TLDR; trade volume on GME is *low*. Prices are dropping because of price manipulation. Media reports are BS; low trade volume proves it. Basically: hedge funds are moving the shares to one another, causing price algorithms to think price is dropping. Also, no one on Reddit is buying SLV (Silver). In fact, Melvin has made calls on it, which means they will make money when it goes up. Full comment in all its glory from Reddit: https://www.reddit.com/r/wallstreetbets/comments/lab86a/gme_discussion_thread_for_february_1_2021_part_3/gln78vg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 EXPLANATION FOR WORRIED NEWBIE TRADERS 👇🏻 ”The volume is low”. What does this mean? The total volume of shares being moved around is LOW. The dips you are seeing are artificial and are NOT due to people selling shares. It’s illegal market manipulation at its finest. Hedge funders sell their shares to each other at lower and lower bids (by tiny amounts) in rapid succession using bots. This tricks the algorithm into thinking a shit ton of shares are being dumped = the price is shown to go down. In reality, no one is selling. Hedge funders are just moving shares between each other. If people were actually selling, you’d need at least 10x the volume to bring the price down like that. So, stop panicking p*ssies. They’ve been doing this all week. Stop staring at your screen and watching every dollar movement. Go for a walk without a phone, have a shower, damn have breakfast if you haven’t already. Share this info to other newbie traders Info of volume can be see in level 2 market data, found free on this stream:https://www.youtube.com/watch?v=EQbg_WU-0AQ&ab_channel=StocksBigPlays WHAT'S TO STOP THEM FROM DOING THIS FOREVER? Well, unlike us ret*rded diamond handed monkeys, everyone with a short position has to pay daily interest on their positions to their broker. The longer they wait the more they have to pay to stay in the game. This is a war of attrition, but one side (us) does not have a financial penalty for staying on the battlefield, the other side (those with short positions) do. #investments #gme #melvin
It’s so disgusting 🤮 media keeps sending fake news.
I think tomorrow afternoon there will be a mini squeeze. This is because all the options that expired ITM from $115 to $320 will have to be delivered (T+2 business days from Friday is today). Till then this shit show will go on.
This says short interest is already low. http://isthesqueezesquoze.com
https://finviz.com/quote.ashx?t=GME this doesn’t. Which one to believe?
Holding my 700 shares. All these lying, fake news and dirty tricks only confirming that we are winning and the squeeze will be huge. My unrealized loss is temporary. The squeeze will be very real
Sounds like Trump.
What you buy in at?
💎 🤲🏼
VW happened on 12.8% short interest. It’s just mind boggling to me gme is currently at 50+
That's because VW was taken private. The shorts were forced to cover. GME shorts are not forced to cover yet.
Soon they will have to based on time to cover positions. And given the fact that it’s shorted beyond availability
What do you think ask price can be for $GME shares? Is $8000 possible from squeeze? $4000? I have set sell limit to 4206.90 for now
VW happened @12.8% SI. Price went to $1000. Gme is min +50% shorted depending on how much covered in a week. This number is couldn’t be validated due to lack of reporting. Est. Si was 80+ end of Friday
What does this mean? We can see $4000 price?
Their interest is like 30M though which is like pennies to them, they can do this forever.
What 30m,? si? As of 29th it was 80+%
Yep, it’s much more than that. Melvin’s down 50% and had to borrow almost $3B. https://www.marketwatch.com/story/gamestop-short-melvin-capital-lost-53-in-january-2021-01-31
More GME shares become available at Robinhood. If only one share availability has been the restriction for raising up the price, we may see some buy actions from retailers tomorrow. This is just my guess. No one knows what will happen given the media coverage made everything unpredictable. Just follow your heart.
Pig hands will get slaughtered, whining pigs to be ignored. 💎 hands will reap long term gains
I'm taking a small position tomorrow
Woot woor
Holding!
Buying!