DANG its holding above $130 with volume! I guess there still was serious short covering, but what kind of idiot hedge fund would still be short here after all that happened? Also, GME better be doing a secondary offering NOW!!!
I think someone took out a big short position here... If it manages to break that wick, I'm guessing a big move up.
I was pretty sure that this was cooked for good. The fact that it got this second squeeze is so weird.
Excuse my rats nest of lines, but SPY down to 340 would still be perfectly in line with this ongoing rally. We could use some good sideways action for a while, even more down before we get anywhere near that lower part of the uptrend.
I'm down 2% overall. Everything in red. Losses range from ..38%, 64%, .80% for GOF, CSSEP, and ABBV respectively all the way to 3.53% for TRTN and 4.0% for Novavax. My mother told me there would be days like this.
When we went through the GME related nonsense the 1st time the ripple effects lasted more than a week right? Think this ripple will go that long?
We have had three negative months since 2016. This is as ridiculous as it is unsustainable. We're all shocked and dismayed at tiny negative results. We all think we are investing Gods with near perfect records. It seems to me, we are long overdue for a bloodletting.
This is all uncharted territory, never before has there been a group of buyers this size on WSB. How much buying power do they have? We are going to find out, again!
If there's one thing I know about uber wealthy people, it's that they're all egomaniacs. I guarantee many of those same hedge funds have been burned again.
In fact a transfusion from someone who has blood to spare would be welcome. I accept all blood types!
