Why did GME drop from 344 to 198 in a few minutes today?

Discussion in 'Stocks' started by GoogTgt, Mar 10, 2021.

  1. zghorner

    zghorner

    Did he really?
     
    #21     Mar 10, 2021
  2. Overnight

    Overnight

    Link the proof, because he didn't post it here...

    https://www.reddit.com/user/DeepFuckingValue/

    And by the way, why does any trader in GME care about this shit anymore?


    He effectively has 150,000 shares total in control, yes?

    100,000 shares outright, and 500 options. The fucking stock is trading through 50 million shares a day. Why do we care about this kitten any longer? It's gotten stupid.

    He put it all on red, it came up red, then black, then red. He's in profit. He and this whole saga needs to go away. Seriously, it's OLD!

     
    Last edited: Mar 10, 2021
    #22     Mar 10, 2021
  3. Dustin

    Dustin

    Ok Mr. Dice. Why don't you tell me how many shares hit the bid on the way down. Then tell me how many shares hit the offer on the way back up. Oh...you don't have that information, ie. "proof"?

    Drop = 600k shares
    Pop = 850k shares

    They were stops.
     
    #23     Mar 10, 2021
    wiesman02 likes this.

  4. Well said!
     
    #24     Mar 10, 2021

  5. Clicked on that link Overnight, gave me error message. Is it still supposed to be working?
     
    #25     Mar 10, 2021
  6. ph1l

    ph1l

    It knows what not to show for traders who are short.:)
    upload_2021-3-10_23-19-26.png
     
    #26     Mar 11, 2021
  7. smallfil

    smallfil

    Hedge funds sell at or near the top their shares and/or call options then, short it immediately, after by buying put options (lots of strike prices and open interest). They do not need to give anyone advance warning. The more the stock tanks, the faster those put options rise in value due to increased volatility and the leverage. I shorted RKT, Wallstreet Bets favorite for just a couple of days using put options and made good monies. Hedge funds with their deep pockets can keep shorting stocks with put options. With the Reddit traders, hedge funds know it is quite easy to make monies. Rinse and repeat.
     
    #27     Mar 11, 2021
  8. We got ourselves a troll, following me around. How cute. Don't let your mom find out you skipped homework.

     
    #28     Mar 11, 2021
  9. Right, I can't add basic numbers together, it's because I have servants like you who do it for me. So let me ask you back, Mr Dust, what did you prove? You did not even understand my point. But let me confirm I understand yours: you are saying they were stops. What tells you that? Anyone who wants to get filled would have the exact same profile. You proved nothing at all. This among many others is a totally rigged stock moved around by a group of large players. And if the SEC cared at all to investigate then you would hear about exactly what I stated just now in a few months in the WSJ.

     
    #29     Mar 11, 2021
  10. easymon1

    easymon1

    Why did GME drop from 344 to 198 in a few minutes today?

    HAMMER AT RES 799 gme 10m.png
     
    #30     Mar 11, 2021
    zghorner likes this.