I read that Friday was the deadline to fuck the multitude of institutional investors shorting Gamestop. If so, did we do it? Did we win?!
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note: not financial advise Friday was not the end. 7 hedge companies came in and bailed them out. They double downed on their bet. That fight will be another 2 weeks. Speculation is Feb 6th-8th we will see. $GME .. we about to see if this is real. Next will be $SLV. If $SLV breaks free, Fiat falls. $PSLV and $SLV I don't know the difference. Someone just put a $49 million support at $24.99 in $SLV at 3:55 on 29Jan21. Meaning this stock will not drop below (excluding manipulation) that till this guy pulls out or banks rally together. This is a war we are watching. Normally takes a week or 2 to pop after that kind of play. Shorts need to expire and cause a vacuum.
Did the same thing happen with AMC and Nokia? I didn't have enough money to jump in on Gamestop, but I did throw $20 at AMC, and I haven't heard anything about them.
No clue. The media is focused on GME. In war, a bomb will go off in one place the high value targets attacked in another. Generally a cover for a covert operation. It's just giant carpet bombing going on right now. Some stocks maybe needing more skilled traders to trade in. Risk is yours. GL fren.
Thanks, AMC was up by 40% yesterday so I assumed the buybacks must've started. I'm holding for the time being, I heard that it could take about a week for the price to really jump. This is the first time I've ever bought stock lol. I hope everything goes well for us!
AMC and NOK are supposed to go up this week but really take off the week after... At least that's what I've been reading. I don't know much. Bought some stock with a little bit of extra cash I had, I like it so I'll keep it.