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re: GME is going wild because Roaring Kitty posted a photo on X after 3 years of silence

Posted on 5/14/24 at 10:25 am to
Posted by BCreed1
Alabama
Member since Jan 2024
1326 posts
Posted on 5/14/24 at 10:25 am to
quote:

I hope Payne is trolling because otherwise that email is illiterate.


I get you think it's a joke, but GME is up over 400% since may 1st. AMC just made 250 Million on their shares.

You got hedge fund guys pissed right now:


Hedge-fund manager Boaz Weinstein says meme stock rally makes ‘mockery’ of investing


Why? Because they are beating you at your own game and you are pissed over Billions lost. Here is an idea Mr Boaz.... Stop borrowing shares and short selling forcing companies to the breaking point.

LINK

These people buying shares of GME and AMC need to offer no explanation to anybody.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26049 posts
Posted on 5/14/24 at 10:26 am to
We are at 104 million in the first 2 hours of trading.
Posted by GhostOfFreedom
Member since Jan 2021
11840 posts
Posted on 5/14/24 at 10:26 am to
Andrew Tate
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This post was edited on 5/14/24 at 10:27 am
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26049 posts
Posted on 5/14/24 at 10:27 am to
If it hits 100 then there will be some hedge fund carnage
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73277 posts
Posted on 5/14/24 at 10:30 am to
AMC trading halted also



i just put in an order F it
Posted by GhostOfFreedom
Member since Jan 2021
11840 posts
Posted on 5/14/24 at 10:30 am to
From the movie that Roaring Kitty just posted.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73277 posts
Posted on 5/14/24 at 10:31 am to
quote:

If it hits 100 then there will be some hedge fund carnage


Posted by RebelTheBear
Saban's spare bedroom
Member since Aug 2016
5540 posts
Posted on 5/14/24 at 10:34 am to
Someone please help me out here - are we holding GME today? I'm relatively new to trading and these meme stocks have my head spinning.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10782 posts
Posted on 5/14/24 at 10:34 am to
DJTWW warrants are trading for $29 lower than the DJT stock, and have an exercise price of $11.50: a $17.50 gap.

Warrants are not exercisable yet pending an SEC approval so there is a risk, but seems like a fire sale.

Not Financial Advice but I like the warrants.
This post was edited on 5/14/24 at 10:36 am
Posted by castorinho
13623 posts
Member since Nov 2010
82066 posts
Posted on 5/14/24 at 10:35 am to
quote:

I'm relatively new to trading and these meme stocks have my head spinning.
You should probably just watch from the sidelines
Posted by BCreed1
Alabama
Member since Jan 2024
1326 posts
Posted on 5/14/24 at 10:36 am to
That's a 66K profit. For me, that's more than a take it now.

Posted by GhostOfFreedom
Member since Jan 2021
11840 posts
Posted on 5/14/24 at 10:36 am to
Basket Stock Price manipulation. If we had a legitimate DOJ, they would be all over this.



Posted by RebelTheBear
Saban's spare bedroom
Member since Aug 2016
5540 posts
Posted on 5/14/24 at 10:37 am to
Fair enough, thank you for your honesty
Posted by BCreed1
Alabama
Member since Jan 2024
1326 posts
Posted on 5/14/24 at 10:41 am to
Yep.

But RULES for thee and not ME.

Posted by GhostOfFreedom
Member since Jan 2021
11840 posts
Posted on 5/14/24 at 10:41 am to
quote:

You should probably just watch from the sidelines


Or, he could get one to be a part of this historic event. One isn't a big risk. It is how I first got started 84 years ago.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26049 posts
Posted on 5/14/24 at 10:41 am to
quote:

are we holding GME today?


I would as I see this playing out until Friday
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10782 posts
Posted on 5/14/24 at 10:41 am to
quote:

Meme stocks have my head spinning


Basically the stock price is not relative to the current value of the company like normal stocks based on earnings and debt, it is much more volatile with the supply / demand forces of the retail investors buying and holding a large volume of stock vs the institutional Wall Street firms shorting it (betting against it), making it much more volatile. Like a game of tug of war.

Wall Street has been gaming the system forever and retail is fighting back to burn them - long term we need reform to eliminate naked shorting and other illegal practices to level the playing field.
Posted by GhostOfFreedom
Member since Jan 2021
11840 posts
Posted on 5/14/24 at 10:42 am to
quote:

I would as I see this playing out until Friday


DFV memes indicate weeks.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74379 posts
Posted on 5/14/24 at 10:45 am to
Tate
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