I don't really know much about stocks so just wanna make sure I understand, are you saying anyone who holds GME stock should continue to hold until 1 stock of GME is worth multiple hundreds of thousands of dollars?
Like I said I have no idea about how stocks work, all I know is some greedy finance guys shorted GME years ago and the expectation is once they're forced to revert the shorts and pay up, the price will skyrocket
But GME peak over the last 5 years is ~$60, can we really expect it to go to $1,000+, let alone $100,000+?
I own GME but I had always thought if it made it to $500 I would instantly cash out, I just don't see how it can go beyond a few thousand at the absolute peak, I'm probably misunderstanding something though, so I apologize in advance.
Edit: just found the SuperStonks reddit page, and now i'm really confused... people are saying GME went to $150+, which I do remember now that it's mentioned, but on the GME stock page for the last 5 years, peak value shows at ~$60, I am so confused now haha
I’m not the expert either, what will help is to try reading the superstonk page daily and also look for you tube for GameStop videos. There’s also a library for GameStop that will help you understand some of the stuff going on. It’s important to directly register your stock, called DRS. Here’s the library link: https://fliphtml5.com/bookcase/kosyg
As someone who bought in during the sneeze, intraday trading topped about 480, but premarket the day the buy button was removed was over 580. The post split numbers are 120 and 145 respectively.
To answer poorly your question as to how we get to phone numbers, going purely on volume, the stonk is shorted about 10x since the sneeze, so a squeeze WILL happen. And I'm specifically saying sneeze and not squeeze, because the numbers from the congressional report show that institutions were only 3% of the buy orders during the sneeze of Jan '21.
If you want more, here's the DD library. The works of ATObit, Peruvian_Bull, Criand, and most importantly, the late, great BluPrince, are where you should start.
Do you really think its likely brokerages would force sell your shares? My understanding is technically they could but my gut tells me the good guys are behind moass and I find it hard to believe they would allow that kind of shit to transpire. I am holding across multiple brokerages as well and some for the pool of course
I do and I don't. On one hand, I understand the precipice has to occur, which means pissing off a lot of people and showing how corrupt hedge funds, the SEC and brokerages are. But also I understand that WHs are behind this and want to bankrupt hedge funds and everything having to do with Wall St.
The chairman himself said to DRS our shares. But I expect fuckery in some way by brokerages because they answer to their overlords. Or possibly government interfering and settling on a price per share to "prevent economic collapse" ? I really don't know what's going to happen I guess.
But it's no coincidence Game Stop is a WH operation. The timing is too perfect.
I don't really know much about stocks so just wanna make sure I understand, are you saying anyone who holds GME stock should continue to hold until 1 stock of GME is worth multiple hundreds of thousands of dollars?
Like I said I have no idea about how stocks work, all I know is some greedy finance guys shorted GME years ago and the expectation is once they're forced to revert the shorts and pay up, the price will skyrocket
But GME peak over the last 5 years is ~$60, can we really expect it to go to $1,000+, let alone $100,000+?
I own GME but I had always thought if it made it to $500 I would instantly cash out, I just don't see how it can go beyond a few thousand at the absolute peak, I'm probably misunderstanding something though, so I apologize in advance.
Edit: just found the SuperStonks reddit page, and now i'm really confused... people are saying GME went to $150+, which I do remember now that it's mentioned, but on the GME stock page for the last 5 years, peak value shows at ~$60, I am so confused now haha
It was up in the $340s maybe higher if others recall. Did a 4-for-1 stock split last Summer so that always messes up the charts I believe.
I’m not the expert either, what will help is to try reading the superstonk page daily and also look for you tube for GameStop videos. There’s also a library for GameStop that will help you understand some of the stuff going on. It’s important to directly register your stock, called DRS. Here’s the library link: https://fliphtml5.com/bookcase/kosyg
As someone who bought in during the sneeze, intraday trading topped about 480, but premarket the day the buy button was removed was over 580. The post split numbers are 120 and 145 respectively.
To answer poorly your question as to how we get to phone numbers, going purely on volume, the stonk is shorted about 10x since the sneeze, so a squeeze WILL happen. And I'm specifically saying sneeze and not squeeze, because the numbers from the congressional report show that institutions were only 3% of the buy orders during the sneeze of Jan '21.
If you want more, here's the DD library. The works of ATObit, Peruvian_Bull, Criand, and most importantly, the late, great BluPrince, are where you should start.
Oh and, GOOGOL. PER. SHARE.
The reason it didn't continue going up is because Robinhood shut off the buy button. That gave them time stop the squeeze.
Everyone left Robinhood and are buying directly from computershare or other larger brokerages and DRSing those to computershare.
Also holding a few in the brokerages just for fun, so when they force sell my shares early during MOASs I can sue them.
Do you really think its likely brokerages would force sell your shares? My understanding is technically they could but my gut tells me the good guys are behind moass and I find it hard to believe they would allow that kind of shit to transpire. I am holding across multiple brokerages as well and some for the pool of course
I do and I don't. On one hand, I understand the precipice has to occur, which means pissing off a lot of people and showing how corrupt hedge funds, the SEC and brokerages are. But also I understand that WHs are behind this and want to bankrupt hedge funds and everything having to do with Wall St.
The chairman himself said to DRS our shares. But I expect fuckery in some way by brokerages because they answer to their overlords. Or possibly government interfering and settling on a price per share to "prevent economic collapse" ? I really don't know what's going to happen I guess.
But it's no coincidence Game Stop is a WH operation. The timing is too perfect.
I bought some at 483$. or 121 now.