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GME Squeeze Pt. 2?


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2021 Feb 24, 12:54pm   8,038 views  76 comments

by joshuatrio   ➕follow (4)   💰tip   ignore  

Is it happening.... AGAIN?

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15   joshuatrio   2021 Feb 25, 6:27am  

damn ... 174
16   zzyzzx   2021 Feb 25, 6:50am  

$112.98/sh +21.27 (+23.19%) DATA AS OF FEB 25, 2021 9:49 AM ET
17   Buck_Fiden   2021 Feb 25, 8:43am  

Did they stop it?
18   EBGuy   2021 Feb 25, 2:54pm  

clambo says
I regret not having the balls and sufficient autism to use my margin to buy 5,000-10,000 shares of GME.

Please don't. This stock will end up in single digits.
19   mell   2021 Feb 25, 4:37pm  

EBGuy says
clambo says
I regret not having the balls and sufficient autism to use my margin to buy 5,000-10,000 shares of GME.

Please don't. This stock will end up in single digits.


Agreed
20   EBGuy   2021 Feb 25, 5:38pm  

Picking up some more shorts with the price rise...
21   Onvacation   2021 Feb 25, 9:12pm  

EBGuy says
Please don't. This stock will end up in single digits.

I worked at a company where, shortly before we lost our jobs, our stock went down to literally one cent per share. A colleague bought a thousand shares.

He lost it all!
22   joshuatrio   2021 Feb 26, 8:01am  

It's hanging around $120 today. Wondering if it'll go parabolic.

Ultimately, it will tank, but when is the question.
23   clambo   2021 Feb 26, 8:26am  

I’m going to try to hodl GME until $500 or so.
I’m hoping that a lot of guys buy it to “get rich quick” , “fuck the hedge funds”, and that the hedge funds themselves are squeezed and are stuck between a rock and a hard place.
I’m able to wait it out.
I think it’s going to eventually go below $100 and be above $10 or so.
But Tesla is worth a fortune and I still don’t see them making much $ in a crummy business (cars)
If I were smart and had any balls I would buy some extra AAPL ($123) with my margin and sell it when it’s back at $170.
But I’m a chickenshit mostly.
26   clambo   2021 Mar 9, 5:22am  

Before GME was 50-70 bucks I texted my brother “buy GME, now , today.”
He procrastinated. He never bought any.
He had $50,000 sitting in the bank, rotting.
Now he’s checking the price constantly and telling me “tell me the next time you get a good idea!”
He’s got chickenshit remorse big time.
What amazes me is I have no idea where I heard about WSBets and GME but I’m glad I did.
It wasn’t TV, I don’t watch the talking heads.
27   RC2006   2021 Mar 9, 6:16am  

clambo says
Before GME was 50-70 bucks I texted my brother “buy GME, now , today.”
He procrastinated. He never bought any.
He had $50,000 sitting in the bank, rotting.
Now he’s checking the price constantly and telling me “tell me the next time you get a good idea!”
He’s got chickenshit remorse big time.
What amazes me is I have no idea where I heard about WSBets and GME but I’m glad I did.
It wasn’t TV, I don’t watch the talking heads.


It's more gambling than investing. Yes he would have made a killing but hindsight is 20/20. There are a ton of bag holders at 300-400.
28   clambo   2021 Mar 9, 7:59am  

I recognize it’s gambling but his basis was going to be 50-70 bucks.
Mine is 108.

When I saw Leon Cooperman crying I realized that they had something to their theory about shorts being caught with their pants down.
29   joshuatrio   2021 Mar 9, 1:03pm  

Lol, I'm actually up by a few bucks on this thing. Hilarious.

30   clambo   2021 Mar 9, 1:54pm  

I think I've found a new hobby.
31   EBGuy   2021 Mar 9, 2:47pm  

BayArea says
I have a sell order in for $1000/share. We'll see if it happens.

Be forewarned, I'm going to put one in for $999/share.
32   Patrick   2021 Mar 9, 7:59pm  

I'm enjoying watching this latest surge as well. It's good entertainment if nothing else.
33   zzyzzx   2021 Mar 10, 6:19am  

$267.13/sh +20.23 (8.19%) Pre-Market: 9:17AM EST
34   clambo   2021 Mar 10, 6:23am  

I’m not selling until it’s 500 bucks, maybe a grand ;)

I will ride it down to hell if it goes down, so what.

“In for a penny, in for a pound.”
35   joshuatrio   2021 Mar 10, 6:36am  

@Patrick - you bought in around $300/350?

Looks like the train is coming back for ya. lol
36   Patrick   2021 Mar 10, 9:02am  

Yup! Lol, I got out with a tiny profit.

I think it may well go higher, but I'm happy to have had the fun and not lost anything.
37   RC2006   2021 Mar 10, 9:33am  

tanking is money moving to rblx lol
38   clambo   2021 Mar 10, 10:49am  

I just got 5 more using my margin.

"You know I'm going to lose
and gambling's for fools
but that's the way I like it baby
I don't wanna live forever. "
Motorhead
39   RC2006   2021 Mar 10, 11:07am  

rblx started 20 higher than expected, this market is crazy.
40   clambo   2021 Mar 10, 11:18am  

is rblx good?

I'm asking for a friend.
41   RC2006   2021 Mar 10, 11:34am  

My kids use to play it and my kids friends with none gaming pcs play it and I've seen enough little kids begging parents to buy robux in checkout line. This is Minecraft 2.0 not to be confused with analogies that some posters make about gold 2.0 ;)
42   joshuatrio   2021 Mar 10, 12:47pm  

I know nothing about rblx, other than it's being pumped on the stock forums right now. I'm sticking with GME for the hell of it.

GME was somewhere around $330 today, before being knocked down to $200. It bounced right back up and is climbing again. Unreal.

If I had balls, I'd put a couple hundred k on this.
43   zzyzzx   2021 Mar 12, 7:00am  

$278.25/sh +18.25 (+7.02%) As of 9:59AM EST. Market open.
44   clambo   2021 Mar 12, 7:36am  

Funny, my brother is always asking me for “stock tips” since I told him about ROKU at the IPO.

So I mentioned RBLX and he bought a couple grand worth of it that day.

I only said it might be interesting but his son has students who use it for games so he went for it.

I’m going to have to find other things to try after I sell my GME shares.
45   Patrick   2021 Mar 12, 6:18pm  

joshuatrio says
If I had balls, I'd put a couple hundred k on this.



I wouldn't do that. You could easily end up without those balls.

That is, unless you know something, or have some special insight.
46   Rin   2021 Mar 15, 3:46pm  

This looks like a classic straddle trade setup, using options.

In other words, there's both price action and volatility so one can buy both a put & call option with reasonable pricing and thus, if it continues its ride up, you make money and if it crashes, you do the same.

Here, it's unlikely that the price will settle in the middle where you lose money paying for the options.
47   Patrick   2021 Mar 15, 3:53pm  

Makes sense. But if other people are doing this, maybe the price of those options has been bid up to the point where it's unlikely to be profitable now.

Or maybe there is still profit to be had.
48   clambo   2021 Mar 15, 4:01pm  

I had a visit with my childhood friend.
We spent our summers spear fishing, sailing, and scuba diving along with the other misadventures of youth.
He’s got a good job he can do from anywhere using web access.
Owns a house in New England for summers and just got one in Florida.
But, he’s paying $4,000/month rent in Boston and who knows what in Massachusetts income tax.
Why? His wife and daughter want to be near each other to care for the grandchild.
I estimated he pays $75,000/year so his wife can be a babysitter.

This has nothing to do with GME; but if I lose money on my gamble, at least I can think of a guy losing much more, and his loss is avoidable with no possible upside.
49   EBGuy   2021 Mar 25, 3:25pm  

I panicked yesterday and sold my three shares. This is what happens when you don't HODL -- an upgrade!
50   clambo   2021 Mar 25, 5:26pm  

I don’t know the future.
But if GME was once $400/share I’m gonna hodl until it’s 400 again.
I might be waiting longer than my lifespan however.
51   joshuatrio   2021 May 25, 2:09pm  



Broke $200 today. We seeing the second squeeze in the next few days/weeks????
52   clambo   2021 May 25, 2:45pm  

Yeah baby.
53   EBGuy   2021 May 25, 5:14pm  

AMC closes above $16. Fasten your safety belts...
54   EBGuy   2021 May 27, 5:53pm  

AMC closes at $26.5. Did not HODL. May have to join the shorts at some point.

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