I don’t know mate.
Only buy what you are happy with losing
I can see a lot of people who got in @ < 100 jumping ship at open and tanking it
No need to rub it in ;-)
The short squeeze on GME will make the VW one look insignificant. You got out way too low.
I hope so mate. Want everyone to do well out of it.
Down to $125 now. Are you loading up with more?
For the record, not investment advice, but anyone buying GME at this point should expect to lose most of it. If you want to mess around trying to flip some, go for it, but this will be back to where it started before not that long.
Looks like collusion between trading platforms and hedge funds at the expense of the small investor. As you say, utterly bent, and enough small investors are now selling to tank the stock allowing the hedge funds to buy it up on the cheap to cover their positions.
Damn there goes my hope of buying the dip on revolut
It's not collusion, it's the fact that all these platforms were/are undercapitalized. The don't have enough equity because raising it would make them less profitable/dilute their shares. In normal markets this is "fine", but in situations like this when their collateral requirements go up exponentially they can either go insolvent or sell their customers down the river (and they chose the latter). No one should use these companies ever.
It's a short ladder attack. The HF's will do whatever they can do minimise their losses and that includes colluding with brokers etc to stop people buying. The short squeeze this week is inevitable as the stock is still shorted over 100%.
