That is definitely a sign of peak autism. When you get guys like that jumping in for the lols, how many $500 robinhood accounts are going to follow? The experienced traders will make bank, but thousands of small newcomers will wake up one morning soon with a -70% account. These are typically the people that can not afford to lose $500.
My scared money is watching. Just think, some of the WSBrs are most likely from the old HSM before they went to hudler,hurler, or whatever the name of the SLOWWWW platform was.. Students of stockjocke woop woop..
Fixing to get real crazy, ultimately this will be the short squeeze of a lifetime. Everybody likes to slam the WSB boys as just a bunch of robinhood wannabees. If they only knew, LOL. Like or not they have destroyed a few hedge funds and several more will be the next victims, BILLIONS have been lost and that is just a small taste. CITADEL has been forced to join and before its over they most likely will be another bloody nose. Its a lot more than kids with 500 dollar accounts " I laugh when I hear that phrase coined" were are experiencing a all out war that basically is just to prove a point, and believe me, the best is yet to come. Some very high caliber bulls have joined the whizzing contest, stay tuned, watch,listen and learn.
My HERO has made a comment. This poor guy has made many a short look foolish. As mentioned, the best is yet to come.
Actually if some of the call buyers of otm calls that are now WAY itm could afford to exercise it would be impossible to find shares. Good point, but seriously doubt it will happen. I'm sure you have a concept of what has happened, this time it backfired and high caliber bulls are joining in. The MMs are sweating bullets as they should be. Citadel to the rescue. Make no mistake, this was a well planned attack and will be forever known as the short squeeze of a lifetime. This was only day 2 of 5 . The best is yet to come, funny thing is it might actually be run to 1,000 Stay tuned,listen,watch,learn. A lot of the shorts are scared to death of what this could evolve into. A bunch of kids with smartphones and robinhood accounts have already bankrupted several funds. Think about it, LOL
I cant imagine the big firms and SEC let this go on this path. If this does explode higher again tomorrow, its a sign that going forward, any shorted stock might be at risk of being hit by social media traders.
Only a idiot would short ratio a stock higher than the float. Social media traders? LOL. Is that the new term, much the way we did back in the HSM days, be serious Gil. They have done it to us for years, what is the difference? Look at what they tried with SOLAR CITY and TESLA, it backfired, Did we whine and cry to the SEC then? You personally know the floor traders and the way they operate, one of the main reasons I never used stops when I was trading full time, believe me I got good at it to. Bottom line the big guns got caught with their pants down and now they are crying and whining like babies because they got their just reward. We all know who CITADEL is that is exactly why they were brought in, that appears to have backfired so we know want to cancel out BILLIONS in trade funds just so the fools that shorted this can save face??? Common sense says if your short and are losing, close it out. Just the way you and I would, been there done that. This is the short squeeze of a lifetime and the world is watching, call it what you want but this is not a SEC issue, it needs to be left alone to play itself out. The big funds are becoming little funds due to their own stupidity and greed, round here we call that transfer of wealth. Day 3 will be very interesting to say the least.
If I could like this a thousand times I would. The biggest bullies and those who like to throw their weight around to screw over the little guy are always the ones who bitch the loudest when things do not go their way. Like others have said, this might be a watershed moment in investing where retail traders realize their power if they act as "one", targeting individual stocks and making the needle move their way. Social media will be their way of communicating and acting on plans. There is no way to prevent that as it is completely legit and breaks no rules. I truly do not see how this is any different than some blowhard on TV shouting at people to buy certain stocks. I'm not touching this with a 10 foot pole, but I hope this goes to the moon to prove a point. There will be lots of people who lose their shirt over this though, and that is unfortunate. Hopefully lessons will be learned on both sides.
So many emotions. A stock suddenly rise up as much as 180% for no reason at all. Will you Hold, Sell or ride on the tide of news, memes and speculations? Better do due diligence and study the charts well. https://zyne.com/stock/GME
I'm not in or plan to be, I made my bank on TWTR puts recentiy. The type of plays that are a no brainer. This one is more of a matter of principal, history in the making. I can see several future book deals and movies in the near future. The experienced traders can sit back and watch how the market manipulators do everything in their power to shake the tree, I love how they work it to trigger the stops. As of now the "social media warriors" or the " robinhood basements boys with stimulus checks" have managed to bankrupt a few shorts. Personally I find that entertaining to say the least.
Honestly, I dont use charts and TA,FA blah blah blah. Don't need to in my plays, Fear Factor Does everything I need and has been very successful for me.
