Gamestop stock situation - anyone else in on this?

[Panther'sBigD]

No one is selling, at least not in large numbers. The big fish are manipulating the market right now, but I guarantee the wackos on WSB and the like are not selling right now. They're all angry because they haven't been able to buy the dip. 

[Mol3m4n]

4 minutes ago, Happy Panther said:

why?

 

The hedge funds are trying to manipulate today in order to make losses a minimum. The dip is artificial and the billionaires are doubling down on their shorts. With that being said, stock prices for gamestop is expected to rise near or over $1000 in the middle of next week.

 

EDIT: There is also no volume being moved at the moment.

Edited January 28, 2021 by Mol3m4n

[Happy Panther]

2 minutes ago, Mol3m4n said:

 With that being said, stock prices for gamestop is expected to rise near or over $1000 in the middle of next week.

Based on what?

[KSpan]

7 minutes ago, Mol3m4n said:

Class action lawsuit is incoming.

Will be fascinating to see how some try to explain what that shutting the valve off for retail can be seen as anything short of deliberate market manipulation, particularly given the stocks that have been excluded.

[pantherphan96]

3 hours ago, Happy Panther said:

Based on what?

some shorts will have to close their positions on friday and are trying to tank the stock to mitigate the losses by decreasing the differential when they buy back the stock, as well as shorting it near the top and selling their short after they have artificially manipulated the stock price

[Ricky Spanish]

34 minutes ago, pantherphan96 said:

some shorts will have to close their positions on friday and are trying to tank the stock to mitigate the losses by decreasing the differential when they buy back the stock, as well as shorting it near the top and selling their short after they have artificially manipulated the stock price

your avatar fits my mood perfectly. 

What are you guys using to buy? I was using robinhood and they locked the stocks down today. Pissed me the hell off. 

[Panther'sBigD]

7 minutes ago, Ricky Spanish said:

your avatar fits my mood perfectly. 

What are you guys using to buy? I was using robinhood and they locked the stocks down today. Pissed me the hell off. 

I already had a Fidelity account and they never stopped allowing trades. I didn't buy into GME, but I increased my positions with several of the other stocks wsb has been discussing. 

[pantherphan96]

GME is the one. AMC, BB, NOK are other popular short squeeze options, but nothing will ever compare to what is going to happen (and has already happened) with GME.

[frash.exe]

4 hours ago, Khyber53 said:

The house always wins in the end. Vegas wasn't built on winners.

 

In all honesty, though, this is a good thing. A group of minor, wee minor, players got involved together to push the game in their favor and the big money players never saw it coming and didn't understand it when it did. Here's why it is good: Our system isn't rigged.

That's right, our system isn't rigged. It does, however, have a byzantine set of rules, opportunities and pitfalls that have come to be exploited by those who have the money to fund massive research not just in companies and investment vehicles, but to research the underlying math, laws and game theory (heck even chaos theory) to get every edge possible. They then have the funding at hand to make massive investments where their profits are just pennies per unit, but create ongoing profits. Those moves and manipulations use billions to make millions every day creating virtual money machines.

Moves like the Gamestop/AMC one can put a quake in the market. Nothing as financially devastating as the mortgage meltdown (and yeah, those big funds were the movers behind that), but something to make them take stock (no pun intended).

Shake 'em up. Run a couple of the bad ones into the ground. It's sometimes important to harpoon a whale or two.

 

while agreeing with most of what you said, how do you say the game isn’t rigged when these brokerages are literally prohibiting regular joes from buying GME on their apps... but they’re still able to sell it? if you can sell it, there has to be a buyer, but if you can’t buy it on robinhood, or any brokerage that apparently uses apex clearing, then there is some behind-the-scenes horse poo happening, bc somebody out there is not happy their hedge fund lost billions bc a bunch of internet trolls got wise to their bullshit, and has a lot of strings to pull at their disposal to put a clamp on the losses.

idk how long the chain of ball squeezing goes, but a small group of ppl in this world are squirreling away all the wealth to control for themselves and have been manipulating the markets with hedge funds and shorts for decades, whilst not producing or returning anything of value to the world. and i don’t think they’re centralized like a round table of villains with slicked back hair and eye patches, but their wealth addiction is bleeding the rest of our society dry. GME, a struggling corporation but still incorporated nonetheless, is like a hapless rag doll to these machines.

[Ricky Spanish]

1 hour ago, Panther'sBigD said:

I already had a Fidelity account and they never stopped allowing trades. I didn't buy into GME, but I increased my positions with several of the other stocks wsb has been discussing. 

Just opened an account with them. I'm transferring all my robinhood money over there in the morning. 

[jasonluckydog]

DOGE up to ..03! 

 

You know some rich folks got richer today. 

[Mol3m4n]

INVEST IN DOGECOIN! I've net $4000 on a $1000 investment.

[frash.exe]

 

[Squirrel]

You better sell gme before you get burned.