Trading the stockmarket (NO Referrals)

Skillmister · 27 Jan 2021 at 15:01

Gaygle said:
I saw in the news a couple of hours ago that Citron and Melvin had closed out their short position. That surely is going to have an effect on this GME trend isn't it?

Melvins position was only 10% of float. Don't know what Citron was but likely a lot less. Short interest is still over 100% especially after 27m new shorts yesterday

regulus · 27 Jan 2021 at 15:02

Gaygle said:
I saw in the news a couple of hours ago that Citron and Melvin had closed out their short position. That surely is going to have an effect on this GME trend isn't it?

That'll be exposed as fake news if there was any fairness in the world.

englishpremier · 27 Jan 2021 at 15:02

413x said:
I kind of feel the same. The stocks world seems to have been immune from covid until now . Everything seems over priced and riddled with debt.

Look at CINE. Rising even though everything will not be back to normal any time soon, cinema could end up miniscule compared to what it was, and carrying loads of debt

CINE has been doing it since the start of last summer. Jumping up for no reason usually as a lockdown is announced.

Still can't get in to anything other than HL. Looks like no trading for me today.

Mesai · 27 Jan 2021 at 15:02

Skillmister said:
Melvins position was only 10% of float. Don't know what Citron was but likely a lot less. Short interest is still over 100% especially after 27m new shorts yesterday

Yep, some were closed and more were opened - I personally don't have a problem with them losing all their money.

413x · 27 Jan 2021 at 15:05

I have to wonder who would be getting in now. Got to have big old balls for sure

Hyburnate · 27 Jan 2021 at 15:05

I'm impressed with these brokers load balancing

Russinating · 27 Jan 2021 at 15:05

arknor said:
yea but it's not the same thing, the post reads like the person thinks hedgefunds are buying DDOS attacks.

What? How does it read like that? Put your tin foil hat down.

dirtychinchilla · 27 Jan 2021 at 15:07

I've submitted my kill or fill to sell GME. Hoping it comes through soon! I haven't been this tense in a long time.

Martynt74 · 27 Jan 2021 at 15:07

Russinating said:
What? How does it read like that? Put your tin foil hat down.

Yeah, definitely not how i read it either.

Damn market. I sold at 320 with the aim to buy when it dipped again. It's now 290 and i can't get my re-buy to go through!

BogEyes · 27 Jan 2021 at 15:09

New to all this. Was planning on buying my first stocks today.

Have been thwarted by this GME/wallstreetbets business :rolleyes:

Fun to watch though!

Trusty · 27 Jan 2021 at 15:09

englishpremier said:
CINE has been doing it since the start of last summer. Jumping up for no reason usually as a lockdown is announced.

Still can't get in to anything other than HL. Looks like no trading for me today.

Its forward looking a couple of years isn't it? The people buying it obviously feel when everything does get back to normal then the price they paid for it now will be very cheap.

StriderX · 27 Jan 2021 at 15:10

So what occurs if no one sells their shares in this clearly irrelevant company?

Kreeeee · 27 Jan 2021 at 15:10

Gibbo · 27 Jan 2021 at 15:10

I cannot get into anything, arrrrrgh!

Got 25k sat in Corsair at around $33 and typically its moving up and I cannot get into to it so it best keep moving up lol.
I also grabbed one GME share, 5x AMC shares and 20x SKT shares as a pure gamble but have no idea what I have paid lol as cannot log in, I've watched GME since $20 but every time I see it go up I just ignore it, wished I'd thrown a load of money at but so don't we all, I am not complaining anyway, share trading has treated me very well these past six months.

Trusty · 27 Jan 2021 at 15:11

StriderX said:
So what occurs if no one sells their shares in this clearly irrelevant company?

They'll be left holding something that no one wants to buy

Gaygle · 27 Jan 2021 at 15:12

BogEyes said:
New to all this. Was planning on buying my first stocks today.

Have been thwarted by this GME/wallstreetbets business

Fun to watch though!

Yeh this GME madness has tanked the rest of my portfolio. Which made 30 minutes after opening a really good time to load up on more at an excellent price...hopefully

Hyburnate · 27 Jan 2021 at 15:13

Hyburnate said:
I'm impressed with these brokers load balancing

lol

booyaka · 27 Jan 2021 at 15:13

GME tanking now
halted again

Minusorange · 27 Jan 2021 at 15:14

StriderX said:
So what occurs if no one sells their shares in this clearly irrelevant company?

View attachment vB0X4pD.jpeg

mid_gen · 27 Jan 2021 at 15:14

What's the deal with AMC anyway....I know WSB have this anti-short-seller circlejerk going on with GME.....but why AMC? Just another dart thrown at a stock list?