LurkerFAQs,
Active Database ( 12.01.2023-present ),
DB1,
DB2,
DB3,
DB4,
DB5,
DB6,
DB7,
DB8,
DB9,
DB10,
DB11,
DB12,
Clear
Last Topic: 12:42:58am, 08/04/2023
Last Post: 12:45:54pm, 05/15/2024
Tyranthraxus posted...
Because that's when the squeeze stopped and the stock started crashing. If you bought at $700 well sucks for you but cash out at $500 and cut your losses. Don't "diamond hands" thinking it's going to go back. People were posting screenshots of calls with strike prices of $3000 on WSB ffs.
This is exactly why I say you didn't understand what was going on. It's what you saw.
Tyranthraxus posted...
As for "the real value of the stock" it ain't $700. GME was manipulated by short attacks to be worth way less than it actually was but the true unmanipulated value of the company is still way less than $700 a share. The Short Squeeze price wasn't based on company value. It was based on a combination retail pump & margin calls.
No one thought that. I agree that the short squeeze wasn't based on company value. But the company value was never a major factor in why people were rallying around GME (it certainly was a reason why hedgefunds were shorting it to oblivion, I'll give you that). It's the sheer accounting fraud that people were going to exploit and abuse and this fraud, the over 140% short is what both you and Kuuko are heavily undervaluing.
---
https://i.imgur.com/WmIB016.jpg https://i.imgur.com/53FGj6K.gif