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Thread: This GameStop Short Squeeze is Making History!

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    Default Re: This GameStop Short Squeeze is Making History!

    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.
    Before you speak, ask yourself, is it kind, is it necessary, is it true, does it improve on the silence?

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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Alan (here)
    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.


    Last edited by TargeT; 29th January 2021 at 19:57.
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    Default Re: This GameStop Short Squeeze is Making History!

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


    https://coinmarketcap.com/


    Anyone know what's going on with this?

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    Default Re: This GameStop Short Squeeze is Making History!

    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by TargeT (here)

    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!

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    Default Re: This GameStop Short Squeeze is Making History!

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


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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by apokalypse (here)
    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).

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    Default Re: This GameStop Short Squeeze is Making History!

    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.

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    Default Re: This GameStop Short Squeeze is Making History!

    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:
    Quote 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):
    Last edited by onevoice; 30th January 2021 at 01:15.

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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by DaveToo (here)
    Quote Posted by apokalypse (here)
    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.

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    Default Re: This GameStop Short Squeeze is Making History!

    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).

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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by onevoice (here)

    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.....



    Delicious.....



    Quote Posted by Anchor (here)
    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)
    Last edited by TargeT; 30th January 2021 at 01:30.
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    Default Re: This GameStop Short Squeeze is Making History!

    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.

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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Arcturian108 (here)

    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.
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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by TargeT (here)
    Quote Posted by Arcturian108 (here)

    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.

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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Arcturian108 (here)
    Quote Posted by TargeT (here)
    Quote Posted by Arcturian108 (here)

    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, 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)



    This man is a legend
    Last edited by TargeT; 30th January 2021 at 01:56.
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    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by TargeT (here)
    Quote Posted by onevoice (here)

    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.....



    Delicious.....



    Quote Posted by Anchor (here)
    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.

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    Default Re: This GameStop Short Squeeze is Making History!

    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

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    Default Re: This GameStop Short Squeeze is Making History!


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    Default Re: This GameStop Short Squeeze is Making History!

    Jeffrey Prather is wrong. Here's the story:

    https://www.masslive.com/business/20...nd-it-all.html

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