Anybody following the Gamestop short squeeze story $20 a share to $340 in two weeks

[JackStraw77]

I don't understand all the complexities but apparently some large hedge funds tried short Gamestop and retail investors have sent the price up causing a massive short squeeze. The price went from about $20 a share on January 12 to the close today on January 27 at $340. Absolutely insane. The previous all time high prior to January 12 was around $62 back in 2007.

https://finance.yahoo.com/news/game...e-poor-vs-rich-reddit-wsb-user-204822769.html

 

[Defying]

I think this is the craziest, most interesting, debatable thing to happen in finance in my lifetime. I am fascinated. I finally jumped on the train today after talking shit about it for a week. I never thought it would get this big... I made 4k from noon to close on a 13k investment. I plan to hold tomorrow and reevaluate on friday.

The bottom has to fall out, but theres way too much momentum to stop this right now UNLESS there's sudden regulation by brokers/government. which has started to pop up.

 

[Knightrofins]

I'm thinking I get rid of my gamestop giftcards in the next few days

 

[NorthernStar]

I loved it. It was wall street versus main street. Main street won this one.

 

[halekulani]

to me there is nothing to debate
it is clear as day the hedge funds overleveraged themselves in shorting this stock and got caught.
we don't need more regulations.
let. them. fail.

the world can survive without dumb hedge funds.

 

[CHOPTALK]

How much short interest is left ?

 

[CHOPTALK]

Looks like they closed the Reddit users account and it’s crashing after hrs

 

[festeringZit]

I tried to short it at 220 this morning and my Ameritrade account wouldn't let me. Soon after they put up a popup when you login that said they won't allow their accounts to short either GameStop or AMC. At first I was pissed, but when it shot up to 360 or so, I was glad... lol

Utter insanity. Just a matter of time before the bubble bursts.

 

[festeringZit]

Looks like they closed the Reddit users account and it’s crashing after hrs

I see it at 290ish currently

 

[CHOPTALK]

Down to 241
no question this thing will be in single digits in less then a week.
Only question is what will it pop to before that

 

[exploited17]

 

[KennyB]

They shut the guy down on Reddit? Why?

 

[exploited17]

They shut the guy down on Reddit? Why?

Only elites like Soros are allowed to profit

 

[bullets]

I have followed Tom Barton for a few years on Twitter and have been a depressed Ziop share holder for 4 1/2 years with 7k shares at a cost around $3.80. I'm hoping Ziop will be the next great short. Lots a great things finally starting to happen with the company. You can follow Tom and read up on it if you like.

I remember when he recommended Game Stop last summer and it went right over my head.

ThomasUBarton @ThomasUBarton1·<time datetime="2021-01-27T16:11:45.000Z">8h</time>

I called short squeeze on $gme. I’m telling you with 34 million shares short in $ziop by hedge funds that have completely missed $ziop turnaround because of a new board, it will be a classic short seller smashing. Plus, we still believe it has best solid tumor platform by far.

 

[PatsFan1283]

Eventually these kids are gonna get left holding the bag.

Always easier to get rubes to go along with your schemes when you give them a moral cause like "fighting back against the man", lol GL w/ that

 

[SmallDaddy]

who is actually behind this?

I dont see how just a rag tag bunch of posters can move the market cap by BILLIONS????

Interesting....

 

[SmallDaddy]

Eventually these kids are gonna get left holding the bag.

Always easier to get rubes to go along with your schemes when you give them a moral cause like "fighting back against the man", lol GL w/ that

That wouldnt shock me.

With CRE being on the edge, there might be a serious market correction coming any day now.

And that point the "forces" will be too much for them. You dont wanna piss into a hurricane. LOL

 

[SmallDaddy]

But what they dont have is unlimited ammunition and I assume they cant do 25 to 1 leverage either.

I hope they enjoy winning the battle, but they aint gonna win the war

 

[In2Win]

reddit sub wasnt shut down, they went private for a little due to the mass traffic and bots using the traffic as leverage to pump other shorts/stocks and whatever the hell esle they were doing. That sub was insane. They did shut down the discord though due to language

 

[Shub]

All fun until the rabbit has the gun. Double standard