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"?
Look at this graph from the 2008 VW short squeeze. GME will be much higher, bit also, I suspect, much shorter in duration. That means the signal will be very short and you must be ready to sell when the price jumps. It could last longer than I think, but in my experience, it will be even shorter than 2008. You just need to pay attention.
The "cork pop" is when the Hedge Funds have no choice but to cover their options. That is when they have no choice but to pay up because they not only ran out of their own money, but they also ran out of everyone else's money who is bailing them out.when that happens, all of us (GME holders) will make bank.
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"?
Look at this graph from the 2008 VW short squeeze. GME will be much higher, bit also, I suspect, much shorter in duration. That means the signal will be very short and you must be ready to sell when the price jumps. It could last longer than I think, but in my experience, it will be even shorter than 2008. You just need to pay attention.
The "cork pop" is when the Hedge Funds have no choice but to cover their options. That is when they have no choice but to pay up because they not only ran out of their own money, but they also ran out of everyone else's money who is bailing them out.when that happens, all of us (GME holders) will make bank.