/biz/ - Business & Finance

>>27536336
at least if you get out now you will get a third of your money back. buy some crypto dude. probably just btc

>>27536513
>>27536336
yes goy sell that gamestop, buy our chinese friends btc, nothing can go wrong this way

>>27536513
So there is no hope whatsoever? I missed the boat last friday by being greedy

I just want to know if there's even a sliver of a chance I can walk away close to what I had before. Because I can afford to wait maybe a month before I need the money. And I don't know if by then it'll have plummeted back to it's pre-january value

>>27536336
its over
salvage as much money as you can now

>>27536336
if this is not a LARP then wow you need to sell as soon as you can. this shit is going to $20.

>>27536336
Depends on what all the halting trading did and the true float that exits on AMC and GME.
Looking and volume and what was traded, it really seems people and institutions are buying and holding. This is a good thing if you own.
We will found out on the 9th if these positions were covered. If they were you have no hope. If they were not, yes it will moon.
People always compare this with VW. While it is a good comparison it is not necessary true.
The ownership of VW was mostly Porsche through some silent moves that forced the hedge funds into a bad position.
The thing is trying to be done now is the same, but instead it a bunch of plebs buying the stock holding the position and forcing the hand of the shorters.
That is were the problem lies.
>Do you think a bunch of retards can hold the line?
If yes you will see good returns
If no wait at least to the beginning of next week and cut your losses.

>>27536336
I wonder if that guy ever got laid.

>>27536336
ZERO

I love these threads though
So many of them in the coming days

>>27536757
the theory was that the gamma squeeze would happen this week, by Thursday or so

whatever the peak is Thursday is probably the highest it will ever be henceforth as it goes down to nearly 0

>>27536336
Okay, econ analyst here. Most of the HFs have already secured their positions, and are already re-shorting the stock and much more reasonable ranges.

"B-b-but how is that possible!!? THEY'RE NOT SUPPOSED TO DUMP AT A LOSS!!". Wake up Jethro, they reconfigured during the volatility last week and are undercutting most of these bag holders now. Over $240? There's little chance this shit is breaking over $95 for the rest of this week, and will probably be under $50 by Friday. Wake up early tomorrow, be a man and dump this junk first thing tomorrow. You can weep over your losses, but take comfort knowing you weren't one of the remaining violinists on the Titanic going down with the ship.

>>27537216
I've been thinking about the same. I got in early so I'm still up, but kind of regret not selling earlier. Maybe I was naive but I honestly never suspected all the limitations to be put on buying. I wonder when they'll stop the buy limits and what the reaction would be. They've already increased them but the momentum is gone.

>>27536668
This but unironically

>>27536336
OP you put in more than you could afford to lose and now you're jeopardizing the mission with your faggotry
The good news is for you that the price manipulation right now is not real
The actual volume of trading is to low, this is a classic jewish trick and you would know it if you had traded crypto before and weren't a newfag

Basically they can trade the price wherever they want between themselves especially while the buying restrictions are still in effect, but in order to close their short positions they have to get through us, because we hold the shares which they've shorted more of than exist

This is the essential prisoner's dilemma of a short squeeze and so far the prisoners are not betraying

>>27536757
>I need the money in a month
Goddamnit OP you ARE retarded
You better hold on to these shares though because when the short squeeze does happen you will neck yourself for selling, especially at a loss
How new are you?

I the squeeze has happened.

>>27536336
>Is there any chance realistically of Gamestop going above $240
im sorry anon but no, cut losses and take the experience you have hopefully learned, there will always be other opportunities
> Is there any chance of a spike up or is it now a plummet to the bottom?
sure theres a change, but its a Q tier chance. More likely a quick fall back to $30 then a slow drop to $4

Fucking morons. There's still 30-some% short interest. They have to buy that back at market price. Even if that market price is sub 100, that would easily push it to 240

I don’t believe you OP. Post your portfolio and then I will help you with your problem.

>>27538174
Exactly let's buy more rn

>>27538174
i wonder how much of the current short interest was taken out at $400

>>27537680
The volume today was a lot. Most people sold.

Ignoring all other parameters GameStop has historically done well near console launch windows. The PS5/SeX are still new and the supposed switch upgrade may arrive soon. I would say GameStop is a decent hold still

>>27536757
>I missed the boat last friday by being greedy

At least you realized how you fucked up. You bought the moon meme on a massively overpriced stock in a company that's making its last wobble through the burnout belt because its business model died ten years ago. As long as you can take the L I'd say do it, walk away with what you can salvage, and consider the real payout here to be the lessons learned.

>>27536336
>I put basically everything I had into it
Diversify your bonds, nigga.