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GME and AMC stock action (out of main)

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Short interest is listed as 60ish % of fliat, down from 78% 2 weeks ago, though obviously there are no shares available.

I assume this is more of a hedge fund vs hedge fund affair this time around. Gonna be an interesting open.

Sold 2/5 of my shares at $136 and $149 to get back to "an amount of investment I'm willing to lose'. Holding at least half of the remaining til $420.69.
 
  • Funny
Reactions: house9
He explains who he is if you run through his timeline. He claims to have had a hand in programming trading bots and apparently has access to a lot of capital to invest in GME, which it appears he did yesterday.

I did a while back but there's nothing that's verifiable. He sure loves to be dramatic though.
 
These kids are dreamin'........or are they? Perhaps this is a calculated hedge fund play.

GameStop Options Bet That the Stock Will Reach $800 on Friday

The most-active option traded on the stock Thursday was a contract betting that GameStop shares would spike to $800 on Friday. Some 52,000 contracts changed hands during the session betting on this one-day gain of 636%.

For other options traders, it was a question of when GameStop would hit the $800 mark, not if. The seventh and eighth most-active contracts were call options wagering that the stock would reach $800 by next Friday or in three weeks. It’s hard to say whether the contracts were mainly bought or sold, two traders said.