do u have enough money invested to be on edge all weekend and stressed Or did you puss out and only buy a few shares....
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- Thread starter broke'n'nuts
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do u have enough money invested to be on edge all weekend and stressed Or did you puss out and only buy a few shares....
jhurkot
Active VIP Member
JustChilling19
Active VIP Member
We still have GME. Sold out of AMC this afternoon before it dipped again. Made a nice profit on that one the past few days. Timed the pullback on GME. Already house money, now even more house money with the ins and outs. Nothing but pure profit, let her launch- all the way to the moon!!
I Bet the Suits over at BlackRock are pretty happy. They have 8.6million shares in Gamestop! FMR LLC 9.5million shares, Vanguard group 5.2 million shares, Susquehanna growth equity 4.4million shares, Dimensional Fund Advisors 3.9million shares, State Street corp 2.6 million, Morgan Stanley 2million shares. (as of sept 2020)
I also bet the CEO would love to dump his 2 million shares right about now. He was only getting paid 1million a year because the company was going broke and now he is a Billionaire on paper.
I have a feeling there is some really happy Suits out there....
I also bet the CEO would love to dump his 2 million shares right about now. He was only getting paid 1million a year because the company was going broke and now he is a Billionaire on paper.
I have a feeling there is some really happy Suits out there....
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Dawizman
Active VIP Member
The shorts don't expire. They just have interest payments to make on them. The longer this holds, the more they bleed.
I wonder if the CEO can sell in this situation. I bet there are laws. If he sells his shares it makes him look like he's part of the scam....
jhurkot
Active VIP Member
$GME isn’t a scam. The scam was shorting more than 100% of the shares.
pfi572
Active VIP Member
Unless the states are different he can’t sell unless it’s a exit strategy set out months in advance and publicly announced.
They could collapse the share prices other wise .
the company isn’t a scam but the stock valuation is
ABMax24
Active VIP Member
IIRC it's a 6 month waiting period for an insider to buy or sell stock.
Conversely I've seen a couple times where good news for a company is announced just before the planned sale of an insiders shares. Probably just coincidence, but you never know.
Conversely I've seen a couple times where good news for a company is announced just before the planned sale of an insiders shares. Probably just coincidence, but you never know.
Some guys on wall street bets are saying they are putting their last 1000$ into this and it's not about the money it's about sticking it to the "suits" at Melvin capital. Wonder if they realize they are making a bunch of other suits tons of money?
And likely to loose all of theirs.
And likely to loose all of theirs.
ABMax24
Active VIP Member
This will likely be the reality.
Some of the hope is this opens the eyes of the public and those of the regulators to the games these hedge funds play.
At least on the retail level investing is changing, it seems shares of companies are being bought on an emotional value and less on fundamentals. It's something I've struggled with trying to learn, there are companies whose valuations simply don't make sense, Tesla being a prime example, it is way over-valued based on traditional fundamentals. Their market cap is something like $1.4 million per vehicle sold, which is laughable compared to any other auto-maker, I think Toyota is the next highest at $20k per vehicle sold. I then found the WSB page with this GME event, now the picture is becoming clearer.
X-it
Active VIP Member
All they are going to do is restrict the "little guy" (after they loose thier money) even more and it will be buisness as usual for the big guys.
you cant even invest in a lot of the good stuff unless you are an acreditted investor. All to protect joe 6 pack from their own stupidity. (Or from making any money)
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ABMax24
Active VIP Member
Maybe, but I don't see it. I see large announcements from Wall-Street coming welcoming retail investors to the market. They will then create a new game where they will again have the upper-hand.
How so? They already have the upper hand. Gme is small fries....
ABMax24
Active VIP Member
The short/gamma squeeze is now known the world over by small investors. The short and distort scheme now really isn't going to be effective, at least without taking massive risk. Retail investors are going to be looking for more GME type events. At the very least I believe the SEC will look into these short sales, and class-action suits have already been filed against retail brokers like Robinhood for limiting access to the market.
It seems people and politicians of all stripes have spoke out about what has happened here, something that sure doesn't happen often. I would be quite surprised to not see new regulation come into force, but I don't see being against retail traders.
The more money invested in the market by small investors the less powerful these large institutions become.
Short squeezing is nothing new. This one is getting a bunch of press due to the robinhood, reddit angle. Probably was some suits that started this whole thing. Looks like a pump and dump.
Gme is a nothing stock, but makes for good entertainment in the media.
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