TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC
  1. TMC is currently READ ONLY.
    Click here for more info.

GME stock and shortsellers (out of main)

Discussion in 'TSLA Investor Discussions' started by Electroman, Jan 23, 2021.

  1. Electroman

    Electroman Supporting Member

    Joined:
    Aug 18, 2012
    Messages:
    6,104
    Location:
    TX
    Left got burnt in Game Stop

    GameStop stock halts trading after Reddit drama
     
  2. JRP3

    JRP3 Hyperactive Member

    Joined:
    Aug 20, 2007
    Messages:
    19,384
    Location:
    Central New York
  3. Johan

    Johan Ex got M3 in the divorce, waiting for EU Model Y!

    Joined:
    Feb 9, 2012
    Messages:
    7,426
    Location:
    Drammen, Norway
    Poor Andrew. Who knew people getting together might be more powerful than everyone acting on their own?

    C71B1CEE-E226-4D95-960D-3825747E76BE.jpeg
     
  4. Cherry Wine

    Cherry Wine Supporting Member

    Joined:
    Oct 4, 2018
    Messages:
    2,305
    Location:
    California
    I think the case could be made, sure.
     
  5. Johan

    Johan Ex got M3 in the divorce, waiting for EU Model Y!

    Joined:
    Feb 9, 2012
    Messages:
    7,426
    Location:
    Drammen, Norway
    If so then the Investor's thread at TMC must surely be illegal, no?
     
    • Funny x 9
    • Like x 6
  6. Pezpunk

    Pezpunk Active Member

    Joined:
    Aug 12, 2016
    Messages:
    1,380
    Location:
    Bristow, VA
    watching Andrew Left / Citron get owned by /r/wallstreetbets ding dongs is great, but it's also kinda like watching Martin Shkrelli beat up Bill Cosby. There's not really a good guy here.
     
    • Funny x 4
    • Like x 2
  7. Singuy

    Singuy Active Member

    Joined:
    Jun 28, 2018
    Messages:
    3,247
    Location:
    US
    Sure, but then you are trying to catch a bunch of degenerates that post nothing useful but memes. Good luck identifying any of them..lol.

    Plus calling whatever they do organized is anything but. Sometimes you wonder if people posting there are indeed human.
     
    • Funny x 3
    • Like x 1
  8. pz1975

    pz1975 Supporting Member

    Joined:
    Aug 30, 2013
    Messages:
    1,392
    Location:
    Langley, BC, Canada
    I don’t understand why it would be illegal. A group of people discussing the merits of a company and stock and deciding to invest in it for profit. Sounds a lot like...hmm...can’t think of it right now. The only real difference is investors here are way more knowledgeable and measured, while there they are definitely way riskier.
     
  9. JRP3

    JRP3 Hyperactive Member

    Joined:
    Aug 20, 2007
    Messages:
    19,384
    Location:
    Central New York
    We aren't working together here at TMC we just have similar goals ;)
     
  10. Johan

    Johan Ex got M3 in the divorce, waiting for EU Model Y!

    Joined:
    Feb 9, 2012
    Messages:
    7,426
    Location:
    Drammen, Norway
    I don't know anything about Gamestop as a business, other than that I've noticed they sell a lot of dolls and stuff related to video games? Maybe that's a good business? Maybe they were under valued? But this can't be sustainable right?
     
  11. pz1975

    pz1975 Supporting Member

    Joined:
    Aug 30, 2013
    Messages:
    1,392
    Location:
    Langley, BC, Canada
    If you read on WSB, there are some well-written DD posts hidden amongst the memes. The main argument is they have a new, previously successful, CEO who wants to transition the company from bricks and mortar to online/subscription gaming, which is growing massively.
     
    • Like x 3
  12. BrownOuttaSpec

    Joined:
    May 13, 2019
    Messages:
    431
    Location:
    Raleigh, NC
    $110 share price is insane... Those Reddit WSB guys must be going crazy right now. It was $18/shr 2 weeks ago.
     
  13. BrownOuttaSpec

    Joined:
    May 13, 2019
    Messages:
    431
    Location:
    Raleigh, NC
    $126 now... can the Money Movers not stop this? Will it will be a squeeze to $1000 then everyone jumps ship with their gains??
     
  14. chronoreverse

    chronoreverse Member

    Joined:
    Oct 14, 2020
    Messages:
    223
    Location:
    Vancouver
    It's funny how the shorts are trying to whine to the SEC that there's manipulation going on when it's entirely their own manipulations backfiring in the most spectacular manner because some crazies on a website noticed a chink in their cheating armor.
     
    • Like x 10
    • Love x 3
    • Informative x 2
  15. pz1975

    pz1975 Supporting Member

    Joined:
    Aug 30, 2013
    Messages:
    1,392
    Location:
    Langley, BC, Canada
    This is it exactly!
     
    • Like x 1
  16. BrownOuttaSpec

    Joined:
    May 13, 2019
    Messages:
    431
    Location:
    Raleigh, NC
    I mean... i kinda feel like I am missing out... FOMO is real but I don't want to touch that stock with a 10ft pole. gme.JPG
     
    • Like x 2
    • Informative x 1
  17. LN1_Casey

    LN1_Casey Draco dormiens nunquam titillandus

    Joined:
    Mar 6, 2019
    Messages:
    1,990
    Location:
    Oahu, Hawaii
    I'm just going to sit back and eat some popcorn. I don't think GME has the potential to keep it's stock price at current absurd levels, and I don't want to get burned trying to hop into the rocket, or cut catching a falling knife.
     
    • Funny x 1
  18. c041v

    c041v Supporting Member

    Joined:
    Jan 7, 2013
    Messages:
    686
    Location:
    Vancouver, BC
    Ha. I was in at $70 for a token amount and out $70 earlier today. A lot happened in between and none of it made any sense. Too much volatility for even my TSLA-tempered nerves.
     
    • Funny x 2
  19. Nocturnal

    Nocturnal Supporting Member

    Joined:
    Aug 23, 2018
    Messages:
    6,031
    Location:
    In the middle
    I went in with the WSB crowd Friday and today. I was in GME at 96 and did not sell at $150 unfortunately. I'm currently slightly red, but my other WSB idiot trade was BB which went up enough to get me to break even. Any valuation of GME is ridiculous IMO but there is still a lot of short interest and those idiots might be able to pull it higher.

    This was great entertainment that wound up costing me almost nothing and risked me 40k. Alas I could have pocketed 40k on top of that but oh well.
    That's just the feeble attempts on his part to save face. A few hundred thousand people all saying "yeah buy this and it will go up" is hardly collusion. Wall Street is just pissed that regular idiots can pull the same crap.
     
    • Like x 5
    • Informative x 1
  20. Johan

    Johan Ex got M3 in the divorce, waiting for EU Model Y!

    Joined:
    Feb 9, 2012
    Messages:
    7,426
    Location:
    Drammen, Norway
    • Informative x 2
    • Like x 2
    • Helpful x 1
    • Love x 1

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC