Member Info for AlfaMale

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.

There are going to be thousands of these millennials who bought into Gamestop who are going to get thoroughly spiked when its drops back down like a stone as they all start to sell and there is a sudden rush for the door (today/tomorrow?)

The camaraderie is great when the rush is on and they are battering the greedy hedge funds, but it will all end in tears when they start looking at their account balance in the coming days.

Caveat emptor, as they say!

Great volatility in oil lately - perfect for trading long and short.

It's like being down the casino at the roulette wheel !! red or black, up or down...

Maybe cos of the copper price?!

http://www.kitcometals.com/charts/copper_historical_large.html

The deramping Ferret's prediction of 15p might be right for this dog!!

Antigua,
Probably because those in authority likely benefit from maintaining the status quo - many of whom will be sitting on boards as non-exec directors of these companies, creaming off salaries for doing little, or receiving back-handers for any number of 'favours'.

As my old man would say "it's all a racket"!

Still, if we are lucky, we can also benefit.

Olivia down, but could bounce up off the bottom of the uptrend channel which has been in play since November - bounce could be in the next hour, unless it breaks out to the downside.

Managed to open a nice short on Brent last night just as the Asian markets opened. 120+ points and counting...

Dave,
This is true, but PMO is in limbo until the merger deal completes at the end of March and likely has a ceiling price around 22p, unless oil decides to go much higher.

Until the deal is finalised, PMO is a trader's plaything - which is OK by me - gives us long-term PMO traders another stab at making a few bucks before this turns into a larger entity.

Olivia wants to pull back - she's been on a steady rise since November. Feels like it needs a good $5 drop for a period.

If so, expect all oilers to follow suit.

"Later Opening time (No more Trading at 8am, or waking up to nasty surpises)"

Can't argue with that!!

"I also know that the green dream is mostly B.S."

Indeed, but that won't stop the green movement from pushing forward. More power to it, if you'll pardon the pun! :)

Copper stocks should do well.

Releasing a $2tn relief package later today apparently...

Smashed through on Asia opening... See how it pans out by the morning.

Squid!

Damp, yes, totally agree ;-)

Damp squid then!

Saudi news about reducing production, no?

The last 8 "Holdings" RNS have been from Goldman Sux.

The fact that they have their grubby mitts on this, however indirectly, is likely to be the reason this is being held down.