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Gamestop and The Stock Market

GME burned today and fell below $100. My guess is the plummet will continue, but the war will wage on.
 
Avery said:
GME burned today and fell below $100. My guess is the plummet will continue, but the war will wage on.
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They lost all momentum. I think they pushed the covers out through price ladders and other shenanigans. I would have stayed in if I thought there was any semblance of a fair fight but its clear they will push it out further than the momentum will carry.
 
prodigy said:
Daaaaannggggg...Down to 56 dollars. Wonder if DFV is still holding. Dudes lost a ton.
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Maybe he’s lost some but we don’t really know what he sold and what he didn’t... screen shots are likely fairly easy to reproduce. He will still kill it and will make a bunch on the movie and story stuff that will follow. Don’t worry... his wife’s boyfriend will have plenty of tendies.
 
Not sure anyone caught the hearing or the excerpts today but it was high comedy. Roaring Kitty continues to cement himself as a ****ing legend and the politicians exposed how little the understand about this ****.

Vlad had a low key great moment too... someone had him cornered when he said they made mistakes and asked him over and over what mistakes he made... he finally answered “we are always trying to improve” that is the equivalent of answering the job interview question of “what are your weaknesses?” with a “I care too much” or “ I work too hard” type of answer.
 
Thought this summed it up
Screenshot-20210219-150945-Reddit.jpg
 
Handlogten's Heros said:
Not sure anyone caught the hearing or the excerpts today but it was high comedy. Roaring Kitty continues to cement himself as a ****ing legend and the politicians exposed how little the understand about this ****.

Vlad had a low key great moment too... someone had him cornered when he said they made mistakes and asked him over and over what mistakes he made... he finally answered “we are always trying to improve” that is the equivalent of answering the job interview question of “what are your weaknesses?” with a “I care too much” or “ I work too hard” type of answer.
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I'm waiting for details to come out on the hedge fund on hedge fund violence behind this. WSB was a fun story but what many of them don't realize is they were most likely
Handlogten's Heros said:
Not sure anyone caught the hearing or the excerpts
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willing tools in a great wealth transfer from billionaire to billionaire. I have a feeling it took a whole lot more $ than an internet forum to push a short squeeze like this.
 
Claim is out now that the halt in trading was actually triggered by market rules. Something about margin requirements.

Gave the Bigs time to cover.
 
Short interest less than half what it was. Are people buying this thing now based on its business model and fundamentals? Yikes.
 
I’m testing a new investment methodology hypothesis.

I did it in January with my own real money, and I basically had a return that outpaced the S&P by an additional 5% return.
So I’m currently running 3 test case hypothetical baskets to see if my methodology is sound.
So far, so very, very good. Even in the downturn over the last few weeks.
 
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