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buddy netted $117k in 24 hours on GME.
I've asked him to send me screen shots when he does more of these. Made out on Tesla and others due to WSB, he's saying Nokia and Blackberry are the next targets. |
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This whole thing is just too fucking hilarious.
The people doing this call themselves retards and use rainbows and bear emojis... |
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I'm not in GME but I would like it to moon just to watch the hilarity.
I am in BB and would love for it to start taking off. |
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Gamestop is a bubble waiting to burst. It is being run up by Reddit fans against institutional buyers selling short. At some point, someone is going to blink. The value just is not there.
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Quoted: Gamestop is a bubble waiting to burst. It is being run up by Reddit fans against institutional buyers selling short. At some point, someone is going to blink. The value just is not there. View Quote to quote a poster on WSB "hold and we be riding in moon lambo's..." Its not about the money but breaking PE |
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https://old.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/
These guys are so fucked. Check out my math: As of Jan 22 2021 close, they were down 30%. They had 13.1 bn AUM as of Mar 2020 (assuming this doesn't change), that's a loss of $3.9 bn as of Jan 22 2021. During this time, GME increased $46.95 (from $17.9 to $64.85). AKA for every $11.95 increase in GME price, Melvin loses $1bn. GME price as I am writing this is $103.46. That means: Since the $2.75bn bailout, Melvin has lost another $3.2 bn or 25%. Keep the pressure coming. We are doing this! ???????????????? Edit: When $GME hits ~$175 it'll be game fucking over for Melvin. -100% loss. They can't restart. View Quote If those numbers are accurate and there is an EOD surge in price it could be over. GME is closing in on $150.00 |
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Quoted: Gamestop is a bubble waiting to burst. It is being run up by Reddit fans against institutional buyers selling short. At some point, someone is going to blink. The value just is not there. View Quote Well that's an understatement of the year. I think most of the Reddit psychos know it but are counting on all the short sellers to cash them out as the buy to cover their positions. I'm not sure if they figured out yet how high it needs to go for that to happen in earnest though. I wish I could see the future because someone is going to make a killing betting on the burst. I wanted to buy puts this morning even in the 90s but rightly feared the power of determined autists with Robinhood accounts. I just can't see this going past this week. However calls the top gets rich. |
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Quoted: https://old.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/ If those numbers are accurate and there is an EOD surge in price it could be over. GME is closing in on $150.00 View Quote View All Quotes View All Quotes Quoted: https://old.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/ If those numbers are accurate and there is an EOD surge in price it could be over. GME is closing in on $150.00 First reply in that thread: This is me pressing f on the worlds smallest keyboard |
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The Absolute Chaos of r/Wallstreetbets |
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Assuming he hasn't sold off anymore calls, this is where he currently stands in calls alone at the tike of my post
Attached File |
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Quoted: to quote a poster on WSB "hold and we be riding in moon lambo's..." Its not about the money but breaking PE View Quote View All Quotes View All Quotes Quoted: Quoted: Gamestop is a bubble waiting to burst. It is being run up by Reddit fans against institutional buyers selling short. At some point, someone is going to blink. The value just is not there. to quote a poster on WSB "hold and we be riding in moon lambo's..." Its not about the money but breaking PE As someone pointed out, this isn't about the money. |
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Quoted: https://old.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/ If those numbers are accurate and there is an EOD surge in price it could be over. GME is closing in on $150.00 View Quote View All Quotes View All Quotes Quoted: https://old.reddit.com/r/wallstreetbets/comments/l5jwnj/melvin_is_down_another_25_on_gme/ These guys are so fucked. Check out my math: As of Jan 22 2021 close, they were down 30%. They had 13.1 bn AUM as of Mar 2020 (assuming this doesn't change), that's a loss of $3.9 bn as of Jan 22 2021. During this time, GME increased $46.95 (from $17.9 to $64.85). AKA for every $11.95 increase in GME price, Melvin loses $1bn. GME price as I am writing this is $103.46. That means: Since the $2.75bn bailout, Melvin has lost another $3.2 bn or 25%. Keep the pressure coming. We are doing this! ???????????????? Edit: When $GME hits ~$175 it'll be game fucking over for Melvin. -100% loss. They can't restart. If those numbers are accurate and there is an EOD surge in price it could be over. GME is closing in on $150.00 #ohwell |
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shit, everyone on WSB says they are going to hold until it hit's $1000...
I thought it was dumb, and now I kinda want in haha. |
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I just priced going long on some puts, the premiums are insane, I'm not the only one assuming it will come down to earth soon. Who fucking knows. I'm not putting my money in it.
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Is everyone on WSB using robinhood to make all this happen?
Should I stay away from robinhood, or sign up to get in on BB or whatever else they try to squeeze? |
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Quoted: Is everyone on WSB using robinhood to make all this happen? Should I stay away from robinhood, or sign up to get in on BB or whatever else they try to squeeze? View Quote I don't see how BB could squeeze, what makes Gamestop special is they over sold % of Float Shorted 138.40% of shares available. If you use my referral code we both get free stock, it's a little but something. https://join.robinhood.com/johng-220a8618 *not investor advice and should be construed as investor advice. |
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Explains it for non market people.
Why mainstream media's slander of wallstreetbets pisses me off regarding GME. |
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View Quote Papa Elon is here! Up another $16 |
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Melvin Capital RN:
Turn Those Machines Back On!!! ::: Trading Places ::: |
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the volume after hours is crazy
177.82 29.84 20.16% After Hours Volume: 1m |
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d: Jan 26, 2021 at 4:20 p.m. EST Delayed quote
$ 187.25 39.27 26.54% After Hours Volume: 1.4m |
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