Stock Thread

[FreeBaGeL 9,624]

COIN open

[Nick Vermeil 3,628]

16 hours ago, Nick Vermeil said:

I'm holding (likely for the week) but am looking for the exit. 

I meant to say SELL! SELL! (RIOT).  

[drunken slob 637]

1 minute ago, FreeBaGeL said:

COIN open

Craziest open I've ever seen. Up 144% to $394 when I looked 

[Desert_Power 1,537]

WFC today

[FreeBaGeL 9,624]

Tried some COIN at 381.01 but didn't get filled.  I think it was pretty close it bounced all around there.   $414 now 

[McBokonon 4,284]

Just now, FreeBaGeL said:

Tried some COIN at 381.01 but didn't get filled.  I think it was pretty close it bounced all around there.   $414 now 

Yeah, mine didn't trigger either. Oh well.

[humpback 1,200]

29 minutes ago, FreeBaGeL said:

Tried some COIN at 381.01 but didn't get filled.  I think it was pretty close it bounced all around there.   $414 now 

 

26 minutes ago, McBokonon said:

Yeah, mine didn't trigger either. Oh well.

Did you leave your orders in?

[FreeBaGeL 9,624]

3 minutes ago, humpback said:

 

Did you leave your orders in?

No I was just trying to grab some for the initial push to sell a few mins later, not buy into a long term position.

I did get a couple really small scalps in on the way back down.

[McBokonon 4,284]

4 minutes ago, humpback said:

 

Did you leave your orders in?

No. 

[urbanhack 12,580]

In at $355

[urbanhack 12,580]

13 minutes ago, urbanhack said:

In at $355

doubled up at $335

[Capella 32,602]

10 minutes ago, urbanhack said:

doubled up at $335

What is your target for this 

[-OZ- 8,618]

Meanwhile I've just been watching my c3.ai ($AI) fall for a long time, finally got a bump today. It's still a value under $69. I'll buy more. 

[urbanhack 12,580]

4 minutes ago, Capella said:

What is your target for this 

It was below $365.

Just doubled up again at $313.

[BassNBrew 12,124]

At this rate coin will pass Amazon inside a month

[FreeBaGeL 9,624]

Entire friggin' market tanked right along with COIN.  Annoying.

[stbugs 3,687]

41 minutes ago, -OZ- said:

Meanwhile I've just been watching my c3.ai ($AI) fall for a long time, finally got a bump today. It's still a value under $69. I'll buy more. 

I just bought some (80 shares) around $63 last week. Might add some more but it’s nice to see it pop a little. Was contemplating adding when it got around $60 on Monday. Might wait to see if it settles back down as there wasn’t really much new news. People paid up to $180 in the two weeks after the IPO. The price now is basically the IPO price ($62ish) but it opened over $90 so the past couple weeks is the cheapest it’s ever been. 

[Capella 32,602]

42 minutes ago, urbanhack said:

It was below $365.

Just doubled up again at $313.

Think I’m gonna wait to see if this hits 2 something. Interested but that seems high to me. Jmo. 

[stbugs 3,687]

3 minutes ago, BassNBrew said:

At this rate coin will pass Amazon inside a month

I’d bet a lot of money that unless Amazon splits, COIN will never pass it in price.

[FreeBaGeL 9,624]

3 minutes ago, stbugs said:

I just bought some (80 shares) around $63 last week. Might add some more but it’s nice to see it pop a little. Was contemplating adding when it got around $60 on Monday. Might wait to see if it settles back down as there wasn’t really much new news. People paid up to $180 in the two weeks after the IPO. The price now is basically the IPO price ($62ish) but it opened over $90 so the past couple weeks is the cheapest it’s ever been. 

I had a little from IPO day at $100.  Sucks to see that back down here given how high the highs were that I held through, but oh well.

Bought 75 more shares earlier this week in the low 60's but sold out of the majority of those today in low 70's as, like you said, it seemed like too fast of a run-up on air.

Edited April 14 by FreeBaGeL

[stbugs 3,687]

1 minute ago, FreeBaGeL said:

I had a little from IPO day at $100.  Sucks to see that back down here given how high the highs were that I held through, but oh well.

Bought 75 more shares earlier this week in the low 60's but sold out of the majority of those today in low 70's as, like you said, it seemed like too fast of a run-up on air.

Yeah, I’m looking to add so I don’t mind it settling back down to $60 before I add more. Seems weird but it’s something I want to ride for awhile and it doesn’t seem like real news so I see a lower add.

The last few weeks have been nice to get me back positive on 2021, but I do have some more cash to use so don’t mind a day like this. I still have some SPACs and stuff like KALA hanging around. Might be a good time to finally dump those and reinvest elsewhere.

[JB Breakfast Club 1,496]

Green stonk days are fun. 

[FreeBaGeL 9,624]

1 minute ago, stbugs said:

I still have some SPACs and stuff like KALA hanging around. Might be a good time to finally dump those and reinvest elsewhere.

The pre-merger SPACs are interesting to me.  So many of them are down sitting right on NAV now whereas a month ago it was impossible to find any, even brand new ones, near NAV. 

SPACs have been "dead" before and come roaring back so seems like a solid no risk bet to start throwing some cash into those again if it's not cash that people are planning to spend elsewhere.

[JB Breakfast Club 1,496]

4 minutes ago, FreeBaGeL said:

The pre-merger SPACs are interesting to me.  So many of them are down sitting right on NAV now whereas a month ago it was impossible to find any, even brand new ones, near NAV. 

SPACs have been "dead" before and come roaring back so seems like a solid no risk bet to start throwing some cash into those again if it's not cash that people are planning to spend elsewhere.

I'd really like to see VACQ do something since the merger with Rocket Labs is imminent. VGAC (23andme) at $10 screams value, but it isn't budging. I'm confused by SPACs. 

[stbugs 3,687]

5 minutes ago, FreeBaGeL said:

The pre-merger SPACs are interesting to me.  So many of them are down sitting right on NAV now whereas a month ago it was impossible to find any, even brand new ones, near NAV. 

SPACs have been "dead" before and come roaring back so seems like a solid no risk bet to start throwing some cash into those again if it's not cash that people are planning to spend elsewhere.

That’s my thought. I haven’t finished all the positions I want to finish and at this point the chance that some of these SPACs merge with something I really want is negligible and honestly if they do you can still probably get in cheap enough if it’s long term.

[Desert_Power 1,537]

2 hours ago, Desert_Power said:

WFC today

Everything else took a dive into the close, but WFC finished at $42.03 🚀

[TripItUp 4,273]

3 hours ago, TripItUp said:

My unsolicited advice, do not buy COIN here.  You'll get a better price eventually.

 

 

by "eventually" I meant this afternoon.   

The way they publicize and pump these offerings is a crime...rookie retailers can get really burned.

Edited April 14 by TripItUp

[Bossman 1,957]

Alright, I'm obviously doing this stock trading thing wrong.

Someone please tell me how or where I can go to invest with the Hedge funds. Are there specific brokers for these?

These guys must be  making boatloads of money... While everything in my portfolio is red.

 

[BassNBrew 12,124]

4 hours ago, Desert_Power said:

Everything else took a dive into the close, but WFC finished at $42.03 🚀

I remember people last summer telling me I was foolish for buying in the low 20s. If only I’d had some conviction on a good stock and not gotten Bezeled into Anchozon I’d be retiring a year earlier. 

[Desert_Power 1,537]

1 hour ago, BassNBrew said:

I remember people last summer telling me I was foolish for buying in the low 20s. If only I’d had some conviction on a good stock and not gotten Bezeled into Anchozon I’d be retiring a year earlier. 

I have some shares at 22.05 that finally hit long term in a month, but should have bought a lot more that day. Would have been a better buy than some of the things I bought last summer, but the exposure was just too big.

Will be interesting to see how BAC does tomorrow. I still think analysts have not truly priced in the reserve release/buy back frenzy that we will see later this year. JPM alone released $5B of reserves for loan loss last quarter. CECL was never understood by the street IMO.

Edited April 15 by Desert_Power

[David Dodds 2,865]

I don't want to turn this into a big GME thread so I will be brief here.

And although I know it's impossible to time the market, I have a lot of reasons to believe GME is about to be squeezed. I am not going to go through any of my reasons (you can find them if you spend countless hours on the Reddit forums) and give everyone ammunition to ridicule me when I end up being wrong. And I very well could be wrong.

I will however summarize how I will be approaching the next few days.

1. I expect major catalysts tomorrow (perhaps after market close) that will trigger a buying frenzy on Friday.

2. Friday's buying frenzy will in turn lead to a gamma squeeze as this call options train is deadly if the stock gets above $250. GME is a powder keg at these levels and will have a fairly smooth run up to $800 should the $250 get triggered. The $800 calls are massive and if ignited will put downward pressure on the entire stock market (forcing many liquidated positions to cover their GME shorts). 

3. If I am right, I suspect we will see craziness on Monday/Tuesday and am predicting GME peak squeeze to be on Tuesday 4/20 as short positions get margin called.

How I am approaching things:

A. I will be buyer only on Thursday. I have a huge position already, but am looking to add some shares if the market opens at a reasonable level.

B. I will be watching Friday closely. I likely won't buy or sell (unless somehow my hypothesis is way wrong and shares are being sold closer to max pain levels of $140/share) in which case I probably will add shares.

C. If my thesis is right, I will start selling Monday on in a complex scheme of selling and looking to replace those shares cheaper through the squeeze. My strategy is to try and ride the squeeze for as long as I possibly can. If my thesis is wrong, I am back to day trading this thing on Monday.

Good luck everyone. 

 

 

Edited April 15 by David Dodds

[KGB 547]

Hopping in Tesla or RIOT in the AM 

[Capella 32,602]

22 minutes ago, David Dodds said:

I don't want to turn this into a big GME thread so I will be brief here.

And although I know it's impossible to time the market, I have a lot of reasons to believe GME is about to be squeezed. I am not going to go through any of my reasons (you can find them if you spend countless hours on the Reddit forums) and give everyone ammunition to ridicule me when I end up being wrong. And I very well could be wrong.

I will however summarize how I will be approaching the next few days.

1. I expect major catalysts tomorrow (perhaps after market close) that will trigger a buying frenzy on Friday.

2. Friday's buying frenzy will in turn lead to a gamma squeeze as this call options train is deadly if the stock gets above $250. GME is a powder keg at these levels and will have a fairly smooth run up to $800 should the $250 get triggered. The $800 calls are massive and if ignited will put downward pressure on the entire stock market (forcing many liquidated positions to cover their GME shorts). 

3. If I am right, I suspect we will see craziness on Monday/Tuesday and am predicting GME peak squeeze to be on Tuesday 4/20 as short positions get margin called.

How I am approaching things:

A. I will be buyer only on Thursday. I have a huge position already, but am looking to add some shares if the market opens at a reasonable level.

B. I will be watching Friday closely. I likely won't buy or sell (unless somehow my hypothesis is way wrong and shares are being sold closer to max pain levels of $140/share) in which case I probably will add shares.

C. If my thesis is right, I will start selling Monday on in a complex scheme of selling and looking to replace those shares cheaper through the squeeze. My strategy is to try and ride the squeeze for as long as I possibly can. If my thesis is wrong, I am back to day trading this thing on Monday.

Good luck everyone. 

 

 

What catalysts do you expect tomorrow and why? 
 

I think gme chat is cool in here again. It’s tapered off significantly. 
 

Quick scan of WSB shows everybody excited for tomorrow and people saying they can’t sleep but there’s over 35,000 posts in that one thread alone. Far too much to read. 

Edited April 15 by Capella

[Nick Vermeil 3,628]

30 minutes ago, David Dodds said:

I don't want to turn this into a big GME thread so I will be brief here.

And although I know it's impossible to time the market, I have a lot of reasons to believe GME is about to be squeezed. I am not going to go through any of my reasons (you can find them if you spend countless hours on the Reddit forums) and give everyone ammunition to ridicule me when I end up being wrong. And I very well could be wrong.

I will however summarize how I will be approaching the next few days.

1. I expect major catalysts tomorrow (perhaps after market close) that will trigger a buying frenzy on Friday.

2. Friday's buying frenzy will in turn lead to a gamma squeeze as this call options train is deadly if the stock gets above $250. GME is a powder keg at these levels and will have a fairly smooth run up to $800 should the $250 get triggered. The $800 calls are massive and if ignited will put downward pressure on the entire stock market (forcing many liquidated positions to cover their GME shorts). 

3. If I am right, I suspect we will see craziness on Monday/Tuesday and am predicting GME peak squeeze to be on Tuesday 4/20 as short positions get margin called.

How I am approaching things:

A. I will be buyer only on Thursday. I have a huge position already, but am looking to add some shares if the market opens at a reasonable level.

B. I will be watching Friday closely. I likely won't buy or sell (unless somehow my hypothesis is way wrong and shares are being sold closer to max pain levels of $140/share) in which case I probably will add shares.

C. If my thesis is right, I will start selling Monday on in a complex scheme of selling and looking to replace those shares cheaper through the squeeze. My strategy is to try and ride the squeeze for as long as I possibly can. If my thesis is wrong, I am back to day trading this thing on Monday.

Good luck everyone. 

 

 

Let’s go!!!!  

[David Dodds 2,865]

23 minutes ago, Capella said:

What catalysts do you expect tomorrow and why? 
 

I think gme chat is cool in here again. It’s tapered off significantly. 

Listed in no order, I think all of these and more could help launch GME:

1. Roaring Kitty/DFV will exercise his calls and post his YOLO position by Friday at the latest.

2. CEO Sherman is out and will be off the board as well - Someone will be announced as interim CEO (Could be Ryan Cohen)

3. Gamestop results logged and announcing of Share Recall for upcoming vote at annual meeting in June.

4. Blackrock/Vanguard and a few other Cohen allies call back their GME shares from shorts so they can vote.

5. Blackrock earnings announcement and guidance (an indirect benefit)

6. SEC closed door meeting on 4/15 that many suspect is about liquidity concerns should GME squeeze. 

7. All of the DTCC rules that have published the last few weeks. These deal with liquidation issues of hedge funds and market makers.

8. Melvin Capital reported massive quarterly decline. They are likely hanging on by a thread from being margin-called.

9. GME paying off all of their 2023 debt frees them up to buy back shares, offer dividends, or be engaged in mergers/acquisition. They incurred a penalty to pay this debt off early. Why? What of the three things mentioned above are they looking to do?

10. There are numerous hints via GameStop Twitter/website, Roaring Kitty twitter, etc. that the squeeze is imminent.

I could go on and on. For me the biggest tell was how easy GME stock went up today. The usual shorting walls did not exist. Lots of buying via dark pools too. Whales have joined the party (I am guessing Blackrock, Vanguard and others are adding shares aqgressively and they mostly have been non-players the last 2 weeks. I read it as there is no one looking to defend against this upcoming gamma squeeze (the max pain Friday endings we have seen the last month). It's like everyone knows the inevitable short squeeze is happening with GME and the event was just delayed to get all the DTCC rules updated. But further delaying is just going to make the squeeze even bigger as retail and institutions are net-buyers of shares at these levels.

 

 

Edited April 15 by David Dodds

[Capella 32,602]

7 minutes ago, David Dodds said:

Listed in no order, I think all of these and more could help launch GME:

1. Roaring Kitty/DFV will exercise his calls and post his YOLO position by Friday at the latest.

2. CEO Sherman is out and will be off the board as well - Someone will be announced as interim CEO (Could be Ryan Cohen)

3. Gamestop results logged and announcing of Share Recall for upcoming vote at annual meeting in June.

4. Blackrock/Vanguard and a few other Cohen allies call back their GME shares from shorts so they can vote.

5. Blackrock earnings announcement and guidance (an indirect benefit)

6. SEC closed door meeting on 4/15 that many suspect is about liquidity concerns should GME squeeze. 

7. All of the DTCC rules that have published the last few weeks. These deal with liquidation issues of hedge funds and market makers.

8. Melvin Capital reported massive quarterly decline. They are likely hanging on by a thread from being margin-called.

9. GME paying off all of their 2023 debt frees them up to buy back shares, offer dividends, or be engaged in mergers/acquisition. They incurred a penalty to pay this debt off early. Why? What of the three things mentioned above are they looking to do?

10. There are numerous hints via GameStop Twitter/website, Roaring Kitty twitter, etc. that the squeeze is imminent.

I could go on and on. For me the biggest tell was how easy GME stock went up today. The usual shorting walls did not exist. Lots of buying via dark pools too. Whales have joined the party (I am guessing Blackrock, Vanguard and others are adding shares aqgressively and they mostly have been non-players the last 2 weeks. I read it as there is no one looking to defend against this upcoming gamma squeeze (the max pain Friday endings we have seen the last month). It's like everyone knows the inevitable short squeeze is happening with GME and the event was just delayed to get all the DTCC rules updated. But further delaying is just going to make the squeeze even bigger as retail and institutions are net-buyers of shares at these levels.

 

 

Alrighty then. I have no opinion if any of this will happen but I’m along for the ride. 

[identikit 2,182]

2 minutes ago, Capella said:

Alrighty then. I have no opinion if any of this will happen but I’m along for the ride. 

Ditto

[BassNBrew 12,124]

5 minutes ago, Capella said:

Alrighty then. I have no opinion if any of this will happen but I’m along for the ride. 

Hopefully it's not a ride down like the last triple witching blue moon to infinity Cappy nut squeeze.

[Capella 32,602]

4 minutes ago, BassNBrew said:

Hopefully it's not a ride down like the last triple witching blue moon to infinity Cappy nut squeeze.

If it is, at least Bezos is there to pick me up.  

[Dwayne Hoover 610]

JP Morgan analyst sees KALA as a strong buy.  Eysuvis just got launched in January so some patience is needed on this one but I also believe it's going to pay off big in the second half of the year.

https://finance.yahoo.com/news/jpmorgan-2-stocks-stellar-long-154218824.html

 

"The dry eye market, says Neyor, represents a significant opportunity, with roughly 17 million US diagnosed patients. The analyst’s “conservative” long-term peak sales forecast for Eysuvis stands at over $750 million and Neyor anticipates a strong sales push in the year’s latter half should “de-risk the company’s dry eye commercialization plans.”

Underpinned by Eysuvis, Neyor sees a “highly favorable risk/reward for Kala,” which is reflected in a bullish price target. At $17, the figure is set to reward investors with 12-month returns of 125%, should Neyor’s thesis play out accordingly. Unsurprisingly, Neyor has an Overweight (i.e. Buy) rating on the shares. 

Looking at the consensus breakdown, the J.P. Morgan analyst’s forecast appears on the more conservative end of the spectrum. Going by the $26 average price target, the shares are expected to surge by ~262% in the year ahead. Kala’s Strong Buy consensus rating is based on a unanimous 4 Buys. "

Edited April 15 by Dwayne Hoover

[David Dodds 2,865]

If I end up being right, I am getting one of these:

https://www.cyberlandr.com/

[JB Breakfast Club 1,496]

11 minutes ago, BassNBrew said:

Hopefully it's not a ride down like the last triple witching blue moon to infinity Cappy nut squeeze.

The 5D chess play if we think good guys are in charge is to set up a buy at 150 since that is where SSR would trigger for Friday, right? 

[David Dodds 2,865]

5 minutes ago, JB Breakfast Club said:

The 5D chess play if we think good guys are in charge is to set up a buy at 150 since that is where SSR would trigger for Friday, right? 

SSR triggers tomorrow at $149.88 and this could actually happen. I am not sure that is telling either way (the stock flies on Friday or it's brought to max pain near $145). Because even if the good guys want the stock to go crazy on Friday, having SSR in play would make it harder for shorts to counter. 

In the end, lots of big whales playing this way above all of us. If the squeeze does not happen soon though, I suspect it may never squeeze as the next gamma train is mid-July and I suspect interest is going to wain on this play.

[dkp993 8,086]

37 minutes ago, Capella said:

45 minutes ago, David Dodds said:

Listed in no order, I think all of these and more could help launch GME:

1. Roaring Kitty/DFV will exercise his calls and post his YOLO position by Friday at the latest.

2. CEO Sherman is out and will be off the board as well - Someone will be announced as interim CEO (Could be Ryan Cohen)

3. Gamestop results logged and announcing of Share Recall for upcoming vote at annual meeting in June.

4. Blackrock/Vanguard and a few other Cohen allies call back their GME shares from shorts so they can vote.

5. Blackrock earnings announcement and guidance (an indirect benefit)

6. SEC closed door meeting on 4/15 that many suspect is about liquidity concerns should GME squeeze. 

7. All of the DTCC rules that have published the last few weeks. These deal with liquidation issues of hedge funds and market makers.

8. Melvin Capital reported massive quarterly decline. They are likely hanging on by a thread from being margin-called.

9. GME paying off all of their 2023 debt frees them up to buy back shares, offer dividends, or be engaged in mergers/acquisition. They incurred a penalty to pay this debt off early. Why? What of the three things mentioned above are they looking to do?

10. There are numerous hints via GameStop Twitter/website, Roaring Kitty twitter, etc. that the squeeze is imminent.

I could go on and on. For me the biggest tell was how easy GME stock went up today. The usual shorting walls did not exist. Lots of buying via dark pools too. Whales have joined the party (I am guessing Blackrock, Vanguard and others are adding shares aqgressively and they mostly have been non-players the last 2 weeks. I read it as there is no one looking to defend against this upcoming gamma squeeze (the max pain Friday endings we have seen the last month). It's like everyone knows the inevitable short squeeze is happening with GME and the event was just delayed to get all the DTCC rules updated. But further delaying is just going to make the squeeze even bigger as retail and institutions are net-buyers of shares at these levels.

 

 

Expand  

Alrighty then. I have no opinion if any of this will happen but I’m along for the ride. 

🙏  my 4 shares are ride or die. Lol

I haven’t checked in a while but is 2mil per share still the floor?  😉

[David Dodds 2,865]

7 minutes ago, dkp993 said:

🙏  my 4 shares are ride or die. Lol

I haven’t checked in a while but is 2mil per share still the floor?  😉

The million per share guys bust me up. I think the SEC / Congress will intervene and settle. But I don't see how they award less than $1,000 a share. Everyone with $800 calls has to get paid and someone testified in front of Congress that this was heading above $1,000 a share when the platforms halted buying. 

 

Edited April 15 by David Dodds

[Desert_Power 1,537]

1 hour ago, David Dodds said:

2. Friday's buying frenzy will in turn lead to a gamma squeeze as this call options train is deadly if the stock gets above $250. GME is a powder keg at these levels and will have a fairly smooth run up to $800 should the $250 get triggered. The $800 calls are massive and if ignited will put downward pressure on the entire stock market (forcing many liquidated positions to cover their GME shorts). 

 

I do agree there is some mechanism driving the inverse correlation between GME and the broader market that we've seen in prior spikes.

[BassNBrew 12,124]

6 hours ago, Desert_Power said:

I do agree there is some mechanism driving the inverse correlation between GME and the broader market that we've seen in prior spikes.

Typically buy TZA and UVXY to protected against backslides.  May make sense to buy GME instead.

[JAA 2,957]

8 hours ago, David Dodds said:

I don't want to turn this into a big GME thread so I will be brief here.

And although I know it's impossible to time the market, I have a lot of reasons to believe GME is about to be squeezed. I am not going to go through any of my reasons (you can find them if you spend countless hours on the Reddit forums) and give everyone ammunition to ridicule me when I end up being wrong. And I very well could be wrong.

I will however summarize how I will be approaching the next few days.

1. I expect major catalysts tomorrow (perhaps after market close) that will trigger a buying frenzy on Friday.

2. Friday's buying frenzy will in turn lead to a gamma squeeze as this call options train is deadly if the stock gets above $250. GME is a powder keg at these levels and will have a fairly smooth run up to $800 should the $250 get triggered. The $800 calls are massive and if ignited will put downward pressure on the entire stock market (forcing many liquidated positions to cover their GME shorts). 

3. If I am right, I suspect we will see craziness on Monday/Tuesday and am predicting GME peak squeeze to be on Tuesday 4/20 as short positions get margin called.

How I am approaching things:

A. I will be buyer only on Thursday. I have a huge position already, but am looking to add some shares if the market opens at a reasonable level.

B. I will be watching Friday closely. I likely won't buy or sell (unless somehow my hypothesis is way wrong and shares are being sold closer to max pain levels of $140/share) in which case I probably will add shares.

C. If my thesis is right, I will start selling Monday on in a complex scheme of selling and looking to replace those shares cheaper through the squeeze. My strategy is to try and ride the squeeze for as long as I possibly can. If my thesis is wrong, I am back to day trading this thing on Monday.

Good luck everyone. 

 

 

Im on board, but I don’t see how this squeeze is any more potent than the last one. Frankly, the last one was exciting. We rocketed to 300, then the stock was halted, then there were massive short attacks.  Why won’t we see that exact scenario again?  Point being, the HFs don’t care that they are passing the buck to the next cycle. They will keep doing that until they win. They have the resources and they don’t care about the consequences. And as you mentioned there is a lot to lose if their positions are liquidated to cover. 

The only difference I see now is that the DTCC has instituted these new measures where through the day firms may be requested to show their ability to cover the shorts. Before it was like days later they could show, they just recently passed the ability to checkin multiple times a day. The reason for this is CYA such that if a true squeeze happens the clearing houses won’t be holding the bag. 

I’m long on GME but I’m not sure I see a true squeeze happening. There is billions and billions of dollars in the line. That’s a lot of bribe money. Needless to say I look forward to being wrong 🚀

Edited April 15 by JAA

[McBokonon 4,284]

8 hours ago, David Dodds said:

 

3. Gamestop results logged and announcing of Share Recall for upcoming vote at annual meeting in June.

 

We were talking about this one earlier in the thread and it’s one you’ve brought up a lot. Companies don’t recall shares - those who lent shares to short sellers recall shares. Is the theory that GME lent out their own shares to be shorted? Because that’s the only way this one makes sense and it really doesn’t even make sense then.

[JAA 2,957]

6 hours ago, Desert_Power said:

I do agree there is some mechanism driving the inverse correlation between GME and the broader market that we've seen in prior spikes.

This I agree with. 

I read a some  DD showing how the entire Russel 2000 index was being shorted to bring down the ETFs holding GME. Now, this is a little out there, but I do agree there has been a whole lot of correlation without causation of GME going up and the rest of the market (at least my portfolio) going down.