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https://www.goldmoney.com/research/market-updates/small-traders-squeeze-silver
https://www.youtube.com/watch?t=2979&v=KjLGu7X4a6U&feature=youtu.be
https://www.youtube.com/watch?t=2979&v=KjLGu7X4a6U&feature=youtu.be
Silver action:
https://twitter.com/search?q=%24SLV&src=cashtag_click&f=live
https://twitter.com/hashtag/silversqueeze?src=hashtag_click&f=live
"New Concept Energy was up 1000%."
I saw that yesterday.
Silver being targetted next?
https://twitter.com/hashtag/silversqueeze?src=hashtag_click&f=live
Bonker,
Who did you buy through, if you don't mind my asking?
https://twitter.com/hashtag/silversqueeze?src=hashtag_click&f=live
Gamestop had 120% of its stock shorted.
PMO is nowhere near that level, but who knows!
Someone's making serious money from it:
https://www.marketwatch.com/story/gamestop-shareholder-sells-off-stake-valued-at-over-1-billion-11611855951?mod=mw_latestnews
Gusher, are you recommending to buy GME?
Of course it's a rigged game - always has been.
It's interesting to see it play out.
I doubt today will be the last of it, but all of the 4 stocks targetted by the mob yesterday are currently down 30%+.
If I've missed any pertinent facts, please do illuminate us!
GME down 60% currently from $350 to $132 now!
Over on Reddit it looks like many are getting their first lesson in market dynamics!
"****, everything I touch goes to ****"
"i'm not selling. been down more than this on a day before"
"I feel down man. Twitter is full of people trying to sell. Are we done for?"
"Class-action anyone?"
"Buy the F'ng Dip. This is WARR!!!!"
Great trading on oil today. Caught the spike up and got it again on the way down!
Certainly could be the start of a global phenomenon.
I wonder how many professional traders are lining up their shorts ready for the inevitable cliff-edge drop awaiting these uber-ramped companies.
Kinda ironic, really!
GME opened 35% down, but has bounced - this is the hot potato, clearly.
AMC now 40% down from yesterday.
NOK down over 40% since its peak yesterday.
Not looking great for them is it?!
Mr Sharky is waiting at the bottom of the pond!!
Gusher,
Are you part of the WSB lot? You sound like it!
https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page
Maybe Gusher80 thinks the author of the above is also 'missing the point'. No Latin in the article, thankfully!
Looks like GME is up another 25% pre-market.
Was up to $500 earlier!
https://www.marketwatch.com/investing/stock/gme
Daave,
I looked at Reddit, but it's hard to find anything specific - so many threads and posts.
Do you have a link to the page of targets? Thanks.
Agree GME just as likely to continue going up more before the inevitable pull back. Although I thought I heard a lot of brokers are preventing new positions from being opened? Messages were popping up on IG yesterday about this, but I wasn't paying attention.
Indeed Bob, PMO down most likely just with the rest of the market, and oil. Although oil looking like it might be bouncing off the bottom of the uptrend channel again - will depend on markets overall as to whether it can sustain it.
Dodger,
I believe one or two hedge funds have lost billions yesterday by having to close out short positions by buying stock back, also pushing the price of Gamestop up further (the short squeeze!). I'm as happy as anyone to see them taking a beating!
I understand that a lot of those who got involved yesterday were buying to hold, but prepared to lose their stake. So be it. There will also be those that got swept up in the euphoria of battering the hedgies who didn't really understand what they were doing, and typically those will be the ones nursing losses when the masses realise that the moment is gone, and it's time to bail! Will be interesting to monitor the stock and watch it play out when US markets open later.
PMO could be on their radar if they are looking for the next target!!
I understand the point perfectly; the power of the organised mob has been demonstrated.
All I'm saying is that reality will kick in and the Gamestop stock will retrace back to a normal value in time, and those who bought in at the top will get stung.