GME and AMC Reddit Traders getting Slaughtered

Snuskpelle said:
The number of people reading WSB multiplied the last few weeks AFAIK. There will be some winners among them if they exit in time, a fair portion won't as they're probably paralyzed by fear or dumb WSB peer pressure.
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Before this event there were a lot of smart cats on WSB...they were just addicted to high risk options plays...

now that the sub has quadrupled in size in a week most members don’t even know what a fooking derivative is...and the smart ones are diluted into nothingness.

the OGs got in on this while GME was around $30 still and will clean up no matter what. The rest are currently feeling extremely desperate and the denial is almost palpable.
 
bone said:
We're right in the approximate area where, if press reports are to be believed, that Melvin Capital covered their shorts.
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Theres no reason to doubt this yet. If they didnt theres going to be a shitstorm. The real question is did Citadel bail them out or just cover their margin req.
 

This is live nin 2 minutes
All the texts are people saying how much they are down, some big numbers...but the show title is
WSB vs THE SUITS: FIGHTING BACK!!

fighting is also about tactical reteats
 
Breaking news . Brokers restrict short selling , gme, amc and 5 other stocks. Those short will only be allowed to cover/close existing position. What a scam man
 
maxinger said:
You should include silver.

Investors who listened to Reddit - big loser

Hedge fund managers who did counter-trend trading aka kamikaze trading and
failed to manage risk - big loser

day traders who focus on charts and trade with the trend - big winner
price goes up - they earn money
price goes down - they also earn money


History always repeats itself.
And it will happen again and again and again till the end of time or
till Jesus comes again.
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Classic pump&dump disguised as 'Wallstreetbets revenge'.
 
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I am listening to this stream from WSB
He is good at highlighting(pumping)stocks. but no clue on how to manage trades
His audience is in a small panic asking what to do with their underwater positions
He has no solution expect to hold, nothing about stops, money management or hedging strategies
His audience, based on their questions are novices
 
he has been talking about CCIV stock and it has rallied $2 in a half hour

If you daytrade stocks ...he does get his people to flood with buys...worth to follow these 15 minute pops
 
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