So much for the "short squeeze" in BBBY, huh?
Down 60% in 3 days.
I hope nobody around here got suckered in by the Reddit touts on that one!
Hard lesson for anyone who did: Short squeezes NEVER go "to the Moon!"
NEVER.
They shoot up, and then they crash back down to reality.
Yeah I know. All those people who bought GME and AMC at roughly 5 bucks are really suffering.
It's so bad that GME had to split a single share into 4.....
On a post-split basis, GME closed at $38.37 on 7/21/22, the day before the split.
Current price: $34.95.
Like I said before the split, the split won't matter, in terms of future price.
IF they can get their shit together as a company, MAYBE the stock will have a sustained rally. If not, nope.
a) I don't believe you.
b) If you bought GME at $5, and you had a chance to sell at $400, but rode it back down $80 (pre-split), that ain't something to brag about.
AMC is even worse.
With a few trades to get more. But yes.
If you don't understand what folks are trying to do with GME then do you think you understand what people are trying accomplish on this WIN?
Yes, I know all about the bullshit story the touts invented.
I don't believe it.
Invented stories like Pizzagate, Epstein Island, human trafficking, etc? :/
Do you think they aren't being shorted? Or that the shorts are being covered? Maybe it's a deep state op to keep people holding onto shares of GME in hopes that they can keep their eyes off of the real happenings...
None of that has anything to do with GME.
Of course, there are shorts. But the "massive, super secret hidden mega shorts that will totally, like man, bust the system, man" ... THAT shit does not exist.
Analogies are abstract. They don't have to be subjectively related. It's conceptual.
As far as the shorts go have you done the math or are you going off of gut feeling?
Everything I have read so far looks to me like there is a massive short position. The actions of the exchanges have helped confirm this by playing dumb on the dividend shares. You also had exchanges halting purchases.
5 > 80 is bigly winning.
$DWAC $GME $AMC $TSLA $AMD is what I hold now.
I got my GME and AMC late this year; GME 87, AMC 18. DRS is the way.
Not selling is the point when you want to put the hedge funds out of business. If they sold it $400 it would have completely negated what they were trying to do to start with. Continue to create more scarcity by never selling and continue to buy until they're forced to pay outrageous prices cuz they can't get anything
Right. I understand the concept.
I think it is a bullshit story.
Bruh, if you think stocks are still an accurate reflection of the company's status and potential.
You haven't been paying attention at all. It's one giant casino and the house never loses. That's what it is. Retail are the prey the sharks feed on. Please explain to me how we ever got to a place where Failures To Deliver (FTDs) are okay. How is that helping anyone? Oh, and synthetic shorts? That's been happening since before 2003. And you still believe the price of a stock is representative of the company it's attached to?
BBBY will go to above $80. Just wait. It hasn't truly squozed yet.
It went up over 500%. If that ain't a squeeze, what is?
It is now down over 60% in 3 days.
That's how it works.
I am in amc at $17 pre split Gme $100 first time it hit it and never sold. Selling it 400 would have missed the entire damn point of why I bought both. I think you need to relook at why people are doing this and what the time frames are and what the goals are
Because the Great Awakening is about the TRUTH, not about bullshit stock touts that steal money from unsuspecting Patriots.
I am up bigly. I understand markets. That is truth. AMC and GME long term hold has been good to me.
Right. Shot up, and then crashed and burned immediately thereafter -- to the tune of a 93% drop.
Thanks for proving my point.
That is my ENTIRE point.
Duh.
No, the stock touts are NOT telling anyone to sell.
They didn't say sell at $400. They played the Jim Cramer card and said, "Buy, buy, buy!"
You are the ONLY one on here who I have EVER seen to say sell.
The claim is that it will last long enough to bust the system.
That is bullshit. And THAT is what I have been calling out.
Yes, we agree.
I will tell you one thing that will NOT happen. A $4 billion stock (way overpriced, at that) will not bust a $100 trillion system, which can print more anytime it wants.
WILL. NOT. HAPPEN.
You want to bust the system? I'm onboard.
But GME or AMC or BBBY or any other stock play will never do it.
it went up 6x in two weeks
Right. And gave it all back in 3 days.
Timing the markets is nearly impossible for the retail investor... but, there is a ton to be made on the pump and dumps if you aren't too greedy. I really lucked out with bbby and sold at $27.26 with my 300 shares averaging $11.14. Very glad I didn't jump back in.
If you can catch the tiger by the tail, and let go at just the right time, it can be fun, for sure.
But MOST people don't do that, because the touts don't tell you when to sell.
I've never seen anyone more concerned with how I invest my money than u/MAG768720. Just how short is your boss with GME?
In my opinion GME is the only play. I see red flags with AMC but ENJOY the SHOW keeps me following it and BBBY was a short term distraction. Saying that when GME squeezes I think a whole bunch of stocks will launch with it.
LOL.
So far ...
I said at $400 that it would crash back down. I was right.
I said pre-split that the split would not matter, in terms of future price. I was right.
Maybe you guys will be proven right in the long run, but I doubt it because the Reddit touts are pushing a bullshit story.
They also push AMC and BBBY. Today, BBBY is down 40% in one day.
Just pointing out the obvious to those who are don't understand that the story is not real.
P.S.
I REALLY don't give a shit about what YOU do. Since you are touting this bullshit, if you lose money, I would smile.
But I point all this out for others on GAW who are reading about the "GME story" and it's offshoots (including BBBY), don't really understand the markets, and are falling for the bullshit artists who are touting this story.
WSB is the only place I've seen push BBBY. At this point, that is just a gambling sub. SuperStonk and GME are the best for information about GameStop.
I'm willing to wait as long as it takes. Right now approx 55% of the free float is DRS'd with official numbers coming out in about a month. GME isn't a get rich quick scheme, it's a movement. Be a part of it or don't. The world will be a better place when everything comes together.
We agree on that.
The stock market is a scam, and completely controlled by illegal action. There has been no short squeeze ever in the history of the stock market except those that benefit The Trust.
That doesn't mean that legally there shouldn't have been a short squeeze. It only shows how micromanaged the entire system is by the PTB.
The only way to "fix" the stock market is to enforce the law. That can't happen, even theoretically, until after the midterms, but who knows if it will ever happen.
Because really, the only way to fix the stock market is to create a completely different one.
As for a short squeeze "never" going to the moon...
Al contraire. See England, 1810 (12?) when Rothschild short squeezed England from England.
See 1907 when they short squeezed copper from the masses, and forced congress to create The Fed.
See 1929 when the banks bought up most of the stocks for nothing. A short squeeze from which they ended up with all the Gold in America, and all the stocks in the market.
...
1987
2001
2008
To name but a couple more.
I do not agree the stock market is a scam. In principle, it is no different than a housing market, a car market, or any other market. It is an opportunity to buy and sell ownership in businesses.
But it definitely is controlled by people who are corrupt and who do scam as a daily activity.
I agree that Rule of Law is the primary problem we face (lack of it), including the SEC.
As far as those older "short squeezes," using the force of government to bankrupt systems is a far cry from buying a $30 stock and hoping that others will do the same and bust the system.
P.S. I have read your posts promoting your work about "The System." I have not had a chance to dive into it (heavy subjects take me some time to be ready for the journey). But I just wanted to say I do appreciate the effort you must have put into it. Will read when time allows.
It is a scam, because it was designed to be a scam. It has been a scam since the very first day of the creation of a stock market (1601). It has been the same stock market, controlled by the same people, for centuries.
The housing market, the car market, and all other markets are also the same scam, created and run by the same people, for all of the time that such markets have existed. In fact, housing market manipulation was (at least according to historical accounts) the reason (or a major contributor) for the fall of the Western Roman Empire (or really it's transition to a religious entity from a governmental one). That housing market scam was run by the same people who run all the markets today (and always have).
Seriously, read my report. I realize it's a lot (and what I have up there is only 1/3rd or so of what it will be), but it's easy to break up into chunks because of how I have it laid out with the sidebar navigation and subsections, and I've been told it's a fairly easy read (as intended).
It really will explain so much. I don't get into the earlier stuff (pre 1850 or so), just to keep it tidy, but I can help guide you to earlier resources if, after reading it, you would like me to justify my statements of earlier connections.
Ride the wave, don't foolishly expect it to last indefinitely. That's basic isn't it?
The bullshit artists on Reddit don't say that.
And that is my point.
If you wanna play, by all means play.
But a lot of people are mislead into thinking it is a sure thing to buy up some GME and get rich because GME will bust the system.
It's a bullshit story.
No offense meant, but your intended point seems to be changing a lot.
I think the Reddit touts pushing the story that GME has "secret" shorts on a massive scale is a LIE.
I think that GME did short squeeze last year, when there WERE naked shorts in.
I think that time has passed.
I think GME, the company, is a loser, and is pushing a pump and dump story.
I think touts on GME are piggybacking that story and adding some sizzle to "break the system."
I think it is a LIE.
I think people will get burned if they play with fire.
Trying to point out where the matches are.
I also think this recent rally is likely a bull rally in a larger bear market, but willing to see where it goes. Today was not a good day for the market, but doesn't get me bearish (yet). Past month has been great for the market, but ... let's see what tomorrow brings.
My focus with GME is that (a) I do not own or short it, and never have, but (b) thought the story was interesting ... LAST YEAR ... when there WERE naked shorts that could get caught in the trap, but (c) that story already played out, and now the play is on those who think GME will bust the system.
If you guys end up winning, good for you. I don't see the point, since I don't believe the story, and will buy or short elsewhere.
I posted about BBBY today because it shows what happens in a stock squeeze -- goes up, and then right back down.
If you think GME will be the exception to the rule, and ... some day ... squeeze to the Moon, then ... good luck.
I think getting involved in local politics and enforcing constitutional government (including ending the Federal Reserve), is a better use of resources, and buying a pump and dump stock is not.
But, to each their own.
My Pillow kept them afloat until they went culture-kill and banned a great product! Serves them right! Down she goes...
OP cares what you do with your money. Thank him for caring so much.
You guys wanna see a REAL short squeeze?
Maybe the biggest in stock market history.
Check out HKD.
From $18 to $2,555 in a matter of 8 days.
Then ... it crashed and burned.
Like always.
If you bought at $18 and sold at $2,500, you got a once-in-a-lifetime gift.
But I didn't, and neither did you.
THAT is a REAL short squeeze.
The one on GME back in JAN 2021 was, too. But guess what?
It didn't last, either. (Like I predicted at the time.)
HKD wasn't a squeeze. It was a brand new IPO with no shorts or options chain. That was market manipulation aka CRIME.