There are something like 20 million shorts expiring on Friday which is said to push GME to the moon if everyone holds.My take is that GME was a concentrated effort and paid off/is paying off. Now everyone's searching for the next GME and the efforts are split amongst these stocks and they won't end up as successful. imo
I also own AMC and BB so YOLO
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GME was just the ultimate low-hanging fruit, overripe and dripping with juice. It was/is, by far, the most shorted stock by % of float - 140%. I think the next closest is like 65%.My take is that GME was a concentrated effort and paid off/is paying off. Now everyone's searching for the next GME and the efforts are split amongst these stocks and they won't end up as successful. imo
I also own AMC and BB so YOLO
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Sounds like a hell of a good argument for a securities transfer tax.Over the past 10 days, average volume for this stupid stock has been 99 million a day. That means 1 billion shares have changed hands over the past 10 days
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Ok, so there are 47 million shares of gamestop available to trade, and the total number of shares a day that have changed hands each day of the past week is 99 million.Explain this a bit. Most people that know the industry/fundamentals seem pretty upset. Why?Over the past 10 days, average volume for this stupid stock has been 99 million a day. That means 1 billion shares have changed hands over the past 10 days, and now its the shorts ruining things?
By comparison, apple has about 16 billion shares available to trade, and only 174 million exchange hands day. Recently, gamestop shares have turned over twice a day while it takes 100 days for apple to turn over.
We all know the logic behind supply and demand. If there is more demand for shares, the price is going to go up. When there is less demand for shares, the price is going to go down. One of the reasons that kool is excited about some short having to close out a trade on 20 million shares means more demand for shares and therefore higher prices.
The problem i see is that 20 million shares isn’t going to sustain whatever this asinine stock price is. The only way it is going to stay this high or get higher is for redditors to convince more people to go to the moon or whatever
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I applaud your ability to mix your socialist hobby while also profiteering off the madness of common folk.Sounds like a hell of a good argument for a securities transfer tax.Over the past 10 days, average volume for this stupid stock has been 99 million a day. That means 1 billion shares have changed hands over the past 10 days
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To the moon, boys...
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I had already asked for Friday off since our vacation days expire at the end of Jan (our fiscal year) but man, Friday is gonna be either a great day or a terrible day
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I knew I couldn't ever time my exit perfectly, but now it's feeling like the consensus is "Monday or Tuesday" while yesterday it was "Thursday or Friday".
So I'm not sure which side of this is "delaying the inevitable"
So I'm not sure which side of this is "delaying the inevitable"
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Davey Day Trader needs to get on NAKD.
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He's NOK Gang
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I don’t understand how NAKD got on this bandwagon
not that I’m complaining. I’m up a couple hundred. But nobody is shorting it
not that I’m complaining. I’m up a couple hundred. But nobody is shorting it
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Bots. Picked up steam. I looked at it at 85 **** cents and thought hell ill buy 100 shares but for some reason didnt.
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Sort of like how people believe that fiat currency has value? Or bitcoin?The problem i see is that 20 million shares isn’t going to sustain whatever this asinine stock price is. The only way it is going to stay this high or get higher is for redditors to convince more people to go to the moon or whatever
Of course GME isn't going to hold anywhere near these prices long term. I don't believe that anyone thinks it will. People need to cover themselves - either like I did by selling enough to cover, and/or by setting stop loss orders - or risk losing everything. Not sure how much you've looked, but a lot of posts on WSB make it VERY clear that you should only play what you can afford to lose.
Human get sick. Ape get smart.I applaud your ability to mix your socialist hobby while also profiteering off the madness of common folk.
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Too late, and too cheap to get on GME, NOK actually looks like it has some longer term viability of the meme stocks & higher floor if things go tits up so I landed there.
Last edited by CBear3 on Wed Jan 27, 2021 10:49 pm, edited 1 time in total.
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When betting on meme stocks, is there a better symbol?I don’t understand how NAKD got on this bandwagon
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BBWWhen betting on meme stocks, is there a better symbol?I don’t understand how NAKD got on this bandwagon
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Penny stock that needs to reverse split by May to stay on the Nasdaq. Interest in something so cheap is worth trying to time the entry and exit. With the world on fire #NAKD on Twitter is probably enough to significantly increase the share price for a couple days.I don’t understand how NAKD got on this bandwagon
not that I’m complaining. I’m up a couple hundred. But nobody is shorting it
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I invested in it for the long-term but if the internet feels like doubling my value tomorrow I'll sell and get back in when people find a different hobby.Too late, and too cheap to get on GME, NOK actually looks like it has some longer term viability of the meme stocks & lower floor if things go tits up so I landed there.
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I have stayed away from GME, but I have bought some popcorn for tomorrow. I have a friend that bougt shares for $90 and he hopes to sell at $390 tomorrow...
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Trending towards 500...
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It’s funny that RH is now in on the scheme to slow this train down. Keep getting notices from them that “the market is volatile” and to beware. Just trying to scare people out of their holdings.
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