/biz/ - Business & Finance

No, that's just how stupid normalfag sheep always are. Everything has to be a fad, and they live on margin anyway so they can't afford even the slightest losses.

GME definitely was overshorted, we definitely caught the hedge funds with their pants down, and they definitely cheated and are cheating to try to convince everyone to sell. I don't think they've started capitulating yet but those lower shorts still need to be covered and eventually someone is going to crack and start covering down, spiking the price. The alternative is Gamestop going bankrupt and folding, and the fundamentals just don't show that at this time. They've got new, better leadership, they're pivoting to digital and alternative revenue streams, and business picked up with the release of two new consoles. Basically the only way to drive the stock under $20 right now is with massive shorting, and there's no shares available to even sell short anymore.

>>27474216
Why did fundamental investors like Burry and deepfuckingvalue cashed out then already? I'm starting to beliebe we hit the top last week with 300/400$. I bought in at 200 and can't see myself selling it for more than 300 at this point.

it's strange but these things happens sometimes, like with the saint floyd riots or the metoo screeching. i remember being a kid and getting swept up in the pokemon craze, a good part of my child life was centered around that for a while, the cards the anime and movies the games toys etc.
when i snapped out of it and the fad had passed i looked back and i remembered thinking, what the fuck was that? why did i spend so much time and mental energy on this thing?
i have been a bit wary about getting swept up in crazes/fads/trends since then, i see kony/gangam style/refugees welcome/gme and think, this is just pokemon again. i also have no friends so it's easier to resist as i don't have anyting to fit into. thanks for reading my blog.

>>27474216
tldr: buy more gme faggots

>>27473895
buying more rn
brb

I'm extremely mentally ill

>>27474475
Because taking profits is the key to making it. You set your target and when you hit it, you sell. You can't time the top of any market all you can do is take profits when you can and be satisfied.

>>27474634
No, I didn't say that. Momentum is now on the hedges' side and they could very well drive the price lower. If you're in it for the long game, then it MIGHT make sense to buy now. But it would make just as much sense to wait for 100, 80, or 60 to buy in and actually it makes more sense because then your profits are that much bigger when the squeeze does come.

>>27473895
Crazy? Maybe.
Blinded by greed to sell happily at 3x? Definitely.
FML

>>27473895
It's just an emotional psychological frenzy in the market, won't be the last time something like that happens. It's a great way to make easy money too.

>>27473895
I did not fall for that shit, sorry low IQ bro

>ngmi

Haha my sale price just got 10% higher.

Let the retards get shaken out, trading volatile stocks is not for their faint of heart.

>>27473895
Yea it's just mob mentality. The good news is I got out with a 200% profit and am just sitting on the sideline with cash.


Let me tell you guys, jews be damned this feels like post nut clarity. I was thinking about buying back in but the more removed from GME I am the less I want anything to do with this. It truly is a cult for some.

>>27474539
Good analogy. I will hold since I only have 2 GME but I started to get suspicious when even instagram was filled with GME memes/hype and weed addict mouthbreathers I went to high school with bought in

>>27474475
Burry thought the situation was dangerous.

Dfv still has more value in than he has banked out

>>27474539
>i also have no friends so it's easier to resist
when i told my friend that i am buying a single share at 170 for the sake of memes he told me: "so you're into gambling now?".
i stuck with my stable fundamental boomer stocks instead and made nice gains.

>>27473895
Yep. I'm usually an intelligent investor and I got fucking insane seeing those crazy numbers pump up. I got in way too late and took a loss. But I guess that's my lesson for being a retard who jumps on an internet hype

The amount of shilling has been pretty crazy though, on here and other boards. (((They))) were pissing their pants