Gamestop stock situation - anyone else in on this?

[Whatev]

Just now, Arroz con Panther said:

I do know the CEO of RobinHood has an SEC committee hearing on Feb. 18th. That’s a start, I guess. 

We have had congressional hearings for less.  The SEC committee is chockfull of 99%ers.  

[KSpan]

4 hours ago, holderoftruth said:

Looks like the thrusters have fallen off the trip to the moon

Indeed, and things may have played out quite differently without the chicanery. Will be interesting to see where things ultimately land.

[holderoftruth]

1 hour ago, KSpan said:

Indeed, and things may have played out quite differently without the chicanery. Will be interesting to see where things ultimately land.

Agreed. RH open buying up to 100 shares a couple minutes ago and the price took off. 

[Squirrel]

Last Friday $332 close yesterday $90. Ouch!

[Happy Panther]

On 1/28/2021 at 12:50 PM, Mol3m4n said:

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

 

Did this happen? I haven't been paying attention.

[Ja Rhule]

39 minutes ago, Happy Panther said:

Did this happen? I haven't been paying attention.

 

[KSpan]

54 minutes ago, Happy Panther said:

Did this happen? I haven't been paying attention.

I think that was always an extreme scenario, but had they not interfered with retail last Thursday things may very well have exploded since it was in arm's reach of $500 a share pre-market. At this point though I think the main circumstances driving that surge have been mitigated (legitimately, illegitimately, or somewhere in between) and while some volatile short-term value can still be had, enough time has passed that the main at-risk parties have sufficiently hedged. 

Edited February 3, 2021 by KSpan

[Happy Panther]

I was joking. I bought a shed load of puts and have enjoyed watching it dive. When something tells you what they are believe them. I was told that $GME was being artificially (severely) overvalued for no reason other than a protest. Which I think is great but I have no emotion in the game.

Moleman told me it was going to $500 but couldn't articulate why? Which is what has been happening on WSB. Oh well.

[KSpan]

18 minutes ago, Happy Panther said:

I was joking. I bought a shed load of puts and have enjoyed watching it dive. When something tells you what they are believe them. I was told that $GME was being artificially (severely) overvalued for no reason other than a protest. Which I think is great but I have no emotion in the game.

Moleman told me it was going to $500 but couldn't articulate why? Which is what has been happening on WSB. Oh well.

With respect to valuation I think there was a tangible driver there beyond sentiment but yeah, that driver was by nature fleeting. Those funds got caught but were not going to sit there and be bled in perpetuity.

KOSS was another example of the insanity last week. Wish I would have bought into that one for a fast flip. 

[Mol3m4n]

13 hours ago, Happy Panther said:

Did this happen? I haven't been paying attention.

Squeeze will happen, just waiting for the hedge fund to actually bite the bullet. Short ladder attacks have happened for days. Very little volume is being moved. 

[Happy Panther]

[Whatev]

Speaking as someone not entirely knowledgable on this, but 13B to a bunch of hedgefunders doesn't amount to a lot.  Who's to say WSB was fed some information regarding Gamestop in order to artificially inflate the price (other hedgefunders/or same) in order to create a greater fall for shorting.  

WSB manipulated by the same people they are thinking they are hurting.  

[KSpan]

13 hours ago, Mol3m4n said:

Squeeze will happen, just waiting for the hedge fund to actually bite the bullet. Short ladder attacks have happened for days. Very little volume is being moved. 

The biggest gains were last week. There may be some more mini rallys but there's no way that the investors on the short side will be anywhere near the position they got caught in, or at the very least they're sure going to have a lot more hedging, and the retail side has taken too many losses to recapture the momentum necessary. Call me cynical but we now also know that shenanigans can (will?) occur to short-circuit the biggest happenings. Was fascinating to watch while it was happening though.

27 minutes ago, Whatev said:

Speaking as someone not entirely knowledgable on this, but 13B to a bunch of hedgefunders doesn't amount to a lot.  Who's to say WSB was fed some information regarding Gamestop in order to artificially inflate the price (other hedgefunders/or same) in order to create a greater fall for shorting.  

WSB manipulated by the same people they are thinking they are hurting.  

At this point it's sure possible but the original run-up was IMO lightning in a bottle, a perfect storm of over-extension by short-sellers on an undervalued stock getting caught up in an unprecedented wave of retail market participation after the abnormally large gains went mainstream. I'm not sure there was really a single misinformation campaign that could have effectively kicked that whole thing off but folks no doubt found way sot manipulate and capitalize. 

[CRA]

3 hours ago, Whatev said:

Speaking as someone not entirely knowledgable on this, but 13B to a bunch of hedgefunders doesn't amount to a lot.  Who's to say WSB was fed some information regarding Gamestop in order to artificially inflate the price (other hedgefunders/or same) in order to create a greater fall for shorting.  

WSB manipulated by the same people they are thinking they are hurting.  

there is an article in the WSJ about a hedge fund that made nearly a billion dollars (700 million) on the Gamestop event.