Sometimes my sarcasm is too subtle.
Gamestop
- Thread starter Bonerfarts
- Start date
Sometimes my sarcasm is too subtle.
GameStonk blowing up again...this has more staying power than I thought it would after the brokerage firms decided to deploy criminal acts.
Keith Patrick Gill, 34 year old former financial advisor for MassMutual, is your Roaring Kitty and DeepF__inValue bro.
Does your metaphor end with everyone drinking too much water, whipping their d*cks out, and pissing all over everything?
If you see short interest fall below 100% I think we see it decline, until then shorts are causing their own demand with the small float supply.
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Who decides on the number of shares available to short or is there no limit? I know when there's an IPO, shares aren't available for a while to short because I have tried this. I believe that's where a lot of the fault lies here. There should be a limit on the number of shares and it definitely shouldn't be over 100%. But who decides this? Is it the market makers?
Wonder how many are pulling money out of their 529s and 401ks to buy GameStop?
Their taxes are going to be a mess. They'll probably be hit with underpayment penalties too. But I doubt they care.
Haha nope. I’ve kinda come around full circle after reading up on things tonight. There is such a low supply on GME shares right now and such a high demand (historical levels for both) that this is truly a sky rocket with a lit wick, so much so that I think if it squeezes it will ultimately break the financial institutions that run the stock market. I don’t think the retail brokers shut down buy positions today because they wanted the little guys to lose, they just literally can’t afford new positions. See the link below and the my last boomer video I posted. They can’t afford what’s in the books now at $300 per share, what happens if the prices go exponential? The brokers can’t pay the clearinghouses, the clearing house can’t pay market makers or the brokers back, the brokers in return can’t pay the retail investors. The hedge funds can’t pay the brokers and will need to liquidate assets. HFs liquidate assets and stock prices plummet to extreme lows. Tax payers come in to bail everyone out again. Maybe I’m being over paranoid, but if it squeezes it will be high and hard. So much so that it would be ultimately bad for everyone in the economy. Someone tell me I’m wrong.
GameStop Trading Restrictions Blamed on Wall Street’s Clearing Firm by Online Broker
A number of brokerages have limited trading in a handful of popular stocks.www.wsj.com
I've been worried about that for a couple days. I've moved all my real money out of my index funds. I think I want that on the sidelines until this plays out, and get back in if/when it drops.
I predict when all this madness is in the rear view mirror, the government/SEC adds regulations that make it so people can't short more than 50% of available shares.
This whole thing is the best argument for crypto currency (Bitcoin) and only helps it's stability.
Which is on the way back to $40,000 after going down to $30,000 earlier in the week.
I feel like I'm making a killing today in MSTR. Then I look at GME and see how ridiculous that it.
Yeah AAPL has been struggling lately but I know it will bounce back. Not worried about that. My Moderna has been killing it too.
Yep, GameStop is dropping pretty quickly since the open. When it gets down to $3.00 I think I will buy 2 or 3 shares.
Edit - it just went up $45 in the last 2 minutes. This is crazy to watch.
Criminal?
I have a question for you. Based on the fundamentals of GameStop, about where would you expect the price of its stock to be? For some help, through 2020 it’s capitalization was around $300 million. Currently it’s around $30billion. About where do you think its current and potential revenues would fairly place its value?
You might have missed my post about the supply and demand of shares. This stock price is post-valuation. What the price is now is based on the supply of shares, and the demand to buy them and shorts covering positions. Current and potential revenues are meaningless.
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There is no long term investment in GameStop. The company is toast. Lost 500 mil last year, basically everybody is just playing chicken until this thing ends for good.
Yes...and when brokerage firms don't allow people to buy they have decided for the market that they will let the price tank, they decided to put a fix in on the market as the lever pullers. If they were told to from the White House then Biden and his administration participated in these criminal acts as well and need to be held accountable.
A
anon_ddojbbh8q7xrt
Guest
In the last too days gamestop dropped to $118 and then up to nearly $500
I contemplated buying when it dropped but this is too volatile for my blood
I contemplated buying when it dropped but this is too volatile for my blood
You likely couldn't have bought when it dropped, that is the challenge.
GME is the new Bitcoin. In the future it’s going to be money.
If it goes to $10000, it would be worth more than F, GM, Boeing and BAC combined. GME should be selling new shares like crazy long before that happens.
I believe your intuition will be proved correct. Without short-sellers, this is stock is toast (at least relative to its current market cap). It may be today or it may be later down the road. The downside risk way outweighs the upside.
Omg. When are people going to figure out what is really going on here. It has only been said 500 times so far.
This all ends when GME issues a few million new shares and the HFs cover for good. Hell what stops GME from issuing 50 million new shares (the current float) ???
I predict a share offering is coming.
edit - by the way, they could in theory issue new shares at a price of $5 if they want to or are “told to”.
I predict a share offering is coming.
edit - by the way, they could in theory issue new shares at a price of $5 if they want to or are “told to”.
