Or the brokers are letting more shorts in to spook holders into selling...everything today is fishy as fuck imo... Td restrictions, lots of redditors saying they couldn't get online to trade on numerous platforms... Gotta save the poor hedge funds... little guys stole too much $$$
Had me worried...only a 33$ drop on my screen that's nothing with this stock AH is nothing to worry about its usually just the momentum of the day running its course...what you really want to do is check the Europe market before you pass out drunk at 4am
Robinhood put out a "warning" about market volatility...says if you think of the market as supply and demand you are not taking the underlying factors into consideration and sometimes that can lead to recession...yadda yada...paraphrasing They are going to try and fuck us...
This is considered by most everyone to be a one time trade that people will chase for a lifetime....no company ever has been shorted over 100% that I know of from researching this last week and a half or so. Yes hitting 1k per share is possible if no big holders sell. We havent even started the short squeeze the increase in price is from people buying stock in preparation of squeeze plus the gamma squeeze. BB is a good long term play as the DD suggests it will be a big time player in most self driving electric vehicles coming down the pipe in the future and recently just signed a 50/50 deal with Amazon for said EV play I got in bb at 9$
After hours is weird just hold and probably will go back up tomorrow....if everyone hasn't bailed on it Just keep an eye out tomorrow and be prepared to sell if you aren't feeling it
I put a spare 500$ in at 38$ been holding ever since...plan on holding until I see the squeeze since I'm not that invested....wish I knew about it earlier but still doing ok
It is interesting that the "market media" still just wants people to think that it's a bunch of dummies buying worthless stock instead of talking about how it's the squeeze everyone is chasing....margin call the shorts and Jack this think up to 1k so we can get on with our lives/other stonks
Believe this was the OG thread for market talk then they made stonk thread for individual stonks while this was supposed to be for more economic/market talk...
It's a gamble but I havent seen anything that says it wont go up another 150% or so on friday... every call is in the $$$ right now(people betting on where stock will finish at end of the week) these have to be covered and is part of why gme keeps going up as we are possibly in a infinite gamma squeeze by somes opinion Until shorts give up or a bunch of people sell this will not end
I have been thinking though if it would be wise to buy some puts on the way down after the squeeze but I dont know enough about....sitting at +3.5k now and hoping to get up to 5k or 10k if really lucky
Isnt it mostly a supply and demand play currently....doesn't cost $$$ to hold shares and bleed the shorts...but I guess if you can just keep naked shorting it wont really matter I'll be interested to see the short% after today...I dont think we've seen the squeeze yet