Gamestop nearly doubled this morning. $GME
(media.greatawakening.win)
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https://finance.yahoo.com/news/gamestop-shorts-dealt-1-4-153022795.html
(Bloomberg) — Skeptics betting against video-game retailer GameStop Corp. are facing a more than $1 billion loss after the company’s share price roughly tripled this month.
Shares of the meme-stock soared as much as 119% in a raucous open Monday amid a flurry of trading activity that triggered at least eight halts for volatility in the opening hour. With the stock up some 185% in May, mark-to-market losses for short-sellers has ballooned to $1.4 billion, according to S3 Partners data.
This is how you take down one of the big financial arm of the cabal known as wall street.
Andrew Tate talking about it now:
https://rumble.com/v4uvhh0-emergency-meeting-episode-51-i-like-the-stock.html?start=7338
Peter R Hann
@PeterRHann1
So as the first hour of AH trading in #AMC finishes, I want to point out two things:
AMC is up 18% in trading at $6.17, not down as some Denethor's predicted.
Adam Aron did not say a single word today to disrupt the rally.
Ok, three things, despite #AMC being up as much as 93% today, I do not believe there was a single halt.
On the third point, I can speculate that #GME had what 8 halts? And #AMC had none because the option chain in GME was perhaps more dangerous. I do find it surprising #GME price action slowed down in the afternoon whereas #AMC speed up. There has to be swap connections with these stocks, leaving out KOSS which seems to have a highly mutable correlation with #GME, but when its positive, its very positive.
Anyway. I am reluctant to say this time its different to all the Denethors, but there is a lot going on..BIll Hwang, CAT's, T+1..yeah, Roaring Kitty didn't cause this, but he likely waited to announce his return at the perfect time.
https://twitter.com/PeterRHann1/status/1790125378108809416
Interesting, this account has a 5/17 date as the banner:
https://old.reddit.com/r/beyond_uranus/comments/1cqvies/remember_those_music_vids_that_infinitetruth/
Which frankly surprises me. I would bet the farm that GME was going to follow BlockBuster Video, record stores, and other companies to the "Killed by Tech" graveyard.
I would have lost the farm.
GME has 1.2 billion in cash and no debt, and just completed a full year of profitability.
And hedgies get rekt.
Up to 34 now afterhours.
36 now. WTF?
Which in wall street terms means the stock should be 0.
Remember: in the last 15+ years, profitability is not the point. "social media" is. Also, the cabal funds the places it wants so the 'market' is distorted and basically irrelevant.
Amazon retail never turned a profit (it's subsidized by AWS) and yet...
Shareholders love the company and shop their.
And their are a shitload of them.
There, for the love of God.
Some people are on mobile and don't correct the false autocorrected words. Deal with it.
That's what they were trying to do to it in 2020, it's called "cellar boxing".