[GameStop GME trading mega-thread]
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Re: [GameStop GME trading mega-thread]
I think some institution must have gotten margin called.
Look at GME BB AMC CLOV WKHS KOSS stocks.
They all shot up and crashed at the same time.
And then I looked at AMC for instance:
https://iborrowdesk.com/report/amc
At the same time, 3.2 million short shares got covered. And fee for borrowing AMC went down.
And not only that:
https://www.marketwatch.com/investing/s ... ote_switch
At the very same time, there was a spike of a bunch of 1 million AMC purchases + a 4 million AMC share purchase.
Everything points to a margin call. And before someone replies back "that was too small to be a margin call", let me just state that this level of margin call is probably in the magnitude of billions. That's quite a lot of money for an instant cover. Plus, the data actually points to shorts covering so there's that too.
Look at GME BB AMC CLOV WKHS KOSS stocks.
They all shot up and crashed at the same time.
And then I looked at AMC for instance:
https://iborrowdesk.com/report/amc
At the same time, 3.2 million short shares got covered. And fee for borrowing AMC went down.
And not only that:
https://www.marketwatch.com/investing/s ... ote_switch
At the very same time, there was a spike of a bunch of 1 million AMC purchases + a 4 million AMC share purchase.
Everything points to a margin call. And before someone replies back "that was too small to be a margin call", let me just state that this level of margin call is probably in the magnitude of billions. That's quite a lot of money for an instant cover. Plus, the data actually points to shorts covering so there's that too.
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Re: [GameStop GME trading mega-thread]
Its either a coincidence or $350 is a significant number. GME has been near or over $350 multiple times, but has yet to close above it and has been aggressively pushed down in both March and now June once it got around that number.
Q1 Earnings and shareholder meeting tomorrow... How exciting
Q1 Earnings and shareholder meeting tomorrow... How exciting
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Re: [GameStop GME trading mega-thread]
Closed at exactly $300.00. And not for the first time. Fascinating.
I know you can always find pattern if you really look for one, even when it's not there. Still it looks pretty interesting how GME closed at nice round numbers for 3 trading days in a row in the past:
Jan 29, 2021 - 325.00
Feb 01, 2021 - 225.00
Feb 02, 2021 - 90.00
I know you can always find pattern if you really look for one, even when it's not there. Still it looks pretty interesting how GME closed at nice round numbers for 3 trading days in a row in the past:
Jan 29, 2021 - 325.00
Feb 01, 2021 - 225.00
Feb 02, 2021 - 90.00
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Re: [GameStop GME trading mega-thread]
So, we set up a hedge fund composed of GME options and TQQQ/FNGU?elderwise wrote: ↑Tue Jun 08, 2021 9:39 amDamn right 336 gme I don't know what's driving it to stratosphere but all memes are shooting for the 7th Heaven.bugleheadd wrote: ↑Tue Jun 08, 2021 9:37 am so the MOASS hasnt squozen yet? this is just the beginning?
Meanwhile total markets are taking a break. I noticed my 3x tqqq fngu dip each time these memes shoot all a confidence ofcourse.
- xraygoggles
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Re: [GameStop GME trading mega-thread]
I'm currently in orbit with CLOV WISH AMC
Any other astronauts?
Any other astronauts?
Simplicity is the key to brilliance - Vti & chill.
Re: [GameStop GME trading mega-thread]
Rolled my amc gainz into clov at 12 basis 1000 sh let's go.xraygoggles wrote: ↑Tue Jun 08, 2021 7:51 pm I'm currently in orbit with CLOV WISH AMC
Any other astronauts?
Well seemingly it's a lottery where we keep winning maybe we did really find the penultimate winfall lottery .
It's getting so crazy my friend joined in too sold his tqqq at gain Rolled into clov.
I also see no harm in doing this with 10 20 30k whatever you feel.comfortable losing all no way yolo 200k lol.. my 401k and other retirement is all 100% index funds all the way.
Re: [GameStop GME trading mega-thread]
Nope. But considering FOMOing in on WISHxraygoggles wrote: ↑Tue Jun 08, 2021 7:51 pm I'm currently in orbit with CLOV WISH AMC
Any other astronauts?
I’d trade it all for a little more |
-C Montgomery Burns
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Re: [GameStop GME trading mega-thread]
Gamestop is up over 2000% so far in 2021
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Re: [GameStop GME trading mega-thread]
Waving at you through the window of my AMC rocket that was launched at the beginning of this year. The view is quite breathtaking...*diamond hands*xraygoggles wrote: ↑Tue Jun 08, 2021 7:51 pm I'm currently in orbit with CLOV WISH AMC
Any other astronauts?
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Re: [GameStop GME trading mega-thread]
AMC YTD 2,385%
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Re: [GameStop GME trading mega-thread]
I see 1,100% which is still huge and AMC did drop 10% today though so that could be a factor. I'm happy for anyone who invested in AMC this year though.
GME is 1700% so the math is probably effected by the January volatility. Anyways, it's been some awesome pandemic entertainment. I stopped watching Netflix because of it lol. That's bullish for movie theaters, right?
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Re: [GameStop GME trading mega-thread]
health teacher wrote: ↑Wed Jun 09, 2021 1:49 pmI see 1,100% which is still huge and AMC did drop 10% today though so that could be a factor. I'm happy for anyone who invested in AMC this year though.
GME is 1700% so the math is probably effected by the January volatility. Anyways, it's been some awesome pandemic entertainment. I stopped watching Netflix because of it lol. That's bullish for movie theaters, right?
AMC Entertainment Holdings Inc
49.34 USD
+47.33 (2,354.73%)year to date
Closed: Jun 9, 5:57 PM EDT · Disclaimer
After hours 46.98 −2.36 (4.78%)
NYSE: AMC
Yes, it’s certainly entertaining indeed and i bought them mostly for the same reason and i love movies so there you have it!
Re: [GameStop GME trading mega-thread]
GME rocket sputtering. Someone pulled the string today.
I’d trade it all for a little more |
-C Montgomery Burns
Re: [GameStop GME trading mega-thread]
That explains the drop in small-cap index funds today when the rest of the stock index funds are positive. I see that GME is the largest holding in VIOO / SPSM / S&P small 600 and was about 3 times the fraction of the 2nd largest holding, so the more than 20% drop in GME today will still leave it as the largest holding.
Re: [GameStop GME trading mega-thread]
The chatter sure does die down when there's a 20% drop...IN ONE DAY.
The true value (pre price pump) of this stonk is probably around $5 a share. If you bought above this level, you are truly gambling.
The true value (pre price pump) of this stonk is probably around $5 a share. If you bought above this level, you are truly gambling.
VTI 48%, VXUS 12%, BND 40%
Re: [GameStop GME trading mega-thread]
you gotta stop looking at historical stuff and more at rockets, diamonds, and maybe hands
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Re: [GameStop GME trading mega-thread]
I mean I did post that the 'old shorts' covered last week when AMC took a meteor like rise to $70+. The data is in public.
Then the votes came out and all the theories were shown wrong.
So ya, of course new shorts are going to come and take advantage of this.
Markets are not efficient. People shorting these meme stocks are about to make a lot of money.
Congratulations to them.
And GME is probably worth more than a few dollars now that it has no debt. But still, nowhere near the price it is currently and since there's so much liquidity due to 'paper hands', shorts are going to have a field day.
Weird cause if EMH is 100% true, none of this should be happening. But it seems there's basically "free money" on the table for many of these meme stocks going down.
Weird world we live in.
And somehow, the downward trend isn't "instant" like EMH would claim. It's not in 1 second. It takes a few days if not a few weeks/months from here on.
A slow gradual bleed down. I guess markets at end of day are traded by humans/bots, not all knowing entities.
Then the votes came out and all the theories were shown wrong.
So ya, of course new shorts are going to come and take advantage of this.
Markets are not efficient. People shorting these meme stocks are about to make a lot of money.
Congratulations to them.
And GME is probably worth more than a few dollars now that it has no debt. But still, nowhere near the price it is currently and since there's so much liquidity due to 'paper hands', shorts are going to have a field day.
Weird cause if EMH is 100% true, none of this should be happening. But it seems there's basically "free money" on the table for many of these meme stocks going down.
Weird world we live in.
And somehow, the downward trend isn't "instant" like EMH would claim. It's not in 1 second. It takes a few days if not a few weeks/months from here on.
A slow gradual bleed down. I guess markets at end of day are traded by humans/bots, not all knowing entities.
Last edited by fwellimort on Thu Jun 10, 2021 1:48 pm, edited 1 time in total.
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Re: [GameStop GME trading mega-thread]
Certainly the current stock price is a bit rich, but Gamestop raised $550 million in its April stock offering. It plans to offer 5 million more shares, presumably raking in another $500 million to $1 billion. That extra cash alone (essentially a donation from investors) is worth about $10/share.
- xraygoggles
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Re: [GameStop GME trading mega-thread]
Merely a launch failure, my robotic friend.
Apes have been hard at work over the past month, but unfortunately, bananas have run out, and without sufficient sustenance for the trip, cannot resume at this time.
Simplicity is the key to brilliance - Vti & chill.
Re: [GameStop GME trading mega-thread]
You guys keep saying $5, and yet I keep flipping GME and buying furniture
I’d trade it all for a little more |
-C Montgomery Burns
Re: [GameStop GME trading mega-thread]
Report card is in....and down 27.16% today. Were you smart enough to sell yesterday??
VTI 48%, VXUS 12%, BND 40%
- xraygoggles
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Re: [GameStop GME trading mega-thread]
GME is not going below 150s for the forseeable future, AMC likely not going below 30-40s - something like 80% is owned by retail for both of these stocks.
Best way to play it is to, wait for it, buy low and sell high. I use options, but shares work just as well.
Best way to play it is to, wait for it, buy low and sell high. I use options, but shares work just as well.
Simplicity is the key to brilliance - Vti & chill.
- Random Musings
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Re: [GameStop GME trading mega-thread]
I remember people saying the same things about high flying tech stocks in the late 90's, and I'm not talking about the garbage ones like pets.com. Retail owned a large percentage of those stocks too, and they took a very large haircut.xraygoggles wrote: ↑Thu Jun 10, 2021 7:21 pm GME is not going below 150s for the forseeable future, AMC likely not going below 30-40s - something like 80% is owned by retail for both of these stocks.
Best way to play it is to, wait for it, buy low and sell high. I use options, but shares work just as well.
For all the posters who are touting these big wins, I don't see much real time support of these trades. It's like Redditt thought is starting to seep into this board more and more. I look at the last string of posts, about 1,000% plus quick returns, bananas, launches and the like.
I'm starting to question the actionability of this thread.
RM
I figure the odds be fifty-fifty I just might have something to say. FZ
Re: [GameStop GME trading mega-thread]
I sold a bit too early this time actually. Last week. Cost myself half a couch.
I’d trade it all for a little more |
-C Montgomery Burns
Re: [GameStop GME trading mega-thread]
Just like .com. Trading on volatility. Rinse and repeat every time in swings up and drop. Strategy works well until it doesn't. Who knows when the bubble will burst.
Just don't bet more you can afford to lose. If you are going to max out on your HELOC, make sure you can still afford to pay it in the event it implodes.
Seems like the big winner is George Sherman with a 1.1 million shares parachute.
Just don't bet more you can afford to lose. If you are going to max out on your HELOC, make sure you can still afford to pay it in the event it implodes.
Seems like the big winner is George Sherman with a 1.1 million shares parachute.
- xraygoggles
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Re: [GameStop GME trading mega-thread]
Unlike GameStop, AMC is actually using its meme-ness to its advantage:
"AMC shares were up more than 5% after S&P Global Ratings upgraded the company’s credit rating to CCC+ from CCC-, a two-notch upgrade that still leaves the company’s debt deeply in what is considered junk bond territory.
If AMC uses its recently acquired cash to pay down debt, refinances expensive debt incurred during the pandemic and sees improved theater attendance, it has “a path to a sustainable capital structure,” S&P said."
Too bad it popped again today, I was looking forward to reloading for the launchpad next week... c'est la vie.
"AMC shares were up more than 5% after S&P Global Ratings upgraded the company’s credit rating to CCC+ from CCC-, a two-notch upgrade that still leaves the company’s debt deeply in what is considered junk bond territory.
If AMC uses its recently acquired cash to pay down debt, refinances expensive debt incurred during the pandemic and sees improved theater attendance, it has “a path to a sustainable capital structure,” S&P said."
Too bad it popped again today, I was looking forward to reloading for the launchpad next week... c'est la vie.
Simplicity is the key to brilliance - Vti & chill.
- firebirdparts
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Re: [GameStop GME trading mega-thread]
let's face it, if you pay all your debts using "literally free money" then there's no more sustainable "capital structure" than that in the world. This is the same as saying water is wet. These companies have no need of debt the way companies do that actually have a future. I guess AMC can hang on 100 years, but I think hanging on is about all I would hope for. They aren't trying to offer a whole lot more, whilst our electronics and entertainment systems at home are growing by leaps and bounds.
It's pretty hard to go bankrupt when you're not in debt.
It's pretty hard to go bankrupt when you're not in debt.
This time is the same
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Re: [GameStop GME trading mega-thread]
It seems many of these institutions are losing money still.
Melvin Capital, Light Street Capital, etc. are posting losses last month.
https://www.ft.com/content/ca1090ba-c3a ... e0e01bb510
Mudrick Capital even with over $40 million in profit by dumping AMC (by getting AMC shares directly) + AMC bonds is also negative.
https://www.bloomberg.com/news/articles ... pId=google
What an interesting time we live in. How come the share price can never break past $350 even back in March.
Why is it when it goes right before $350, GME shares crash in price? Who knows. Wait till next week.
Melvin Capital, Light Street Capital, etc. are posting losses last month.
https://www.ft.com/content/ca1090ba-c3a ... e0e01bb510
Mudrick Capital even with over $40 million in profit by dumping AMC (by getting AMC shares directly) + AMC bonds is also negative.
https://www.bloomberg.com/news/articles ... pId=google
What an interesting time we live in. How come the share price can never break past $350 even back in March.
Why is it when it goes right before $350, GME shares crash in price? Who knows. Wait till next week.
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Re: [GameStop GME trading mega-thread]
A 20% drop only really took the price back to like 2 weeks ago. I think its actually pretty encouraging, personally. "Their" ability to nuke diminishes each cycle. Back in January they were able to take it from 483->110 and 325->40. In march 345->170. Its at about 230 now. Thats actually incredible.
- xraygoggles
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Re: [GameStop GME trading mega-thread]
And once the 5M new shares are offered, you can be damn sure the apes will gobble those up like ripe bananas.VtsaxParade wrote: ↑Sun Jun 13, 2021 10:53 amA 20% drop only really took the price back to like 2 weeks ago. I think its actually pretty encouraging, personally. "Their" ability to nuke diminishes each cycle. Back in January they were able to take it from 483->110 and 325->40. In march 345->170. Its at about 230 now. Thats actually incredible.
Simplicity is the key to brilliance - Vti & chill.
Re: [GameStop GME trading mega-thread]
Let me know when we’re piling back in. I’ll get my space helmet out of the closet. I’m gonna play this baby to the MOAS, or alternatively, to the mother of all rug pulls (MOARP)xraygoggles wrote: ↑Mon Jun 14, 2021 12:44 pmAnd once the 5M new shares are offered, you can be damn sure the apes will gobble those up like ripe bananas.VtsaxParade wrote: ↑Sun Jun 13, 2021 10:53 amA 20% drop only really took the price back to like 2 weeks ago. I think its actually pretty encouraging, personally. "Their" ability to nuke diminishes each cycle. Back in January they were able to take it from 483->110 and 325->40. In march 345->170. Its at about 230 now. Thats actually incredible.
I’d trade it all for a little more |
-C Montgomery Burns
Re: [GameStop GME trading mega-thread]
What a day.
+27.53%
(I'm in with a very small amount)
+27.53%
(I'm in with a very small amount)
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- firebirdparts
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Re: [GameStop GME trading mega-thread]
How in the world did that happen? AMC up 20% too.
This time is the same
Re: [GameStop GME trading mega-thread]
No, I hadn't heard about that.lazynovice wrote: ↑Tue Aug 24, 2021 10:22 pm Ah, but are you following the advice of registering your shares with Computer Share so the apes can sniff out the synthetic shares? I am fascinated by this.
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Re: [GameStop GME trading mega-thread]
You are lucky000 wrote: ↑Tue Aug 24, 2021 10:43 pmNo, I hadn't heard about that.lazynovice wrote: ↑Tue Aug 24, 2021 10:22 pm Ah, but are you following the advice of registering your shares with Computer Share so the apes can sniff out the synthetic shares? I am fascinated by this.
Re: [GameStop GME trading mega-thread]
What do you mean by that?lazynovice wrote: ↑Tue Aug 24, 2021 10:45 pmYou are lucky000 wrote: ↑Tue Aug 24, 2021 10:43 pmNo, I hadn't heard about that.lazynovice wrote: ↑Tue Aug 24, 2021 10:22 pm Ah, but are you following the advice of registering your shares with Computer Share so the apes can sniff out the synthetic shares? I am fascinated by this.
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Re: [GameStop GME trading mega-thread]
Sorry for the delay. The apes are trying to trigger the MOASS by asking for shares they hold to be registered directly in their names. They believe when they do this, it forces brokerages to find real shares to register and if they are holders of synthetic shares it requires the broker to find and buy real shares. So brokers who have lent out shares will pay ever increasing prices. And of course the hedge funds will have to pay more too. Something like that. You can read about it on Reddit.000 wrote: ↑Tue Aug 24, 2021 10:50 pmWhat do you mean by that?lazynovice wrote: ↑Tue Aug 24, 2021 10:45 pmYou are lucky000 wrote: ↑Tue Aug 24, 2021 10:43 pmNo, I hadn't heard about that.lazynovice wrote: ↑Tue Aug 24, 2021 10:22 pm Ah, but are you following the advice of registering your shares with Computer Share so the apes can sniff out the synthetic shares? I am fascinated by this.
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Re: [GameStop GME trading mega-thread]
Derivatives.
I won't pretend to understand the ins and outs of it all, but there really seems to be a "meme basket" before this all went mainstream in January of 2021. Institutions appear caught in some sort of quarterly cycle.
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Re: [GameStop GME trading mega-thread]
Insane buying power from retail and institutions buying up Call Options.
Remember, 1 Call Option is a contract for 100 shares. So each time a call option goes ITM, that call option needs to have 100 shares ready (in case the holder decides to exercise).
With so many call options, once one chain goes ITM, the price goes up leading to more call options to go ITM. And that creates a stairway effect for the price to keep rising.
It's one of reasons why AMC price shot up to $72+ in the past within a day.
The sheer demand of the stock drives the price up and theoretically, you can create a situation in which call options have to buy shares but no shares are available at the moment in the market.
At that point, I assume the SEC would step in. Quite something to evidence.
Think of call options as 'forced buyers'. If a stock reaches a certain price X, Y amount of shares are 'forced' to be purchased regardless of price (if the call option doesn't have the shares). Repeat that phenomenon and each call option drives price up which forces higher price call options to also go ITM (in the money).
- firebirdparts
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Re: [GameStop GME trading mega-thread]
Well, I guess I meant "why now after all this time" now "how". But anyway I was just making idle conversation.
While i admit the prices have remained high for * a year * (not joking), it seemed like there was little progress from June 4 until suddenly this week. I guess I should have been asking why GME was still high.
Clearly, the people buying have plenty of buying power. That's very clear.
While i admit the prices have remained high for * a year * (not joking), it seemed like there was little progress from June 4 until suddenly this week. I guess I should have been asking why GME was still high.
Clearly, the people buying have plenty of buying power. That's very clear.
This time is the same
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Re: [GameStop GME trading mega-thread]
GME down to $177. Any Bogleheads still hodling?
Re: [GameStop GME trading mega-thread]
All the "Total Market" and "Extended Market" index fund hodlers have kept on hodling...
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
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Re: [GameStop GME trading mega-thread]
Diamond hands
Re: [GameStop GME trading mega-thread]
To the Moon!!!
Re: [GameStop GME trading mega-thread]
Still in with a very small holding.
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Re: [GameStop GME trading mega-thread]
What's an exit strategy?
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Re: [GameStop GME trading mega-thread]
The Real diamond hands are Bogleheads.
No individual stocks.
Re: [GameStop GME trading mega-thread]
Some interesting price action lately. Any hodlers left?