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🚀 Is the Gamestop Short Squeeze Over? 🚀
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- Опубликовано: 14 авг 2024
- To be honest, I’m pretty sick of hearing about Gamestop non-stop for the past week, but I am in this trade and I know a lot of other people are, so I thought I’d make a video breaking down what happened this past week and how this squeeze may eventually come to an end.
Remember: shorts aren’t contracts that expire. They may get margin called by their broker forcing them to liquidate other positions, close their shorts, or add more funds to their account. They don't expire. Options contracts expire and those have an effect on this squeeze, but that is not shorting the stock.
🚀 If you are in this position, please be careful. I wish you all the tendies your heart desires. 🚀
To see high short interest stocks, check out:
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DISCLAIMER: Nothing in this video should be construed as financial advice. I am not a financial professional. This video is merely for informational purposes. I currently hold Gamestop shares as of 01/30/21.
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0:00 Intro
0:45 Let’s Get Caught Up
1:20 Brokerage Issues
6:20 Has the Squeeze Squoze?
9:02 Corporate Announcement?
9:53 Too Much Noise
11:10 Should You Buy or Sell?
#gamestop #shortsqueeze
don't forget to enable diamond hands by scrolling up and hitting the thumbs up button on this video! 🙌💎
The thumbs up button only turned my thumb into a diamond. Good thing sell is not in my vocabulary
@@HarrisonHuber There should always be an exit plan.
Nice definitely will!
I only have one boat, hopefully by holding one day I can get a 2nd
You’re an absolute angel, Daniel. 💎✊🏼
I know this GameStop stuff is funny, but you have to remember this is hurting real people who own multiple boats.
😆
😭
*yacht
So you're saying I should hold?
average joes
I can’t hear well, so just buy and hold?
Hell yeah lets go elite, the only og that doesn't cheat.
Fuckn hollldddd 💎🙌
I LIKE THIS STOCK!
Mostly yes. Long term hold may be good possible move for GameStoip, and depends on personal goals. Hold most, but possible release sell to secure profit, but trying to buy back in at low price may be hard for retail buyers..
At this point you might as well and hope for the feedback loop to start. You can tell they are panicking due to all the misinformation. If the hedge funds were already out the media would not waste their time on this. They are short ladder attacking and trying to coordinate it with a media campaign to free up volume by getting people to sell their shares. The big question is- what are you going to do when the nuke goes off?
Shorts are still 113%. Let's squeeze the shit out of them folks!
121% on market watch.
@@LouieGrind Well...even better! See you on the moon
How much margin they need to cover their calls?
Your information is outdated
@@LouieGrind Can you please explain how we can see what are the Outstanding Shorts??? Thanks!!! Link appreciated if possible.
I was skeptical about the increase in GME price, then I found out this was being shorted AF and I hopped on. F those hedge funds.
F those hedge funds
I actually bought 10 of the 3/15 $40 puts because eventually, the price will come back down to earth and I would profit on the way down if you bought at good price and rode the wave up like I did.
130% that's no joke considering there's only 100% profitability on short, this hedge funds are ridiculous 😁
F those hedge funds.
The thing is the potential of how high this stock can go. Be hard for people to buy a share at 600-700 etc. May flatten out.
NO BECAUSE WE LIKE THE STOCK 🚀🚀🚀💎💎💎🙌🙌🙌
get this comment to the moon! I LIKE THE STOCK $GME
💎🙌💎
If he's still in, I'm still in
💎
🙌
I'm not even watching, i'm just here to say: HOLD IT!!!🚀🚀🚀
Get ready for the longest week of our lives, Time slows down when you're in space
LOL -- Interesting points. -- What can the new owners of GameStop possibly do to help revive new dynamic profitability? What can be done to help long term quality of GameStop?
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me-learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received my first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most, you can contact him on his email
(elvishercules48@gmail.com)
@@peterpengq7248 Dude putting in a random guys email on making big money is super sus. Although you're likely be a bot, so this comment probably means nothing to you.
In space, no one can hear Hedge Funds scream
You explained Robinhoods situation better than its CEO
Yes, but “better than.”
Typical wsb tard lol.. Can't spell than ;)
Vladimir Poopin(mymouth)
If Vlad would have explained it like that, he would have been just fine. Unfortunately he exposed himself to the world as a complete moron. 🤷
And there lies the core of the problem, they should of just came out and say, we can’t afford to help you buy GameStop
It's only just begun!
Nah when the meme dies it goes sub 100 again and people that were retarded and bought more than 1 stock will get burned
@@RAAZR- and where do all the shorts go? disappear into thin air?
@@richardcullinan8552 the smart people short once the dump happens
@@RAAZR- what are you even talking about. do some research on this topic and come back
@@richardcullinan8552 you seem clueless must be your first week in this. Good luck and keep watching videos to learn
In my view, all the money I got in GME stock is not my money, it's just a number on a screen that represents a giant middle finger to wallstreet.
Nice lol
bought my first 4 shares in gme (and first stock ever) just because this. don't care if i lose it all. just doing my part =)
@@meeee32156 where can we buy gme stock rn
@@Katie-xd1nt I went e trade. Gme dropped hard today. From like 220 yesterday to like 90. Could keep dropping so be careful :) but ya, I'm holding till its zero
@@meeee32156 How do you like e-trade I was thinking about opening an account with them?
Can't wait to see SpaceX print "GameStonk!" on its next rocket or Falcon9 mission!
@Daniel Inskeep Kentucky boy huh?
This man's story telling is underrated.
thanks, will :)
Yeah, he’s at the level of 700K subs
I was gonna like this post, but I noticed you were at 69 likes so here's a comment saying I like this post
@@mortgageguy Hahahaha
The squeeze ain’t been sqooze yet boys
💎👐🚀🌙
DIAMOND hands to the moon BABY!! ! 🖑🖐💎🚀🚀
"It's not about the money, it's about... making a statement."
Everything burns.
If we screw up we burn and go hungry.. If they screw up.. bailout.. Still sit in their huge mansions.. And I still can't go to the doctor when my ass is raw without being ripped off there too.
How about doing both? ---- What can the new owners of GameStop possibly do to help revive new dynamic profitability? What can be done to help long term quality of GameStop? Can new tech, new business model and new offerings create new value lines to GameStop? Wild Space Moon Ideas: On Line Sales, Live Shows / Demos at Physical Stores, Improve Customer Service, Partnership With Game Developers, Future Game Tech Development; Game Modding Classes; Prime Customer Services; New Virtual Reality Offerings; Others? --- What do you think?
@@kekfreedomheritage5633 I think /wallstreetbets members call themselves retards and degenerates for good reason, most of them probably lack the time, energy or will to make "smart" long term decisions. What they CAN do, is form an angry mob to buy a rubbish stock for no other reason than that it hurts the giant hedge fund crooks. And it might even make them some money. As they put it, "We can stay retarded longer than they can stay solvent." Diamond hands, bois.
It's really about both though, unless you love torching money.
This is the longest weekend of my life and Saturday isn't even over
Oh my god... same here! 💎🙌🏻 and looking forward to buying more no matter the price on Monday. Fuck those pieces of shit!
@@raphaeljacovani4540 do you think ot will go up mate
@@kifahosman4647 not financial advice; but just my ignorant opinion. Do your own research but unless government/SEC interferes illegally (plain corruption), it’s gonna keep going up for days. We’re not selling and there’s just way too many shorts. Massive short squeeze is inevitable + it takes days for them to cover all their short bets, even if they wanted to cover them all on Monday.
@@raphaeljacovani4540 Hey man some advice: Do not answer questions on this right now. No matter the platform. These accounts are 90% bots used to fuck you over. If you do answer anything, make 100% sure to say that it's not advice!
@@zyncra3965 If he comes back with a thank you and a follow up then we'll know he ain't no bot. 💎🙌🏻 🚀🚀🚀🚀🚀
For once there's something more to talk about besides the pandemic.
And something positive
Or politics!!!!
@@joridavis6893 At this point, I thought it was the same thing... :(
@@LeSyd1984 I guess your right huh as unfortunately the 2 Collided.
Lol facts
This is one of the few things in life that has made me want Monday come as fast as possible.
So far my favorite quotes:
"We can stay retarded longer than you can remain solvent."
"Dear billionaires: You will own nothing and be happy."
DFV - "What's an exit strategy?"
"This is not investment advice - the people on this reddit brag about losses and eat crayons for crying out loud."
I hope people very soon realize that the second quote is a counterquote towards the WEF, which literally said that WE will own NOTHING and be happy about it by 2030
“We like the stock”
“Hold to the moon” 🚀 🚀 🚀
👏👏👏👏Love your comment ! 👍
This event is an excellent example of ‘PEOPLE POWER’! 😀
the memes have been great lately but i really miss all the loss porn
Newsflash - money isn’t real!
No one likes money except prostitutes- they can’t seem to get enough of it.
I just really like the stock.
Shaha
I think this aspect is underestimated in this tale. Lots of people who are not into stocks at least know what GameStop is, what it does, and even have a relationship in that they've interacted with the company. That makes them a lot more comfortable in buying it.
Did you see the story about the mom who bought her kid GME in Dec 2019 for Kwanzaa because it was dirt cheap at the time, and she wanted to get him engaged in learning about investing by buying into his fave store.
They cashed out their $60 investment for $3200 last week.
You made me start photography and now you making me trading stocks... See you on the moon.
Well said. all other are distractions. GME is still 100+% shorted, if your looking for another GME , it's still GME. I LIKE THE STOCK. do your own research, but for me I LIKE THE STOCK.
WE LIKE THE STOCK
I’m diamond handing but that dip on Thursday was nerve racking. I’m gonna cover my initial investment this week and hold from there.
@Vanesa Moncada who cares lol, finances is about responsible management not rebelling against *the man*
@@mikeg8343 Yup Yup, We make them hurt but we can fight back longer if everyone gets set and then doubles back, this is the war we win so we can compete in the market freely
@@michaelrichards4332 sure there’s going to be a large handful of suckers at the end of this anyways, all for screwing big money though ! 💎 🖐
Didn't you all hear : only 16% of stock is retail investors like us ! The rest are institutions and they will start selling heavily next 2 weeks , so your HODL will come important after weeks, but now the price will fall below 100 ... sorry .
Meanwhile look at the other stocks that fall and are cheap, that is half of the game now.
So... buying more $GME with these diamond hands, got it 🚀
This is the way.
or you will lose all when everybody leaves to BTC
@@laprofekaren Nobody cares about bitcoin rn.
@@letsmakegadgets6899 Minercaft man with 20 subscribers thinks he knows what's up with crypto lol
@@KillaKiwie It's pretty stupid to assume someone's profile picture determines how much they analyse lol.
My simple litmus test to determine if a squeeze if over; ***If I don't buy, it will continue to shoot upward to the moon. ***If I do buy, it will tank right afterwards 👍
That seems to be how it goes
100% truth
Yeah. I'm not messing with it. Think what's happening is great, but I usually lose on these deals
have some confidence in yourself
@@jeccdog7584 I get the feeling. It's not confidence. I do fine in normal market, but whenever I get into one of these situations and hop in, I usually lose half. I'd rather look at charts, do my due diligence and make stable gains.
I doubt Gamestop’s gonna issue new shares. Here’s why :
1) GME Executives are gonna make a ton of money from selling their shares (11% of real shares are owned by GME insiders).
2) GME Executives’ bonuses are proportional to the company’s stock performance. They’re not gonna get bonuses if the price remains too high for too long because then it hits a ceiling and can’t go up.
3) Even if they issue new stock, it will never be enough to cover the 250% short positions of hedge funds.
I was able to still operate on Vanguard, they UI is very boomer-ish but they never folded
I use Vanguard too. No partial shares allowed but that really has no effect on me. Partial share ability is overrated.
@TaketheK I N G D O M you can fractional share on Fidelity
The world has become so much clearer through this whole experience. Do some DD about the HFs involved in this and you might have a new opinion. Truth does not belong to the one(s) who shout the loudest.
I'm out here on HL
@TaketheK I N G D O M Sounds like the early millennial generation. All fluff, no tuff lol
your videos are informative & broken down so well even for a novice, thank you !! 💫
He is definitely knowledgeable.
If u want to transfer out of RH, do that when the squeeze has sqouze. Also, most brokerages will cover your transfer fees. However, it has to be a fairly significant amt of money i.e. at least a couple thousand dollars in shares.
squoze lol
The short interest still over >100%, so the short squeeze still can be done when you buy to force short sellers to cover their position...it gonna boost up
Playing with house money. Literally, house money, want to buy a house lolol
said the guy with an insane looking kitchen
luckily bought my house with SPWR money. Left over gains riding in GME now. 🚀🚀🚀🚀🚀
@@jdbs17 Glad to hear that! You produce great content. I wish you even greater success! In the meantime: HOLD!!!! 🚀🚀🚀🚀🚀🚀🙌💎
It’s crazy a RUclipsr covers this so more rationally and honestly than CNBC and a lot more of mainstream media. Really enjoy your channel. Keep it up.
The volatility of Gamestop looks like it's playing a toll on your sanity. Because you're using house money, I hope it soars and opens a lot of new doors for you and Rachel.
SEE YOU ON THE MOON
Daniel, thank you so much for taking the time to make a video despite having a crazy week. I’m not even an investor, I just find this whole situation fascinating and I appreciate your take on this.
Looking forward to your next one! ✌🏻
Who else waiting for the movie to come out on this "Coming Soon... GAMESTONK!'
After the Big Short - I personally would call the movie the Big Squeeze
@@HansBrodiAutomotive But Gamestonk just has that meme presence ya know? lmao
@@AdamJBell
Gamestonk - Power To the Traders
"To the Moon and Beyond"
💎
🙌
Coming to an AMC theater near you
@@FriskyDingo1983 don't forget your 🍿!
Good run down. I think that most important part of that video is that retail only owns about 15% of all the shares. If the big investors portfolios get to GME heavy they might bail leaving retail with the bag. On the other hand if retail are the only ones actually selling and this does go off the short squeeze could be epic for retail. Its all about volume and end of last week there wasn't much so it seems the big players still want us to ramp this up. We'll see next week.
Note that many institutional investors are locked into their positions long-term and do not sell unless directed to by account holder/upper management.
IT AIN"T OVER UNTIL WE SELL. BUT DIAMOND HANDS NEVER SELL. What's an exit strategy? Never heard of it
Every bitcoin investor right now is just smiling at the price of bitcoin as it held strong and indeed valuable enough to generating good ROI. More persons are gonna become millionaires and we have bitcoin thanks for that
I agree on your opinion man generally I always look out for it to dump so I can purchase some more, I believe it has come to stay
What's really the idea behind this bitcoin investment anyway, cause all I do is to buy when it falls and sell when it goes high
James is obviously the best, I invested $3000 and he made profit of $28,000 for me just in 15days
@Christopher Harrison the real deal is connect yourself to an expert like James Corrado and invest in bitcoin trading rather than gold
I lost about $4000 to a scammer before I was linked to James and believe me he helped me recover the $4k and made an extra $7000 in the space of a week and 4days
How perfect for your channel during your growing period. Genuinely happy for ya, man. Great info as well!
win/win/win! thank you 🙏🏻
dude you are the man. seriously, your ability to explain things in a way that makes sense is not only entertaining but suuuuper informative. Thanks for making these videos! You got yourself a new subscriber! Thanks again :)
HOLD GUYS WE WONT LET THEM WIN 🚀🚀TO THE MOON
$GME $AMC $NOK $SNDL $DOGE
Too many distractions man, sorry but not sorry. Which stock is 100% shortrd? None but GME.
Need all fire on GME, spreading out to others whose short interest is less than half that of GME makes no sense
I’m holding over 30k in all these ride or die baby 🚀🚀🚀🤷🏼♂️
@@88bananapeels this is the way
CLVS might be next
It's unlimited money as long hedge fund or short sellers still pilling to short GameStonk share, u have a gold mine to keep prices high
Great observations! AMC is simply trying to profit from a short squeeze. Companies like Tesla, Apple, Square and Lemonade are more likely to grow faster with far more stability. I am ultra conservative and only hold Apple and Tesla but the AMC push may give me a few bucks to backflip into my prime holdings.
Hold the line bois! I don't even care if I lose money on my shares, it's class warfare now.
💎🖐🏻
Hold the line!! 🚀🚀🚀
Your voice is very soothing to listen to
Best video I’ve watched on this gme madness, quality. Also, shoutout Bruce and his live streams, love them
Finally, an explanation that makes sense....specifically the part about total volume of shares available and potential government response.
looking forward to Mondays gamma squeeze - 550 EASY!
We just need to remember that the hedge funds might manage to last longer than expected. IF THAT HAPPENES, DO NOT SELL AND HOLD THE LINE.
DIAMOND HANDS WILL OUTLAST ANY HEDGE FUND IN THE WORLD!!!!!
10k is not a meme DIAMOND HANDS BABY !!!! 🖑🖐💎
It going to start jumping Friday/monday
@@raeanderson8059 you mean in 5 or 8 days? How so?
@@simpleinverso8628 I already acknowledged that i might to have to hold until like march.. lets see how long these suits can keep paying their interest rates and then again when their shorts positions expire, its difficult to find hard data on that.. GME and AMC to the moon! 🚀🚀🚀🚀🚀🚀
They didn’t exit their shorts. Look up on Finviz or any other data entry and close for stock markets you can look up his name or GME. None of them has any relation to hedge funds. Unless it’s a practice if they were to close out.
That and if they exited their shorts and the HFs were in the clear the news would be off to the next talking point. The fact they are dredging this up in a coordinated media blitz indicates they are scared and are trying to bluff. I mean, why would they bother trying to dupe people into Silver unless it was a distraction? Its funny in a way, they want to scare you out of the stock but cant overplay their hands and let people know WHY they want you out of the stock.
Can you make a video on AMC and what you think about other stocks being short squeezed?
He already addressed in this video that other shorted stocks aren't above 100% and are just distractions from GME. Maybe he has more opinion than that, but if he considers them a "distraction", what more is there left to say?
Last I heard amc is 56% short(2nd highest) which may or may not able to achieve the same thing as gme, I agree it's a distraction for now.
Bro. Thank you for your calm clarity. I understood what was going on, but you cleared up some deeper aspects of the funk and you did it without resorting to *insert meme of screaming, chest-thumping person here*. As a novice trader (very very novice) you definitely earned my subscription.
Is it just me but I really appreciate your calming voice! I just feel more at ease whereas many RUclipsrs today talk super fast and way too much shouting lol... but overall great video! (:
i put in the limit sell order at $1000 then canceled it lol
I heard a tip from someone to sell at 69420, but then again I'm not a finance specialist so I have no idea. Would be cool, tho?
Sell button means less 🍌🍌🍌
Is this actually possible? I’m no expert but hedge funds probably arnt going to cover their shorts at once which would raise GME to $1000. What prevents them from buying little shares everyday which would keep the share price almost constant as to not send the price skyrocketing to $1000? Considering that GME has big dips everyday and is very volatile this would seem logical right? I don’t know anything, I’m just curious.
@@playbutton657 Good point! But Hedge Funds shorts are literally losing millions on interest % per day, in fact, this is what is liquidating them every day. Hedge funds are banking on the hype dying down to buy back in within the next week are so. I reckon the short squeeze will be glorious but no clue what price we will hit, could be $1000?
Ah yes, a free market unless the rich are losing
Welcome to Wall Street
Welcome to America
How dare the peasants buy stocks
My biggest concern is seeing people that might be throwing around outdated numbers regarding the number of shares sold short, thus screwing the perception of the short squeeze.
New sub by the way. Good shit.
agreed - i think most numbers are delayed.
So, good explanation, I also agree the big player for the short may be out... but only of their original bet. I'm sure they have another one in play.... I appreciate the transparency that the fact you are very much not telling people to YOLO this. Congrats on the profit. See you in the market.
9:00 so basically it will kill Hedge fund. Or revive the GameStop.
I am good in both of that decision
It’s like a never ending ladder of shorting a ridiculous price, and counterpunching long
Best channel on RUclips hands down. Thanks for explaining complicated issues in such simple terms. Even the boomers in my life can follow along.
The answer i think is no, because all of us really like the stock, right?
Or was there another reason?
Got 1 gme at about 370. Im just here to say Im here
Diamond Hands now
I also got 25 AMC at 14. Im a smooth brain tard and this is my first time investing but fuck it we gonna try and get some wrinkles even if that mean flushing this cash lol
I missed out on GME when their stock was low but I had a feeling they would bought the stock so for much for it to rise.
Stock costs too much now. Should I just buy 1 share of stock for $300+ and call it a day?
Ya $amc won’t be like $gme, but it’ll be fuckin close 🔥🔥🔥🔥🔥🚀
i wish you nothing but a big basket full of tendies
Yesssir
Amc is for the folk that didn't have as deep pockets, and if shorts have pulled out of GME then AMC will be the next target.
AMC isnt shorted that hard, but last figures i saw said it was shorted around 60% as well, whereas 20% is already considered f-in high.. got positions in both. AMC and GME to the moon!🚀🚀
Is it still worth buying in at this point? I am working on setting up my Robinhood so.... 😜
Dude, your sweater is fire!
Blackberry is undervalued, they make AI for cars also just partnered with Baidu, and are being shorted
Imma be honest: I'm glad that eToro disabled the opening of short positions on $GME about a week ago or so, because before knowing the context of this peasant revolt I wanted to open up a short on $GME when it was about 65$ a share. Thank god I didn't do that, instead I opened up a long position. Right now my broke ass holds about 2.5 $GME shares and closely watching this clown fiesta unfold.
You deadass would’ve gone bankrupt. That’s crazy
Also own 2.5 shares. Let’s see how much they’ll get us
@@swagman837 Im 18 and don't really know how stock works. Could you explain it to me like I'm a toddler on how he woulda gone bankrupt?
@@biohazard4371 He wanted to bet the price would go down, but the price went up, actually it actually went up so much, that not only would he lose all his money, he would lose his kids, his house, his wife and his wife's boyfriend.
Wait are you telling me you wanted to go short, but couldn't, so you went long instead?
Big brain shit right there
3:44 Just a technicality, this is what Investopedia says "buying on margin" is:
_Buying on margin is the act of borrowing money to buy securities. The practice includes buying an asset where the buyer pays only a percentage of the asset's value and borrows the rest from the bank or broker._
It's not really waiting for your funds to clear from your bank, and borrowing to buy stocks until that happens. It's borrowing based on how much equity your account has. Typically a broker won't let you buy anything until there are funds in your account.
Buying on margin typically happens with regularity once your account is already funded, not as a one-time function that happens once while you initially set up your account.
right, so this is an example for the RH crowd. if you have a cash account, say goodbye to "instant deposits." this is one way RH implements margin.
@@DanielInskeep Gotcha..
Great breakdown that cuts through all the noise and clears up what's been going on. Also nice that you shouted out Bruce! He has been great during this wild ride.
Lol I wanted to buy it in January as a joke, but then didn't for some reasons?? I don't really know why though... Finally took the plunge and bought some but my avg price is 300$... Not great, but making myself feel better knowing I'm pissing off a billionaire in his comfy office 🤷🏻♀️
AMC HOLD. People from all over the world bought shares to support this movement. Webull is back to completely open trade
Thank you. You have given me more information that I was having a hard time trying to get.
You are awesome and in the flow. found you. member et al.
Don’t buy right when the stock opens that’s dumb wait at least 30 minutes
Man when you said you're up at 3am with anxiety that shit is no joke
One of the things that concerned me was the differences between Ortex and S3's data. On Thursday Ortex reported a 80% short interest float while S3 still reported 113% short interest float. Now today S3 just reported that the short interest float drastically dropped to around 50% as well. Does this mean a lot of funds used the opportunity to close out and the squeeze is gonna happen any day now? Or is there some unreliability between the data?
What i am seeing is retailers are pushing it up and hendgefunds are selling at every peak and then retailers lift them back up and then Hedge fund repeats. But even then shorters are burning through money on their interest payments.
It's has even begun 80% more people coming watch Thursday after everyone's holds are up and they can buy one stock even with your restrictions line is going to rise and we're holding ti the moon
🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀🌙
Thank you for being thorough.
11:52 say goodbye to the in ground pool 🤣
You got my subscription
lol im also buying a house... so far my trading has not been so great lol i did well on tesla and AMD but as i am new i dint put like 10K in them and i sold them around the covid times still have 3k profits but could have been 5.. im just trying to learn haha,
I think if Robinhood allows it to be bought again, it will continue, otherwise I don’t think so!
If they dont allow it they are done for everyone wants to sue them 💀💀💀
You can buy GME again but limited to 5 shares
@@flawedworld4373 I agree
@@admquinn didn’t know that, still people aren’t happy with that either
@@admquinn not true. Robin hood won't let you buy 1 share if you already have more than 1 share
Where’s AMC gang at? 💎🙌🏻. 🚀🚀🚀🚀🚀🚀🚀🚀🚀
HURR DURR MOON BABY
Ready for launch 🚀🚀🚀
I sold mine and make about 5k. Thank you all who bought the stock
glad you made money!
What is the best platform for buying & selling stocks for Canadians? They all seem to have terrible reviews due to market & trade delays.
And don’t forget the currency differences and taxes figured in to it all...I’m told.
Wealthsimple has free Canadian trading and never stopped, only slight delays due to volume, but zero restrictions. Only issue is that it’s super expensive to do American stocks, you pay a 1.5% premium when you buy, and another when you sell (as they basically convert your money to USD, but the stock, then convert the stock into CAD and then the reverse when you sell)
@@dmate9889 Dang, good to know. Is there better options for us Canadians who want to invest some cash in AMC / GME / BB right now?
Well, it depends on the stocks you're purchasing. If they're Canadian stocks or on the TSX, Wealthsimple is the best bet due to no commission fees and imo it has the most user-friendly UI out of all the exchanges in Canada. Now if you're interested in buying GME (which I imagine you are since you're watching this video), you want to go with an exchange that allows you to hold USD. Wealthsimple doesn't do that since you can only hold CAD, and buy only using CAD and forced to pay a 1.5% conversion fee. And when you sell, you can only get CAD back which forces you to pay another 1.5% conversion fee. Also, another issue with Wealthsimple is that there is a 15-minute market delay, which is very bad, especially for a stock as volatile as GME. Most brokers had some limitations, but overall Questrade would probably be your best bet. The stock trading fees are the lowest out of all the top banks, and you can hold USD, so you don't risk losing on the conversion fee twise. I haven't had issues using Questrade but their main caveat is their customer service, which isn't the best. But if you're worried about service outages, it seemed like Questrade faired the best out of all the major banks. I wouldn't invest GME in a TFSA since you can risk wiping out your contribution room so I would just open a USD margin account. Hope that helps :)
@@abrararifify Appreciate you taking the time to explain this, thank you!
NOPE THEY STILL HAVE over 100% shorted in.
GAME STONK
DIAMOND HANDS UNITE
I burst out laughing when you said "the f'ing dip".
It's those fucking shorts manipulating the price down so they can try to scare us into buying back,
and nobody did, because it's all other long hedge funds with diamond hands they are giving them
the middle finger xD
,make no mistake they're doing is so they can make money, but it's hilarious to see them taking "our
side" and riding the hype.
And of course nobody sold.
In fact more people bought xD
The best part about it is they put so much money into scaring us that they ran out of buying power at 100
and had to stock xD
And they're burning money (and buying power) in fees like commisions, short interest rates and
brokerage fees, maybe even rent. xD
And more people are buying Monday xD
Who did they buy from if nobody sold?
"And of course nobody sold.
In fact more people bought xD"
Not sure if you're aware, but a South Korea hedge fund sold 3.3 million shares on Thursday. Black Rock who owned ~11-13 million shares sold over 2 million+ shares last week. I'm not saying it won't go up due to buying demand, but the "Long" hedge fund has been unloading their shares into each spike. Just be careful!
@@ricelova89 Yeah I'm aware of the massive long hedge funds in play.
They scare me to be honest, yeah somebody sold... But somebody is not everbody.
Black Rock sold 13 million? That's a huge portion of the volume?
I would have expected it to stay down if it was a normal sell off...
But that's tinfoil hat mode.
@@zdenekvalek1538 they sold to each other to try to scare holders
Diamond hands enabled 💎🙌🏼
I grew up with waiting in line for midnight video game releases and seeing Star Wars on the big screen with buttery hands! I like the stocks.
That's interesting. Individual investors only own 16% of GME. Institutions and Mutual Funds own the rest. Plus GME can issue more shares (and they should). So the really power is resting on the institutions / MF.
The only other stock that has enough backing to squeeze alongside GME is AMC. Please ignore other people trying to pull you aboard their sinking ships. They have nothing to gain from you, they just want to break even and cash out, leaving you holding the bag.
P.S. HODL!
Glad I found this channel, to help make sense of this situation and also beyond.
I have watched a lot of videos covering this and you have provided the best I have seen. Everything explained articulately and rationally, and I completely agree on the other stocks being distractions. Nothing compares to GME even a little bit. Keep these up and I look forward to seeing what the future holds for us!
LET'S GO AMC!
wrong stonk
AMC to 30
@@DanielInskeep Nope. It is the right stock. At around 10 it's hardly no risk and huge 3x, 5x,10x return once this weeks squeeze happens
Mark my words, a couple years and then we get a movie called "The Big Short: the Sequel" 😂
"The BIG Squeeze" would be a better fit 💎🙌💎 HOLD
The Wolf of Wall Street Bets sequel to Wolf of Wall Street
The Big Short: The Squeezening
@@notachannel2412 lmao I like that one the best so far
I bought at $350.. 🤦♂️
I found some Bitcoin I had in 2016, jus some change 250 dollar worth now... thinking to sell n invest in GME again
Just remember: The Vast Majority of short squeezes end with the stock crashing. The squeeze of VW in Oct 2008 started with the stock zooming to $400 from $200 in a month, crash back to $200 over 5 days, then explode to $1,000 in 2 days, plunge back to $250 in a month, and ultimately grinding back to $60 in 2010. (I think VW briefly became the most valuable company in the World, as it's squeeze happened right in the middle of the 2008 market crash) It's hard to spot & time a squeeze, but once it happens, the stock crashing back to Earth is almost inevitable. Keep an eye on wildly OTM GME puts if you missed the upside... GME WILL NOT be worth the $50 - $100 billion it's squeeze may push it to.
Thanks we know
@@BostonBlues "we"? Yeah...
This is true. If the Squeeze hits then its going be be a feeding frenzy for a few days before it all collapses and the stock goes back to its previous value. Its a matter of when people want to cash out early or wait for the price to skyrocket even higher. Wait longer, maybe bigger return? Wait too long, the price collapses and your left holding the bag.
@@ColoradoStreaming The most reliable investment anywhere is betting on a True Bubble bursting. And GME really seems to be in a bubble. THAT being said... *I HOLD GME!* Not a lot, just a little cuz I want to be part of something hilariously awesome! But I *KNOW* this stock is going to bust sooner or later..
@@pauldacus4590 100% GME is a pile of radioactive material sitting on a table. If enough people keep money into it, it goes supercritical and the nuke goes off. If too many people sell, it fizzles out as the Hedge Funds exit. Either way, the price of the stock is going back down to normal in the next Month or so. The bet is on if the nuke goes off and if you can cash out in the mushroom cloud.
"Protecting investors" from making gains against enormous hedge funds that can't take an L 🤔
really well explained
Finally! Was really waiting for an update on this! Diamond hands baby! 💎👋