Na, still sideways
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A certain other commission free broker is having issues with orders and sells etc today, wonder if it might snowball like last time
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It’s resisting and dropping, then climbing, rinse and repeat.
OK so I will pop my head up gingerly and ask a question, feel free to ridicule me. A bit of backstory, I met a man & his dog, whilst walking my dog. As we walked we chatted & he introduced GME & Freetrade. I have no previous trading experience but at 54 I am keen to keep learning about lots of things. So when I got home I opened an account & bought 2 shares, this was a couple of months ago. I sold one & covered my investment so still hold one, so you can see I am tentatively trying to learn. My question (I have tried to research it, but my brain is a bit rigid these days) what will an increase in volume suggest?
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More people are buying and selling it.
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Ha ha. Thanks
In the ideal scenario it would mean that hedge funds are being forced to start covering their short shares. There is a lot of belief that a good proportion of these shorts are ‘naked shorts’ or essentially shares sold that were never borrowed to begin with. In order to cover they’d have to buy the shares at the market price and this buying pressure should force the price up.
That’s the ideal scenario mind, as Adam said could simply be day trading. people selling, etc.
OK, many thanks 
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Also, make sure you remember that what’s going on here isn’t normal investing, so not necessarily expect to get this result with any other stock in the future…
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My target is 420 mil. So sideways lol
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What a pull back!
Thanks, I got that from the chap in the wood, it was a strange introduction & strange trading circumstances, very interesting, whatever, it has changed my perspective a little, which can be a good thing.
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In that case, spare a thought for the owners of the 4.5% (over 3 million shares) that were bought at over $300.
Kind of irks me slightly that obviously-welcome visualised info like this seems to have to be presented as “no one is selling! Everybody is holding!”… I mean, the truth is that a smallish few are selling bits here & there when golden opportunties arise (I let a tiny handful [single figures] go when it went just above $340 yesterday myself), it’s just that it’s not enough to make much of a dent overall, which in itself is absolutely a win-win for pretty much everyone in retail, surely?
The fact that the vast majority is happy to keep on holding for the moon, and a relative few others can make these superb mini-trades while still holding most and not spoiling the apes’ day, that just seems an even better message to me than the spin on it that nobody at alll is selling any - I of course get that it’s not meant like that in an absolutely literal sense, and I suppose that there are some in the ranks who really do need the constant reassurance, plus they want to discourage trading and keep everyone on the same diamondhands page, but y’know… when a truly significant number of people do decide to sell, whenever that is, they’ll sell, and there’s not much anyone else will be able to do about that then. It’s lovely that most are holding firm at the moment, as it’s allowing some of us to “safely” realise drip-fed profits on the way, and when you’re at a point where you’re basically playing with completely free shares (I’ll end up with a very decent stack of em myself soon at this rate), any proper intense squeeze scenario is just gona be like a cool breeze, whatever may go down =D
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The fundamentals are misunderstood and this means the risk is far far reduced from others’ opinions imo.
The float is small, GME is a fantastic proposition, I feel I can hold as long as I want. I haven’t bet more than I can lose.
If there is as many fake shares as we suspect, oooo ya beauty I’m in the money bruh.
Where’s the downside?
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It’s truly ridiculous how little downside there is if you got in at a decent price (and there have been plenty of opportunities to)… I can’t see any for me, and I’ve been looking as hard as I can =/
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This. I’m in at a low price and know even if I slept through the squeeze the shares are still worth more than what I paid.
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The Hyperbolic Hodlers lol. All = Most I think as opposed to any sort of ill intent
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