Why did GME drop from 344 to 198 in a few minutes today?

Here4money said:
DFV unloaded is why
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Link the proof, because he didn't post it here...

https://www.reddit.com/user/DeepFuckingValue/

And by the way, why does any trader in GME care about this shit anymore?


He effectively has 150,000 shares total in control, yes?

100,000 shares outright, and 500 options. The fucking stock is trading through 50 million shares a day. Why do we care about this kitten any longer? It's gotten stupid.

He put it all on red, it came up red, then black, then red. He's in profit. He and this whole saga needs to go away. Seriously, it's OLD!

 
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DiceAreCast said:
That latter information has zero bearing on who took profits here and out of what motivation. Conspiracy is by definition unproven but you equally need to prove why there is no conspiring if you claim the opposite. There is a very good chance that multiple entities are banding together, time their trades for maximum impact. I am absolutely certain that you have no proof to the contrary. Hence both our opinions are hunches at best. Though the way those stocks trade lend imho more credibility to my claim than yours.
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Ok Mr. Dice. Why don't you tell me how many shares hit the bid on the way down. Then tell me how many shares hit the offer on the way back up. Oh...you don't have that information, ie. "proof"?

Drop = 600k shares
Pop = 850k shares

They were stops.
 
Overnight said:
Nope, I hear you on this. I understand. And i agree that the company is worth shit. However, as a trade, I am missing many bits. The whole balance sheet thing, because I never traded stocks on the level needed to know the ture valuation of a company.

I would trade a stock on it's perceived value in the future. For example, I would long LOW and HD. I know in my heart of hearts that they are going to have incredible sales of OSLG stuff this year, because of the lockdown bringing pent-up energy for everyone to get out there and beautify their gardens this year.

Like how I felt that AMZN would have their best quarter report ever on their holiday 2020 sales. Which they did, IIRC.

Gamestop is a POS. My heart tells me that there is no life left in the thing, but then I see things like cashflow and debts, and my eyes water. I do not know how that makes a balance sheet. It is not in my head. And I am too old to give a shit about those things.

Is the company going to make profit in the future? From my macro view, I do not see how. They will have to unload all that real-estate, and compete with Steam and PSX and all the other streaming services. How the hell do you turn a failing BNM into a successful stremaer, when you already have a strong competitor, and an online retailer (AMZN) who can sell your collectibles cheaper? Nobody gives a shit about the "personal" experience in a store anymore. They are too caught-up in their phones to care.
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Well said!
 
Overnight said:
Link the proof, because he didn't post it here...

https://www.reddit.com/user/DeepFuckingValue/

And by the way, why does any trader in GME care about this shit anymore?


He effectively has 150,000 shares total in control, yes?

100,000 shares outright, and 500 options. The fucking stock is trading through 50 million shares a day. Why do we care about this kitten any longer? It's gotten stupid.

He put it all on red, it came up red, then black, then red. He's in profit. He and this whole saga needs to go away. Seriously, it's OLD!

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Clicked on that link Overnight, gave me error message. Is it still supposed to be working?
 
Saltynuts said:
Clicked on that link Overnight, gave me error message. Is it still supposed to be working?
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It knows what not to show for traders who are short.:)
upload_2021-3-10_23-19-26.png
 
Hedge funds sell at or near the top their shares and/or call options then, short it immediately, after by buying put options (lots of strike prices and open interest). They do not need to give anyone advance warning. The more the stock tanks, the faster those put options rise in value due to increased volatility and the leverage. I shorted RKT, Wallstreet Bets favorite for just a couple of days using put options and made good monies. Hedge funds with their deep pockets can keep shorting stocks with put options. With the Reddit traders, hedge funds know it is quite easy to make monies. Rinse and repeat.
 
Right, I can't add basic numbers together, it's because I have servants like you who do it for me. So let me ask you back, Mr Dust, what did you prove? You did not even understand my point. But let me confirm I understand yours: you are saying they were stops. What tells you that? Anyone who wants to get filled would have the exact same profile. You proved nothing at all. This among many others is a totally rigged stock moved around by a group of large players. And if the SEC cared at all to investigate then you would hear about exactly what I stated just now in a few months in the WSJ.

Dustin said:
Ok Mr. Dice. Why don't you tell me how many shares hit the bid on the way down. Then tell me how many shares hit the offer on the way back up. Oh...you don't have that information, ie. "proof"?

Drop = 600k shares
Pop = 850k shares

They were stops.
More...
 
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