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/biz/ - Business & Finance

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26501983 No.26501983 [Reply] [Original]

FUCKING GAMESTOP

>> No.26502037

>>26501983
N

>> No.26502045

>>26501983
The sec is just gonna allow this?
They turned our markets into some sort of african bazaar

>> No.26502048

>>26501983
Yeah... Best I can offer you is $12.49. Sorry bro, I know it isn't opened or anything, but I'm not allowed to go above the prices set by corporate...

>> No.26502115

why is it even going up lmao who buys this shit

>> No.26502272

>>26502115
since you are out of the loop
basically short sellers sold more stock than actually exists so they are being squeezed and forced to buy back stock.

>> No.26502300
File: 101 KB, 785x731, 5382639575621652.jpg [View same] [iqdb] [saucenao] [google]
26502300

>>26502045
>The sec is just gonna allow this?
>They turned our markets into some sort of african bazaar
We became plebbit, plebbit became biz

>> No.26502305

471 shares at 38.41, should I sell some to get 2/19 115C or not get too greedy and just hold?

>> No.26502318

>>26502048
kek, glad I'm not american

>> No.26502340

>>26502272
Why dont they just cut their loses

>> No.26502342

>>26502045
Sec is fucked because if they take action they have to explain how the fuck they let a stock get shorted twice over

>> No.26502343

>>26502305
Dude hold. The kikes are gonna get so desperate that we're going deep into three figs.

>> No.26502369

>>26502045
Kys markets should be free

>> No.26502374

>>26501983
remember Kodak

>> No.26502392

is it too late to get in on this scam?

>> No.26502395

>>26502300
>>26502369
Hello rabbi

>> No.26502427

>>26502340
because to close the position they need to buy stock, which drives the price up further

and they have sold more stock than exists to buy back

>> No.26502449

>>26502392
no, reddit says $1000 target but even if that's unrealistic they'll never stop before $420.69

>> No.26502454

>>26502343
That's exactly what makes me want to exponentially increase my profit with calls. If there's no dip I guess I'll just hold tho

>> No.26502464

>>26502392
Wait for dip/crash and buy a cheap call

>> No.26502531
File: 28 KB, 696x464, pep-the-frog-696x464.jpg [View same] [iqdb] [saucenao] [google]
26502531

This could hit $1000 and their return policy would still be garbage

>> No.26502554

>>26502531
that's not a return policy, it's the business model

>> No.26502555

>>26502427
Why not just do nothing

>> No.26502625

>>26502555
because wall street boomers rely on "muh fundamentals" and those say that the company is shit and this pump has no sense at all; sadly for them, they don't consider the power of memes

>> No.26502637

>>26502555
they will get margin called

>> No.26502663

>>26502464
yeah I was going to buy in around $60 but now I'll wait til it dips. if it doesn't dip good for the holders

>> No.26502738
File: 233 KB, 1079x1448, Screenshot_20210125-013522_Kiwi Browser.jpg [View same] [iqdb] [saucenao] [google]
26502738

>>26502555
because of this

>> No.26502843
File: 1.02 MB, 1200x1080, 1540246352637.png [View same] [iqdb] [saucenao] [google]
26502843

>>26501983
>>26502045
Thanks for playing.

>> No.26502901

>>26502738
literal clown world
second-hand gaymers, rise up!

>> No.26503068

>>26502901
Rise up and stomp these filthy communists!

>> No.26503074

>>26502738
ahah I almost bought a lot of shares on friday but my bank doesnt let me buy shares on us markets Im so fucking mad

>> No.26503168

>>26503074
you in australia too?
can't open an etoro account myself, is IG trading shit?

>> No.26503172

>>26502738
someone just nuke the world

>> No.26503199

AAAAHHHH DO I SWITCH FROM SHARES TO CALLS WTF

>> No.26503243

FIVE BILLION UNITED STATES DOLLARS FOR A PHYSICAL GAME STORE IN THE YEAR OF OUR L*RD TWO THOUSAND AND TWENTY ONE

>> No.26503452

I'd be shorting since this won't last.

>> No.26503514

>>26503452
this
this pm is almost textbook retarded enter short asap

>> No.26503564

BlackBerry is next plebs

>> No.26503610

>>26503564
you mean BBBY

>> No.26503632

>>26503564
>got into BB instead of GME today

good

>> No.26503649

>>26501983
I sold my shares at $10. Please fucking kill me.

>> No.26503674

>>26501983
Gonna buy $5k or so worth of GME tomorrow at bell. Market order. Gonna sell my entire portfolio to do it. Try and stop me.

>> No.26503704

woke up early to get in the premarket.....my broker isn't buying them I have 5 fucking premarket orders in with $200 limits. FUCK YOU!!!!!!!!!

>> No.26503707

>>26503674
dont do that

>> No.26503713

>>26502045
>t. angry bear that's exploited what is basically a loophole for years to prey on companies with weak performance

>> No.26503753

>>26503452
Yeah keep borrowing those floated shares, then be forced to close those positions when people are trying to buy shares at any price lmfao.

>> No.26503795

wow i missed out on this because my order is queued FUCK noob mistake :(

>> No.26503797

>>26503753
I'm dropping grands and grands on this. easy 24 hour 2X

>> No.26503835
File: 459 KB, 786x826, 1611351727120.png [View same] [iqdb] [saucenao] [google]
26503835

>>26503649
fucking LOL you better hope it crashes to like 2$

>> No.26503846

>>26503452
Thanks for your money, i'm buying right now and unironically holding until $1000

>> No.26503866

>>26502045
Buddy institutional investors have been doing way worse for YEARS. The fuckery got so bad that you can tell if a stock is about to explode just by looking at their darkpool order books.

>> No.26503894

PLTR NIO GEVO GME
PICK YOUR RETIREMENT STOCK

>> No.26503901

>>26503846
>until $1000
is there any rationale behind that price point? other than the wsb targets?

>> No.26503915
File: 13 KB, 240x240, 70805015_519333608852357_1836184215454388751_n.jpg [View same] [iqdb] [saucenao] [google]
26503915

CAN SOMEONE EXPLAIN HOW THESE REDDIT SCUM MAKE SO MUCH FROM OPTIONS....

say... i know a stock will rise 20% over the next week.. how do i know what call to buy for them fairy tale gains?

IM SICK OF THESE REDDIT NIGGERS MAKING 100X MORE MONEY THAN ME THIS IS WORSE THAN GETTING RUGPULLED

>> No.26503951

>>26503915
You buy a contract that will be in the money at that price and at that time.

>> No.26503955

>premarket up 60%

ok, im out. Too rich for my blood. have fun all.

>> No.26504007

>>26503915
well you buy as many calls as you can for the +20% price expiring next week. Its not rocket science. Rocket science is knowing what the price will be next week.

>> No.26504047

>>26503894
GEVO has been doing great for me.

>> No.26504070

>>26503951
>>26504007
so say the stock is trading now at $10 and im pretty confident it will be at $12 next week, i buy $12 calls for, say $1 each(idk if thats realistic) and when the price reaches $12 the contract is now worth $12+ whatever premium the market is willing to pay?

>> No.26504109

>>26501983
Isn't it going to crash today?

>> No.26504112

>>26503172
>commie cries like a kid because he missed the train.

>> No.26504160

>>26504112
kek

>> No.26504208

>>26504112
>everyone saying fuck the system is a commie
dumb mutt

>> No.26504244

>>26504208
nigger this IS fucking the system

>> No.26504254

>>26504208
>commie doubling down trying to save his pride by dividing the audience with racial animus
double kek

>> No.26504262

>105$

>> No.26504269
File: 193 KB, 1196x868, AIDS.jpg [View same] [iqdb] [saucenao] [google]
26504269

>>26503172
>nuke the world
GME will drop like a rock 15min after open.

cap this.

>> No.26504286

>Reddit has more market power than /biz/
>/wsb/ makes money of actual investments whilst /biz/ trades pajeet scam tokens

LITERALLY RETARDS

>> No.26504288

>>26504244
I know and it's trash

>> No.26504304

it's a fucking video game shop
fuck amerishits and fuck cuckpitalism

>> No.26504340

>>26504288
triple kek. keep them coming. I've never had this much fun waiting for my orders to fill.

>> No.26504361

>>26504286
literally neither have legitimate market power

>> No.26504399

>>26502343
> Three digitis
Four digits, possibly five.

>> No.26504402

>>26504070
pleas help.

>> No.26504405
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26504405

i bought at 35€ and sold at 65€
fucking kill me

>> No.26504406

>>26504070
It would need to be slightly above $12 to be profitable. Ideally you'd buy a contract that was less than $12

>> No.26504429
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26504429

>>26502300
never will this happen you filthy kike

>> No.26504480

>>26504405
>bought at 8 sold at 16.
still time to fomo in

>> No.26504546

>>26504480
idk m8 i keep waiting for a dip after a squeeze that will dip just slightly below where i originally sold, but it's just not happening.

>> No.26504556
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26504556

You would be a FOOL not short this physical media shitshow of company NOW.

>> No.26504569

I don't get it. Why are people still expecting it to go up? Surely it would crash at market open, no?

>> No.26504604
File: 42 KB, 500x500, 1610569967083.jpg [View same] [iqdb] [saucenao] [google]
26504604

>>26504569
bro the yuro market is open and it just squeezed to 105€ which is like $120

>> No.26504617
File: 391 KB, 1137x1280, 1607556908835.jpg [View same] [iqdb] [saucenao] [google]
26504617

>>26504286
Post LINK stack, tranny.

>> No.26504625

>>26504405
The short squeeze isnt even there lol
Shit will go to 200 € when it hits the fan

>> No.26504643
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26504643

>>26504208
>fuck the system!
>>26504288
>NOOOO NOT THAT WAY THINK OF THE POOR HEDGIE WEDGIES

>> No.26504673

>>26504604
How do euro markets affect american stocks exactly? Also why is european trading app not letting me trade during this time?

>> No.26504700

I have no idea whats going on but is there any chance that all this hype ends in a blood bath?
I want to see reddit tears.

>> No.26504722
File: 104 KB, 819x1024, 1583328717200.jpg [View same] [iqdb] [saucenao] [google]
26504722

>>26504556
>Shorting
>In a gamma squeeze precipitating a short squeeze

>> No.26504758

>>26504673
>Also why is european trading app not letting me trade during this time?
maybe because you're looking at GME and not GS2C?

>> No.26504770

>>26502045
what you're witnessing is the internet breaking down the financial order
the internet first broke down the content and communication establishments
Now it's time for the financial establishment
unironically bullish as fucking fuk

>> No.26504784

>>26504673
You are looking at the wrong ticker, it's "GS2C" in EU

>> No.26504797

>>26504556
lmao what a retard

short interest is at least 150% of float, this shit is getting squeezed like VW

unironically $500 a share in a month

>> No.26504827

>>26504429
That's right, downvote him for speaking the truth. That will show him.

>> No.26504830

>>26504758
>>26504784
My app doesn't even let me trade non-US stocks lmao

>> No.26504832

>>26504722
you realize that greek salad words arent crystal balls right

>> No.26504860

>>26504830
are you using trading 212?
you'll probably have to use trade republic

>> No.26504863

Can the SEC cease a stock from trading temporarily?

>> No.26504884

>>26504860
Revolut

>> No.26504899

>>26504863
they halted it for a few minutes on friday.

>> No.26504908

>>26504832
You realize that right now shorting is how you would lose money right? If you want to short GME wait until February because now you're in a situation where every call is ITM and you could lose TONS if you have an uncovered short.

>> No.26504923

>>26504625
the short squeeze is already happening retard
the question is when will it end

>> No.26504931

>>26504899
circuit breakers, not direct intervention.

wondering if they'll wait until half way through the week to come to a decision.

>> No.26504948

>>26504722
I want to rape her so badly, slit her throat and drink her blood from her lifeless body as her tits get swollen and red from all my bite marks, I fucking hate women.

>> No.26504968

>>26502738
Fucking hilarious.

>> No.26504970
File: 438 KB, 1080x2400, Screenshot_2021-01-25-11-46-16-137_nl.degiro.trader.jpg [View same] [iqdb] [saucenao] [google]
26504970

Yup, it's over

>> No.26504980

I wish I had bought more shares. Anyway, gonna try to buy OTM call options later. Anyone know when they will be available for purchase?

>> No.26504986

Bought at 6.50 sold at 20... I'm retarded?

>> No.26504995

>>26504986
Yes

>> No.26505011

>>26504908
yes you are correct not now but the price is not sustainable was my point

>> No.26505027

>>26504970
Sure bro, just like how it was over after friday's squeeze

>> No.26505071

>2021
>most valuable stock to hold is from a fucking video game retailer

yeah it wasnt stonks when those faggots gave me 20$ for a bunch of ps2 games

>> No.26505078

>>26504970
This will unironically hit $1000

>> No.26505095

>>26504970
its back over 80

>> No.26505109

>>26505027
>>26505078
I hope you make it anons, and I hope it goes to a 1000 for you!
I'm just kind of hoping that there is a limit to all this insanity, I've got like 60% of my life's savings in funds and stocks. Things like this kind of make me doubt these decisions, even if they were invested very spread and safe

>> No.26505129

>>26504931
>circuit breakers, not direct intervention.
yeah but has a stock ever been pulled for a short squeeze??

>> No.26505142
File: 25 KB, 480x360, beaa7ec31a5603173ac207ba560af167.jpg [View same] [iqdb] [saucenao] [google]
26505142

Finance brainlet here, how is it that Gamestop or whoever can sell out more stocks than they actually have? And why can't they just refuse to pay the higher prices that /biz/ and wsb seem to be getting?

>> No.26505171

>>26505142
look up "naked short selling"

>> No.26505172

>>26505129
There's a case to be made for market manipulation

>> No.26505184

>>26505142
https://www.investopedia.com/terms/n/nakedshorting.asp

>> No.26505198

>>26505172
has that ever pulled/delisted/halted a stock though? Stopping trading just means those shorts can't actually cover their shorts.

>> No.26505238

>>26505172
You mean like shorting more shares than issued? You're right, hedge funds should be investigated on trying to force a stock to go down by shorting it recklessly

>> No.26505239

>>26505142
short sellers borrow shares and then sell cheap in order to help crash the stock because they're banking on the company's bankruptcy
imagine this: you borrow something, sell it for 5$, then once it's crashed you buy it back for 2$, return your shares and keep the 3$ difference. this is how citron made 25 million dollars from CD Project Red's stock dip after Cyberpunk turned out to be a piece of shit.

At some point you're forced to return your borrowed shares, and in order to minimize losses the short sellers buy back at this high a price out of fear that it will climb even fucking higher and they'll make even bigger losses.
Of course this is a chain reaction because it pumps the price

>> No.26505248

>>26505198
SEC could try to negotiate an agreement for creditors to cover outstanding debts, cease trading to let volatility pass and wait for retail investors to sell once opening back up.

Seriously fucking doubt it though.

>> No.26505282

>>26503901
what were the rationales behind $100 for a failing physical game store?
the rational move was to short it. But memes are not rational

>> No.26505304

>>26505282
>the rational move was to short it.
You say this with pure retard confidence not realizing more shares are already sold short than exist. This exact dumbassery is how we ended up with this squeeze.

>> No.26505353

>>26503452
Hahaha you can learn the same lesson as the institutions i guess.. enjoy the infinite squeeze

>> No.26505352

>>26505238
How many people went to jail for writing bonds that were not financially secure enough to be A rated yet were anyways? 0. The same people committing the crimes run the SEC as well

>> No.26505368

>>26505172
By who? It's completely fucked.

>> No.26505369

>>26505304
i said "was". I'm referring to citron research's report. They weren't wrong at all, they lost hard because of WSB and that's a fact. The same WSB is saying $1000 target

>> No.26505411

>>26505248
>agreement for creditors to cover outstanding debts
like what? a direct offering of stock from gamestop themselves? at less than market price? that scenario just doesnt play out in my head. If I was CEO of GME, I would never agree to that. I might agree to a public offering....so long as my stock remained on the market.

>> No.26505417

>>26505368
Reddit; it's a social media platform and responsible for the content it curates.

>> No.26505448

>>26505369
> $1000
It's actually higher now: $4200.

>> No.26505588

>>26505448
everything under $420.69 is a 2x to 4x guaranteed. Thanks for your money to everyone who is shorting this
>>26504970
Back to $100 btw

>> No.26505655

>>26504970
euros have weak hands. We already know this.

>> No.26505675

Gonna buy some calls, then some puts when I wake up.

>> No.26505739

>>26505172
>>26505417
>line not going my way shut it down
is this peak digital money ? Why is this allowed ?

>> No.26505854

>>26505248
>SEC could try to negotiate an agreement for creditors to cover outstanding debts, cease trading to let volatility pass and wait for retail investors to sell once opening back up.
You can't just change the rules mid-way. Hypothetically, who do I sue if something like this were to happen.

>> No.26505960

>>26505854
You don't sue. You go Rambo.

>> No.26506002

>>26504863
I'm pretty sure they halted that ONE black owned bank, or whatever it was called, for about three minutes the day everyone pumped it. I bought on open and was panicking when the stock shut down shortly after for a moment or two

>> No.26506131

>>26505588
100$, but not €

>> No.26506794

HOW THE FUCK DO I LONG THIS AS A BONG?? WHAT PLATFORM??

>> No.26506849

>>26502048
Can you throw in something from clearance?

>> No.26506851

>>26506794
cope and seethe

>> No.26507277

>>26506794
Interactive Brokers if you want to buy Options.

>> No.26507342

>>26502045
this is why I only do crypto. no taxes and no regulations

>> No.26507711

>>26502272
Who are the short sellers borrowing from? I don't get it

>> No.26507740

>>26501983
What's to stop the Bane from crashing this price with no survivors?

>> No.26507787
File: 168 KB, 1078x1058, gmecoom.jpg [View same] [iqdb] [saucenao] [google]
26507787

>>26507342
>no taxes
>no regulations
he actually believes this shit

>> No.26507798
File: 23 KB, 372x339, 1610329189207.jpg [View same] [iqdb] [saucenao] [google]
26507798

>>26502340
Its a contract, closing the position means buying the stock at market price. They cant just close it out...

>> No.26507850

https://www.youtube.com/watch?v=uu5uW4gnEys

Bought calls for BB and GME, thank you based internet. We are going to the fucking moon bros. Never give up.

>> No.26507852

>>26507740
How? Someone would need to loose a literal fortune to crash it.

>> No.26507886

>>26507852
Someone who is super rich and looking for a cheap laugh.

>> No.26507931

>>26502045
Haha yeah. Late signs of an eminent catastrophic crash. Its going to be biblical.

>> No.26507962

how to trade gamestop and blackberry options from Australia?

>> No.26508011

>>26507931
You laugh but short collapses were a warning sign of the 2000 financial crisis, and those were nowhere near as big as the short collapses we will see in the coming weeks. Watch BBBY carefully because if it starts liquidating shorts as hard as GME is we're in for some serious shit.

>> No.26508087

>>26502555
short answer is
>>26502637
longer answer is if they get margin called and don't post collateral, they get liquidated.

its the unironic equivalent of "if the price hits x the shotgun goes off" except the hedge funds pointed the shotgun at their own heads and standing right behind them are their parent companies and the investment banks which act as prime brokers for them and assume some of their risk. which becomes all of their risk the moment they get liquidated.

>> No.26508191

>>26508011
You can laugh or you can cry. I walk with the lord so I just cant help but see the humor in it all.

>> No.26508356

>>26504970
>still higher than friday's close

yep, definitely over

>> No.26508445

whats the short interest against black berry?
is the 2x shorted interest figure against gamestop accurate? when I check on friday short interest on GME was only 25% of market cap.

>> No.26508716
File: 10 KB, 213x237, 1608938617491.png [View same] [iqdb] [saucenao] [google]
26508716

>>26507787
>he actually believes this shit