I sometimes wonder if he craps brain cells every day. I swear he sounds dumber and dumber in each video.
HODL! Sad to see so many stocks at sale prices and I have no more cash to buy them up. Crazy how much impact RH gang has on the markets when they pull their money out, especially on SPACs, and divert it to YOLO stocks.
The r****ds are the shorts; sec needs to save the shorts from their own r****dation and ban shorting.
I saw Josh Brown on CNBC put a vote in for VIRT saying if you believe things are going to get volatile, you should buy it. I immediately thought about the discussion we were having in here months ago about it. lol. And yes... SDGR getting whacked, too, is sad. I already got stopped out of some stuff. I'm already trying to think about what I want to buy -- maybe less volatile and less risky stuff ... maybe non-SPAC.
Still much higher than my cost price otherwise I would buy more. I'm also short a put on sdgr so I'll save my cash to buy the shares if it expires itm. Sigh. Views on where mr market is headed? Feels like the correction we had last October when the softbank whale deflated, but on a more massive scale.
Everybody and their mom is trying to pile into GME now. I'm reading forums where people that know zero about the market are trying to figure out how to get in on it now. It's fascinating to watch.
not touching virt. Who knows if they got burned in the squeeze. They are prob short tons of gme calls
I don't think they need to ban shorting but they should definitely ban the ability to short more than 100% of shares floated. I have no idea how hedgies manage to short 140% of GME shares, and they've been doing this for 10+ years from back when I was a pro daytrader and the CEO of Overstock was always complaining on CNBC about his company stock price being held down by this.
I didn’t realize this was possible until this situation either. Someone who is short “lends” the share they’ve been lent to someone else. Kind of crazy. not sure what that means for that first short. Once they lend out their share(s) they are effectively covering I guess but maybe just charging a borrowing rate to the next borrower.
Just make the short borrowing rate negative lol. Then you are being paid to be short and have to pay to be long.
Its an intentional tool built to do just this. If you can own 100% of the shares and the rights to buy up to 40% of any given moments demand, nobody would touch it. It was probably written as some stupid rule to prevent a hostile takeover of a wealthy company.
Wall Street fighting back this fast... this hostile... THAT much short interest left in the tank... I actually think it's clear. GME is going to KEEP mooning this week.
There ARE other stocks that they target but there is no other company at GME"s level. Nowhere close even. And there likely never will be again! Ever! ALSO - WSB does not JUST specialize in short squeezes. In fact, they hardly specialize in it at all. They pick and back stocks from all spectrums for a wide range of different reasons. Go long on the list of short interest companies at your own peril.
I haven't had this much energy for this sustained of a period since I was 25. You used to need cocaine to play the market, now the market IS the cocaine.
GME certainly the perfect storm but lots of other high short interest names out there. KOSS ran like 500% today on I think like 40% short interest as did NAKD.
SPCE has been on good behavior. But again.... at your own peril. People will BURN. Just don't know when. Mines are being planted all over the market right now.
