Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: Ferki on January 28, 2021, 10:37:19 PM
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Be very careful when investing in GME (GameStop Corp.) right now. You can lose everything, don't be a gambler.
It's a nice gesture from the Reddit Community, but they don't stand a chance against billion-dollar investors.
Don't be greedy, In the end everything is just a game, like pump and dump actions and the initiators become the only ones who earn the money.
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Hmm, short interest is still more than 130%.
To gamble or not to gamble, that is the question :-[
This is not advice, just my thoughts .
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Who cares, just bought it for 300. Is more exciting ;D
Don't do it after me just because I enjoy it and I can cope with loss.
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(https://res.cloudinary.com/etoro/image/fetch/f_auto/q_auto/https%3A%2F%2Fopenbook-static-files-prod.s3.amazonaws.com%2Frich-media%2Fimages%2F%2F5f94035b-db72-4ee1-a430-e773ca51851c.jpeg)
Well, i just bought some more :P
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Just found this:
(https://i.imgur.com/yRG2g5N.png)
Can a single GME share be worth one Bitcoin?
Wow, we'll see, I'll keep reporting here:
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(https://res.cloudinary.com/etoro/image/fetch/f_auto/q_auto/https%3A%2F%2Fopenbook-static-files-prod.s3.amazonaws.com%2Frich-media%2Fimages%2F%2F5f94035b-db72-4ee1-a430-e773ca51851c.jpeg)
Well, i just bought some more :P
When it is american investors its ok but when the party moves to the asian playground sec is seriously concerned to the market structure and orderly functioning of the financial system bit of scorn cause the time might be coming that machines are to take over certain jobs
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The latest explanations and links for the people who don't know what it's about
I feel like clarification is needed about Today
DD
There’s a lot of new people on here that don’t really understand the play going on right now on both sides and I felt like we need to clear up some misconceptions so you can make your own decisions.
Why no spike today?:
First of all, we can’t know on what day the Squeeze happens / they cover their shorts. All we know is it has to happen sooner or later since the hedgefunds are losing millions if not billions EVERY SINGLE DAY THEY DON’T COVER. They use several tactics to delay it, but they can’t circumvent it. They’re bleeding, and all the retail investors holding are slowly sucking the blood out of their fat ugly bodies.
It might take just a few days, or weeks... But eventually, when they cover, WE retail investors get to set the price. That’s why you keep seeing 10k (or 69420$) is not a meme. Because it’s not.
We also know they’re down BAD. Why? Because they’re attacking us any way they can and wasting millions doing so.
So let’s see what tactics they are using:
Short ladder attacks:
What is a short ladder attack? The big hedgefunds are putting in lower and lower bid prices between themselves. There is little to no volume on those trades, and since no one can buy, it "looks" like the stock is plummeting. It’s only effective if we would sell.
https://www.reddit.com/r/wallstreetbets/comments/l9ay2s/short_ladder_attack_explained/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/wallstreetbets/comments/la6vcb/wall_street_plan_trying_to_psychologically_scare/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Just look at the volume. People are not selling: https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont_panic_and_just_look_at_the_fucking_volume/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Infiltrating WSB and other social media:
Here are some random screenshots I took of WSB Synth. Notice the people saying to jump ship and to take GME gains and invest into FORD. Obvious shills. There’s tons of them. Always new, or old accounts that suddenly post again. All those people came in just in time when the short ladder attacks started, just to make it look like people are panic selling and convince us to sell: https://www.reddit.com/r/wallstreetbets/comments/lahqex/notice_the_two_obvious_melvin_employees_time_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Manipulating the Media:
Here are some News channels caught lying / manipulating the market: (SEC if you read this...) https://www.reddit.com/r/wallstreetbets/comments/la8n7o/fake_news/ https://www.reddit.com/r/wallstreetbets/comments/la6e16/cnn_back_off_this_is_a_lie_literally_a_5_second/ https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/wallstreetbets/comments/la8x7g/bloomberg_now_insisting_gme_is_old_news_ha/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Now let’s get some clarification on SILVER:
There is so much misinformation swirling around concerning Silver. People don’t seem to realize 3 things:
Silver is not a get rich quick move. Silver is a LONG TERM HOLD move. GME is a risky short term play. So YOU decide what makes more sense to get in right now. (Personally I sold all my stocks to buy GME today. YOLO)
The actual Silver sub on reddit does not advocate buying SLV, nor do most of them believe SLV is the move to make.
The hedge funds would love for you to go all-in on Silver and ignore the GME opportunity. Every dollar spent on SLV instead of GME is a double win for them, since SLV is inverting GME and they own a ton of Silver and that’s why they’re pushing this narrative in the media.
SLV inverting GME: https://www.reddit.com/r/wallstreetbets/comments/la4mog/stop_buying_slv_you_smooth_brained_retards_its/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The amount of paper contracts or IShares SLV available is basically infinite. Physical silver is a rare physical commodity with a finite supply, and a very low supply of retail sized bars/rounds/coins.
IF you want to go into silver for whatever reason, buy physical. But that’s just my retard opinion.
SILVER ISN’T “REDDITS NEXT BIG PLAY“. You guys need to realize the GME situation is very unique and WSB is not, and never was about starting crazy short squeezes. GME is a rare opportunity where the big guys actually fucked up BIG TIME.
Silver squeeze not happening links: https://www.reddit.com/r/wallstreetbets/comments/la1o04/there_is_no_silver_short_squeeze_happening_none/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/wallstreetbets/comments/la1xhf/guess_who_owns_tonnes_of_slv_options_fuck_citadel/?utm_source=share&utm_medium=ios_app&utm_name=iossmf https://www.reddit.com/r/wallstreetbets/comments/l9runf/the_silver_squeeze_is_a_hedgefund_coordinated/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Well. Let’s see to what extend they fucked up exactly:
Short Version: The short version is that a review of the 'strategic fails–to–deliver' data indicates that institutional insiders may have counterfeited a massive number of Gamestop shares which is why they tried to stop retail investors from buying more shares on Thursday.
There are are 71 million shares of GME that have ever been issued by the company. Institutions have reported to the SEC via 13F filings that they own more than 102,000,000 shares (including the 13% of GME stock is owned by Ryan Cohen). That is already 30,000,000 shares more than even exist.
On top of the shares reportedly owned by institutions, retail investors may currently hold 50+ million shares (counting both long holdings and call options – both ITM and OTM).
Once you include call options, retail investors may already hold more than 100% of GME (not just 100% of the float, more than 100% of the actual company). This would be definitive proof of illegal activity at the highest levels of the financial system.
Long version here: https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec_doj_60_minutes_public_data_suggests_massive/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
At these levels it’s NOT about the price, it’s about the number of shares in the hedgefunds possession. That’s why they want you to sell so bad.
Last but not least I’m holding because this is a once in a lifetime opportunity. I’m holding because I hope to see a better future and I’m holding for all you out there. To the Moon or zero.
APES. STRONG. TOGETHER.
Disclaimer: This is not financial advice, I’m literally an ape. I just like the stock. Do your own DD and avoid the fake new and/or resurrected accounts here and the manipulative Media.
https://www.reddit.com/r/wallstreetbets/comments/laikd0/i_feel_like_clarification_is_needed_about_today/
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GME and $80 Stocks. Why to not worry.
Discussion
Oh my god! GME is down to $150! It's down to $100! It's down to 30 cents! The hedgies are going to cover all their shorts at that 30cent price point! It's over!
Wrong.
No one is selling at these prices. Sure, maybe a few scared folk who don't know any better. Maybe they trigger a few stop losses. Maybe some margins get called. But it's not enough. Say it with me:
PRICE DOESN'T MATTER
WHAT?!
You heard me. 30cent GME? No problem.
They don't need a low price, they need your shares. If 10 people sell at 30c cents, and that's the only market activity, it's a "30 cent stock" but Melvin only netted ten shares. They are still fucked. They aren't buying 50 million shares at 30c, nor $100, nor $300, and that's their problem. It's an availability issue. Sometimes it's ALSO a price issue (too high for them) but primarily it's the availability.
All the activity driving down the listed share price are illegal ladder attacks (not that legality should be expected at this point, these folk are crooks). Those aren't actual sales though, it's just shares trading hands from hedgie to hedgie. They aren't gobbling up value. These people don't admit defeat, they are neither smart nor humble, they are crooks. They need 50 million+ shares. They need over 100% of the float to sell to them (that 50% float you hear about is accounting shennaigans, ignore it, they are still exposed). You can NOT close that many positions sniping a few shaky handed noobs. We aren't talking about a few shares they need to buy, we're talking about fucking ALL OF THEM.
I'll explain that in a second, but first let me repeat:
PRICE DOESN'T MATTER
So let's say you want to buy 50 million shares, let's look at what shares are being asked for in my hypothetical example market:
# of Shares - Price
x 20 - $0.30c
x 80 - $5
x 400 - $20
x 600 - $40
x 900 - $60
x 2,000 - $100
x 5,000 - $150
x 10,000 - $200
x 30,000 - $300
x 50,000 - $400
x 150,000 - $500
x 1 mil - $1,000
x 15 mil - $5,000
x 30 mil - $69,420
Get it? There are only a few people willing to sell at those low prices. By the time you've bought a quarter million shares (0.5% of what you need to buy) you're back up to the sustained highs. And these are just exaggerations to make a point. A stock price only reflects current trade values, not availability at those prices. If the hedgies are trading their shares back and forth to each other to drive down the price and they have ladder attacked down to a Nickel, that doesn't mean anyone's shares are only worth pocket change, that just means that that is what things are trading at in the moment. There's no volume to buy up at those costs. No one can force you to sell at a Nickel.
Get it?
PRICE DOESN'T MATTER
They need our shares, not a low price. The price does not reflect whether we are 'winning' or not. Their financial reserves indicate that, but there isn't a ticker for that. But be sure, every day the inevitable closes in. Sell out of fear if you like, but you'll just miss out in the end. People like me, as we shore up more funds, snipe these low prices, stealing away shares the hedgies use to ladder and taking shares away from shaky hands and putting them into steady ones.
This isn't financial advice, I just want to make sure people on this sub have the knowledge to not make fools of themselves in casual conversation.
https://www.reddit.com/r/wallstreetbets/comments/lbe80d/gme_and_80_stocks_why_to_not_worry/
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There is a need to do research on trading. Not all companies can benefit by investing in the stock market. Because I have seen investing in the stock market. Currently I have nothing to invest in the stock exchange. I have suffered a lot from them during the Corona period. I never support investing in stock exchanges.
Bring investments to cryptocurrency. It is possible to make a profit if you invest in the right place. If you have to hold on to something long-term, hold on to the cryptocurrency for a long time. I hold on. Investment and trade require intelligence. Which is not enough for investors in the stock market. Lots of damage is done.
Especially investing on different products, I never support. These were damaged during the Corona period. Those who have been trading on top of various products in the cryptocurrency market have been able to achieve success. Successful people are in control of almost every single situation.
However, it is possible to profit only if you have a basic idea about the market and a good knowledge of cryptocurrency. However, investing in stock exchanges does not bring good results for all products.
Stock exchanges can hit the country's economy hard. Cryptocurrency has a role to play in advancing the economies of different countries as the spread of cryptocurrency is much higher at present. So cryptocurrency has a place in the economy at least a little bit.
The constant discussion of trade and new products gives an idea about the economy and the global economy.
You can see how I invest in stock market here:
https://www.altcoinstalks.com/index.php?topic=190776.0
By the way, investing in stocks isn't as bad as you make it. But it can be just as bad as very volatile crypto market. Let's put it this way: in the crypto market you can lose all your money much faster than on the stock exchange. Winning money is the same.
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@Ferki
I know about investing in stock exchanges and investing in cryptocurrencies. I know that investing in the cryptocurrency market carries high risk. However, investment in new projects needs to be monitored. There will be a possibility of damage. But caution is the only recourse. Investing in the stock market is a very short time to lose assets. It is possible to benefit most of the time. Here I agree with you.
Investors currently support reddit highlighting various aspects.
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In the end, it looks like I predicted, you can't take on the mighty of this world. Personally, I've lost a few hundred, eventually, I haven't sold it yet. Should have been a warning to me.
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Be very careful when investing in GME (GameStop Corp.) right now. You can lose everything, don't be a gambler.
It's a nice gesture from the Reddit Community, but they don't stand a chance against billion-dollar investors.
Don't be greedy, In the end everything is just a game, like pump and dump actions and the initiators become the only ones who earn the money.
Well, this is exactly what happened, those who got in late lost their money if they sold, only those who invested a month before the actual pump also benefited from it..
Nice story to learn from , anyway.
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Looks like a new life is being breathed into the stock.
After 100% yesterday, 50% more is expected today. Where will this end?
I'll report on it tonight
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Gamestop share rises 104 percent - Buffett vice warns of excesses
The Gamestop share suddenly goes through the roof again. Warren Buffett's deputy Charlie Munger sees an "irritating bubble" in the financial market.
The excitement surrounding the ailing video game retailer Gamestop is never ending on the US financial market. After heavy losses in the previous weeks, the share price of the US company, which had become the plaything of speculators, roughly doubled on Wednesday without a clear reason being immediately apparent. In view of the conditions on the US stock exchanges, the long-time partner of the legendary star investor Warren Buffett, Charlie Munger, warned of excesses.
Violent fluctuations
The vice chairman of Buffett's investment company Berkshire Hathaway seems to be concerned about the recent turmoil in the US financial market. The 97-year-old said at the annual general meeting of the US media group Daily Journal Corporation on Wednesday, at the annual general meeting of the US media group Daily Journal Corporation, price capers like the shares of Gamestop are signs of an "irritating bubble" that has to come to a bad end at some point.
Gamestop's shares were temporarily suspended from trading mid-week and ultimately closed at nearly $ 92, up 104 percent. After the trading hours it continued with violent fluctuations, at times the price shot up by another 100 percent. The day before, Gamestop had announced the departure of CFO Jim Bell without giving a reason.
US media later reported that the manager had to resign under pressure from influential shareholders because there had been disagreements about the strategy. Investor Ryan Cohen is said to have played a key role here, having taken on a position on the Board of Directors in January. Many speculators consider him to be the bearer of hope for a comeback, because he had already successfully turned the pet supply retailer Chewy inside out.
Gamble with stocks
Old stock exchange master Munger thinks nothing of the gamestop hype. According to his criticism, the frenzy of speculation reveals a dangerous new culture in which people are encouraged by cheap brokers such as Robinhood to gamble with stocks, as they do in horse betting. In fact, Gamestop has been in crisis for a long time, but driven by hobby investors organized on the Internet, the company's shares had rallied breathtakingly last month.
That in turn broke billions in losses for some hedge funds that had bet on a price decline. At the end of January the stock had hit a record high of over $ 483, but the soaring was quickly over.
Investigations in the USA
The price turbulence around Gamestop and some other companies on the US stock exchanges has already had an aftermath that continues. US authorities are investigating the incidents and investigating possible market manipulation.
With its easy-to-use app, the discount broker Robinhood, which is particularly popular with younger investors, also came under fire from criticism. In particular, the fact that Robinhood restricted trading in hot stocks like those of Gamestop during the price explosion last month so that they could only be sold caused a lot of trouble. Robinhood firmly denied any suspicions of collusion with hedge funds.
Gambling or Stock Trading?
Charlie Munger now also strongly criticized Robinhood, but not because of the trading restrictions, but because he considers the app to be more of a kind of gambling provider than a reputable broker. Robinhood runs a "dirty" business, in which users are lured with no fee, while the company receives money from Wall Street actors for the mediation of their transactions and therefore encourages as much and risky trading as possible.
The Buffett vice-president cannot gain anything from the heights of the electric car manufacturer Tesla and the digital currency Bitcoin. He doesn't know which price rally he thinks is worse, says Munger. Bitcoin is unsuitable as a means of payment because of its strong price fluctuations.
Tesla boss Elon Musk is a big fan of crypto currencies, the company had last bought bitcoins for 1.5 billion dollars and thus fueled the rate of the most famous digital currency.
Translated for you from this source: https://www.heise.de/news/Gamestop-Aktie-steigt-104-Prozent-Buffett-Vize-warnt-vor-Exzessen-5064928.html
Some things are also explained here, but more is expected. This is not only about GME shares but also about exchanges and future trading with shares. Some things are changing in the world right now and that's why I will continue to report here as far as these changes arise.
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Looks like a new life is being breathed into the stock.
After 100% yesterday, 50% more is expected today. Where will this end?
I'll report on it tonight
Definitely. I'm curious how it will end as well. This whole turmoil is very interesting to watch from the outside - I feel like it is a gamble to invest at this point.
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Looks like a new life is being breathed into the stock.
After 100% yesterday, 50% more is expected today. Where will this end?
I'll report on it tonight
Definitely. I'm curious how it will end as well. This whole turmoil is very interesting to watch from the outside - I feel like it is a gamble to invest at this point.
Of course, it's gamble. But for some of "us" it is not only red or black, like in roulette, there are many more variations and nuances ;)
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As expected, when it opened, GME is up 50%. Unfortunately sold again by those who won 200% so that the price stayed at 40% for the time being. It remains exciting
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After market killed the price.
After $160 in the meantime, the price slipped to $108, which is almost 20% of the previous day. So-called "paper hands" took their chance to sell. Since the price was $ 40 you could hit almost 400% profit. But according to Reddit boys, the short squeeze is not over yet and much bigger wins are expected.
Let's see what the premarket says.
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So, we started a day with 20% up. And it looks good so far.
For me it's like watching a series on Netflix ;D
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Paper hands,lol
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Paper hands,lol
The story is not over yet, there will be more to come the next week.
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Here we are again. Monday was neutral, but Tuesday is not so bad with a 17% surcharge. Discounts are to be expected at the end of the day, but overall not a bad beginning of the week.
$124 right now.
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The whole week ends with a PLUS and the next one won't start with less tension. Further prizes are expected, even if many would take their new prizes with them. As I said back then, I will still get my share, but I am moving myself in an area where I could still exchange the losses for a profit. Anyway, I wrote off these shares, the original drive has long since vanished, everyone is on their own
My advice, do not enter 8)
Oh, the price is $137 right now
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Wow, we got over 100% since Friday and still growing!!
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Some inexplicable things are happening right now, the share goes down 40% in 5 minutes to go up again 80% within the next 10 minutes. It will be a hot fight.
Rollercoaster right now, manipulations ::)
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After the bad start on Monday, the share is now moving sideways. Reddit's apes push each other, as always :
IMPORTANT NOTE TO ALL THOSE CONSIDERING SELLING TO BUY BACK AT CHEAPER PRICE.
This is exactly what the HF's wants you to do. They want you to paper hand so they can ride this thing to the ground. If you keep holding you will bleed the hedgefunds dry and they will continue to grow their hole so fucking deep that the moon is to short for the rocket ride.
Secondly, if you decide to sell and you miss the rocket youll get fucking depressed. You could lose out on millions. Is it worth saving a couple of thousands bucks to miss the chance of being financially secured for the rest of your life? Give that som thought.
The last thing you need to understand is that a big share of this community has holding this stock from 40 to 450 to 40 to 350 to 200. It takes time to adjust to the dips, and it might be scary, but the upside of holding is so big. Selling will only delay the inevitable squeeze
Edit:
u/Tsunami365 selling means that " It resets the fails to deliver clock. "
Edit 2: u/WhyNotUpdog "
They can buy your real shares and sell you back some of their naked shorts, prolonging the amount of time they have to deliver real shares, easing the pressure on them.
They need all the real shares they can get so they love it when day traders hand them out on a plate."
We are at $195 per stock , the adventure continues.