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To add to my post (as I'm reading more), it's also highly likely that all of those sub-$100 shorts have been covered. Why wouldn't a hedge like Melvin ride this wave up with the rest of the autists, use that to cover their losses, and take out new shorts in the $100-300 range? I mean, the hedge...

I mean, it's like people think the rest of Wall Street are ignoring this too or something. In the grand scheme of things, even if this is a few hundred billion, the market is trillions. There are plenty of Wall Streeters that didn't short these companies and are ready to pounce on all this easy...

May not be the same guy, but at the very least, fuck that dude. Apparently worked at Lehman in 2008 as a SVP. https://www.zoominfo.com/p/Jeffrey-Psaki/16675738

I have a feeling that's just a stupid tweet and the article doesn't say it at all. Based on her memo, that's not what she's asking. But she's definitely not "sticking up for retail investors," either.

Good luck trying to sort out the hundreds of millions of transactions over the last week.

Someone in the comments of the ZH article said maybe it's that RH is the brokerage that lent out all the shares for the shorts? So they might for real be fucked. I don't know if that logic actually follows though.

2008 wasn't that long ago. Even if a lot of these people didn't have money in the market, their parents probably did. And they may have also graduated into a job market that was cratered by it. I think next week I'm off the meme train. My brother-in-law has bought a decent amount (probably in...

So essentially we'll see the price crater, and then blow up Monday morning?

Asked in Discord, but these ITM right now, is it at market close, or does AH count too? Just curious if we hit our mark or have to sit here shitting for another 4 hours.

I say good luck to my FOH retards. I wish I had made a ton on this and could write someone a check too.

He doesn't understand why he bought them in the first place. That was essentially just a pump and dump, when the entire point was a short squeeze. But okay.

Agreed. There's going to be a bloodbath if a bunch of people expecting today to be "the day" start selling.

Need even more because they're going to ladder the shit out of this to try and force the price down, and likely retail will be locked out of trading to make up the difference. Feel like we need $300+ GME and $15+ AMC.

So explain why they limited buying, but not selling?

With over 100% still shorted, you actually are basically guaranteed that you're taking it from the hedgies.

And if what I said is true, it's just exacerbating the problem. People are just looking at these as sales now and the price flies back up when they're done manipulating. Looks like the prices are coming back up again.

Same sell ladder as before based on volume. They're hoping to get people selling before the weekend I bet, especially since so many were convinced today would be the day of the squeeze and not understanding that it's at close. And if they can get it low enough, a lot of stuff becomes OTM soon.

This is true. I have a finance degree, a job that allows me to research this shit essentially all day (probably done a good 50 hours of reading this week), and I still only put in about 0.1% of my net worth into it. I know the risks, but most people have no fucking clue what's going on. And...

Yep, that's why they revel in the fact that they're all "retards." They're broke idiots. What the fuck do they care? Oh, they lose and they're still broke? Or they hold and make a fortune.

Just keep in mind the bulk of the AMC shorts are sub-$8, and since we've stayed above that level, the squeeze is still there.

I feel like the restrictions on amount of shares to buy is really stifling upward movement this morning. Otherwise I can't figure out why shit would be flying like it was previously but stalled out now.

My understanding is it's updated on Wednesday. And as of this past Wednesday, 2 days ago, it was 122% or so?

If they did, they ate a giant pile of shit to do so. That doesn't make much sense. If anything, they got out of the high money shorts that they doubled down on with their $2B cash infusion Wednesday. Those shorts were closer to the $300/share range. Getting out of the $2 shorts while this is at...

They've still got more shorts outstanding than stock in existence. The short squeeze will happen unless everyone bails out the hedge funds by selling. I say this as someone with not a single share in GME.

It eventually went through. But the delays meant I got in at $16.50 instead of like $13 (and had my overnight not been cancelled, probably $8-10). Which means I've been sitting here with dead money waiting for AMC to recover. Had it not been for the buying cancellation yesterday, I might be...

I will say it's interesting that I'm starting to see posts on WSB about how "holy shit, the market might tank after this." Pretty sure I called that mid-day yesterday when I noticed the whole broad market was in the red except for meme stocks.

I have to keep reminding myself that I don't actually care that much about this. Even if my 60 shares of AMC skyrocket to $30 tomorrow, I sell it all and buy GME, and that skyrockets to $5,000/share, the amount we're talking about isn't life changing. I mean, I'm not saying $25k wouldn't be...

I mean, if that's true, tomorrow's the day the world economy ends. Why would they just allow trading to resume if that's the case?

Well, goodbye my fucking hopes at breaking even.

So what's the next band since it's at $12.34 right now (granted, in AH).

AMC hit $12 too.

Ditto with "ackshually it wasn't $810k for a single speech." Fine, it was $810k for several speeches, I GUESS YOU WIN! And fuck the Press Sec. with "she's an expert." Apparently experts can't be wrong about anything and bribing them isn't a thing.

Fuck these fucks. What a joke. https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility/

So any ideas why they've stalled out again? Seems like people would be buying this dip.

Aren't short term at your regular income level?

AMC was flirting around $10 for a while and seems to have lost support.

I just want to point out that Apple is down again today. Stock market is fucking retardo.

They're still way up compared to a week ago. But yeah, if I'm on the board of Blackberry or Nokia, I'm sitting here like what the fuck?

I can't imagine those are actual shares being sold by Robinhood. Margin call - sure. That would be so incredibly fucking illegal that people would go to actual prison.

Has anyone taken a look at the volume on GME and AMC? Wondering if this isn't just another ladder down like in AH last night. Granted, the volume could also be low since no one can buy, but it's a thought.