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For you--definitely a rollercoaster! Few people hold this for more than a day.
I hope your patience pays off for you--we've all seen those monster pops on big market declines and we're due for another one.
Past due.
I picked up some at around $14, but very little. I will hold a small position over the weekend. If I'm burned it will only be 2nd degree.
Didn't see that, but is anyone here holding over the weekend? Normally I'd never recommend doing that....green days almost always follow big red days nowadays (too many days).
HOWEVER...I'm reading rumors that next week will be a disASSter for the hedge funds and GME could reach 5,000 bucks. I doubt that, but the point is....some big shots will be holding big heavy bags and they'll have to sell off their market holdings to cover that.
Next week should get verrrrrry interesting indeed!
Yes it should be a lot higher, but it takes several down days in a row for this to really gather momentum. Instead, they prop up the market every other day and that slows the momentum.
I was just going to post this same comment...although mine would have been a bit less colloquial, lol
Rumor mill Big Hedges that are getting their B@lls kicked in are selling equities to cover their losses, we shall see, bring on the Volatility!
CNBC--The Hedge Fund Voice in Business News!
It's even worse when brokerages such as Robinhood will only allow SELLS and not buys.
Some of these jokers need prison time.
Emergency Press Conference - Everybody On Wall Street Who Had A Hand In Today’s Crime Needs To Go To Prison pic.twitter.com/aKr8aPbB3Z
— Dave Portnoy (@stoolpresidente) January 28, 2021
What you wrote is TRUE, if the rule of law applied to everyone--which it should! But it doesn't. Those at the top get away with their criminality all the time and expect 'the little ugy' to look the other way because, you know, those at the top are so big and important and hold fancy degrees and stuff.
They will all get fined massively and I hope sued up the ass. Love seeing GME AH sky rocket. Have a feeling the CEO and Founder of Interactive Brokers was lying today criminally on Bloomberg and they may go BankRupt if this hits $1,000. They cannot Halt a Publicly trading fully reporting Stock because THEY lent out Too much Stock for the Shorts. You cannot do that no matter how they slice it. You cannot liquidate innocent accounts to cover your own Ass and Agenda.
$350 AH.
BURN SHORTS, BURN!!
It is criminal. I use Ameritrade which is bad enough, but I also have a Robbbing Hood account. Sold everything in it today and tomorrow I will transfer the dough out and CANCEL the criminal broker.
What they did today was an absolute DISGRACE!
CNBC has been using the 'fundamentals' line all day. Did you borrow their talking point? Naked shorting a company into oblivion is allowed because corrupt regulators look the other way. It's a big club and the little people aren't in it. The little people are vilified as basement-dwelling dweebs who know nothing about the market. Well, those little people taught the Goliaths a lesson about over selling something they didn't own. The little people simply played by the rules, but the Goliaths had to change those rules midstream to favor themselves. Now we know....THIS IS NOT A FREE MARKET.
Endless QEs also drove share price movement and who benefitted from the endless trillions in free money? The top Goliaths who own most of the market. They get their chosen stocks to go up ridiculously regardless of fundamentals while their shorted companies get targeted for execution. And who pays the price? Why, the little people taxpayer chumps, of course!
Corruption!
How is shorting healthy when they're doing it to drive companies out of business? People lose jobs while mega-billionaires get more mega billions? These vile hedge funds have been kicking businesses who have been locked down and abused. They want them bankrupt so they don't have to cover.
Also, please explain to me how naked shorting is healthy. It may provide healthy bottom lines for the corrupt, but everyone else's health suffers.
Is shutting down a free market healthy? Only allowing sells rather than buys? That's healthy too?
Idiots might be buying this stock to push back against the shorting corruption. It's not about money. It's about scoring a small victory against the rampant corruption that comes when those at the top do not follow their own rules. "Rules for thee, but not for me."
Do you think corruption is healthy, too? Janet Yellen making millions from speeches as payback for the dirty work she does for Wall Street?
Only a patriot would buy this stock.
CNBC disgusts me. They angrily attacked some young people from Reddit and defended the hedge funds, who actively try to kick companies when they're down. They DESTROY companies by naked shorting.
The little guy is not trying to rob the big guy....but the little guy just expects a CHANCE and a LEVEL PLAYING FIELD. The average man always gets screwed by the big lawyers, the big medical system, the government, and now the stock market.
The playing field is not level--it's always skewed in favor of the mega billionaires.
We need a decentralized stock market along with Bitcoin--a decentralized currency.
It was a noble effort. STOPPING THE ROBBERS WHO DESTROY COMPANIES!
But the robbers complained loudly about getting robbed themselves so the rules were changed to protect the robbers.
End of story.
The rich and powerful always get richer and more powerful even if it means changing their own rules as they go along.
Robin Hood too--they're all in on the fix, too.
The hedge funds know they're supported by the casino managers who have their FAT THUMBS ON THE WHEEL.
What this proves is that THEIR stock market is no longer FREE.
THEY don't have to play by their own rules and in fact they can make up new rules as they go along.
Who's hurting here RIGHT NOW?
Certainly not the longs and the shorts have not begun to cover. The latter are sweating bullets.
The real short covering hasn't even started yet!
https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts
Yes.
Only? That's still a big only.
What the hell--I remember this one from years ago and it was a dog. Now it's barking very loudly.
It closed red--down 21 percent on Friday.
"Anytime a stock has a uptrend and also closes green when it’s been red most the day."
Monday prediction: Open .0028. Close at .0019. HOD .0028
Seller exhaustion? I don't think so. There is an inexhaustible amount of shares that can be dumped.
This shell is worth next to nothing as in no bid/.0001
75 billion AS, 21 BILLION OS.
Why buy now? It's on a 45 degree slide down toward oblivion. Wait until the trips at least.
Like a previous poster said, this junk has ZERO things going for it other than a name. That's all they have. A name. BILLIONS and BILLIONS of shares waiting to be dumped. A stop sign. No news. No hope.
No support. Zilch. Nada.
Going to .0001, followed by a massive reverse split. They want that water out of that rock.
LOL
My prediction is also .002 by the end of the day.
The hype is gone. Nearly all the cheerleaders are gone--they've moved on to the next P and D.
Stop sign in place. Clay showed up the other day at the top--always a bad sign. Heavily shorted. It's swimming in shares. Probably heavily dilution going on right now.
Back to the trips next week. Reverse split is the only way this will ever see a cent.
This is not atypical--most of the penny junk is just like this. If you don't get out on the pop, then get ready to hold a heavy bag permanently.
https://www.otcmarkets.com/stock/ELCR/quote
Stick a fork in it. She's done. What goes up must come down.
Sorry. This one is going down for the count. May close around .002 today.
Doomsday will cause the markets to fly up even more--surely you know that.
LOL
Stick a fork in this one--she's done.
Many stuck the fork in an electric socket at much higher prices.
Yes, I agree....it may get there by this afternoon...Fridays are usually good days for the market.
Then again, so is Monday, Tuesday, Wednesday...etc...
LOL--buh bye, money!
All those millions of bucks that went into this at much higher prices. Frankly, it makes no sense, but to expect sense out of a penny stock scam is not logical.
Way, way way overbought. Get out now while the gettin' is good.
This will be back in the trips next week. May as well bail out now.
Back under $100--that's buy territory...at least lately.
Not today it won't.