General Discussion

calguy

(6,149 posts) Mon Feb 1, 2021, 11:31 AM Feb 2021

Last week's GameStop buyers feeling the burn [View all]

The hype from last week seems to have passed over the week end as both GME and AMC have been selling off since trading began in the pre market. GME alone is down 30%. Nothing brings traders back to reality like the sound of burning money. This was so predictable to experienced traders. The newbies are learning a hard lesson right now.

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Last week's GameStop buyers feeling the burn [View all] calguy Feb 2021 OP

Bloomberg is reporting they moved on to silver. Mike 03 Feb 2021 #1

I heard that rumor too calguy Feb 2021 #4

Oooh. I hope so. I'm sitting on a of silver I inherited at the high Hassin Bin Sober Feb 2021 #34

No one involved in the GME squeeze is buying silver. Decoy of Fenris Feb 2021 #46

Are there restrictions on buying? intrepidity Feb 2021 #2

The brokers had no choice calguy Feb 2021 #5

I understand that intrepidity Feb 2021 #6

Yes calguy Feb 2021 #12

And yet, hedge funds and Wall Street banks Miguelito Loveless Feb 2021 #3

The little guys beat the pros "last week" calguy Feb 2021 #8

What people didn't think about... brooklynite Feb 2021 #10

If everyone holds, this fails. Drahthaardogs Feb 2021 #21

The only problem is...... calguy Feb 2021 #28

They will hold Drahthaardogs Feb 2021 #30

The chart tells a much different story calguy Feb 2021 #37

They do during a ladder attack Drahthaardogs Feb 2021 #38

but the chart shows very little volume fishwax Feb 2021 #45

You're right, charts don't lie. And GME holders are holding strong. Decoy of Fenris Feb 2021 #47

Hedge Fund should not even be allowed. Bring back bucket laws. These folks contribute nothing. Demsrule86 Feb 2021 #40

Anyone who bought the bubble.... Happy Hoosier Feb 2021 #11

I agree... Demsrule86 Feb 2021 #41

Absolutely true, Miguelito Loveless Feb 2021 #14

Shorting has been around since markets were created calguy Feb 2021 #13

That's what everybody claims Miguelito Loveless Feb 2021 #16

Shorting turns out very well if the price goes down calguy Feb 2021 #17

There is a difference intrepidity Feb 2021 #22

Markets go up and they go down calguy Feb 2021 #25

There is a difference Miguelito Loveless Feb 2021 #29

When it's a collaboration to drive a business into bankruptcy Drahthaardogs Feb 2021 #20

No it is not...and margin buying helped cause the 1929 crash. Demsrule86 Feb 2021 #42

Margin calls can be painful no_hypocrisy Feb 2021 #7

My BIL (a successful venture capital manager) bought into this... brooklynite Feb 2021 #9

Trading platforms like Etrade are swamped, overwhelmed jmbar2 Feb 2021 #15

You're Wrong. It's a Ladder Attack Drahthaardogs Feb 2021 #18

and, I've read, some houses are forcing stop loss sales nt intrepidity Feb 2021 #23

In a month's time you'll find out how naive you are calguy Feb 2021 #26

Do you follow the Wallstreetbet forums on reddit? Hav Feb 2021 #31

Newbies always search the chat rooms for "talking points" calguy Feb 2021 #33

Hoping that in a month the light will be shone Drahthaardogs Feb 2021 #39

Oh boy greenjar_01 Feb 2021 #35

there were even bigger drops on Thursday and Friday than today, though fishwax Feb 2021 #19

Broadbrush statement. LuckyCharms Feb 2021 #24

Glad you are up 12% AMC since the open calguy Feb 2021 #27

I scalped a little $AMC today but it was a little stressful towards the end of my morning. whttevrr Feb 2021 #43

Hope you're not in it anymore calguy Feb 2021 #44

No, I'm trying to stay all cash right now. whttevrr Feb 2021 #52

Good job calguy Feb 2021 #56

I read today somewhere that now they're going after silver prices. Vinca Feb 2021 #32

Don't buy into the silver propaganda. Decoy of Fenris Feb 2021 #48

I'm not investing in it. I go to yard sales and pick up bits and pieces here and there. If it's Vinca Feb 2021 #50

Don't think so, many of them actually intended to risk money to stick it to the hedge funds. haele Feb 2021 #36

Are you new to trading? Seems like it, since the WSB crowd are holding steady. Decoy of Fenris Feb 2021 #49

Sounds like a line right off a message board. calguy Feb 2021 #55

Oh the drama! Lady Freedom Returns Feb 2021 #51

After-hours trading is brutal Hav Feb 2021 #53

Rug pull time calguy Feb 2021 #54

They taught the lesson, not getting it... RANDYWILDMAN Feb 2021 #57

The market doesn't care one way or another calguy Feb 2021 #58