I don't play these stupid stocks, but I have seen the movie.
It hit $151 today and closed at $138.
What's that like 20% to 12%.
Best hedge funds in the world are lucky to make that in a year.
Told ya so.
Back to school you go.
Next.
-vz
GME up over 100%.... what is going on now?
- Thread starter Saltynuts
- Start date
I don't play these stupid stocks, but I have seen the movie.
It hit $151 today and closed at $138.
What's that like 20% to 12%.
Best hedge funds in the world are lucky to make that in a year.
Told ya so.
Back to school you go.
Next.
-vz
GoogTgt, you think like me - smartly. I'm creating a new team. The ONLY people that can be on this team is people who understand pure logic, can sift through and put aside emotion, call bullshiat on dumb BS. Basically the smartest mofos on Elitetrader. The new team is:
Salty's Nuts.
So far only you and I are on it. Honestly you are the only one I've seen thus far that measures up to the standards. Grats man. Let's make some GME bank next week. This gonna be fun!!! I'm looking forward to us posting screen shots showing these plebs how much we've made lol...
LOL, even the ancient Greeks and Romans recognized that infinity was simply a theoretical concept, no basis in reality. But they were well over 2,000 years ago, but here you are, still dumber than they were way back then. You so dumb you troll, so very very dumb....
No room on Salty's Nuts for this dumb dumb lol...
Thanks. I don't expect GME to tank right next week. Many on WSB plan on holding it at least till earnings 3/25 at which point it should hopefully tank as nothing in earnings would justify the current 10B valuation. Even Tesla is going down these days.
Let me introduce you to Robin Hood's infinite margin.
Like HTZ earlier it seems suspiciously overpriced, going from 60 to double for no good reason. It all appears hincky/fishy... I am not going to trade it because I don't understand it. I fully believe it'll eventually get back to 20, but because price is so unpredictable it could go way up before dropping. Daytrading, ok. But I'm not going to swing trade it either way.. . Too much unpredictable risk imo
Salty,
I don't think it's worth the paper it's incorporated on, but that's not the way the game works. It should be, but it's not. You gotta get that through your head.
It's as simple as this, the more people that short the stock, the higher it's going to go. You are fighting computers that do more calculations in a millisecond than 1000 people can do in a lifetime. It's all math bro. There is no room for human logic. And if you throw human emotion in the there, you're definitely gonna get your clock cleaned.
I'm not saying it won't go down, but what I am saying is it will go down when the power players' computers find it optimal. Right now, there's multiple players at war with each other up here at this level. You are only along for the ride. Like one screaming fan in a stadium packed with 100K other screaming fans. On both sides. The teams are the field though, multiple teams in this instance, and they are executing at levels no one person can ever comprehend the complexity of.
In a nut-shell Salty, on a stock like this, you trade what you see on your monitor, not what you feel. Sure, it's not worth $135 but near term a stock's price is a voting machine, its not a scale. Long term it is in fact a scale, but you'll never win consistently fighting a stock like this at this moment in time. You can get lucky, but just be smart enough to recognize the difference between luck and skill.
Class dismissed.
-vz
Thanks VZ. Like I said, I got into shorting small amounts of it just for fun really, did not quite realize how much I has accumulated. Then BAM in way more than doubled. So now I'm here. But I'm not going to cover with like a 27k loss, no way. So here I am. Waiting until its inflated value returns to it intrensic value.
Wait, what in the actual FUK? Why on EARTH would its fair value shoot up like that? This has to be Morningstar just moving their goalposts to match the market madness. What a dumb company....