The Lemon Fool

Numbers released yesterday appear to show GME short interest down from 131% to 45%.

You may be able to discern that from https://iborrowdesk.com/report/GME

regards, dspp

In another twist on the bizarre GME/wallstreetbets saga, GME just doubled in about 15 minutes, on high volume, then trading was halted until close of play. Minutes later, the entire reddit site went down. The conspiracy theorists will be having a ball!

Edit: now flying up after hours, volume still very high.

NotSure wrote:In another twist on the bizarre GME/wallstreetbets saga, GME just doubled in about 15 minutes, on high volume, then trading was halted until close of play. Minutes later, the entire reddit site went down. The conspiracy theorists will be having a ball!

Edit: now flying up after hours, volume still very high.

There was another short interest update due, and they hadn't covered. So got caught at $48 with their pants down. So pulled the andon cord again to escape a spanking (at $91).

Went to $180 after hours. The little people can't trade after hours.

After GME, anyone who thinks the little people get a fair crack in the markets is taking something.

But what we are seeing here is not a bug, it is a feature.

regards, dspp

dspp wrote:The little people can't trade after hours.

US-based individual investors can trade after hours, with some limitations. For example:

https://www.schwab.com/public/schwab/nn ... ading.html

Lootman wrote:

dspp wrote:The little people can't trade after hours.

US-based individual investors can trade after hours, with some limitations. For example:

https://www.schwab.com/public/schwab/nn ... ading.html

I think you'll find that most of the accounts the reddit/wsb crew are using (primarily lo-co) did not have after hours privileges. There was discussion about this amongst TMC hands about this as it was all going down the first time.

regards, dspp

Lootman wrote:

dspp wrote:The little people can't trade after hours.

US-based individual investors can trade after hours, with some limitations. For example:

https://www.schwab.com/public/schwab/nn ... ading.html

IG in the UK if memory serves.

dspp wrote:I think you'll find that most of the accounts the reddit/wsb crew are using (primarily lo-co) did not have after hours privileges.

Fidelity appeared to be the new home of choice.

http://personal.fidelity.com/webxpress/ ... 0p.m.%20ET.

Lootman wrote:

dspp wrote:The little people can't trade after hours.

US-based individual investors can trade after hours, with some limitations. For example:

https://www.schwab.com/public/schwab/nn ... ading.html

Me too, in my International Brokers account.

German address, UKP denominated, held in ROI.

Apparently there is a 60% short interest in GME, down from the 78% declared 2-weeks ago

It doesn't seem to be over yet, but who or what is believable is anyone's guess https://twitter.com/kjetillstjerne?s=21

Hedgies vs Hedgies with a side helping of reddit/WSB ?

Good spectator sport imho

regards, dspp

GME now at $115, up from $40, having previously been to $347 (suspended trading for small peoples) from $20 back aways ago.

So game not over yet.

Another round may be in the offing, https://www.reddit.com/r/GME/comments/l ... _all_come/

Worth reading the short % of float in that post ........ there could be a big squeeze here if the longs get as aggressive as they have been in the past, and if the SEC is less partisan than it was last time.

If you read down to the conclusion you'll get this
"MY Conclusion: The squeeze is inevitable. It got delayed many times, but no matter what data you look at, the outcome is always the same, everything points to this specific date. Also: Other Hedge funds smell blood. They can take out some of their biggest competitors as well as making billions and billions of dollars in the process. There couldn’t be a bigger win win situation for them, than this one. I think the squeeze is starting a few days, maybe even a week prior to March 19th. I think that it’ll start March 15th and build up all the way to March 19th, were the real rocket takes off. How long is it going to last? I don’t know, no one does. But I think it’s going to last for at least one week. "
and the subsequent post says this,
"I want to make it very clear to everyone just to make sure. The above post is researched and has been looked at by several members who came to the same conclusion with the data provided."

Interesting times !! Do your own due diligence.

regards, dspp

And now we have "The VanEck Vectors Social Sentiment ETF". Surely this will just turn Reddit etc. into an (even more) complete bot-fest?

GME not done yet ........

credit to google for chart

Still over $200, interesting, anyway,

"Reddit investors use GameStop proceeds to help protect gorillas
WallStreetBets members spend gains on donations for endangered animals also including elephants and turtles"

https://www.theguardian.com/environment ... rillas-aoe

- dspp

5 part podcast mini-series from WSJ's 'The Journal' podcast covering the rises and falls of Gamestop, including an interview with DFV.

https://www.wsj.com/articles/to-the-moo ... 1622369108

Just popped into r/wallstreetbets for some reason, well, because I happened to notice that gravity had finally seemed to catch up with meme stocks like GME. If you have a peurile sense of humour (I do) it is absolutely hilarious in parts.

e.g.

"They say you are what you eat. Funny, because I don’t remember eating a homeless person."

"My ex just left a voice message on my phone saying 'stop with the calls, good buy, GOOD BUY, GOOD [expletive deleted] BUY' I had no idea she was into trading too."

"Puts on my landlord getting rent this month"

"Rotating into poverty"

"Amish: we told you tech was [expletive deleted]."


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Among the more articulate, seems to be a general feeling that the 10-yr 'gapping up' does not bode well for US tech. And as for 'meme' stocks, many down by 90% from 52-week highs.