The fireworks keep happening. Its been halted twice in 10 minutes. A big candle up on a 5 minute look, triggered a halt. And then a halt down. i think a short covered. But again. Im just watching. Not playing.
I got out of GME right before the crazy Musk-AH boom, so I made a little, could've made a lot, and would've been back to making a little if I held. So just been observing since last week. Have played a bit with AMC, BB, NOK. I do think there's a lot of funny business that went down. Ultimately, America was built on over-valuation. I mean, we pay $1.50+ for a Coca Cola, while a 12oz. can costs a fraction of a cent to produce. Stocks also encompass a long-term outlook, so if they get their businesses in order and expand and diversify beyond their single-production, GME, AMC, etc. have potential. All AMC has to do is launch a home-movie-streaming program. You can argue Roku is insanely over-valued right now. All GME has to do is launch a competitor to Epic and Steam with some perks to get in that game; you would think the ex-CEO of Chewy knows a thing or two about online retail. It was a crazy week, but IMO they should've let the meme stocks ride their wave and crash and re-stabilize. DOGECoin demonstrated that de-centralized assets don't go to infinity (along with the rest of crypto over the years). They crash once people realize they're bidding against each other in a race to the exit. But this was a blatant stain on The Big Fix. Obviously the memes were a weird bubble, but you can't really draw any conclusions on what would've or could've happened, because obviously between the brokers, SEC and hedge funds, they manipulated the prices to crash differently then the way they would've naturally crashed, and in the process, either made a lot of money to recoup losses, or they didn't lose as much as they should've. Which is probably why you have people from extreme ends of both aisles having a problem with it. But oh well, back to reality. "Business as usual."
if you are trading it it's a smart move and easy money I traded it at $75 to $135.00 if you are holding with riding it the moon well you know the risk.
I figured this week would be rough for the GME crew but I never would have guessed that it'd close below $100 and it's only Tuesday...ouch
Gotta respect those wsb regards for their efforts. Minneapolis, Minnesota: Auckland, New Zealand: Orlando, FL:
GameStop Appoints Chief Technology Officer Announces Two Additional Executive Hires to Support Transformation GRAPEVINE, Texas, Feb. 03, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has appointed Matt Francis to the newly-created role of Chief Technology Officer. Mr. Francis has a start date of February 15, 2021. Mr. Francis brings more than two decades of experience in e-commerce and consumer technology to GameStop. Most recently, he was an Engineering Leader at Amazon Web Services. He previously held senior-level technology roles at companies such as QVC and Zulily. At GameStop, Mr. Francis will be responsible for overseeing e-commerce and technology functions. Additionally, the Company had made two other executive hires: Kelli Durkin, Senior Vice President of Customer Care – Ms. Durkin, who previously served as Chewy’s Vice President of Customer Service, has a start date of March 1, 2021. She helped establish the world-class customer service operation that positioned Chewy to achieve a Net Promoter Score of 86 in 2018. In her new role, Ms. Durkin will oversee all customer service and engagement initiatives at GameStop. Josh Krueger, Vice President of Fulfillment – Mr. Krueger, who previously held senior fulfillment roles at Amazon, Walmart, and QVC, has a start date of March 1, 2021. In his new role, Mr. Krueger will oversee the management of e-commerce fulfillment centers. Link: https://www.globenewswire.com/news-...meStop-Appoints-Chief-Technology-Officer.html
Newtons law comes to mind. Obviously we knew it would eventually drop back. I quit posting in this thread because the NOISE was insulting to some and I felt it was taking away from the mission of the forum. Hopefully more and more will join and bring it back to the original intentions of HSM, which was to help steer people in the right direction, regardless of their decision to be investors or traders or in my case both.
The intraday swings are insane! Some massive spreads at times, but daytraders have been all over this.
