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A picture of a short squeeze in progress...

Voodoo

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I don't think its over yet. We've got one more push at least I think. Going to be very volatile no doubt. But Martin Armstrong, who did warn you should take profits Friday, appears to be projecting a possible retest of the breakout in the 45-65 range by March. His arrays appear to point to a top in June.
 

Ensoniq

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Lancers32

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But GME is down 100 so someone was selling. Was bid up to $385 which I'm not sure the hedgies would??

39% short interest last I heard.

Originally had somewhere between 114% and 140%.

Heard around 50 but not sure your number might be right.
 

Scorpio

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if they want to continue to maximize the pain,
they have to get out while the gettin' is good, otherwise it is all for naught

leave them holding the bag on a zero stock, as let's face it, gamestop isn't worth diddly

give them their cherished stock, sell it to them lock stock and barrel, every friggin' share at these prices,

then sit back and laugh

it is trading places all over again if they pull it off

THUR 5am

told them to sell it all and sit back and laugh,

so here we are, all the way back to a hundie and sinking

until you realize the gains, they aren't gains at all, just digits, easy come, easy go
 

Ensoniq

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You’ve made or lost nothing until the sale
 

gringott

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You have to book the profit or loss or it's like it never happened.
Until the Democrats tax your shit daily for any profits.
 

Fatrat

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The 52 week low is 2.57, so 90 is still pretty good. I Wonder what the short percentage is now...
 

solarion

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1612322183723.png
 

Voodoo

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Nice slow day and some stability as well as up 15%. This is good. I'm also noticing the other site where everyone and their brother was trying to jump in, some bought way OTM puts and others are leaving to other pastures cause GME is too boring. This is a really good sign. Maybe not for a near-term squeeze but I've always been in this for a longer trade with a squeeze potential.
 

Voodoo

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An excellent ~30 min video that pretty much covers the whole Gamestop story.

 

anywoundedduck

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Voodoo

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We're Back.

The shorts refused to get out at $5. I'm pretty sure they weren't going to give in at $50.
 

Fatrat

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Shorts had their chance to get out cheap for a while. They didn't., and now they are going to reap the whirlwind.
This is a game that can be played repeatedly, there are way too many shorters.
 

<SLV>

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Actually, most of the short interest was closed out of GME. From 140% to something like 20% Not sure where it stands now, but I expect this reprise rally to fizzle today.
 

solarion

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If those WSB guys that were underwater on GME long positions aren't selling into this latest price spike...well at some point, what can you say. GTFO.

They've proven they can hurt the hedge fund crooks. They've proven the equity markets are fake and blatantly rigged. They've proven that regulators don't give a damn what happens to little people. No sense being a financial martyr for stubborn's sake.
 

oldgaranddad

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If those WSB guys that were underwater on GME long positions aren't selling into this latest price spike...well at some point, what can you say. GTFO.

They've proven they can hurt the hedge fund crooks. They've proven the equity markets are fake and blatantly rigged. They've proven that regulators don't give a damn what happens to little people. No sense being a financial martyr for stubborn's sake.

I agree and disagree. You are correct about them being financial cannon fodder but the real goal is to hurt the bankers and traders so much that they stop the manipulation of the stocks or someone comes in and forces them to stop.

Sort of like little kids behaving when an adult is in the room but then run wild when the adult leaves. The WSB crowd is sort of a 4AM blanket party crowd to the trouble maker.
 

solarion

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They've hurt the hedge funds. They've gotten the attention of the powers that shouldn't be. They've caused the scumbags to change the rules to stamp them out. Now they need to retreat so that they can live on to fight another day. They'll not be doing much of anything to hurt the banksters going forward if they can't come up with two nickels to rub together.

Ironically, their most important contribution, may turn out to be their misguided attempt to squeeze silver by piling into the SLV. It brought huge attention, inspired the creation of WSS, and caused two garbage ETFs to frantically amend their prospectuses.
 

Voodoo

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Gamestop isn't done. I think that first spike was just a preview but not the real deal. We shall see. Building a new base over $100 speaks volumes. I'm not sure how but they've managed to hide the real short positions. There are far more "owned" shares than should really exsist.
 

Ensoniq

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I’ve never really followed silver. Prefer gold because of value to weight ratio

I started thinking I needed some silver for smaller barter transaction in the dystopian future.

The premium over spot made me look 3x. Are people really paying 14 over spot $40 for a $26 oz?

Gold usually hovers around 10%, which suck but isn’t thievery
 

Buck

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i used to play the spot versus buy price, then grew into the GSR trade and graduated into the trade gold to silver, now await the reverse side of that risk, but, today, i find myself playing the Premium Trade

ebay is my canvas and i'm flipping 'crap' for a premium

throwing crap onto the wall and coming up a winner is nice

thanks manipulators

:summer:
 

Goldhedge

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And the squeeze continues


Screen Shot 2021-03-09 at 10.09.27 AM.png
 

Ensoniq

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This thread needs music

 

DodgebyDave

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Back over 200......I bought 100 shares at 90........gonna ride it to Rome or ruin!
 

Unca Walt

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Girls have... squoosh.
 

arminius

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Voodoo

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Sorry I like that bounce almost as much. Charts look so similar but what broke out from ~$45 last time was $145-150 this time. Can anyone tell me what $370-483 x Three equals...:reading: :dancing guy:dancing guy:dancing guy



Around $1,111 (great vortex math number) to $1449.
 

Voodoo

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Things are getting Curious again. LOTS of option activity at the highest priced calls. And they are being bid above lower price levels. The last time I noticed this it was blast off time very soon. I thought this was really newb investors from Robinhood before but I think that was an incorrect assumption. This is someone trying to light a gamma squeeze ignition. Note that the stock was down 3% today.

Big Volume in the April 16, but not much inversion

1617834712175.png


And the April 30 exp

1617834980684.png
 

Goldbrix

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Things are getting Curious again. LOTS of option activity at the highest priced calls. And they are being bid above lower price levels. The last time I noticed this it was blast off time very soon. I thought this was really newb investors from Robinhood before but I think that was an incorrect assumption. This is someone trying to light a gamma squeeze ignition. Note that the stock was down 3% today.

Big Volume in the April 16, but not much inversion

View attachment 206969

And the April 30 exp

View attachment 206970
I guess they do not see enough action from the TBTF Banksters manipulating the paper markets. Go back to easy picken's.
 

ABC123

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1624420374537.png

HUGE
New short squeeze rule takes effect tomorrow.
Hedge funds could start dropping like flies soon.

https://tokenist.com/new-nscc-rule-change-poised-to-end-the-short-squeeze-saga/
 

Unca Walt

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It would appear Citadel is one of the greatest sinners. They be gonna have trubble shorting.
 

Voodoo

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View attachment 215259
HUGE
New short squeeze rule takes effect tomorrow.
Hedge funds could start dropping like flies soon.

https://tokenist.com/new-nscc-rule-change-poised-to-end-the-short-squeeze-saga/

End? Hahaha, I think he meant trigger. Lots of new regulatory rules have been coming on-line. This naked shorting has been a GIANT problem / windfall for the cheaters.
 

Voodoo

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It would appear Citadel is one of the greatest sinners. They be gonna have trubble shorting.

Yep, it really appears like they have been a major player and earned the name Shitadel.
 

Uglytruth

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Kinda brings a tear................. FROM LAUGHING SO HARD! :laughing:


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Hedge fund that bet against GameStop shuts down White Square move marks one of first closures of fund hit by surges in so-called meme stocks Retail investors, often co-ordinating their actions and in some cases targeting hedge fund short sellers, drove up the price of stocks such as GameStop © Spencer Platt/Getty Images Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) Save Laurence Fletcher in London YESTERDAY 85 Print this page A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors. White Square Capital, run by former Paulson & Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors. White Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January. The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit’s r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak. That led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protégé Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson’s Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen’s Point72 Asset Management and Ken Griffin’s Citadel. “The decision to close down is related to thinking the equity long-short model is challenged,” said Kronawitter. “There are way too many fish in the pond with the same strategy of long-short,” he added. “The traditional edge is being arbed away [eroded by other investors], there’s an oversupply of capital.” A person close to the fund said the decision to shut was unrelated to the meme stock rally. The fund quickly rebounded in the wake of January’s turmoil and made back “a fair share” of the losses, the person added. Among other funds hit, Melvin was still down about 44.7 per cent this year to the end of last month, while Light Street was down about 20.1 per cent. Kronawitter, who previously worked at US billionaire John Paulson’s hedge fund and Merrill Lynch, had made double-digit gains at White Square in 2015 and 2016, said a person who had seen the numbers, while last year it made about 19 per cent. In the investor letter announcing the fund’s closure, White Square said that last year, despite that year’s strong performance, two large investors had opted to withdraw their cash and put it in cheap passive funds or private equity. “We experienced first-hand the shift in trend away from hedge fund investing to cheaper alternatives,” it added. According to the letter, White Square had been due to receive investor inflows again in May this year, but instead decided to shut the fund. “The arbitrage opportunities have diminished with both the onslaught of capital caused by central bank monetary interventions, as well as much improved dissemination of information, bringing up the question to what degree the same fees can be justified,” it said.
 

Voodoo

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Stuff we mostly knew but still interesting. Citadel is deeply involved with the FED and paying speaking fees to The Bernanke and Yellan.

 
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