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/biz/ - Business & Finance


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File: 8 KB, 271x271, gamestop-logo-271x271.jpg [View same] [iqdb] [saucenao] [google]
26383225 No.26383225 [Reply] [Original]

Lets get this free money

>> No.26383286

>>26383225
>Holding redditor bags

>> No.26383388

>>26383286
I’m up over 100% in a couple weeks

>> No.26383444

>>26383388
Excellent call, I just don't know why people would buy in now.

>> No.26383733

Buying in Mon would be a sure fire way to lose money.

>> No.26383794

>>26383225
GME is dropping a fuckload as soon as it can. It's literally just pumped up by reddit autists. It's the equivalent of merch clans on runescape back in the day, pump up an item and then everyone loses except for the few people who sold today at like ~$60

>> No.26383847

>>26383733
ive been saying that for about a month now and look where we are, a fucking short squeeze

>> No.26383871

>>26383444
the squeeze hasnt even started yet.

>> No.26383932

>>26383444
Waiting for a small dip to buy more. Just slowly adding a few shares

>> No.26384373

>>26383225
I had 50 call options on GME I bought when it was 3 bucks. I sold those fucking call option after I got 60% return, now they're probably worth over 6000% FUUUUUCK. It was supposed to expire at 2022! FUCKING SO MAD!!

>> No.26384393
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26384393

>>26383225
Copy that

>> No.26384448

funniest shit ever, retail retards are anal gaping shortsellers like Lemon Research

>> No.26384537

>>26383794
lol WSB didn't pump this, institutions and margin calls did. Just because one reddit group screams the loudest doesn't mean they are providing all the volume.. I mean look at today's numbers and think about it.

>> No.26384570

>>26384373
Oof

>> No.26384613

>>26383871
reddit AND a pajeet
bruh

>> No.26384681

>>26384373
why would you ever sell OTM with that much delta left

>> No.26384741

>>26384681
i mean theta

>> No.26384914

>>26383225
What's this riding on? Short term profits because everyone is furloughed? Surely it's out of gas by now.

>> No.26385016

>>26384373
Statistically you hold till the very end

>> No.26385048

>>26384373
strike price?

>> No.26385060
File: 33 KB, 500x375, reminder.jpg [View same] [iqdb] [saucenao] [google]
26385060

>once again /biz/ proves it is incapable of making money
never disappoint frens

>> No.26385111
File: 45 KB, 719x403, Screen Shot 2021-01-22 at 4.49.03 PM.png [View same] [iqdb] [saucenao] [google]
26385111

>>26383871
>the squeeze hasnt even started yet.
I don't think you know the definition of 'started'.

The squeeze hasn't ended, but it most certainly has started.

>> No.26385182
File: 38 KB, 680x379, fnfxgzf8fpr21.jpg [View same] [iqdb] [saucenao] [google]
26385182

Actual photo of Citron Research guy taken today

>> No.26385213

it might seem ludicrous to buy in now, but for real if you don't have any shares, you should. this shit is gonna 2 or 3x within the next month, just as it has in the last month. more shorts than there are shares (even shares owned by retail investors... ffs 60% is held by 10 institutions/holders) it will essentially be name your price at some point if you are able to diamond hand

>> No.26385451

keep buying most guys on reddit calculate GME to hit in the $200 to $400 range

>> No.26385546

>>26385451
HAHAHAHAHAHA this fucking company is NOT worth $15B-$30B. their balance sheet is garbage. they're siphoning money. THEY DON'T SELL ANYTHING!!!!

i'm shorting this thing all the way down.

>> No.26385749

>>26385451
Lol, why?

>> No.26385853

>>26385451
Holding shares and hoping it goes up, but I'm always wary of people doing price predictions.

>> No.26385903

>>26385546
no shit retard, they are gaming the system you absolute dumbass

>>26385749
because all the retards like poster above are trying to short it, but the problem is the institutions that lend out for short selling dont have any of their own shares to lend anymore, because redit keeps buying and holding. this forces the short selling brokers to keep buying shares to cover their shorts google "short squeeze"

>> No.26385952

>>26385853

well i thought for sure it could never be worth $20 when shares were $7 a few months ago. i finally bought in monday at like $41 and look what it is today

>> No.26386012

>>26385111
this isn't squeeze, short interest went UP 2% today

>> No.26386418

>>26385182
They actually put out a statement saying that they will no longer talk about gamestop because of doxing and threats against their family. Lol, what a cope.

>> No.26386635

>>26385903
retard at WSB is doing what Martin Shkreli did - it's glorious

>> No.26386743

>>26386418
He's just mad we're taking his tendies and bankrupting his retarded ass. up 133% as of today. made $36k in 8 hours

>> No.26386846

>>26386743
Many such cases

>> No.26386869

>>26385111
this is a margin call

>> No.26386878

>>26386846
gains a gain

>> No.26386896

>>26384373
That’s what you get for being a paper handed bitch.

>> No.26386905

>>26383225
r/wallstreetbets will pile into BB next

>> No.26386915

>>26383286
people keep shitting on wall street bets but the've made fucking bank AND made the stock exchange their bitch. I'm already up 70% on my initial trades thanks to them its free money at this point. and make me kek how easily the stocks and be manipulated

>> No.26386949

>>26385451
> 200-400
1000, actually

>> No.26387243

>>26386915
This. Everyone on /biz/ is just mad that all there is here is fucking altcoin pump and dumps

>> No.26387432

>>26386915
Its just ingrained in 4chan culture to be blindly antagonistic towards reddit, even if it would benefit them.

>> No.26387566
File: 391 KB, 1500x1000, 1909003912324.png [View same] [iqdb] [saucenao] [google]
26387566

>tfw literally too stupid to understand options trading

ive watched a bunch of videos but it's like the words go in one ear and right out the other

>> No.26387757
File: 1.34 MB, 1305x819, fuckthisguy.png [View same] [iqdb] [saucenao] [google]
26387757

>>26383225
I remember kicking tires at this back when it was around $2. That faggot guy with his YouTube channel, Camelot something or other, scared me off of it tho.

Fuck that guy.

>> No.26387985

>>26385213
Explain pls

>> No.26388010

just buy amc, the gme gains are almost over, hop on the next the next short squeeze

>> No.26388023

>>26387757
the timing and frequency of those videos out of nowhere, like all those "don't buy from them refurbished videos" sometimes puts me into conspiracy territory

>> No.26388052

>>26383225
call or put nigger

>> No.26388060

>>26388010
AMC is a pump and dump based on government funding for a dying industry

>> No.26388089

>>26385048
Call GME 01/15/22 5
So I think it's 5 bucks.

>> No.26388110

>>26388060
it's heavily shorted too though, look it up, it's just like GME a short squeeze X other conditions (liek that dude trying to expand ecomm)

>> No.26388124

>>26387985
fucknig google VW short squeeze, GME is shorted 200% as we speak. shorts will have to buy shares back 2x to get out and they're lost $3billion since january 1st holding their short position

>> No.26388555

>>26388089
hot damn that would've been $301k today.

>> No.26388677

>>26387985
it has to stop eventually though , how can you even call the top, i would just hop on AMC

>> No.26389153

Buying monday at 630

>> No.26389265

>>26384914
Same shit that TSLA rode on to nearly $1900. Peasents' dreams and hopes of building lambos with mansions on the moon.

>> No.26389295

>>26387432
because i can't call people "nigger" and "faggot" on reddit
why would i ever use that piece of shit?

>> No.26389336

>>26389295
You don't need to use it to profit off them.

>> No.26389348

>>26386635
>retard at WSB is doing what Martin Shkreli did
How so

>> No.26389370

>>26388555
You're kidding me? Fuuck.

>> No.26390242

Hahaha this has no way of going down. I'm to be so rich. Thanks retards.

>> No.26390329

>>26383225
>buy the top

>> No.26390818

>>26389348
short squeeze

>> No.26390830

Reddit shilling their bags hard

>> No.26390870

>>26388052
who the fuck knows

>> No.26390966

>>26390830
Should've perused /SMG/ occasionally. Eat a dick.

>> No.26391077

>>26390966
What's /smg/? I don't see it here

>> No.26391111

>>26390966
Go back to plebbit you fucking retard

>> No.26391117

I've been in since September and this thread is a sell signal

>> No.26391281

>Tfw had 50 call options for $7 gme for July 2020

I knew what was up but got the timing wrong, fuck

>> No.26391312

>>26383225
its gonna tank very hard. all stocks will given new taxation proposals

>> No.26391808

>>26383225
a bit late to buy GME and BB don't you say

>> No.26392295

>>26391808
that's why you buy amc

>> No.26392772

>>26391808
No you retard is up 300% in a single day and it has ligteraly only just started.
You are a moron if you pass this up. Any stock price under $80 is guaranteed to net you at least 150% profit.
This isn't speculation on the value of the company, this is autistic redditors litteraly dumping millions of dollars into gamestop stock because they saw that the major gamestop holders tried gambling the stock would go down in value.
So if you hyper inflate the price up buy buying it, you fuck those investors and profit off of their loss.
You arent investing in Gamestop, a company with no real value. You are investing in the transfer of wealth from majority stock holders back into the value of the stock.
Gamestops actual value and how much it holds longterm after this is inconsequential. Although some people do seem to beleive that a portion of this value will hold over long term.

>> No.26393087

>>26388124
>GME is shorted 200% as we speak.
i have down's

how do you find out how much of a stock is shorted, and who shorted it?

thanks in advance

>> No.26393238

>>26392772
You're stupid as fuck. GME is rising for absolutely no reason besides memes and autism, it's going to come down hard and a lot of people are going to get rekt.

>> No.26393258

>>26392772
Literally this. This is free money, I am not trying to troll people to pump it because it is not necessary. It is free money, put $60 into it, fuck, even just watch the ticker if you don't believe - this shit is going to $150 at least within next week

>> No.26393341

>>26392772
this
>>26393087
Iborrowdesk
>>26393238
you're an idiot man, it's easily 200 EOY on fundementals alone. But by all means, enjoy pumping your alt coins for 3% profits

>> No.26393384

>>26383444
This it's already at ATH why would it increase any further? Is there news coming out or is it just le redditors pumping the stock?

>> No.26393443

>>26393341
Kek what fundamentals? Fuck off nobody wants to buy your bags. Gamestop isn't making money.

>> No.26393494

>>26393384
That's exactly what it is, bunch of amateur redditors pumping the stock.

>> No.26393509

>>26393443
gmedd.com
like i dont expect your retarded crypto pumping ass to read shit but this aint over. just watch monday, lol

>> No.26393541

>>26393509
Not touching your link, go back nigger :)

>> No.26393568

>>26393443
U so sure normies aren't gonna drop their incoming neetbux on shitty plastic vr goggles and stupidly long wait time mail order next gen systems? How fucking dumb can one be

>> No.26393610

>>26393541
like I said, I didn't expect you faggot to be able to read - enjoy your gay ass crypto p&d 3% baby gains

>> No.26393619

>>26383225
too risky

>> No.26393620
File: 58 KB, 554x609, wallstreetbests gamestop.png [View same] [iqdb] [saucenao] [google]
26393620

>>26393238
>You're stupid as fuck. GME is rising for absolutely no reason besides memes and autism, it's going to come down hard and a lot of people are going to get rekt.
no it isn't dumb wiggerpoid

reddit autists bought in at 10
now it's 60
that means reddit autists can take 4x off the top and STILL have tons invested for the memes

in fact this happened today, huge selloff at 70 but it hit support at 60 picrel

the price is NEVER going back down to $20 until 2022 at the EARLIEST

your entire family is built for BBC

>> No.26393709

>>26393610
>>26393620
>gme will pump it will pump!
>that's why I'm here shilling my ass off

GO FUCKING BACK. Absolutely nobody is falling for it. The thing about crypto CHADS is we've seen this shit a million times before already, you are going to get fucking dumped on HARD. You're a fucking amateur.

>> No.26393711

I'm not reading this gay thread but GME has been shilled on /smg/ since 2019 and if you don't even have 1 share of it in your portfolio you are dense as fuck. Buy GME you fucking dummies, even if its just lunch money

>> No.26393725
File: 14 KB, 500x590, soypeek.png [View same] [iqdb] [saucenao] [google]
26393725

>>26383225
>le autists
>le tendies
>le fds
>le fellow autists
>epic memes
I gave it a shot a couple years ago but that place is like the HQ of the most cringe cubicle cucks worshipping the handful of richfags posting big figures

>> No.26393753

>>26393709
lets bet then faggot. your retarded Rubic is gonna crash in a week while GME pumps to 400 at least.

>> No.26393780

>>26393753
They'll both crash you fuck

>> No.26393784

>>26385111
it hasn't started, faggot. you're looking down the barrel of the investment opportunity of your lifetime. buy shares monday and don't overthink it.

>> No.26393785

>>26393384
Its a domino reaction.
Short selling has a time limit.
You own $100 in Gamestop, you see gamestop is getting new CEO and say "oh shit, the uncertainty will lower the value of my stock".
You then use options to gamble. You sell your $100 GME stock to me. And promise to buy it back in 1 week.
You gamble that the value will go down to $50 in that week. That way you get the stocks back and get $50 cash.
When I accept that, I am gambling that it goes UP. So in 1 week you are forced to buy back your GME stock from me for $150 instead. So I profit $50.
A bunch of major hedge fund type groups shorted Gamestops stock for various reasons.
These did not all happen at once in a single day.
Over the next couple of days each group will be forced to buy back the stocks they shorted at these inflated prices.
The prices right now are hyper-inflated thanks to whales and the rest of us trying to get in on the action.
But the real magic happens once the investors are forced to buy back the stocks they shorted. Because them buying back millions of stock at these inflated prices FURTHER INFLATES the prices.
So as each group is forced to buy back their stocks, they keep pushing the price back up like a nuclear chain reaction.
That HAS NOT STARTED YET.
The real fun begins Monday.

>> No.26393798
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26393798

>> No.26393831

>>26393780
Well shit, stop crying then. Not my fault you lost your house 3x leveraging BTC like a fucking mouthbreathing retard

>> No.26393843

>>26393725
i filter all the posts out except the dd posts and its decent if you do that. the memes on there are cringe as fuck tho and you cant even call somebody a faggot without getting banned so i only lurk

>> No.26393853

>>26393831
>[autistic screeching]
Go back, pup.

>> No.26393887

>>26393853
ill come back and post my gains and jerk fuck your girlfriend when she leaves your broke ass

>> No.26393928

You retards are falling right into the short trap. There are billionaires shorting the fuck out of the stock selling it to retarded redditors. This will not end well.

>> No.26393962

i done been holding... nigga

>> No.26393981

>>26383225
Lol i bet this retard bought the top and is underwater

>> No.26393980

>>26393785
What do you believe the price will be inflated to?

>> No.26394016

>>26393853
>>26393709
I've screencapped this, i'll come back next week and fuck you in the ass. That a deal?

>> No.26394067

>>26393928
>short trap
andrew left had a breakdown on twitter and the short squeeze hasn't even happened yet

>> No.26394092

>>26393887
The only thing you're going to do is cry to your faggy plebbitors for an hour when you lose your money and then go into a depressive episode for a while, after begging your manager for a second shift at Mcdonalds.

>> No.26394143

>>26393980
$120 is a genuinely safe number.
$150 is probably the peak.
If you bought right now, held until you saw $120 and sold half your position to regain your money, and then played it by ear trying to hit the peak nunbers with the other 30% of your position you will be golden.
I would hold on to 20% of what you invest for longer term wealth gain since it is free anyway.
Anybody talking about anything over $200 is dreaming or just trying to hype it up to get normies on board.

>> No.26394154
File: 6 KB, 830x78, Untitled.png [View same] [iqdb] [saucenao] [google]
26394154

>>26394092
Lol, okay mr I spent all my money on altcoin pump and dump

>> No.26394158

>>26393928
cool story faggot. if we hold the stock (not calls, actual stock) then there is no way for them to buy it from us. this is how we win you absolute faggot.

they will not shake us out. when the short squeeze happens, it will be one of the largest generational wealth transfers in the history of our species. either sit and watch like a faggot or join the party.

>> No.26394173

They will continue to do this on monday, they can squeeze all the new shorts. They've already proven they can, and this is not stopping. Target price is 1000$. This has nothing to do with the company, it's just revenge against boomers. The guy even complained on TV calling for regulation on fucking reddit, this is gold for the memes alone

Just fucking google it if you don't know the story

>> No.26394225

>>26383225
Why the fuck would anyone unironically invest in the next Blockbuster?

>> No.26394235

>>26393928
>There are billionaires shorting the fuck out of the stock
and that's why they are paying the redditors, you absolute fuck

>> No.26394266

>>26394235
What, to loose them 3billion dollars in 3 weeks? sound investment

>> No.26394277

>>26391111
nice digits

>> No.26394290

>>26394266
stay poor, man. there's no helping you

>> No.26394335

>>26394266
because no one is selling the stocks. Price goes up, shorts have to pay. The more they see the number of shorts going up, the more they buy and hold the stocks

>> No.26394351

>>26394266
GME probably will pump like 2-3x more beucase of the short squeeze but fundamentally it is not worth anywhere close to $50 a share. The hard part with these types of investments is selling the top.

>> No.26394365

>>26394290
Hah, fair enough. Go back to yoloing Dogecoin

>> No.26394398

>>26393541
you have made it apparent you have literally no idea about stocks themselves. it’s not fundamentals with the company, it’s fundamentals with the trusts and market makers that tried to short the stock. it’s not difficult to comprehend.

>> No.26394405

>>26394365
Leave Dogecoin out of this!

>> No.26394486
File: 42 KB, 640x640, 1611333294134.jpg [View same] [iqdb] [saucenao] [google]
26394486

This was a short squeeze attack, which forced liquidity into the market. If you didn't use this liquidity to get out of your positions, then I feel bad for you.

>> No.26394489

>>26393709
stay poor faggot

>> No.26394520

>>26394351
It's worth $50 a share based on cohen alone. If he started a new online video game store with no brand recognition/powerup users and shit and ipo'd it it would be worth 5b minimum. The dude turned an online dog food store into a 40 billion dollar company. We're at the start of a new console cycle as well but even if the consoles went 100% digital there's plenty of other gaymer nerd shit they could pivot to and sell with probably higher profit margins. Lots of people based their whole identity on gaymes and nerd shit and it's a bigger market than dog food.

>> No.26394634

>>26387566
If you're just following hyped tickers and not doing complex strategies, just treat options as simply a form of leverage where you won't get liquidated until a specific date. If you want 2 or 3x leverage, buy options dated next year.
If you want 10x or 20x leverage, by options dated this week.
Also, you can get a better deal if you have a target price or range: buy a call at or below your target, then sell a less likely call higher up, a "vertical spread".

>> No.26394674

>>26394266
you make reddit look like actual geniuses

>> No.26394684

>>26394486
i'll get out when it hits 150. until then, fuck off

>> No.26394690

>>26393785
So do i pre buy now or when trade opens?

>> No.26394702

>>26394674
You get it now. congratulations fellow retard

>> No.26394737

Your wasting your time anon. No one on biz likes to make money. They just want to shill shitcoin. Also this place is swarming with glowies. Let’s go back to our home and await Monday with glorious anticipation :)

>> No.26394755

>>26394690
Buy whenever fren. All that matters is you arent a retard that buys in at $160 listening to the "were going to $1,000!" Memers.

>> No.26394990
File: 126 KB, 1125x1141, 7FA1C9AF-1963-44D8-8418-B588976D4656.jpg [View same] [iqdb] [saucenao] [google]
26394990

>>26383225
Sold today

>> No.26395067

>>26394990
/biz/ hates money

>> No.26395104

>>26394520
They're still getting fucked by Amazon though. Gamestop needs to pivot massively and there is quite a big chance that they will fail, especially since they're competing against a trillion dollar company.
Ironically this pump might be the reason why GME might be fairly valued at $50 in the future. This pump will give GME tons of capital, they can do shit like issuing convertible loans or just fire the share printer to make money. The extra money can be reinvested to turn their business around.

>> No.26395166

>>26394684

Based future bagholder

>> No.26395261

>>26395104
Ever used Amazon? Their shit fucking sucks lol

>> No.26395373

Network effect.
It's difficult to convince people to switch websites, just like how its difficult to convince people to switch from btc to ltc or xmr even though ltc and xmr are superior technologically to btc in pretty much every way.

>> No.26395403

>>26395104
Cohen beat amazon at their own game at the dog food shit. They could start a knockoff ebay app for people to trade their used games online and only take like 5% in fees compared to ebay's 12% and make a shit ton of money. There's plenty of shit they could pivot to and they've got the cash reserves and time to do it with being at the start of a new console cycle

>> No.26395452

>>26393785
why monday? why not 2 weeks ago? why not yesterday? why not tuesday? what are you basing monday on

>> No.26395482
File: 815 KB, 1842x948, citronLUL.png [View same] [iqdb] [saucenao] [google]
26395482

The point you seem to miss is exactly that the company is 100% shit with no future, which is why the pump you are seeing right now makes no sense outside of the reddit shilling campaign. They took it on a personal level after this tweet, so they'll just continue holding for the memes at this point. And they'll totally continue to do this on monday. There were super strong short positions when this started (it's literally why it started) and there are even more now. The squeeze has just begun; you are not (only) missing out on same easy gains, you are missing out on something that's happening that is actually funny and made boomers cry about reddit on TV

>> No.26395511

>>26383794
Lol I fell for one of those RuneScape merch scams like 10 years ago. Was super pissed I lost like 10m gp

>> No.26395567

>>26395452
you are kidding, right? did you by any chance look at the charts these days? they do this every day, but the markets are closed on weekend you absolute fucking donkey

oh my fucking god reddit is actually smarter than /biz/ oh fuck oh fuck

>> No.26395574

Fuck I knew I should have registered for Robinhood weeks ago

FUUUUUUCK

>> No.26395601

>>26395403
fair enough, but theres tons of risks. Also many games are now digitally downloadable on steam and you can't resell downloaded games.

>> No.26395652

>>26395482
If you think this is just retarded unemployed redditors you're fucking thick. There are huge whales buying. If you had level 2 access you'd see. Some russian fuck bought $56 million worth today

>> No.26395707

>>26395567
i dont understand why you think monday is going to moon when weve had these same gap ups like clockwork every couple weeks

>> No.26395755

>>26393384
Short squeeze is incoming next week anon. Today was just a margin call

>> No.26395758

>>26395652
today, anon, today, after seeing that the stock was rising. There is NO real reason why this company should not fail, asbolutely no rational reason why a sane person should invest in blockbuster 2.0. The guys that lost a ton on money cuz of their short positions are the first to blame reddit on this

>> No.26395793

>>26395758
circuit breaker triggered 3 times as well. these people will remain poor forever.

>> No.26395833

>>26395758
thesis is bullish with Ryan Cohen at the wheel - he tweeted a peanut and this shit went up 25%. Who gives a shit about the company. This is Tesla 2

>> No.26395850

>literally and unironically fomoing into something that's 100%'d multiple times

Yikes. Buy high, lose your money.

>> No.26395857

Can someone explain to me why the stock has risen so quickly all the sudden?

>> No.26395927

>>26395758
>boomer complaining about muh stock fundamentals
It’s a meme you dip, therein lies it’s power. It is unironic meme magic, a collective will to power. Faggot boomers make me sick

>> No.26395951

>>26395652
>Some russian fuck bought $56 million worth today
Sminem?

>> No.26395960

>>26395793
based. these doubters are dumb as fuck and will be fomo'ing in 2 weeks when it's at 150

>> No.26395973

>>26395857
google: "reddit gamestop citron research"

>> No.26395978

>>26395707
The risk for investors is not linear. As the price continue to increase they will begin to panic and sell faster. Which will increase the price further forcing more investors to panic and sell.
Now that this has gotten so public it is going to pick up steam like crazy. This is going to happen FAST and when it's over its over. I took next week off at work to ensure I can watch every second with my finger on the trigger.

>> No.26395991

>>26395857
800,000k autists using it to punish boomers

>> No.26396003

>>26393785
/biz/tards and reddit thinking they can take on wall street and win

they know not the endless pettiness and wrath of the 1%

>> No.26396087

>/biz/ spends the whole last 6 months trying to get bitcoin to moon
>It refuses to do so even with the tether scam
>All the "profit" comes from scammed retail investors
>Reddit manages 3000% in 2 months
>All the profit comes from assholes in wallstreet

Is crypto even trying?

>> No.26396103

>>26395951
>>26395951
bogs are going to attempt a crash on GME

>> No.26396124

>>26394990
Good for you for not being retarded and falling for Wallstreetcucks bullshit

>> No.26396125

>>26396087
/smg/ has been shilling Gamestop for months now, they’ve made bank

>> No.26396127

>>26395951
no, sergay

>> No.26396128

>>26395857
reddit chose it as /theirstock/ and then proceeded to show up at the kindergarten of the kids of people who shorted, dressed as furries and attempted to rape them

>> No.26396145

>>26396087
>All the profit comes from assholes in wallstreet
i 100% agree that this is the best part. I don't give a shit about gains anymore, i'm buying and holding gme just because it feels right

>> No.26396154
File: 33 KB, 660x425, redit 500.png [View same] [iqdb] [saucenao] [google]
26396154

>>26396087
some redit fag bragging today about his $100,000 he made on $500 worth of calls he bought this morning

>> No.26396172

>>26396003
There will defintly be repercussions. I imagine apps like Robin hood will get hit, or perhaps forums will become regulated.
But there is absolutely nothing they can do. There are no more stocks for them to short. They are stuck at the mercy of the whales in this transaction. The whales are the ones who stand to lose since if one of them falters then it screws the rest. All we have to do is navigate and jump ship as soon as the first or second whale does.

>> No.26396173

GME has been running for 2 weeks and retards on /biz/ still refuse to take their free money, it's amazing really. I admit at this level I'd be a bit scared too but come on, short interest is still ridiculous, and worst case scenario you can turn an early investment into a long term play by averaging down, you'd be really fucking stupid to bet against Ryan Cohen.

>> No.26396220
File: 56 KB, 620x856, 1589521150429.jpg [View same] [iqdb] [saucenao] [google]
26396220

>>26383225
as soon as redditors start selling it's going to be a bloodbath back down to $20

>> No.26396281

>>26383225
Link me to a site that shows the short positions and I’ll consider it.

>> No.26396360

>>26396173
btw I sold most of my shares at $67 and then bought back at $60, I'm still in and will likely buy more at open monday.

>> No.26396382

>>26396172
What do you use to check sells and buys?

>> No.26396402

putting a grand into it monday

>> No.26396404

>>26396154
I wish my peabrain could understand how calls and puts work

>> No.26396415

>>26396173
They're just mad that WSB is getting coverage on Cramer and not /biz/

>> No.26396470

>>26395857
A large number of people on the internet, not just plebbit are all colluding together to buy a stock solely to make a Boomer investor group seethe.

>>26396172
If you're going to play hot potato, then you better pick a number in your head and sell when you reach out. This garbage is going to be dominos falling when it happens

>> No.26396568
File: 99 KB, 1210x649, kuu5eaizszc61.png [View same] [iqdb] [saucenao] [google]
26396568

ill just leave this here, oc.

the squeeze hasn't really happened yet

>> No.26396715

>>26396172
>All we have to do is navigate and jump ship as soon as the first or second whale does.
100%. same as any other pump and dump. don't let yourselves get bogged and set those stop losses

>> No.26396760
File: 116 KB, 1631x1872, 1603728166803.jpg [View same] [iqdb] [saucenao] [google]
26396760

>sent a wire from kraken after banking hours
i won't get it until monday sometime after the markets open

>> No.26397147

>>26396760
base

>> No.26397224

>>26396568
what do you reckon this tops out at during the actual squeeze? im still hodling cause i got in late

>> No.26397239

>>26396404
its really simple, the only reason he made so much was because he bought mostly worthless calls that were expiring today. they were cheap because the probability of them being profitable is almost 0 in a rational market since he bought them the day of expiration and they were so far out the money a stock would have to jump 50% in a single day. well by meme magic that literally happeend and his $5 calls became worth $1,150

>> No.26397259
File: 289 KB, 1338x834, kek1.jpg [View same] [iqdb] [saucenao] [google]
26397259

>>26397224
someone said 1000 and that just sounds fucking crazy

>> No.26397294

>>26396568
why do you even bother putting console launch data on the chart? the ps5 launch has done nothing for gamestop. sony is too retarded to print enough ps5s before release, retailers have no product to sell adn the only people making money off the consoles are scalpers who resell them on ebay

>> No.26397456

>>26384373
who would have bought it though? wouldnt it be ridiculously expensive too, why would they do that? i think im retarded please help

>> No.26397497

>>26383225
I aint touching that shit. Gamestop is going the way of blockbuster. You cannot even buy series x's and ps5 effectively through their store. Fuck them

>> No.26397830

>>26397497
Ding ding ding retard alert
It could be litteraly any stock. The company doesn't matter.
It's like betting on a horse race. We aren't betting for the lame duck horse thinking it has any chance at actually being good in a race. We are betting on it because the mafia just broke the legs of every other horse and the bookies are about to get fucking dunked on

>> No.26398091
File: 139 KB, 1080x2340, all in gme weeklies.png [View same] [iqdb] [saucenao] [google]
26398091

Everyone on Reddit is saying shares but the real money is in options. This isn't me but this is an example of someone who apparently just bought hundreds of super out of the money weeklies.

>> No.26398196

>>26398091
who would buy this though, for example a call at a 35 dollar strike is now super fucking expensive and if i wanted to sell, who would buy that? does the broker exercise and sell it on my behalf if there's no buyer?

>> No.26398222

>>26397830
Lel Enjoy losing your money next week when institutions dump on you faggot

>> No.26398258

>>26383794
>>26395511
based runescape bros. i got scammed early on and immediately became a scammer myself to get my money back. i didn't stop there, though. i was in on literally every type of scam there was.

>> No.26398259

>>26398196
Why the fuck would you buy a $35 strike

>> No.26398291
File: 21 KB, 347x452, help.jpg [View same] [iqdb] [saucenao] [google]
26398291

>>26398259
i bought it last year at 2.64 a contract

>> No.26398350

>Hey let's be retarded
What next, buying into Sears?

>> No.26398368

>>26398291
Shit gains, what's the point?

>> No.26398404
File: 29 KB, 456x444, 1607532993732.jpg [View same] [iqdb] [saucenao] [google]
26398404

>>26398368
you're right whats the point, ill just let them expire

>> No.26398463

>>26398196
The market makers have an obligation to offer the all options prices in the chain because that's their job. But they're not stupid and so they charge 3x to 4x the normal rates so it's a lot harder to make money. The mechanism of which they make money is generally selling options with shitty odds that expire worthless, they exercise the option and make a few pennies, they sell flow data of their customer to market makers like citadel or jane street.

>> No.26398537

>>26398463
in the case with robinhood who eats the rate there, me or robin?

>> No.26398668

>>26398537
Well all brokers are just a middle man. I want to buy stock so I send the info to Robinhood and then they send my order to the market maker. Robinhood only accepts the orders in which they can skim a bunch off the top (if you try to place an order too far below market price it won't fill) which is their cut before they send it off to the market maker so to answer your question Robinhood would probably make the majority of the money but the market maker also charges them a fee to fulfill the order. Robinhood doesn't publicly advertise how much they make on each order because they're easily the worst in terms of price execution and are being sued because of it.

>> No.26398827

>>26398668
huh, well thats good to know. seems like i might get fucked a bit then yeah? even if i set a limit sell order will they fuck with it? appreciate the insight btw

>> No.26398885

I bought at prices from $4 to $25 since getting in on March 2017 and have been following the stock since. Realistically its worth $25-35/share. If Cohen becomes CEO, it could be worth $100-150 but I've assigned a low probability to that. If Sherman stays and they continue on the usual course, you are lucky to get liquidation value and maybe 2-3 years of solid earnings which is about $20-25 of cash flow which you need to discount to ~$15.

I sold all my shares at $54. Sucks to have missed much of the squeeze, but I generally sell when a stock is well above my price target, and I've been down 90% on this stock before.

All in all, people who are buying at $60-76/sh don't really understand what they are getting into. Yes if Cohen sucessfully transforms this into a >70% e-commerce business it could trade for $600+/share. But that has so much execution risk built into it.

If Cohen takes over as CEO and the price is reasonable <$60, I would be willing to buy back in. Until then I'll just continue to sell puts.

>> No.26399269

so whats the play monday?

>> No.26399476

>>26398885
No, you dont understand. Nobody is buying right now for long term holding of the company. It is a pump and dump that is by the book a guaranteed profit assuming you know when to sell and don't get greedy.
Too many boomers here don't get the stock is irrelevant.

>> No.26399502

>>26399269
Buy high sell low. Of course.

>> No.26399523

I asked some crypto experts and they recommended me to join it. But wanna know your opinion about their options and solutions for passive income. Is it worthy?

>> No.26399568

>>26398827
Well, stocks are generally priced pretty close to an avg price but there is some variation of pricing on different brokers. The top tier one is probably Fidelity but they make you pay more in upfront fees for each trade but they have the best prices and best fills so you get what you pay for. Also shit tier brokers like Robinhood have no customer support and don't offer a lot of other features which are considered standard.

Options however are priced based on volatility which changes all the time. Because the volatility of Gamestop went so high they had to actually halt trading using a circuit breaker. The worst time to buy options is when volatility is high because that means you pay 3x to 4x times the regular price and what even worse if you buy at that inflated price and the volatility crashes which means even if the stock price doesn't change, your option value could lose 50-75% of what you paid for it.

Setting a limit order will definitely help you save money but it depends on whether you're buying options or stocks and honestly it probably doesn't matter that much unless you're making a lot of trades.

>> No.26399609

>>26396470
I fucking hate reddit but this sounds pretty based. I would fuck with this if it was $20 still, not enough upside for me anymore. Maybe I'll do a quick option if they're cheap enough

>> No.26399754
File: 62 KB, 396x767, 500 to 120k gme.png [View same] [iqdb] [saucenao] [google]
26399754

>>26399609
Not too late to do options man. An options contract gives you the exposure of 100 shares of stocks so 98 contracts means he had the exposure of 9800 shares of stock which mean if the stock goes up $10 dollars that's $10 x 9800 or $98,000. Since it's user-friendly Robinhood it tells you the price of the contract which is .057 but since it's per share it's x100 since a contract is 100 shares. So he paid about $5.07 x 98 or $497.56 for a total gain at the time of the screenshot of $117,000. Keep in mind this is in 1 day because it was a 0 day contract meaning he bought and sold on the same day. There are people who bought thousands of contracts today like the person in my picture who probably only paid a few thousand at most. Options are probably the fastest way to lose your money but if done correctly you can make unimaginable money in a very short amount of time.

>> No.26399833

>>26399568
>Setting a limit order will definitely help you save money but it depends on whether you're buying options or stocks and honestly it probably doesn't matter that much unless you're making a lot of trades.
huh ok fair, yeah i wont be making a lot of trades, will be leaving to E*Trade once this gme shitstorm makes its run though.
>The worst time to buy options is when volatility is high because that means you pay 3x to 4x times the regular price and what even worse if you buy at that inflated price and the volatility crashes which means even if the stock price doesn't change, your option value could lose 50-75% of what you paid for it.
i remember reading about this, thats why buying after a conference or a crash is best with options. but seems like buying an option on monday seems like a retard's move given the fucking astronomical IV, might settle for shares. or maybe the squeeze will go so high it wont matter.

>> No.26399873

>>26399754
IV will be thru the roof tho, your call is being bet on a high squeeze to the point that it doesnt matter

>> No.26399994

>>26398222
Yeah i dont think these retards realize that someone is always left holding the bag.

>> No.26400088

>>26399754
So they let you just do this shit on robinhood? That's pretty based if so

>> No.26400134

>>26399833
It's always a gamble and you'll have to watch what happens pre-market. While buying in high IV scenarios is risky, if it does end up going another 20-30% you'll still make bank.

What happened today was a gamma squeeze and not technically a short squeeze cause the short interest hasn't moved. When the real short squeeze happens it could go to who knows how high and options are probably safest and most profitable way to play it since the most you can lose is what you paid in premiums. I don't think I would want to buy GME stock at this price considering they don't really make any money and the only reason they had a decent quarter was because of console sales and they closed tons of stores.

>> No.26400200

>>26400088
There are trading levels from 1-4 but any broker lets you do it as long as you're approved for options which is basically just ticking a box saying "I know what options are." Some real brokers like Fidelity make you take a short quiz but in the end they want your money and they make millions off the fees.

>> No.26400395

>>26398196
are you fucking stupid

>> No.26400411

It is not easy to find a good platform with crypto solutions to invest in.

>> No.26400428

>>26393238
>absolutely no reason
this is the exact reason shorters shorted it and are facing massive losses. you dont know anything

>> No.26400522

>>26384537
Today’s numbers? It peaked at noon on a Friday, all of this screams retail. The all time chart is a straight fucking 90 degree angle up, only retail could accomplish something this retarted, it’s completely WSB pump and dumping it doing this.

>> No.26400601
File: 28 KB, 500x483, DBA325BF-00BA-47B0-A66E-F3893BD0F729.jpg [View same] [iqdb] [saucenao] [google]
26400601

>an entire thread in which retarded redditors who dont even understand their own play shill a 400%’d stock to the pajeet infested cryptocucks of /biz/ who also dont understand it
>throw in some equally retarded fudders repeating the same “this is it, the squeeze is over, the company has no future” lines that it was screeching at $41
im crying laughing bros. everyone in this thread is so fucking stupid

>> No.26400647

>>26400522
you are so fucking stupid HAHAHAHAHA

>> No.26400654

>>26400395
yes i am, and i am making it known so i can no longer as stupid.

>>26400134
>I don't think I would want to buy GME stock at this price considering they don't really make any money and the only reason they had a decent quarter was because of console sales and they closed tons of stores.
fuck, you're right. I did make decent on one of my calls that i was able to cash out at the peak today, might throw 2k in on a far OTM weekly to see if i have any more luck left.
>I don't think I would want to buy GME stock at this price considering they don't really make any money and the only reason they had a decent quarter was because of console sales and they closed tons of stores.
idk with ryan cohen it might have some potential but i dont really give a fuck, im out at the squeeze, wherever that is. do you have a stake in GME btw?

>> No.26400661

>>26400601
nobody who's held crypto for more than 2 months even bothers looking at the gamestop chart. I've done a 20x just holding LINK and waiting. soon that will be a 40x and I will retire

>> No.26400740

>>26400661
Thats great for you, i am being sincere. What attracted a lot of people in /smg/ (before reddit ever caught a whiff of it and were still laughing at roaring kitty’s screencap) to GME was how fucking obvious and GUARANTEED a 10x it was from $5. I dont know much about link or crypto, but what i do know is its based a lot on speculation and pumps and dumps a lot and makes bagholders of emotional traders. Well, i was never nervous for one fucking second because of how guaranteed a play this was. This is the exact reason you will see so many asshurt people that missed GME say it’s a PnD, it isn’t real, and that youll lose it all. Im shre the same was said of link as it hit and dropped from $20 the first time. These people are simply fucking dumb

>> No.26400756
File: 76 KB, 657x539, you.png [View same] [iqdb] [saucenao] [google]
26400756

>>26400134
short interest is reported twice a month...how would u know short interest hasnt moved -_-

>> No.26400777

>>26399833
You dont buy an option. You buy shares

>> No.26400809
File: 157 KB, 2870x558, file.png [View same] [iqdb] [saucenao] [google]
26400809

>>26383286

>> No.26400839

>>26400522
yeah dude a million [assuming all of them are in] buyers really tilted the stock market

>> No.26400848

>>26400654
I bought and sold some 0 DTE calls today but that's about as much as I'd go in. Some people on WSB are buying like 500k in stock but I'm looking for more of an asymmetrical trade like the guy who risked 500 bucks to make 120k. In my opinion, the stock is basically a house of cards that could fall at any point if big players decide to sell their shares which would mean tens of thousands of shares entering the float. I figure if I throw a few hundred at cheap contracts each week eventually I'll pick the right week and if not the investment was pretty small. I think eventually there will be a squeeze and it'll probably be soonish because short interest is at like 120% but timing it is impossible.

>> No.26400877
File: 35 KB, 800x450, download.jpg [View same] [iqdb] [saucenao] [google]
26400877

>>26400777
trips of truth and luck, sorry i meant paying the premium of a contract for the right to 100 shares till expiry.

>> No.26400921

>>26400848
i like this game plan, theres a fuck ton of puts expiring next friday might purchase either at the start of this week or friday at 9:30. Monday is on the assumption something happens during the week and friday is me hoping the squeeze happens then.

>> No.26400983

>>26393709
source: my ass

>> No.26401032

>>26400848
I dont think you understand the dynamics at play here. The massive institutional holdings are broken either into
>short sellers borrowing the shares (dont actually own them) who can afford to hold on for far longer than reddit before liquidating their positions for a loss (this is their plan)
>OTHER institutions who actually hold the shares, who can ALSO afford to hold forever, and know they can hold longer than the short sellers, because...
>all it takes is cohen forcing a board vote to recall all outstanding shares for the short sellers to actually get fucked
this “reddit retailers vs. institutions david vs. goliath” narrative is a fairy tale. do not buy what citron or obnoxious overconfident redditors are selling you. there are big boys also on the long side of this trade because they werent lazy retards like the short sellers

>> No.26401067

>>26400756
You're correct in that we don't know the current short interest but the last known report was over 100% and the stock has been shorted for some time now which is why I wouldn't make a big investment. It's worth the risk since the upside is so large if the short interest has stayed the same or increased since short sellers will eventually have to close their positions triggering a squeeze.

>> No.26401206

>>26401032
That is probably closer to the reality but I don't need to see the big picture to buy some cheap weeklies as a lottery ticket and as mentioned above I wouldn't dream of buying shares at any price. The bulk of my money is in blue chip stocks but if I can spend a few hundred a week with a potential to make tens of thousands then why not?

>> No.26401609

>>26401206
Yeah i dont disagree thats a good low risk/high reward strategy for a boat youve already missed. I would not be buying shares at this price. But i just disagree with the perception that it will crumble when institutions sell. That is not going to happen. And if it does, you should wait for it to bottom out and then buy shares, because GME unironically has a bright future

>> No.26401659

>>26401067
And if we all decide to fuck the investors, we make out like bandits. $420.69 im out

>> No.26402110

>>26401609
I wouldn't say I missed it so much as I decided to invest in other things because I still don't really believe in the company. Cohen might have done well with Chewy but even if Gamestop changed their whole business from the ground up, I still can't see what kind of advantage they would have over something like Amazon, Best Buy, or Walmart. If I'm wrong then I'll eat my words but I just can't put my money on them especially at this point since they don't have much to show.

>> No.26402148

>>26402110
>I still can't see what kind of advantage they would have over something like Amazon, Best Buy, or Walmart.
in store experiences. they are pivoting to be a PC cafe/gaming hang out.

>> No.26402253

>>26383286
honestly speaking wsb is pretty based despite being a reddit sub. look at how hard they are making the boomers seethe with their collective autism.

>> No.26402337

>>26402253
based?? Every other post was someone claiming how they put their 2k life savings in with 40 rocketship emojis

>> No.26402850

>>26398291
very nice

>>26400088
yeah based for them. for every screenshot you see of someone turning $500 into $100,000 there are a 200,000 people turning $500 into 0

>> No.26403402

>>26384537
>>26400522
Wsb are just underage retards, plus there are like 20 people with more than $10k to invest on that reddit.

>> No.26403474

>>26383225
>gamestop
>stocks at ATH

um, dHEDGE solves this very bad idea?

>> No.26403571

>>26383286
Fpbp

>> No.26403687

>>26387243
I've been on 4chan for the last 16 fucking years but this board is trash. It literally is nothing but coins. Fuck that shit. I want what WSB is doing.

>> No.26403689

fuckkk i shouldve lurked redit and get into this shit instead of getting rugpulled here

>> No.26404091

>>26402850
There are tons of people who have money on there. I mean the subreddit has like 1m people so you'll see a lot of people who regularly buy 500k in stocks and there was a guy who bought 5m worth of GME. I think the vast majority made their money off the March crash and TSLA as there's something like 15 confirmed millionaires from TSLA alone. Honestly, most of the rich people who made it (bought BTC under 500 or ETH under 20) early on Biz have probably left as all there is here now is Pajeets shilling shitcoin pump and dumps or Chainlink marines.