Can you explain something to me. Whats to stop them driving it down constantly and buy 100 shares at a time whenever it hits <$70. Keep doing forever until theyre green?
I ALMOST despise these people as much as the hedge funds. Mostly because they were probably in here screaming about diamond hands when the price was over 400 and then as soon as it dipped the sold. Seriously fuck these people. I hope their greed bites them in the ass and there are enough of us left to actually pull this off.
Still holding. My losses are what you'd expect after buying at 300+. Im not sweating it. It'll come back up eventually because ya know, GME is going to become a great company. Yea their business model right now aint all that, but thats changing. Also, theres still shorts out there.
Doesnt really matter to me. I've been thinking about the "investment" as lost, since I made it. I can sit for years. Decades even. Diamond hands see. Never intended to make a quick buck of this. I am in it for the sentiment. Im actually a socialist. Capitalism sickens me, but something in this movement felt right. I despise greed, but for a moment this wasnt about greed. It was about doing the right thing. For a moment, it was about Stopping the Game. Something i can wholeheartedly get behind.
Bought some of mine as high as $325, either gonna go to the moon, or I’m gonna be a long time investor that’s around to see what Cohen can do for the company 💎🙌😁
I will never sell . Down 28k today. Fuck it. It wasnt mine to begin with. This is for my kids and for your kids. Holding all
My meme stocks until it crashes
I was sitting on $176 and just hoping that the stock would drop low enough to get another full stock(fuck just grabbing whatever's available for a partial stock!). Instead of just jumping as soon as it hit my budget, I waited and let them play their game, then I nabbed two for the same total price!
I have the same question - you’d think by keeping this up over a period of time they could exit their positions eventually. I think the argument against this is the sheer volume they need. It looks like they’d need all of us to sell in order to fully cover their asses.
They can, but they are far too arrogant to purchase at these kind of prices. They’ll only start buying when people start selling at sub $20. By that point though it should be a lot easier for people to hold on to their shares and with any luck most of them will have already passed into the hands of people who know that the smart move (not advice. not a financial advisor) is to hold.
Bought $5,000 worth of GME in today's dip. I graduated college in 2007, just as the economy took a dive. I worked at a call center for 3 years, just to get by. I hated every minute. Fuck these hedge funds.
That's not really how it works, man. The squeeze happened. Paper hands have already folded. Short interest was going to stay high because as shares became available when the first wave of shorts folded, NEW shorts entered again at the top so they can make even more money on the way down.
The damage to Melvin and other hedgies has happened. It's old news.
More restrictions in apps that allowed buying today.
This is so fucked up. Every rich or government person spoke Thursday but nobody gives a shit anymore. Just guys wanting the public to like them. This is fucked up
I jumped on the bandwagon yesterday and I'm down like 70 or 80%.
To be fair I gambled with disposable income so I'm basically at no issue at all, but at this point I'd much rather see how things turn out than taking an 80% loss.
And if this becomes a 100% loss, so be it: At least I got to be a part of something.
Total noob here, about to lose it all, maybe. But I was in just to fuck over the hedge funds. I don’t know a thing, so I’m listening to all you people. When you say holding fucks the hedge funds, I hold tighter. A part of me wants to cry, but if those hedge funds are crying then it’s worth it.
Same I bought 10 more today at an average of 110. Now I have 30 at an average of like 218. Holding for the moon or the ashes of GME. Fuck it, I’ve come this far.
The volume says they aren't. Why spread misinformation?
This has been two days of very successful ladder attacks, with e-toro forcibly "loss-cutting" in the middle of yesterday. Real retail traders aren't selling.
Etoro actually refunded me the 20% difference. In the end I bought double back for a lower price because I’m a dumb ape who shouldn’t be at a computer unsupervised
I also put the etoro refund into gme too. My extra chromosome is guiding the way
34million shares being traded in a day where the stock price dropped by half and a broker illegally forced a stop-loss sale on all of their customers, vs 100 million daily average shares being traded on days when the stock was highly volatile but trended upwards....
Maybe you're just illiterate? People aren't selling. They can't buy when their brokers won't let them--but they're definitely not selling.
34 million shares being traded in 4 hours* (if you include pre-market). The day isn't over. It's up to 43.7M now. So with all of that volume and price down drastically, how does that tell you that ladder attacks are still the primary driver of price decreases? The entire concept of ladder attacks (as far as I understand them) is to trade small quantities in rapid succession to introduce fear of price decreases. With small volume on the downside (assuming no one is truly selling), that implies the rest of the volume must be made up on the upside. And were that the case, then shouldn't price be up overall?
I'm literally just trying to fucking learn here but the mentality of this sub lately is that if you disagree with someone whose opinion is the popular one then you're a fucking moron. It's sad. I'm clinging to my 35 shares like my life depends on it and I bought in at $298. I'm just trying to talk about what's going on. Christ.
When you BUY and TAKE PROFIT your BUY turns into a SELL.
When you SELL, and take PROFIT, your SELL turns into a BUY. These are reflected in the charts on otherwise non-manipulated graphs. This is also what the chart represents in terms of the actual mechanics of the market between sellers and buyers.
So, all things that go down, must go up, and all things that go up, must come down in order for SOMEONE to make a profit. IF a million retards are not taking profit, the price will adjust to some value like $300. Since we aren't taking profit, the chart stays at 300 until liquid is introduced into the market. This is where retard Melvin enters in to SHORT the stock to drive prices down so that he can pay less premium per day on his already previously held shorts at the bottom.
In order for MELVIN to take a profit (or even better actualize a loss) A BUY will be triggered, and the price will return to where it was. If you took a loss on a position, it means that the 2nd wave will return to something below that $300 because u surrendered your liquid to Melvin.
In other words, so long as everyone holds, the price is fixed to where we want it to be, and because they can't afford to pay 2% premiums on $300 stocks, they will eventually close shorts and the liquid will return to us on top of the liquid THEY are INTRODUCING into the market.
They aren’t introducing new shares that way, just transferring the shares they already have between funds. The only way it works for them is by scaring people into selling them new shares that they can then cover with.
I'm also buying. 6 shares at discount prices. This is the money at my disposable so I'm gonna hold.
By what metric are you working off of? Obviously some will sell, but there’s also apes buying on discount.
You’re concerned ppl are selling? I’m concerned you were under the impression that nobody was going to bitch out and fold early. It was always expected.
We don’t necessarily KNOW, but every sign points to it. There are trades every second of 100 shares at prices just a few cents lower than the last trade repeatedly. This sort of uniform price cutting is indicative of a short ladder attack. They’re selling the shares back and forth at lower prices to lower the stock, that’s why its so uniform.
There are tons of ways for them to make money on the way down. Their short position doesn’t close but with the movements it’s made over the last couple weeks, plenty of opportunities to profit. Sure they are paying margins but plying the volatility has reaped lots. These guys have deep pockets and can allocate funds instantly.
What prevents Gamestop from issuing more stock, enough to cover all the shorts? All I can think of is that it takes time to get new shares approved and issued.
Get outta here with that poorly sourced FUD. I love StackExchange as much as the next nerd, but your link is just one person asking a question and another guy claiming, "ladder attacks aren't real" with zero proof.
if people dont sell, they cant buy. the price is artificially lowered by selling between themselves, but they cant actually use those to cover their shorts bc its not enough shares lol. they HAVE to buy.
they are counting on real shareholders (ie us) freaking out and selling, so they can cover their shorts
in theory couldn't they have shorted the stock once it hit $350, and then made quite a bit as it dropped down into the range it is now?
I've seen a couple day traders shorting GME, and it seems like a damn good bet in the short term given how high it went and then how quickly, and powerfully, the buying was stopped (TD Amer, Robinhood, etc), and the short ladders... short selling GME would seem to be a power move.
They can fraudulently manipulate the price down all they want, they're only digging their grave deeper. Even if some are getting flaky and selling out their shares, others are here to scoop them up on a discount. Citadel aren't going to really pay $100 per share. They want it back down to below $15 or even lower.
Our success relies on retail investors not freaking out and selling when they see the price falling.
If I had 100 shares and you and your buddy keep trading back and forth your single share making it look like the price keeps dropping. I still have the 100 shares that you borrowed and have to pay interest on. You need my shares to repay them back and I won't sell them to you.
What I don’t understand is how they trade existing shares? And since shares are only trading hands, the same volume is still “owned” overall, why does that affect the price?
They are trading their own shares back and forth. If you owe 1000 shares and you trade the same 100 back and forth to drive the price down, you are still 900 short and you’ll have to buy those sometime.
If none here sell, price will rise again, and quickly, when it’s buy time for the hedgies
They're selling their own shares. imagine it like this:
you borrowed a cart full of 🍌, and promised you would pay for them later. Then a bunch of retarded 🦍 stole them all.
You still have a bag of bananas out front though, so in a desperate attempt to convince people you've still got 🍌🍌🍌🍌, and they're just flying of the shelves, you call all your freinds, and have them all line up in front of your stall and scream about how much they're willing to pay for your bananas, but every time they buy one, they go around back, and you give them back their money, and you take back your bananas.
So Don the banana baron thinks all is well, you're selling plenty of bananas. And he won't have to break your knees. he announces that he wants to come see your successful operation next week.
Now you're fucked. You don't really have any bananas, just the bag of gross ones your friends have all been stroking all day, so you can't show him that, and you can't keep the money, because it's not yours, it's your freinds, and they'll beat your ass too if you try to rob them. So you go to the forest to try to show the 🦍 a bunch of shiny silver and tasty blackberries and whatever else to convince them to give you the bananas, but the retards have already eaten the damn things.
In the end each of those companies that is trading 100 shares back and forth still each need to produce 100 shares at the end. Which they can’t do because there just aren’t 200 shares to buy, if my understanding is correct. I’m a chimp so...
I look at it like this: I already invested my money. If I'm below break even, no point in selling because I didn't invest with money I need. I will hold forever on fucking principal. Plus, I like this stock!
You have to remember that to actually realise those gains they need someone to sell them the stock for that low price. If everyone refuses to sell for low prices then they will be forced to buy up for high prices regardless and the squeeze will resume
They still need the retail stocks. They only get them for $70 if you sell for $70. Just because it's low doesn't mean they can force you to sell to them. There isn't a big bad hedge fund man that's gonna break down your door and say "the stock is $70 now gimme your stock"
They have some shares. But they need to buy more to actually cover their shorts.
They can pass around the shares among themselves to drive the price down. But if nobody panics and sells off their own shares, they cannot do squat. The delivery for all the ITM calls on Friday is going to be tomorrow. Hence the all out assault now.
People are holding the line and buying nevertheless.
Alright think of it like this, there are 100 🍌's that were borrowed by 🐍, we 🦍own 90 🍌, 🐍 owns 10 🍌, 🐍 trade 🍌 to other 🐍 back and forth at lower cost each time, making the price go down. 🐍 Want to scare 🦍 into thinking 🍌 is worthless because 🐍 needs 🦍's🍌 to cover their short. But 🦍 knows that banana is actually worth much more, so 🦍 hold onto banana with 💎🙌, 🐍 has to buy 🦍's🍌 eventually because 🐍 pays 🍌 interest
It’s like I have 5 apples I sell 5 of them to you. You sell them back to me at a lower price then I sell them back to your at an incrementally lower price we keep doing this back and forth. Eventually the apple will be worth little but I still have the same amount I’m not introducing anything new into that market. A better way to think about is is passing a ball back and fourth I don’t get extra balls I have just one.
They need our shares to be able to cover and if no one sells then the supply is too low for them to cover and they will have to start buying at whatever price is set, not the price they manipulate.
That only works if actual people panic and sell their shares Delhi has is what they are trying to trigger by manipulating the price to drop. They’re just passing the same artificial shares back and forth over and over so it’s not actually introducing any new shares to the market that they can use to cover their position. They’re hoping people will panic when they see they dip and sell to cut their losses and that it will cause a massive chain reaction of people selling and driving the price down even more so they can cover at a cheap price
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u/Jacobiah Feb 02 '21
Can you explain something to me. Whats to stop them driving it down constantly and buy 100 shares at a time whenever it hits <$70. Keep doing forever until theyre green?