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

[vanzandt]

Has Salty thrown in the towel and called it quits?

 

[Saltynuts]

Yo, no vanzandt, I'm still here. Fuking KICKING myself when it got to 120, should have bought back a good bit. But I'm just riding it out at this point. I bought a bunch more long positions in various things to counter-act my GME short, so I'm basically neutral long/short on that trade. Of course if it skyrockets it will still hurt.

 

[Butterfly]

still holding at 181, amazing !!! lol

 

[maxinger]

day chart seems to show that it is in the converging triangle formation.

 

[Butterfly]

holly shit, went to 200 in 5 min and now down to 186 LOL

 

[Saltynuts]

day chart seems to show that it is in the converging triangle formation.

Is that bullish or bearish lol? Pulled up chart didn't see it right off hand, but I'm not a chart guy.

 

[ElCubano]

Is that bullish or bearish lol? Pulled up chart didn't see it right off hand, but I'm not a chart guy.

That's Scarish!

 

[Tavurth]

Have you guys seen this?

https://www.reddit.com/r/path%3D%252Fr%252FGME%252Fcomments%252Fmgucv2%252F

Seems like Citadel has booby-trapped themselves with a bomb, which is likely to go off if they get margin called.

(Basically 97.8% of their assets are rehypothecated)

 

[vanzandt]

What Is Rehypothecation?

Rehypothecation is a practice whereby banks and brokers use, for their own purposes, assets that have been posted as collateral by their clients. Clients who permit rehypothecation of their collateral may be compensated either through a lower cost of borrowing or a rebate on fees. In a typical example of rehypothecation, securities that have been posted with a prime brokerage as collateral by a hedge fund are used by the brokerage to back its own transactions and trades.

 

[SunTrader]

Also too big to jail.