I wonder if GME will do another share offering to raise a bunch of money. Or perhaps they will be pressured to by the shorts in an attempt to alleviate the squeeze.
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So according to wsj Melvin covered its positions. So back to normal on Monday ?
What about the silver target ?
Bullion Dealers Face Sudden Shortage As Reddit-Raiders Take Aim At Silver | ZeroHedge
The WSJ said no such thing. It said "Melvin has massively de-risked its portfolio, a client said". Which can mean a lot of different things. What we do know, is that GME is still shorted more than 100% of its float. So the short squeeze on GME will play out even more this week.
If you are trying to get rich off the reddit army, good luck!
https://www.reddit.com/r/wallstreet...vershortsqueeze_is_a_trap_designed_to_direct/#SilverShortSqueeze is a trap designed to direct eyeballs and capital away from $GME!
Some say the silver thing is a distraction:
https://www.reddit.com/r/wallstreet...vershortsqueeze_is_a_trap_designed_to_direct/
In case you weren't there live with the rest of us apes...
15 minutes before close on Friday, a huge 3500 sell order for $245 was listed on the boards and was being laddered down to hit it to trigger any $250 stop losses and hunt for more on the way down.
AS THE SELL ORDER HIT THE BOARD... A 15,000 Buy order for $250 popped up like Gandalf at Helms Deep.
That buy order instantly chewed through every sell order in front of the $245 order, and the price shot to $315.
A second 8000 sell order for $285 was posted 1 minute before close, and a solid wall of ****ing justice popped up with a 13,000 share buy order for $290 and a second 5000 buy order for $310.
There was a HUGE player behind us Friday...
It was ****ing magical.
Everyone here needs to read this: https://www.reddit.com/r/wallstreet..._real_reason_wall_street_is_terrified_of_the/
There are indeed a number of things that just don't add up about GME and this post gives a very good hypothesis as to what is really going on.
I too think it is a distraction.
CITADEL IS THE 5TH LARGEST OWNER OF SLV, IT'S IMPERATIVE WE DO NOT "SQUEEZE" IT. THESE ARE HEDGE FUNDS BOTS SPAMMING AWARDS
I'm in GME but the huge difference for me between it and Tesla is I don't think the company is anything special outside of the specific circumstances at this moment in time. GME is no TSLA.
Yeah, I posted that yesterday. If it's true, it's a big deal. As much as retail wants to think they have the power to move markets, what happened Friday looks a lot more like a whale who is backing the long side. Whoever they are, it sounds like they are on the same crusade as the retail traders too and they are deploying their own bot to counter the short bots.Who or what is this? https://twitter.com/KjetillStjerne
WSB seems to be confident that's a long with tons of money:
https://www.reddit.com/r/wallstreet...his_war_on_our_own_but_we_have_a_big/glf3eie/
This true?