Get out while you still can from GME and manage your losses to breakeven or profit in AMC/AAL/NOK in months to come - the best scenario you have available to you right now!
@mattyraff, lol keep on holding your bag of HIT see how you fair ...
mattyraff
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@ImperiumFX, Anyone with a brain can see what's happening. VW dropped to 60 day AVG before the pop. As of Jan 29 (friday) it was still over shorted with no increase in volume over the weekend to indicate the shorts hadn't actually covered.
They are shaking the tree extremely hard I will admit. Stoplosses are falling out.
Anyone who has been following this understands this volatility is going to happen right before the shorts on Friday have to cover EOD today or tomorrow. They will shake the tree very hard to stop this from happening. Lets look at what's happened so far. The lower the price when they have to cover, the little money they have to spend buying these shares of which, almost a million are FTD in the beginning of January alone.
- Blatant Market Manipulation
- Illegal naked short selling
- Illegal ladder attacks
- Using the MSM to distract the retards amongst the autists
- among other things.
There is more to this battle but it only works if EVERYONE takes up a small position and holds.
Pricks like you, who have nothing to gain and are wholly ignorant of the situation are pure FUD.
I'll lose literally no sleep over my EXTREMELY SMALL POSITION which IDGAF if I lose.
ApexBull
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@mattyraff, Denial and inability to take losses is the classic first sign of your average retail trader. If you havent FIGURED IT OUT YET, the game is stacked against retail and always will be because thats who pays for the music as in Wall St paying for the politicians that will do exactly what they want them to do. If some of the companies like AAL AMC NOK still have some underlying value GME does not, and w all the restrictions in place and MORE that will come in the name of protecting the retail (make harder for you to make money) your GME 1000$ is a pipe dream, and people like you writing to HODL and all this nonsense results in working class people losing their savings and transferring it into the hands that you oh so despise (wall st.)
Can you enlighten me on the market of MLG and physical PC hardware?
Also can you please point me in the direction of a store that does what Gamestop does?
I don't disagree with you, but the classic first sign of someone who thinks he knows shit is his confidence in reading charts - they are akin to astrology.
Nowhere have you spoken about ladder attacks. No where have you spoken about manipulation. This is where I know you don't see it.
Thats fine,
But you are wrong.
ApexBull
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@mattyraff, thank you for your response and keeping discussion civil as often not the case on the internet, so I do appreciate it and I do appreciate you sharing your view on the situation. My point is simple, yes the prices obviously are manipulated, it goes without saying, on top of the price manipulation you have a one way traffic (down) because of all the restrictions placed on buying of the stock, thus with little support to hold the prices, the short sellers are able to plunge it using short ladder attacks and outright having deep pockets vs restricted retail and limited firepower. In order to drive up the price back up, you'd need to outbid the deep pocketed funds which now is hard to do because most people and wsb autists who wanted to play are in it already with most or all their allocated capital and not many are standing in line to start plunging into this bloodbath. All of that was done in comparison to other stocks from WSB, that fundamentally hold better value like AAL, thus if you are already playing this game and you want to rocknroll at least do it with something like AAL that has US gov bailout behind it pretty much guaranteed, in order to save you, thus protecting your downside risk and its price being not that far from its previous normal trading range, as opposed to GME, that is still highly overvalued at 100 and with a high probability of this company going by the way of Blockbuster as their business model is unnecessary and outdated in todays world. You have to have no heart not to root for WSB and the little guy and sticking it to the man which is beautiful, unfortunately you also evaluate realities of life and who is who in this fight, we all love David vs Goliath but how often does that work out in the real world especially with an idea like propping a dying, economically unnecessary company like Gamespot ? So yes I do find it irresponsible for people roping others into this to plunge their life savings into the get rich quick scheme, operating out of pure greed without any caution.
rajivgomes
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@ImperiumFX,its ok i am holding my bag of shit as you say , ill watch it go to zero, congratulations to the hedge funds to put people our of a job during a pandemic. its great!
ApexBull
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@rajivgomes, f#ck the hedgefunds but welcome to the world of trading.
rajivgomes
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@ImperiumFX, i started trading in novemebr and overall i was doing well, lost a lot today but still in positive . Live and learn