Gamestop Reddit short squeeze

[Cuchulainn2016]

I know I have pimped GME over AMC before, but I still dont see AMC being worth it.

There needs to be a catalyst to create an upward swing to push the "short squeeze". With AMC their plan is to have people go see films in their cinemas. Not exactly a winning proposition before coronavirus. And everytime the price goes up, AMC releases some more shares to cash in, and that halts the upward trend again. In addition, there are so many shares (real ones) of AMC in existence that retail cant have that big an effect upon it.

 

[GodfatherPartTwo]

SEC came out and said they are "closely monitoring" redditors and memes to make sure nothing illegal is going on.

 

[rainy]

SEC came out and said they are "closely monitoring" redditors and memes to make sure nothing illegal is going on.

Biden’s America.

 

[eradicator]

I still dont see AMC being worth it.

everytime the price goes up, AMC releases some more shares to cash in, and that halts the upward trend again.

Exactly. I honestly can’t blame the cruise lines or AMC for issuing more shares to generate revenue after having their bottom line shattered by the plandemic

But I’m not going to invest much in either of them

 

[Cuchulainn2016]

Exactly. I honestly can’t blame the cruise lines or AMC for issuing more shares to generate revenue after having their bottom line shattered by the plandemic

But I’m not going to invest much in either of them

Well both of those had their problems before the pandemic. Everytime another bout of legionnaires disease pops up then cruise lines take a hit.

And lets face it, with the crap Hollywood produces and online streaming, going to the movies isnt as profitable as it once was.

 

[eradicator]

Wow gme went up about 50 points in 20 minutes, I feel good for the guys who got in early, it seems like the stock is being heavily manipulated, expect it to continue to fluctuate like mad .

 

[C-Note]

Wow gme went up about 50 points in 20 minutes, I feel good for the guys who got in early, it seems like the stock is being heavily manipulated, expect it to continue to fluctuate like mad .

It briefly hit $330 this morning and I sold my one share that I bought over three months ago for a few dollars profit. Like I said before, if it drops back below $100 I may buy a few more shares just to symbolically stick it to the Man, but not to try to make any real money off of it. I think I already have some exposure to GME via one or more of my mutual funds, anyway. It has been fun over the last few months to imagine arrogant hedge fund managers popping antacids and throwing staplers across their offices.

 

[eradicator]

And now it’s back at 280. I swear there’s some heavy manipulation going on, I don’t think it’s Wall Street vs retail investors, if I had to guess it’s hedge funds manipulating the stock

 

[FrancisK]

Or it’s smart investors riding the wave of idiots that think it isn’t about the money…

 

[eradicator]

Or it’s smart investors riding the wave of idiots that think it isn’t about the money…

Well sure that’s what I mean, a hedge fund can totally pump up a stock like gme fifty points and then immediately sell put options and the stock drops 50 points to where it was 30 minutes ago, and make billions doing it. Someone got rich this morning, it wasn’t retail investors

 

[FrancisK]

There are guys on Reddit with millions invested and I’m sure guys who arent attention whoring on Reddit also with even bigger money in it that arent hedge funds. Myself personally I’ve bought and sold the stock more than a dozen times now each time for a profit, the point I’m making is that it doesn’t necessarily have to be manipulation making the price wildly fluctuate it could simply be people smart enough to be taking profits and taking advantage of all the social outcasts who won’t sell at any price because they’ve convinced themselves they are a part of something which every loser is so desperate for lately.

Do you think those guys with millions are going to hold on forever like all the Reddit losers?

 

[eradicator]

There are guys on Reddit with millions invested and I’m sure guys who arent attention whoring on Reddit also with even bigger money in it that arent hedge funds. Myself personally I’ve bought and sold the stock more than a dozen times now each time for a profit, the point I’m making is that it doesn’t necessarily have to be manipulation making the price wildly fluctuate it could simply be people smart enough to be taking profits and taking advantage of all the social outcasts who won’t sell at any price because they’ve convinced themselves they are a part of something which every loser is so desperate for lately.

Do you think those guys with millions are going to hold on forever like all the Reddit losers?

I don’t think the idea is to hold forever. People who like the stock long term can still buy the dips and sell at the peaks

The original idea of diamond hands is to not panic sell, and is a sound idea. I don’t think it’s to hold forever

 

[FrancisK]

I don’t think the idea is to hold forever. People who like the stock long term can still buy the dips and sell at the peaks

The original idea of diamond hands is to not panic sell, and is a sound idea. I don’t think it’s to hold forever

In a sense yes, but if they’re all waiting for the price to hit 69,420 before they sell that’s pretty much the same thing as holding on forever is it not? Liking the stock long term shouldn’t even be a thought in anyone’s mind, it’s at $300 who with half a brain would valuate GameStop at $300 a share, if you told me $30 a share I would say that’s not a realistic price. This is all one big pump and dump but the grift is the premise that you’re part of something bigger which is what the social outcasts need to hear. I’m not saying there is a specific person or group who decided to run a pump and dump but that’s what it evolved into, purposely or not.

All those guys on there are bag holders and they are happy to be that, it’s hard to even pity such nonsense. Whatever hedge fund shorted it is still shorting it as they should and they will be able to borrow money longer than the silly inflated price will hold. Yes some will get their hands caught in the cookie jar but others will make out big and the small guys get played. Some will sell when it starts tanking and will make a little but the big fish will make all the real money. Funny part is that to most of them they won’t even care they’re all just starving to give their lives some kind of validation which is why they bought so hard into this even though they are staring at more money than they have ever made in their lives from their parents basement and still refuse to sell or even at the least ride the obvious inevitable waves.

Not trying to take it down a rabbit hole but it’s not too far removed from the mask larpers and white blm idiots.

 

[rainy]

Why are you so concerned with Reddit?

 

[FrancisK]

Are you referring to me?


I’m not, I’m concerned for my brothers in Christ on here buying into that garbage instead of making financial gain from it to improve their lives and the lives of the people they care about. It would greatly benefit all of us for like minded people to be in a better position financially.

Go through the thread I’ve been telling our brothers on here to buy and sell since the beginning even though I have positions where it would be more advantageous for me to tell them to hold and buy into the clown show.

 

[eradicator]

That’s just it, they are saying the real squeeze is yet to happen and gme shares true value is close to 20000/share etc.

If GameStop develops their own platform for games similar to what netflix or Microsoft game pass has, then I could definitely believe 30 or 50$/share but that hasn’t happened yet.

 

[Optimus Princeps]

I know I have pimped GME over AMC before, but I still dont see AMC being worth it.

There needs to be a catalyst to create an upward swing to push the "short squeeze". With AMC their plan is to have people go see films in their cinemas. Not exactly a winning proposition before coronavirus. And everytime the price goes up, AMC releases some more shares to cash in, and that halts the upward trend again. In addition, there are so many shares (real ones) of AMC in existence that retail cant have that big an effect upon it.

I don't trust AA either, especially after single handedly stopping the pump last week by selling shares.

Apparently a youtuber had uncovered some dirt on him as well with some sketchy stuff going on.


I've put some money into WISH as it's pumping but will primarily be focused on GME as that's where the true short squeeze will happen imo.

 

[FrancisK]

That’s just it, they are saying the real squeeze is yet to happen and gme shares true value is close to 20000/share etc.

If GameStop develops their own platform for games similar to what netflix or Microsoft game pass has, then I could definitely believe 30 or 50$/share but that hasn’t happened yet.

The people trying to convince you to buy and hold are telling you this right? Eradicator, my brother, I know you’re smarter than that….

Gamestop is a retailer, they’re not a software producer or an IP creator they’re not even in the video game industry they are a RETAILER they are as much in the video game industry as KB Toys was. IF it happens, big IF, they are essentially just entering a new business with no advantage other than their name because they are way too late to that party, they’re not going to be able to compete with the heavy hitters they will get a small slither of the pie that keeps them afloat and that’s it. If it weren’t for this whole fiasco they were going out of business, in store retail is dead their stores are nothing but a base for e-commerce now and they are conservatively 10 years too late on their transition to e-commerce.

To put it plainly, if you’re some loser playing video games in your moms basement on your Xbox and a new game comes out are you going to buy it from Xbox or GameStop? Will it even be available on GameStop? What exactly are they going to be selling or offering that isn’t already offered by half a dozen much stronger easier to access competitors? What they’re going to get some garbage trash games from floundering software companies exclusive to them because no other carrier wanted it? They’re essentially trying to open a McArnolds to compete with McDonald’s in an effort to save a dying retail business, does that sound like a viable business strategy? I can’t even believe I’m trying to explain why their shares beyond this pump are worthless.


I’ve said it since day one and it has rung true every day and week that has passed, let the social outcasts be the suckers, this is a flipper a multiple flipper. Flip it every single day and you will come out way ahead, if you really believe in this whole clown show then keep half your shares on the side but don’t be just another bag holder. Make your money here…that’s all I'm saying!

 

[FrancisK]

Another thing I should add to give it some perspective, this has been going on for months the hedge funds at this point are making more money off of it than anyone…

Trust me they know what they’re doing better than anyone, they’ll gladly sacrifice one of their own for a tenth of a point. You think these jews have a moral compass when it comes to money?

The whole thing about taking down a greedy jew hedge fund, yea I’m game for that. But does that really matter if you line the coffers of a hundred more while doing it off the backs of a million young idiots who didn’t know any better?

How many times do you think you are going to catch hedge fund Jews off guard? Once was a shock and a true Holocaust for them, how many times has it been since then? You think it’s just happening again and again and they are losing each time?

 

[eradicator]

The people trying to convince you to buy and hold are telling you this right? Eradicator, my brother, I know you’re smarter than that….

Gamestop is a retailer, they’re not a software producer or an IP creator they’re not even in the video game industry they are a RETAILER they are as much in the video game industry as KB Toys was. IF it happens, big IF, they are essentially just entering a new business with no advantage other than their name because they are way too late to that party, they’re not going to be able to compete with the heavy hitters they will get a small slither of the pie that keeps them afloat and that’s it. If it weren’t for this whole fiasco they were going out of business, in store retail is dead their stores are nothing but a base for e-commerce now and they are conservatively 10 years too late on their transition to e-commerce.

To put it plainly, if you’re some loser playing video games in your moms basement on your Xbox and a new game comes out are you going to buy it from Xbox or GameStop? Will it even be available on GameStop? What exactly are they going to be selling or offering that isn’t already offered by half a dozen much stronger easier to access competitors? What they’re going to get some garbage trash games from floundering software companies exclusive to them because no other carrier wanted it? They’re essentially trying to open a McArnolds to compete with McDonald’s in an effort to save a dying retail business, does that sound like a viable business strategy? I can’t even believe I’m trying to explain why their shares beyond this pump are worthless.


I’ve said it since day one and it has rung true every day and week that has passed, let the social outcasts be the suckers, this is a flipper a multiple flipper. Flip it every single day and you will come out way ahead, if you really believe in this whole clown show then keep half your shares on the side but don’t be just another bag holder. Make your money here…that’s all I'm saying!

Agreed, I never said I thought gme shares were worth $10000+ per share or anything close to it. But that is the logic of WallStreetbets

As for flipping every single day, I don’t have time to monitor the market constantly and make those plays. If you can do that then great, it sounds like you’ve done well so far, good work.