For all the newbies and potential ?? out there, this dip in $GME is a buying opportunity. Let me expand on this. Compare $GME to the chart of Volkswagen from 2008, the last MOASS (mother of all short squeezes). They are similar. https://steemitimages.com/p/26uUsAjKTsXCBRzTxRJWxpz7qLMdK4Nq6Ha3QAmrmWNLCRew1SDj7JkEoojF6Xsue9cx8dfgMrubcv22vLJexFjJKWYVr46C6dMSrGczCZha5Bp8dwHoN7wfcmChUua6vBBG9QB4E4mLBtnTQ7NhvRNULBqPU35TgkVcM4?format=match&mode=fit&width=1280 History doesn't repeat itself exactly but it does rhyme. Also remember this community has a lot of buying power in the ether due accounts being transferred from Robin Hood to other brokers. They should start landing by the end of this week or the beginning of next.
According to https://www.highshortinterest.com/ as of this Tuesday morning, 121.07% of $GME stock is still short, I don't have the words to describe the sheer magnitude of the situation. To quote gardeeon, " TL,DR: Bears are undeniably fucked, You control the power, GME is not going to the moon, but to the edge of the fucking observable universe.?????????? ." https://www.reddit.com/r/wallstreetbets/comments/l0hj69/gme_negative_float_the_most_bullish_misunderstood/
We know the destination (see above ?), but what we don't know is how bumpy the ride will be or how long it will take to get there. I have cash that is about to settle this Wednesday from other trades I have liquidated to take advantage of the $GME situation. I'm looking to buy an April call(s) and add to my stock position. You only loose if you sell too early??, emotional control is critical here. Hold the line and we ride to Valhalla together!
It has been my experience with trading options that you want to give yourself plenty of time to be right, hence my April call position stance. If options are too risky for you just buy and hold the stonk. All of this is said in my humble opinion.
I'm not a financial advisor. I'm a crayon nibbling, paste eating ratard who just happens to enjoy the art of trading and speculating. Do your own research and make well thought out informed trading decisions. All ideas here are food for thought. Active trading involves risk and is not suitable for everybody, please be careful.
I love this community and you all are a bunch of financial badasses. Buckle Up!
I guess... but the concensus is that we're not buying for Lambo profits...
We're doing this to HODL to fuck over the hedgies. GME to the Moon!!!! BRRR
There is still a good chance of My Pillow Giza Dream Sheets profits, but certainly not Lambo status unless you are risking above $10k and got in at the right time. I got 23 shares and I am holding for the moon ????
I do not own any GME.
Today the NYSE said no more short selling GME starting tomorrow.(alleviates ALOT of downward pressure correct?)
Someone has ALOT of options out on a 800$ GME.
Is the fed going to allow GME to pop the market and then do a bailout to hedgefunds?
Sounds almost like free fucking money. But I know nothing and eat crayons.
Good question. It's the fog of war, have to wait and see how it plays out
Can always check and see if they remove the % of short on the break down stat's.
I'm throwing all my Harriet Tubmans at this stock.
KEK! ??
Get this over to wsbets.win!
We need to grow that place for when Reddit eventually bans the sub.
Thank you for that information, I didn't know there was a wsbets.win
Just don't bet money you can't afford to lose; if you think this is anything other than betting, think again!
Your exactly right, its calculated risk. It's like counting cards at black jack to use a gambling analogy. You only bet when the deck is hot, your not going to win every hand but you will when the majority of them if you know what your doing and you play long enough.
This is not a dip. This is a crash. The short squeeze ended when the criminal brokers and their co-conspirators manipulated the market. Only thing left now is:
(1) How much will people lose or win? (2) Will the criminals be prosecuted for their crimes and made to pay restitution to their victims?
That's not accurate, the MOASS hasn't happened yet. Short interest is still over 100%. Compare VW in 2008 to GME now. Similar chart pattern, giant dip then take off. We will have to wait and see what happens.
I've got 3.18 shares with an average cost of $320.73 because I like the stock.
Amen brother, ??