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GME is a ticking timebomb at this point.
If you're not in by now, I'd say it's probably too late. People can only hold for so long and even though people are claiming that they're holding till Friday, I have no doubt we're gonna see people liquidate en masse tomorrow.
The stock might go up to $500.00, but at some point somebody is going to be left holding the fucking bag.
You can still jump in on a lil' throwaway amount and LARP as a day trader lmao
You get used to it. Every bit coin price update thread hurts a little less
Wow, just checked BTC. 25k damn. I was buying and selling at aroung the 4k-6k mar, gave up on BTC back then and decided to forget about it. Fuck haha
Not too late to get in on Dogecoin.
I've got 150,000 of the fuckers.
Make me rich!
Haha. Yeah, thought you might have been using a different currency.
So this is what they mean by trickle down
He noticed the potential of a short squeeze and bet that GameStop wasn't completely dead because of the new consoles launch.
So he bought 50k worth of shares in 2019...That worth 43 millions today.
btw, he is NOT selling
He noticed the potential of a short squeeze and bet that GameStop wasn't completely dead because of the new consoles launch.
So he bought 50k worth of shares in 2019...That worth 43 millions today.
btw, he is NOT selling
To be fair, he sold a bit of his april call options (Which makes sense, the odds of this staying that high 2 months from now are near nothing), but he's kept all his stock, yeah.
Amc will continue to fall as people get scared and pull out after hours. It doesn't have the support of GME. Hopefully it stays around the same level by the morning
He is now. Sold 300 to the tune of 5-6 million. He originally started back in June 2019 at 50K.
The dude sold enough of his calls to net $13mil liquid. Even if he misses the apex of the bubble he's set for life.
Not just 1 life, but that person's grandchildren is set for lives.
If you want to have some fun just put in something like $30 and enjoy the memes. But be prepared to lose them. I'd say it's late to profit from $GME, but who knows.
No, don't, people are saying to bail before Friday. I dunno about the whole trading situation now.
You'd be able to live off the interest alone most years with that kind of money. Put half of it in an index fund, and it'll double within 10 years.
Thank you. I wasn't sure so I figured I had to ask. Seems like it would've been fun to jump in on earlier.
Tomorrow is the big day. I wanted so bad to enter, but from where I live it's no possible...
But if you never touched stocks before, you won't have the guts to hold steady, so I would advise against.
As someone who's been completely lost on this whole thing, would this be a decent analogy?
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I just hope that person doesn't get enticed too much with money. I know an old adage saying, too much money can change a person.
What are the dangers of that $30 netting you a huge loss at the end of this all? Possible or impossible (because the lending amount is manageably low)?
The most you can lose is $30. And that's only if the stock goes to 0. Assuming you're using your own money and not margin.
So basically if I've put my own money into the service I'm good? 👌
I knew I wasn't the only one that loved donkey Kong 64
that really does explain it haha
None. If you just buy shares (a fraction even) you can just lose as much as you put in. You won't get your 30 back, maybe you could sell for 3 let's say.
For you to actually lose money, more than the 30 you put in, you'd have to short it and the price of the share price to go up for example.
Yup. Then your only risk is staving off a gambling addiction and not letting yourself put in more money than you can afford to lose.
Pretty much, yeah. Add in to this analogy that the person on the other side of that contract can force K Rool to buy the bananas immediately if that person sees the price getting uncomfortably high, so K Rool can't just wait for the price of bananas to go back down, he would have to pay out.
The one correction is that Cranky doesn't buy the bananas at a higher price, he just buys them all at market price because he knows K. Rool is legally bound to buy all of them. Now that Cranky owns the entire stock of bananas he can extort K. Rool for whatever price he sets.
It's kind of flawed still though because in reality a whole group of people are buying the bananas, each with their own idea of what a proper price is, but that's generally what's happening.
The Streisand Effect on this could be amazing
Shutting down a chat room or message board will just make people create new ones.
Shutting down a chat room or message board will just make people create new ones.
Looks like the wsb discord sever was hijacked not banned
Yeah.. there's all the talk about the people vs the corporate giants.. and while that might be a valid thing to some extent.. a lot of "robinhoodies" are going to lose their hard earned money in the end.
