GME and AMC stock action (out of main)

[printf42]

The bad thing for us is that Burry was long gme and made a bunch of money.

Actually I don’t hate Burry for shorting Tesla, because the guy makes his bet and was very quiet about it, even though I believe he made a mistake there.

I hate those who claim they are short and vomiting lies day in and day out on CNBS, I want to see them go away together with whoever was funding the mouthpiece.

 

[Discoducky]

Anyone here trying to sell some puts? Looking on maxpain.com it seems there are several that are trying...

Game Stop will most likely be going to zero, but when? I'm looking at long term puts assuming the squeeze ends in less than a month.

 

[Nocturnal]

Actually I don’t hate Burry for shorting Tesla, because the guy makes his bet and was very quiet about it, even though I believe he made a mistake there.

I hate those who claim they are short and vomiting lies day in and day out on CNBS, I want to see them go away together with whoever was funding the mouthpiece.

I only take it personally when they are jerks like Chanos.

 

[Nocturnal]

Anyone here trying to sell some puts? Looking on maxpain.com it seems there are several that are trying...

Game Stop will most likely be going to zero, but when? I'm looking at long term puts assuming the squeeze ends in less than a month.

Selling or buying? I need to investigate more but I think it’s not even trading at a crazy stock price compared to revenue. Also a new army of people with cash that love the brand now. Heck, count me in. I could see selling some outs out a month.

 

[Beltsbear]

This is hilarious.

https://twitter.com/daniel_toloko/status/1354035873512181761?s=20

 

[amolina]

Anyone here trying to sell some puts? Looking on maxpain.com it seems there are several that are trying...

Game Stop will most likely be going to zero, but when? I'm looking at long term puts assuming the squeeze ends in less than a month.

I sold today 10 of 65p and 10 of 75p expring in 3 days around the time when GME was at 88. I wanted to check out what a theta burn from IV of 600% feels like. Will post my results tomorrow once results are available. at the moment, up about 9k in total.

I have a question, when the stocks are halted, can one trade options? I tried a few times, but it didn't get filled.

 

[Nocturnal]

I sold today 10 of 65p and 10 of 75p expring in 3 days around the time when GME was at 88. I wanted to check out what a theta burn of 600% feels like. Will post my results tomorrow once results are available. at the moment, up about 9k in total.

I have a question, when the stocks are halted, can one trade options? I tried a few times, but it didn't get filled.

From my experience, I’d say no. Everything is shut down.

maybe I should take my gme earnings and out some into selling outs for Friday.

 

[GBleck]

Show us the loss porn!

 

[JRP3]

I only take it personally when they are jerks like Chanos.

Most of them seem to be jerks.

 

[juanmedina]

Anyone here trying to sell some puts? Looking on maxpain.com it seems there are several that are trying...

Game Stop will most likely be going to zero, but when? I'm looking at long term puts assuming the squeeze ends in less than a month.

I have some short put spreads on GME. I sold some puts on QS chasing premiums and now I have 600 shares lol at $70

 

[adiggs]

I think this is just the first success that WSB/reddit will have along these lines - investing big in highly-shorted stocks. I anticipate at least 1-2 more of these squeezes over the next little while. Once GMC is over, they will collectively have massive profit to deploy and many more followers than now. Unless the SEC somehow reins them in (not sure why or how), I envision more squeezes like this. Possible next targets are BB, AMC and even NOK from my reading there, but who knows for sure. I would highly recommend spending some time there - beneath the memes and jokes, there are some very knowledgeable posters, and with what we have all weathered with TSLA over the years, I would not want to miss jumping on the next train to destroy the shorts based on the preconceived ideas that they are just lucky, millenial idiots over there. That is the image they try to portray and it works to keep MSM blind and not recognizing their current and future power.

I am entirely fine with the investor community policing the abusive shorts.

If nothing else, shorts will be looking over their shoulders (or just passing) on any company with a >100% short level. That's a setup for shorts to be roasted.

Maybe I should get me a few shares tomorrow - just to experience the ride

 

[adiggs]

There literally aren't enough shares to cover, all they have to do is sit tight for a month or two.

Let the short borrow rates roast slowly, with the margin calls melting their portfolios away.

Is there too much schadenfreude being thrown the shorts way? (nah)

 

[Featsbeyond50]

I've never shorted a stock in my life but now.... I still haven't.

I just tried shorting 10 shares (yeah, I roll big) but was unable to in Schwab after-hours. I guess I still haven't traded after hours either.

If this is still over 200 at the open, I'm going to try shorting again.

 

[pz1975]

I would highly recommend against shorting GME right now. You may be right and make profit, but I think it could go to $1,000+ with an ongoing squeeze and you could end up with a massive loss. The higher it goes, the more shorts get margin called and need to cover. That makes the SP go up more, rinse and repeat. I never give advice on here, but I think there are better and much much safer places to try and earn some profit right now.

 

[adiggs]

I've never shorted a stock in my life but now.... I still haven't.

I just tried shorting 10 shares (yeah, I roll big) but was unable to in Schwab after-hours. I guess I still haven't traded after hours either.

If this is still over 200 at the open, I'm going to try shorting again.

Good luck with that. If the short % isn't well under 100%, then it sounds like you'd be joining the next wave of shorts to be in a trade you can't get out of.

"Heck, if it was a good short at $50, then it's an even better short at $100. And what an amazingly good short at $200; just imagine what a good short it'll be at $400!". The market can be irrational beyond our ability to remain solvent.

 

[chronoreverse]

Seriously, don't gamble with potentially limitless losses.

 

[TheTalkingMule]

Burry is complaining and calling this unnatural. Looking for regulatory and SEC action is response to "manipulation". Guy's got a lotta balls defending the ultimate fraudsters and manipulators. His opinion means less and less to me as time goes by.

 

[Singuy]

Inclusion has now passed, everything is different. The float is tight as a mofo, shorts are running for cover, and we're not entirely sure all the benchmark fund buying is done. Lets not forget all this newfound retail wealth from the reddit bros will need a home....

I think we see the standard muted response for 2 days, even after Elon guides for 850-900k deliveries, then another Rocket Monday. I'll be buying calls Friday for the following week if we end the week below $850.

In the past the float was in the hands of traders and it was a huge percentage of all shares outstanding. Now....not so much. I will be VERY interested to see the short interest update thru Jan 15 if and when it's released at 4pm tomorrow as scheduled.

To be fair, I'm pretty sure I've been this rosy for like 15 of the last 20 earnings reports. This one just smells dangerous to me. When it all cools down.....that's another story entirely.

Wsb finding a home or park the money into the next victim. They did this with lunch money, now they have this massive wealth transfer from hedge funds which means this might be a huge snow ball going forward. Knowing those degenerates, they are doing this just to create memes. So the next company they have their eyes on will see even a larger squeeze, so on and so forth until they have enough $$$ to change a company like Tesla while hedge funds pull out their short positions everywhere. This will be hilarious if wsb continues this causing a short squeeze..on the entire market. I wouldnt put it past them. Looks like the next victim is AMC.

 

[Mr X]

S & X Refresh announcement tomorrow *fingers crossed*


Also, AMC stock pump might be the next GME via r/WTB


At $8.25, might snag a couple just in case... surely it'll go up after this pandemic once theaters open again anyway

 

[LN1_Casey]

S & X Refresh announcement tomorrow *fingers crossed*

Also, AMC stock pump might be the next GME via r/WTB

At $8.25, might snag a couple just in case... surely it'll go up after this pandemic once theaters open again anyway

If nothing else, the hedge funds may be a bit nervous since the GME explosion. That tagged with some hopeful retail investors probably explains the near doubling in after hours.