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9/22 Thread (BC):
Additional Posts in Personal Investment Chatter
Short the vix?
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9/22 Thread (BC):
Short the vix?
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Honestly though GME is a ripple effect of the frustration normal people have against the wealthy.
Who wouldn’t want to tell hedge funds/short sellers to shove it up their behind? Why should people make money betting against performance?
Pro
BTW screw Citron, they are the enemy how many bs moves has Andrew left made to screw over people I applaud what the WSB folks are doing to him
It’s fueled by WSB - they’ll YOLO their entire life’s savings into something just for fun/an internet stranger told them to. So it’s 50/50 on what will happen, they’ll either find something else that interests them more and it’ll drop or they’ll take the attention they’re getting for this as incentive to hold it up as long as possible no matter what (and they’re crazy enough to do that).
I’m pretty sure them pumping it all started just to spite someone who was shorting it in the first place.
Basically this was a "screw you" to Citron Research who were claiming to be modern oracles with sage wisdom like "brick and mortar video game stores aren't going to be successful long term".
WSB all got together to buy and drive up the stock value lol.
GME and BB and the r/WSB phenomenon we are witnessing is proof the market has gone off the rails. How will it end? Nobody knows.
Pro
Don’t underestimate WSB, they are killing Citron and will hold until he’s in BK, same move on BB and NOK, bunch of folks we the goal of killing the shorts, Elon must love it
Gamma squeezes
Still want to short it?
Kinda, yeah!
All speculation: I think it will stabilize between 30-50. I think there have been some actual good improvements with the company, between leadership changes and video game industry growth, expanding into PC components.
Am I going to short it? Hell no. Do whatever it takes to cleanse your mind of FOMO.
Why would you risk this?
It also dropped just as much in a few hours. Good luck.
Chief
It’s all just crazy I don’t have the balls to get in either way haha
Pro
Follow wallstreetbets... these dudes call themselves the degenerates and do things I find repulsive and braver than anything. I would advise not playing with this fire 🔥
Reading some of their comments is actually hilarious. They think they are geniuses for being up 25-50% in 2020. Like chill... you coulda got that return in QQQ lol
Visual Storyteller
Just buy some puts
Chief
The highest price target of the 8 or so analysts that cover the stock was 18
Good luck finding a broker who will allow you to short.
Never thought I would see something like this in my life.