Share Picks 2021 - Thread banned users post #1

Short Interest is still over 100%

Shedite27 wrote: »

Report was that they got out yesterday

Dunno, there wasn't enough shorts sold yesterday for Melvin to get out, let alone citron aswel

https://fintel.io/ss/us/gme

CNBC take Melvin article down so they are not out, think it was just a scare tactic

VinLieger wrote: »

Jesus im seeing people say they actually shorted even more, wtf are they doing?

This is like Tesla shorts, except the same nightmare condensed into afew days ha

cc87 wrote: »

The whole thing isn't really two fingers to hedge funds as much as people seem to be making out.
Isn't robinhoods business model, micro-delayed free trading for average Joes because they they sell trade information to hedge funds? Allowing hedge funds to buy before reddit get in.

That's the word alright. The market makers get the dealflow before it hits the market, enough time to HFT front run it. So while individuals like Melvin might get shafted by this if they run out of bank (very nice to see the shoe on the other foot) the majority of the top tier players still make out like bandits.

The odds are so stacked against individual retail its not funny. Makes you wonder about the value of fundamentals analysis for long term holding, never mind what people might try for day trading.

the butcher wrote: »

AMC on a mad one now.

Could be the next GME

Almost every stock I have is down 5% or more. Going to be a very painful day.

circadian wrote: »

I'm not going near AMC, had shares a while ago but dumped them out for a tiny profit. Stinks of a massive short to make up losses elsewhere.

Disagree. It's a pump and dump

DutchYurt wrote: »

eh, it's kinda been like this for the last year not just last week :pac:

True but this week has been particularly mental and clearly having an effect on an already unstable market.

That being said, I mentioned this to the missus earlier. We're headed for a crash soon but it's nothing like 2008. We're moving into a new age of technology and it's the companies that can make the transition that will survive.

Look at Intel, if they keep going the way they are they'll be irrelevant in 10 years. Getting smashed by AMD and tsmc in both design and production of smaller nodes. They're looking at getting into GPU and machine learning. Nvidia just bought ARM and AMD xilinx while as far as I can see, Intel are stuck on 10nm and x86/64. I've been using RISC based containers and microservices in the cloud for years, MS are moving towards it, Apple have already put it into production and Intel are standing there with their dicks in their hands with a node that's 4 years too late on an architecture that's at the end of it's life cycle.


This is one case in thousands of a shifting market and a shifting world in general.

Bluebb993 wrote: »

What are you hoping to buy at?

Anything around 160-170 mark. Really hoping it dips

dan786 wrote: »

WSB is nearing 3 million me. Going to wait for a dip and then buy some GME.

Im sticking with what i have for GME dumping some others at open and buying some AMC when it dips

AMC just went past 300% pre market

Watching the MM simply unable to grasp what is going on is hilarious, they refuse to accept the reality of whats going on and keeping talking about the fundamentals etc and not about how the existence of shorts is a fvcking disgrace and this is the retail traders taking revenge.

Will it explode or tank at 2.30!?