User Panel
Buy and hold AMC and GME in the morning. This is not over and they are currently discounted from the AH attack.
|
|
Quoted:
View Quote |
|
|
|
|
|
What platform is everyone using? I tried sighing up for robinhood but registration is broke as hell.
|
|
Quoted: Normally I'd agree with you. But this particular instance is unique. The short interest is 140% of float. In order to drive the price down the hedge funds put themselves further in the red, and it didn't work. In fact over the course of the week short interest has gone up slightly. To follow on, many of the investors on WSB have made serious money this year and actually have capital (not all). It's very possible that the biggest hedge funds in this are literally backed into a corner and the only way they can get out is to break the spirit of the investors, and if you read WSB, the vast majority of them are seeing this as the little guy vs the big guy. Keep in mind Blackrock, one of the biggest fund managers, holds a significant number of shares already that they bought before all of this (my guess is for the sole purpose of loaning to short sellers). To pile on the stock has been so volatile that the market makers are helping to fuel this just to keep their P&L from crashing. If retail investors hold a significant enough percentage of the actual shares to prevent the hedge funds from being able to cover (very likely), they just need to hold onto their shares to drive a short squeeze. They've made it clear they intend to hold. The price may fluctuate, but if the shares aren't there to cover the short positions, the hedge funds will literally go bankrupt. This is real. View Quote Oh please. Oh please. |
|
|
|
|
Quoted: What platform is everyone using? I tried sighing up for robinhood but registration is broke as hell. View Quote |
|
Today was glorious. Buy AMC on the dip in the AM in pre market.
Up over 10k today. Will not sell. |
|
|
Quoted: I use ThinkOrSwim through TDArmeritrade because its API is set up for automated options trading strategies I'm interested in. Kind of dismayed TD restricted trading in the WSB stonks. View Quote Fuck TD. Attached File |
|
|
Can someone embed the Tendieman sea shanty gif? It’s fucking hilarious.
https://cdn.discordapp.com/attachments/354838893754843137/803962798828290068/yoywHMv7Y7HgGFdT_1.mp4 |
|
Quoted: [snip] If retail investors hold a significant enough percentage of the actual shares to prevent the hedge funds from being able to cover (very likely), they just need to hold onto their shares to drive a short squeeze. They've made it clear they intend to hold. The price may fluctuate, but if the shares aren't there to cover the short positions, the hedge funds will literally go bankrupt. This is real. View Quote Does the real percentage of the retail holding matter? The short call is for 140% of the available shares. Essentially everyone holding has to be compelled to sell. |
|
Quoted: Can someone embed the Tendieman sea shanty gif? It’s fucking hilarious. https://cdn.discordapp.com/attachments/354838893754843137/803962798828290068/yoywHMv7Y7HgGFdT_1.mp4 View Quote That's awesome. The Tendieman - r/wallstreetbets Wellerman Sea Shanty Cover |
|
What's to stop foreign gov't back investors from doing this to destabilize our market?
|
|
Just made a Robinhood account and pumped more money into GMS and AMC.
Let's do this boyos. |
|
|
|
|
Quoted: Fuck TD. https://www.ar15.com/media/mediaFiles/500236/2DFFA696-858C-417B-8AC9-6209E911CEDB_jpe-1799951.JPG View Quote Oh, that's not cool. I am officially irritated with TD. I'm now looking for a new company. |
|
Quoted: Wanna know how to REALLY piss of a herd of autists? Reddit Says It Will Cooperate With Law Enforcement If Necessary Money managers watching the frenzied trading in GameStop shares have been asking one question: Is the action taking place on Reddit's WallStreetBets forum akin to market manipulation? Users on the forum have shared screenshots of their bullish bets on GameStop and cheered the group's success in driving share prices higher. While authorities have typically targeted investors who knowingly spread false information online, as opposed to groups sharing their intent to send a stock's price higher, experts say regulators do have the means to rein in the latter. Asked for comment, a Reddit spokeswoman said the company's policies prohibit soliciting or facilitating illegal transactions. Reddit "will review and cooperate with valid law enforcement investigations or actions as needed," she said. View Quote Lol Is Reddit on the stock exchange? |
|
Fuck it. I have a buy set for 5k shares of AMC. People going nuts going to lose a ton of money or get a lambo.
From how it was explained to me if everyone buys and holds it will go to the moon. |
|
Somebody harnessed the power of the Chans and Reddit to fuck Wall Street.
It’s the most beautiful thing to happen this year so far. |
|
Quoted: What makes you think foreigners can't buy public stonk? View Quote View All Quotes View All Quotes Quoted: Quoted: What's to stop foreign gov't back investors from doing this to destabilize our market? That's not what I said. |
|
View Quote View All Quotes View All Quotes Quoted: Quoted: Can someone embed the Tendieman sea shanty gif? It's fucking hilarious. https://cdn.discordapp.com/attachments/354838893754843137/803962798828290068/yoywHMv7Y7HgGFdT_1.mp4 That's awesome. https://www.youtube.com/watch?v=rejpDqQUcV0 |
|
|
|
Quoted: Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif View Quote View All Quotes View All Quotes Quoted: Quoted: Well now that's a spicy meat ball. How TF you close a short in which you can't buy all the shares for? Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif |
|
Quoted: Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif View Quote View All Quotes View All Quotes Quoted: Quoted: Well now that's a spicy meat ball. How TF you close a short in which you can't buy all the shares for? Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif |
|
Quoted: Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif View Quote View All Quotes View All Quotes Quoted: Quoted: Well now that's a spicy meat ball. How TF you close a short in which you can't buy all the shares for? Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif |
|
I do not know what i m doing but i love stocks.
Threw 5k down this morning. Overall up 17% today Nokia was my best performer today. 33% daily rte of return |
|
|
Quoted: Fuck it. I have a buy set for 5k shares of AMC. People going nuts going to lose a ton of money or get a lambo. From how it was explained to me if everyone buys and holds it will go to the moon. View Quote |
|
Quoted: I'm just imagining someone like PRC owned HSBC going after us like that. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: How do you think Soros got so powerful? Shit, he fucked some countries currency IIRC I'm just imagining someone like PRC owned HSBC going after us like that. Don't worry, that can never happen as long as the government doesn't open the door to it by issuing geological amounts of debt. |
|
|
|
|
|
Answer: So GameStop, as you can probably imagine, is a company that was widely considered to be on the verge of failing due to being a brick and mortar gaming retailer in the age of covid and downloadable games. Due to this, big Wall Street hedge funds bet on its stock price continuing to drop by doing what is called ‘shorting’ a stock. In simple terms, shorting a stock is when somebody ‘borrows’ a stock off somebody else and then immediately sells the stock. Eventually in the future they will need to buy the stock back to ‘return’ the one they borrowed. If the stock price drops, they make a profit (as they sold it for more then they bought it back for). However, there is one major catch. If the price rises, they’ll be forced to buy jt back at a higher price, and since stocks can essentially go up to infinity, they can go into ENORMOUS debt. This is where /r/Wallstreetbets came in. People looked at this, and noticed that A) the stock was being ludicrously shorted (there were more shares ‘borrowed’ then even existed) and B) That due to the companies financials and things like the console cycle the company actually stands a chance at not going under. So a whole bunch of people thought it was a great idea to buy in and try to trigger a ‘short squeeze’. A short squeeze is when the stock price skyrockets to the extent where the people who shorted the stock are going into massive debt. At some point they’re forced to cut their losses, so they buy back the stock they borrowed. But here’s the catch: since so many people have shorted the stock, there isn’t enough supply for the people to buy their stocks back. This means the people who actually own the stock can charge ABSURD prices for their shares because the shorts have literally no choice but to buy at those prices. Additionally in these last few months, there’s been a bunch of unrelated good news stories which made people more optimistic about GameStop’s future, which served as the catalyst that began this squeeze in the first place. Eventually the hype hit a fever pitch on WSB, causing more and more people to buy in, forcing the price higher and higher. We’re now at the point where hedge funds are losing BILLIONS of dollars and average everyday people who bought in early are making life changing money from this play. One user (/u/Deepfuckingvalue) is currently at 48 million dollars off of an initial $53000 investment Edit: also, this has triggered a whole bunch of other attempted squeezes on other heavily shorted stocks such as AMC, Bed Bath and Beyond and Naked cosmetics (among others) as people look to make more money and/or hurt the hedge funds Edit 2: The people who borrowed the stocks have to pay a large interest fee on the stocks they borrowed, and that fee has gotten to be extremely expensive. So waiting for the stock to drop will continue to hurt them financially as well View Quote |
|
Quoted: I use ThinkOrSwim through TDArmeritrade because its API is set up for automated options trading strategies I'm interested in. Kind of dismayed TD restricted trading in the WSB stonks. View Quote View All Quotes View All Quotes Quoted: Quoted: What platform is everyone using? I tried sighing up for robinhood but registration is broke as hell. @raven , Did TD halt trading on the stocks period or just option trading? |
|
|
|
|
|
|
This play is making me so happy.
One of the main guys at one of these funds owns a resort by me that imports liberal after liberal to my town. Schmoozed with our liberal governor. Pushed gun gun control here. I'm so giddy that he's going to get fucked hardcore. To the point where his tax haven resorts go under. There are atleast 20 people in the area that made some accounts this past week to get in on ruining his company. Yesterday the resort was supposed to open again to new reservations. It halted all new reservations. They got absolutely fucked by covid. And now are getting fucked because their big daddy ain't making money. |
|
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.