GameStop stock crawling back to the Moon

[kitler53]

I cannot wait to see how this ends.  I've been monitoring the situation like a hawk because I find this to be so facinating. 

wish I would have listened to you pezus but even with no money in the game I'm still glad you brought this to me attention.  

I am sooo much more knowledgeable on stock now too.  might start trading after this regardless. 

[nnodley]

i'm sitting here with 7 shares with an average price around 300.  I'm hoping it hits a four figure share price.

do wish i got in earlier though

[Xevross]

I cannot wait to see how this ends.  I've been monitoring the situation like a hawk because I find this to be so facinating.

wish I would have listened to you pezus but even with no money in the game I'm still glad you brought this to me attention.  

I am sooo much more knowledgeable on stock now too.  might start trading after this regardless.

Yeah I learned all about how shorting works thanks to all this,.

No way am I getting involved in the stock market though, its fun watching stuff like this only when you're not involved. I'll stick to standard methods of saving.

[nnodley]

Yeah I learned all about how shorting works thanks to all this,.

No way am I getting involved in the stock market though, its fun watching stuff like this only when you're not involved. I'll stick to standard methods of saving.

The reward is just to great for me to not risk some money.  I'm still looking to get into more trading anyway just as some extra money.  Not gonna be a weirdo day trader who has like 10 monitors and buying and selling all day.  Just want a little extra cash.

I'm making bank on Dogecoin and bitcoin right now though.

[kitler53]

i feel like most markets i would loose all my money on if i tried investing.   ...but i'm already like really well aware of the video game and technology sectors.   i feel like if i limited my investment areas to here i could probably do well enough.  i'm not going to be making 10 trades a day or anything but with a few trades a year i'll bet i could "beat the market".   and i wouldn't be doing anything super risky like shorts either.  i'd buy stock i think has a good chance to grow while watching close enough to hopefully catch a few peaks and valleys.

[nnodley]

man Robinhood is till being snakes today.  Limiting GME to only 1 share.  fudgy billionaires i swear

[kitler53]

https://www.foxbusiness.com/markets/gamestop-stock-short-seller-losses-total-more-than-19b-data-firm-says

Short sellers were facing more than $19 billion in combined losses on GameStop as of Friday morning, according to an estimate provided to Fox Business by financial data service Ortex.

[Legend]

man Robinhood is till being snakes today.  Limiting GME to only 1 share.  fudgy billionaires i swear

To be clear, billionaires were/are getting rich off GameStop stock too. People are only turning this into a "battle against the 1%" in order to further their own agendas instead of actually making fixes.

[kitler53]

To be clear, billionaires were/are getting rich off GameStop stock too. People are only turning this into a "battle against the 1%" in order to further their own agendas instead of actually making fixes.

yes, but the hedgefund that enabled this (took the short) was not one of those winners.

imo shorts should be illegal.  it's straight up gambling and not investing.   we might not be able to get laws passed but I promise you EVERYONE will think twice about shorting a stock in the future.

[Dr. Pezus]

you're buying "stock" and not "options"?

Obviously. Buying up stocks causes the squeeze. Options can possibly help but stocks is where its at

@Dr. Pezus
I gotta hand it to you. You really called this. I sent you 5 raffle tickets.

We're witnessing history here.
I'm appalled at the tactics being used by the billionaires.

Lol 35k. Shares are going to fly to at least 400 usd each

Lulz this feels like ages ago. Now we're thinking in the thousands.

Oh and BTW. Overshorting like was done here could literally be the cause of a market crash. I have no idea why this was allowed in the first place. Now they're hoping to be bailed out when they should've know the risk.

When a poor person makes a mistake, he pays the price. When a rich person does, he is bailed out.

[Xevross]

When a poor person makes a mistake, he pays the price. When a rich person does, he is bailed out.

Feels like this is the central pillar of modern society and the end goal of capitalism, everything always boils down to this. "Socialism is great when its the rich being given free money, but poor people can fudge off."

God, its so upsetting.

[kitler53]

Obviously. Buying up stocks causes the squeeze. Options can possibly help but stocks is where its at
We're witnessing history here.
I'm appalled at the tactics being used by the billionaires.
Lulz this feels like ages ago. Now we're thinking in the thousands.

Oh and BTW. Overshorting like was done here could literally be the cause of a market crash. I have no idea why this was allowed in the first place. Now they're hoping to be bailed out when they should've know the risk.

When a poor person makes a mistake, he pays the price. When a rich person does, he is bailed out.

so what are you buying next?

[Legend]

Feels like this is the central pillar of modern society and the end goal of capitalism, everything always boils down to this. "Socialism is great when its the rich being given free money, but poor people can fudge off."

God, its so upsetting.

That's not what socialism means  

yes, but the hedgefund that enabled this (took the short) was not one of those winners.

imo shorts should be illegal.  it's straight up gambling and not investing.   we might not be able to get laws passed but I promise you EVERYONE will think twice about shorting a stock in the future.

At the very least, shorting needs better regulation. Being financially invested in the failure of a company is a recipe for disaster.

[the-pi-guy]

That's not what socialism means  

[Legend]

You've won this round!


Also seems I need to buy a Tesla. Only two people here own Teslas and both of them bought GameStop stock.