I am not on the GME bandwagon. I think it has nothing to do with Q. But ... Liquidity plays a factor in the market, especially when you are talking about margin accounts, heavily leveraged, loaning of shares, and market makers needing to maintain delta neutral positions while maniacs buy up stock and calls that they should never be buying. LMAO . Its just getting funny at this point, GME keeps bringing the financial system maintained by these market makers to the brink of destruction. And as it all happens anyone holding shorts on GME needs to have a giant pile of cash to back up their short position and try to outlast the squeeze, or be forced to take huge losses. If they are cutoff from some avenues (ie lending from the fed) I imagine this would possibly start to see wealth destruction for some of the market makers and hedge funds.
$91 close, the after hours are crazier. $150 right now but went as high as $190
But the Dow, Nasdaq and S&P are also up. Not like GME, but if 'shit were going down' I would expect stocks in general to fall, not rise.
I am not on the GME bandwagon. I think it has nothing to do with Q. But ... Liquidity plays a factor in the market, especially when you are talking about margin accounts, heavily leveraged, loaning of shares, and market makers needing to maintain delta neutral positions while maniacs buy up stock and calls that they should never be buying. LMAO . Its just getting funny at this point, GME keeps bringing the financial system maintained by these market makers to the brink of destruction. And as it all happens anyone holding shorts on GME needs to have a giant pile of cash to back up their short position and try to outlast the squeeze, or be forced to take huge losses. If they are cutoff from some avenues (ie lending from the fed) I imagine this would possibly start to see wealth destruction for some of the market makers and hedge funds.
The fed is suppressing moon shots?
I've managed to get 24 more shares at $49.80 and then the stock virtually exploded under my hands..