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GameStop shares are jumping again, but short sellers aren’t backing down


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2021 Jan 26, 6:54am   18,133 views  215 comments

by zzyzzx   ➕follow (9)   💰tip   ignore  

https://www.cnbc.com/2021/01/26/gamestop-shares-are-jumping-again-but-short-sellers-arent-backing-down.html

GameStop’s short interest stands steadily at 139%, unchanged from a week

Interesting read on how a messageboard found a stock shorted at > 100% of the stock, so they decided to collectively buy the stock, hoping to make money off a short squeeze.

IMO, gambling, not investing, but I should add it to my watch list to see what happens.

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151   EBGuy   2021 Jan 29, 5:56pm  

152   Cash   2021 Jan 30, 7:11am  

HunterTits

Why don't you fucks ever do your research. Dont get me wrong none of you knowing anything real about
how crypto works and you holding to your shit mutt opinions on Bitcoin particularly is a win fall for me in the longer run.
153   Cash   2021 Jan 30, 7:15am  

Those are real bitcoins 1-1 held in cold storage it's public knowledge. Some outfits do offer a representation of Bitcoin value
and in those cases you own NO BTC. The saying goes if you don't own the keys "cold storage" you don't own the coin.
154   Cash   2021 Jan 30, 7:24am  

This is why TOS is an important read when you sign up to what ever it is you are signing up to, so you know what the fuck the real deal is...
Do some research instead spreading your bull shit that is 1/2 truths if they have any truth at all
155   Cash   2021 Jan 30, 7:46am  

@HunterTits
I didn't notice 1 mention of Cold Storage or the public ledger in the book you wrote on the subject
it wouldn't of took much more to complete the subject and actually be in full context of the conversation between misc
and myself. I would never expect that but I will call you or anyone else out on it if they choose to mislead even Patrick
if he chose to kick me off fine.
156   Onvacation   2021 Jan 30, 7:50am  

Cash says
Cold Storage or the public ledger

It's a bunch of 0s and 1s!

There is no there there. Bitcoin holders are dependent on the next greatest fool.

It is what it is.
157   Cash   2021 Jan 30, 8:04am  

Onvacation says
It is what it is.

Will see you at 6 figures spewing the same dog shit ;)
158   Cash   2021 Jan 30, 8:48am  

HunterTits says
This has nothing to do with how crypto works because this isn't about crypto itself.
BS Your whole spew was all about how "crypto works because this isn't about crypto itself". Who are you trying to kid? Your post had valid points but just not enough
with all the omissions rather you left them out on purpose because they did not support your argument or you were/are ignorant of the facts.
159   Onvacation   2021 Jan 30, 9:40am  

Cash says
Onvacation says
It is what it is.

Will see you at 6 figures spewing the same dog shit ;)

Can you explain to me why you think my opinion that bitcoin is a Ponzi scheme that requires new money in order for old money to get out, there's no there there, is wrong? Not to mention the fact that crypto currencies require a HUGE amount of electricity just to maintain "the ledger".

There are a lot of smart software engineers and investment people on this forum that DO understand blockchain and recognize bitcoin for what it is, a speculative trade at best, aka gambling. I'd wish you luck if it didn't hurt small investors and waste so much energy. I have no doubt that bitcoin will gain more value in "fiat" before the whole system crumbles under its own unsustainability. It's just a matter of time.

I expect more personal attack instead of cogent arguments against my facts.
160   Patrick   2021 Jan 30, 10:00am  

HunterTits says
Whereas when you put money into a stock brokerage account, 'buy' stocks with it, those actual stocks are yours even if technically held by the brokerage. At least that is supposed to be the case.


I'm not sure it's different than the case where you put money in the bank. When I worked at Schwab, I remember hearing that brokerages can trade your stock without your knowledge for their own profit, as long as they come up with it on demand when you want it.

Also, it's possible for you to take physical delivery of your shares of stock, but they make it very hard exactly because they want to keep this large pool of stock on hand for their own trading purposes.
164   zzyzzx   2021 Jan 30, 10:40am  

Ripped off from Facebook:

165   Booger   2021 Jan 30, 11:29am  

zzyzzx says
Ripped off from Facebook:




167   MisdemeanorRebel   2021 Jan 30, 3:14pm  

Booger says




Ha, just watched some of the Warriors last night.

"You goin' Faggot on us?"

(Millennials scream at the butthurty words)
170   Patrick   2021 Jan 31, 10:40am  

Melvin Capital, which bet against GameStop, lost more than 50% in January, report says


https://www.cnbc.com/2021/01/31/melvin-capital-lost-more-than-50percent-after-betting-against-gamestop-wsj.html

Sounds good to me!
172   joshuatrio   2021 Feb 1, 8:32am  

I jumped in for fun with a couple shares @ $262.
177   Cash   2021 Feb 1, 9:32am  

This is how I am seeing it going down, I guess I should say up based on over all-RSI across the time frames and pattern
the bias is strongly to the upside imo. There was a gap that has now been filled so that condition is off the table and the fact it
is Monday traders maybe showing some hesitation this morning. Volume is reducing so is consolidation price should spring
into action to the upside GL on your trades

181   Ceffer   2021 Feb 1, 11:29pm  

Current conspiracy theory hopium: military intelligence was behind this, not a rogue group of reddit pirates. Reddit and Robin Hood were their smoke screen.

Trump's 'plan' according to his EOs and exposure of foreign interference in the election process indicated that Feb 1. would be the beginning of asset seizure of those involved in the election fraud. Speculation was that nervous Globalists are attempting money laundering using Wall Street maneuvers through the hedge funds, and this was a counter measure. This is why the Wall Streeters are nervous as cats. These big deals when successful spin off money to politicians in various fig leaf bribes to 'look the other way'. Janet Yellen's vig was 800K?

Don't ask me if it is true, I haven't a clue, more chatter from the bleachers where the blind lead the blind, and the two blinds lead the gullible.
182   joshuatrio   2021 Feb 2, 6:34am  

Funny, I'm not a gambler, neither is my wife. When I her what was going on with $GME last night, and that I dropped a few bucks on it, her response was: "hold, don't sell."

Millennials and Gen X'ers have seen enough hedge funds and elitists get bailouts, at the expense of the taxpayers. If we can drop a few of the assholes, it's worth it - even if we lose in the process.
183   clambo   2021 Feb 2, 7:14am  

I called up Vanguard Brokerage and while chatting with the broker trading was stopped then started again.

A limit order got through, at $120 limit.

I got some at $113.78

I told the broker about the dot win stock blog in case Reddit kicks them out.

I didn’t know I needed approval to trade on margin, I would have bought more.

I will margin my shitty WFC which I inherited at $54, don’t believe the Buffet hype is the lesson learned.

Addendum: it looks like I made a few bucks on it
oops , no so fast 😨
184   zzyzzx   2021 Feb 2, 7:53am  

$80.5701/sh -$144.4299 (-64.19%)
185   zzyzzx   2021 Feb 2, 8:39am  

$129.98 -$95.02 (-42.23%) As of 11:35AM EST
186   zzyzzx   2021 Feb 2, 12:41pm  

Someone finally did a Hitler Downfall video for this:
Hitler loses billions on short-selling GameStop stock
https://www.youtube.com/watch?v=R8JX005MZeE
187   EBGuy   2021 Feb 2, 3:29pm  

If you sustained any losses, don't feel too bad as deepf***ingvalue is down $13.5 million today.
188   Booger   2021 Feb 2, 3:38pm  

Closed at $90.
189   Patrick   2021 Feb 2, 7:50pm  

Meh, it was fun. I'll hold it for now. Up hugely on the other stocks I own.

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