Gamestop, Wall Street and Reddit.

[Elysian]

Why did it hit $200. What’s the new meme?

No one really knows.

[0091/2]

Why hold? Why not sell at $200?

I try selling my one share of GME after hours. It just wouldn't sell. I don't get it. It keeps passing my price limit. I'm constantly canceling orders adjusting the price. I settle at 170 - trade price shoot passed it to 180. My order was hovering for over 10mins still didn't sell. What am I missing?

First, it hit $200 after hours, I don't have an account that can trade after hours.

Second, we'll see when I sell.

I didn't realize there are accounts that can't trade after hours. I'm pretty sure I bought trades after hours before. I can't remember if I ever sold anything.

[0091/2]

No one really knows.

Yesterday night Conan O brian twitter he bought GME. Maybe he has influence? or Is this the second squeeze WSB Retards foretold?

[Nascar24]

I would drop this stuff now if you still got it, suprised it spiked again, This is a $3 to $5 stock. I was surprised it was still holding around $50 all this time.

[AllexxisF1]

My AMC has been slowly rising in the past week. Once theaters open it should make back what I lost, maybe by Christmas.

DIAMOND HANDS on my 14 shares.

[0091/2]

I would drop this stuff now if you still got it, suprised it spiked again, This is a $3 to $5 stock. I was surprised it was still holding around $50 all this time.

It keep spiking I don't know when to sell. $400 was the peak last time. The media was saying it won't go up that high again. WSB wants it 1000k. I don't think that's possible. It just drop to 137. Is that the time to drop out? It just halted at 137.06. Bid 20.10? Is that normal?

[Elysian]

It keep spiking I don't know when to sell. $400 was the peak last time. The media was saying it won't go up that high again. WSB wants it 1000k. I don't think that's possible. It just drop to 137. Is that the time to drop out? It just halted at 137.06. Bid 20.10? Is that normal?

65k shares were sold at $137, caused the halt.

Last time it hit around $490. Who knows what happens now. Trading just came back and it's up again.

edit: 2nd halt of the day.

[0091/2]

65k shares were sold at $137, caused the halt.

Last time it hit around $490. Who knows what happens now. Trading just came back and it's up again.

edit: 2nd halt of the day.

i guess it's gonna tank now?

[Elysian]

i guess it's gonna tank now?

Dip was expected by many.

[Elysian]

We've had 3 halts on the down swing and now a 4th halt on the up swing. Market hasn't even been open 30 minutes yet

[0091/2]

Dip was expected by many.

Do you have any expectations of what amount it will hit today? Is over 170 realistic?

[Elysian]

Do you have any expectations of what amount it will hit today? Is over 170 realistic?

No idea, just along for the ride.

[AllexxisF1]

Sold my AMC and bought 1 share of GME.

DIAMOND HANDS BABY!

Daddy Musk is gonna take us to Mars!

[0091/2]

No idea, just along for the ride.

[yt]ta9FfikSl9M[/yt]
So people are betting on the expiring contract tomorrow. Are you gonna ride pass the expiring contracts? It's crazy people yolo on the potential that an expiring contract made before 2020 was bet against GME.

[AllexxisF1]

If you got $100 to spare and bored out of your mind at home, I highly suggest two things.

1. Buy a share of GME this morning.

2. Open a separate window on Reddit/r/WallStreetBets

Then proceed with some damn fine entertainment.

Yesterday's cuckoobananapants rollercoaster took the stock from $170 to $100 to $182 and ended at $108.

It's like watching a non-stop horse race with the added anxiety of one minute till the window closes with a bunch of clowns holding their paychecks.

It's that scene from 'Easy Money' ALL DAY LONG.

[yt]L90uDzDbdV0[/yt]

[Elysian]

Stock is flirting with $200/share again this morning. This has been a wild ride the last 2 weeks.

[KAC]

Why?

[0091/2]

Why?

Ryan Cohen leading gamestop. People are FOMO right now.

[Elysian]

Ryan Cohen leading gamestop. People are FOMO right now.

Retail doesn't have the buying power to push this up like it has been going. The volume is coming from the larger firms, and it's not about FOMO.

Lots of this is driven by options coming in the money, also by short sellers needing to cover their position. There's a significant amount of calls that are ITM if this thing closes at $200 today, that's gonna push the squeeze further along.

edit: Been over $200 for about half an hour now, nice.

[0091/2]

Retail doesn't have the buying power to push this up like it has been going. The volume is coming from the larger firms, and it's not about FOMO.

Lots of this is driven by options coming in the money, also by short sellers needing to cover their position. There's a significant amount of calls that are ITM if this thing closes at $200 today, that's gonna push the squeeze further along.

edit: Been over $200 for about half an hour now, nice.

Do you think this squeeze will be smaller than Melvin?

[Elysian]

Do you think this squeeze will be smaller than Melvin?

You assume I think?

If you look at the 3 month chart, this looks exactly like the last squeeze, but 4x higher

[0091/2]

You assume I think?

If you look at the 3 month chart, this looks exactly like the last squeeze, but 4x higher

Tomorrow is going test patience of the many. I have some doubts if the squeeze will happen tomorrow.

[Elysian]

Tomorrow is going test patience of the many. I have some doubts if the squeeze will happen tomorrow.

If the market closes over $200 tomorrow, 30k in call options go in the money, 3 million shares. That's the sort of thing that will accelerate the squeeze, where do the firms find those 3 million shares? There's not 3 million shares available from anywhere but retail.

[0091/2]

If the market closes over $200 tomorrow, 30k in call options go in the money, 3 million shares. That's the sort of thing that will accelerate the squeeze, where do the firms find those 3 million shares? There's not 3 million shares available from anywhere but retail.

Did you make any calls? People better not paper hand tomorrow

[Elysian]

Did you make any calls? People better not paper hand tomorrow

I don't know enough about options to do any of that. Been trying to learn more.

[dodger]

I don't know enough about options to do any of that. Been trying to learn more.

I would start off with level 3 which prevents you from doing naked calls/puts which will really put you in some hot water if you get it wrong. I haven't progressed to the multi-leg level and I've been doing options for over a decade.

[Vanz_007]

Why?

HOLD THE LINE!!

[Nascar24]

Sell that chit! $2-$5 stock selling for $200, Preposterous!

[0091/2]

I don't know enough about options to do any of that. Been trying to learn more.

I'm in the same position. Robinhood made it easier to trade with option. I'm using TD Ameritrade - It looks complicated. I feel GME is too high stake for a noob to dab in options.

[Elysian]

Sell that chit! $2-$5 stock selling for $200, Preposterous!

No.

GME up to $216.89 in pre-market today. This is gonna be a good day. I've got a limit sell set up at a level I believe it will hit which will sell 10 shares, giving me my initial investment back and keeping 12 shares in for whatever happens next.

[AllexxisF1]

Me sitting on my two shares of GME bought @ 117.

[0091/2]

I hope it goes $300 like last-time. As of right now, I already made back my initial investment. I bought [email protected] 184. Even my AMC is in the green.

[Elysian]

Love that the "dips" nowadays are just GME trading sideways, not actual dips.

[Elysian]

This stock is going to close up another nearly $50 today, what a day. Looking like it'll close around $245.


edit: Already above $250 in afterhours

[nutcrackr]

Of course it's going up again. Pure demand at this point, driven by hype and not common sense. It might come crashing down again within 2 weeks. If you have the stock and are back in the green, probably good time to sell imo.

[Elysian]

Of course it's going up again. Pure demand at this point, driven by hype and not common sense. It might come crashing down again within 2 weeks. If you have the stock and are back in the green, probably good time to sell imo.

Retail doesn't have the power to drag this price up like this. The volume is entirely from institutional investors, not retail. There was over 60 million volume yesterday, over 30 million today. That's not retail.

At least half of the price rise today happened in pre-market, where retail has virtually no power.

[0091/2]

Of course it's going up again. Pure demand at this point, driven by hype and not common sense. It might come crashing down again within 2 weeks. If you have the stock and are back in the green, probably good time to sell imo.

Why sell if it's still going up? I keep an eye on on it. I would be out if it drops 20-30.

[Jay20016]

Why sell if it's still going up? I keep an eye on on it. I would be out if it drops 20-30.

$20 to $30 drops are almost daily now, but yet it's at $250 on a steady climb upwards.

It wasn't unheard of for Tesla to go up or down 10 to 15% in a day... and it hit crazy ass highs (not comparing the two companies, just that what we think the market should do and what it actually does are two different things now....) when you look at the long game.

Who knows if the squeeze will happen soon, but there are a lot of people who were severely in the red over the last month and held onto GME and I don't see that changing anytime soon, especially on something like a $20 sell off....

[Elysian]

If it dropped $100 in a day I'd consider getting out. If I get my initial investment out in the next few days then I don't have to fear a loss and can stay in for wherever the squeeze takes it.

[Elysian]

Hedgies dragged it up to a $261.86 close in after hours, nice.