/biz/ - Business & Finance

It'll be over 1k in a week JUST HOLD

>>27319564
We already did hit 500 on Friday. If they didn't manipulate the markets AGAIN we would have gone to 1000.
Today is either gonna be insane or we'll see more market manipulation, but now reddit should have all different kinds of Brokers.

it'll be 225$ within five minutes of market open lmao

>>27319742
There will be a drop I think billionaire's gonna ask every other major person they know to sell but Reddit retards won't sell It'll hover then get much higher

Idk

lmao baby numbers. This bitch can hit $10,000

>>27319564
Dumping at 500 because I’m not too greedy
You know what they say
>Twice the pride, double the fall

>>27319564
It literally depends on whether or not the normies have access to their newly minted brokerage accounts on Monday. if they don’t, the stock will be driven down and positions closed around 100. If they do, it will rise after the 10AM dip to 400 all day then dip back to 350. Tuesday is when it starts to pick up momentum and I predict 500+ closes. 1K is doable this week so long as normies have diamond hands and don’t fuck up.

>>27319564
I have a limit order at 750. I'm guessing the vast majority of people have it set at 1000 and a lot of people (me included) are going try and leave them holding the bag.

I'm also using money I don't really care about losing on my position.

I think even if Melvin has their shorts closed consumers don't believe them and will continue speculating because they're married to the idea of an "infinite money gamma squeeze glitch." I think this enthusiasm alone is enough to push the stock to at least $500 for FOMO.

If I cared more about making money than gambling I'd probably set my limit order to $450.

>>27320434
>It literally depends on whether or not the normies have access to their newly minted brokerage accounts on Monday.

This too. A ton of people who got fucked by Robinhood and other brokers are going to be switching brokers with no buy limits.

The vast majority I've seen are looking for brokers with the most immediate way to fund their accounts as well.

>>27319564
I bought 20 at around 270 on Thursday and have a limit sell at 400. ~50% gain is good enough for me, and it's not worth being left a bag holder.

Literally no one fucking knows, but theres going to be a lot of boomers FOMOing and millennials that moved off of Robinhood.
Tomorrow might be the greenest day in months, or the reddest.

Sup playas, poor Nokiafag here.
Don't forget me when your billionaires throw a little guy a bone who got shafted by the banksters in 08.

>>27320371
Fuark

>>27320371
tell that to deep value, who turned 50k into 50 million

>>27320371
Not telling you what to do, but after the blatant lies and market manipulation you want to let them go with 500? It's a lot of money but why sell all and not keep a few shares and see how far they run?
I know I'm running this fucker to the ground nö matter what

>>27322600
DFV got in at $5 when GME was penny-stock status, you're an idiot if you're using him as an example to hold on to the stock forever when it's now at $300.

I've a question, since rh sell my data will putting an unusual sell limit fuck with their algorithm?

>>27323192
No dumbass. You are a droplet in an ocean.

>>27319564
We almost hit 500 a week ago right before they deployed the cheapo bots. If they give up on using bots I expect it to hit 1k by 4pm if the paper hand's listened to their greed instead of their fear.

>>27323280
Jesus fucking Christ you people are fucking retarded or trolling. As someone who got in at $290, you are absolutely insane if you think it can reach $1000 in a single day. $1000 is something that will be achieved (highly unlikely) if this bubble keeps up for weeks.

>>27323435
nah as someone who got in at 20 it 100% could have happened already with no jewish tricks. literally every day i was waking up +77%, 100%, 200%, fucking going insane and then elon musk tweeted it and then +40% in after hours.

it literally would have hit 2000 without jews and im not kidding

>>27323104
He's literally STILL holding you retarded FUD nigger shut the fuck up and go suck off hedgie cocks you circumcised baby vampire

>>27322699

>>27323435
Considering how many people are going to be buying in, the international cult mantra of "hold or die" that has taken hold, the fact that it was rising even with the bots running at max capacity, and the fact that this had two days to build up order forms and get even more normies on board shows just how likely it is to hit 1k in one day. You must've been unconscious every time they dropped it to 200 and froze it to try scaring people just to unfreeze it and have it rocket up by $100 in the span of 40 seconds. The price reached 500 even when it was artificially fucked with, now imagine what it'd reach if it was natural?

>>27322699
Because the difference between holding 4 chuck e cheese tokens and being able to cash out 1.5M from a stock that is way overvalued aren't really comparable

>>27319564
Considering the shorts covered... Probably $100

>>27319564
guys
check the weather tomorrow

>>27323721
Shut the fuck up you lying piece of shit jew

>>27323516
you're right, friday morning had the makings of a gamma squeeze that got shut down not 2 minutes in. By the time the halt ended the ladder attacks began and kept up through the entire day dipping mid afternoon until an hour before close when sheer force of numbers and will kept it above $320. After hours saw little movement when the hedgies saw the writing on the wall, gave up and went home.

>>27320371
Godspeed milanon.

>>27323516
You do realize it's Jews fucking up that got it in $300, and whether you like it or not, Jews make up a huge portion of people holding right now?
>>27323612
He cashed out a part of his portfolio and is holding the rest WHILE HE GOT IN AT $5 you inbred weapons grade autistic retard. If GME drops to $50 as people are expecting when the bubble bursts, he's still rich. If GME somehow dropped to $5 back he's still fucking rich because he already cashed out a part. The dude is holding out partly for greed, partly for fame at this point and using him as comparison for the average person here makes you insaley fucking retarded. Off yourself unironically.
>>27323651
The price fucking dropped and reached highs again because OTHER INSTITUTIONS are now getting to make money from the news and hype. You are unimaginably fucking stupid if you honestly think everything was achieved by retail investors alone.
GME is going to head to $500 and make new resistances/battlegrounds. You're fucking stupid if you're confident it will reach $1000 IN ONE SINGLE DAY.

Pre-market opens in less than 2 hours, I'm betting it will be trading at $130. The squeeze has been squoze, you're all bag holder.

>>27323612
He cashed in like 15M worth of calls already you absolute retard. Of course he's holding the rest, he's already set for life.

>>27320896
you're literally a jew in disguise. Hope you enjoy your internship giving circumcisions while the rest of the world is working to bring down the isreali sorcerers and your trying to sabotage it

>>27319564
Quick reminder the limitations of brokers to hold GME sale etc expired the 31st.

>>27324310
What's the implication?

>>27320896
Im gonna look at teslas pre market price and set my limit to that. After this I wanna swap them for tesla and hold those till my retirement.

>>27324032
I'm going to post this when you get your asshole widened tomorrow by GME.

>>27324348
If Melvin caves it should be around market open. Brokers cant afford to do another ban wave on purchasing GME. They'll try to get normies to hold the bags at the end of the day.

>>27319564
Fucking over Melvin is the new normie hotness. Thing is, how many other Hedge Funds were following in Melvins footsteps, because until GME playing the "short forever" game meant easy money. Thurs/Friday saw stocks lightly red, likely longs getting closed by HF's to either reduce their risk should things truly explode, or to free up cash to again reduce liabilities should shorts get called in. I really don't know how to simplify this more, but:
> Stock back-end could have lots of counterfeit shares ( see: http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html))
> Options increase leverage at the cost of risk, many options could be backed by said counterfeit shares
> No limits on naked shorts. Melvin was VERY choosy about their partners, to the point other short funds appeared which literally just followed Melvin.
Retail may have bought up most if not all of the "real" shares, which means not only the moon for share prices but the moon for shares which aren't supposed to exist (but do for complicated reasons), unleashing an utter shitstorm onto the markets of liability. Not only do billions of shorts evaporate, but you'd then have billions of liabilities as well... on shares that don't exist, but were leant out as well. Options being DA WAE for WSB types and HF's alike only increases liability further, meaning we have a counterparty risk implosion being possible.

Not only does Melvin get fucked, everyone does as the market crashes due to liquidity issues, and the revelation of EXTREME corruption and a loss of market trust as the news gets out. Boomer's 401k's; Biden's "economy", the works. We cant money print out of it like 2008 because the pandemic already cost a good 10T+. If it really is that bad they'll print money anyway, but hyperinflation would be inevitable.

>>27323612
he got out sirs

what he has left is options which are free for him and some stonks left over

he's got like 30 million in cash out already

it doesnt matter to him anymore he's reached his target by like 10,000% and for the last 10 days just trying to avoid getting sued for unsolicited financial advice and market manipulation (both bullshit but can still wreck him if they make an example)

also he got in like 2 years ago, 99.999% of everyone else is NOT value investing.

you have to treat it like swing trading, which means know when to get out

>>27324661
Sure buddy. You do realize if the stock somehow goes to $1000 you posting a screencap on this board is going to do NOTHING to me right? If GME gets to $1000 I'm literally going to be a half-a-millionaire.

>>27323808

Check the newest numbers from S3. Short interest is now at 58% https://isthesqueezesquoze.com/

They covered on Friday slowly.

>Hedge funds sowing doubt in short positions with strategical constant gaslighting from media, twitter and reddit astroturfing
>Backed all the way up the chain to the fucking FED
>Swing traders thinking the "smart" move is contrarian swing trading on the pump and dump
>Poor faggots with no will power cashing out and buying switches and trucks when they make a few thousand (Seriously check reddit, these are your diamond hands)

I have no stake in this I'm 90% in precious metals right now. But this is futile. Lambs to the slaughter for anyone buying in tomorrow / friday. If there are any poorfags thinking this is your moonshot, please take this honest advice and sit on the sidelines for this one, you can enjoy the spectacle, don't hamstring yourself like this.

>>27324700
Why would they be bagholding at the end though if it gets pumped from the restrictions dropping?

I saw this shit on wsb where this guy thinks that funds have been making counterfeit shares because in total they own more shares than have been issued by Gamestop. Is he right or is he double counting shares that are on the books of two companies at once or something?

https://www.reddit.com/r/wallstreetbets/comments/l9jbc5/listen_to_me_we_cannot_trust_the_short_interest/

>>27320896
mine is set at 600 because i want to leave you holding the bag

>>27324805
The volume on Friday did not reflect shorts covering anywhere near enough.

>>27319832
SO BUY?

>>27322600
>Check'd

If the pre-market price is under $200 has the squeeze ended? Only 90 minutes left to wait.

>>27320371
Stay poor

>>27324793
Good point, now that he's already taken some profits he'd probably be more comfortable losing some more potential millions than dumping and becoming a target for market manipulation charges

What makes you guys think premarket will be down? Every day has been up and nothing's changed. If anything the situation has only gotten better.

>>27325067
no, premarket has way less volume, also its going to swing like crazy in both directions before the squeeze happens
it's up a decent amount right now in germany btw

Finally got an account up and running in time for tomorrow, is it worth buying in at 300 if I'm a leaf? assuming exchange fee is gonna fuck me since I can't buy GME anywhere else than wall street

>>27324700
The last thing they want is to push the price up even more. Boomers and latecoomers will want to buy in on GME after their friends talked all weekend. If they turn buying limits off the price moons, and suddenly melvin and co go bankrupt. They wouldn't have the NPC media heads talking about how "melvin sold" unless they saw paying them off as cheaper than paying debts.
This whole "fuck shorters" idea is also mimetically carrying over to other stocks and market segments. Silver is being played up, so is AMC and the like. Some of this is organic, some of it's PnD schemes by the hedge funds capitalizing on the mania. Be very careful.
>>27324927
The whole idea of counterfeit shares makes a lot of sense, but since none of the info is public (convenient), how long can they keep the game going given the money lost already? I too read that WSB post, and it's part of the reason I think we have a counterparty risk bomb ticking in the market right now.

>>27324964
So they are lying then? These are same people that everyone has been quoting for numbers. And now that they aren't publishing the numbers you want suddenly they are wrong?

>>27324251
Wahhhh don't take profit

>>27325138
Whether the premarket is up or down depends on if institutions want to cash out. Likely, it won't be down considering there are probably a ton of them that got in at at the $200 range and want to ride the hype train for higher grounds.

>>27322600
DFV cashed out 13 million he most likely doesn't care where this goes.

>>27325268
Account with who? RH? If so they may limit you to one or two only just fyi. I say go for it. Be a part of history.

>>27325138
This. Nobody could dump over the weekend, the general narrative hasn’t changed, more people are aware of what’s going on now and love it. The zeitgeist of this situation has not shifted remotely. Anybody saying oh gamma squeeze is over so price will drop massively as MMs de-hedge their positions is wrong and probably a shill because they don’t realize it’s just a massive feedback loop. Yes, MMs will offload some shares, but this will be immediately counteracted by people buying calls because of the seemingly cheap price, thus forcing MMs to buy shares again. The gamma squeeze doesn’t stop because weeklies expired, in fact it perpetuates it. The gamma squeeze obviously and necessarily leads to furthering of the general short squeeze. GME may be down pre-market or it may be up, but immediately at the open it will rocket again. Market mechanics allow for nothing else.

>>27325443
>Account with who? RH?
Questrade, leaf broker. Planning on sticking to Toronto Stock Exchange buys after this GME stuff shakes out. Maybe pick up some more stable long term stuff and keep it long enough to get some dividends. Tempted to kick off my account by jumping into this GME mess though to see if I generate a little to play with.

>>27325338
Honestly hooknose, what's even your end goal here? Okay fine, I'm clearly wrong, so short me :)

>>27320371
I may as well. Reading up on historical short squeezes, I don't think the conditions are there. 1000 doesn't seem realistic to me but 500-600 on hype alone is a possibility. If this was the hedge fund apocalypse everybody thinks it is, nyse would probably just freeze the stock before it got out of control.

>>27325787
>I don't think the conditions are there.
What conditions? Please show me a comparable squeeze in recent modern history. You can’t, because there isn’t one. You realize singular shares will have to exchange multiple times for each short to be covered right?

>>27325787
as a counter point,
most shorted stock in history
voltzwagon went up to almost 1000
majority of normies are not using robinhood but one of the many other brokers that have unrestricted gme trading

>>27325991
Exactly right. While a loud group on the internet uses Robinhood, I’d wager the relative amount of capital flowing through them into GME shares now is relatively small compared to what is was a month ago. No doubt the squeeze has caught the eye of bigger fish using more sophisticated platforms. I’d bet the vast majority of people opening long positions in GME on Robinhood at this point have only a couple hundred dollars to risk anyways.

>>27325787
It might not matter, depending on the HF situation. I'd wager 80/20 that the WSB and normies are in it for "the movement" and won't sell no matter what. For them to "win" GME needs to be like $2000. Obviously some will cash out and sell, but don't underestimate dumb. There's also the issue of copycats, both retail traders and wealthy alike trying this with other stonks, or silver like is starting to be hyped up now.
>>27325991
VW had 12% short float. I'm not sure this one is comparable.

>>27325936
>>27325991
WV had 6% liquidity. Most of their shares were held by Porsche and the German government, and both were holding for corporate control, not for profit.

I'm not saying a squeeze is impossible. There certainly aren't enough case studies to build a predictive model. If the week goes how I think it will go, I'll probably just sell for a reasonable profit and keep a couple shares for the unlikely moon landing, just to say I was a part of it, but I'm not holding my breath.

>>27326574
>WSB and normies are in it for "the movement"
The only people who are in it for the "movement" are people who have such low stakes and numbers they don't matter. You're really naïve if you don't think the WSB mods and faggots aren't hyping these stocks up while they're trading themselves to become rich.

>>27325757
>Everything I don't like is because of Jews.

Try looking in a mirror.

>>27327079
>this. So much this
>I threw $10 in. It's not much but it's my contribution to the movement!
>for my immigrant neighbors and comrad Bernie!!! :^)
Lol I hope they're all left holding when it tanks so I can mine the twitter salt of them blaming capitalism for their retarded "never sell" mentality.
Fuck their movement I just want muh gains

>>27326574
I'm sure plenty of the OG WSBers are in this for the money and probably dream of being hedge fund jews themselves someday. Those are the ones who got in early, bought lots of shares for cheap, and have less to lose if it tanks $100. The new wave of populist, anti-capitalist reddit cringelords bought at over $300 and probably not enough to make a dent.

I don't however think this a concerted pump-and-dump or ponzi scheme, because I think even the early bird OS WSBers sincerely believe a short squeeze is coming. There is concern that the announcement of DFV selling could trigger a massive dump. It puts him in kind of an awkward position.

>>27319564
Depends
Shills are running up and down, some work will leave its mark
Also they will try every trick in the book to make it seem that not much is happening
If people can hold through today, that shit will go straight to alpha centuri.
It just depends if people fall for the propaganda, or be strong and hold.

>>27327435
>>27325338
have you bothered checking your own source?
>>27324805
it even talks about the possibility of coutnerfeit stock and the massive discrepency in short % between different sources. Nevertheless, S3's own data shows that there was not enough volume for all those shorts to have been closed, in addition to the fact that it was on a SUNDAY.
> covered on Friday slowly
you have no idea how shorts are covered do you?

>>27327435
I'm saying put your money where your mouth is you baby vampire. Post Puts if you're so confident in your analysis here. You'd make millions :)

>>27319564
>475 pre market
>300 open
>rally to 400 by close
>pump to 350 after hours
>ATH 500 pre hours tuesday
>dump to 250 by open
>dump further to 150 by close
>Die next day at sub 100

>>27327079
Define low stakes. The robinhood / wsb kids are throwing $200 in the market and buying a single share of GME. for them, life is the same with or without that $200. Their rent is still due. Their wife's boyfriend still hates them. They're still a wagecuck. But to them, this is finally a chance to stick it to the man, and for that pissing $200 is totally worth it. One cannot apply risk management logic to a fundamental illogical play. I don't know for sure how many are in the hodl forever and fuck hedge funds meme, but I'm thinking >50%, if not closer to 80%.
> You're really naïve if you don't think the WSB mods and faggots aren't hyping these stocks up while they're trading themselves to become rich.
Why did dogecoin suddenly spike when the focus was on GME/AMC? Attempts are already being made to redirect the energy of the horde, to mixed success. It's too much of a blackpill for me atm to assume the GME mania was an intentional set up, since I see a market wide disaster in progress if that's the case.
>>27327818
Sure, myself included. I'm not playing GME (mostly crpyto here) but green is green- if you got in early on the current insanity, good job. I had a friend who knows nothing about investing or ANYTHING message me over the weekend "What if Gamestop goes to $1000?"- the fucking hype around all of this is unreal, and the boomers and everyone else are going to want to get onboard.
> probably not enough to make a dent.
In normal situation, agree. But with Robinhood limiting people to buying <5 shares, specifics of what is going on are a big concern.

>>27319564
>I think we're going to hit 500+
>
>This hype is out of fucking control. Zero damage control is working, and Robinhood's suspension, followed by limiting, has literally angered the entire internet and now people are buying to spite Melvin.
people cant buy the stock, so it will fall, simple maths

>>27328457
I agree with most of your sentiment, including green is green. So for those who can't get in early you can get in now. You can participate in the redistribution of wealth not only from the hedge funds, but from the boomers as well.

>>27319832
Didnt age well, did it?!
>get fucked shill

>>27319564
750

Robinhood is cancelling all of my sell orders RIGHT NOW!
I had ones for $5000 up to $9500, all gone
Is all the action gonna happen in premarket?

kek. my banker just called and asked if my sell limit for GME was a typo because I have it at 2500€. I told him no, to leave it as is.

>>27328848
They need to loan your shares.

>>27328657
What do you mean? They let you buy the stock, just check for yourself. No market manipulation here.

>>27328887
If Nokia actually pumps they could sue RH for manipulation.

>>27328848
they cancelled me at 9000 as well

>>27329236
15 minutes ago. Pre-market starts in 15 mins. Imagine that. Lets see if I can set a limit at 1488 to tell the kikes goodmorning

>>27329357
So...

It is really happening...

Godspeed anons, may your gains earn you good enough money to NEVER visit this hellscape of crypto schemes and suicidal pumpers.

>>27325101
You can’t call millionaires poor, I think there is a law against that

>>27320371
congratulations anon

I bought, sold, bought last week so I can't sell until shares settle on Tuesday. Please hold.

>>27320371
Grats dude, you made it

>>27320371
You need 2 mil to make it. You’ll blow through this in a week

>>27320371
If its real, congratufuckinlations, you made it.

>>27320371

I had 280 shares at $15

I want to die

>>27324189
Pre market it is trading at $340