Wonder if I should pick up some plug? I like going in after offerings. (see NNDM). I went back into GME yest. So let's go!! Will consider selling at $1000. Should be enough gains for an entire year.
If the government goes after anybody, it'll be people with huge followings, I would think. But then, SEC/trading laws are so ancient, who knows what, if anything will come of this.
If they want to avoid more short squeezes, they should just ban short selling imo. If ppl want to bet the other way theres always options/cfds.
I don't know, but I like how my trash FCEL keeps going up with it even though they didn't really report great earnings or anything. It's like "oh PLUG is up? Then me, tooooo!" Crazy market.
I don't follow plug, but Nndm's last rounds were all direct offerings to institutions and funds like ark, not public offerings. For example after one of the offerings, nndm appeared in another ark etf the next day. For a micro cap, institutional investment was seen as positive validation of a high tech company with almost zero revenue. That's y nndm rebounded so quickly after every new round.
Nobody gonna talk about the 12% gain CLOV had today? I wonder if it is related to Chamath announcing his run for California governor. If he wins, I imagine he'd back legislation that is beneficial to CLOV.
I think some of it is because Wood can be held to her statements whereas "random reddit handle" ... who is that? As long as you can get a following, you can spew any kind of bs and move a stock. If Cathy Wood does it, she's in trouble. I don't think not doing on their platform is the issue. I think they don't like the fact the typical moron is making money off a moronic move up on a dead stock. lol. I say more power to them. I'm not anti-CNBC because this really is stupid what's going on. I first looked at WSB around January or February of last year, I think (?) and I saw some interesting "theses" posted but always asked myself "who the hell is this person?" lol. He could be a drunk off the street or he could be Jim Chanos, Bill Miller, etc. I've pretty much stayed away from it for now for that reason. I don't want to be easily swayed by my own ignorance and their "charisma". I don't know and also don't know my ignorance and don't want to be swayed by anonymous bozos. lol.
Only you know that, my man. I don't know your finances or what your goals are. But if you think you've made a ton of money and want to take some off, I would. I think you said you got in in the $20's? Why not take some off and let the rest ride? Or take out what you put in and let the rest ride. I have a stop set up at around $50, I think. If it goes up, I move the stop up.
Gamestop was shorted beyond belief -- it was one of the most heavily-shorted stocks on the market. WallStreetBets reddit forum and peons decided to jump in and go long on the stock for a "home run" in the event shorts dumped the stock or GME's new CEO, CFO, etc. could turn the ship around. More jump on long when Chewy's former CEO talks like GME had a good future. People start saying XBox and PS5 will save GME Citron and people using common sense say no and double down on the shorts saying people long on the stock are idiots Idiots rise and beget more idiots ... idiots push stock up "Real smart dudes" and their egos get in the way and pile up the shorts Idiot manufacturing line set into motion as hype for WallStreetBets grows and more people jump on the long bandwagon. "Never underestimate the mind of an idiot" becomes the battlecry of the common man. Shorts are forced to cover their short positions by buying. This pushes the price of a garbage stock up.... and up ... etc. Chamath Pollywannacracker got money to burn, so he jumps in and says "I want you to tell me what to buy" ... people convince him to buy GME so he drops something like $200k on it. People love the Cult of Chamath, so they're now jumping in and pushing this. Elon Musk loves the attention and hates shorts and mentions GME positively, so ... all his battery-powered minions are probably piling on. So now you have a stock that probably should be floundering like Blockbuster making a ton of money. I'm sure management in the company is looking to dump their shares as quickly as possible. LOL.
For the past week, I put a limit buy order around $1.30, $1.50's (?), and yesterday had one at $1.99 for this thing. Of course when the market tanks yesterday, it gets down to like $2.01 and I missed it by 2 freaking cents. I'm usually not too greedy, but damn... at least 3 attempts to just buy it after-hours, and I tried to get in on a pullback that never did. Well, not enough of a pullback, anyway. I paid for that one. Nice job.
yep but to be a little fair GME did announce a new business model in october https://news.gamestop.com/news-rele...es-multi-year-strategic-partnership-microsoft and ryan cohen kind of jumpstarted the whole thing https://www.cnbc.com/2020/11/20/for...stop-to-become-the-amazon-of-video-games.html what a historic thing to watch. APE STRONG TOGETHER
Fair enough. I should drive around the GME parking lot since their HQ is not too far from me and see if I find any new lambos....
