$240

someone must have farted... everyone heading for the exit

AgEng06 said:

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These mf'ers are gonna push $250 today.

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More than one person is gonna feel some pain with this.

Saw it up over $230 at one point

Has there ever been anything like this?

La Bamba said:

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McInnis 03 said:

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What were the rules on the goal posts? I know about the volume bars being ridiculous, but what were the up/down pieces of info we need to watch for?

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Basically on the day that you see that second goalpost, in other words huge daily volume after the initial breakout day followed by consolidation, the likelihood of breaking that initial day's top is high. Need the volume though.

I normally estimate the pre market volume as 10% of the total daily volume to get an idea whether we will see the goalpost or not. Curious if anyone else has data/tracked that to verify whether good ballpark number or not. This is from what I've seen/gut feel.

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Just quoting this so I can find it later.

yukmonkey said:

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Saw it up over $230 at one point

Has there ever been anything like this?

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VW was squeezed a long time ago.

XIV blowing up is the only other modern WSB thing I can think of with this magnitude. Just the opposite this time.

yukmonkey said:

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Saw it up over $230 at one point

Has there ever been anything like this?

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High of $244 before the drop a few minutes ago.

We're all buying 100 puts out to March tomorrow, right????

QQQ with a nice AH showing.

$LUMN, hoping for a handle to form for entry though this thing might take off AH.

UpstateAg said:

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We're all buying 100 puts out to March tomorrow, right????

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lmao wut!? the largest hedge funds aren't scaring these nitwits off their position. I wouldn't stand against this tide

DFV had 4.8 mil in cash. He could have added

jj9000 said:

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M.C. Swag said:

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UpstateAg said:

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We're all buying 100 puts out to March tomorrow, right????

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lmao wut!? the largest hedge funds aren't scaring these nitwits off their position. I wouldn't stand against this tide

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March is a long time.

Profits will be taken.

The music will stop.

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like with Tesla? lol

ok ok not a fair comparison. But what's to stop Ryan Cohen from announcing Gamestops plans to...build a gaming console? or partner with nasa as the official astronaut gaming comopany? or whatever marketing ploy that Elon musk uses to basically juice another run up. Know what i mean?

Experienced traders,

Do any of y'all know of another situation like GME?

I know some posters were talking about dumping decent sized cash into GME and many on here posted against that. There may be some posters that are experiencing extremely strong FOMO (fear of missing out) and looking for the next GME.

I would hate to see some people on here get burned thinking this won't end.

I've been out on trying to play GME in anyway. I don't see the value that I can manage risk/reward on any trade with it.

jj9000 said:

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M.C. Swag said:

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UpstateAg said:

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We're all buying 100 puts out to March tomorrow, right????

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lmao wut!? the largest hedge funds aren't scaring these nitwits off their position. I wouldn't stand against this tide

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March is a long time.

Profits will be taken.

The music will stop.

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But the premium paid on those options, alongside 500% IV will absolutely crush anyone holding them.

Now selling options is another different story.

jj9000 said:

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yukmonkey said:

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Saw it up over $230 at one point

Has there ever been anything like this?

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Yes.

Oil at negative $30 per barrel.

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Yeah that was crazy but also unique because you have to take physical delivery of the commodity with the futures contract.

GME quickest 10 bagger ever? What was that 2 weeks or so?

jj9000 said:

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M.C. Swag said:

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jj9000 said:

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M.C. Swag said:

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UpstateAg said:

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We're all buying 100 puts out to March tomorrow, right????

---

lmao wut!? the largest hedge funds aren't scaring these nitwits off their position. I wouldn't stand against this tide

---

March is a long time.

Profits will be taken.

The music will stop.

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like with Tesla? lol

ok ok not a fair comparison. But what's to stop Ryan Cohen from announcing Gamestops plans to...build a gaming console? or partner with nasa as the official astronaut gaming comopany? or whatever marketing ploy that Elon musk uses to basically juice another run up. Know what i mean?

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Read what you just typed and think through it rationally.

Official astronaut gaming company?

Elon posted a Tweet.

FOMO is real.

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lol yes, i understand what i typed. it was intended to be ridiculous (akin to Elon's on going schemes to juice tesla investors with promises of things he'll never actually do).

jbeck3487 said:

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Experienced traders,

Do any of y'all know of another situation like GME?

I know some posters were talking about dumping decent sized cash into GME and many on here posted against that. There may be some posters that are experiencing extremely strong FOMO (fear of missing out) and looking for the next GME.

I would hate to see some people on here get burned thinking this won't end.

I've been out on trying to play GME in anyway. I don't see the value that I can manage risk/reward on any trade with it.

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2009 Volkwagon stock ran up over $1K in a similar short squeeze from hell (for those short).

ClutchCityAg said:

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Power to the people eh? If only we were this tactical and coordinated with keeping politicians accountable

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Well, some of their biggest holdings are publicly available. Economic warfare baby.

leoj said:

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Obviously that play is one of the most well known in history. This may be different once it is all said and done, who knows how this is going to shake out. If it was just retail the shorts could stop covering and figure out a way to win. Those call purchases was not just retail though, so they could be in trouble. Who knows, just going to watch and keep laughing.

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What if some other big money traders jump on the retail momentum? This thing could go either way.

Woah