I believe WSB subreddit went back to its roots to discuss other Investments etc rather than specifically focus on GME.
/r/superstonk is the subreddit that focuses on GME anyway
Far from the end of the road
I believe WSB subreddit went back to its roots to discuss other Investments etc rather than specifically focus on GME.
/r/superstonk is the subreddit that focuses on GME anyway
Far from the end of the road
Hello Motley Fool is that you?
Have you also got â5 Surging Stocks That Will Soon Soarâ tips for me?
People believe all sorts of crap they read these days.
Also crypto is banned on WSB, even the word bitcoin is forbidden so this article doesnât hold up.
hello 200
0.8% to the moon.
To the moon
Breaking the $200 barrier again was a significant hurdle, so it is nice to see. In one of my earlier posts here I mentioned that being a bit of a magic number that bodes really well if it holds and pushes further. At the very least, a cycle of bobbing up and down between ~$100 and ~$200 every few months is great for nibbling off a good bit of realised profit now and then without having to part with much at all (I know diamond-hands arenât supposed to let go of even a fraction, but if youâre a bit flexible itâs all looking pretty sound at the moment if youâve been in it for the long haul)
So, if the public float of GME is 57M shares, the volume of todayâs trades was 5.86M according to Google Finance. That means 10% of the possible shorting could have been covered today alone without the price going especially high.
https://gme.crazyawesomecompany.com/
This tracks the shorted amount daily. Still shorting = not covering. Also remember that most of their short positions were opened at much lower prices so covering here would be veeeery expensive.
(edited for clarity)
That says 62.2% shorted. I thought it was supposed to be over 100%.
That means 62.2% of that days trades were sold short. Nothing to do with the overall short percentage
You mean if every single trade was a cover for a short and the price increased by 16% without any buying pressure whatsoever?
Theyâre trolling you my man, leave these forums be. These guys are on a GME specific thread just to piss on the bonfire.
There is no reasoning with them, theyâre motley fool, mad moneyâs audience, GmE iS bRiCK aND MortAr iTâs DeAd type of people you know.
I mean itâs not like Gamestop just got into the NFT game, or that when you click the dot on the website a game launches with a cat (roaring kitty) in a banana suit(reference to apes) jumping over rockets on the moon. I mean itâs not like it looks like a crypto dividend may soon be introduced to shake out the shorties.
Nah man, this company paid off itâs debt, poached top tier talent from other very BIG companies and has pivotted into the digital space as a tech companyâŠyeah, leave the trolls here be.
You can lead a horse to waterâŠ
Youâre undoubtedly right. My aim isnât to convince the trolls though, it isnât to convince anyone. Just to provide some juxtaposition. I had been questioning the motives of some that post here but I see from recent comments that this is based in ignorance as opposed to malice.
Honestly yes. If I had to cover as many shorts as you guys think these guys need to cover, Iâd be slowly buying them up like this so that the price didnât rise too much. The fact that normal people can buy shares at this time too gives some indication that they donât consider the situation that urgent yet.
You make it sound as if it is a privilege that us ânormalâ people are able to buy stock floated on the general market. Furthermore, it might only be deemed a concern when there is total market manipulation and we are no longer allowed to buy shares. Lightening doesnât strike twice but I do believe there will be more underhand tactics in this saga
Is that really how you interpreted it? I think that says more about your opinions.
My point is that itâs possible to buy shares and they donât feel exactly scarce. If I wanted to buy a lot, Iâd do it slowly and at only just above market rate, so that the price didnât rise and keep doing it until Iâd covered the position.
My point is that if I, as a retail investor and a fairly clueless one at that, can easily buy shares on the normal markets, Iâm sure a professional investor with access to many more methods of buying is also able to buy some.
And if there are close to 6 million shares being traded daily, and I desperately needed them and thought the price could be forced higher, I wouldnât just be watching them all go by, Iâd be buying as many as I could at the current price.