Is the stock market going to tank?

[CovertM]

https://twitter.com/elonmusk/status/...894642703?s=20
Hahaha

Oh shit!

Had a limit order for $150 that didn't fill at market close.
Filled a limit order @ $190 after hours, took original principal plus 100% profit off the table. Still holding a few hundred shares of true YOLO money now. True test will be to not throw the cash back at the dip tomorrow

[CovertM]

Finding it hard to get anything done while constantly watching the GME price. Made more today than I do in a month of working my real job.

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congrats! I've decided this day shit is not for me...

[JimmyCarter]

Edit. Imo this is the actual short squeeze now

Seems to be a massive amount of new money coming in as well. Every massive dip was rebought instantly (or post halt).
Up another $30 right now after hours. (literally jumped to up 40 as I typed that)

[Mazderati]

For heavy industry, the assets are usually at depreciated book value, so the book value doesn’t tell you all that much about the current income producing capacity of those assets.

That book value does not tell the whole story does not mean it does not tell part of the story. Is there any single metric that does?



I don't know. I'll be over here with my oil and consumer goods stocks.

[CovertM]

Seems to be a massive amount of new money coming in as well. Every massive dip was rebought instantly (or post halt).
Up another $30 right now after hours. (literally jumped to up 40 as I typed that)

I'm going to have a hard time not taking more off the table if it keeps climbing after hours...

[LeeLau]

This gets better. My contribution to gmedd.com

https://www.sec.gov/Archives/edgar/d...1340-index.htm more.

Institutional investors must file a Schedule 13G within 45 days after the calendar year in which the investor holds more than 5% as of the year end or within 10 days after the end of the first month in which the person's beneficial ownership exceeds 10% of the class of equity securities.

Blackrock reports 13% of GME as of Dec 31 2020. This means Blackrock is on the squeeze and also smelled Melvin blood.

EDIT - my bad for reading on phone. It's an amendment. Blackrock had 11m and now has a little over 9m. Blackrock manages some ETFs that hold GME. I'd guess its portfolio rebalancing

[JimmyCarter]

This gets better. My contribution to gmedd.com

https://www.sec.gov/Archives/edgar/d...1340-index.htm more.

Institutional investors must file a Schedule 13G within 45 days after the calendar year in which the investor holds more than 5% as of the year end or within 10 days after the end of the first month in which the person's beneficial ownership exceeds 10% of the class of equity securities.

Blackrock reports 13% of GME as of Dec 31 2020. This means Blackrock is on the squeeze and also smelled Melvin blood.

Do you think this means the squeeze goes higher or burns out quicker?

[CovertM]

Do you think this means the squeeze goes higher or burns out quicker?

Yes, please tell us Oracle!

I'm about to dump the rest if hits $250 again after hours...

[LeeLau]

Do you think this means the squeeze goes higher or burns out quicker?

It gets worse for the shorts. We (the fund I worked for) would "skullfuck" other funds if we found an edge. Next up, Blackrock or some other fund that hasn't yet reported will disclose being the counterparty to Melvin. They will strip Melvins good positions and leave Ch 11 secured creditors holding the bag. It's how it always plays out.

And WSB will have several new millionaires

[CovertM]

It gets worse for the shorts. We (the fund I worked for) would "skullfuck" other funds if we found an edge. Next up, Blackrock or some other fund that hasn't yet reported will disclose being the counterparty to Melvin. They will strip Melvins good positions and leave Ch 11 secured creditors holding the bag. It's how it always plays out.

And WSB will have several new millionaires

So i'm holding?

[LeeLau]

I'm going to have a hard time not taking more off the table if it keeps climbing after hours...

I'm letting my remaining half ride. Maybe sell 1000 covered calls mwahaha

[Brock Landers]

That book value does not tell the whole story does not mean it does not tell part of the story. Is there any single metric that does?



I don't know. I'll be over here with my oil and consumer goods stocks.

No but I do think operating earnings growth is the one metric if I could only pick one.

[CovertM]

I'm letting my remaining half ride. Maybe sell 1000 covered calls mwahaha

If you were a betting man, which you are, more squeeze happening tomorrow? Or are we in the middle of it and the massive spike everyone expects is not a thing? How much are they unwinding right now after hours?

[Brock Landers]

Sold my AMC calls this morning (feb 5 $6) and rolled that profit into feb 12 $7 calls. Up 30% after hours. $$

[LeeLau]

If you were a betting man, which you are, more squeeze happening tomorrow? Or are we in the middle of it and the massive spike everyone expects is not a thing? How much are they unwinding right now after hours?

More squeeze. More blood.

But selling CCs = taking profts.

[Lawless]

Finding it hard to get anything done while constantly watching the GME price. Made more today than I do in a couple of months of working my real job.

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Fixed it for me.

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[CovertM]

More squeeze. More blood.

But selling CCs = taking profts.

Will all of your $200 calls get exercised, or you bought weeklies?

$200 is baby money at this point.

[shroom]

oh shit ima buy now just to get on that elon rocket

i wish he woulda posted some rainbow dicks to bring this full meme

[shroom]

if rogan gets involved i’m fucking all in, malibu mansion baby

[Brock Landers]

Holy shit 225 after hours. You guys are crushing it

[BobMc]

BBBY up 40%+ today. I'd planned to hold it for a while, but if it goes all GME I'm gonna sell.

[CovertM]

Holy shit 225 after hours. You guys are crushing it

It tickled $250 and my hands started grasping for the sell button. Lee pulled me back, can't jump off the train and turn into a spectator yet.

[Brock Landers]

It’s now a $10billion company? Wtf. All of a sudden it’s worth $10 billion.

Obviously I’m not shorting it but I could sprinkle a put option here or there. Even written at like 60 would have some leverage to it.

[Lawless]

It’s now a $10billion company? Wtf. All of a sudden it’s worth $10 billion.

Obviously I’m not shorting it but I could sprinkle a put option here or there. Even written at like 60 would have some leverage to it.

The company's not worth it, but the shares are. Similar to bitcoin, just more legit.

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[CovertM]

The company's not worth it, but the shares are. Similar to bitcoin, just more legit.

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LOL