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GME Squeeze Pt. 2?

By joshuatrio follow joshuatrio   2021 Feb 24, 12:54pm 704 views   50 comments   watch   nsfw   quote   share    


Is it happening.... AGAIN?

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11   Patrick   ignore (1)   2021 Feb 24, 5:56pm     ↓ dislike (0)   quote   flag      

I forgot I still have 3 shares of GME. It was just entertainment.

But now maybe it can be profitable entertainment as well!

Either way, I regret nothing.
12   joshuatrio   ignore (0)   2021 Feb 24, 6:05pm     ↓ dislike (0)   quote   flag      

Patrick says
I forgot I still have 3 shares of GME. It was just entertainment.

But now maybe it can be profitable entertainment as well!

Either way, I regret nothing.


Same here. It's just funny as hell. Me and my coworkers all bought around 200/share. No one gives a shit if we lose it. But if it. Helps bankrupt a hedge, it was worth it.
13   zzyzzx   ignore (2)   2021 Feb 25, 4:46am     ↓ dislike (0)   quote   flag      

$146.83/sh +55.12 (+60.10%) DATA AS OF FEB 25, 2021 7:46 AM ET - PRE-MARKET
14   clambo   ignore (5)   2021 Feb 25, 6:12am     ↓ dislike (0)   quote   flag      

I regret not having the balls and sufficient autism to use my margin to buy 5,000-10,000 shares of GME.

I remember my grandmother said “In for a penny, in for a pound.”

I’m just too cautious to have any real high adrenaline rush buys.

When my WFC shares hit $54 (someday), I will use the dough for stock gambling or invest in something off the wall (e.g. Modelo beer store in Baja, etc.)

Fuck the establishment and Wall Street “experts” and hedge funds.
15   joshuatrio   ignore (0)   2021 Feb 25, 6:27am     ↓ dislike (0)   quote   flag      

damn ... 174
16   zzyzzx   ignore (2)   2021 Feb 25, 6:50am     ↓ dislike (0)   quote   flag      

$112.98/sh +21.27 (+23.19%) DATA AS OF FEB 25, 2021 9:49 AM ET
17   Buck_Fiden   ignore (0)   2021 Feb 25, 8:43am     ↓ dislike (0)   quote   flag      

Did they stop it?
18   EBGuy   ignore (1)   2021 Feb 25, 2:54pm     ↓ dislike (0)   quote   flag      

clambo says
I regret not having the balls and sufficient autism to use my margin to buy 5,000-10,000 shares of GME.

Please don't. This stock will end up in single digits.
19   mell   ignore (6)   2021 Feb 25, 4:37pm     ↓ dislike (0)   quote   flag      

EBGuy says
clambo says
I regret not having the balls and sufficient autism to use my margin to buy 5,000-10,000 shares of GME.

Please don't. This stock will end up in single digits.


Agreed
20   EBGuy   ignore (1)   2021 Feb 25, 5:38pm     ↓ dislike (0)   quote   flag      

Picking up some more shorts with the price rise...
21   Onvacation   ignore (6)   2021 Feb 25, 9:12pm     ↓ dislike (0)   quote   flag      

EBGuy says
Please don't. This stock will end up in single digits.

I worked at a company where, shortly before we lost our jobs, our stock went down to literally one cent per share. A colleague bought a thousand shares.

He lost it all!
22   joshuatrio   ignore (0)   2021 Feb 26, 8:01am     ↓ dislike (0)   quote   flag      

It's hanging around $120 today. Wondering if it'll go parabolic.

Ultimately, it will tank, but when is the question.
23   clambo   ignore (5)   2021 Feb 26, 8:26am     ↓ dislike (0)   quote   flag      

I’m going to try to hodl GME until $500 or so.
I’m hoping that a lot of guys buy it to “get rich quick” , “fuck the hedge funds”, and that the hedge funds themselves are squeezed and are stuck between a rock and a hard place.
I’m able to wait it out.
I think it’s going to eventually go below $100 and be above $10 or so.
But Tesla is worth a fortune and I still don’t see them making much $ in a crummy business (cars)
If I were smart and had any balls I would buy some extra AAPL ($123) with my margin and sell it when it’s back at $170.
But I’m a chickenshit mostly.
26   clambo   ignore (5)   2021 Mar 9, 5:22am     ↓ dislike (0)   quote   flag      

Before GME was 50-70 bucks I texted my brother “buy GME, now , today.”
He procrastinated. He never bought any.
He had $50,000 sitting in the bank, rotting.
Now he’s checking the price constantly and telling me “tell me the next time you get a good idea!”
He’s got chickenshit remorse big time.
What amazes me is I have no idea where I heard about WSBets and GME but I’m glad I did.
It wasn’t TV, I don’t watch the talking heads.
27   RC2006   ignore (2)   2021 Mar 9, 6:16am     ↓ dislike (0)   quote   flag      

clambo says
Before GME was 50-70 bucks I texted my brother “buy GME, now , today.”
He procrastinated. He never bought any.
He had $50,000 sitting in the bank, rotting.
Now he’s checking the price constantly and telling me “tell me the next time you get a good idea!”
He’s got chickenshit remorse big time.
What amazes me is I have no idea where I heard about WSBets and GME but I’m glad I did.
It wasn’t TV, I don’t watch the talking heads.


It's more gambling than investing. Yes he would have made a killing but hindsight is 20/20. There are a ton of bag holders at 300-400.
28   clambo   ignore (5)   2021 Mar 9, 7:59am     ↓ dislike (0)   quote   flag      

I recognize it’s gambling but his basis was going to be 50-70 bucks.
Mine is 108.

When I saw Leon Cooperman crying I realized that they had something to their theory about shorts being caught with their pants down.
29   joshuatrio   ignore (0)   2021 Mar 9, 1:03pm     ↓ dislike (0)   quote   flag      

Lol, I'm actually up by a few bucks on this thing. Hilarious.

30   clambo   ignore (5)   2021 Mar 9, 1:54pm     ↓ dislike (0)   quote   flag      

I think I've found a new hobby.
31   EBGuy   ignore (1)   2021 Mar 9, 2:47pm     ↓ dislike (0)   quote   flag      

BayArea says
I have a sell order in for $1000/share. We'll see if it happens.

Be forewarned, I'm going to put one in for $999/share.
32   Patrick   ignore (1)   2021 Mar 9, 7:59pm     ↓ dislike (0)   quote   flag      

I'm enjoying watching this latest surge as well. It's good entertainment if nothing else.
33   zzyzzx   ignore (2)   2021 Mar 10, 6:19am     ↓ dislike (0)   quote   flag      

$267.13/sh +20.23 (8.19%) Pre-Market: 9:17AM EST
34   clambo   ignore (5)   2021 Mar 10, 6:23am     ↓ dislike (0)   quote   flag      

I’m not selling until it’s 500 bucks, maybe a grand ;)

I will ride it down to hell if it goes down, so what.

“In for a penny, in for a pound.”
35   joshuatrio   ignore (0)   2021 Mar 10, 6:36am     ↓ dislike (0)   quote   flag      

@Patrick - you bought in around $300/350?

Looks like the train is coming back for ya. lol
36   Patrick   ignore (1)   2021 Mar 10, 9:02am     ↓ dislike (0)   quote   flag      

Yup! Lol, I got out with a tiny profit.

I think it may well go higher, but I'm happy to have had the fun and not lost anything.
37   RC2006   ignore (2)   2021 Mar 10, 9:33am     ↓ dislike (0)   quote   flag      

tanking is money moving to rblx lol
38   clambo   ignore (5)   2021 Mar 10, 10:49am     ↓ dislike (0)   quote   flag      

I just got 5 more using my margin.

"You know I'm going to lose
and gambling's for fools
but that's the way I like it baby
I don't wanna live forever. "
Motorhead
39   RC2006   ignore (2)   2021 Mar 10, 11:07am     ↓ dislike (0)   quote   flag      

rblx started 20 higher than expected, this market is crazy.
40   clambo   ignore (5)   2021 Mar 10, 11:18am     ↓ dislike (0)   quote   flag      

is rblx good?

I'm asking for a friend.
41   RC2006   ignore (2)   2021 Mar 10, 11:34am     ↓ dislike (0)   quote   flag      

My kids use to play it and my kids friends with none gaming pcs play it and I've seen enough little kids begging parents to buy robux in checkout line. This is Minecraft 2.0 not to be confused with analogies that some posters make about gold 2.0 ;)
42   joshuatrio   ignore (0)   2021 Mar 10, 12:47pm     ↓ dislike (0)   quote   flag      

I know nothing about rblx, other than it's being pumped on the stock forums right now. I'm sticking with GME for the hell of it.

GME was somewhere around $330 today, before being knocked down to $200. It bounced right back up and is climbing again. Unreal.

If I had balls, I'd put a couple hundred k on this.
43   zzyzzx   ignore (2)   2021 Mar 12, 7:00am     ↓ dislike (0)   quote   flag      

$278.25/sh +18.25 (+7.02%) As of 9:59AM EST. Market open.
44   clambo   ignore (5)   2021 Mar 12, 7:36am     ↓ dislike (0)   quote   flag      

Funny, my brother is always asking me for “stock tips” since I told him about ROKU at the IPO.

So I mentioned RBLX and he bought a couple grand worth of it that day.

I only said it might be interesting but his son has students who use it for games so he went for it.

I’m going to have to find other things to try after I sell my GME shares.
45   Patrick   ignore (1)   2021 Mar 12, 6:18pm     ↓ dislike (0)   quote   flag      

joshuatrio says
If I had balls, I'd put a couple hundred k on this.



I wouldn't do that. You could easily end up without those balls.

That is, unless you know something, or have some special insight.
46   Rin   ignore (8)   2021 Mar 15, 3:46pm     ↓ dislike (0)   quote   flag      

This looks like a classic straddle trade setup, using options.

In other words, there's both price action and volatility so one can buy both a put & call option with reasonable pricing and thus, if it continues its ride up, you make money and if it crashes, you do the same.

Here, it's unlikely that the price will settle in the middle where you lose money paying for the options.
47   Patrick   ignore (1)   2021 Mar 15, 3:53pm     ↓ dislike (0)   quote   flag      

Makes sense. But if other people are doing this, maybe the price of those options has been bid up to the point where it's unlikely to be profitable now.

Or maybe there is still profit to be had.
48   clambo   ignore (5)   2021 Mar 15, 4:01pm     ↓ dislike (0)   quote   flag      

I had a visit with my childhood friend.
We spent our summers spear fishing, sailing, and scuba diving along with the other misadventures of youth.
He’s got a good job he can do from anywhere using web access.
Owns a house in New England for summers and just got one in Florida.
But, he’s paying $4,000/month rent in Boston and who knows what in Massachusetts income tax.
Why? His wife and daughter want to be near each other to care for the grandchild.
I estimated he pays $75,000/year so his wife can be a babysitter.

This has nothing to do with GME; but if I lose money on my gamble, at least I can think of a guy losing much more, and his loss is avoidable with no possible upside.
49   EBGuy   ignore (1)   2021 Mar 25, 3:25pm     ↓ dislike (0)   quote   flag      

I panicked yesterday and sold my three shares. This is what happens when you don't HODL -- an upgrade!
50   clambo   ignore (5)   2021 Mar 25, 5:26pm     ↓ dislike (0)   quote   flag      

I don’t know the future.
But if GME was once $400/share I’m gonna hodl until it’s 400 again.
I might be waiting longer than my lifespan however.

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