Looking for this stock to continue to take a beating, as video game sales continue to decline, and as next gen consoles push to eliminate used game sales.

Mike

Moderator Notice EDIT: JANUARY 2021 Thread title changed to expand to all WallStreetBets discussion.

Mike

There is a trader over on Reddit who has been posting his long position in GME since the run up has started. It’s currently at 13.8mm. Crazy! The recent moves in stocks remind me of 99/2000 before the crash.

Robert

Portfolio

Silver Dragon 

There is a trader over on Reddit who has been posting his long position in GME since the run up has started. It’s currently at 13.8mm. Crazy! The recent moves in stocks remind me of 99/2000 before the crash. Robert Portfolio

I was reading about that today too... they say a whole bunch of little retail traders getting together on the same trades to squeeze the big dogs who are short. CNBC says a couple hedge funds are going under because of it. Pretty amazing really... new paradigm???

Blue Eagle 

I was reading about that today too... they say a whole bunch of little retail traders getting together on the same trades to squeeze the big dogs who are short. CNBC says a couple hedge funds are going under because of it. Pretty amazing really... new paradigm???

No.. I think it’s just a phase. Seen it before in 99 and 2007. I don’t think a small group of traders can move the stock from 10 to 160. There has to be big money behind it somewhere. Seems like a pump and dump to me but on a grander scale.

Robert

Quoting 

The rally has been fueled by investors encouraging each other on social media to pile into GameStop shares and options.

new phenomenon, we had seen it playing out before, follow the herd.

cory 

new phenomenon, we had seen it playing out before, follow the herd.

Actually, the "herd" is short GME. This is just a classic squeeze, with a smaller retail herd joining in on the fun.

Squeezes are nothing new; the only thing that has changed is that the massive flood of liquidity from both fiscal and monetary authorities is drowing shorts on a much larger and faster scale than we've ever witnessed.

Still, it's a good reminder of the value of speculator positioning studies in revealing potential risk asymmetries.

Mike, I feel like the individuals driving GME don't use traditional perspectives or research.

Bobstockerson 

Mike, I feel like the individuals driving GME don't use traditional perspectives or research.

They use reddit boards for their analysis and put the heaviest weight on the post with the most rocket emojis.

Sent using the NexusFi mobile app

After reading this you have to wonder if the SEC might investigate if there was any wrong doing.

Buried-in-Reddit-the-Seeds-of-Melvin-Capital-s-Crisis