/biz/ - Business & Finance

[Anonymous No.27533195]

/gpg/ - GME Post Mortem General #1: GET OUT NOW Edition

>Why should I get out now?
Because they lied about the Short to Float %. We don't know what it is now, but it's probably under 50% AND the positions were probably opened above $300. Now that the hype has died a bit (and they're still restricting buys somewhat), that is not going to get squeezed.

>How did they lie?
EVERYONE at the beginning of the week said short to float % was still above 100%. Many analytics websites said it was still at 140% (or even above 200%) with the date "Last Updated (today's date)" prominently displayed. I myself was on biz (and other sites) for most of the last week and never heard about the fact this number is not updated until Monday (Feb 1). EVEN THE "SELL GME NOW" SHILLS DID NOT MENTION THIS. Also, they last update seems to be over a month ago, so it's even later than usual.

>Where is the squeeze?
They probably closed their positions on Monday and Tuesday, during the runup from $100 to $350. That's what caused the pump. THAT was the squeeze. But they also shilled it in the media so you thought the pump was coming from "redditors", and the squeeze hadn't happened yet.

[Anonymous No.27533355]

It probably worked like this:
>1. Melvin & Co. are in the hole for a massive amount of money because their short positions are underwater and the naked calls they sold are about to cause a gamma squeeze.
>2. They use the rope-a-dope strategy: publicize their losses on all major media while closing their positions. (Check out "the crying billionaire" video for some bad acting ~ should have sold when I saw that one desu.)
>3. MOST PEOPLE DON'T KNOW THE SHORT TO FLOAT % IS NOT UPDATED IN REAL TIME, SO PEOPLE THINK THIS PUMP IS FROM REDDITORS AND THE SQUEEZE HASN'T HAPPENED YET. In reality that LAST pump was the squeeze. They have probably had this trick in their back pocket for a while, so they choose to use it now.
>4. While normies are buying in, THEY OPEN NEW SHORT POSITIONS AT THE HIGHER PRICE.
>5. Fortunately they miscalculate and almost get squeezed again. Since this one might actually bankrupt some major banks the clearing house has to step in and freeze trading. The focus is on Robinhood because they broke the "buy" button, but they are just the fall guy to divert attention from the clearing house. That's why (((Elon Musk))) had the interview with that guy and not with someone from the clearing house.

>Hurr durr I told you it was the top.
Biz was flooded for 3-4 days with threads saying SELL GME NOW but they were all giving bad, emotional arguments and NOT sharing the fact that Short to Float% was an old number. Even when confronted with the Short to Float% being over 100% they never argued with that point. THIS IS A COMMON BUT EFFECTIVE TACTIC OF REVERSE PSYCHOLOGY. Argue FOR something but purposefully use bad arguments so people do the opposite. Then you can (try to) get the mark to blame himself when things go wrong.

This was not emotional trading. The stock to float was supposed to be above 100% AND they had to break the system to win.
This was not revenge trading. The stock to float was supposed to be above 100% AND they had to break the system to win.

[Anonymous No.27533470]

Why do I say "break the system" instead of just "break the rules"? Because they always break the rules, but this time they had to break them so brazenly that it undermines regular people's TRUST in the system, which IS THE FOUNDATION OF THE SYSTEM. This was unexpected but not unwelcome.

>Muh people won't do anything. Nobody ever does anything.
People don't storm their capitol in pitchforks because it's not in their nature. (The "stop the steal" people were let in, that event was obviously staged, and I doubt anyone actually died.) What they CAN do is:

>pull their 401ks out of the stock market completely and begin to educate themselves about protecting their money
>refuse unconstitutional mandates, vaccines, etc.
>avoid taxes wherever possible (but still collect gibs wherever they can)
>agitate for paper ballots with complete chain of custody
>REFUSE to pay IRS taxes (look up TAX RESISTANCE, lots of people do it and get away with it)
>agitate for taking away the power of the IRS to take the house, car, or freedom of a person over over taxes (if the states can collect taxes without this power, why does the federal government need it?)

Also, DON'T SHORT GME YOURSELF. If they see a lot of people shorting, they will probably pump the stock one last time just to be assholes.

Let’s use this event to learn something. Stay positive :)

[Anonymous No.27533850]

>>27533195
I don't know about GME but I like movies

[Anonymous No.27533873]

I think it's pretty obvious all the "SELL GME" now shills were just sour grapes who either sold at 50-80 or people who sold on friday and didn't want to see others succeed after themselves selling. they had a 50/50 chance that the it would either crash or moon so obviously they're going to act smug about being right in hindsight.

[Anonymous No.27533957]

>>27533873
>who either sold at 50-80

kek you wish, /smg/ put the price target at $20

[Anonymous No.27534122]

>>27533195
>>27533355
>>27533470
>>27533873
DIDNT READ; NOT SELLING

[Anonymous No.27534469]

Based, Read and Still Not Selling

[Anonymous No.27534968]

Everyone has killed himself already.

[Anonymous No.27535106]

Lost 95% of my portfolio because of Robinhood bailing out the Jews on Thursday. Put everything left into GME puts today. Please for the love of god crash into nothing tomorrow.
Last two digits are the morning crash.

[Anonymous No.27535951]

>>27533195

Why the fuck is /biz/ panicking? This shit is still in the news. Or is it just jews posting this shit so it can drop lower so they can buy back in? Actually, thats kinda based.

[Anonymous No.27535997]

>>27534122
same, holding to $1000 or $0, whatever comes first

[Anonymous No.27536066]

>>27533873
>>27533957
looks like the "sell when there’s wall to wall shilling on biz" meme is the right one

[Anonymous No.27536248]

the second i complete a buy, that money is gone. i've already processed it as a loss in my monthly budget, the way i would a night wih friends at a strip club or an expensive dinner with the wife. the money is gone; it's been spent.

what's left is the potential. i'll never sell below $1k minimum, not even if i end up leaving my next to worthless gme shares to my great grandson in 2099. i'm holding for the potential of a moon, don't give a fuck about the loss.

[Anonymous No.27536335]

Sold on the dip to 107 this morning. The rebound to 140ish gave me some serious regret but seeing the AH now it feels like the right choice. Just wish I learned this lesson sooner. Probably the most expensive lesson I've ever paid for, but one I absolutely won't forget.

[Anonymous No.27536418]

>GME ended at $225.00 exactly yesterday
>today it fell to $90.00 exactly
Doesn’t that seem kind of strange?

[Anonymous No.27536477]

>>27536335
the lesson here was clearly "hold longer for a better return", not sure what your point is

[Anonymous No.27536546]

>>27533195
Wow ive never seen so many people on /biz/ “concerned” for my financial well being! Thanks kike!

[Anonymous No.27536580]

>>27535951
i sold at $120 so yeah it will probably pump to $500 soon.

[Anonymous No.27536585]

>>27534122
Based and same

[Anonymous No.27536671]

>>27536418
and $325.00 on friday

[Anonymous No.27536715]

>>27536248
That was my philosophy when I bought as well. It was a gamble. If I lost, the 10% its now worth is at least a few shares that can't be driven into the ground. Maybe gme gets some capital off their slightly better position than before the ruckus, or maybe they continue to suck. I lost. O would have rather doubled my investment. Its like I had a bad night at a casino, but with more memes.

[Anonymous No.27536736]

>>27536335
not even close to my most expensive lesson. that lesson was "margin trading is not for you"

[Anonymous No.27536787]

>>27536335
Same bro, sold at 113. Lost 215$ on each share. Feeling shitty but life goes on.

[Anonymous No.27536995]

>>27536736
This. I was thinking about getting into corn futures. No fucking way until I build my warehouse and have the cash market to play off too. Being a middle man isn't easy money.

[Anonymous No.27537188]

>>27536715
that's exactly it. no one gives a fuck if you walk up to craps table and leave with empty pockets, but saying "i still have stock in gamestop, and if it comes back around i'll buy you all a car with it" is at least an interesting talking point. holding is worth it just for the memes at this point

[Anonymous No.27537271]

>>27536418
it’s kind of strange that the numbers in your post add up to 18 (chai, jewish numerology).

in 2018 i saw the binance bitcoin price top out at $6666.66 once and stay there for all of Easter Sunday. jews love these stupid numbers.

[Anonymous No.27537443]

Now is the perfect time to get in. So far the rich has largely been against us, but as the price drops others will see it as a perfect opportunity to make money and revitalize the "meme" using their own media manipulation (like how Melvin has already done).

[Anonymous No.27537563]

>>27536418
hmmm yes, what do the numbers tell us, Q

[Anonymous No.27537734]

>>27537443
It'd only be the perfect time to get in if it was actually going anywhere. There is nothing to suggest a squeeze is still viable after thursday.

[Anonymous No.27537835]

>>27536335
good on you honestly. feeling the same as you.

[Anonymous No.27537844]

>>27536715
>>27537188
im definitely getting a gamestop tshirt now

[Anonymous No.27538261]

>haha since i'm getting paid to shitpost maybe i can make threads too?
kill yourself, never selling. didn't read

[Anonymous No.27538626]

>>27536546
no problem fellow white man! 8>)

[Anonymous No.27539153]

>>27536995
for some reason ive had more luck with btc calls (permabulls get really dumb with their money when bitcorn’s pumping), but yeah only with 10-20% of my stack. theta just bleeds you out on dull months.

[Anonymous No.27539772]

>THEY COVERED THEIR SHORTS
>NO THEY DIDNT THEY HID THEIR SHORTS
>NO IT WAS A PSYOP THEY REALLY COVERED THEIR SHORTS
How is the finance sector (one of the oldest and most well documented markets in history) this hard to find data on? Apparently you cant actually tell who has what position outside of a few days of the month, and the rest is wild speculation.

[Anonymous No.27540051]

>>27539772
bribery of politicians is legal under us law. anything illogical about the stock market is answered by that simple fact.

[Anonymous No.27540773]

God I’ve never had so much fun holding before. Why the fuck do you care if I hold money I’m throwing away? I don’t give a shit if its 0. I’m in to see to go either way then sell high then reinvest. Go to a fucking casino and go try to convince some old ladies to quit before you start bitching at us here.

[Anonymous No.27541009]

Is this short interest up to date:

https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0

[Anonymous No.27541397]

>>27533195
>Probably
>Probably
>Probably
>Probably
>Probably
I love how the entire western financial system hinges on some OTC signature.

[Anonymous No.27542777]

>>27533355
I was making posts about this

[Anonymous No.27542802]

>>27541397
Anyone saying he knows for sure what will happen is probably retarded.

[Anonymous No.27543032]

>>27542777
based, wish i had seen them. also nice triple 7

[Anonymous No.27543465]

>>27541009
226.42? i really don’t think so but they’re not clear on the date. even websites that say "as of x date" really mean "as of today’s date, this is the most recent number we have (which was reported weeks ago)". im thinking these types of things are left unclear for a reason.

[Anonymous No.27543750]

>>27540773
yeah but i was having a lot more fun using my money to farm BAO. number only go up.