/biz/ - Business & Finance

>>28303389
I am betting $27 by Monday

>>28303389
I hope it goes to 5$ so I can significantly lower my average

>>28303389
With Cohen on the board, $50 is reasonable. If they "Chewy" Gamestop, then $150 in 2 years

>>28304239
If it goes to $ 5 I’d be ecstatic. I unironically want this to happen

I really think right now the institutional holders are gauging whether Robinhood users are going to keep doing market buys. Keep in mind a lot of them have access to that order flow. If these people weren’t so pathetic I would feel sorry for them because they’re probably liquidating other good stocks to keep propping this up so they can “average down.” The moment the drip drip of those retail market buys stops (or actually a bit before since they literally know what people are looking at in the Robinhood app) this thing is finally going to drop like a rock.

>>28303389
I don't think it will go bellow $20 and it will take at least a month for it to reach that low. $40 seems to be a floor this week, and I think medium-term $50 per GME seems reasonable (if the new CEO turns the business around).

I guess I’m retarded because I’ve got no idea how GME is worth more than $20 a share

For perspective: When Porsche wrecked VW, they held ~74% of shares and refused to sell when VW had an SI of like 41% and absolutely, historically, wrecked them. Institutional investors holding long positions, who increased their long positions Friday currently hold >80% and Melvin has a 72% SI which is highly contested and probably actually even a lot greater given the total unlikelihood they were able to recoup so much from the prior figure of 120+%. Melvin is kill. Buy now. Fuck shilling.

>>28303389

Fuck GME

Get in CLF

>>28305693
I'm curious, how much are you in for? And at what average?

>>28304838
I’m pretty sure what I described is happening now. The retail market buys are probably running dry.