Aren't they basically doing what DiCaprio was doing in Wolf of Wall Street? Except I doubt any of them have Margot Robbie waiting at home. More like the guy Jonah Hill played.
The strategy is pretty brilliant. Buying shares and options of the most heavily shorted stocks. Works if enough people all do it together. Melvin Capital required a $3b bailout to cover their losses.
“Manipulation is for me not for thee” said the high priest of the New Order.
Curious how they will accomplish this. No doubt they will find a way. Water always flows downhill, money always flows uphill.
.... and they're going
https://www.cnbc.com/2021/01/27/gamestop-and-amc-are-dropping-in-overnight-trading-after-explosive-rally.html
https://www.cnbc.com/2021/01/27/what-to-know-about-gamestops-stock-spike.html
This should tell you guys this shit is real (not a 'pump and dump') and institutional cats are freaking the fuck out
But HFT is A-OK. Fuck them.
Aren't they basically doing what DiCaprio was doing in Wolf of Wall Street? Except I doubt any of them have Margot Robbie waiting at home. More like the guy Jonah Hill played.
The strategy is pretty brilliant. Buying shares and options of the most heavily shorted stocks. Works if enough people all do it together. Melvin Capital required a $3b bailout to cover their losses.
https://www.zerohedge.com/markets/gamespot-chaos-stock-hits-365-then-dips-after-report-melvin-citron-cover-shorts
Yeah, just saw that after I posted. :)
Was tempted to FOMO in and buy the basket of stocks on the ZH list. Probably won't, have a rule to not invest in things that I don't fully understand.
So then call your broker and buy the stock and instruct your broker not to sell it to anyone else
Not the ones doing it to fuck with the rich.
Just the late comers really.