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So who got rich on GameStop today

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39K views 1K replies 33 participants last post by  Lets_Eat 
#1 ·
Love this story so much. Hope one of you guys took it to the moon.
 
#10 ·
Don't get me started. 5 or 6 years ago I bought two bitcoins for around $900, and sold at a $1000... its trading at 31,000 right now. Ughhhhhhh

Last year everything crashed then skyrocketed. I wouldn't worry about getting Into this one. It dont make sense to buy it. Tesla used to make no sense to me but it does now. Gamestop definently still doesn't make sense to try and ride.

I used to own this one odd stock that went all the way to 125k a share. I only knew about it cuz years later I got a letter about insiders doing a pump and dump scheme to walk way with millions. Looked up the stock and found out it went to 125k then back to a dollar or so. Weird things happen in the market that can be missed unless watching price of it all every second of the day.
If I got in, it would be for less than 30 hours. Probably will just sit it out, as it seems too late. Damn, If I would have only known about it a week ago.
 
#9 ·
Last year everything crashed then skyrocketed. I wouldn't worry about getting Into this one. It dont make sense to buy it. Tesla used to make no sense to me but it does now. Gamestop definently still doesn't make sense to try and ride.

I used to own this one odd stock that went all the way to 125k a share. I only knew about it cuz years later I got a letter about insiders doing a pump and dump scheme to walk way with millions. Looked up the stock and found out it went to 125k then back to a dollar or so. Weird things happen in the market that can be missed unless watching price of it all every second of the day.
 
#22 ·
GME down $153.91 today.

193.60
▼ 153.91 (44.29%)

Another play here could be to buy the PUTS.
Each PUT controls 100 shares.

If you find the next stock to skyrocket forget buying the stock..........buy a bunch of calls.
 
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#27 ·
So some people will win, some people will lose, and some will break even????????????????????
Thank you Captain Obvious.

In other news water is wet.
 
#30 ·
Don't know what's going on with GME but it's more than just a pump-n-dump.
Many of them can sell right now and MAKE MILLIONS but they hold on to it.🤷‍♂️
You can still take advantage of the daily highs and lows of GME, AMC, NAKD, KOSS, etc.
 
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#31 ·
Don't know what's going on with GME but it's more than just a pump-n-dump.
Many of them can sell right now and MAKE MILLIONS but they hold on to it.🤷‍♂
You can still take advantage of the daily highs and lows of GME, AMC, NAKD, KOSS, etc.
No .. it's not pump and dump ... It's short squeeze

I'll try to explain this:

When an investor shorts a stock, they borrow a share and immediately sell it with the intent of buying them back at lower prices and return the stock to the lender (by a certain date the agreed on - usually 10 days period). By doing so, when a stock price goes down they pocket the price difference.

Reddit investor noticed that GameStop was one of the most shorted stocks on Wall Street. When they come up and buy and hold the stock, there is not enough stock left for the big institution to buy...

In this case short squeeze happen when the large institution trying to buy the stock at the same time, the price get squeeze higher or goes up ...

So, the Reddit retailer are just holding the stock ... not dumping it ...

The biggest risk for the Reddit investor (or any late comer) is if the big institution choose to leave by taking the loss ... the stock price will goes down quickly
 
#44 ·
View attachment 558949 View attachment 558951 View attachment 558953

I deposited to my online sportsbook this week to no luck.

Long story short... i had 94 cents left in bitcoin.
Idk wtf i was doing but made my 94 cents a dollar n 44 cents.

Yay.

Hopefully i can get to 10$ with this 1$ lol
How can you blow all of that down to $1?

Bitcoin been holding around $30000 - $35000 for the entire week

You can't lose them all that quick don't you?
 
#61 ·
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#64 ·
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