GameStop - GME - Share Chat

Stock Discussions
41

Going to $5,000 per share

2 Likes
42

Iā€™ve taken my original investment out - fun ride and will see where it leads! $700 nets me a cool Ā£10k which is outrageous.

9 Likes
43

Shame those not a premium member canā€™t invest in this.

Then again it is going to be short-term money before it inevitably falls down, but enjoy that short term gains those that have sold. Good on you!

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44

Surely not? :joy:

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45

This is a terrible ā€œinvestmentā€. Just because someone wins in a casino or on a lottery doesnā€™t mean it was a smart or mathematically intelligible bet to begin with. AVOID

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46

Absolutely. Not touching this with a bargepole.

But!.. iā€™ll be damned if this isnā€™t the most entertaining thing iā€™ve seen in the stock market since iā€™ve began investing. Bloody spectacle! WSB is jokes :joy: :rofl:

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47

Iā€™d say its a good investment, as long as you understand whats causing the price hike and know when to get out. The squeeze has only just started.

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48

Iā€™ve stuck a tenner on it as a bet and watching the ride :popcorn:

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49

How can you be so sure? Such volatility!

An exciting one to watchā€¦ hope retail investors do not get badly burnt.

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50

Still nearing 140% short interest. Once the shares run out to cover the shorts, the price will rocket.

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51

You could cancel a month later and try to make a tenner to cover the fee. And you get stop losses for the inevitable ride down. Not advice, not one bit.

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52

So they donā€™t like it now :rofl:

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53

screenshot from 4pm :rocket:

Screenshot_20210127_184855
Screenshot_20210127_1848551080Ɨ1064 104 KB

21 Likes
54

Wow.

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55

That is blatant market manipulation. You cannot have free trade (no pun intended) when itā€™s going well and restrict trade when it is going against you. If anything, this shows how retail investors get exploited by institutional investors.

8 Likes
56

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN29W2I1

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57

Seeing a few people tweet this, will Freetrade keep us in the market as this develops?

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58

Can you explain this please? Trying to get my head around this part of the story

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59

Imagine a room with 100 chairs. Each chair seats one person. You canā€™t share.

Now imagine 140 people need to, have to get one of those chairs because all of those 140 people have a contract that obliges them to buy one of those chairs.

This means 40 people wonā€™t be able to buy the chair, therefore 40 people will crash and burn.

It also means that, because they are obliged to buy, those 40 people will have to pay whatever price the owners of the chairs want to charge them.

Thatā€™s basically it as far as I can understand it.

Itā€™s a sellers market

9 Likes
60

ā€œShort selling occurs when an investor borrows a security and sells it on the open market, planning to buy it back later for less money.ā€
https://www.investopedia.com/terms/s/shortselling.asp

ā€œWhat is a Short Squeeze? A short squeeze is when a stockā€™s price jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to prevent an even greater losses. Them buying up the stock, adds to the upward pressure on the stockā€™s price. (Basically, a short squeeze accelerates a stockā€™s price rise as short-sellers bail out, to cut their losses. Short sellers are being squeezed out of their positions, usually at a loss.)ā€
More of a lengthy read about it here: https://www.reddit.com/r/StockMarket/comments/l56f4c/gme_explanation_of_whats_going_on_with_gamestop/

5 Likes