I will admit to being wrong is this breaks the previous ATH.
In my previous gamestop idea, I was bullish and said I would short the recovery if a ~80% happened,
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Whether I'm right or wrong in this one idea, I still encourage you guys to check out my profile and give me a follow.
I know a lot of you guys must be long doge and the money will probably flow into other altcoins. I trade crypto and have done so for the past 3 years. This market is unregulated and pure speculation. Mex traders are just as degenerate as WSB traders so it should be right up your alley.
I've seen countless bubbles trading crypto. What usually happens after a massive dump is bulls get scared and get out. Crowded trades and price dumps = bearish. Each buyer is now a potential seller. This is a pump type thing so market is acting on emotions/squeezes mostly.
What's your take on this thing?
gudrune
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@Xzhi, I wish i didn't agree with you, but I kind of do. I truly hope you're wrong though. Or at least that you're not right just yet.
mattyraff
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@Xzhi, ask was 5000 today - nobody or hardly anyone is selling.
Volume was in the shitter the last few days, hedge funds are going to try their best to drop this below 175.
buy the dips and hold.
This is the last day before their shorts expire and will have to cover them.
Furthermore the blatant manipulation by robinhood, citron, and citadel et:al has caused people to rage buy. This is past a money play.
VestForFun
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@Xzhi, ppl only sell if they have paper hands. The people behind r/wallstreetbets have DIAMOND hands. We ain't lettin go till it's $0 or the MOON.
tjamese
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@Xzhi, The difference is media coverage. The amount of coverage behind GME is keeping holders in the game and encouraging people to purchase more shares even at peak prices. This bubble is not old enough to pop yet. We'll see how this energy carries over the weekend.
wolfe06
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@Xzhi, what did you think, a short squeeze means it goes to $4000.00 and just stays there forever? Its going to come down sure, but not before it continues up.
120 shares, added @ 60, 125, 220, and 360............. the funny thing is, i wasnt a buyer @ $40, but now its real.
lusofreak
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@Xzhi,
Volatility will still go up another week, some analysts even said that the market sell-off by Friday (e.g. Apple had best quarter in their history and ended the week in red) are the funds dumping the market to create liquidity for themselves to cut their losses or load more capital to continue the fight... IMO, there is a lot of players now (pun intended) in this war:
- The small guy with a penny account like me, trying to squeeze money out of the market to raise my one equity, and along the way pay some bills/save for a rainy day...
- The "average" retard or savvy wallstreetbets trader (remember... u/deepfuckingvalue holds over 20M and he is a CFA, not a retard youtuber...) who wants to "stick it to the man", and for now they are succeeding,
- And both sides of the barricade like Elon Musk, Marc Cuban, Chamath Palihapitiya, Michale Burry and all the other entrepreneurs or hedge fund managers who either want to squeeze their competition and make money in the process or payback for once having their own blood sweat and tears shortened by these vulture funds that prey on - many times - good companies.
- And of course, the shorts who want to continue to deliver the message... "don't fu*k with me buddy"... à lá Wall Street Gordon Gekko style... AND FOR NOW THEY ARE FUCKING LOSING!
At the end, you look at calls & puts, you see the short interest on GME, you read the posts on Reddit and the surmountable amount of articles, politicians, media channels and every conversation in the finance/investment/trading community and you can only ascertain one thing:
It's going to be a long, insane, uncertain, and above all emotional February 2021.
And the only person laughing at this in the end of his life and career, will be the Oracle in all is accumulated wisdom - "...The Stock Market is the best instrument ever created, to transfer money from the fearful to the patient..."
You are missing the plot..