Originally Posted by DaFace:
I barely understand it, but it's kind of an indicator of how bizarre the stock market is right now.
Basically Robinhood and Reddit investors. Taking on the bears. Organizing and colluding on stocks. Sounds like AMC is the run tomorrow. If anyone wants to gamble. [Reply]
Originally Posted by Nirvana58:
Basically Robinhood and Reddit investors. Taking on the bears. Organizing and colluding on stocks. Sounds like AMC is the run tomorrow. If anyone wants to gamble.
Originally Posted by DaFace:
I barely understand it, but it's kind of an indicator of how bizarre the stock market is right now.
It’s mostly options I think. I just tune in for the memes. :-)
Basically GameStop is done. Ish. So it’s mostly shorting. Probably on low volume. So a bunch of YOLO fuckers on Reddit keep buying calls and making it go up.
And it’s working (this is where I’m guessing low volume comes in). So much so Cramer keeps talking about it.
Here’s not a bad breakdown. What it understates is that the redditors are “trolling” with real money. Which I’d argue isn’t trolling.
Originally Posted by Halfcan:
There were 4 people at the entire AMC theatre tonight.
They are losing their ass right now.
It's not about being an actual good company or Financials. It is more of a stick it to the man. To all the People who short stocks. That is why Gamestop is trading at 200. [Reply]
Originally Posted by Nirvana58:
It's not about being an actual good company or Financials. It is more of a stick it to the man. To all the People who short stocks. That is why Gamestop is trading at 200.
My understanding is that it's mostly a middle finger to Citron, who shorts stocks then puts out bad press to artificially drive the price down. Kind of hilarious, really. [Reply]
Originally Posted by Nirvana58:
Basically Robinhood and Reddit investors. Taking on the bears. Organizing and colluding on stocks. Sounds like AMC is the run tomorrow. If anyone wants to gamble.
It was kind of a GoFundMe for Gamestop, I think. People have good memories of it and are buying nostalgia.
Maybe it's time to short sell it. That would be rather ironic. [Reply]