GME and AMC stock action (out of main)

[Nocturnal]

This is a very good post detailing what has happened. For someone who has been long TSLA for years all this rings very true with regard to the naked shorting, the market-maker manipulation etc. I don't know anything about the fundamentals of GME so I won't be trading it, but I'm happy to see "crowd sourcing" by long investors to kick the big players sometimes...

https://reddit.com/r/wallstreetbets...ndgame_part_3_a_new_opponent_enters_the_ring/

The CNBC crowd is crying so hard about this. I love it. "it's manipulation halp us SEC".

 

[TheTalkingMule]

In for a few shares as needed this morning. Just on principle.

These clowns need a few more checks by the absentee regulators at the SEC, and balances from reddit kids.

 

[Johan]

The CNBC crowd is crying so hard about this. I love it. "it's manipulation halp us SEC".

It's actually an interesting discussion what the modern interpretation of "stock manipulation" or "collusion" should be. A group of people doing joint research and coming to a joint conclusion that either the stock is under valued or that there is a potential for a stock squeeze, and then in unision deciding to go long "together" while clearly understanding that there is a dynamic in many people getting behind a stock? Is that illegal? I mean a classic "pump and dump" would be illegal, but this is not what has happened here. Is what we've been doing here on TMC for many years illegal?

 

[TheTalkingMule]

The level of concern at CNBC this morning is laughable. F these guys.

I'm starting to think this wider agenda of attacking all short positions is bigger than we think. Someone posted yesterday that it could've been the massive TSLA spike at open. Would be nice to see ON THE WEEK OF BLOCKBUSTER EARNINGS. Lol

Are there any ETFs out there that concentrate all the most shorted shares in the S&P500? That would be nice to jump into this week for support and profit.

 

[TheTalkingMule]

Beyond Meat is up 36% this morning on Pepsi contract news and short squeeze. Ideally this is what happens to TSLA tomorrow

 

[chronoreverse]

The moment GME bounces up, trading halts. It didn't even reach the opening price yet. But no stop when it plunged at start.

I really hope the WSB guys win this out, but the rules will probably get changed on them.

 

[vwman111]

Chamath purchased 50 contracts of the Feb 115c

 

[Nocturnal]

Chamath is onboard with GME now. This is a signal for my joke position to go to a real one.

Chamath purchased 50 contracts of the Feb 115c

I just added 10 of those after seeing that tweet. lol I have about 50k in shares and 10k in options already. Gambling is fun!

 

[bro1999]

If Elon tweets he bought into GME, that will launch it well past $100.
Though would he get in trouble with the SEC for doing that?

 

[Nocturnal]

If Elon tweets he bought into GME, that will launch it well past $100.
Though would he get in trouble with the SEC for doing that?

It was as high as 153 yesterday. If Elon tweeted that it would probably break 200. CNBC will have a coronary. Elon just needs to stay something like "I enjoy playing games but hate when I have to stop."

 

[chronoreverse]

Well, this happened instead: Etsy jumps after Musk tweet: “I kinda love Etsy”

 

[bro1999]

It was as high as 153 yesterday. If Elon tweeted that it would probably break 200. CNBC will have a coronary. Elon just needs to stay something like "I enjoy playing games but hate when I have to stop."

Watching GME's ticker is fascinating. It's like trench warfare, both sides dig in until one finally advances, but then the other side re-trenches and takes ground back. MM shorties vs Redditers!

 

[chronoreverse]

Watching GME's ticker is fascinating. It's like trench warfare, both sides dig in until one finally advances, but then the other side re-trenches and takes ground back. MM shorties vs Redditers!

It's certainly entertaining to watch. I wonder how both the YOLO guys from WSB and the shorters are feeling right now.

 

[bro1999]

It's certainly entertaining to watch. I wonder how both the YOLO guys from WSB and the shorters are feeling right now.

If they pass another round of stimulus checks, that'll give the WSB guys new cache of weapons for the war.

 

[chronoreverse]

Creeping towards 115 instead of spiking. Let's see what happens since there can't be a halt this time.

 

[bro1999]

Creeping towards 115 instead of spiking. Let's see what happens since there can't be a halt this time.

A lot different from yesterdays roller coaster swings. It's been a slow and steady grind up the hill.

 

[UnknownSoldier]

Chamath, yes that Chamath, has jumped into this party. He only spent a pittance for him but the message is clear. Chamath hates how most of Wall Street are parasites, this is gonna be good.

 

[Johan]

$120. Wow it's already traded over 100 million today, which is x 5 the avg. volume (at a significantly higher price). The float is only 50 million, but with all the "fantasy shares" created by naked shorting that's not a problem. "The market makers play an important role in supplying liquidity... [which is why the SEC will allow the to do naked shorting] blah blah blah". I love to see them getting burned.

 

[bro1999]

$120. Wow it's already traded over 100 million today, which is x 5 the avg. volume (at a significantly higher price). The float is only 50 million, but with all the "fantasy shares" created by naked shorting that's not a problem. "The market makers play an important role in supplying liquidity... [which is why the SEC will allow the to do naked shorting] blah blah blah". I love to see them getting burned.

Fascinating action. Watched the ticker for a little bit, and as soon as it hit $125, it immediate dropped down to $113, but has already almost recovered all of that drop. Guess someone had a huge sell order for $125.

 

[Nocturnal]

Loving this. Citron has almost paid for my tri motor cybertruck today.