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Gamestop skyrockets almost 50% in premarket!

Ceiling Cat

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Feb 25, 2009
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Traders don't care about the fundamentals
Speculators don't care about the fundamentals.

So you think you are a trader? Noahhh! Your not a trader, now I am a trader!
 

mitchell76

Well-known member
Aug 10, 2010
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Speculators don't care about the fundamentals.

So you think you are a trader? Noahhh! Your not a trader, now I am a trader!
Well some traders are certainly making money on GME, that's for sure!! I wish I was one of them----LOL

I'm too risk-averse to invest in a stock like GME, but I like to keep track of speculative stocks like GME, just too torture myself.....LMAO
 

mitchell76

Well-known member
Aug 10, 2010
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Gamestop is pure speculation. If you buy a a stock without any reason to think it may go up, that is speculation. I calculate the probabilities and I win more than I lose.
Well I guess this time you lost. In the stock market, "numbers don't lie."
 

Ceiling Cat

Well-known member
Feb 25, 2009
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Well I guess this time you lost. In the stock market, "numbers don't lie."
In this matter I did not lose as I was not interested in putting my hand in the crocodiles mouth to get my next payday.
 

mitchell76

Well-known member
Aug 10, 2010
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In this matter I did not lose as I was not interested in putting my hand in the crocodiles mouth to get my next payday.
Yes, but you didn't win either, as the price of GME more than doubled, in less than a week. Personally I don't believe in technical analysis or fundamentals etc I just believe in a basic buy and hold strategy.

However, I personally envy traders and speculators, who had the guts to buy into GME. As I said upthread, I wasn't one of them!! IMHO, probably a lot of GME traders and speculators, will sell GME tomorrow, as they probably don't want to hold such a speculative and risky stock such as GME over the weekend. As usual, just my opinion!!
 

mitchell76

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Aug 10, 2010
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Keith Gill aka Roaring Kitty aka DeepFuckingValue is now a Billionaire as GameStop stock, $GME, surges past $65 in after-hours trading. If $GME opens at or above $65 tomorrow, his shares will be worth $325 million and options worth $700 million for a combined $1 Billion. If that wasn’t crazy enough, he will be live-streaming it too. That's a $850 million gain in his position, options and shares. $GME short sellers have also lost over $2 Billion today. He went from shorting Billionaires to becoming one himself. Insane.
 

mitchell76

Well-known member
Aug 10, 2010
22,258
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NEW: GameStop stock explodes as 'Roaring Kitty' returns to X in his first post since June 18, 2021. Short sellers have suffered a mark-to-market loss of ~$1 billion as GME is up over 70% today. (CNBC) 'Roaring Kitty' went viral in 2021 for kickstarting the "meme stock frenzy" by waging war on institutional investors who were betting against GameStop. He posted a photo on X last evening with a man leaning forward in his gaming chair, bringing attention back to the meme stock. The video below was Roaring Kitty testifying on GameStop in 2021.
 
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