The idiot GME cultitsshould have listened to AMC, that kinda predicted the price action of GME a day earlier. Since there was no fundamental reason why AMC went up, it promptly fell back and even below where it started. In a few days GME will be back sub-20.
You are one of my favorite posters because you are all about the arm chair quarterbacking, which is the true spirit of an Internet forum.
Yes, so far... thank you! 1.20 now, I bought at 1.70 I will monitor closely Edit: did you mean that vol dropped by coming in? Or did it spike when I wasn't looking before crushing? ATM premiums lost quite a bit compared to yesterday, but the term skew seems relatively stable
Did a V ... the other way. GameStop stock tanks on move to issue shares, quarterly sales decline https://finance.yahoo.com/news/game...-sales-decline-123226611.html?.tsrc=fin-notif
Roaring Kitty puts this picture on X and suddenly GME is up USD 1 billion -----> Roaring Kitty puts this picture on X and then GME is down USD 1 trillion uptrend- traders earn $$$ downtrend - traders also earn $$$ HODL investors from eliteinvestor.com - they are weeping and gnashing their teeth in despair. Will those HODL investors sue Roaring Kitty?
Just how much did GME bribed Roaring Kitty? It's so blatently obvious, but some people are so dense that they're simply incurable.
It seems whenever these stocks pump 100+% the companies always end up issuing more shares and tanking the stocks. Well I guess the pump wasn't for naught. GME doesn't really need any more cash, I believe they already had $1.2B on the balance sheet. They need a plan forward. Their business plan is currently DOA. AMC just expanded too much via buyouts & mergers and as a consequence they are buried in debt. Even SMCI when it skyrocketed 20X issued convertibles and then a few weeks later another 10% share dilution. At least Supermicro will survive unlike AMC & GME.