The problem with mobs is they’re lead by the feeble minded, insecure, morons. Ordinary folk get entangled in their passion and begin to believe in their cause, which is almost always rooted in some brand of delusion helped and assisted by a lifetime of Hollywood dramatization consumption.
This whole GME-AMC drama has ended and of course it has ended with the blood and tears of the plebs. I did warn you about Wall Street and how the slavers never lose and have infinite ways to get you. But in this case, they were 100% right. It matters what a company is worth and it matters when a stock jumps 10x in a week because of a short squeeze. What goes up will come down and now it’s all in ruins, both GME and AMC off by 50-60%.
I hoped you learned a good lesson and if you’re new to trading, stick around — there’s much to do and learn — but it’s never very easy.
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But WSB said this is normal, a game of sorts, keep holding the line, it’s the hedgies trading small shares to drive down the prices… and the gamma squeeze is coming and it will be epic.
Did they cut and paste from the XRP boards?
couldn’t borrow GME from my broker but i’ve shorted and covered AMC 5 times this morning. Easy money although I’m done unless of the unlikely event of a surge.
We tried to tell them Boss but mobs are mobs and history repeats and repeats.
That being said we are in the early innings of a glorious commodity super cycle unseen since he mid 1970’s.
Like the Roaring 20s after the Spanish Flu of 1918. It will of course end badly but there is time.
And yes precious metals will participate and the more this Administration forces green, the higher we go in oil. They are cutting off supply.
Germany (and Spain) tried this 5 years ago and failed and now love that Russian natural gas.
Good thoughts but Biden is too moderate to pinch oil too fast IMO.
After this cold weather push in nat gas pulls back gas might be good come next fall.
I thought it was a good trade. Played calls on AMC and a few others. I warned em. Wouldn’t listen.
But there are many who really believe they can punish the banks so this might not be over.
I’m long CAN SLV TLT just started collecting VXX.
Maybe too early to be short but it’s time to take shots at it.
But, the squeeze ain’t squoze.
https://isthesqueezesquoze.com
Look at the Volkswagen squeeze … a big dip and then …. the Moon!!!
GME is going to sub $20