Investing General Discussion
- Thread starter Furious
- Start date
stupidmonkey
Not Smrt
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- 3,660
Essentially, there was some chatter to get in before noon est yesterday and that seems to be when it started to balloon to .08. I threw my meme money at it since I couldn't get into anything else since I'm waiting on approvals for other accounts. Sad because I have 6 accounts and all did the "it's for your best interest" routine. No fidelity or vanguard but will have to look into it this weekend.
Gravel
Mr. Poopybutthole
- 36,318
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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.
Tmac
Adventurer
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I've got $1,150 in Robinhood that will either sink or swim. Currently down to $909. We'll see!
I tried to purchase shares of AMC this morning and the order still hasn't executed. WTF?
Cupcaek
Molten Core Raider
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Gravel
Mr. Poopybutthole
- 36,318
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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 $150/share makes no sense, as you're eating a 1000%+ loss.
Sanrith Descartes
Veteran of a thousand threadban wars
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I am just throwing this out there as an alternative way to play AMC and GME. You can write puts at the 50 cent or $1 strike expiring next month. Yes the stocks are going to come down, but unless they go bankrupt they should stay above 50 cents or a dollar (both were above a dollar pre-short squeeze). Buy enough contracts and that 5 cent premium adds up.
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Furry
WoW Office
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Short data isn't published that often, so the answer is we don't know how shorted gme is at the moment. I guess we'll see if the sparks fly or not soon.
Gravel
Mr. Poopybutthole
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My understanding is it's updated on Wednesday. And as of this past Wednesday, 2 days ago, it was 122% or so?
Tmac
Adventurer
- 9,321
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Yeah, I just tried to find short data and all I found was this:
They've dropped 10,000,000 short shares. Is that a lot? What are the implications of it only representing 13%? That's still over 100% shorted right?
Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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he is in discord right now, telling us how he has to "call his guy" to make tradesWe really should unbanFoler for this. His BIG MONEY antics would be quality entertainment.
i think its just some guy his parents hired for $12/hour to make him feel like a big boy
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Arden
Blackwing Lair Raider
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I threw money at doge yesterday and I'm still at more than double. Going to hold onto it. Probably stupid. Pretty much all currency value is based on hype/belief anyway. I'm seeing a ton of appetite still out there for people trying to buy it but can't.
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Alright, I made my options gamble with the remaining $1700 I had in that account for funsies.
UWMC earnings are next week. I think it’ll do well.
22 contracts of UWMC $12.50 2/19.
Prizes will be given if it plays out.
UWMC earnings are next week. I think it’ll do well.
22 contracts of UWMC $12.50 2/19.
Prizes will be given if it plays out.
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Big Phoenix
Pronouns: zie/zhem/zer
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To the extend that GME popped? Certainly not but there will always be short positions to blow up.
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