GME up over 100%.... what is going on now?

[Saltynuts]

lol stock is up 5% and it's "falling."

Jesus fuking christ you are a dipshit. It was up MORE than 5%, now its only up 5%. It therefore FELL. Gawd you are dumb.

 

[destriero]

Jesus fuking christ you are a dipshit. It was up MORE than 5%, now its only up 5%. It therefore FELL. Gawd you are dumb.

Cool story, Bro! Can you explain it in even simpler terms?

 

[Saltynuts]

Don't say that. You are jinxing it. Every time you say it, it goes back up with vengeance. Its like WSB mods are tracking your comments and are out to get you.

LOL, ok. Wouldn't put it past those slimy bastids.

 

[Saltynuts]

Cool story, Bro! Can you explain it in even simpler terms?

Not simple enough for your dumb ass, apparently...

 

[destriero]

Up on GME for the day. wheeeeeee!

 

[vanzandt]

Jesus fuking christ, the reddit dorks are pushing it higher again. Vanzandt, this time I was to short just a wee bit more as it rises, but very slowly. Let me know like you did last time when its a good time/level to get in if you could please. I'll be watching. Is that the $321 level per your post above? Thanks.

Man I really hate to give anything more than generic commentary.
But if I had seen this earlier, I would have said rest an order to catch a spike above $317 with a stop at $325.60, with the intention of closing the new position today regardless of what happens. Do 100 shares, no big deal losing another 800 right(?) if your stop got hit.

It looks like nothing's going to happen now, unless some crazy Friday PM stuff happens here in a few. Which it could on this one. So don't enter that trade now, that would have been what I'd have said before the bell.

As it stands, aside from the spike that level +/- a couple percent is holding up.

Volume today is off by 50% on a 10 day moving average.
Not sure what to make of that.

 

[vanzandt]

Its $270 now.
Short it into the close, its weak af.
Itll drop. Close before 4pm
use $275 stop

 

[Saltynuts]

Man I really hate to give anything more than generic commentary.
But if I had seen this earlier, I would have said rest an order to catch a spike above $317 with a stop at $325.60, with the intention of closing the new position today regardless of what happens. Do 100 shares, no big deal losing another 800 right(?) if your stop got hit.

It looks like nothing's going to happen now, unless some crazy Friday PM stuff happens here in a few. Which it could on this one. So don't enter that trade now, that would have been what I'd have said before the bell.

As it stands, aside from the spike that level +/- a couple percent is holding up.

View attachment 254384

Volume today is off by 50% on a 10 day moving average.
Not sure what to make of that.

Thanks vanzandt. Not doing anything unless you give the all clear. And when I do do something it will be only a few shares, can't expose myself to too much more risk.

 

[vanzandt]

the bottom could fall out

 

[Saltynuts]

Its $270 now.
Short it into the close, its weak af.
Itll drop. Close before 4pm
use $275 stop

Shit, really? Its been up today in the 3% to 7% range for much of the day it looks like.