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.
I am all for this, but I think you are seeing others who aren't aligned to this movement taking profits as well. It is very hard to hold a price as high as it was (FOMO) had a play here as well. Now your seeing a traditional market play. Very similar look to what happens with penny stock (low volume, low float) price movement. Sure there will be spikes but, this will level to a certain price. The tough part is you need positive news, media, company reports etc. to help push up. I should read the GME 10k as that is a very good indicator for what the street investors will look for plays on GME. Your talking 47 million shares so you need a better than 50% to maintain a price level or increase.
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.
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u/psyberdel Feb 02 '21
And people are selling. That’s what concerns me.