Commissar SFLUFAN Posted January 14, 2021 Share Posted January 14, 2021 Wall Street Bets Traders Are About To Be Crushed By GameStop Quote The 2020 holiday shopping season was quite bad for GameStop given the huge burst in spending on video games because of the pandemic keeping people inside and the console cycle. Comp store sales growth was 4.8% with 308% growth in online sales. Total sales fell 3.1% with an 11% decline in the store count. Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 14, 2021 Share Posted January 14, 2021 it is a combination of a short squeeze and FOMO right now Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted January 14, 2021 Author Share Posted January 14, 2021 6 minutes ago, elbobo said: it is a combination of a short squeeze and FOMO right now The short squeeze is absolutely responsible for the 100% increase in the last two days. Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted January 15, 2021 Share Posted January 15, 2021 15 hours ago, elbobo said: it is a combination of a short squeeze and FOMO right now Isn't short squeeze your porn name? Quote Link to comment Share on other sites More sharing options...
Best Posted January 15, 2021 Share Posted January 15, 2021 I haven't been in a gamestop in years. They are dead to me. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 15, 2021 Share Posted January 15, 2021 7 minutes ago, best3444 said: I haven't been in a gamestop in years. They are dead to me. You should go in. They have some pretty cool stuff going on. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 15, 2021 Share Posted January 15, 2021 I bought in at $14 for a few shares when that announcement about partnering with Microsoft came up in October. Had my sell limit order trigger yesterday at $40. Just wish I'd bought more. Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 22, 2021 Share Posted January 22, 2021 currently flirting with $50 per share edit - looks like got to $73 at one point Quote Link to comment Share on other sites More sharing options...
Brian Posted January 22, 2021 Share Posted January 22, 2021 Lol that was a quick 50% gain for me. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 22, 2021 Share Posted January 22, 2021 2 hours ago, elbobo said: currently flirting with $50 per share edit - looks like got to $73 at one point Yup. And I sold it at $40. Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 25, 2021 Share Posted January 25, 2021 The squeeze is still on. It has entered epic territory, like this will be in college financial class text books one day levels. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 25, 2021 Share Posted January 25, 2021 The Reddit for the wall street bets is crazy right now. Between GME, BB and PLTR, 🚀🚀🚀🚀🚀🚀 Quote Link to comment Share on other sites More sharing options...
Jason Posted January 25, 2021 Share Posted January 25, 2021 On 1/22/2021 at 10:31 AM, Jason said: Yup. And I sold it at $40. Wasn't too sad on missing out on $40 vs $50 for only three shares but $40 vs $100. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted January 25, 2021 Share Posted January 25, 2021 Literally anyone who tries to suggest that the stock market is tied to the health of the economy should be shot on site and their body left to rot as an example to others. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 25, 2021 Share Posted January 25, 2021 One trader on Reddit turned $53,566 into more than $11 million.This is the story of how WallStreetBets pushed GameStop shares to the moon https://t.co/KiTIPI6wq7— Bloomberg Wealth (@wealth) January 25, 2021 Quote Link to comment Share on other sites More sharing options...
Jason Posted January 25, 2021 Share Posted January 25, 2021 Aaand it's gone. Quote Link to comment Share on other sites More sharing options...
Joe Posted January 25, 2021 Share Posted January 25, 2021 31 minutes ago, LazyPiranha said: Literally anyone who tries to suggest that the stock market is tied to the health of the economy should be shot on site and their body left to rot as an example to others. While they indeed should, I would recommend a similar fate for anyone that suggests Gamestop's share price to be indicative of anything. Quote Link to comment Share on other sites More sharing options...
ThreePi Posted January 25, 2021 Share Posted January 25, 2021 Has the Gamestop made any recent statements about what is going on? I don't know exactly how WSB managed this, but memeing a stock to obscene growth really tells you a lot about what the Stock Market means overall. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 25, 2021 Share Posted January 25, 2021 9 minutes ago, ThreePi said: Has the Gamestop made any recent statements about what is going on? I don't know exactly how WSB managed this, but memeing a stock to obscene growth really tells you a lot about what the Stock Market means overall. Are US stocks in the middle of the biggest short-squeeze in market history?These charts suggest they might be. pic.twitter.com/zrOH25v4uf— Jim Bianco (@biancoresearch) January 24, 2021 Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted January 25, 2021 Share Posted January 25, 2021 Currently trading at 69. Nice. Quote Link to comment Share on other sites More sharing options...
Pikachu Posted January 25, 2021 Share Posted January 25, 2021 Nice Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted January 25, 2021 Share Posted January 25, 2021 1 Quote Link to comment Share on other sites More sharing options...
Brian Posted January 25, 2021 Share Posted January 25, 2021 Retail investors basically just shut a hedge fund down.Citadel and Point72 are investing (backstopping) $2.75 billion into Melvin Capital who was superman short $GME GameStopMelvin down over 30% in 2021Melvin cap is run by Gabe Plotkin a Steve Cohen SAC protege— Will Meade (@realwillmeade) January 25, 2021 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted January 25, 2021 Share Posted January 25, 2021 Quote Link to comment Share on other sites More sharing options...
Brian Posted January 26, 2021 Share Posted January 26, 2021 $GME is "now a $5.5-billion short," S3 Partners' @IHors3 says. "This is not a small short. This is not a short with a small breadth. This is a big short with a lot of people involved... This is not just your normal hedge or alpha-generating bet." https://t.co/Jb7k9tf4PH pic.twitter.com/MRkuWmKxK0— Yahoo Finance (@YahooFinance) January 26, 2021 Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 26, 2021 Share Posted January 26, 2021 over $200 after hours today Quote Link to comment Share on other sites More sharing options...
Jason Posted January 26, 2021 Share Posted January 26, 2021 7 minutes ago, elbobo said: over $200 after hours today $250 now Quote Link to comment Share on other sites More sharing options...
Brian Posted January 26, 2021 Share Posted January 26, 2021 4 minutes ago, Jason said: $250 now Quote Link to comment Share on other sites More sharing options...
Jason Posted January 27, 2021 Share Posted January 27, 2021 1 hour ago, ManUtdRedDevils said: Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted January 27, 2021 Share Posted January 27, 2021 The stock market should be obliterated. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 27, 2021 Share Posted January 27, 2021 They're doing it to AMC now, up 64% AH today. Quote Link to comment Share on other sites More sharing options...
elbobo Posted January 27, 2021 Share Posted January 27, 2021 All I can say at this point is good, fuck shorts. I've held stock in more than a couple companies that have been systematically held down by them. This stock had 147% of its float shorted, that shouldn't even be possible without naked shorting which is illegal. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted January 27, 2021 Share Posted January 27, 2021 Alright I'm kinda on board with this whole thing now Quote Link to comment Share on other sites More sharing options...
osxmatt Posted January 27, 2021 Share Posted January 27, 2021 I don't have one of those million dollar posts on WSB, but needless to say I've made a good amount of money on this over the past 10 days. I'm thinking I'll get out by Friday. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 27, 2021 Share Posted January 27, 2021 3 hours ago, Amazatron said: They're doing it to AMC now, up 64% AH today. I hear Blackberry as well. Quote Link to comment Share on other sites More sharing options...
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