Because Gamestop was in a position where if they didn't pivot, they would fail. All the hedge funds and big name investors didn't see how Gamestop could continue to exist in a digital world, so they used options to "short" GME, which means the lower GME goes, the more money they make. What they did though, was short over 100% of the stocks...that's illegal because that means they were forcing gamestop to go bankrupt, which would make HFs millions. This was picked up on by smart retail investors who spread the word. We all bought and continue to hold GME to make the price go up, which means HFs lose money.
Options have time limits, so the HFs keep re-shorting in hopes we sell. But we aren't selling...so they keep re-ahorting... this is just costing them more and more money. They are getting money from people like Warren Buffet to cover for them. But we still aren't selling. These people are fucked.
Amazing. I hear the others unrelated to gme, like amc and crap, are just distractions. I want to start investing in something but am worried I might just be inadvertently h elping them.
You won't be helping them by buying. If you're new to investing, please don't get involved in the meme stocks unless you are willing to lose it. When the cork pops on the meme stocks, you need to be paying attention because the price movement will happen fast! So unless you are willing to deal with that, don't invest in those. If you have 200$ you don't mind potentially losing, buy GME. Buying those stocks only helps the cause.
I want to help out but I'm kind of struggling, myself. Also worried about inflation. It's why I was looking into btc or even dogecoin but, yeah. Don't want to fk up.
When the cork pops on the meme stocks, you need to be paying attention because the price movement will happen fast!
Please excuse my utter retardedness, but I've invested $1000 now in 5 shares of GME, and although I'm willing to theoretically lose it all for just a chance of sticking it to the System, honestly I'd rather make an extremely healthy profit in the process.
However, my retardedness leaves me unsure of when I'm supposed to sell. When does the "cork pop"? I don't mean time, I mean price. Would it be less retarded of me to set a limit sell at a certain threshold, and if so, what? What is the signal to sell? What is the "cork pop"?
Yep. Can't see a downside to silver, so I don't expect to actually lose anything.
GME stock is a complete crapshoot and I'm prepared to lose the money for the greater cause. And, the possibility is greater than zero that I could make life-changing money and help some people.
The silver is the backup, and I don't see a way to lose money.
Of course, this is not financial advice. Except, take physical delivery of silver. I like APMEX.
No buying GME is the smartest decision you can do right now. It also got a negativ beta of -23 so if a market crash happen it will do the opposite meaning it will go up.
Its basically a hedge against massive volatility
Also by buying GME you are fucking the crocks at wallstreet who has been stealing from the American people for decades
This ??...sure, everyone invested in GME wants to go to the moon, but the movement is more about watching the hedge fund billionaires who make a shit load of money ruining people’s lives squirm, bitch and cry while they get beat at their own game.
Im not a financial advisor and can't offer financial advice but if it were my money I would only invest in GME. You are correct in my opinion for assuming that AMC is a distraction.
What I don't understand is why gme of all things?
Because Gamestop was in a position where if they didn't pivot, they would fail. All the hedge funds and big name investors didn't see how Gamestop could continue to exist in a digital world, so they used options to "short" GME, which means the lower GME goes, the more money they make. What they did though, was short over 100% of the stocks...that's illegal because that means they were forcing gamestop to go bankrupt, which would make HFs millions. This was picked up on by smart retail investors who spread the word. We all bought and continue to hold GME to make the price go up, which means HFs lose money.
Options have time limits, so the HFs keep re-shorting in hopes we sell. But we aren't selling...so they keep re-ahorting... this is just costing them more and more money. They are getting money from people like Warren Buffet to cover for them. But we still aren't selling. These people are fucked.
Amazing. I hear the others unrelated to gme, like amc and crap, are just distractions. I want to start investing in something but am worried I might just be inadvertently h elping them.
You won't be helping them by buying. If you're new to investing, please don't get involved in the meme stocks unless you are willing to lose it. When the cork pops on the meme stocks, you need to be paying attention because the price movement will happen fast! So unless you are willing to deal with that, don't invest in those. If you have 200$ you don't mind potentially losing, buy GME. Buying those stocks only helps the cause.
I want to help out but I'm kind of struggling, myself. Also worried about inflation. It's why I was looking into btc or even dogecoin but, yeah. Don't want to fk up.
Please excuse my utter retardedness, but I've invested $1000 now in 5 shares of GME, and although I'm willing to theoretically lose it all for just a chance of sticking it to the System, honestly I'd rather make an extremely healthy profit in the process.
However, my retardedness leaves me unsure of when I'm supposed to sell. When does the "cork pop"? I don't mean time, I mean price. Would it be less retarded of me to set a limit sell at a certain threshold, and if so, what? What is the signal to sell? What is the "cork pop"?
Silver.
Yep. Can't see a downside to silver, so I don't expect to actually lose anything.
GME stock is a complete crapshoot and I'm prepared to lose the money for the greater cause. And, the possibility is greater than zero that I could make life-changing money and help some people.
The silver is the backup, and I don't see a way to lose money.
Of course, this is not financial advice. Except, take physical delivery of silver. I like APMEX.
Silver...wtf, that was a ruse to get people off the gme train.
No buying GME is the smartest decision you can do right now. It also got a negativ beta of -23 so if a market crash happen it will do the opposite meaning it will go up.
Its basically a hedge against massive volatility
Also by buying GME you are fucking the crocks at wallstreet who has been stealing from the American people for decades
This ??...sure, everyone invested in GME wants to go to the moon, but the movement is more about watching the hedge fund billionaires who make a shit load of money ruining people’s lives squirm, bitch and cry while they get beat at their own game.
It's not about making money. It's about sending a message. A message filled with cute little green frogs.
Good explanation. Naked shorting - absolutely criminal. They should all go to jail.
Nice write-up!
yeah, that's what they said, it'll be good if retail covered at least 10%, you need thank white hat's infinite money
GAME [STOP] game over....plus the hedge funds decided to get greedy and short it 170%
Interesting. Wish I knew more. Always too afraid of accidentally doing the wrong thing so I never really bothered.
Im not a financial advisor and can't offer financial advice but if it were my money I would only invest in GME. You are correct in my opinion for assuming that AMC is a distraction.
Think I'll do it when I get the money. FOR THE CAUSE.
Most likely much more than 170% at this point.