/883100/86620863.jpg

[TargeT]

I'm not going to clutter up the thread too much.. but if you are into this you should know that none of the shorts were covered, they moved them all to ETF's that held GME as a large percentage (https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/?utm_source=share&utm_medium=web2x&context=3).... it's a genius move as it completely avoids the majority of reporting....


So not only did they not cover the shorts... they doubled down............. This is just getting so much more interesting, the Prologue 3 weeks ago seemed epic,,, but it's dwarfed compared to what is building now (https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) .... Right when they maxed
their credit card & it was about to explode they got another credit card and paid a large portion of it off, but not nearly all... but all this does is kick the ball down the road & potentially put them in a MUCH worse situation... this is why all of media has stories out that are negative to this movement.... Negative with absolutely no backing, no sources... nothing. Even the WallstreetBets forum has literally been taken over and it's not hard to find people advertising $20 a post with negative sentiment to GME and moderate engagement.

This is very telling: (https://www.reddit.com/r/GME/comments/ll8czb/i_plotted_the_sec_data_from_the_second_half_of/)
https://i.redd.it/fwylctkqfvh61.png

This graph shows "fails" as in, "fail to deliver" aka FTD... this is when a short is sold but the actual stock is not delivered... AKA ... NAKED SHORTING! this graph shows them shifting the turd from one hand to the other... nothing has changed, in fact now it's worse... now both hands are ****ty.

[Ernie Nemeth]

I wish I was more like you .

Blessed be.

[TargeT]

I wish I was more like you .

Blessed be.

delusional and obsessed?


However...........


I mean I'll say one thing.. I've been very entertained lately and I wake up before the sun (for market open) and clean my space while I listen to investment streams.... so if nothing else that's kinda awesome. (I used to homeschool and never applied the lessons learned there to myself.... Pursue and leverage interest and mold lessons around that, this is the way!)

[Ernie Nemeth]

Target.

You are the best.

All my strength to you,

[TargeT]

Tomorrow is the day

CONGRESSIONAL INVESTIGATION!
(below is an analysis of the statements that were given to congress ahead of the inquiry as analyzed by a (probably biased) Youtube Stock personality (that I highly respect))

We have Melvin Capital (aka Hedge fund that almost went bankrupt):
EZDEV9GUbYw
.... Oh wow.... His testimony is sooooo defensive. HE's pulling the RACE CARD!?!?

~VS~

Keith Gill (AKA RoaringKitty, AKA u/Deep****ingValue on Reddit), the most charismatic "everyman" who is being staged as a stooge (fortunately he's a very smart man).
WIlahD38C2k


So it's normal guy vrs Wallstreet vampire......

I can't wait to watch this tomorrow (12EST, can be live streamed here: https://financialservices.house.gov/live/ )


This situation is just getting more and more entertaining.

[jaybee]

Tomorrow is the day

CONGRESSIONAL INVESTIGATION!
[SIZE="1"]

I haven't followed all this closely but ------ Good Luck to the Good Guys -

The big punch bag is Wallstreet (vampire) - metaphorically of course cus Peace and Love and all that jazz...

:wink:

:happythumbsup:


DXPhGgL5hqE

(I nearly found another punch bag video when I noticed the name on the bag - 'Everlast' - but maybe it's appropriate and more of a Wallstreet aspiration than reality -)

[Anchor]

This graph shows "fails" as in, "fail to deliver" aka FTD... this is when a short is sold but the actual stock is not delivered... AKA ... NAKED SHORTING! this graph shows them shifting the turd from one hand to the other... nothing has changed, in fact now it's worse... now both hands are ****ty.

By another name, counterfeit shares.

This is exposing a lot of the swamp money mill tactics to so many more people, only good things can come of this - with an intervening rollercoaster ride!

[TargeT]

Don't normally like AOC.. but these (well lets be honest... 3 min?) questions, though Vlad (the stockpailer, CEO of robinhood) wasn't going to answer and she clearly knew that; were very on point and cut strait to the heart of what is wrong with the legacy financial system & what has been exacerbated by the AI based current financial system.

sRBA3O34Ncw

There were a few interesting moments today... but HOLY CRAP it was over 5 hours... I thought it would be like an hour and a half.. So I got to the bar, commandeered a TV (made them turn down the "up beat" elevator music) and started drinking every time they had a technical error on the "live" stream.

wait... where wa s I going with that...

There will be a few good clips from this, there seemed to be a couple times were representatives were aggressive in the least and most pathetic way possible (behind a webcam thousands of miles away & to no outcome: like, not even waiting for them to answer... clearly grandstanding). but perhaps some of the viewership will benefit.

The topic and discussion quickly devolved to technical levels that left me feeling fortunate that I had decided to consume this drywall sandwich at a bar.

Over all I don't even know what I think about it ( probably because I was in a bar for 5 hours), it seemed like the format and proceedings were so boring and off putting ; the presentation was hilariously bad (cuts to the wrong people, mic cuts, bandwidth issues.. like holy **** these people collect ~4 TRILLION a year in taxes... you can't get this **** right??)

If your a smart ape like me, you'll realize this was never an over night thing, we are currently waiting for a catalyst and the signs are VERY in our favor ( Average volume is 38mil, the last week was 14mil to 12 mil to 9 mil (today spiked, I assume it was the hearing... but I have not looked at any technicals yet), this is a huge indicator... next potential catalysts are: wide spread Stimulus checks, Tax returns, Earning report for Gamestop (I think it's the 24th of nxt month), and the big one... the June Board vote.

PSA: Time IN the market is always better than Timing the market. (except maybe in GME's case... this could be a very short term gain... NEVER INVEST MORE THAN YOU ARE WILLING TO LOSE)

[DaveToo]

There were a few interesting moments today... but HOLY CRAP it was over 5 hours... I thought it would be like an hour and a half.. So I got to the bar, commandeered a TV (made them turn down the "up beat" elevator music) and started drinking every time they had a technical error on the "live" stream.

wait... where wa s I going with that...



I watched about an hour or so today. I didn't see anything even close to a knockout punch but did learn a few things;
'payment for order flow' etc.
I knew about trading ahead of customer accounts and self-dealing...

I guess I got spoiled on the drama of the Watergate and Iran Contra hearings from decades ago.
This seems like child's play in comparison. :)

[TargeT]

but did learn a few things;
'payment for order flow' etc.

honestly.... this is the entire goal of what we(reddit / retail investors) are doing..


People have to know.


This seems like child's play in comparison.

This situation caught public atention about a momth ago....

we are living in fast forward..... this is the fastest/most efective social movement I've ever seen.....

How long did it take the protests from the 60's to get a congressional hearing (https://www.govinfo.gov/app/collection/chrg/89/senate/Committee%20on%20Interior%20and%20Insular%20Affairs)..

[Mypos]

but did learn a few things;
'payment for order flow' etc.

honestly.... this is the entire goal of what we(reddit / retail investors) are doing..


People have to know.


This seems like child's play in comparison.

This situation caught public atention about a momth ago....

we are living in fast forward..... this is the fastest/most efective social movement I've ever seen.....

How long did it take the protests from the 60's to get a congressional hearing (https://www.govinfo.gov/app/collection/chrg/89/senate/Committee%20on%20Interior%20and%20Insular%20Affairs)..

Hey TargeT, wassup. A few questions, what is the timeline on this thing? And i read somewhere that there are also other Hedgefunds who invested in Gamestop. So thats it not only the Reddit guys who are pulling that but also other large players? That would make it less a social movement imo.

[TargeT]

Hey TargeT, wassup. A few questions, what is the timeline on this thing? And i read somewhere that there are also other Hedgefunds who invested in Gamestop. So thats it not only the Reddit guys who are pulling that but also other large players? That would make it less a social movement imo.

Ownership is pretty difficult to determine... I've seen reports that institutions own 120% of the stock... I think "retail" investors are an influence here, but not a huge one... that doesn't matter however because there are so many shorts (reported numbers of 78%, a lot of speculation with good backing that thinks this number is very low)


"when is it going to squeeze" well, no one really knows for sure, there's a few dates that might be impactful but I'd say the March 25(ish) Earnings Report could be the catalyst we are waiting for, if not that in June there's a vote held for the CEO etc... That could also be another date that's important... Im more focused on march 25th, if they beat expectations that will cause a lot of movement.


TLDR: duno when, Retail investors are a smallish percentage of the holders of this stock based on reported numbers (that most people are not confident in)

[TargeT]

the catalyst we are waiting for

OR

It could close over 40 (https://www.google.com/search?q=GME) & thousands of contracts would be worthless (for the hedge funds that held them, this basically just means they loose out on a lot of profit & while they are still paying interest on their short positions, probably millions a day)

DFV could double his position (https://i.redd.it/2xswz0h11ii61.png) & the NASDAQ catches on to the ETF shorting (https://www.nasdaq.com/articles/xrt-gme-mgni-ostk%3A-large-outflows-detected-at-etf-2021-02-19) GME by proxy trick.....

If hype continues to build over the weekend next week could be very interesting


I'm feeling MUCH more confident now. All this just happened in the last hour or so... we'll have to gauge how "the public" reacts to this over the weekend to know if this is big, or HUGE!


The congressional hearing yesterday had more views than all other views combined for the last year.....

https://i.redd.it/586xkte6xgi61.png




I love the creative outpooring surrounding this situation.
dDSAtLoOEYk

[TargeT]

s6QkiQeXKRQ

[PurpleLama]

https://mobile.twitter.com/public/status/1364218786757419011

[TargeT]

7 mil volume today.. haven't seen it that low since Jan 12th... (when the build up to the big spike started...)

HHHmmmmmmmm CFO is resigning the day AFTER the 25th earnings report.. SI report comes out tomorrow evening.... Stimulus, Tax returns... and n Mar 25th the ER.... LOTS of good potentials to look forward to... and it's building one hell of a base currently (the whole market went down today, not GME other than a brief dive in the AM that was quickly recovered)

Pressure is slowly building still...

They are adding PC sales to their stores and app... I'm seeing a lot of positive movement.

[TargeT]

Live stream from tonight... Dave Porta-whocares vrs Vlad (from RoobinHood)...

Vlad sure is a slimy guy... this knock off keanu reves can handle some heat! (watch his eyes, how many people are in the room with him ya think? and what about that clearly-a-prop-hat ... haha)

LqoJApzkaPU

I love where this is going, hope RH isn't just a fall guy for the people who deserve real scrutiny.

[onevoice]

I love where this is going, hope RH isn't just a fall guy for the people who deserve real scrutiny.

Although RH restricting the buying of the GME, AMC and other high demand stocks had a huge impact on the fairness of the stock exchanges, I think the elephant in the room that the politicians and the regulators of the stock market is not talking about is the Failure to Deliver (FTD). The FTD has been going on for many years, and the whales of the industry has been getting away with this without too much negative consequences. I hope the politicians will strong arm the SEC to enforce stronger negative consequences so that the FTD can be lessened much more than it is today. If the whales were forced to fully cover their shorts, the second squeeze would already have happened. As long as the whales of the industry can get away with FTDs, they will not change their ways and continue to make huge money with little negative consequence to their routine business model. With that said, I don't have much faith that any meaningful regulatory changes will be forthcoming from the congressional hearings to level the playing field for the retail traders.

[TargeT]

I love where this is going, hope RH isn't just a fall guy for the people who deserve real scrutiny.

Although RH restricting the buying of the GME, AMC and other high demand stocks had a huge impact on the fairness of the stock exchanges, I think the elephant in the room that the politicians and the regulators of the stock market is not talking about is the Failure to Deliver (FTD). The FTD has been going on for many years, and the whales of the industry has been getting away with this without too much negative consequences. I hope the politicians will strong arm the SEC to enforce stronger negative consequences so that the FTD can be lessened much more than it is today. If the whales were forced to fully cover their shorts, the second squeeze would already have happened. As long as the whales of the industry can get away with FTDs, they will not change their ways and continue to make huge money with little negative consequence to their routine business model. With that said, I don't have much faith that any meaningful regulatory changes will be forthcoming from the congressional hearings to level the playing field for the retail traders.

There is quite a popular movement trying to force this currently... to great loss for many.... but this maybe the "effective" occupy wallstreet.

The math says there will be a disturbance, the can has been kicked about as far as possible sans something I don't understand yet (and to be honest, I just learned about ETF proxy shorting last week!).

Volume today was the lowest it's been since 12th of Jan, right before the previous (stopped) squeeze.

Anyway, this captures it well
cHY84gUjMCU

[TargeT]

Common intent across millions of people has a quantum effect on reality (but most of us here knew that, right?)

I think the GME situation is forming up to be one of those types of events, several large events have been studied & the aberrations caused by mass focus is very interesting.


Princeton University research shows collective action works

The conclusion (arrived at before March 22) was that when human consciousness becomes coherent, the behaviour of random systems change. In more scientific terms, the GCP website explains it thus: Random number generators (RNGs) based on quantum tunnelling produce completely unpredictable sequences of zeroes and ones. But when a great event synchronises the feelings of millions of people, our network of RNGs becomes subtly structured.” The odds that such a rogue behaviour by random number generators is due to chance, according to Nelson, is one in a trillion.

The message is, collective consciousness impinges on physical reality.
https://www.thehindubusinessline.com/news/princeton-university-research-shows-collective-action-works/article31264154.ece

Pressure is building on the stock, if you joined the train hold steady! it's getting very interesting again!

[Blastolabs]

46199Not sure if this has been posted

[TargeT]

29% gain so far today... hold steady if your in... this has the makings of hitting 10k+ per share after these last 2 months of pressure building.

Time to redistribute some wealth! (probably next month, realistically... this is just a preview)



Edit: 50%! hahaha


DFV bought 100,000 shares last friday, he's already made several million again today.. the genius!


Edit 2: 95+% gain today!

[onevoice]

29% gain so far today... hold steady if your in... this has the makings of hitting 10k+ per share after these last 2 months of pressure building.

Time to redistribute some wealth! (probably next month, realistically... this is just a preview)



Edit: 50%! hahaha


DFV bought 100,000 shares last friday, he's already made several million again today.. the genius!


Edit 2: 95+% gain today!
It closed up 103.94% today at $91.71, probably just starting its run. Towards the end of the trading day, the circuit breaker to the upside tripped twice, the last one lasted into the market close. If it wasn't for being halted the last time, it probably would have closed above $100. Starting to recover some of my steep loss, I got lot of skin in this stock now. The math was right, plus I believed in what DFV did. Currently this stock is the most shorted stock.

Edit 1: Early in the after hours, it is trading above $124!

[onevoice]

Common intent across millions of people has a quantum effect on reality (but most of us here knew that, right?)

I think the GME situation is forming up to be one of those types of events, several large events have been studied & the aberrations caused by mass focus is very interesting.


Princeton University research shows collective action works

The conclusion (arrived at before March 22) was that when human consciousness becomes coherent, the behaviour of random systems change. In more scientific terms, the GCP website explains it thus: Random number generators (RNGs) based on quantum tunnelling produce completely unpredictable sequences of zeroes and ones. But when a great event synchronises the feelings of millions of people, our network of RNGs becomes subtly structured.” The odds that such a rogue behaviour by random number generators is due to chance, according to Nelson, is one in a trillion.

The message is, collective consciousness impinges on physical reality.
https://www.thehindubusinessline.com/news/princeton-university-research-shows-collective-action-works/article31264154.ece

Pressure is building on the stock, if you joined the train hold steady! it's getting very interesting again!

I've been studying this phenomena for a number of years, it's great to see scientific study about the power of consciousness and having evidence to prove it. The study was formalized by the Global Consciousness Project (https://global-mind.org/results.html#alldata).

The following graph summarizes the finds of this project. The bottom straight black dashed line shows the expected results of sampling random number generators as a baseline. The red jagged line depicts the collected results from several random number generator sites located at various places around the world. During each major world events such as the 9/11 attack, there were strong deviations of the random number generators.
https://baggage-wm.livelink.io/wm.albums/gallery.photos3.walmart.com/galleries-c662470b87289dbcdaa84ee8cd44955c-15632886997.jpg?token=cnc5ZjYyYzsxNjE0MTYwODAwOzMzYWM1ZmQ5NGM1NThkMTcwZjU0ZTM4NGZm%0AMzU4ODc3Zjk4YWJ iNzc5ZWY4ZjMwNWE0ZTYyMmE2YzhmZDQ1ZTQ%3D%0A

[TargeT]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

[onevoice]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

It closed at $168.00 after hours. 83M total volumes for today, most of it during the last hour of the normal trading day, most of it between 2:45 pm - 6:15 pm today, what an exhilarating day! The chart for today and for the past 5 days looks like a hockey stick.

[TargeT]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

It closed at $168.00 after hours. 83M total volumes for today, most of it during the last hour of the normal trading day, most of it between 2:45 pm - 6:15 pm today, what an exhilarating day! The chart for today and for the past 5 days looks like a hockey stick.

150mil volume thursday, 90mil friday.... estimated 33million shares shorted... this is getting SPICY!!


Probably because we allow creatures like this to be in charge of ANYTHING?
kZ_R8eF9AwA

This shill for the banks is the reason our economy is going to crash soon... I can't believe what the FED is doing.

[TargeT]

This beautiful piece is analogous to what is happening with GME currently (IMO)... collaborative power when coalesced is insanely impressive.

8Fow61Zsn2s

But even individuals can make the same splash with effort :
9Qpgh63l2n4


(I'm clearly still addicted to vocal sea shanties )

Humanity concentrated is a terrifyingly beautiful thing

PV-052YJ-Zs

[gord]

I love the sea shantys. I'm not a participant in the GME thing, but I'm fascinated.


collaborative power when coalesced is insanely impressive.

Another sea-themed way of saying visually what you're saying.
http://cafefcdn.com/zoom/600_375/2019/3/7/ban-le-avar-2-1551954730929968205971-crop-155195473782642829557.jpg

[Mypos]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

It closed at $168.00 after hours. 83M total volumes for today, most of it during the last hour of the normal trading day, most of it between 2:45 pm - 6:15 pm today, what an exhilarating day! The chart for today and for the past 5 days looks like a hockey stick.

Are we still talking about Gamestop here? I see it reach 108 dollar at 25 febr? Not 168.

[onevoice]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

It closed at $168.00 after hours. 83M total volumes for today, most of it during the last hour of the normal trading day, most of it between 2:45 pm - 6:15 pm today, what an exhilarating day! The chart for today and for the past 5 days looks like a hockey stick.

Are we still talking about Gamestop here? I see it reach 108 dollar at 25 febr? Not 168.

If you will note the date I posted the post you referenced, it was on 2/24. On that date, it officially closed around $92 at 4PM, which is the end of normal day trading time. After that, it traded during after hours to reach the $168 at 8 pm. Many stock trade 4:00 am to 9:30 am and 4:00 pm to 8:00 pm, which are the after hours trading periods. This is a highly volatile stock with wildly swinging price.

[Mypos]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

It closed at $168.00 after hours. 83M total volumes for today, most of it during the last hour of the normal trading day, most of it between 2:45 pm - 6:15 pm today, what an exhilarating day! The chart for today and for the past 5 days looks like a hockey stick.

Are we still talking about Gamestop here? I see it reach 108 dollar at 25 febr? Not 168.

If you will note the date I posted the post you referenced, it was on 2/24. On that date, it officially closed around $92 at 4PM, which is the end of normal day trading time. After that, it traded during after hours to reach the $168 at 8 pm. Many stock trade 4:00 am to 9:30 am and 4:00 pm to 8:00 pm, which are the after hours trading periods. This is a highly volatile stock with wildly swinging price.

Check. Im doubting about buying some. Im a stock market noob but i believe in these times of crisis there is a ****load of money to be made on the stock market or crypto market because a whole lot of money from the stimulus packets lands there. So im thinking of tippin my toe in the stock market waters.

[onevoice]

The stock is holding around a 250% gain for the day, though aftermarket trading brought it up to 320%+ for abit there

This is just the start... we haven't broken out yet.



Edit 1: Early in the after hours, it is trading above $124!

Seems to found a support at 150, though it briefly touched 200

After hours continues till 8pm IIRC, so we shall see where this beast goes

It closed at $168.00 after hours. 83M total volumes for today, most of it during the last hour of the normal trading day, most of it between 2:45 pm - 6:15 pm today, what an exhilarating day! The chart for today and for the past 5 days looks like a hockey stick.

Are we still talking about Gamestop here? I see it reach 108 dollar at 25 febr? Not 168.

If you will note the date I posted the post you referenced, it was on 2/24. On that date, it officially closed around $92 at 4PM, which is the end of normal day trading time. After that, it traded during after hours to reach the $168 at 8 pm. Many stock trade 4:00 am to 9:30 am and 4:00 pm to 8:00 pm, which are the after hours trading periods. This is a highly volatile stock with wildly swinging price.

Check. Im doubting about buying some. Im a stock market noob but i believe in these times of crisis there is a ****load of money to be made on the stock market or crypto market because a whole lot of money from the stimulus packets lands there. So im thinking of tippin my toe in the stock market waters.

If you are new to stock trading, I would suggest buying something safer with lot less volatility. There is good probability that buying GME will be profitable if the short squeeze that we have been discussing on this thread happens again. However, the big hedge funds have many tricky maneuvers that they can do to improve their odds at our expense. Also since this stock is very volatile, the value of your investment can vary wildly during a day and especially several days of trading. Also as TargeT has pointed out, don't invest more than you can afford to lose the entire investment.

[TargeT]

So im thinking of tippin my toe in the stock market waters.

Best way to learn is just buy a small amount, get some skin in the game...

I've done a large amount of research in the last few months on investing because I had shares on the line ;)

Hell investing has changed my sleep schedule and I clean more now too... nothing but good :P haha


However, the big hedge funds have many tricky maneuvers that they can do to improve their odds at our expense.





150mil volume thursday, 90mil friday.... estimated 33million shares shorted... this is getting SPICY!!


49mil volume today... just insane amounts of transactions from previous levels. (average was 38mil/day volume)Something is going on; don't have enough data to do anything but guess at this point (for me anyway).




If you are new to stock trading, I would suggest buying something safer with lot less volatility. There is good probability that buying GME will be profitable if the short squeeze that we have been discussing on this thread happens again.


I would have agreed with you 2 weeks ago, but given recent events I'd say GME is actually a pretty safe move at this time.

https://i.redd.it/3ke7d8ffuek61.jpg

it has the correct technical indicators & the business is making aggressive moves plus they are expected to have higher than predicted profit for Q4 last year.


There are certainly less volatile stocks, but if I were a financial advisor I'd feel more than comfortable suggesting this stock based on the fundamental & technical strong points.

[TargeT]

Lot of interesting DD in this video and observations on the VERY strange movement in the GME stock price & volume levels

BT-QoJmlEEQ

He has an interesting theory that the last weeks actions were a battle between HF's and a whale (or maybe another HF?) they seem to be trying to FORCE a squeeze....

[DaveToo]

Hey Target,I'm curious to know your Gameplay?

Given the roller-coaster ride the stock has been on, do you have the balls to see this one
shoot into the 200-300's or higher or will you be glad to recover your entry money assuming
it reaches $192?

[TargeT]

Hey Target,I'm curious to know your Gameplay?

Given the roller-coaster ride the stock has been on, do you have the balls to see this one
shoot into the 200-300's or higher or will you be glad to recover your entry money assuming
it reaches $192?

Just keeping watch... I've averaged down to 174 for break even.... (892 shares currently)

I'll post more later today... today is important.

I'm expecting a peak of 1000+ per share (maybe VASTLY+)

[TargeT]

There are several dates coming that have interesting situations

For example, Today:

March 5th (TODAY)
CALLS:

20k calls at $800 (we want at least this 💎 🙌)
30k calls at $200 (🚀🚀)
16k calls at $150 (🚀)
9k calls at $130 (already ITM)
7k calls at $120 (already ITM)
5k calls at $125 (already ITM) #### PUTS:
5k puts at $100
5k puts at $120
4k puts at $50
Compares to PUts, CALLs seems VERY BULLISH to me and there are already 21k ITM calls above $120 price which means if those calls are exercised (2M shares) then the price can easily go above $150 activating another 16K calls at $150 which can possibly active 30k $200 calls that can result triggering the final $800 calls.

So its simply a DOMINO EFFECT that others have been discussing since long time and I think this could HAPPEN TODAY
https://www.reddit.com/r/GME/comments/lyaw39/big_bananas_today_050421_ape_dd_time/

There is potential there, and yesterday the battle for $130 was very entertaining to watch (and it continued after hours)... Today has the potential to be very exciting as well.

I'll adjust my exit strategy based on volume and movement, right now I have no exit strategy below $1000 a share.

[TargeT]

WALL STREET: Citizen Journalist/Retail Investor LEAKS RECORDING to Veritas of
@MerrillLynch
Employee Admitting Bank Had ‘Taken the Side of the Institutional Investors’ in the Same Day
@RobinhoodApp
Restricted Trading … ‘It Sounds Fishy’ … ‘It Sounds Strange’
https://twitter.com/JamesOKeefeIII/status/1367890148998909956?s=20


I was hoping something like this would happen, but this doesn't seem like a smoking gun....


NEXT Congressional hearing is the 17th of this month


I was thinking GME would hit 200 today, but unless "power hour" is REALLY intense I think it's going to be a battle for closing over 150 so some 8000 Call's expire "ITM" (in the money, aka worthless).

Not the significant moving that I thought *MIGHT* happen.

[iota]

Hey Target,I'm curious to know your Gameplay?

Given the roller-coaster ride the stock has been on, do you have the balls to see this one
shoot into the 200-300's or higher or will you be glad to recover your entry money assuming
it reaches $192?

Just keeping watch... I've averaged down to 174 for break even.... (892 shares currently)

I'll post more later today... today is important.

I'm expecting a peak of 1000+ per share (maybe VASTLY+)


hang in there T ... there are similar contracts up for March 12 and March 19th
today (Fri mar 5) was just the rehearsal for these two coming up
just like the crap they started with the masks to see how far they could take it,
how compliant we'd be

the following two fridays now will be the "real" deal based on the cues they learned from today

but some of us were watching THEM as well and took our own notes

right as market opens on Fri .. it starts low and soars for next hour

THEN at exactly 11:26 am

ALL markets tank

i mean ALL

Amzn .. (yes ashamed to have gone there because i hate them but i'd always kept an eye out and BEFORE i hated them had "below $3000 as too good to pass up price to not get at least a piece in so i got in at 2960) just a piece and i still hate them

but as i was saying ... ALL of them tanked in perfect orchestration at EXACTLY 11:26 am

Apple, Microsoft, my fav indulgence GEVO, TSLA .. not that i'd invest with Bill Gates, but i checked to see if it tanked too and it did ..

in short when i caught wiff of that trend .. i started looking at several and there was NO exception in all my checking and now i want to know WHY?

they have a LOT of nerve to think NO ONE would notice
though in actuality, if anyone besides me caught this?
i haven't heard tell of it from anyone else ...

go back and check it out ... on Friday ... all the major players had a huge dip, when i hovered to see the time? they all came up as having occurred 11:26

WHO orchestrated an EXACT time to dump shares so they would tank at 11:26?

i mean .. i'd like to know who to thank and all ...

only a few times did GME dip down to 118 range and that lasted exactly seconds ... not more than 3 seconds to be precise

and the end was steady

it was like a battle between the puts and calls

one would manage to bring down and the other would counter and bring it back up

what i did is buy in more when it dipped ... like in the teens ... to bring cost per share break even down

i'm certain BOTH days will go to at least 150-200 and possibly the 800 you mentioned ... especially on these fridays? i feel it will soar ... BOTH days
as i feel it is less and less a "natural" occurrence as much as an "orchestrated" one, and i'm not speaking of just GME

i'm speaking of major players shorting and buyin/selling contracts for puts and calls
once they've invested? there is no way i believe that they'll just cross their fingers and hope for the best .... i'm POSITIVE they start moving stock around to effect THEIR end game ...

which was WHY they were SO UPSET that this happened with GME

HOW dare the ordinary person pull off what THEY had as THEIR proprietary perogative?

though something is coming even out of their control that makes me the party will be over ALL The way around BY April 30

the pedo imposter thief and Chinese asset will be signing whatever EO he is being ordered to sign by the now quite evident overlords as even MSM is no longer pretending he has ANY mental capacity to care for himself much less come up with a cohesive plan to run a soccer team.. asking ANYONE to believe he is the one running the greatest country on the planet? that is hilarious ...

or would be if it wasn't so infuriating ...

point being ... the overlords are giving him something to sign on April 30 that WILL impact the market and you know this will send ALL markets DOWN until the specifics are disclosed ...

what happens after? is anyone's guess

in the meantime, i'm watching ... as best as i can tell ...

the ones who buy the puts and calls play ALL in on those days to FORCE their hands to win ... especially the 3rd fri ... key date .. this will be the last one i play though most likely

good luck friend
i'm there with you

my son loved gamestop ...
so i'm good with losing what i put in if i do ...
he would have done it in a heart beat with a sweet smile on his face ...:heart:
:flower:

[Mypos]

Nice rally today! I bet TargeT is one happy camper. ;)

[TargeT]

Nice rally today! I bet TargeT is one happy camper. ;)

All my numbers are green, but this is just a preview, 800-1000 will just be the result of a gamma squeeze, it could go much much higher.


DFV doubling down at 38 then it goes to 200 a week or so later is some historical trading... this guy is a legend,,, he took 50k and turned it into 40 mil

[TargeT]

i'm there with you

my son loved gamestop ...
so i'm good with losing what i put in if i do ...



Up another 20% today to around $240.... doesn't look like loosing money is on the menu for those that are patient. ;)

[Mypos]

Nice rally today! I bet TargeT is one happy camper. ;)

All my numbers are green, but this is just a preview, 800-1000 will just be the result of a gamma squeeze, it could go much much higher.


DFV doubling down at 38 then it goes to 200 a week or so later is some historical trading... this guy is a legend,,, he took 50k and turned it into 40 mil

Awesome. Im planning of turning my 300 euros into a few million. :) With the money im gonna buy a farm and start growing veggies and fruits for everybody for free.

[TargeT]

Awesome. Im planning of turning my 300 euros into a few million. :) With the money im gonna buy a farm and start growing veggies and fruits for everybody for free.

Once in a life time opportunity.... I'm super hyped... After market closed at 261!!!!!!!!!

7EgHf4r1El0

[waves]

Excuse me for being too lazy to figure this out myself, but could someone please explain this GME question in newbie terms.

I sort of get what the massive naked shorting of GME means and why Robinhood slammed the door on the big buying surge a couple weeks ago and how huge the economic fallout would have been to those with their dirty hands in the naked shorting cookie jar.

I thought I picked up that it was a huge crisis for the stock to exceed the naked short price because the difference would have to be covered very soon like 10 days or something.

So the stock is now rapidly inching up instead of rocketing up, it's surely been way past the shorting prices for over 10 days and there's no more dread panic about the date that all the shorts have to be covered.

Could someone explain when the naked shorts have to be covered, by who and at what GME price do things get really gnarly for the losers... and/or any other factors it's obvious I'm not including?

It's just so quiet with the stock obviously heading the same direction.

THANKS!

[Blastolabs]

I'm not totally sure but from what I have read the hedge funds continue to dig the whole deeper by buying more shorts to try and bring the price down.

Despite all this manipulation the price is still holding, so as long as the retail investors continue to hold the price will continue to hold or slowly go up while the hedge funds continue to dig the whole deeper meaning when it does skyrocket it will only go higher.

The vibe on reddit is stronger than ever so I'm more confident today than ever that we will actually see the price go above 1,000 at some point.

[Mypos]

I'm not totally sure but from what I have read the hedge funds continue to dig the whole deeper by buying more shorts to try and bring the price down.

Despite all this manipulation the price is still holding, so as long as the retail investors continue to hold the price will continue to hold or slowly go up while the hedge funds continue to dig the whole deeper meaning when it does skyrocket it will only go higher.

The vibe on reddit is stronger than ever so I'm more confident today than ever that we will actually see the price go above 1,000 at some point.

But how can the price skyrocket when the big hedge funds are constantly trying to tank the price with selling the stock? Do the big hedgefunds even still own some stock they can sell? If that so why dont they sell it at once to tank the price?

[TargeT]

The vibe on reddit is stronger than ever so I'm more confident today than ever that we will actually see the price go above 1,000 at some point.

It got to around 330 ... it's really startin to go up rapidly, but then it dropped to 175... (back to 250ish now) it's a wild ride, not for the faint of hart!

This is a very compressive list detailing the situation currently, but it is quite lengthy:
https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/

but in short (heh) Large hedge funds have shorted more stocks than are being traded, so if we don't sell they will have to cover eventually and this will drive the price up to astronomic values (it's already up almost 1000% from a week or so ago, haha)


But how can the price skyrocket when the big hedge funds are constantly trying to tank the price with selling the stock? Do the big hedgefunds even still own some stock they can sell? If that so why don't they sell it at once to tank the price?

They have to cover the short sales they are making to drive the price down, which will drive the price up (unless the stock goes to 0, then they win).

the higher the price goes the more shares they have to buy back and cover, so currently they are pretty screwed, especially if it closes above 350 today (which maybe is possible?)

[Blastolabs]

Just heard that a Short Selling Restriction (SSR) went into effect sometime today.

So they can't manipulate the price anymore and the "stimmy" checks are about to come out.

Sounds like a perfect storm

[TargeT]

Just heard that a Short Selling Restriction (SSR) went into effect sometime today.

So they can't manipulate the price anymore and the "stimmy" checks are about to come out.

Sounds like a perfect storm

this goes into effect any time the stock price drops below 10% of the previous day's close ( that target price was like 216 or something for today, and it hit like sub 200 for asec there)... so now the rest of the day and all day tomorrow they can only short on "up ticks" (when it is gaining in value) and not short it down in a huge way like they did today.

this has happened several times before, it would have been better for it to happen tomorrow, contracts close on friday so you want to maintain a level above 350 by close on friday to cause some REAL panic.

[onevoice]

The stock nose dived around 12:30 PM EST, on 1.85M volume, then around 12:55 pm, it came back up to $265 on volume of 2M. So some big whales tried to tank the stock, and other whales brought it back up. The stock is seeing strong institutional support at around $255. Today's volume was around 71M, slightly above the 10 day average volume of 59M. The overall positive (buying) directional movement indicator has been trending up since March 5th. My portfolios are now at the highest point over the past year.

I have GME on just about all my portfolios.

[TargeT]

The stock nose dived around 12:30 PM EST, on 1.85M volume, then around 12:55 pm, it came back up to $265 on volume of 2M. So some big whales tried to tank the stock, and other whales brought it back up. The stock is seeing strong institutional support at around $255. Today's volume was around 71M, slightly above the 10 day average volume of 59M. The overall positive (buying) directional movement indicator has been trending up since March 5th. My portfolios are now at the highest point over the past year.

I have GME on just about all my portfolios.

I find it quite interesting that several MSM outlets published lengthy atircles about the price dip almost exactly as it happened... very coordinated IMO (no articles about the epic climbs of the last few days)...

This is just more evidence that there is real panic and a concerted effort to drive this price down as hard as possible.

I dunno if this is legit or not (it could have been photoshopped I guess) but I've seen a lot of stuff like this, this one happened before the crash even had occurred??

https://twitter.com/ScottSugrue/status/1369718869485555712

another one before the huge dip :

https://twitter.com/MrDavidNIO/status/1369733681259053061?s=20

These two articles are now deleted:
https://i.redd.it/v0x5m6rnr9m61.jpg

https://twitter.com/MrDavidNIO/status/1369770168637812741


Anyway, very SUS..... discussed further here (and on many threads): https://www.reddit.com/r/GME/comments/m23rv8/this_is_how_you_know_that_the_entire_system_is/

[onevoice]

The stock nose dived around 12:30 PM EST, on 1.85M volume, then around 12:55 pm, it came back up to $265 on volume of 2M. So some big whales tried to tank the stock, and other whales brought it back up. The stock is seeing strong institutional support at around $255. Today's volume was around 71M, slightly above the 10 day average volume of 59M. The overall positive (buying) directional movement indicator has been trending up since March 5th. My portfolios are now at the highest point over the past year.

I have GME on just about all my portfolios.

I find it quite interesting that several MSM outlets published lengthy atircles about the price dip almost exactly as it happened... very coordinated IMO (no articles about the epic climbs of the last few days)...

This is just more evidence that there is real panic and a concerted effort to drive this price down as hard as possible.

I dunno if this is legit or not (it could have been photoshopped I guess) but I've seen a lot of stuff like this, this one happened before the crash even had occurred??

https://twitter.com/ScottSugrue/status/1369718869485555712

another one before the huge dip :

https://twitter.com/MrDavidNIO/status/1369733681259053061?s=20

These two articles are now deleted:
https://i.redd.it/v0x5m6rnr9m61.jpg

https://twitter.com/MrDavidNIO/status/1369770168637812741


Anyway, very SUS..... discussed further here (and on many threads): https://www.reddit.com/r/GME/comments/m23rv8/this_is_how_you_know_that_the_entire_system_is/

This poster (DrConnors) on reddit nailed it. He shares link to the image of the news article that was allegedly posted on 11:55 EST but later deleted at the end of his post.


Just sent a letter to my congressman about the manipulation today. Please do the same! Feel free to use my template!

Dear Congressman,

Today the GameStop stock took a rapid plummet of 40% of its share value after a steady climb for the past week.

However, a journalist named Wallace Witkowski with Market Watch published an article speaking of it's rapid descent on March 10, 2021 at 11:55am EST. The stock did not fall until 12:18pm EST.

This is clear evidence that mainstream media is siding with the Hedge Funds to try and spread fear while getting people to sell, thus further dropping the stock price so that shorts can be cleared at lower trading prices.

I implore you to please look into this. Pressure the SEC, DTCC and your peers to get to the bottom of this price manipulation. This is not fair, free-market trading, and these coordinated attacks cannot go without consequence.

Here is a tweet from DavidNIO, who documented the publication when it happened. As expected, the article has since been re-released at a later time that fits the time-line after the stock's price fall.

https://mobile.twitter.com/MrDavidNIO/status/1369733681259053061?s=19

Thank you for your deep concern in this matter. I know you are on the side of fair trading, and look forward to hearing your thoughts in future hearings.

Sincerely,

Here is a copy of the article submitted at 11:55 EST, 28 minutes BEFORE the stock started to free-fall.
https://imgur.com/gallery/TOpWMwB

[iota]

The stock nose dived around 12:30 PM EST, on 1.85M volume, then around 12:55 pm, it came back up to $265 on volume of 2M. So some big whales tried to tank the stock, and other whales brought it back up. The stock is seeing strong institutional support at around $255. Today's volume was around 71M, slightly above the 10 day average volume of 59M. The overall positive (buying) directional movement indicator has been trending up since March 5th. My portfolios are now at the highest point over the past year.

I have GME on just about all my portfolios.

I find it quite interesting that several MSM outlets published lengthy atircles about the price dip almost exactly as it happened... very coordinated IMO (no articles about the epic climbs of the last few days)...

This is just more evidence that there is real panic and a concerted effort to drive this price down as hard as possible.

I dunno if this is legit or not (it could have been photoshopped I guess) but I've seen a lot of stuff like this, this one happened before the crash even had occurred??

https://twitter.com/ScottSugrue/status/1369718869485555712

another one before the huge dip :

https://twitter.com/MrDavidNIO/status/1369733681259053061?s=20

These two articles are now deleted:
https://i.redd.it/v0x5m6rnr9m61.jpg

https://twitter.com/MrDavidNIO/status/1369770168637812741


Anyway, very SUS..... discussed further here (and on many threads): https://www.reddit.com/r/GME/comments/m23rv8/this_is_how_you_know_that_the_entire_system_is/

This poster (DrConnors) on reddit nailed it. He shares link to the image of the news article that was allegedly posted on 11:55 EST but later deleted at the end of his post.


Just sent a letter to my congressman about the manipulation today. Please do the same! Feel free to use my template!

Dear Congressman,

Today the GameStop stock took a rapid plummet of 40% of its share value after a steady climb for the past week.

However, a journalist named Wallace Witkowski with Market Watch published an article speaking of it's rapid descent on March 10, 2021 at 11:55am EST. The stock did not fall until 12:18pm EST.

This is clear evidence that mainstream media is siding with the Hedge Funds to try and spread fear while getting people to sell, thus further dropping the stock price so that shorts can be cleared at lower trading prices.

I implore you to please look into this. Pressure the SEC, DTCC and your peers to get to the bottom of this price manipulation. This is not fair, free-market trading, and these coordinated attacks cannot go without consequence.

Here is a tweet from DavidNIO, who documented the publication when it happened. As expected, the article has since been re-released at a later time that fits the time-line after the stock's price fall.

https://mobile.twitter.com/MrDavidNIO/status/1369733681259053061?s=19

Thank you for your deep concern in this matter. I know you are on the side of fair trading, and look forward to hearing your thoughts in future hearings.

Sincerely,

Here is a copy of the article submitted at 11:55 EST, 28 minutes BEFORE the stock started to free-fall.
https://imgur.com/gallery/TOpWMwB

this is EXACTLY what i was talking about that i noticed on March 5

how is it possible that ALL major stocks would tank at PRECISELY 11:26 am NATURALLY?

it HAD to be orchestrated and i'm CERTAIN the same happened today

when they tanked GME and it dove below 200? i tried to buy in some more and was prevented from doing so ...

the price had soared to ALMOST $350!!!!! ($348)

when it opened again? it never went back up to 300

i've got my fingers crossed for Friday ... it should soar above $400 that day ... and lots of contracts (calls) with 800 strike price :clapping:

[TargeT]

i've got my fingers crossed for Friday ... it should soar above $400 that day ... and lots of contracts (calls) with 800 strike price :clapping:

SSR got triggered again today, so Friday it will only be allowed to get shorted on the upticks (as the price is rising).

Today has been pretty boring so far, mostly sideways, about 5% down so far. (though there were some huge predictions for this afternoon, so who knows?)

[iota]

i've got my fingers crossed for Friday ... it should soar above $400 that day ... and lots of contracts (calls) with 800 strike price :clapping:

SSR got triggered again today, so Friday it will only be allowed to get shorted on the upticks (as the price is rising).

Today has been pretty boring so far, mostly sideways, about 5% down so far. (though there were some huge predictions for this afternoon, so who knows?)

yesterday was difficult ... it is the anniversary of laying my baby to rest ... its hard here because i'm so used to expressing myself candidly and brutally honestly ... you all don't know me well enough yet and might not understand me yet ...

so i went on the dreaded fb that i had abandoned in protest of their TOS ... posts with no less than 190 people dear to me expressing their love who had honored me with performing random acts of kindness in times past ... the tears had flowed yesterday as i could not even manage the attempt to hold them back

today they flowed again with deep appreciation for the loving kindness in humanity and the extraordinary people whose love and kindness do nothing less than absolutely sustain me ... i was sure they had all forgotten me by now ...

i've watched the price move at an incredibly slow pace ... i thought it was just me kinda in a daze ... but no the clock says it really is moving at a snails pace

i'm a little over a grand in ...

what happens happens
as i said my son LOOOOVED Gamestop

i still have ALL of his consoles in his room ... from the very first Nintendo to the last Playstation
games were his guilty pleasure
i'm sure he's getting a kick out of this
at least i hope so

[The Moss Trooper]

Yeah,

felt that Iota.

My heartfelt condolences to you.

X

[iota]

Yeah,

felt that Iota.

My heartfelt condolences to you.

X

truly thank you Moss Trooper

i was a little lost there for a bit ...
please know every bit of kindness absolutely makes a difference

:flower:

the GME stock price almost touched $300 today

made me smile

i bet it will go there and higher fri 19th

[TargeT]

the GME stock price almost touched $300 today

made me smile

i bet it will go there and higher fri 19th

Most people have no idea what's about to happen...

My time line ends around June... but the next week might be very very exciting.

:)

next friday is the quad witching day (extreme potential pressure on the stock via shorts)... we'll see... I've been patient this far, I can continue.

[iota]

the GME stock price almost touched $300 today

made me smile

i bet it will go there and higher fri 19th

Most people have no idea what's about to happen...

My time line ends around June... but the next week might be very very exciting.

:)

next friday is the quad witching day (extreme potential pressure on the stock via shorts)... we'll see... I've been patient this far, I can continue.

i was wondering what you'd decide ... i thought of you as i saw it hit your break even and soar even higher ...
then when it went down i wondered if you had cashed in or held out?

i leaned towards you holding out
i did too

[TargeT]

the GME stock price almost touched $300 today

made me smile

i bet it will go there and higher fri 19th

Most people have no idea what's about to happen...

My time line ends around June... but the next week might be very very exciting.

:)

next friday is the quad witching day (extreme potential pressure on the stock via shorts)... we'll see... I've been patient this far, I can continue.

i was wondering what you'd decide ... i thought of you as i saw it hit your break even and soar even higher ...
then when it went down i wondered if you had cashed in or held out?

i leaned towards you holding out
i did too

I used to have 892 shares. I now have 810 shares... Pulled out a tiny bit (at a 70% profit) to put into TSLA because I don't want to feel the FOMO so hARD.. haha.

just because I realized I'm not as comfortable going 100% in as I thought I was (I guess age and knowledge?)

[iota]

the GME stock price almost touched $300 today

made me smile

i bet it will go there and higher fri 19th

Most people have no idea what's about to happen...

My time line ends around June... but the next week might be very very exciting.

:)

next friday is the quad witching day (extreme potential pressure on the stock via shorts)... we'll see... I've been patient this far, I can continue.

i was wondering what you'd decide ... i thought of you as i saw it hit your break even and soar even higher ...
then when it went down i wondered if you had cashed in or held out?

i leaned towards you holding out
i did too

I used to have 892 shares. I now have 810 shares... Pulled out a tiny bit (at a 70% profit) to put into TSLA because I don't want to feel the FOMO so hARD.. haha.

just because I realized I'm not as comfortable going 100% in as I thought I was (I guess age and knowledge?)

ah T!!!

i understand!!

TSLA is my long term fav ...
remember the dip i told you happened everywhere fri mar 5?

(i SAW it at 11:26 am but if you look at charts on dip that day now they all say it happened at 11:15 am)

anyway, astonishing that TSLA went to $560's ...

took me a moment to react
and so by the time light bulb went off i bought in at 622

but THAT one SHOULD go past $1000
and some speculate as high as $10,000

if anything is left of GME when this is over?
i will put it into TSLA

i have apple at $116 as well
and that makes up about 48% of Warren Buffet's portfolio
but my stomach turns because of bill gates so that one is going bye bye
even though profiting from the devil and all has its temptation
just want to wash my hands clean and all ...

i'm silly i know ...:o

[TargeT]

Give even the HINT of money to poor people and look what would happen to the world:

https://www.reddit.com/r/wallstreetbets/comments/m4i2ib/a_message_to_wsb_from_the_director_of_the_dian/

GME investors are adopting gorillas,,, mostly because it's meme worthy, but also because they are just.............. GOOOD PEOPLE

[TargeT]

Congressional hearing today.. so many "dates" coming up, I feel like it's pre 2012 again, except math based..

The legend is still here for us

vz_EUanAvok

Plus so many cryptic tweets (if you have been keeping up) from major players... I'm very bullish right now on $GME

[TargeT]

Next potential catalyst happens tomorrow after market close (GME earnings report).. the media coverage (both MSM and "alternate") will be what matters afterward though.

https://i.redd.it/a3qsk6c6gmo61.jpg

Lots of lawsuits coming out of the wood work...

u5dBns1lTko

still interesting, might not do anything fantastic till late arpil (last year that's when they did a share recall to see who could vote for board members in june, they are doing another vote this june) or it could be tomorrow after the ER... we are just waiting for the straw that starts the gamma squeeze which will lead to the short squeeze.

good entertainment either way, as of today it's still up about 300% in the last month or so.

[iota]

the much anticipated earnings call happens in a few hours

(RTTNews) - GameStop Corp. (GME) will host a conference call discussing their earnings results in their 2020 Fourth Quarter on March 23, 2021 at 5:00 PM Eastern Time.


To access the live webcast, log on to http://investor.GameStop.com

To listen to the call, dial 877-451-6152 with confirmation code 13715567.

:flower:

[TargeT]

earnings call missed projections by 1%....... ignored (well, at the least didn't use an inspirational speaker for) future expansion and didn't ahve Ryan Cohen talk.. I feel like this was intentional... GME has a perfect Cup and Handle pattern (https://www.investopedia.com/terms/c/cupandhandle.asp)

the price dropped down to $150 (it was 40 a month or so ago) the set up is very sexy right now... I cannot say when, but soon :) FWIW (the entire week was 1/4 to 1/5th less volume than the weekly average, this is a VERY common situation right before a squeeze... I'm still very bullish)


do your own research and never invest more than you are willing to loose (i'm buying more tomorrow, not Financial Advice)

I am not a financial advisor, but I have literally spent every single cent I can on this stock, I feel *(based on data, which I hope I have sufficiently linked)* that the "fair market value" of this company is at least $650 per share at the current (real) official share count (around 70 million shares).

but that can only be reached once the (very potentially) 900% shorts (https://www.youtube.com/watch?v=LjDXc-EAHI4) have been settled (IE, they have to buy back shares to cover them all)
LjDXc-EAHI4

This type of manipulation has been going on since the 80's but like all greed/corruption that is unchecked, it has been growing at a very large rate....

these multi billion dollar companies have done preditory shorting (very smartly picking companies that for the average person seem "doomed to fail" regardless of the actual fundamentals).


even with all that, this will in reality only effect a small percentage of the population (not that many people are participating, but since the issued stocks are only around the 69.75 million number total stocks for GME (very low.. AMC has 450.16 million shares issued, and THEY are low)

this situation is literally never going to be seen again... I don't know if that is good or bad.


From GameStop's SEC filing, page 15. 23/MAR/2021 (https://news.gamestop.com/sec-filings/sec-filing/8-k/0001193125-21-090320)

"To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Those repurchases may in turn, dramatically increase the price of shares of our Class A Common Stock until additional shares of our Class A Common Stock are available for trading or borrowing. This is often referred to as a “short squeeze.”"



To the moooooon

[iota]

earnings call missed projections by 1%....... ignored (well, at the least didn't use an inspirational speaker for) future expansion and didn't ahve Ryan Cohen talk.. I feel like this was intentional... GME has a perfect Cup and Handle pattern (https://www.investopedia.com/terms/c/cupandhandle.asp)

the price dropped down to $150 (it was 40 a month or so ago) the set up is very sexy right now... I cannot say when, but soon :) FWIW (the entire week was 1/4 to 1/5th less volume than the weekly average, this is a VERY common situation right before a squeeze... I'm still very bullish)

To the moooooon

T!! you know my brain isn't working at top level right now (thanks for not mentioning my faux pas of confusing Gates with Apple and i was dead serious too! :facepalm:.. )

truly that's just where i am right now for real so ...

pleez.. explain (spell out for your poor friend) the "very sexy" part!

and do you think it's going to drop down to $40 again?

either tomorrow or BEFORE the big squeeze?

that would be awesome to pick those up at THAT price ...

i've got my share avg price down to $198 which i thought was good given the higher prices some were bought at ...

but $150 is even better ... and $40 would absolutely rock!

when you buy tomorrow? what price are you going for?

i was wondering if they are going to do their "routine" where every morning the first few minutes it shoots up then crashes down ...

GME has me up at the decidely UNGodly hour of 8 am .. and even with coffee? this schedule is kicking my ... :blushing:

[TargeT]

Cup and Handle pattern (https://www.investopedia.com/terms/c/cupandhandle.asp)





pleez.. explain (spell out for your poor friend) the "very sexy" part!

the above describes what a cup and handle pattern typically does, low volume at the "handle" is very common in this type of movement and usually indicates it's about to break out as the very low volume is usually a "last indicator" on the pattern

here's a typical example:

https://tradingspine.com/oldtradingspine/articles/chart-patterns/cup-and-handle/cup-and-handle-chart-pattern-illustration.png



and do you think it's going to drop down to $40 again?

either tomorrow or BEFORE the big squeeze?

that would be awesome to pick those up at THAT price ...

i've got my share avg price down to $198 which i thought was good given the higher prices some were bought at ...

but $150 is even better ... and $40 would absolutely rock!

I do not expect it to be below 200 after this week, but I don't really know.. at this point "we" are on the sidelines assisting one side of the hedge fund vrs hedge fund battle


when you buy tomorrow? what price are you going for? anything below 177 averages me down right now... so I make it a habit to do so.



i was wondering if they are going to do their "routine" where every morning the first few minutes it shoots up then crashes down ...

GME has me up at the decidely UNGodly hour of 8 am .. and even with coffee? this schedule is kicking my ... :blushing:

This definitely seems to be a consistent pattern, in fact I'm kind of shocked that no one has brought it up before; it's a very predictable spike and drop every AM... doesn't seem organic to me.


I've only been doing this for a year or so now, just making guesses based on what i've read and seen.

[TargeT]

opening bell spike and drop, just like always

[Blastolabs]

I must admit this drop to $150 has me worried.

Did I invest more than I am comfortable losing?
Yes!!!

Will I starve? Of course not, I've always been broke.

From my research the shorts have not been covered and will eventually cause a spike but sure wish I waited to buy now!

Anyone have any idea how they were able to dip the price so far?

The apes on reddit are most likely not the ones selling, although it appears they are a relatively small player in this game for billionaires.

I'm not gonna sell now that's for sure

[The Moss Trooper]

I must admit this drop to $150 has me worried.

Did I invest more than I am comfortable losing?
Yes!!!

Will I starve? Of course not, I've always been broke.

From my research the shorts have not been covered and will eventually cause a spike but sure wish I waited to buy now!

Anyone have any idea how they were able to dip the price so far?

The apes on reddit are most likely not the ones selling, although it appears they are a relatively small player in this game for billionaires.

I'm not gonna sell now that's for sure


This is perfect for me........ I've just bought-in after Umming and Ahhhring for weeks.

I'm committed!


P.S. A little 'public' thanks to Target for his analysis and encouragement.

[iota]

I

I'm not gonna sell now that's for sure


opening bell spike and drop, just like always

Blastolabs what this refers to is that EVERY morning there has been a PREDICTABLE (so far) routine of the price soaring very, very quickly .. hitting a HIGH point, then it comes crashing down until it stabilizes
i HAVE sold HERE ... i've used it to average down ...

at the peak i'll sell ONE share at whatever price it spiked to $228 let's say

then i wait for the crash and buy back ONE share at the new low price of $204 let's say ...

this way i'm not messing with the figures too much, (it is only one) and as i repurchase at the lower price my average cost for share comes down

i had originally intended to only put in the price of a new game console (for Joshie) then that amount doubled ..

and i was using the "profit" to recoup ... but now i just put it back in to increase share amount




I must admit this drop to $150 has me worried.

Did I invest more than I am comfortable losing?
Yes!!!

Will I starve? Of course not, I've always been broke.

no worries!! Apes always share their bananas! :bearhug:

no seriously use caution! i've been doing this just a bit and can be almost casino addicting! wouldn't take much to start putting in more than one should! :blushing:

as to:


From my research the shorts have not been covered and will eventually cause a spike but sure wish I waited to buy now!

Anyone have any idea how they were able to dip the price so far?

The apes on reddit are most likely not the ones selling, although it appears they are a relatively small player in this game for billionaires.

THIS:

from Reddit

"The real ‘Wolf of Wall Street’ has some thoughts about the stock market:

"It's the most expensive 'free trade' you can have," says Belfort. "I saw a marketing demo from one of the big 'free trades' players advertising how they were 'helping the little guy,' and they're hand in hand with the big guys. It was like a betrayal of trust."

He says that market makers pay so much for order flow because it gives them an exclusive window into where the market is moving.

When firms see tons of orders coming in for Tesla, they can purchase shares for their own account, pushing up the EV-maker's prices for their clients when the next flood of orders arrives.

"Order flow is everything," he says. "It tells you where the market is going next. It gives the high-frequency market makers a crystal ball and puts the small investor at a big information disadvantage. Seeing all that order flow gives a market maker information that the public doesn't have."..

In his example:

, if the market maker buys XYZ at $50.01 and sells at $50.09, it makes a fat, 8¢ spread.

But if the firm "worked the order" by seeking buyers willing to pay a bit more, it could purchase for on behalf of its client at $50.05, and sell at $50.06.

The seller gets 4¢ more, the buyer gets 3¢ off, and the trade costs the little guy just 1¢ instead of 8¢. "Traders' compensation depends on marking up trades and keeping wide spreads," he says. "You'd have to be Mother Teresa not to fall for that temptation."

read full thread here:
(https://www.reddit.com/r/wallstreetbets/comments/maoxrc/the_wolf_of_wall_street_says_youre_getting/)

also please note that PFOF (Payment for Order Flow) has been banned both in UK and Canada

Payment for Order Flow is banned in the UK:
https://www.cfainstitute.org/en/advocacy/policy-positions/payment-for-order-flow-in-the-united-kingdom

Payment for Order Flow is also not permitted in Canada:
https://www.gbm.scotiabank.com/content/dam/gbm/market-insights/etf/october/2019-10-02-Free-Trading.pdf

when i began playing with this, i raised the issue of PFOF as something i did NOT want the brokerage i selected to do BECAUSE i could SEE we'd NEVER win this way

i'm doing so teenie but still ... so i went with Public
they dont' do PFOF and instead allow you to tip

really like them for that
:cash:

PS forgot to post link to Public:
public.com

[TargeT]

From my research the shorts have not been covered and will eventually cause a spike but sure wish I waited to buy now!

Anyone have any idea how they were able to dip the price so far?

The apes on reddit are most likely not the ones selling, although it appears they are a relatively small player in this game for billionaires.

I'm not gonna sell now that's for sure

best to not have any emotion in this and just watch the wiggle.

The volume of sale / buy ratios is very telling, the shorts have not only not covered, but deepened their positions (FINRA data will be out tonight to verify this)
https://i.redd.it/lm06h65ecye61.png

very large buy volume and small short volume... they are holding the price down (and taking it lower!) with very little volume via heavy shorting.

the green and red should be about equal on a sideways day, and on a "down" day the "red" (sales) should be higher than the green... this is not he case with GME & more evidence that holding this stock till shorts cover is a very good idea.


Someone at gamestop is definitely dropping some interesting products if you have been tracking this situation and the language used... for example:

https://i.redd.it/ewxvwmcnvzo61.jpg

https://i.redd.it/3ji2kjwy60p61.jpg

not to mention the various tweets by Ryan Cohen... it's like a meme version of the Q drops... haha

[TargeT]

Looks like a mini trial by fire for any new investors... I bought in at 250 an sat around 40 for two months, this movement doesn't really even phase me but it gives a lot of data to learn from, the volume is almost 20mil today, for the last 3 days it was 9mil, I know this is important and now I'm going to find out why.

btw, diamonds are formed by pressure, welcome to how you get diamond hands! I would not have guessed today would happen as it has.

every single share avalible to borrow has been borrowed since 12:30 (see here for updates: https://gme.crazyawesomecompany.com/ )... they are now shorting EVEN MORE.... I guess they know they will bankrupt when this unwinds and are doing what ever they can?


This movement could be the "dip before the spike" that seems to happen in most squeeze scenarios (a few data points indicate that, the above completely zero'd out borrow (which I've never seen before) is a big one too)

example:
https://i.redd.it/psejf92xi0p61.png

https://i.redd.it/jijkxnqta1p61.png

another:
https://static.seekingalpha.com/uploads/2016/11/2383651_14794758935037_rId6.png

https://centerpointsecurities.com/wp-content/uploads/2020/08/Short-Squeeze-Trading.jpg


Today may have been a genius time to get in if you wanted a ride on the rocket


Today there were ~14,500 BUY orders and ~5,000 SELL orders (https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml), and yet the price went down by some 35%... this was a VERY BOLD attack, every single share that was able to be borrowed has been out since 12:30 to close of the market (https://gme.crazyawesomecompany.com/)

https://twitter.com/TheRoaringKitty/status/1374836029631430662?s=20

[iota]

Looks like a mini trial by fire for any new investors... I bought in at 250 an sat around 40 for two months, this movement doesn't really even phase me but it gives a lot of data to learn from, the volume is almost 20mil today, for the last 3 days it was 9mil, I know this is important and now I'm going to find out why.

btw, diamonds are formed by pressure, welcome to how you get diamond hands! I would not have guessed today would happen as it has.


https://pics.me.me/a-diamond-is-just-a-piece-of-charcoal-that-handled-22667258.png



Today may have been a genius time to get in if you wanted a ride on the rocket

:cash::cash::cash:

sure did ... and it brought av share price down too! :clapping:


one thing though ... and i'm totally new at this .. just trained to notice nuances in ... well ... everything ...

yesterday? ALL markets soared DOWN ...

there's a few others i just liked and bought .. ALL of them down .. incl AA{L, TSLA micro ones lice ACST, NNDM, GEVO .. i then continued to search randomly ... i found that same STEEP downward dip across the board

would have liked it better to only reflect GME

STILL ... the merchandise? THAT is awesome

it will work on at LEAST TWO levels ..

one, for the thought to have occurred, THEN translated to initial stages of creation ~ drawing, sent to graphic
THEN produced
NOW available for sale?

those are not random nor haphazard meaningless ~ these represent deliberate actions

TWO) one of the most effective tools of creations IS that of imagery

which is why vision boards etc have been promoted in certain circles as practical EFFECTIVE tools

the elite CONTINUOUSLY bombard in an attempt to "program" us with the imagery of what THEY desire

i have a theory on that ..

either they themselves LACK creative ability TO CREATE and manifest as we ARE able to ...."

OR it is HOW they avoid karma and place it squarely on OUR shoulders

THEY put out the imagery

WE then CREATE it in reality ~ their hands ... washed

sooo ... all that to say ... the imagery all on its own? WILL work!
YAY!

:sun:

[TargeT]

the entire market is crashing due to GME... there's a desperate move to keep this down because the losses will be so great... but we are clearly winning, yesterday's HEAVY drop happened on ZERO negative news... the buy sell ratio was way off... today was the correction........ and it may continue to become the spike, it may not... we are very close based on all the data I have learned how to read...

If you got in recently I think you got super lucky.... we are looking at very good things to come (but for me my time line is to early June late April for the most pressure, anything between now and then is just gravy...)

Today's movement is VERY bullish,, tomorrow (MAY) be very interesting as there are a lot of contracts that will close in the money over 200$ per share (and that means they have to cover, which means more buying, which means.... GOOD THINGS FOR US!)

the tweets from GameStop are ultra supportive in their own dodge-the-SEC-way ... this once in a life time opportunity is about to make once in a life time movements it seems.

https://images-ext-1.discordapp.net/external/TAR2uITMvbhYcZjH-gjjBcqSpNe351nWjw9gcvygz_8/https/i.redd.it/x6fx0bg8q8p61.png?width=866&height=530

btw, the top line (the cats ears, the hair etc..) of that art is all actual GME movement.... ;)

[mountain_jim]

Not going back through whole thread, but as I recall TargetT's previous warning that Silver was a trap, I would like to share this latest link from the TheHappyHawaiian that I believe is a brilliant summary of the silver market and case for a slow-developing squeeze.

https://www.reddit.com/r/wallstreetbets/comments/mbx510/slv_is_a_complete_scam_its_a_scalp_trade_set_up/?utm_source=share&utm_medium=ios_app&utm_name=iossmf



SLV is a complete scam, its a scalp trade set up by banks to screw over investors. Avoid it at all costs. The silver market is and has been rigged for years


I have been in PSLV for years, if if enough folks, including some in the links comments, understand this and sell all their SLV and replace with PSLV much progress towards the squeeze and honest pricing for Silver can occur.

This really is a brilliant article in my view, and not just about silver, but the overall economy and how artificially low interest rates are helping to displace workers through robotic automation, something I know about through software RPA tools and how they are being used in industry to pay for reducing workers and make processes more efficient.

[TargeT]

TargetT's previous warning that Silver was a trap,.

Specifically $SLV, not the physical metal its self ;)

my only caution on silver is that it is GLOBALLY manipulated; much harder to make any type of effect on it.. GME is special in that it's a very small share pool (only 69mil shares) and extremely manipulated (even more so now)... very unique situation.

[Alan]

Is this related?

https://apnews.com/article/credit-suisse-warns-2-billion-loss-hedge-fund-default-b0ffd8047469e566ea24ba5609c6ed23

BERLIN (AP) — Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of $2 billion due to an event with a U.S. client.

Credit Suisse didn’t identify the “significant” hedge fund or the other banks affected, or give other details of what happened. News reports identified the hedge fund as New York-based Archegos Capital Management.

“Following the failure of the fund to meet these margin commitments, Credit Suisse and a number of other banks are in the process of exiting these positions,” the company said.

The Financial Times reported that Archegos had large exposures to ViacomCBS and several Chinese technology stocks and was hit hard after shares of the U.S. media group fell last week.

A margin call is triggered when investors borrow using their stock portfolio as collateral and have to make up the balance required by banks when the share prices fall and the collateral is worth less.

Credit Suisse said that “while at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first-quarter results, notwithstanding the positive trends announced in our trading statement earlier this month.” Credit Suisse said that it plans to issue an update “in due course.”

Nomura said that on Friday “an event occurred” that could subject one of its U.S. subsidiaries to a losss of $2 billion based on market prices on Friday. It didn’t identify the client. The bank said “there will be no issues related to the operations or financial soundness” of Nomura or its U.S. subsidiary.

The Archegos website was not immediately available.

[TargeT]

Is this related?
.

it's very possible that it was, it looks like Archegos was a "shell" that was probably in exitance for exactly this reason (to dump margin calls on to keep core businesses looking good)

but that's just a theory, not much data behind it.


https://cms.zerohedge.com/s3/files/inline-images/CS%20hwang.jpg

It looks like the situation is a bit worse (https://www.zerohedge.com/markets/very-surprised-jpmorgan-calculates-damage-archegos-collapse)than we are openly being told.....


https://i.redd.it/775e6u8857q61.png


here's some speculation on the situation and it's possible ramifications if you want to go further with the topic:
https://www.reddit.com/r/GME/comments/mgkqa8/prime_brokerage_business_ie_risk_exposure_to/

[TargeT]

Is this related?

https://apnews.com/article/credit-suisse-warns-2-billion-loss-hedge-fund-default-b0ffd8047469e566ea24ba5609c6ed23

BERLIN (AP) — Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls .


New data out....

This was just the TIP of the iceburg....

https://i.redd.it/yyja9yq6r7q61.jpg

[Blastolabs]

I'm letting my emotions get to me

I made some ritual music tonight

https://www.reddit.com/r/RedditSessions/comments/mhlr0a/ape_squeeze_ritual_12_part_23b/?utm_medium=android_app&utm_source=share