Man wtf NAKD? Suspension? I am up 10 fold and my just dump it but my eyes were glazed over starring at it the past hour lol
LOL at the narratives starting to run wild through media about this phenomenon. CNN just posted an article blaming "Trumpism" for GME.
Awesome man, I am going to open an account there. Thanks for the heads up! Also, your video on the former sec lawyer is great. I mean it's funny how something like Citron gets a pass but WSBs type groups are breaking everything. And AMC tip idea is great too.
sorry i made you type all that. i was a (very mediocre) trader at one point so i knew what shorting was. just didn't understand the fascination with punishing "big bad short-sellers" since they are probably the small fish in the pond compared to the long guys and are a reasonable feature of a market where companies can be both under- and over-valued. i get the regular joe who thinks they're trying to destroy america by *gasp* thinking a share price could decrease, but i'm guessng WSB people short stuff all the time. like you said, it's a fun revolution moment but people acting like they're "doing God's work" by pocketing millions is pretty funny. but i guess WSB probably isn't driving apple down to 0 as easy as they can drive GME to 380. feel bad for any legit retail people who got caught up in the short squeeze.
Ryan Cohen (former CEO of Chewy) had something like a 13% stake in GME when he (may have) started this by stating positive things about the company. His 13% stake was worth about $76 million. That stake apparently should be worth $2 billion+ now GameStop’s surge has made its 3 largest shareholders billions overnight
******* that’s amazing. GME is musical chairs. Meanwhile I am just investing in small cap ETFs like a noob.
No problem, and I get it. It really didn't start out that way. As someone else stated in this thread, it started out as "hope" that GME may have turned a corner or could. So people jumped in on that news and thought they'd wait for a turnaround. Somewhere along the line, the monstrous short interest and the potential for gains started gaining momentum. And everybody told everybody else and their mother and they just started piling on. If you told people GME kicked a bunch of one-legged nuns with no money helping orphans survive out of their homes, it wouldn't matter. People see the potential for making money and are jumping on for the ride. That just escalated into running around looking for small-cap/highly-shorted stocks to jump on and wait for the "drive-up". This is basically an easy money-grab now for some. Hopefully they get out in time, but who knows when that "time" is... I sure don't.
Not to make this political but CNN has lost their damn minds...... https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html (Musk has also been a longtime critic of social media censoring and was a prominent Covid-19 skeptic. Sound like anyone else we know?)
I'm hoping this sell-off isn't because people/institutions having to cover shorts or something. If so... look out... I didn't really hear anything from Powell that was too bad, but I was only half-listening. Hopefully it's just a momentary spooking and Apple reports happy things.
Yeah, but TSLA could report they're switching their factories down to producing tampons and the stock wouldn't be up 8%. lol. Everyone is expecting Apple to knock it out of the park, so if they don't deliver it could be bad news. They're saying this could be a case of all the good news is baked in and people are taking profits... doubtful, but ok, whatever.
CNN blames Trump. FOX blames Biden. MSNBC blames millennials. One thing is CLEAR. The media is the enemy of the people on this. Lulz.
