How’s the stock market?

CutnSnip

Phil Edwards status
Sep 11, 2018
5,854
6,185
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Probably dropping in on you, California
WallStreetBets (WSB) is now 2m members strong. And they just fcked up some Hedge funds by causing a huge short squeeze on GME stock. SEC is now looking at WSB, but they have always treaded carefully and don't allow organized pump and dumps. But when someone posts a particular stock outlook, the crowd knows what to do now. :roflmao:
made some money on GME 2 weeks ago when I saw WSB lighting it up.
 

VonMeister

Duke status
Apr 26, 2013
20,251
6,977
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JOE BIDENS RAPE FINGER
I just sold CVX after it popped 20% and bought MSFT which I'm going to stay long on. I may get back into CVX. Good company with solid leadership.

I loaded up Apple last week. Tommorow we will see.

NFLX has been very good to me in 2020 and so far in 2021 but I think I'm done buying here.

I'm long Amazon and Facebook. 70% of my money is in Amazon and Netflix.
 
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VonMeister

Duke status
Apr 26, 2013
20,251
6,977
113
JOE BIDENS RAPE FINGER
made some money on GME 2 weeks ago when I saw WSB lighting it up.
What the fan boys did was make the short sellers very rich. It's usually the very wealthy that are in short positions because it takes liquidity and nails to get through it. These guys will short it to the top and make bank while the fan boys are crushed on the way back down. To add insult to injury and cash to the shorts pockets, GME isn't going to be able to raise money now and will be stuck with ATM stock sales for cash. No one is going to buy GME trading at a multiple now because it is now poison.
 
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JBerry

Billy Hamilton status
Dec 8, 2017
1,602
872
113
gme :foreheadslap:
i remember looking at it back when it was like $7-9/per. never could have seen this sh!t coming....
what is going on!!!!lol
 

CutnSnip

Phil Edwards status
Sep 11, 2018
5,854
6,185
113
Probably dropping in on you, California
What the fan boys did was make the short sellers very rich. It's usually the very wealthy that are in short positions because it takes liquidity and nails to get through it. These guys will short it to the top and make bank while the fan boys are crushed on the way back down. To add insult to injury and cash to the shorts pockets, GME isn't going to be able to raise money now and will be stuck with ATM stock sales for cash. No one is going to buy GME trading at a multiple now because it is now poison.
already got in and got out. profited.
 
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Phi1

Phil Edwards status
May 21, 2002
6,938
3,428
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Hell Cajon, Ca
They’re on to AMC Theaters now. :oops:


92430E93-13C7-45D2-BA12-0AC0626E52BB.png




Targeting stocks that are heavily shorted, meanwhile, makes it possible to orchestrate short squeezes. When a heavily shorted stock jumps in price — because, say, a crowd of individual investors all decide to buy at once — short sellers that can’t take the pain start buying back shares to cut their losses. (In Wall Street parlance, they cover their short.) That drives the price higher, which in turn inflicts more pain on those short sellers who are still in, and so on.
 
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grapedrink

Duke status
May 21, 2011
26,166
14,953
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A Beach
They’re on to AMC Theaters now. :oops:


View attachment 104349




Targeting stocks that are heavily shorted, meanwhile, makes it possible to orchestrate short squeezes. When a heavily shorted stock jumps in price — because, say, a crowd of individual investors all decide to buy at once — short sellers that can’t take the pain start buying back shares to cut their losses. (In Wall Street parlance, they cover their short.) That drives the price higher, which in turn inflicts more pain on those short sellers who are still in, and so on.
Yeah, they can have that one :drowning:
 

VonMeister

Duke status
Apr 26, 2013
20,251
6,977
113
JOE BIDENS RAPE FINGER
They’re on to AMC Theaters now. :oops:


View attachment 104349




Targeting stocks that are heavily shorted, meanwhile, makes it possible to orchestrate short squeezes. When a heavily shorted stock jumps in price — because, say, a crowd of individual investors all decide to buy at once — short sellers that can’t take the pain start buying back shares to cut their losses. (In Wall Street parlance, they cover their short.) That drives the price higher, which in turn inflicts more pain on those short sellers who are still in, and so on.
In real life the shorts keep increasing their short position and wait out the bubble. The shorts are going to make a killing once the fanboys move on to the next.