General Why aren't you dorks talking about gamestonk hilarity?

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kneeblock

Drapetomaniac
Apr 18, 2015
11,069
20,452
Looks like I might finally make back the money I lost on this when I bought high. I really just wanted to watch a hedge fund or two collapse, but it seems like we're past that stage. I definitely have to get out before I accidentally end up making a profit.
 

Hauler

It takes twice as long to build bridges you burn.
Feb 3, 2016
31,287
42,705
Looks like I might finally make back the money I lost on this when I bought high. I really just wanted to watch a hedge fund or two collapse, but it seems like we're past that stage. I definitely have to get out before I accidentally end up making a profit.
It's OK if your principles coincide with personal profits.
 

Hauler

It takes twice as long to build bridges you burn.
Feb 3, 2016
31,287
42,705
Going to be interesting now that the meme stonks will have to rely on normal circuit breakers (up or down) instead of illegal rule changes that some brokerages were making up on the fly to force downward pressure to help their hedge buddies.

GME still has a 26% of the float shorted.
 

Hauler

It takes twice as long to build bridges you burn.
Feb 3, 2016
31,287
42,705
I don’t know why they halted trading on GME and AMC. It dropped it so freaking much.
The market has "circuit breakers" where if a stock gains or loses too much too quickly - it will pause trading on a stock to let everyone catch their breath.

Generally it's for downward collapses, but it can get triggered by upward movement as well.

GME has been halted 7 times today:
12:27
12:34
12:40
12:46
12:51
12:58
13:17

Most of the halts were from downward volatility that started around 12:20 when people started selling off.
 
Oct 20, 2015
14,818
17,337
The market has "circuit breakers" where if a stock gains or loses too much too quickly - it will pause trading on a stock to let everyone catch their breath.

Generally it's for downward collapses, but it can get triggered by upward movement as well.

GME has been halted 7 times today:
12:27
12:34
12:40
12:46
12:51
12:58
13:17

Most of the halts were from downward volatility that started around 12:20 when people started selling off.
Wish I would have grabbed some when it was down at $40. I knew it was gonna jump back up, too. Damn.
 

Hauler

It takes twice as long to build bridges you burn.
Feb 3, 2016
31,287
42,705
AMC up 22% in early trading to $13.55

GME more steady at 4% gain trading at $276. For GME I think we'll see a push to $300, followed by a selloff down to the $150 range. Purely a guess - upward movement on this stonk is based on nothing. Downward movement is triggered when enough people blink, followed by a chain reaction of profit taking.
 

Hauler

It takes twice as long to build bridges you burn.
Feb 3, 2016
31,287
42,705
Reddit nerds at it again.

AMC up 22%
GME up 46%
KOSS up 50%

Stimmy checks must have landed.