BPM2K and his legions are choked that Saved by the Bell will never have a reunion show but they will return to the market, once they have passed their grieving period.
Yeah, another wild day! Will be interesting to see what happens next. Hard to imagine a ton more people are going to pour in after today and as far as I can tell a lot of people's strategy is simply to hold. Has a stock ever had 0 trading volume in a day? lol But seriously, some are reporting that the short interest has gone down considerably, which I imagine comes scary news to those just getting in. I can't help but wonder how the HFs did it though (if true)? And when exactly? Was that squeeze last week "it" and that's the most action we're going to see? Just seems like they did it super fast and managed to keep the stock price much lower than I expected if they really did pull this off. But I also don't know much at all about these types of trades. One thing's for sure though it's going to be an interesting rest of the week...
65 million shares outstanding, 559 million shares traded last week. That's a lot of turnover. If shorts are out then no one NEEDS to buy, and MMs can take price to POCs etc. 50 sma not even at $50 yet. This may be a rough month for longs, tomorrow is a big day.
Gotta give em credit anyway you play. They have literally smoked some big players and are having a blast. The last pic sums it up nicely. LOL
I think this is a new market indicator, when you see a billboard pumping your stock, the run is over!
Could be but think about it. We have never seen anything like this before. Its been the most enjoyable week in my lifetime. From billionaires crying on television the airplanes flying banners over robinhood headquarters. I'm glad I'm retired because I sure would not be able to focus at my job. These guys have turned wall street upside down. A lot of people have taken notice. Going to be awhile before this is forgotten.
This is probably going to have a profound impact on a lot of people much like 2008 did. Some people will scoop up huge gains and develop a genuine, lifelong interest in the market. Others will surely get burned and be distrustful of Wall St for many years if not forever. Crazy that it was GME at the center of it all. As for me it's probably time for me to go back to just lurking here lol. Still so much for me to learn!
Me too. I'm nearly 50% cash, right now. What I do have in equities is in super boring stuff. Let's face it, I have little of value to share. I'm just killing time while my portfolio matures and either makes me extremely wealthy or encourages me to find a squeegee and start a new career in windshield maintenance. If you need to withdraw into your shell, we understand, but thank you for joining the conversation and please consider doing so again.
Can we say tank-a-roo to about $70.00 IMO.... full disclosure I'm not in this mind you it was on my radar on 13 Jan @$33.63(saved screenshot). I heard people are holding I get the broad picture but damn to give up that much gain $482.00 to now pre-mkt $127.00
This is going to be a rough month, best hope for longs is a quick tank so you get a bounce. Then hope it can bounce back. Reports March 26 (estimated), so maybe March will be better.
Imagine $GME at $480 share and you realize on paper that you're worth a few million. You look at your statement a few days later and you realize that you're down 75%. That has got to hurt! Going from peon to rich to almost peon has to sting
