Stock Talk

[FBD]

[FBD]

entertainment

[PorkChopSandwiches]

I fucked up



GME GAMESTOP CORP NEW CL A
$317.90 +169.92 (+114.83%)

[FBD]

I fucked up



GME GAMESTOP CORP NEW CL A
$317.90 +169.92 (+114.83%)

Getting out too early while you're ahead is only a fuckup if it stays up like mad...this gamestop shit got started from some people trying to fuck over some hedge funds that were shorting the shit out of GS....while it isnt a guarantee to come crashing down...battles like this which are waged over relative bs dont normally wind up having the steam to keep that lever moved...

[PorkChopSandwiches]

Yeah, still a win

[FBD]

plebes will not be allowed to interfere in richfucks fuckery and will be actively excluded




the 4chan version

to deal the killing blow, prepare for a 1+ month hodl

Of the Interview:
-Some retail level DD on WSB & /Biz/ is on par with what you see at large investment firms in terms of quality and depth. A lot is still retarded
-Wallstreet has done a very good job keeping the man behind the curtain hidden but retail WILL catch up to big firms in terms of ability and access to research
-Higher levels of transparency will benefit everyone involved in the market
Of the overall GME situation:
-Hedge funds got greedy and Short Sold more shares than actually exist for GME. The plan was to buy the shares back at a lower price later and return them to the original owner, pocketing the difference
-People realized this bought up all the stock so the short sellers couldn't get it back
-The short sellers HAVE to return the shares by a certain date so they literally have to pay any price demanded, and if people don't sell then the price keeps going up.
-GME $2000 by Feb 19, Multiple Hedge Funds go bankrupt.

[FBD]

[PorkChopSandwiches]

Funny how that works

[PorkChopSandwiches]

https://www.vice.com/en/article/pkdv...gamestop-stock

[Godfather]

I can't even focus at work, this GME shit over at wallstreet bets is the funniest thing that has happened on the internet in a long time. u/deepfuckingvalue is now up $33 million on his $750k short position, he's a god.


You can hate AOC, but even a broke clock is right twice a day




I'm sure this is going to implode fairly shortly, but until then it's a helluva rollercoaster.

[Godfather]

[DemonGeminiX]

Fuck it, I'm in. $100 on GME via M1. Let's see where this bitch goes. I love rooting for the underdogs.

[brah pitt]

good luck today guys! Apparently, the $1000 meme is no longer a joke

[brah pitt]

https://www.vice.com/en/article/pkdv...gamestop-stock

This is actually a really good article

[Teh One Who Knocks]

By Lucas Manfredi | FOXBusiness


Could American Airlines' stock become the next GameStop? Reddit users believe it may be possible.

American Airlines surged more than 10% on Wednedsay morning after one discussion on Reddit's WallStreetBets forum posed the question, "AAL next GME?"

"Thoughts? AAL majorly shorted when all the other airlines aren’t," one user wrote. "Let’s get this bread wsb!!" (wsb stands for “r/wallstreetbets” a forum or “subreddit” on the popular social platform Reddit, where the discussion centers around investing -- especially speculative investing).

The Verge reported last Tuesday that the forum has decided to switch to private instead of public due to increased activity.

But before the switch occurred, one user replied that they think American Airlines stock is a "good one," noting that "GME is unique, but AAL could hit 30 soon."



Another user chimed in with agreement, writing "Might hit $30 tomorrow with this market. I doubt the big traders will let this opportunity pass them again."

However, not everyone on the forum agreed that the airline -- which number one in carrying passengers in 2019 before the pandemic hits -- would be a safe bet.

"Do what you want with your money, but AAL is a lot bigger than GME," the user said. "Airlines have been showing bad earnings so far and tomorrow could be bad for American. Don't forget that GME and AMC started with good news."

American Airlines, whose stock closed up more than 6% Wednesday at $16.56, its highest level since Dec. 3, will report fourth-quarter earnings on Thursday. Like its competitors, American has struggled as the coronavirus pandemic has ravaged demand for air travel.

A spokesperson for American Airlines did not immediately return FOX Business' request for comment.



The discussion on Reddit comes as CFRA Research changed its recommendation on American Airlines shares to hold from strong sell and lifted its price target to $19 from $8.

“We think the stock is a high risk for one of the recent retail-investor-driven short squeezes we’ve seen play out,” CFRA analyst Colin Scarola wrote in a client note.

American Airlines is the most shorted major U.S. carrier, with roughly 171.3 million of its 610.8 million shares outstanding, or about 28%, currently sold short, according to S&P Capital IQ.



In comparison, short-seller interest for shares of United Airlines, Southwest Airlines and Delta Airlines are all under 5%, with United at about 4.4%, Southwest at 2.9% and Delta at 2%.

American Airlines has become the latest potential target in amateur investors' crosshairs after Reddit users banded together to buy up GameStop's call options, causing the struggling retailer's shares to soar to unprecedented levels and hurting market short-sellers.

GameStop had been fighting the economic trends of the last decade as demand for video game discs dropped following technology advances that allow instant virtual purchases of games – removing the need for the game supplier or the store.



Other stocks recently targeted include AMC, Blackberry Limited and Bed Bath & Beyond, who, in addition to GameStop, have all seen triple-digit percentage increases over consecutive trading days.

According to Dow Jones Market Group, GameStop, AMC and Bed Bath & Beyond have seen increases of 762%, 538% and 103%, respectively, over the past five consecutive trading sessions while BlackBerry Limited has seen an increase of 237% over the past nine consecutive trading sessions.

The market chaos resulting from the gyrations has caught the attention of the White House, Treasury and SEC who have all said they are monitoring the situation after TD Ameritrade and Charles Schwab's mobile apps to experienced outages in response to "unprecedented volumes" during trading on Wednesday morning.