Do not sell unless the price looks like a phone number. Follow superstonk, do not have paper hands, but rather hold, hold, hold. Hedge funds have to cover shorts and it’s going to go sky high.
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
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.
I think that GME will go up further today and there will be halts to control the rise and for the insiders to position themselves.
Where should I go to know when to sell when it happens? Or will y'all make posts here?
Do not sell unless the price looks like a phone number. Follow superstonk, do not have paper hands, but rather hold, hold, hold. Hedge funds have to cover shorts and it’s going to go sky high.
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
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.