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Stock Market Era |OT2| Taking SPY private at $420. Funding secured.
- Thread starter Sheepinator
- Start date
- OT
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it is not going to at all lol market cap would be something stupid then
Which screws the shorts.
I've avoided gme. Just picked up 5 for a laugh now as my broker was still selling it.
But GameStop isn't based on anything.
None of these are based on anything.
The drive is people are ducking pissed they are being blocked from trading meme stocks
game is the one with the huge short interest being nailed to wall, others are shorted but the feeling is there isn't enough to spread out so the focus should be on game.
I imagine NAKD isn't going anywhere since they've banned discussion of it on Reddit (due to it being under 1B cap)?
Should've sold at $3 :(
Should've sold at $3 :(
Hm? Gamestop has a bunch of short orders coming in due tomorrow. That's why this all started
It's far from that level, both on shorts and meme status. Not an advice (I'm neither an expert), but it might be worth it at the right price. Yesterday closed at 20, so it's bound to go up sooner or later.
GME is based on the single most fundamental thing there is.
Supply and Demand.
Hedge funds made a huge fing mistake and oversold the stock with promises to buy the stock back at a later date.
There is a fire in the building and shareholders control the only door out.
A lot of these aren't going anywhere because nobody can buy, they can only sell.
I moved all my memes into AAPL this morning. NOK kept me green. Didn't want to spend another day on my phone...
Probably better to stay where you are. If I understand what other people have said here, they issued 44 million new shares, which helps fight the short that is going on making it a lot less likely to rise in value like Gamestop has done. Plus now that a lot of brokerages are blocking purchase, it makes it harder for people to get on board.
The good news is if you got in at a low point like $4 on Tuesday, you can still hold the stock long term and hope the pandemic subsides and people start going to movies again.
Put a bunch into SNDL, it appears to be the stock everyone is flocking too with the fuckery of other stocks. Fuck it.
Thank god I got out of AMC at the 15 I did. I didn't trust robinhood not to completely break down and leave me with the bag
User Banned (3 Days): Hostility
Shut. Up. About. Fundamentals. Nerds.
We got big dicks. Full hearts. Two functioning brain cells. And fat wads of cash.
and that's all we need right now.
Mod edit: Reverted post to its original version
We got big dicks. Full hearts. Two functioning brain cells. And fat wads of cash.
and that's all we need right now.
Mod edit: Reverted post to its original version
Last edited by a moderator:
Gamestop is very much based on something. Escalating interest and demand that far exceeds supply.
There's way too many outstanding shares for SNDL, not nearly enough short pressure. If anything it already was overpriced even before it got run up. If you don't intend to hold on forever, this isn't the ride you want to be on.
Robinhood is blocking SNDL purchases as well now...did it really get memed like NAKD did?
I actually though SNDL would be a good purchase and long term hold...
I actually though SNDL would be a good purchase and long term hold...
MORE THAN HALF of robinhood users own gamestop???
Whaaaat?
Is that not fucking bananas?
It's actually my long term hold. But I'll quickly sell if it reaches my target price.
Exactly. People are chasing meme stocks, but GME actually has a good fundamental reason to push it this high. The others? Eh.
(edit: beaten)
Same here, except I'm still stuck in BB at $20.77, may hold that one though as I think it may be a legit good company, though it's making up more of my total portfolio than I'd prefer.
SNDL (and all weed stocks) are dangerous picks because the cannabis market still hasn't settled on who is going to be the kingmaker. Tons of producers, not nearly enough buyers. Companies either consolidating or going bankrupt. SNDL was on that path and they might not be out of the woods yet.
Its almost like buying into pharmaceuticals. You're gambling on who gets to be picked as the winner.
Its almost like buying into pharmaceuticals. You're gambling on who gets to be picked as the winner.
Yeah, I wanted to get some shares while it was low and hold onto it for a while thinking it would be a good one to do so with. I'm pretty disappointed I can't get any now, I'm not trying to meme it or anything so I feel cheated lol
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