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

[Hauler]

House always wins. What are your thoughts on the Berkshire Hathaway Class A glitch? Related or nah?

They said glitch.
It has happened before - but it was odd that it happened to multiple, unrelated stocks at the same time. Maybe just a real bad day for an IT guy - or a test run for an all-out assault.

 

[Wild]

Even still, is there any viable pivot for them? The gaming industry in general is losing money left and right.

Video game company layoffs are creating an industry crisis

Video game companies have laid off thousands of workers this year

www.polygon.com

I expect some sort of acquisition. Maybe two. The CEO seems like a pretty sharp, aggressive dude.

 

[Hauler]

GME up 23% today
Back over $30

131mm transactions
2nd only to Apple

 

[Hauler]

Down $74 already on my GME short LOL. I need it to spike some more so I can SHORT SHORT SHORT some more!!!!

Now you're down $350

I'm sure it will correct tomorrow. Tread carefully.

I'd get out.

 

[Hauler]

GME/AMC comparison
Like I said - These meme stocks tend to follow each other.

I have CBS Saturday on in the family room as background noise - mostly because it was the program after my local Saturday morning girl Annie Brown - who I watch because she's a smoke show - and I'm too lazy to turn the channel. Anyway - one of their lead-in stories was Roaring Kitty and the GME resurgence.

Translation: This isn't over.
My prediction: We'll see spikes from FOMO investors who want a piece of the action but those spikes won't be long-lived because they don't have the diamond hands needed to maintain the higher price. Volatility will continue, with 20-40% swing ups in a single day only to give it all back a couple days later when those paper hands sell. Rinse/Repeat.

GME is "only" 22% shorted. So there isn't as big of a danger for a squeeze as there was last time.
AMC is 20% shorted.

To compare - the most heavily shorted stock that I can find is at 89% (SunPower, SPWR)

That doesn't mean you can't make money on GME or AMC - but a prolonged run up is probably unlikely.
But if you are going to gamble, I'd do so on the buy-low side and wait for the run.

I'd stay away from the short because those margin calls will be coming. If you take a $10k short position, most brokers will require $15k in war reserves. If the stock shoots up 40%, that $10k short is now $14k, and you'll need a war reserve of $21k to keep that position open.

I've been dicking around with the market for a long time. It is my policy to NEVER short. Your risk is - quite literally - infinite.

GME : red
AMC : black

View attachment 104227

GME up 23%
AMC up 11%

 

[Homeslice]

Yep, down $359 haha, fuk. DIAMOND HANDS!!! If it pops more tomorrow time to short another 50 shares! DIAMOND HANDS FOREVER!!!

 

[RodneyMeatcastle]

I made a few hundred in the last 24 hours buying and then selling GME. Easy money. Same with bitcoin. Wait till it falls to 66k, buy, wait till it hits 71k, sell. It's like printing money. And because people are so fucking stupid they ignore easy profits waiting for their big haul. Buy low, sell high, etc

 

[IschKabibble]

I expect some sort of acquisition. Maybe two. The CEO seems like a pretty sharp, aggressive dude.

Recent Microsoft game studio acquisitions are being closed after just a couple years. I see the industry taking a huge nosedive once the loot crate madness dries up.

 

[IschKabibble]

VR being the only potential savior. But how would GME take advantage?

 

[Hauler]

VR being the only potential savior. But how would GME take advantage?