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1
Posted on 2/1/21 at 4:25 pm to Pendulum
$185 now
This post was edited on 2/1/21 at 10:01 pm
Posted on 2/1/21 at 4:27 pm to Big_Slim
$174. What's the record for after hours collapse? 
Posted on 2/1/21 at 4:29 pm to EarlyCuyler3
Hold me I'm scared
Posted on 2/1/21 at 4:30 pm to bricksandstones
Too late now. Just gonna have to wait and see if we get a rally in the morning with some autist money hitting other brokerages and driving it back up.
Posted on 2/1/21 at 4:31 pm to EarlyCuyler3
Also the potential for it to go truly off the rails if panic selling sets in as people try to salvage the farm a bit.
This post was edited on 2/1/21 at 4:32 pm
Posted on 2/1/21 at 4:32 pm to EarlyCuyler3
Im down 30%...... Are we having fun yet????
This post was edited on 2/1/21 at 4:32 pm
Posted on 2/1/21 at 4:33 pm to sonoma8
I think I'm officially done buying. Just gonna hang in there and hope for the best. The dip last thursday was much bigger but today's slow bleed was disheartening.
Posted on 2/1/21 at 4:34 pm to Chucktown_Badger
quote:
Also the potential for it to go truly off the rails if panic selling sets in as people try to salvage the farm a bit.
Let's hope not. This is why you don't give in to FOMO and knee jerk buy a dip.
Posted on 2/1/21 at 4:35 pm to bricksandstones
Short % is down significantly. That was my final sell signal. No sense in holding past here
Posted on 2/1/21 at 4:36 pm to Upperdecker
Yeah I think we're seeing the last downward spiral. It was fun while it lasted
Posted on 2/1/21 at 4:37 pm to Upperdecker
Rallying a bit.
Posted on 2/1/21 at 4:39 pm to htcthc321
My one share will be down bigly by tomorrow market open when I can sell, but boy the people on Reddit will have some incredible loss porn to show
Posted on 2/1/21 at 4:40 pm to EarlyCuyler3
If its money you can't afford to lose don't be the last one holding the bag just so you can say you have diamond hands.
Posted on 2/1/21 at 4:43 pm to Upperdecker
quote:
Short % is down significantly. That was my final sell signal. No sense in holding past here
I got blasted for saying the squeeze was over when the stock failed to hold up even moderately on Thursday. Thought that was a terrible sign as shorts covering would have supported the price at least some. Original shorts were out, and new shorts are making a killing.
This post was edited on 2/1/21 at 4:45 pm
Posted on 2/1/21 at 4:44 pm to LSUguerilla
The volume still looks low to me, so maybe it's not over yet. There's a lot still being held.
Posted on 2/1/21 at 4:44 pm to Pendulum
quote:
40 mil + hate vs 20 mil + fame + SAFETY
Interesting
An extra $20 million can buy a lot of safety. Just sayin.
Posted on 2/1/21 at 4:50 pm to EarlyCuyler3
quote:
The volume still looks low to me, so maybe it's not over yet. There's a lot still being held.
It was 59MM, 50MM, 34MM the last 3 trading days. So yes, volume was down, but the stock was still off 31% during regular hours and another 20% AH. So it stands to reason that much of the activity today was people bailing, considering that mega drop.
The questions are - how many shorts are still way underwater (the answer is "way fewer than there used to be") and are you willing to bet that there will be another runup given the new dynamics of the stock. I will just say I wouldn't touch it even at $185. I think the party is over.
Posted on 2/1/21 at 4:51 pm to EarlyCuyler3
quote:
The volume still looks low to me, so maybe it's not over yet. There's a lot still being held.
The volume only looks low with respect to the first few days of last week. $7.6B of GME changes hands today, at a minimum. That is a nearly twice the price-weighted volume of GME that moved the day the new CEO joined on 1/13. It’s also 75% of the float. That’s a massive day compared to everything in GME history outside of 1/22 - 1/29
This post was edited on 2/1/21 at 4:52 pm
Posted on 2/1/21 at 4:52 pm to Chucktown_Badger
quote:
So it stands to reason that much of the activity today was people bailing, considering that mega drop.
I'm inclined to believe you at this point. Reddit says it's still a ladder attack or whatever. Guess we will find out in the morning. Definitely hard to see it hitting anywhere near 200 again right now.
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