I hope new retards that just joined WSB needs to realize that this struggle between Retail Investors and Hedge Funds may take longer than you think. No one knows when the short sqouze will take place. Be ready to HOLD for 2-3 weeks or even longer. We may have the upper hand, but don't think the hedge funds are stupid. They have been playing this short game for decades with a huge war chest funds to see us lose. Be ready for several weeks of FUD, misinformation, and restrictions. Hedge Funds need for us to lose because they need to send a message that they can beat us at this game. They are trying to make the statement "We will beat you at this because we have everything on our side." If hedge funds lose here then everything that they have built up will fall a part and change and that's the last thing they want. Don't invest more than what you can lose. Be safe, go out exercise, and eat. Try not to stay glued to the screen. Best of luck to all you retards and autists.
Thanks to all the mods for keeping the community stable and doing your best in removing bots and shills.
This isn't financial advice. I am not smart. I just really like this stock. In GME 200 shares to Mars and planning to Hold Long. 💎🤚🚀🚀🚀🚀🚀🚀
I don't know if anyone else noticed, but Friday was kind of a big one for GME. It ripped face from $43 up to $75 in the morning session. That was fucking wild, even for this autist's dream of a stock.
Others have already commented on why this has happened, but I'll summarize for the dunces in the back. In short, the market makers wrote a LOT of OTM calls last week, and then had to buy shares to cover when those calls went ITM around noon. This is what caused the absurd spike from $50 to $75 in just an hour and a half. That's the gamma squeeze that everyone has been talking about, where MM's couldn't cover fast enough.
The rest is history, GME closed at $65, and every single call that expired yesterday was ITM. That's fucking retarded.
What this means, though, is that the MM's/brokers are going to have to deliver a ridiculous amount of shares when these expired options settle. Typically, settlement is on Tuesdays. I've read estimates that 10-15M shares worth of calls expires ITM last Friday. Again, this is fucking retarded.
Please note that none of the above movement relates directly to the short squeeze... but it will. Because there are now 10-15M shares tied up in the clearing houses, there are now even fewer shares to be borrowed. There are estimates that the true short interest on this stock was around 300%. Now, with about 20% of the total float committed to the fucking clearing house as they sort out Friday's shitshow, I expect true short interest is closer to 500%.
Demand for GME will continue to pump on Monday. This is a cultural event now, where every lay person can be a modern-day Robin Hood. The shorts are going to have their positions closed whether they like it or not if this continues (which it will). Since there are far far far fewer shares floating over the next 2 trading days, though, a squeeze on Monday or Tuesday could utterly destroy Melvin and the other shorts.
If RC even opens his twitter app this weekend, it's over.
Positions: Take what's yours, gents.
Hey retards, I missed you all. Glad to be back online after my year long hiatus. I've been to rehab, I've lost custody of my kids, lost my house. However I still found a way to play. I've been shoulder to shoulder with all of you through this mess. I've been hammering way OTM weekly calls in volume. This is the most fun I've ever had.
Through the madness of this past week of trading I've managed to claw my way back from oblivion. $GME has done a couple 10 baggers for me this week alone. I love you all and I'm happy to see you all again. So many new faces. I'm proud of each and every one of you.
I'm currently holding about $50,000 in calls on $SLV ..and $15,000 in OTM weeklies on $GME. Rookie numbers I know, but I just got my legs back. I'll be running again in no time.
LETS FUCKING GO! GAMMA SQUEEZE UNTIL THEY BEG FOR MERCY!
EDIT: Thank you for the outpouring of love and support, It is actually giving me goosebumps reading through the comments. I feel like I just came home. I'm going to bed but I'll try to keep up and respond to everyone. God speed and have a BEAUTIFUL FUCKING FRIDAY!
EDIT #2: I didn't think this post would blow up like it did, I don't have the time to go through every post and thank you all individually while deep dicking the market with OTM calls so just know that if you post here I can promise you I read your words and took them to heart.
EDIT #3: I literally cannot smoke enough weed to calm down right now. I feel like I have rocket fuel in my blood.
Closing thoughts: My calls on $SLV (Ishares silver trust) are going to be the biggest fuck you to the entire banking sector when Precious metals squeeze and bring down fucking JPM and all the fucking twats who are trying to hide inflation behind the curtains while they raid your fucking pockets. FUCK THOSE FAT CAT MOTHER FUCKERS
None of this is investment advice. This is my own personal commentary and opinions on the fucked up state of the market.
For context I am a 5"2 fairly averagely sized 20 year old, but because ya know... portrayal of female attractiveness in media I have always struggled heavily with body image.
So recently my boyfriend and I have been running together, and I started to notice it paying off, like flatter belly, more toned legs etc, and I expressed this to my boyfriend.
He replied saying "well good, we've got to keep it up then", to which I somewhat jokingly replied with "so I can stay skinny?" His response to this was to immediately say "no, so that you can stay happy!".
I have never once in my life had this kind of reaction from anyone when I've expressed anxieties about my weight, its always been something along the lines of "well do more exercise and you'll see results" or something like that.
My boyfriend responding the way he did felt absolutely earth shattering, as I've never before considered that I don't need to be a certain size, I just need to be happy with myself!
Honestly, everyone deserves to receive this level of acceptance and encouragement from the ones they love. I have barely stopped thinking about this since he said it, and I reckon it'll stick with me for life.
Edit: For clarity, as I didn't explain too well and some people seem to have misunderstood my meaning; my comment to my boyfriend was in a joking and totally non-expectant tone, which he completely understood. We have a very open with each other kind of relationship, so in the moment he knew that I was being light-hearted. I don't believe in fishing for compliments as it is never fair on the other party.