GME up over 100%.... what is going on now?

Discussion in 'Stocks' started by Saltynuts, Feb 24, 2021.

  1. GME closed down at $108, to $106 in the after hours, I bet it plummets tomorrow. I'm hereby declaring victory. AND VICTORY IS SWEET!!!!! Fuk with the bull short sellers, sometimes you might just get the horns...
     
    #121     Feb 25, 2021
  2. zghorner

    zghorner

    Lol “fuck with the Bull short sellers” wtf man?

    fuck with the bear and you might just get the claws would have been way cooler.

    is definitely closed like shit, gap down at open gonna hurt.
     
    #122     Feb 25, 2021
  3. terr

    terr

    Here is a funny roundtrip Salty:

    02/24/2021 15:30:12 Bought 10 GME Mar 12 2021 43.0 Put @ 3.5 (GME was 63)
    02/25/2021 15:46:32 Sold 10 GME Mar 12 2021 43.0 Put @ 4.85 (GME was 124)

    Way less stressful than shorting stock.
     
    #123     Feb 25, 2021
    yc47ib and zghorner like this.
  4. Lol
     
    #124     Feb 25, 2021
    vanzandt likes this.
  5. comagnum

    comagnum

    Gamestop bounced of an area with large volume support, the recent narrowing of range got me interested. I really liked the setup but never got around to putting an order in.

    Red line is the volume point-of-control.
    upload_2021-2-24_16-9-52.png
    ACH]
     
    Last edited: Feb 25, 2021
    #125     Feb 25, 2021
    zghorner likes this.

  6. Oh shit I said it totally backwards, I'm the short seller lol...
     
    #126     Feb 25, 2021
    zghorner likes this.
  7. Overnight

    Overnight

    It is because you did not take a night's rest like I suggested and calm down. You can't even remember which direction you are playing in your frustration, lol!

    You said you have enough capital in the account to maintain a huge drawdown. Have you calculated at what price GME would have to rise for you to receive a margin call?

    GME @107 as of this typing.
     
    #127     Feb 25, 2021
  8. ajacobson

    ajacobson

    #128     Feb 25, 2021

  9. Honestly, I bet it could go to thousands per share before I start even having to worry, but still, if it does that I'd be HUNDREDS OF THOUSANDS down on my account, and then what if the motherfukin' shares get called from me? So much hard earned gains down the tube for a trifle...

    But stock looks like its at 100.5 now, I bet it tanks tomorrow.
     
    #129     Feb 25, 2021
  10. Overnight

    Overnight

    I saw that comment from an earlier post of yours. From what it looks like in your screenshot, you are short the shares. How can they be "called away from you"?

    I know little about stocks, and even less about options...But how can shorting stocks outright be "called away" from you? Isn't that something that would happen if you sell a call and are exercised?

    As for the amount of money you would be down in your account, is hundreds of thousands of dollars a mere trifle? You have been indicating you are well-heeled in the account. So at what price would you be margin-called on your short?
     
    #130     Feb 25, 2021