Current Events > Stock Market General #12

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ShyOx
01/31/21 7:44:24 PM
#52:


BilalPowell posted...
Is it really worth crashing the rest of the market to save Gamestop?

Gamestops market cap is 12 billion. Thats a quarter of a tenth of a percent.

This is actually a lot better for the market long term because its exposing parts that are still very crooked even after the housing crisis. Hopefully meaningful legislation is passed.

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BilalPowell
01/31/21 7:46:24 PM
#53:


LinkDaLunatic posted...
this has nothing to do with saving gamestop

if you're going to troll at least do five sec of research
Ok, is raising Gamestop's stock to troll some billionaires while helping other billionaires worth crashing the rest of the market?

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Tyranthraxus
01/31/21 7:51:37 PM
#54:


BilalPowell posted...
Ok, is raising Gamestop's stock to troll some billionaires while helping other billionaires worth crashing the rest of the market?

What do you think is causing the market issues right now?

Is it:

A - some stock is potentially overvalued temporarily for meme reasons

Or

B - Aggressive naked shorts and the scramble to exit them

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BilalPowell
01/31/21 7:53:15 PM
#55:


The meme stock. Nobody wants to buy anything WSB isnt telling them now, causing the others to drop.

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Dat_Cracka_Jax
01/31/21 7:55:35 PM
#56:


BilalPowell posted...
The meme stock. Nobody wants to buy anything WSB isnt telling them now, causing the others to drop.
You think one sub reddit buying stocks alone is enough to crash the market? Lel

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Darmik
01/31/21 7:56:35 PM
#57:


BilalPowell posted...
The meme stock. Nobody wants to buy anything WSB isnt telling them now, causing the others to drop.

Sounds like a great time to buy to me.

Chances are it's more because of certain hedge funds having to be a bit more conservative due to losing a certain bet

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RAAAWWWRRR
01/31/21 7:56:44 PM
#58:


So.. since i'm new to this I have 2 main questions about Gamestop.

  1. So.. what's the mail goal here for Gamestop atm? Is it for it to reach $500? $700? $1K? Is this even possible since it seems pretty steady/stuck at $300?
  2. I'm reading messages all over the sites that we have to prepare for tomorrow through next week. So what exactly is gonna happen? Are many going to sell their gamestop shares or something? Will this cause a dip and will bring new potential buyers in... right?

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BilalPowell
01/31/21 7:56:45 PM
#59:


It is now that the news is talking nonstop about it making everyone think its an easy get rich quick scheme.

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BilalPowell
01/31/21 7:57:47 PM
#60:


Darmik posted...
Sounds like a great time to buy to me.
True, but some people want to withdraw in the near future.

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CapnMuffin
01/31/21 7:58:42 PM
#61:


Was playing Smash and someones handle was buy $GME
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Darmik
01/31/21 7:59:05 PM
#62:


RAAAWWWRRR posted...
So.. since i'm new to this I have 2 main questions about Gamestop.

1. So.. what's the mail goal here for Gamestop atm? Is it for it to reach $500? $700? $1K? Is this even possible since it seems pretty steady/stuck at $300?
2. I'm reading messages all over the sites that we have to prepare for tomorrow through next week. So what exactly is gonna happen? Are many going to sell their gamestop shares or something? Will this cause a dip and will bring new potential buyers in... right?

Tbh it really wouldn't surprise me if the people who gained the most from GME will sell on Monday while trying to convince everyone else to hold or buy. Like I would do the same if I was in that position.

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Lebronwon
01/31/21 8:06:01 PM
#63:


BilalPowell posted...
Is it really worth crashing the rest of the market to save Gamestop?

If market crashes that would mean a lot of great stocks on discounts.

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Not 1, not 2, not 3, not 4, not 5, not 6, not 7
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Makeveli_lives
01/31/21 8:06:31 PM
#64:


BilalPowell posted...
Is it really worth crashing the rest of the market to save Gamestop?
It makes the rest of the stock market cheaper. Had I not already been invested, I imagine now would be a great time to buy the big stable stocks like tesla and apple and microsoft.

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Delta_F14
01/31/21 8:08:54 PM
#65:


Crashing this market, with no survivors!

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#66
Post #66 was unavailable or deleted.
kage_53
01/31/21 8:20:26 PM
#67:


This isnt about saving GameStop. They have no future. Its about punishing short sellers.
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Esrac
01/31/21 8:29:00 PM
#68:


kage_53 posted...
This isnt about saving GameStop. They have no future. Its about punishing short sellers.

I'm just looking to make a little profit. I dont give a shit about the short sellers.
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whitelytning
01/31/21 8:34:32 PM
#69:


Darmik posted...
Tbh it really wouldn't surprise me if the people who gained the most from GME will sell on Monday while trying to convince everyone else to hold or buy. Like I would do the same if I was in that position.

Agreed. This is what is happening and what's going to keep happening. People that just discovered WSB are texting their friends and family the b.s. but a lot of these same people are going to get caught bag holding because they are just following the leaders and the leaders are going to be out first and quietly.

There are a ton of retail players with large portions but I think since the events of last week some are going to be exercising an exit strategy soon because it's pretty clear there are other factors in play that will prevent a true infinite squeeze.

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whitelytning
01/31/21 8:35:01 PM
#70:


kage_53 posted...
This isnt about saving GameStop. They have no future. Its about punishing short sellers.

Its about making money more than anything.

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BilalPowell
01/31/21 8:38:43 PM
#71:


Glad RH lowered the list to 8 stocks, but they added GNUS. Now I dont want to buy it. One of my old best friends. I dont have robinhood, but others do and can't buy
https://www.marketwatch.com/story/robinhood-slims-restricted-list-to-8-stocks-but-users-can-still-only-buy-1-share-of-gamestop-11612139243

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PatrickMahomes
01/31/21 8:54:09 PM
#72:


BilalPowell posted...
Glad RH lowered the list to 8 stocks, but they added GNUS. Now I dont want to buy it. One of my old best friends. I dont have robinhood, but others do and can't buy
https://www.marketwatch.com/story/robinhood-slims-restricted-list-to-8-stocks-but-users-can-still-only-buy-1-share-of-gamestop-11612139243
I had GNUS too about a week ago from an article titled something like "these three stocks could be the next GME!!!!"

Fucking robinhood scum, they're no better than trolls like me just googling shit and deciding what to put on their shitty little list

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Darmik
01/31/21 9:00:35 PM
#73:


Esrac posted...
I'm just looking to make a little profit. I dont give a shit about the short sellers.

I hope you haven't just hopped on board the last few days hoping to make a quick buck.

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Darmik
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SolidShadow3
01/31/21 9:14:24 PM
#74:


Tag for open.

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NeverOffended
01/31/21 9:18:43 PM
#75:


When you guys buy a stock do you just choose the market option so it just buys it right away at whatever, or do you do some kind of price limit?
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BilalPowell
01/31/21 9:19:41 PM
#76:


Always limit. It can shoot up for a split second then go back down.

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Makeveli_lives
01/31/21 9:26:00 PM
#77:


Asked in the last topic but asking again here, for AMC are we buying now so it goes through as soon as it opens? Cause I'm trying to put 1500 on it.

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Tyranthraxus
01/31/21 9:35:42 PM
#78:


Makeveli_lives posted...
Asked in the last topic but asking again here, for AMC are we buying now so it goes through as soon as it opens? Cause I'm trying to put 1500 on it.
We can't give you financial advice. I will say AMC has real long position potential unlike GME.

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Joeydollaz
01/31/21 9:38:07 PM
#79:


Goldman guy is saying if this GME Squeezing continues

the entire usa economy will crash

what

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Tyranthraxus
01/31/21 9:39:42 PM
#80:


Joeydollaz posted...
Goldman guy is saying if this GME Squeezing continues

the entire usa economy will crash

what
Fear mongering. He's probably got a few billions in Melvin Capital.

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Unknown5uspect
01/31/21 9:43:15 PM
#81:


Joeydollaz posted...
Goldman guy is saying if this GME Squeezing continues

the entire usa economy will crash

what
The funny thing about that is, we don't care. And for some, that's actually a plus.

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ShyOx
01/31/21 9:49:23 PM
#82:


Joeydollaz posted...
Goldman guy is saying if this GME Squeezing continues

the entire usa economy will crash

what

Categorically untrue. GameStop is capped at 12 billion dollars. Thats a quarter of a tenth of a single percent. There is 50 trillion five or take invested into the market.

so

no

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SK8T3R215
01/31/21 9:52:56 PM
#83:


S3 has the short interest being half as much now?

Hmmm

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BilalPowell
01/31/21 9:53:35 PM
#84:


When you combine Gamestop with AMC, BB, KOSS... it adds up.

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ShyOx
01/31/21 9:55:13 PM
#85:


SK8T3R215 posted...
S3 has the short interest being half as much now?

Hmmm

I predict this going a while longer

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omniryu
01/31/21 9:57:03 PM
#86:


kage_53 posted...
This isnt about saving GameStop. They have no future. Its about punishing short sellers.
Shhhh! Gamestop might here you.

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littlebro07
01/31/21 10:10:06 PM
#87:


Idk if I posted this already

but the big rumor in ENZC land this weekend is a potential partnership with Gilead

ENZC TO THE FUCKING MOON if true

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NeonOctopus
01/31/21 10:34:14 PM
#88:


@jeffhardyb0yz
I know you invest in ENZC constantly >_> I just got with a broker with OTC stocks and I'm thinking of putting some money into it. What's your opinion on it? And maybe a little overview on it lol

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Tyranthraxus
01/31/21 10:35:09 PM
#89:


NeonOctopus posted...
I know you invest in ENZC constantly >_> I just got with a broker with OTC stocks and I'm thinking of putting some money into it. What's your opinion on it?

It's been good to me but I'm only at 1200 shares. Jeff has much more.

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Esrac
01/31/21 10:38:56 PM
#90:


Darmik posted...
I hope you haven't just hopped on board the last few days hoping to make a quick buck.

I bought one share at $77 and two at $300. Glad I didn't jump in at the $400+ peak. If I sold at the current rate, I'd make about $250 off it. Worst case scenario and it absolutely bottoms out before I can sell, I'm of about $677 of my own money. Enough to suck, but not enough to be debilitating.

I'm not one to bet the farm.
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#91
Post #91 was unavailable or deleted.
RebelElite791
01/31/21 11:13:25 PM
#92:


Future_Trunks posted...
AMC is getting hyped af right now
Best be. Bought Friday before it dipped again, holding now

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SCCAN85
01/31/21 11:24:01 PM
#93:


What's the move tomorrow ladies and gentlemen? If RH allows it I want to dig myself a deeper hole in Doge

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Conker
01/31/21 11:35:16 PM
#94:


I sold my 100 shares of GNUS on Friday that Ive held since last June (Edit). If this shit moons this week it would be my typical life story.

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SolidShadow3
01/31/21 11:37:12 PM
#95:


Predictions for AMC tomorrow? I may just set a limit and forget about it but I dont want to set it to high and never sell it.

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PatrickMahomes
01/31/21 11:37:30 PM
#96:


Conker posted...
I sold my 100 shares of GNUS on Friday that Ive held since last June (Edit). If this shit moons this week it would be my typical life story.
If it makes you feel any better, robin hood put limitations on them (600 shares max I think) so that probably won't happen

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FantasticAssGas
01/31/21 11:53:10 PM
#97:


Future_Trunks posted...
AMC is getting hyped af right now

To $200 next week!
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Ushiromiya
01/31/21 11:53:30 PM
#98:


FantasticAssGas posted...
To $200 next week!
shut up...

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Conker
01/31/21 11:55:29 PM
#99:


Ushiromiya posted...
shut up...

Why the fuck would you not want that? Cant buy in?

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ShyOx
01/31/21 11:56:28 PM
#100:


Conker posted...
Why the fuck would you not want that? Cant buy in?

No way, thatd be a bigger percentage than what GME will reach is why lol

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Fossil
01/31/21 11:57:07 PM
#101:


Conker posted...
Why the fuck would you not want that? Cant buy in?
It's because AMC's not going to moon that high, lol. $30 is being more realistic. GME is where the short is happening. AMC is just piggybacking to a much much lesser extent.
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