Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Gamestop stock situation - anyone else in on this?

KSpan

By KSpan,
in Huddle Lounge

 Share

Recommended Posts

KSpan Grand Master

KSpan

Posted
  • Author
Posted (edited)
54 minutes ago, Happy Panther said:

Did this happen? I haven't been paying attention.

I think that was always an extreme scenario, but had they not interfered with retail last Thursday things may very well have exploded since it was in arm's reach of $500 a share pre-market. At this point though I think the main circumstances driving that surge have been mitigated (legitimately, illegitimately, or somewhere in between) and while some volatile short-term value can still be had, enough time has passed that the main at-risk parties have sufficiently hedged. 

Edited by KSpan
Link to comment
Share on other sites
Happy Panther Grand Master

Happy Panther

Posted
Posted

I was joking. I bought a shed load of puts and have enjoyed watching it dive. When something tells you what they are believe them. I was told that $GME was being artificially (severely) overvalued for no reason other than a protest. Which I think is great but I have no emotion in the game.

Moleman told me it was going to $500 but couldn't articulate why? Which is what has been happening on WSB. Oh well.

Link to comment
Share on other sites
KSpan Grand Master

KSpan

Posted
  • Author
Posted
18 minutes ago, Happy Panther said:

I was joking. I bought a shed load of puts and have enjoyed watching it dive. When something tells you what they are believe them. I was told that $GME was being artificially (severely) overvalued for no reason other than a protest. Which I think is great but I have no emotion in the game.

Moleman told me it was going to $500 but couldn't articulate why? Which is what has been happening on WSB. Oh well.

With respect to valuation I think there was a tangible driver there beyond sentiment but yeah, that driver was by nature fleeting. Those funds got caught but were not going to sit there and be bled in perpetuity.

KOSS was another example of the insanity last week. Wish I would have bought into that one for a fast flip. 

  • Pie 1
Link to comment
Share on other sites
Whatev Experienced

Whatev

Posted
Posted

Speaking as someone not entirely knowledgable on this, but 13B to a bunch of hedgefunders doesn't amount to a lot.  Who's to say WSB was fed some information regarding Gamestop in order to artificially inflate the price (other hedgefunders/or same) in order to create a greater fall for shorting.  

WSB manipulated by the same people they are thinking they are hurting.  

Link to comment
Share on other sites
KSpan Grand Master

KSpan

Posted
  • Author
Posted
13 hours ago, Mol3m4n said:

Squeeze will happen, just waiting for the hedge fund to actually bite the bullet. Short ladder attacks have happened for days. Very little volume is being moved. 

The biggest gains were last week. There may be some more mini rallys but there's no way that the investors on the short side will be anywhere near the position they got caught in, or at the very least they're sure going to have a lot more hedging, and the retail side has taken too many losses to recapture the momentum necessary. Call me cynical but we now also know that shenanigans can (will?) occur to short-circuit the biggest happenings. Was fascinating to watch while it was happening though.

27 minutes ago, Whatev said:

Speaking as someone not entirely knowledgable on this, but 13B to a bunch of hedgefunders doesn't amount to a lot.  Who's to say WSB was fed some information regarding Gamestop in order to artificially inflate the price (other hedgefunders/or same) in order to create a greater fall for shorting.  

WSB manipulated by the same people they are thinking they are hurting.  

At this point it's sure possible but the original run-up was IMO lightning in a bottle, a perfect storm of over-extension by short-sellers on an undervalued stock getting caught up in an unprecedented wave of retail market participation after the abnormally large gains went mainstream. I'm not sure there was really a single misinformation campaign that could have effectively kicked that whole thing off but folks no doubt found way sot manipulate and capitalize. 

Link to comment
Share on other sites
CRA Grand Master

CRA

Posted
Posted
3 hours ago, Whatev said:

Speaking as someone not entirely knowledgable on this, but 13B to a bunch of hedgefunders doesn't amount to a lot.  Who's to say WSB was fed some information regarding Gamestop in order to artificially inflate the price (other hedgefunders/or same) in order to create a greater fall for shorting.  

WSB manipulated by the same people they are thinking they are hurting.  

there is an article in the WSJ about a hedge fund that made nearly a billion dollars (700 million) on the Gamestop event. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • Hoenheim
      My Personal Takeaway from This Game vs Cheifs

      By Hoenheim · Posted

      What I really learned here is that the Carolina Panthers aren't anywhere near as bad as I initially thought they were earlier this year.  We've got a young and growing offense with some promising parts. But it still needs some tweaks and improvements.  We really still could still use a dominant #1 WR. But Chubba,  Legette, Coker,  and J.Sanders have generally looked decent. Bryce took a big leap after the benching. We can score enough points to keep pace with 2x defending super bowl champions, so offense isn't a huge issue. Main thing that needs improvement is defense. We sorely need a CB 2, and a number of new players at Dline and LB.  We're not quite as bad at edge with Wonnum showing promise.  But we definitely need 1 or 2 more edges Clowney is old.  Run D is probably worse prevailing theme these past couple years. We really need a good young stud or two to pair with Derrick Brown and another LB to pair up with Trevin Wallace. If Morgan and Canales can focus on rebuilding the defense this off-season and possibly going out and getting a #1 WR. This team could easily be somewhere around 7-10 to 10-7 and flirting with playoffs in 1 or 2 seasons. Overall this game has made me feel alot more positive about the direction of the team.
    • PadresPanthersFan
      Team is looking good for next season

      By PadresPanthersFan · Posted

      With our picks we need pass rush, lb, Safety, a speedster yac wr, o line depth and I still want a mid round qb. We got 9 picks and 8 in the first 5 rounds. If they pull Off another solid draft we be cooking. 
    • frankw
      Bryce Young - Good and Bad, what say you?

      By frankw · Posted

      We had one passing touchdown against the Giants and one passing touchdown against the Chiefs today. Yes a good backup can replicate that. And that is why Andy Dalton in significantly less games has the same number of 30 point outings as Bryce Young. I am on board with you guys about wanting to be hopeful for the future. Today was a good performance to build on especially at home. But let's please keep things in perspective. BTW the Bucs who honestly aren't even that good blew the doors off the Giants today after we went to overtime against them with 17 points. Again. Perspective.
×
×
  • Create New...