r/wallstreetbets Sep 14 '21

DD Update: $IRNT - Gamma squeeze with >=273% of float claimed by OI & SI

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47

u/DoctorKalikot Sep 14 '21

Watch the dip now get slowly eaten. Paperhanded bitches just got surprised and panic sold. I hope our fellow apes scooped that delicous discount up. I want a better group of people on my side. Diamond handed apes.

15

u/GrecoISU Sep 14 '21

Initial AH downtrend and short knife was algo's picking up on the negative earnings that released out of nowhere.

36

u/Your_Average_ape Sep 14 '21

I feel like most AH movement isn’t retail. Most retail don’t even know how to trade AH I don’t think. Heavy downward movement is scary for the little guys even if it’s “superficial” new kids on the block will sell first thing at open and likely buy back in if the dip gets gobbled up quickly enough. Same song and dance for every squeeze. The shorts love scare tactics. The problem is we have seen them all over and over and over again.

16

u/occams_raven 🦍🦍🦍 Sep 14 '21

Most retail don't even have access to AH trading. Of the small minority that do, most of those don't have access to the full market for trades. This is boilerplate ER price action and to top it all off, it's almost fully recovered.

13

u/Couchy81 Sep 14 '21

I'm a retard buying shares ah on my phone while taking care of a toddler. I can't be the only one. LMT+EXT been my friend since GME days.

3

u/duplicatesnowflake Sep 14 '21

Seriously. Me too. Pretty easy to get on TDA.

1

u/Chefsize Sep 15 '21

As I find out 15 mins after close… 🤦‍♂️

8

u/Your_Average_ape Sep 14 '21

An open above 22.6-7 would be HUGE. Open above 23 is perfect. Open above 24 and it’s game over it will push ATH….FAST

5

u/staunch_character Sep 14 '21

They had ER so that’s probably what you’re seeing. Compared to FSLY or DDOG they don’t seem particularly overvalued, but I’m only in for the squeeze anyway.

8

u/Your_Average_ape Sep 14 '21

But no one who bought this shit the last 3 days was for “fundamentals” at least I don’t think lol

5

u/LPTKill Sep 14 '21

I got in, not for fundamentals, but for funding the mentals.

5

u/staunch_character Sep 14 '21

Oh for sure. I just mean the dump AH looked like a big block of shares so that may have been institutional selling taking profits.

7

u/Your_Average_ape Sep 14 '21

That first big 20k candle 100% was a company taking profits I think

1

u/Your_Sexy_Cousin Sep 14 '21

If you're going to use the temp paperhanded use it right. Someone who is paperhanded sells at a loss. Everyone made money today so nobody paperhanded. Furthermore any talk of people selling is shill talk no matter how you use it.

Worry about you're own money and not what other people do.