AngusMcK

Gamestop mega pump will end badly :)

Short
NYSE:GME   GAMESTOP CORPORATION
User FOMO is strong with this one . Hit $220+ in the after market after a strong couple of days of wallstreetbets pumping made even sillier by Elon tweeting about it.

Going to be interesting to see what happens next and could be a good lesson in how to potentially trade these. I'd be mega short.

Elon Musk @elonmusk 1h
Gamestonk!!
wallstreetbets • r/wallstreetbets
Like 4chan found a Bloomberg Terminal
Comment: $325 now off a high of $380. It is REALLY interesting watching this play out. If I was short some of the other high percentage shorts I'd be feeling VERY nervous now there is a new Bear Hunter strategy in play.

Comment: ... and back.

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Comments

You should short it! We have taken 9 Billion and counting from shorts..
+9 Reply
AngusMcK LeviBehen
@LeviBehen, tried to take a position at $220 for short but Im outta spare cash. Have it all long in ARKs.
+1 Reply
LeviBehen AngusMcK
@AngusMcK, You realize this is happening because the stock is 140% shorted...
+7 Reply
AngusMcK LeviBehen
@LeviBehen, yeah, I think it is currently most shorted stock on the exchange. Social media is basically bear hunting forcing short sellers to dump their positions at inflated prices. Depends how long the bears are prepared to hold out for.
Reply
LeviBehen AngusMcK
@AngusMcK, the shorts are losing about 1 Billion for every 11 dollars the price moves higher..
+5 Reply
AngusMcK LeviBehen
@LeviBehen, if I was a Gamestop staffer with shares Id be selling every stock I could...
Reply
@AngusMcK, please please please short it. short it tomorrow at open if possible. thanks.
+4 Reply
AngusMcK wallstreetsgaybear
@wallstreetsgaybear, I kind of think I would try and "sell" at around $220 with a stop at say $250 and see what happened. Do you think they will be able to push the price much higher?
Reply
@AngusMcK, oh. sorry dude. i was being sarcastic. i am not actually gay. the more gme is shorted, the more my calls print. but there will come a point where big guys like burry (1.7 M shares) get out of their position. that would end the run. until then, gme to $420. if they all choose to hold, the gamma squeeze will continue. or not. i am autistic so no serious advice here.
Reply
AngusMcK wallstreetsgaybear
@wallstreetsgaybear, might have to try a bracket order in the pre-market tomorrow. I do find it fascinating. Whole new strategy driven by retail buyers.
Reply
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