+ Reply to Thread
Page 4 of 15 FirstFirst 1 4 14 15 LastLast
Results 61 to 80 of 282

Thread: This GameStop Short Squeeze is Making History!

  1. Link to Post #61
    United States Avalon Member TargeT's Avatar
    Join Date
    30th June 2011
    Location
    The Seat of Corruption
    Age
    41
    Posts
    8,494
    Thanks
    24,375
    Thanked 48,469 times in 8,010 posts

    Default Re: This GameStop Short Squeeze is Making History!

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


    [/YOUTUBE]
    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
    Where are you?

  2. The Following 6 Users Say Thank You to TargeT For This Post:

    Alan (30th January 2021), gord (30th January 2021), Jambo (30th January 2021), Jayke (30th January 2021), Snoweagle (30th January 2021), TelosianEmbrace (30th January 2021)

  3. Link to Post #62
    United States Avalon Member TargeT's Avatar
    Join Date
    30th June 2011
    Location
    The Seat of Corruption
    Age
    41
    Posts
    8,494
    Thanks
    24,375
    Thanked 48,469 times in 8,010 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by TargeT (here)
    haha... they don't like us participating in their play ground... (SORRY, NOT SORRY)



    [/YOUTUBE]



    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



    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.


    Last edited by TargeT; 30th January 2021 at 09:26.
    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
    Where are you?

  4. The Following 14 Users Say Thank You to TargeT For This Post:

    Alan (30th January 2021), angelfire (30th January 2021), Arcturian108 (30th January 2021), Ben Macdonald (30th January 2021), gord (30th January 2021), Jambo (30th January 2021), jaybee (30th January 2021), Jayke (30th January 2021), justntime2learn (30th January 2021), onevoice (30th January 2021), Snoweagle (30th January 2021), TelosianEmbrace (30th January 2021), uzn (30th January 2021), wondering (30th January 2021)

  5. Link to Post #63
    UK Avalon Member
    Join Date
    20th February 2011
    Location
    Manchester
    Age
    37
    Posts
    1,594
    Thanks
    14,223
    Thanked 10,136 times in 1,511 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by TargeT (here)
    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



    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.


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

  6. The Following 9 Users Say Thank You to Jayke For This Post:

    angelfire (30th January 2021), happyuk (30th January 2021), Harmony (30th January 2021), iota (30th January 2021), Jad (31st January 2021), Jambo (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021), wondering (30th January 2021)

  7. Link to Post #64
    United States Avalon Member TargeT's Avatar
    Join Date
    30th June 2011
    Location
    The Seat of Corruption
    Age
    41
    Posts
    8,494
    Thanks
    24,375
    Thanked 48,469 times in 8,010 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Jayke (here)
    Quote Posted by TargeT (here)
    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



    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.


    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


    This is an amazing phenomenon


    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!
    Last edited by TargeT; 30th January 2021 at 09:52.
    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
    Where are you?

  8. The Following 11 Users Say Thank You to TargeT For This Post:

    Alan (30th January 2021), angelfire (30th January 2021), Ben Macdonald (30th January 2021), Brigantia (30th January 2021), gord (30th January 2021), Harmony (30th January 2021), Jad (31st January 2021), Jayke (30th January 2021), justntime2learn (30th January 2021), onevoice (30th January 2021), TelosianEmbrace (30th January 2021)

  9. Link to Post #65
    Wales Avalon Member
    Join Date
    8th October 2012
    Location
    Wales, UK
    Language
    English
    Age
    52
    Posts
    703
    Thanks
    3,823
    Thanked 4,316 times in 664 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Some unhappy bunnies at Melvin Capital.


  10. The Following 5 Users Say Thank You to happyuk For This Post:

    Arcturian108 (30th January 2021), Jayke (30th January 2021), selinam (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021)

  11. Link to Post #66
    Avalon Member Merkaba360's Avatar
    Join Date
    9th December 2010
    Location
    SE Asia
    Language
    English
    Age
    43
    Posts
    261
    Thanks
    337
    Thanked 866 times in 189 posts

    Default Re: This GameStop Short Squeeze is Making History!

    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 ?

  12. The Following 5 Users Say Thank You to Merkaba360 For This Post:

    angelfire (30th January 2021), Arcturian108 (30th January 2021), Ben Macdonald (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021)

  13. Link to Post #67
    UK Avalon Member Journeyman's Avatar
    Join Date
    9th September 2020
    Language
    English
    Posts
    622
    Thanks
    2,392
    Thanked 4,752 times in 601 posts

    Default Re: This GameStop Short Squeeze is Making History!

    one take on this:

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

    Quote 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.

  14. The Following 10 Users Say Thank You to Journeyman For This Post:

    angelfire (30th January 2021), Arcturian108 (30th January 2021), Ben Macdonald (30th January 2021), Brigantia (30th January 2021), ClearWater (31st January 2021), happyuk (30th January 2021), Jayke (30th January 2021), selinam (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021)

  15. Link to Post #68
    Avalon Member The Moss Trooper's Avatar
    Join Date
    21st May 2017
    Posts
    597
    Thanks
    840
    Thanked 4,018 times in 570 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Journeyman (here)
    one take on this:

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

    Quote 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.

    Quote 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.
    May your Spirit stay unbroken, may you not be deterred.

  16. The Following 8 Users Say Thank You to The Moss Trooper For This Post:

    angelfire (30th January 2021), Arcturian108 (30th January 2021), Ben Macdonald (30th January 2021), Brigantia (30th January 2021), ClearWater (31st January 2021), gord (30th January 2021), Jayke (30th January 2021), TelosianEmbrace (30th January 2021)

  17. Link to Post #69
    Canada Avalon Member TomKat's Avatar
    Join Date
    23rd September 2017
    Posts
    2,026
    Thanks
    1,796
    Thanked 9,159 times in 1,802 posts

    Default Re: This GameStop Short Squeeze is Making History!

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

  18. The Following 12 Users Say Thank You to TomKat For This Post:

    Alan (30th January 2021), Arcturian108 (30th January 2021), Ben Macdonald (30th January 2021), Brigantia (30th January 2021), iota (30th January 2021), Jayke (30th January 2021), justntime2learn (30th January 2021), rgray222 (31st January 2021), selinam (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021), wegge (30th January 2021)

  19. Link to Post #70
    UK Avalon Member
    Join Date
    20th February 2011
    Location
    Manchester
    Age
    37
    Posts
    1,594
    Thanks
    14,223
    Thanked 10,136 times in 1,511 posts

    Default Re: This GameStop Short Squeeze is Making History!

    =======
    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.


    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.


    =======

    Last edited by Jayke; 30th January 2021 at 15:04.

  20. The Following 12 Users Say Thank You to Jayke For This Post:

    Alan (30th January 2021), Ben Macdonald (30th January 2021), Brigantia (30th January 2021), ClearWater (31st January 2021), fifi (31st January 2021), iota (30th January 2021), Jad (31st January 2021), onevoice (30th January 2021), rgray222 (30th January 2021), Sunray (30th January 2021), TargeT (30th January 2021), uzn (30th January 2021)

  21. Link to Post #71
    United States Avalon Member rgray222's Avatar
    Join Date
    24th September 2010
    Posts
    1,529
    Thanks
    5,467
    Thanked 12,485 times in 1,425 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Jayke (here)
    =======[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.


    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.

  22. The Following 9 Users Say Thank You to rgray222 For This Post:

    Arcturian108 (30th January 2021), avid (30th January 2021), ClearWater (31st January 2021), gord (30th January 2021), Jad (31st January 2021), Jayke (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021), wegge (30th January 2021)

  23. Link to Post #72
    United States Avalon Member TargeT's Avatar
    Join Date
    30th June 2011
    Location
    The Seat of Corruption
    Age
    41
    Posts
    8,494
    Thanks
    24,375
    Thanked 48,469 times in 8,010 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by rgray222 (here)
    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

    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
    Where are you?

  24. The Following 5 Users Say Thank You to TargeT For This Post:

    Anchor (31st January 2021), gord (30th January 2021), Jad (31st January 2021), Jayke (30th January 2021), rgray222 (30th January 2021)

  25. Link to Post #73
    United States Avalon Member onevoice's Avatar
    Join Date
    6th February 2016
    Location
    USA
    Posts
    332
    Thanks
    7,316
    Thanked 2,460 times in 321 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Olam (here)
    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:
    Quote 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.

  26. The Following 4 Users Say Thank You to onevoice For This Post:

    Jayke (30th January 2021), Olam (30th January 2021), TargeT (30th January 2021), TelosianEmbrace (30th January 2021)

  27. Link to Post #74
    United States Avalon Member TargeT's Avatar
    Join Date
    30th June 2011
    Location
    The Seat of Corruption
    Age
    41
    Posts
    8,494
    Thanks
    24,375
    Thanked 48,469 times in 8,010 posts

    Default Re: This GameStop Short Squeeze is Making History!

    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.



    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)
    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
    Where are you?

  28. The Following 6 Users Say Thank You to TargeT For This Post:

    angelfire (1st February 2021), gord (30th January 2021), Jayke (30th January 2021), Olam (30th January 2021), rgray222 (31st January 2021), Snoweagle (30th January 2021)

  29. Link to Post #75
    Aaland Avalon Member Blastolabs's Avatar
    Join Date
    3rd November 2020
    Language
    English
    Posts
    131
    Thanks
    331
    Thanked 893 times in 125 posts

    Default Re: This GameStop Short Squeeze is Making History!

    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.

  30. The Following 8 Users Say Thank You to Blastolabs For This Post:

    Anchor (31st January 2021), angelfire (1st February 2021), Arcturian108 (30th January 2021), iota (30th January 2021), Jayke (30th January 2021), Olam (30th January 2021), onevoice (30th January 2021), TargeT (30th January 2021)

  31. Link to Post #76
    Avalon Member
    Join Date
    19th March 2010
    Posts
    297
    Thanks
    8
    Thanked 1,062 times in 240 posts

    Default Re: This GameStop Short Squeeze is Making History!

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

  32. The Following 10 Users Say Thank You to dim For This Post:

    Anchor (31st January 2021), Arcturian108 (30th January 2021), ClearWater (31st January 2021), gord (30th January 2021), happyuk (30th January 2021), iota (30th January 2021), Jad (31st January 2021), Jayke (30th January 2021), Mypos (30th January 2021), TargeT (30th January 2021)

  33. Link to Post #77
    United States Avalon Member TargeT's Avatar
    Join Date
    30th June 2011
    Location
    The Seat of Corruption
    Age
    41
    Posts
    8,494
    Thanks
    24,375
    Thanked 48,469 times in 8,010 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by dim (here)
    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



    I'm not selling


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




    Quote 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/ma...short-squeezes


    Someone bought a pro GME billboard in NYC.... hahhaha!!!
    https://www.reddit.com/r/wallstreetb...eb2x&context=3

    Last edited by TargeT; 30th January 2021 at 20:09.
    Hard times create strong men, Strong men create good times, Good times create weak men, Weak men create hard times.
    Where are you?

  34. The Following 7 Users Say Thank You to TargeT For This Post:

    Anchor (31st January 2021), angelfire (1st February 2021), Ben Macdonald (30th January 2021), gord (30th January 2021), iota (30th January 2021), Jayke (30th January 2021), uzn (30th January 2021)

  35. Link to Post #78
    United States Avalon Member onevoice's Avatar
    Join Date
    6th February 2016
    Location
    USA
    Posts
    332
    Thanks
    7,316
    Thanked 2,460 times in 321 posts

    Default Re: This GameStop Short Squeeze is Making History!

    Quote Posted by Jayke (here)
    Quote Posted by TargeT (here)
    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



    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.


    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.

  36. The Following 4 Users Say Thank You to onevoice For This Post:

    fifi (31st January 2021), iota (30th January 2021), Jayke (30th January 2021), rgray222 (31st January 2021)

  37. Link to Post #79
    Avalon Member uzn's Avatar
    Join Date
    7th March 2015
    Location
    Earth for now
    Posts
    1,791
    Thanks
    5,265
    Thanked 13,901 times in 1,744 posts

    Default Re: This GameStop Short Squeeze is Making History!

    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/statu...17536029696001

    update: just saw that TargeT already posted that
    Last edited by uzn; 30th January 2021 at 21:37.

  38. The Following 5 Users Say Thank You to uzn For This Post:

    angelfire (1st February 2021), iota (30th January 2021), Jayke (30th January 2021), onevoice (30th January 2021), TargeT (30th January 2021)

  39. Link to Post #80
    United States Avalon Member iota's Avatar
    Join Date
    8th May 2017
    Location
    TX, USA
    Language
    English
    Posts
    1,258
    Thanks
    3,969
    Thanked 7,259 times in 1,198 posts

    Default Re: This GameStop Short Squeeze is Making History!

    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



    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."


    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.


    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


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

    Quote Posted by The Moss Trooper (here)

    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.
    Last edited by iota; 30th January 2021 at 22:59. Reason: add PS
    betrayal of Self, is betrayal nonetheless and betrayal of the HIGHEST kind ...

  40. The Following 7 Users Say Thank You to iota For This Post:

    angelfire (1st February 2021), ClearWater (31st January 2021), happyuk (31st January 2021), Jayke (30th January 2021), onevoice (31st January 2021), TargeT (30th January 2021), TelosianEmbrace (31st January 2021)

+ Reply to Thread
Page 4 of 15 FirstFirst 1 4 14 15 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts