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It's a war - and maybe a new day...


Terrierman

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The big boy hedge fund managers are having a time holding off a real surge of small investors banding together.  Watching this one with a LOT of interest.  I'm not smart enough to make a prediction for how it will ultimately turn out, but for sure it's a real deal.

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30 minutes ago, Gavin said:

Pretty hard to beat the street. @Ness might have a clue. I do not.

 

The street is in an uproar right now.  How this will turn out right now seems like nobody knows.  Guessing not even Ness.

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I have been a long time lurker of WSB.....its about 50/50 on how good the DD is but I use it as a place to scour for stock ideas. I do however enjoy the commentary and banter to me its millions of times more enjoyable than FB. Its my second favorite place to go online besides here.

This is absolutely hilarious to me that a bunch of "idiots" on a forum caught them with their pants down. That being said its going to cost them a lot of money (it already has) but I don't completely buy the hype that a true moon shot short squeeze is going to happen. I firmly believe they will manipulate their way out of it. I think robin hood could possibly be the biggest looser with yesterdays shenanigan's that is likely to cause them to be a target for their impending IPO, SEC scrutiny, and drop in user base.  I also hope that all the paper-handed politicians back up their threats but I firmly believe their chatter is nothing more than banter to pull votes. 
 

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I expect many retail people will be stuck with bags. 

I look at all the institutions and know that their #1 goal is to make a buck so I know there's significant holdings by institutions that could completely stop a short squeeze in its tracks. Right now though its a dog-eat-dog world and their letting the idiots that showed their hand very early do the loosing. Its effectively sharks eating sharks and the retail guys are minnows just getting some small bits(except for a few larger minnows that are getting a good dinner).

All it is going to take is someone dumping millions of shares being held and the retail guys just don't have that fire power in one coordinated effort. 

 

I bought in early and AS SOON as my shares doubled in value I sold half. Currently sitting on 10 shares @ effectively 1000% gain on a cost basis. If GME goes to zero I still will make enough to buy a cheeseburger and beer on that trade alone. I was fairly skeptical but thought minimal risk vs. potential reward so I went very small. For me the DD was decent but the fundamental play was too much in limbo to think it would work. 

On Wednesday, I played with my heart and not my head, YOLO'd bought in again @ 293. Very lucky that I timed when I did and sold for profit. 

Tried to YOLO again Thursday in the mid-$100's but TD ameritrade said nope.

At this point.....my 10 shares can ride to the moon. If they go to zero......it was worth the price of admission. I've got crazy sell limits set if something wild happens but I full expect zero vs. the moon. Even if moon happens I plan on "technical difficulties". 

I am just an average Joe. This is how it worked out for me so far. I hope it goes to the moon but if not its been a fun week. Everyone at work is talking about it. Be interesting to hear from someone that lives in this world day-to-day and get their 10cents. 

  

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23 minutes ago, Devan S. said:

I expect many retail people will be stuck with bags. 

I look at all the institutions and know that their #1 goal is to make a buck so I know there's significant holdings by institutions that could completely stop a short squeeze in its tracks. Right now though its a dog-eat-dog world and their letting the idiots that showed their hand very early do the loosing. Its effectively sharks eating sharks and the retail guys are minnows just getting some small bits(except for a few larger minnows that are getting a good dinner).

All it is going to take is someone dumping millions of shares being held and the retail guys just don't have that fire power in one coordinated effort. 

 

I bought in early and AS SOON as my shares doubled in value I sold half. Currently sitting on 10 shares @ effectively 1000% gain on a cost basis. If GME goes to zero I still will make enough to buy a cheeseburger and beer on that trade alone. I was fairly skeptical but thought minimal risk vs. potential reward so I went very small. For me the DD was decent but the fundamental play was too much in limbo to think it would work. 

On Wednesday, I played with my heart and not my head, YOLO'd bought in again @ 293. Very lucky that I timed when I did and sold for profit. 

Tried to YOLO again Thursday in the mid-$100's but TD ameritrade said nope.

At this point.....my 10 shares can ride to the moon. If they go to zero......it was worth the price of admission. I've got crazy sell limits set if something wild happens but I full expect zero vs. the moon. Even if moon happens I plan on "technical difficulties". 

I am just an average Joe. This is how it worked out for me so far. I hope it goes to the moon but if not its been a fun week. Everyone at work is talking about it. Be interesting to hear from someone that lives in this world day-to-day and get their 10cents. 

  

Volume was so crazy yesterday  morning,  I couldn’t  even log in at Ameritrade. Took me like 30 minutes and 6-7 attempts.

"Honor is a man's gift to himself" Rob Roy McGregor

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