ICTChris Posted January 29, 2021 Share Posted January 29, 2021 0 Quote Link to comment Share on other sites More sharing options...
Lex Posted January 29, 2021 Share Posted January 29, 2021 Probably, but there was a huge campaign to short it before, including loons trying to crash their test cars. The madness goes both ways.Hedge funds have been losing money shorting Tesla for years. Is it over valued? Who knows. People have been calling tech stocks over valued for 20 years now, they still keep going up. Maybe they’ll be right one day. The reality is no one can time the market and anyone who tells you they can is lying to you. 0 Quote Link to comment Share on other sites More sharing options...
thistledo Posted January 29, 2021 Share Posted January 29, 2021 Since Melvin have closed the position on shorting GME, I do wonder if any further Reddit chat of investment in them is a bluff. I did read that BlackRock actually had a huge amount of shares in GME prior to all of this, yesterday would have been the perfect time to dump that, I'm not sure if they did. If the same closing/opening of trade happens again today, I don't think I would get involved. It's tempting to back AMC, but I'd be poised to get out fast. Best of luck to those that are going for it. 0 Quote Link to comment Share on other sites More sharing options...
die hard doonhamer Posted January 29, 2021 Share Posted January 29, 2021 GME currently trading around 390 pre-market. Today could be another wild ride. 0 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted January 29, 2021 Share Posted January 29, 2021 Got partially out last night to cover any possible losses on my remaining stocks. 5.09 units @ $71.89. Should be a lot funner this way considering my heart nearly dropped out my arse when it hit 126 a share yesterday. 0 Quote Link to comment Share on other sites More sharing options...
jamamafegan Posted January 29, 2021 Share Posted January 29, 2021 My AMC stock doubled at one point yesterday. Hopefully there’s more mileage in this madness yet. 0 Quote Link to comment Share on other sites More sharing options...
NotThePars Posted January 29, 2021 Share Posted January 29, 2021 2 hours ago, ICTChris said: We live in a meme economy now both culturally and increasingly economically. The dumbest timeline. 2 Quote Link to comment Share on other sites More sharing options...
SANTAN Posted January 29, 2021 Share Posted January 29, 2021 27 minutes ago, NotThePars said: We live in a meme economy now both culturally and increasingly economically. The dumbest timeline. I've made $100 this morning on doge coin 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted January 29, 2021 Share Posted January 29, 2021 My AMC stock doubled at one point yesterday. Hopefully there’s more mileage in this madness yet.Up 55% pre market... More money..would stay in for too long when market opens 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted January 29, 2021 Share Posted January 29, 2021 Ha ha, GameStop up 100% premarket... 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted January 29, 2021 Share Posted January 29, 2021 Arouri Cannabis could be next one? 0 Quote Link to comment Share on other sites More sharing options...
GiGi Posted January 29, 2021 Share Posted January 29, 2021 (edited) https://www.bbc.co.uk/news/uk-england-nottinghamshire-55849192 Quote A society promoting legendary outlaw Robin Hood has seen a huge surge in its social media following from people confusing it with the US stock trading platform Robinhood. Edited January 29, 2021 by GiGi 1 Quote Link to comment Share on other sites More sharing options...
Lofarl Posted January 29, 2021 Share Posted January 29, 2021 Truth. 0 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted January 29, 2021 Share Posted January 29, 2021 Bailed on AMC with a 100 pound profit off 250. GIRFUY billionaires 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, Bairnardo said: Bailed on AMC with a 100 pound profit off 250. GIRFUY billionaires ^^^ The Hamster Of Wall Street. 8 Quote Link to comment Share on other sites More sharing options...
jamamafegan Posted January 29, 2021 Share Posted January 29, 2021 That’s me out as well. Only made about 50 quid. 50 quid more than I had yesterday though. If Bairnardo is the hamster then I must be the shrew. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted January 29, 2021 Share Posted January 29, 2021 1 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted January 29, 2021 Share Posted January 29, 2021 15 minutes ago, jamamafegan said: That’s me out as well. Only made about 50 quid. 50 quid more than I had yesterday though. If Bairnardo is the hamster then I must be the shrew. Aye, it was a shrew(d) investment. -1 Quote Link to comment Share on other sites More sharing options...
Honest_Man#1 Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, Bairnardo said: Bailed on AMC with a 100 pound profit off 250. GIRFUY billionaires 1 hour ago, jamamafegan said: That’s me out as well. Only made about 50 quid. 50 quid more than I had yesterday though. If Bairnardo is the hamster then I must be the shrew. Unfortunately for those with a lot invested in this, the above is a natural behaviour when it starts to drop, but is also the reason for big drops. If everyone had the balls to keep what they’ve got when there is a short position to be recovered, then the price would escalate, but when people panic like the above it becomes a self-fulfilling prophecy. 0 Quote Link to comment Share on other sites More sharing options...
Thistle_do_nicely Posted January 29, 2021 Share Posted January 29, 2021 (edited) Aw age restriction, pish. Edited January 29, 2021 by Thistle_do_nicely 0 Quote Link to comment Share on other sites More sharing options...
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