#1203

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#1204

Pretty much

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1 Like
#1205

I for one am looking forward to another wholesome and good natured day of stonks trading starting soon

11 Likes
#1206

I’ve blocked out half an hour in my calendar for market opening to watch.

Wasn’t brave enough to call it “stonks” though

#1207

Yeah that’s the problem with this meme

1 Like
#1208
  • We like the stock
  • Eh?

0 voters

#1209

(just to clarify, this isn’t a “I’ve bought shares in Gamestop” poll, it’s a poll about whether or not we like the stock; nothing more, nothing less.

#1210

So my current understanding (very likely wrong) is that the current increases is driven by people getting in on the bandwagon but not actually by the hedge funds having to rebuy the shorted stock yet, because the short interest is still at 138-140%?

So the crunch comes tomorrow (market close? market opening) when the shorts expire and the hedge funds have to start actually buying back the stock at the much higher prices, which is what /r/wallstreetbets is counting on to make it really take off. Which relies on people not being spooked into a mass sell-off before next week.

I think.

Purple monkey dishwasher

1 Like
#1211

yeah pushing to Friday close of markets, or holding on over the weekend, making the traders panic and making an even bigger squeeze happen on Monday is what i’ve read about

literally can’t tell what’s memes and what’s reality though!

#1212

My understanding is that the short interest level hasn’t changed much, but it’s because new positions are being taken to replace the ones that are being closed out, so the short squeeze is happening already, it’s just some people think they can ride out the wave and capitalise after the sell-off. We know that a couple of big investors have already closed out at a massive loss.

#1213

Man, this dude always comes across so well. I really like the work he tried to do around income inequality in San Francisco too. I know there’s a ceiling to how “decent” a venture capitalist can be but he seems to be bumping against it

1 Like
#1214

I guess everyone has already found out that 212 has suspended trading in AMC and GME :grinning:

#1215
1 Like
#1216

20 posts ago

2 Likes
#1217

I muted everyone years ago so I’m golden.

#1218
20 Likes
#1219

Still trying to get my head round all this, but I assume this is significant?

#1220

Robinhood apparently now not permitting purchase of GME, Nokia, AMC or Blackberry

1 Like
#1221

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#1222

Haha not seen that one before!

5 Likes