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Old 06-27-2016, 11:23 AM  
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Old 01-26-2021, 11:07 PM   #6721
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Originally Posted by Halfcan View Post
There were 4 people at the entire AMC theatre tonight.

They are losing their ass right now.
It's not about being an actual good company or Financials. It is more of a stick it to the man. To all the People who short stocks. That is why Gamestop is trading at 200.
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Old 01-26-2021, 11:13 PM   #6722
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Originally Posted by Nirvana58 View Post
It's not about being an actual good company or Financials. It is more of a stick it to the man. To all the People who short stocks. That is why Gamestop is trading at 200.
My understanding is that it's mostly a middle finger to Citron, who shorts stocks then puts out bad press to artificially drive the price down. Kind of hilarious, really.
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Old 01-26-2021, 11:14 PM   #6723
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Basically Robinhood and Reddit investors. Taking on the bears. Organizing and colluding on stocks. Sounds like AMC is the run tomorrow. If anyone wants to gamble.
It was kind of a GoFundMe for Gamestop, I think. People have good memories of it and are buying nostalgia.

Maybe it's time to short sell it. That would be rather ironic.
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Old 01-26-2021, 11:16 PM   #6724
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It was kind of a GoFundMe for Gamestop, I think. People have good memories of it and are buying nostalgia.

Maybe it's time to short sell it. That would be rather ironic.
I dunno man. They can run a long ass way. Some of those dudes are zealots.
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Old 01-27-2021, 07:34 AM   #6725
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Old 01-27-2021, 08:33 AM   #6726
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BB is getting play but AMC is already up 66% after hours. Pretty sure that will be the main target tomorrow.
Yeah thought about buying some at $4 yesterday but didn't. Opened at $16 today
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Old 01-27-2021, 09:03 AM   #6727
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Someone might have to clarify, but the way I understand it, the hedge fund Melvin Capital was a deep short seller of GameStop. A bunch of kids from reddit with day trading accounts then proceeded to short squeeze the stock and in effect, nearly bankrupt a $14 billion hedge fund in the process. The Mets new owner tried to bail it out yesterday with a $2.7 billion infusion, but that went "poof" in a matter of hours. It's a little double edged because there were probably everyday joe's that had their retirements tied up in that fund, but on the flip-side that was super unethical of the fund manager for tying the bulk of their funds up in short sells....did I get the gist of it?
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Old 01-27-2021, 09:03 AM   #6728
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This is the beginning of the end of this long Market Rally

Look for a 20% retrenchment
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Old 01-27-2021, 09:16 AM   #6729
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PLUG touched $75 yesterday and opened at 65 today after they announced an issue of common shares at that price. They did the same at $25 about two months ago. Room to grow? I bet it gets up to100 by March if there’s no massive market adjustment. Thoughts?
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Old 01-27-2021, 09:18 AM   #6730
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Is short selling in general frowned upon or is it more about Gamestop nostalgia and big money funds betting against it?
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Old 01-27-2021, 09:25 AM   #6731
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Quote:
Originally Posted by arrowheadnation View Post
Someone might have to clarify, but the way I understand it, the hedge fund Melvin Capital was a deep short seller of GameStop. A bunch of kids from reddit with day trading accounts then proceeded to short squeeze the stock and in effect, nearly bankrupt a $14 billion hedge fund in the process. The Mets new owner tried to bail it out yesterday with a $2.7 billion infusion, but that went "poof" in a matter of hours. It's a little double edged because there were probably everyday joe's that had their retirements tied up in that fund, but on the flip-side that was super unethical of the fund manager for tying the bulk of their funds up in short sells....did I get the gist of it?
I think that's the gist, yes.

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Is short selling in general frowned upon or is it more about Gamestop nostalgia and big money funds betting against it?
Eh, there's nothing particularly "wrong" with short selling except that it can depress the stock's price. However, since stock price has very little to do with a company's day-to-day operations, it MOSTLY doesn't matter. The exception that comes to mind is that companies with a high stock price have more flexible financing options in general, so if they're looking at raising capital or taking out a loan, having a ton of shorts on the stock can make that more difficult.

From what I can tell, this situation is much more about gaming the system and "sticking it to the man" than about Gamestop itself.
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Old 01-27-2021, 10:02 AM   #6732
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This guy does a good job of explaining shorts, short squeeze, naked shorting and what’s happening with GameStop

https://youtu.be/LSamMiig7-g
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Old 01-27-2021, 10:05 AM   #6733
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Anybody else hopping on the GME train?
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Old 01-27-2021, 10:06 AM   #6734
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Old 01-27-2021, 10:22 AM   #6735
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Airbnb up over 9% today and up 45% since their IPO last month. Man what a great buy!
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