/biz/ - Business & Finance

ok where to buy

>>22307975
kk

So you are telling me just buy their shares straight up and hold for a big return ?

seems legit

>>22307975
You're telling me to buy calls?

So you are saying to buy 10M of their stock on leverage?

>>22307975
Based

so you're telling me to buy 100k?

>>22307975
What's the uniswap link?

So should i buy the stock or calls?
And what would be a positive catalyst

I might unironically dump my entire life's worth into this. Fuck it.

>>22308430
hey, the math works out doesn't it? We're basically just robbing the retard short sellers blind. And the funniest shit is that the more people jump in, the higher the price goes, and shorts have to start covering their shorts, price goes up more, and so on.

>https://moxreports.com/kbio-infinity-squeeze/
>The KBIO infinity squeeze is most memorable for retail trader Joe Campbell who launched a GoFundMe campaign to help pay for his personal trading losses which he suffered as a result of having a fairly small short position in KBIO. Not only did the $37,000 in his E-trade account go to zero, but Campbell was left owing E-trade an additional $106,000 in addition.

funniest shit ever and I can't believe i'm going to 10x for once so easily.

>>22308613
put it in RSR instead and hold for year.

>>22307975
its gone up20-25% in a week. keep your bags

stock or calls

>>22308607
the start of a new console cycle soon, Gamestop after corona just started a gaming boon, and the fact that Ryan Cohen just bought almost 10% of Gamestop shares last week.
Borrowing rate fees have been increasing very fast every day too (no more shares left to short) so Q2 doesn't even need to do well, price just needs to go sideways and the pressure is on the shorts to cover.

it's so fucking easy. I'm 100% GME, but not options though since the shares are cheap as fuck already and i cant say for sure the squeeze will happen before October. Unless you want to pay the premium for 2021 calls.

>>22307975
>>22308705

forgot pic

Fuck it, I'm buying some calls and betting the last 3k I have on my RobinHood account on this absolute shitstock

Earnings on 9th.

Go back to wallstreetbets faggot

>>22308748
I believe the most up-to-date S3 data should be closer to 100%. The yahoo one is definitely wrong, it's not THAT crazy but yeah i'm pretty sure short sellers have been shorting the same stocks that someone else shorted to them which is why the short % has gone to this crazy number.

>>22308306
https://robinhood.com/

>>22307975
it looks like every other coin right now

>>22308827
fuck you retard, i dont redditfags to get rich

>>22307975
brainlet here OP can you dumb it down for me

So you're saying I need to shave my balls for a Frenchman?

What’s the white paper like?

>>22309095
Many people are shorting Gamestop
If the price goes up even a few percent in a day a short squeeze will happen which will probably shoot the price up 20+% almost instantly

>>22309095
google short squeeze
or read what happened with Volkswagen or KBIO
https://moxreports.com/vw-infinity-squeeze/
https://moxreports.com/kbio-infinity-squeeze/

>>22307975
It just made a massive pump OP. I think we missed it.

>>22309230
That can't be it right?

>>22309218
doesnt Michael Burry have a sizable chunk of shares?

>>22307975
Not buying your stonk bags, Gramps

>>22309230
those were people joining in on the Ryan Cohen hype and not short sellers covering. Short interest is still high as fuck. Shit like Kodak happened with much less short %. Another example like APRN happened with less short % too. This might only be the 2nd time in history that a stock has been shorted around 100%.
if you're too pussy to take a relatively low risk and high reward gamble, then you better fucking tell me you're not in crypto.

We're not the only ones figuring out what's going on with Gamestop. This was green on fucking Thursday when the market was taking a huge dump. Other people are seeing that the short interest is still high and primed for an anal ravaging. Whales don't want to be too blatant about it since im pretty sure market manipulation is illegal.

>>22309547
If it actually does happen when would you expect it? Before the end of the year?

>>22309547
hey bruv,

so i just saw the short ratio in days closer to 15 days, bascially the higher the number better right?

when do you know its time to sell? the ratio's are fucked and there is 55 mil outstanding, so when do i know its time to get rid of it?

How high will it rise? How much time would we have to sell?

bamp

How do I do this from Canada :( I only have 5k to fuck with

>>22309531
yes and he just decreased his shares to under 5% back in May so he doesn't have to do anymore SEC filings for every movement he makes. He's clearly in this just for the (big short) squeeze. He's the one who was pushing Gamestop to do share buybacks in the first place in 2019. what a fucking chad vulture

i wish i could tell how he's timing the peak of the short squeeze.

I'll probably lose my money again but I'm with you op.

>>22309623
I've noticed that it's usually better to sell late than too early, you'll have at least a week after the peak to still cash out at a massive upside. I'm basing this from looking at the patterns of other short squeezes. When volume starts slowing down (seems to be around day 3 but who knows), that seems to be the peak. APRN pic related, and people who bought before the squeeze had a whole month to exit at a stable ~$12.

i expect you all to report back Wednesday afterhours (conference call is at 5PM), good or bad news. We either win or cry together.
don't fucking use leverage to buy GME or don't use options if you're not confident on expiry because who the fuck can tell if the squeeze happens this week or closer to PS5/Xbox X release.

>>22309547
Dear sir,
What's your estimate for the timeline of this? If I buy later this week, is that too late? When can I expect it to shoot up?

>>22309623
and lemme tell you i have no idea how to time the peak either but eh the first hurdle is getting the squeeze to start.
Like will this even follow a similar pattern as Kodak or APRN when the short % is much fucking higher?
What I'm going to do is set stop losses in maybe five chunks (some following more closely and greedily) after the first day of the squeeze and I'll adjust throughout the day.
call in sick if you have to.

>>22309794
i'm doing this in my TFSA. You might not have time to do Norbert's gambit, just eat the exchange rate fee to buy GME directly with maple dollars.

>>22309794
>Open account on wealth simple or questrade
>deposit monies
>wait 3-4 /biz/ness days
>can trade now
>buy GME
>...
>??
>profit?

alright ill play 100 shares. gamestop owes me for all those years they fucked my tender boy ass

What you say makes sense and I would buy calls expiring january plus also stock for pure speculation.

However I dont see gamestop being valuable much less with corona. I can buy consoles directly from amazon, and I can buy and download the games withour ever stepping into gamestore. What could possibly happen to trigger the move to the upside? Their days are numbered

>>22309931
can you archive this thread and start a new thread Wedneday?

>>22310051
see >>22309218
sure it is worth $0 maybe but in the short term it could spike to force short sellers to cover. Then, it will bleed back down

>>22309941
I'm hoping for a good catalyst with Q2 earnings. Wednesday 5PM.
If that doesn't work out the next catalysts are the double console release, Q3 earnings, and Q4 earnings at the latest.

frankly if you do your DD on gamestop it's actually not a bad company to long since they're still a company that's reported 6 billion in revenue this year so far and the fact that it's worth only 500 million market cap because of how heavily shorted it was

>>22310067
honestly if i forget to, a good chunk of the /smg/ thread is going to be talking about it Wednesday for sure.
I only made a separate thread to shill to crypto retards just because it's fun to share the risk and gamble with more retards.

>>22310139
>>22310164

Thx for baking, I’ll throw some fun money at it tomoz

>>22310051
if you wanna talk fundamentals then corona was a good thing for Gamestop.
It's allowed them to de-densify their stores easier since they've been overextended since last decade.
Their balance sheet is fine and they have more cash than debt right now. They finally sold their stupid corporate jet this year. CARES act will have them recovered a fuck ton of money in paid taxes because it will let them take carry over losses from 2018-2020 *FIVE YEARS* back to their golden age times.
A new console cycle means more than more hardware sales. New hardware isn't where gamestop gets their money, it's the customer returning for all the other shit like games and accessories. Don't forget the fact that PS5 and XboxX are backwards compatible this time too, and aren't underpowered pieces of shit that are outperformed by budget PCs at the same price (you try building a budget PC that matches its specs) since they're being sold at a loss. Idiot console-only players don't care that they can't pirate games.

If the short squeeze doesn't work out, they're still worth more than $7 especially now that you have Ryan Cohen in the mix, the dude who set up a large scale fulfillment center for his pet food ecommerce from scratch with Amazon in the game.

i'm only in it for the short squeeze though, but the fundamentals on Gamestop assures me that my downside isn't anything crazy like Gamestop going bankruptcy this year or the next.

>>22307975
ok faggot just threw $300 at it because the /smg thread made me some money before

>>22310139
> reported 6 billion in revenue this year so far and the fact that it's worth only 500 million
Wait, are you serious? its P:E is 0.166666?

>>22310326
No, fuck it. I can't even math. ITS P:E IS 0.083333?????

THAT'S 12000X LOWER THAN TSLA

>>22310292
Appreciate the answer. How do you into fundamentals? Im gonna pay attention to what it does tomorrow unless it starts running up with no brakes I think its gonna at the very least test the mid 6s for support

>>22310346
not PE ratio since they're not making a profit right now due to corona, and in 2019, it was a bad year since last console cycle was especially long and people were less eager to buy vidya shit at the end of a console cycle (Switch saved their ass a bit though).

But yes their price-to-sales ratio is 0.1 right now, so if they were valued like bestbuy, gamestop would be "fairly" valued at $50. That's a value trap though and you don't do that shit (it's like buyng Intel because it's PE ratio is soo "low" when their fundamentals are shit), but that changes thanks to Ryan Cohen potentially helping turn Gamestop around as an activist or something more involved.

>>22310386
This guy has some of the nicest DD out there right now, and his first article (which unfortunately is paywalled now) was before the initial +40% spike from Ryan Cohen joining in the fun. That said, this was a situation that was building up for more than a year, it was gonna happen eventually but there was no point holding GME while the rest of the market is mooning until momentum becomes more certain (which is now thanks to Ryan Cohen).
>https://seekingalpha.com/article/4371893-gamestop-short-squeeze-part-ii
>https://seekingalpha.com/article/4372597-gamestop-short-squeeze-part-iii-atop-caldera

>>22307975
>calls based biz men ratards
>doesn't realize Ethereum, Chainlink, Polkadot, Kleros, etc. is the foundation for Web 3.0 and IR 4.0
guess who is the retard here

Does Robin hood kyc?

>>22310590
all online trading platforms do

>>22310607
stock trading*

>>22310440
So should I just buy gamestop shares and sit on them / watch the charts? Even with this short squeeze thing I can see them making profits later on once coronas done and the console shit kicks in

>>22310561
>claims he is not retard
hmm i dunno, is pic related a man or woman

KYC will not do. Can I help and profit another way?

>>22310669
I'm doing that since the shares are cheap enough and it's hard to say if options are still worth it this late to the game (maybe if you bought before Ryan Cohen) with the 100% potential downside, like how can we be sure the squeeze happens before Oct, and 2021 calls are pricey. And frankly i don't know my greek enough to know which strike/expiry is the most efficient.

>>22310700
>KYC
is that some weird shit where you pay someone to help invest for you? eh that's too bad man.

>>22310744
Jan 2021 15c calls are still x30 potential

Surely the people that have short positions are aware of what you speak? Why would they not be getting out now? Are you fucking us over?

>>22310763
KYC=Know Your Client
They ask you a series of questions to find out your knowledge level of investing, net worth, and identification
>>22310700
give $$ to a friend/family member and get them to open an account and buy GME. Anything short of that you can't profit.

>>22310346
The market can stay irrational longer than you can stay solvent

>>22310774
the truth is ive been slacking off mailing an application to my broker to activate options in my TFSA and it's too fucking late for me aaaaaaaaaaaaaaaaaa so I can only buy shares instead.

but yeah that would be the 2021 call I'd pick if I was gonna risk a a couple $K in calls, rest would be in shares. That's one of the calls that the DD article recommended too

>>22310799
it's a coinflip gamble. Verify the DD yourself if you're not certain because you should never just blindly follow some random pick from some anon.
short sellers are also doing a coinflip hoping Q2 will be shit so they can cover at breakeven or whatever. But given what is happened so far, how fundamentally undervalued GME is already at these prices, and that the expectations that GME has to beat are already so low, who do you think has better odds?

And which side has unlimited downside?

>>22307975
So how bad of an idea is it to buy, for example, GME $30 strike January calls? Is there a liquidity issue in that if you try selling them during the squeeze, literally no one will be retarded enough to buy, or what is the issue here? Would a $20 or $15 strike be a better idea? I have experience with options, but nothing like trying to play a squeeze in this way.

>>22310799
>>22310926
and what's more importance is what guidance Gamestop gives for the upcoming Christmas season given the corona shit.

look you got all night and premarket to do your DD yourself. I've already posted links and they have sources to their data.

>>22310943
i don't know my greek but this guy has already done the DD for you in the seekingalpha article

I just called gamestop's and they dont have Battletoads wtf

>>22311151
maybe that's what trumps anouncement is tomorrow morning. uh oh

>>22311022
thanks for the good thread. questrade is being niggerish and taking forever to cancel one of my old (unfilled) orders but I'm gonna be in GME for ~100 shares tomorrow morning. post more like this in the future

I can only buy max 100 shares. Is it even worth it? Not going to risk call options or whatever, because that's just way over my head.

>>22311476
Seconding this.
Am dumb.

Hope I don't get scammed like I did on uniswap

>>22311151
There's a name I haven't heard in a while

>>22311516
it's fucking gamestop at the start of a new console cycle with hints of a reversal with better management.
unlike shitcoins, your downside is much smaller and this is one of the few gambles in the stock market where the upside might be as big as a shitcoin (without the risk).

read into the DD yourself before you commit any money. Unlike other pump and dumps, this is the situation where the more people pumping it the more likely it forces a short squeeze. The short sellers will pay for your lambo.

im done tonight, im already 100% in GME

>>22311476
>>22311499
yes its worth it. Especially if its in a tax free account. Dont risk your rent money tho

>>22310871
>mailing an application
>mailing
Why aren't you doing this online?

>>22311970
because scotiabank is fucking stupid

So how much do you think it can short squeeze assuming it does happen?

Xbox series S has no disc drive and $299 i’m scared

>>22312322
Why?

>>22312440
Everyone who's going to buy it will buy it on Amazon anyway, even people that usually bother with gamestop, because they're now afraid to catch the Chinese cooties.