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SteelSaving said:
If you still think it's the reddit crowd manipulating this situation, I don't know what else to say.
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Some food for thought. When someone announces on message boards to be strong and hold your shares, it means somebody is looking for bag holders. They were looking for any uptick to hopefully break even. "Just if it would go up 10 more dollars, I'll sell...."

The three idiots referenced below, however, are not serfs and see this as nothing more than an online arcade. They can lose $1B and shrug it off. Losing $50,000 on some speculation is a nickel slot machine to them. Yet people still look up to them.

“They are leading sheep to slaughter,” said Joe Saluzzi, partner at Themis Trading. Prominent personalities like Cuban, Musk and Palihapitiya “are saying hold the line”, he added. “People are believing them. The retail folks don’t understand . . . It is gambling and it is being influenced and encouraged by people that should know better.”
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I give this guy credit for being honest since the media has done nothing but glorify this mess.

Michael, a corporate accountant who asked that his last name not be used, said he moved his $69,000 Vanguard retirement account into GameStop shares when they fell to $230 per share on Monday. Yet as the shares continued to tumble, he offloaded his holding on Tuesday, crystallising a $42,000 loss.

“I built that . . . balance over a three-and-a-half-year period,” he said. “And in a moment of intense hype, in a moment of weakness for me, I messed it all up in a matter of a day.” The 27-year-old said he believes he can bounce back from this loss by the time he wants to retire. “But I should’ve known better.”
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https://www.ft.com/content/04e6c524-389b-47fc-afaa-eb52c1e76048
 
Bullitt said:
Some food for thought. When someone announces on message boards to be strong and hold your shares, it means somebody is looking for bag holders. They were looking for any uptick to hopefully break even. "Just if it would go up 10 more dollars, I'll sell...."

The three idiots referenced below, however, are not serfs and see this as nothing more than an online arcade. They can lose $1B and shrug it off. Losing $50,000 on some speculation is a nickel slot machine to them. Yet people still look up to them.



I give this guy credit for being honest since the media has done nothing but glorify this mess.



https://www.ft.com/content/04e6c524-389b-47fc-afaa-eb52c1e76048
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Reddit crowd was manipulating each other, no doubt. But what percentage of shares were they holding?
Were they responsible for retail brokers shutting down trading?
Were they responsible for still allowing professionals to trade at will?

Again, if what you typed is what you think, how can you say reddit was behind that manipulation?
 
Steelsaving, give it a rest. What is it, you're upset the revolution didn't happen? You bought one of these stocks or SLV and got stuck holding the bag?

Sure, some stocks were heavily shorted and big money smelled blood in the water, but what sparked Gamestop and AMC panic?

Read up on a thing called order flow, particularly in the case of Robinhood and how they can offer free trades. Robinhood is the last stop on the line. If you're concerned about order priority, go to a real broker like Fidelity which does not sell order flow. Fidelity is probably not being front run by Citadel. Better yet, you could pay some $40k a year for a license to trade direct on the NYSE and not have to rely on anybody.

I also suggest you read up on the difference between what I'll refer to as Wall Street and individual discount brokerage speculators. Institutions make their own market. When Steve Cohen wants to buy, his traders don't use intermediaries, they just do it via their market making arm. You aren't even seeing the same bid/ask as Citadel even if you have Level II quotes enabled. David Swenson attributed his years of outperformance at Yale to having direct access to low-liquid markets that others needed intermediaries to access.
 
The squeezers are getting taken out again today. Gamestop and AMC.

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Do not believe everything MSM says. It is a war of attrition and the Hedge Funds Have well over 200 million (that's right) naked short positions on GME. While the posted Short interest does not support my claim, the Long ITM Calls and OOM Puts does support it. It is similar for AMC. This will really mess with the rest of the market once things coalesce. This of it as Archegos on steroids.
 
All the Reddit crowd is doing is "Buying, Hodling, and Voting". How can that be stock manipulation? "We like the stock!"

Naked shorting a company by 250 million shares (that I know of) is stock manipulation. That is a problem when only 70 million shares should exist.
 
That is interesting because it is ok'ed for open dissemination with the publishers approval.

EDIT: I just received the same msg.

Here is some additional Info. There is a Ask Me Anything (AMA) this afternoon with the one of the lawyer's that supported Overstock (another Hedge Fund target). Feel free to drop in.

There are also links to previous AMS's to include one from the former Director of the Depository Trust company (DTC) all discussing this issue.

https://www.reddit.com/r/Superstonk...rstonk_daily_dd_tuesday_05182021_its_ama_day/
 
Wow, look at the pre-market this morning. The meme boyz will be giddy :nuts::nuts::nuts: . . :laugh:

GME.PNG
 
GameStop shares soar 110% and are halted as trader ‘Roaring Kitty’ who drove meme craze resurfaces

GameStop shares rallied more than 110% on Monday after “Roaring Kitty,” the man who inspired the epic short squeeze of 2021, posted online for the first time in roughly three years.

Trading in GameStop was halted multiple times due to volatility in morning trading. AMC, another meme stock, jumped 22% Monday, while Reddit traded 11% higher.
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GME jumps as trader '''Roaring Kitty''' who drove meme craze posts again


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I think RoaringKitty has $100 million or so on the line this week when his call options expire.

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