Day trade it and have fun doing it. Keep your risk limited to 10% downside. But don’t you fucking dare buy in at any price in the hundreds and imagine you’re making a wise decision. During manias like this, the plebs always get fleeced at the top — the point at which marketing is most pervasive. Ordinary people like firemen and secretaries are now barreling in headfirst into this “squeeze” because it has been deemed as cool by morons who think they can win and guillotine the elite.
This narrative has been playing out for thousands of years. Identify the trends and realize that this new game is actually quite old and you’ll be back in the fields being a good serf in no time at all, if you’re not careful. We had a nice market going and now it’s going to hell because MUH SHORTSQUEEZE and all this populism sweeping the market. Now they want to squeeze silver and I applaud any and all efforts to afflict damage to the slavers. But color me skeptical in your ability to pull it off — having seen this story and its ending play out with the same conclusion each and every time.
GME is not a buy at $330. It can of course squeeze higher and the stock might even triple from here. But you’d have to posses balls of stone to hold or buy here. I can think of 1 millions better things to do other than this. But if you’re hellbent on it and need a way to gain exposure, you can do it via ETF RETL, which is 11.5% weighted GME.
Good luck and be careful out there — for the slavers are presently scheming on how to end the revolt, redouble your shackles, and place you back into the fields.
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hook line sinker.
Ranking right up there with the Dutch Tulip Mania in the 1600s.
If the Reddit Army really wants to go after an undervalued manipulated asset they should go after silver and at the same time put a hurt on JP Morgan. Further, silver has a useful industrial purpose.
Anyway this Reddit fun can go onto my list of favorite memories of the stock market along with:
The “Nifty Fifty” of the ’70s,
Bull run beginning 1982,
October, 1987 crash,
Oil runup when Irag invaded Kuwait in ’90s,
Tech bubble and subsequent crash of 2000,
Real estate market bubble and crash 2008.
Thanks for the memories Reddit Retards (their self described characterization).
You forgot the Flash Crash?
Oops.
You are correct.
I kind of slept through that one it happened so fast.
hows Stocklabs comin along?
Good day inner wall st. Fags,
5,465,768,8765,213
I just named the number of times
I touch my wee-wee on a weekly
Basis
GME isn’t fundamentally different from cryptocurrencies and there is no shortage of gullible buyers in cryptos.
Same story, different timeline, same ending.
This weekend I doubled my 4K monitor sq footage in order to better track my spastic day trades. So I hope the crazy continues. A fresh extra $1400 from Ole Hairsniffer will help.
Hahahaha, you’re getting a check? Stop being poor.
The Fly is right, this is all too much. I am going to BOARD THE ARK – jk if you try that I’ll eat your fucking lunch. If you don’t buy more GME, you are forgiven. But for the LOVE OF GOD please HOLD.
Place your bets here on how many points down the market stands at 4PM tomorrow.
There is a tear in the fabric of our financial system and it’s beginning to develop into a full blown rip.
See you in SLV
I go with DJIA (helped by Chevron) up about 250 points, NASDuck flat to down, and Russell 2000 up about 1%. No idea on S&P.
This is at 4 PM with plenty of movement through the day.
$GME short interest still %113 of float. Going higher. Way higher.
Not if Robinhood limits buy orders to1 flippin share for all the retards and autists on r/WSB
It’s a damn pinko, bedwetting, Communist plot to let the big boys off the hook at the expense of the little people.
Let the gnashing of teeth and howling begin!
WRONG All they gotta do is hold
Interesting read from the Ukrainians running Zerohedge…
https://www.zerohedge.com/markets/stunning-way-some-desperate-funds-covered-their-gamestop-shorts
What would 30 year old Fly have done?
Wow suits got to fly!
Fly is a suit always has been
I feel like JakeGint is probably working 10 anonymous Reddit accounts right now.
Silver to $1,000.
Would love to hear his take. Maybe I’ll just scroll back a few years and read his comments.
Sold my sil etf (miners) and Paas along with GDXJ etf about hour ago and going to take a nap.
Last 3 days buy at end of day and sell in pre market always worked but I think I am done with that nonsense. 30% + gains in the silver miners crap is enough. Being a pig always ends up with bacon.