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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Wall Street Bets (WBS) Short Squeeze (censored) 1
#27173286 - 01/27/21 05:08 PM (3 years, 17 hours ago) |
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Wall Street Bets, a Reddit Forum that found and announced a huge overshort in Gamestop (GME) (140% of shares sold short)and caused people to pile in and await for the shorts to be covered, Just got banned from both Discord and Reddit, in simultaneity. Anyways, I have a small stake in these heavily shorted stocks, GME, AMC, and SPCE, I didn't get BB or NOK, but they were also on the list. Anyone else playing these stocks for the friday squeeze?
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evlyshrooms
willi weilii



Registered: 08/08/19
Posts: 2,272
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: teknix]
#27173332 - 01/27/21 05:49 PM (3 years, 17 hours ago) |
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its back
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geokills
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: teknix]
#27173383 - 01/27/21 06:37 PM (3 years, 16 hours ago) |
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Pretty remarkable the power of the crowd on these trades. As I just posted over in the STOCKS thread:
Quote:
geokills said: The coordinated short/gamme squeezes going down are absolutely nuts, off the charts batty. I haven't yet even participated in them, as I have a real hard time trading these types of moves (especially as I had to be away from my desk for the bulk of the day today), however, I did just pick up a tranche of AMC afterhours at $13. It's a big enough position to sting a little bit if we correct back $3-$5, but if this squeeze works half as well as the GME squeeze did, it'll move the needle. We'll see how it goes...
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Loaded Shaman
Psychophysiologist



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: teknix]
#27173863 - 01/27/21 11:58 PM (3 years, 11 hours ago) |
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That sub is wild.
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  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: teknix]
#27174386 - 01/28/21 11:00 AM (3 years, 3 minutes ago) |
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Yea I never traded stocks until two days ago. Bought some GME with Robinhood two days ago. Tried again today but Robinhood is blocking buying GME. Went to Fidelity, instead, and bought a few more shares.
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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Kryptos
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: lifeiswhatyoumake]
#27174725 - 01/28/21 02:57 PM (2 years, 11 months ago) |
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They might well crash the economy at large to avoid the fallout from their super short.
GME will be the only survivor if they go scorched earth.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,808
Loc: Foreign Lands
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27175116 - 01/28/21 06:54 PM (2 years, 11 months ago) |
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I have some NOK. Supposedly "limited trading" will resume on some retail platforms tomorrow. At least cashapp, robinhood, Sofi, and maybe webull.
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Kryptos
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: ballsalsa]
#27175131 - 01/28/21 07:06 PM (2 years, 11 months ago) |
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NOK seems more like a solid buy and hold. But I do think there will be a correction back down to 4$ first.
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Loaded Shaman
Psychophysiologist



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27175400 - 01/28/21 11:33 PM (2 years, 11 months ago) |
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WSB grew by 1.5 members in a single day, lmao.
This shit is WILD, Shroomies.
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  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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Brian Jones
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos] 1
#27176923 - 01/29/21 07:39 PM (2 years, 11 months ago) |
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Quote:
Kryptos said: They might well crash the economy at large to avoid the fallout from their super short.
GME will be the only survivor if they go scorched earth.
It will be like the movie Idiocracy where they're watering all the crops with Gatorade and the only company is Carl Juniors, except the only company will be GameStop.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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geokills
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Brian Jones]
#27177011 - 01/29/21 08:39 PM (2 years, 11 months ago) |
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Shit, I hope not!
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Primal Matter
Student of Institutions



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: geokills]
#27177135 - 01/29/21 10:41 PM (2 years, 11 months ago) |
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With GME so high now surely now's the time to short on it?
-------------------- Produce FTX referral
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Kryptos
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Primal Matter] 1
#27177205 - 01/29/21 11:29 PM (2 years, 11 months ago) |
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That's what Hedge Funds appear to have done when trading was stopped: Re-shorted to get money back on the way down. It's still something like 120% short, but there was a lot of volume Thursday night.
If the squeeze looks anything like the VW squeeze in 2008, GME could well rise to 35-40k per share.
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Tripsurfer
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27177939 - 01/30/21 12:40 PM (2 years, 11 months ago) |
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VW shares went from $300 to $1000
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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lifeiswhatyoumake
Trance in my sig n blood



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27178066 - 01/30/21 02:11 PM (2 years, 11 months ago) |
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Quote:
Kryptos said: If the squeeze looks anything like the VW squeeze in 2008, GME could well rise to 35-40k per share.
Seriously, what do you think the chances are that GME gets to 35K per share?
--------------------
  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: lifeiswhatyoumake]
#27178075 - 01/30/21 02:22 PM (2 years, 11 months ago) |
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I got GME at 88, figured the hype would ride out then die down because everyone would race to the bottom. So I sold those 5 shares for a measly $250 each. Then I took the profits and bought AMC, GME's lil bro, figured that would run up next. But after that shit they pulled and seeing WSB still standing strong in this, I'm going to back into GME and buy more AMC!
I also have some SPCE, robinhood missed that one in their ban, but it's heavily shorted too, and when these assholes get liquidated, I think it will run up too. Also I like the stock, SPCE train the retards for space shot to the moon! HEHEHE!
https://ibb.co/mBHJgj7
Edited by teknix (01/30/21 02:41 PM)
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: lifeiswhatyoumake]
#27178088 - 01/30/21 02:33 PM (2 years, 11 months ago) |
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Quote:
lifeiswhatyoumake said:
Quote:
Kryptos said: If the squeeze looks anything like the VW squeeze in 2008, GME could well rise to 35-40k per share.
Seriously, what do you think the chances are that GME gets to 35K per share?
Depends if they can be greedier than the greediest motherfuckers on this planet. Which actually would make them less greedy, interestingly enough. They could technically hold the stock forever and bankrupt everyone involved. How are you supposed to buy 120% of 100%? Short interest will continue to accrue and they will continue to have to liquidate other positions to cover the losses. The stocks we are in, they can't liquidate, because they are short on them, lol, the have -shares, which is why market is going DOWN DOWN DOWN!
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Kryptos
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: teknix]
#27178097 - 01/30/21 02:39 PM (2 years, 11 months ago) |
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Yup. Right now, it's a game of chicken between self proclaimed "reddit retards" and Hedge Funds.
If the reddit retards hold out, then we could be seeing five figure GME prices next week.
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27178112 - 01/30/21 02:49 PM (2 years, 11 months ago) |
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They probably hurried and moved a bunch of money to bitcoin on friday to start their escape plan, lol.
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Tripsurfer
Bring Back Asante!



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27178115 - 01/30/21 02:51 PM (2 years, 11 months ago) |
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I think I will buy just one GME share monday, for the fun of it
I put some money in NAKD but that didnt work out as I hoped
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Tripsurfer] 1
#27178128 - 01/30/21 03:04 PM (2 years, 11 months ago) |
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I have seen some reports that the hedge funds have lost 70 billion dollars with this recent madness
https://finance.yahoo.com/news/losses-short-positions-u-firms-134105387.html
Hilarious
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ManianFH
living in perverty



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: sh4d0ws]
#27178165 - 01/30/21 03:45 PM (2 years, 11 months ago) |
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https://www.kitco.com/news/2021-01-29/Can-silver-be-short-squeezed-to-1-000-Peter-Hug.html
Plans to short-squeeze silver to never before seen prices circulated on Reddit.
Silver has seen price action to the upside yesterday as a result, with silver stocks climbing in response.
Ultimately, pushing silver up to $1,000 an ounce is a practically, near-impossible thing to do, said Peter Hug, Global Trading Director of Kitco Metals.
“[Reddit users] indicated they were trying to short-squeeze silver. Much more difficult to do [than with GameStop] because here we’re talking about the big, big global banks involved in the market and the metals will trade on supply and demand fundamentals, albeit there is tightness in the market in investment products for silver. The larger 1,000 ounce bars have ample supply available…so there is no shortage of big bars on the market,” Hug said.
Market fundamentals are still on silver’s side on a medium to longer term perspective, and even after yesterday’s push up, the silver price is still undervalued at these levels, Hug said.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Kryptos
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: ManianFH]
#27178298 - 01/30/21 05:59 PM (2 years, 11 months ago) |
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The silver thing seems interesting, but I don't fully trust the theory that circulated on reddit. Short squeezing silver requires (a) government stockpiles to be low, which I'm not certain is true, and (b) requesting physical delivery, which I figure is a lot easier to "delay".
If I make money off GME, I'll toss some profits at it. Otherwise, it's not worth a paycheck.
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Brian Jones
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27178414 - 01/30/21 07:28 PM (2 years, 11 months ago) |
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A lot of hedge funds were already in the dumps from making big bets on Freddy Mac and Fannie Mae mortgage instruments. Trump's Secretary of the Treasury, Steven Munchin, a former hedge fund manager, was advocating privatizing Freddy and Fannie which would have made them more profitable. With the Republicans gone that idea goes out the window, and the managers are left holding the bag.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Pastywhyte
Say hello to my little friend



Registered: 09/15/12
Posts: 37,808
Loc: Canada
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Brian Jones]
#27179081 - 01/31/21 09:27 AM (2 years, 11 months ago) |
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I believe most of the physical silver in the world right now is held by jpm, who historically have been short silver (ETF’s) while accumulating somewhere between 3200-6200 tons of physical. They seem to have stopped their short (around November I think) and appear to be reversing to long. Either way I bought a pile of physical in March when it crashed and I’m pretty happy where it sits today. But if the WSB group wants to squeeze the already hurting shorts (and I think there is lots left to squeeze there based on fundamentals) I can only laugh. Most of my early purchases have already gained a lot of value and my later ones are doing fine as a store.
IMO Silver has been grossly undervalued since Kodak killed the film industry, (which is when JPM started to horde it IIRC) but from a fundamental side has historically had a lot more to offer than just using it up in film.
Maybe I’m way off but I’m happy with my purchases and it would need to fall a long way for me to regret it. It may be volatile but if you buy the floor one doesn’t need to sell the top to be happy.
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,808
Loc: Foreign Lands
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Pastywhyte]
#27179099 - 01/31/21 09:35 AM (2 years, 11 months ago) |
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I bought some SVM in case silver takes off. I've liked them for years
--------------------
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mndfreeze 
Shroomery Secret Service




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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: ballsalsa]
#27179226 - 01/31/21 11:01 AM (2 years, 11 months ago) |
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I bought a little chunk of silver bars years ago when we still had an active gold/silver thread going in here. I think I bought in at 15 or 16 bucks/oz. Don't really remember anymore as they just stay locked up in a mini safe for an emergency or whatever.
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
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Pastywhyte
Say hello to my little friend



Registered: 09/15/12
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: mndfreeze]
#27179242 - 01/31/21 11:12 AM (2 years, 11 months ago) |
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Bars at $15 - $16 toz would have been a good buy at most times in the last 20 years IMO and still a good buy today.
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mndfreeze 
Shroomery Secret Service




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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Pastywhyte]
#27179267 - 01/31/21 11:34 AM (2 years, 11 months ago) |
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Yeah. Silver is overall pretty stable and gains seem to be fairly small. I only bought a small amount to tuck away, nothing worth suddenly selling unless some catastrophe hits or it somehow hits 50/oz or something crazy, which I don't forsee anytime soon if even in my lifetime lol.
-------------------- Nothing says love like grannies prolapsed anus! quote]Urb said: I know... Its fucked up... Ill fix it minyana..[/quote]
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Pastywhyte
Say hello to my little friend



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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: mndfreeze]
#27179378 - 01/31/21 12:45 PM (2 years, 11 months ago) |
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The stability and gains or losses are greatly exacerbated by the volume of units you’re dealing with. As a trading vehicle silver is super volatile, but as a store of value it’s actually underperformed relative to its fundamentals. While some people argue that gold is suppressed and manipulated, compared to the historical ratio of silver to gold (which largely doesn’t account for its industrial use today) of 30:1, the 70:1 or whatever it’s at now indicates a fair bit of room to move. I wouldn’t want to trade silver but as a store or hedge it’s pretty decent for poor folk like myself.
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Kryptos
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Pastywhyte]
#27179433 - 01/31/21 01:23 PM (2 years, 11 months ago) |
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Just found out that Citadel is the fifth largest holder of SLV in the world.
Wonder if the "silver squeeze" was planned as a way to bounce back?
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Pastywhyte
Say hello to my little friend



Registered: 09/15/12
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos]
#27179455 - 01/31/21 01:41 PM (2 years, 11 months ago) |
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Quote:
Kryptos said: Just found out that Citadel is the fifth largest holder of SLV in the world.
Wonder if the "silver squeeze" was planned as a way to bounce back?
That would be pretty ingenious actually
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Kryptos] 1
#27179968 - 01/31/21 08:42 PM (2 years, 11 months ago) |
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Quote:
Kryptos said: Just found out that Citadel is the fifth largest holder of SLV in the world.
Wonder if the "silver squeeze" was planned as a way to bounce back?
The silver squeeze is bc these people know they can manipulate COMEX more than they can the stock market. They've been fined hundreds of millons of dollars for doing it and nobody ever goes to jail, so why should they stop. It's a perfect distraction to suck people's $GME out of the market to cover their shorts.
Not sure about you guys but I got diamond hands.
This is power to the people. It's finally happening, haha!
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Adden

Registered: 06/04/03
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: mndfreeze]
#27179981 - 01/31/21 08:52 PM (2 years, 11 months ago) |
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Quote:
Kryptos said: They might well crash the economy at large to avoid the fallout from their super short.
GME will be the only survivor if they go scorched earth.
Good.
They've fixed the prices of precious metals so badly that we skipped bartering silver for food and went straight to ammo.
Quote:
mndfreeze said: Yeah. Silver is overall pretty stable and gains seem to be fairly small. I only bought a small amount to tuck away, nothing worth suddenly selling unless some catastrophe hits or it somehow hits 50/oz or something crazy, which I don't forsee anytime soon if even in my lifetime lol.
Never say never. There's 1.6T paper silver and only 3 billion real silver on the planet. So when it crashes, it's gonna crash hard. We've seen physical increasing over the past year even as SLV and GLD get fixed. There have been mass shortages in a plague and economic recession with inflation through the roof from bailouts, and the price isn't moving? You gotta be kidding me. It's like every silver holder's wet dream x3 for a SHTF event, and nobody is wondering why it's not sky high?
We had all of the world's gold trading every single day for months. I'm pretty sure they just keep doubling down and doubling down and being arrogant Boomers about the whole thing, thereby making all of this so much worse.
PF70 $1 American Silver Eagles in some series were already $100+ half a year ago; all the burnished are so rare now, old holders are adding +10-20% premiums, there's absolute STEALS on gold every day. I've been pulling in a lot of +$300 profit buys, and for someone without a gold/silver storefront, that's a lot. Usually it's all very thin profit margins.
I'm 99% sure this is what will finally expose these people and bring them down. A lot of the banks and fixers are getting death threats on twitter (love it!). Though, I do fear this will tank the economy, but that's not reddit's fault or the fault of the investors.
Simply put, Melvin got caught with their hand in the cookie jar and are being spanked. Fuckem.
The level of manipulation in media has completely eroded whatever sliver of trust I had for these organizations.
The past 72h have been a wild ride and tbh, I don't think we are going back to the way things were. There's lots of people talking armed revolt against banks and hedge funds, or how much they lost in 2008 when these cocksuckers cost everyone their homes.
I say let it burn. The system clearly is not working, and has not worked, for some time. We don't need a fix to the system because those don't work either.. So, we need a new system.
At the end of the day I'd miss my initial investment in $GME, sure. But I'd be honored to be caught holding the bag if it meant these motherfuckers had to pay more. You have no idea how delightful all of this is. They took everything from us in 2008. They can rot in hell.
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teknix
𓂀⟁𓅢𓍝𓅃𓊰𓉡 𓁼𓆗⨻



Registered: 09/16/08
Posts: 11,953
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Adden]
#27180203 - 02/01/21 02:27 AM (2 years, 11 months ago) |
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Guys, I have a bunch of silver coins and stuff I use to trade on shroomery for stuff sometimes, but honestly, the hype shit is just to help Citadel imo, the 5th largest hold of the SLV etf, (and the one scamming GME shares) there is a lot of misinformation being circulated by these dopes through the media and even on the WSB forums , even shills on youtube. It might go up, I dunno and won't pretend to know what will happen, but I do know it is helping Citadel in the long run.
37 million call options: https://fintel.io/so/us/slv/citadel-advisors-llc
These same guys that Bailed out Melvin and have an obvious vested interest in GME going down.
I would benefit from the price going up and all, but I wouldn't personally be buying em right now.
AMC is the GME baby bro.
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Pastywhyte
Say hello to my little friend



Registered: 09/15/12
Posts: 37,808
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: teknix]
#27180453 - 02/01/21 07:54 AM (2 years, 11 months ago) |
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Yeah I wouldn’t buy silver right now either...buy when it’s in the toilet, not when it’s in the news. Right now I’m just watching my stack double in value but that’s it.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Pastywhyte]
#27180479 - 02/01/21 08:19 AM (2 years, 11 months ago) |
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Agree. The SLV trade is not a good trade right here (unless you're dishing some of your stash out into the strength).
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ballsalsa
Universally Loathed and Reviled



Registered: 03/11/15
Posts: 20,808
Loc: Foreign Lands
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: geokills]
#27180708 - 02/01/21 10:40 AM (2 years, 11 months ago) |
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That seems to be the consensus but I like SVM anyway.
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Grimsweeper
don't fear the sweeper


Registered: 01/29/18
Posts: 4,843
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: ballsalsa]
#27180910 - 02/01/21 12:07 PM (2 years, 11 months ago) |
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Asante
Mage


Registered: 02/06/02
Posts: 86,794
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Re: Wall Street Bets (WBS) Short Squeeze (censored) [Re: Pastywhyte] 1
#27182580 - 02/02/21 10:15 AM (2 years, 11 months ago) |
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Quote:
Pastywhyte said: Yeah I wouldn’t buy silver right now either...
If you see Asante selling a precious metal, you might want to reexamine your position in them. I hold onto precious metals like a neutron star
-------------------- Omnicyclion.org higher knowledge starts here
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encryptor


Registered: 05/15/03
Posts: 1,154
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Re: Wall Street Bets (WSB) Short Squeeze (censored) *DELETED* *DELETED* [Re: Asante]
#27185189 - 02/03/21 08:32 PM (2 years, 11 months ago) |
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Post deleted by encryptor
Reason for deletion: Delete
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Dephect




Registered: 08/10/07
Posts: 1,779
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: encryptor]
#27189425 - 02/06/21 10:05 AM (2 years, 11 months ago) |
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How many of you are still holding or got out before the whole fiasco? Just curious.
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Dephect]
#27189465 - 02/06/21 10:34 AM (2 years, 11 months ago) |
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I traded (minimally) some of the momentum in GME and AMC using common shares, as by the time I took note, options were far too expensive, and my holding periods were all < 1 day. All trades exited profitably between 10-25%. Not bad for a day trade, but these were high risk and therefore small position trades, so really just for shits and giggles.
I definitely wasn't trying to embody the ethos of the trade (i.e. stick it to the man/hedge fund/whatever), although I got a kick out of that aspect of it, and I definitely didn't expect much from the trades because I know better than to bet the farm on something so exceptionally volatile, particularly in the midst of brokerage based outages, trading halts and a moving target of trading restrictions.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Dephect]
#27189835 - 02/06/21 02:22 PM (2 years, 11 months ago) |
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Im holding a few shares of GME, some positions are actually in the green
I have a lot more $NAKD stock that is way down
My first ever shares so Im keeping them as a reminder of my greed and stupidity. I will only sell at profit or ride them into the ground
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Kryptos
Stranger

Registered: 11/01/14
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Tripsurfer]
#27192119 - 02/07/21 03:38 PM (2 years, 11 months ago) |
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I bought relatively high (around 80) and sold at the absolute bottom of one of the later dips (around 60). Lost ~25%.
C'est la vie.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Kryptos]
#27193776 - 02/08/21 01:34 PM (2 years, 11 months ago) |
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Appears I will be riding them into the ground
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Dephect]
#27193838 - 02/08/21 02:14 PM (2 years, 11 months ago) |
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Quote:
Dephect said: How many of you are still holding or got out before the whole fiasco? Just curious.
I'm still holding my 6.3 shares of GME. Bought 4.3 of them around $290, the last two I bought around $150. In hindsight I should have sold when it reached in upper $300s, but oh well, I was fooled by the hype, I guess? Or were I and many others cheated out of a lot more money? I was using Robinhood and then they blocked my buying of GME. Still feels like I got cheated, TBH.
These are the first shares of any stock I've ever bought. Quite an interesting introduction to stock trading lol.
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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Pastywhyte
Say hello to my little friend



Registered: 09/15/12
Posts: 37,808
Loc: Canada
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: lifeiswhatyoumake] 1
#27194276 - 02/08/21 07:30 PM (2 years, 11 months ago) |
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My first stocks were a gold miner...it shot up like crazy but I got distracted by life and almost held on too long. Didn’t take a loss but my profit was smaller than it should have been. Good learning experience.
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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Pastywhyte]
#27224367 - 02/24/21 04:29 PM (2 years, 10 months ago) |
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In an interesting turn of events, GME is going up again. It's at $160:
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Pastywhyte]
#27224370 - 02/24/21 04:30 PM (2 years, 10 months ago) |
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Quote:
Pastywhyte said: My first stocks were a gold miner...it shot up like crazy but I got distracted by life and almost held on too long. Didn’t take a loss but my profit was smaller than it should have been. Good learning experience.
Assuming GME short squeezes again to the same level it did last time I will not be missing my chance to sell my 6.3 shares this time around!
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: lifeiswhatyoumake]
#27225106 - 02/25/21 12:45 AM (2 years, 10 months ago) |
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What price did you buy in at? Might wanna just exit as soon as you're in the green, fuck trying to make a profit. I bet it will slam back down just as hard, but who knows. The market is completely irrational and maybe redditors switched to better brokers by now who won't limit their buys
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: sh4d0ws] 1
#27225121 - 02/25/21 01:10 AM (2 years, 10 months ago) |
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Im getting rid of my shares at market opening. If it keeps at current levels I will make some money.
MUST...FIGHT...GREED...
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: sh4d0ws]
#27226178 - 02/25/21 03:57 PM (2 years, 10 months ago) |
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Quote:
sh4d0ws said: What price did you buy in at? Might wanna just exit as soon as you're in the green, fuck trying to make a profit. I bet it will slam back down just as hard, but who knows. The market is completely irrational and maybe redditors switched to better brokers by now who won't limit their buys 
My average share price is about $250. I want to sell about half my shares when the price hits around $430 so I make back my initial investment; the rest of my shares I would hold in hopes of the once-in-a-lifetime short squeeze... yea i think a bunch of people have switched away from the bad brokers since the fiasco last month.
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Tripsurfer] 1
#27244620 - 03/09/21 08:25 AM (2 years, 10 months ago) |
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Quote:
Tripsurfer said: Im getting rid of my shares at market opening. If it keeps at current levels I will make some money.
MUST...FIGHT...GREED... 
I hope you didn't sell because GME is up to 238 now:
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: lifeiswhatyoumake]
#27245167 - 03/09/21 02:36 PM (2 years, 10 months ago) |
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Yeah I sold at $160 or something
Not falling for this again
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
Last seen: 1 minute, 13 seconds
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Tripsurfer]
#27246438 - 03/10/21 10:09 AM (2 years, 10 months ago) |
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I feel ya... it's a bit stressful. But I am now in the green with my GME investment. Planning to sell some soon. Now GME is at $345!!!!!!
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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pureshrooming
feels like a stranger


Registered: 05/28/18
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: lifeiswhatyoumake]
#27247337 - 03/10/21 09:06 PM (2 years, 10 months ago) |
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I've been holding 5 shares for the novelty for a bit. Luckily I can cash out pretty any time for some gains but I want to see where this goes!
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: pureshrooming]
#27247481 - 03/11/21 12:11 AM (2 years, 10 months ago) |
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I think it will drop back down just like before, you guys should sell before you're left holding the bag.
Maybe in the future a radical changeover to ecommerce could make GME this valuable but it's unlikely IMO. I think it's hype and if you hold the stock you should cash in.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: sh4d0ws]
#27247503 - 03/11/21 12:44 AM (2 years, 10 months ago) |
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I think everybody who bought at the previous high dropped it like a stone yesterday
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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extreme


Registered: 04/05/11
Posts: 9,340
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: Tripsurfer]
#27247558 - 03/11/21 02:58 AM (2 years, 10 months ago) |
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For the past number of weeks I've been sorta looking into this specific investment... I used to know basically nothing about stocks and trading, and I still do mostly, but I learned about a couple things. Like the 140% borrowed shares when only 100% should be able to be borrowed creating the situation we have where they have to basically pay back more than they should have ever been able to borrow in the first place, so at some point (any idea when this will be....????) the hedge fund people WILL need to pay back their borrowed shares, which is why people have gotten on the GME train because they assumed GME would basically go out of business but instead purely because they borrowed more than they could afford to pay back, people are buying into GME just because it's inevitable that they'll need to pay it back. The day(?) or week or whenever they need to pay back their shares (they=hedge fund borrowers), that is the "squeeze" right? Is it too late to get in on this? I kinda wish I'd have bought in at 40 or whatever a few weeks ago but I just don't understand when they'll have to pay back their borrowed shares, or if they can just keep like, postponing it for so long that people give up and sell their shares 6 months from now cuz it's like they never need to pay it back. Then when GME is worth $10 a share, then they'll randomly pay their borrowed shares back...
Do I more or less have that right? Is the squeeze still in the future, and is it true that they HAVE TO pay it back at some point? Will it all happen at once, or within a week, or could it be a slow squeeze that happens over months where they just pay back bits at a time when GME drops low? I'm pretty sure I'm not supposed to ask for financial advice in terms of "tell me, should I invest here or no?" But if anyone can help me understand if there are still tons of borrowed shares that are REQUIRED to be paid back, and they haven't yet, so it's nearly inevitable that the stock will continue to go up until the squeeze happens, then I can make the decision myself. This whole thing has just seemed to drag out for a while at this point and I don't get when this proverbial "squeeze" is supposed to happen, if ever 
Thanks to anyone who can help clarify anything I'd appreciate it.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: extreme]
#27247588 - 03/11/21 03:53 AM (2 years, 10 months ago) |
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I think you have the gist of it. Hard to give precise answer though
I sure as hell cant as it appears the big players can bend the rules of the game
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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lifeiswhatyoumake
Trance in my sig n blood



Registered: 09/30/11
Posts: 16,711
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: extreme]
#27247839 - 03/11/21 08:46 AM (2 years, 10 months ago) |
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@Extreme,
I believe you explained the situation correctly. I only first-ever got involved with stocks during end of this past January due to the GME hype, so I'm far from a stock expert, FYI. It seems that the hedgefunds who shorted GME 140% do have the capability to keep paying fees (postponing the squeeze, basically) to the SEC or whoever to allow the date they have to pay the shorted shares back by to be moved back... this could last forever, I don't see why it can't because from what I've gathered the SEC is a shady organization and they might have reason to not allow the squeeze to be squoze... so, I think they won't allow the big squeeze to happen that would inevitably happen if we had a stock system that actually obeyed the laws.
However, some Congress-people know of all of this and they might do something that forces the SEC to obey the law and force the hedgefunds to pay up their 140% shorts. Who knows?
It might be too late to join the GME bandwagon, it might not be. I think it's a really fun opportunity that won't come again for a whole lifetime. There's a chance for big money.
My advice is: only put money in stocks that you can afford to lose.
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  I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ;   
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