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Old 05-13-2024, 08:36 AM
 
107,050 posts, read 109,362,256 times
Reputation: 80443

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roaring kitty the person who started the short squeeze on wall street is back after three years and game stop trading was halted a few times this morning . at one point it was up 110% on the day .

amc was also soaring up 22%
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Old 05-13-2024, 08:45 AM
 
Location: Warwick, RI
5,505 posts, read 6,354,215 times
Reputation: 9581
Ugh. People and their shiny objects lol.
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Old 05-13-2024, 10:21 AM
 
626 posts, read 296,206 times
Reputation: 520
These stories are getting old. Nice little pops of 75% and 45% respectively today, but do people really expect this to repeat what happened in 2021? I just don't see it doing another 100X Gamma squeeze. Options premiums are massive. You would have to be insane to buy call options right now. Holding the stock is the way to go if you think its going up massively, but you're playing with fire.
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Old 05-14-2024, 08:10 AM
 
626 posts, read 296,206 times
Reputation: 520
GME up over 150% in premarket, now 70% in regular trading. AMC is up 100% during regular trading despite the company announcing a share-offering. This party cannot last much longer. I just purchased a Put option on AMC at a $3.50 strike price expiring this Friday. They cost only $0.08. I bought 1 contract lol. We shall see.
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Old 05-14-2024, 11:01 AM
 
Location: I'm where I want to be. Are you?
19,263 posts, read 16,787,812 times
Reputation: 33424
It's been fun watching the action and reading the comments. People in high places are pretty upset that the memes are back. Short sellers especially.

It's going to be a wild summer.
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Old 05-14-2024, 11:33 AM
 
2,176 posts, read 3,405,879 times
Reputation: 2659
Time to raise interest rates another 100 basis points.
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Old 05-14-2024, 11:46 AM
 
107,050 posts, read 109,362,256 times
Reputation: 80443
there are things interest rates can’t fix , like a huge labor shortage

Last edited by mathjak107; 05-14-2024 at 12:04 PM..
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Old 05-14-2024, 12:00 PM
 
Location: Warwick, RI
5,505 posts, read 6,354,215 times
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Quote:
Originally Posted by mathjak107 View Post
ethere are things interest rates can’t fix , like a huge labor shortage
And a home shortage. Higher rates are not helping that one bit.
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Old 05-14-2024, 03:49 PM
 
Location: Orange County, CA
4,911 posts, read 3,375,096 times
Reputation: 2987
Quote:
Originally Posted by SoundAdvice4U View Post
GME up over 150% in premarket, now 70% in regular trading. AMC is up 100% during regular trading despite the company announcing a share-offering. This party cannot last much longer. I just purchased a Put option on AMC at a $3.50 strike price expiring this Friday. They cost only $0.08. I bought 1 contract lol. We shall see.
As a hardcore gamer, I don't see any appeal whatsoever in investing in GameStop as business, since games are going more and more digital (for better or worse).

Seems like it is either a 'pump and dump' scheme or a vengeance call against hedge funds supposedly by retail investors/traders.
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Old 05-14-2024, 07:17 PM
 
Location: SoFlo
661 posts, read 423,213 times
Reputation: 1351
Clueless comments being made with little to no research being done outside of mainstream media. I made $9,500 Monday and roughly $4,200 today and I was NOT playing option…simply buying, holding, and direct registering of said shares.
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