This is the funniest shit I've read about in years.

The last time I went to Gamestop was 2008. I got Fallout 3 and Spore.

Good times.

Boc @ 28/1/2021 14:11

Nobert @ 28/1/2021 9:30 Wallstreet is shutting this down. I'm not touching any of these stocks. this is just what they want Jeff! I'm riding til I die with GME/AMC. I didn't put more in than I'm comfortable losing so I wanna keep holding if there's any chance to still screw over wall street further The stock freeze they did today was BOOOLSHIT and blatant market manipulation

I know it's what they want, and unfortunately if you didn't put money in early you already lost.

Fuck man, I was dabbling with Robinhood a bit last year and made a good chunk of change through it. I think I was invested in NOK at one point since I always bought rock bottom stocks to see if they'd spike later. And some of them actually did, but definitely not to this effect. Eventually I sold them all off last year cause I was too chicken to really put serious investment in it.

I went to a GameStop a couple months ago to use that damned gift card to get CyberPunk and it was the worst service I'd had all year

today was kinda anticlimactic (: The stock went back up a bit but p much flatlined after Robinhood (and others?) severely limited how many shares you could buy

shit's probably gonna hit the fan next week one way or another

I might buy last years nhl 20 at a gamestop tomorrow. Unless walmart has it. And walmart prob has it.

Boc @ 29/1/2021 18:01

today was kinda anticlimactic (: The stock went back up a bit but p much flatlined after Robinhood (and others?) severely limited how many shares you could buy shit's probably gonna hit the fan next week one way or another

this was moreso yesterday than today? RH limited it to 5 shares per account holder and later 2 and then 1 (lol) but AFAIK the rest of the brokers were allowing uninterrupted buys on GME, AMC

next week is the expected squeeze incoming when it becomes too expensive for hedge funds to keep paying interests on their shorts and ALLGEDLY have to buy the retail stocks at whatever the stock price is at the time causing a massive albeit temporary spike in the prices but theres probs gonna be some underhanded deals made which will facilitate them to not lose too much. still should be profitable for whoever holds out until the spike

So what's going to happen going forward? As in did they already kill any chance the little guy has, or do more people need to keep banding together?

Thisisbad @ 29/1/2021 19:25

So what's going to happen going forward? As in did they already kill any chance the little guy has, or do more people need to keep banding together?

its very subjective but i'd say theres still a tiny window for anyone to get in with a small investment and still profit from it as long as u stay vigilant about where the prices are and what the trend is. the majority of the retail investors who are holding onto the GME stocks are from /r/WallStreetBets and they seem hardcore committed to not sell which in turn pushes the hedge funds into a corner because they NEED to buy these stocks in order to settle their short positions. on Thursday there was a very clear attempt to artificially bring the price down when they blocked the purchase of GME stocks for the US open market and made it seem like the stock was free falling when in reality that was a very low volume of stock being sold and re-sold multiple times. as a response to this people from outside US started buying GME stock which basically saved the price from completely tanking

tl;dr rn the stock is at 325/share but is expected to reach roughly 1000/share next week IF the current trend holds but there can and will be efforts by the bigger hedge funds to stop the rise of the stock as much as possible

AMC, BB is a safer bet because the trends on it are similar to GME but the stock price is in the sub-20s range. the caveat is that those stocks aren't shorted as badly as GME is so the potential for a higher profit is also much lower but there is definitely an expected rise incoming there

The Long Navt @ 29/1/2021 20:16

Boc @ 29/1/2021 18:01 today was kinda anticlimactic (: The stock went back up a bit but p much flatlined after Robinhood (and others?) severely limited how many shares you could buy shit's probably gonna hit the fan next week one way or another this was moreso yesterday than today? RH limited it to 5 shares per account holder and later 2 and then 1 (lol) but AFAIK the rest of the brokers were allowing uninterrupted buys on GME, AMC next week is the expected squeeze incoming when it becomes too expensive for hedge funds to keep paying interests on their shorts and ALLGEDLY have to buy the retail stocks at whatever the stock price is at the time causing a massive albeit temporary spike in the prices but theres probs gonna be some underhanded deals made which will facilitate them to not lose too much. still should be profitable for whoever holds out until the spike

I know, but RH was accounting for a huge number of retail buys this week so them throttling it on their app definitely slowed things down I'd imagine. Like 60% of their users have at least one GME share so the majority were basically shut out from buying (again) at a certain point

I’m too dumb to understand stocks but I’m rooting for whoever can stick it to those champagne drinking bastards

I'm loving the reactions and commentaries. Best meme of the month, serious contender for the year.