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Still think TITNC3: Return of the Iceberg was peak

Discussion in 'Stocks & Investments' started by kairo, Oct 6, 2020.

  1. Jan 27, 2021 at 4:37 AM
    #2301
    chetterthecat

    chetterthecat Well-Known Member

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    Cnbc claiming melvin is out...all lies. Buy the dip. Hold the line.
     
  2. Jan 27, 2021 at 4:37 AM
    #2302
    98tacoma27

    98tacoma27 is going full "SANDWICH" Moderator

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    Some stuff. Not a lot, just some.
    Melvin is not filing for bankruptcy but they did close out their position.

    https://www.marketwatch.com/story/h...tal-closes-out-gamestop-short-cnbc-2021-01-27

    Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manager Gabe Plotkin told CNBC's Andrew Ross Sorkin that the position was closed out Tuesday afternoon following a huge loss. Shares of GameStop have soared more than 600% in January after retail investors, organized via Reddit's WallStreetBets forum and other platforms, sought to push up a handful of heavily shorted stocks. Hedge funds Citadel and Point72 infused nearly $3 billion into Melvin Capital to shore up the fund, news reports said earlier this week. Plotkin told CNBC that speculation the fund would file for bankruptcy is false. Also, Andrew Left of Citron Research, in a video posted to YouTube on Wednsesday, said he covered the majority of Citron's short position in GameStop in the $90 price range.Shares of GameStop trimmed premarket gains after the report but remained up 78%.
     
  3. Jan 27, 2021 at 5:01 AM
    #2303
    TacooSaucee

    TacooSaucee Well-Known Member

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    God damn, woke up to see +200% on AMC and +70% for gamestop in pre-market....FOMO is hitting hard now
     
  4. Jan 27, 2021 at 5:24 AM
    #2304
    indoomitable

    indoomitable Baby-steppin' down the stairs

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    Ah yes, very convenient reporting by CNBC while ignoring how many shares were sold short yesterday. Their bias is just way too evident
     
    TreeFortRichard and 98tacoma27 like this.
  5. Jan 27, 2021 at 5:36 AM
    #2305
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    well..
    I am every the proponent of trailing stop losses...and wow did they save my non-short ass...
    $NAIL and $NRGU are tanking...
    Everything seems red
    Remember yesterday when futures were GREEN??? HMmmm?
    It would be a rather grim day if not for crazy nuts insane world
    How long until they try and pin an entire market collapse on reddit?
     
  6. Jan 27, 2021 at 5:38 AM
    #2306
    indoomitable

    indoomitable Baby-steppin' down the stairs

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    That seems to be their marching drum this morning already

    EDIT: also glad I sold all my NAIL at $65 the other day
     
  7. Jan 27, 2021 at 5:43 AM
    #2307
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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    Imagine how sweet the reentry will be when it's in the $40's again..
     
  8. Jan 27, 2021 at 5:55 AM
    #2308
    indoomitable

    indoomitable Baby-steppin' down the stairs

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    And how much more we can buy with some tendies from GME!
     
  9. Jan 27, 2021 at 6:04 AM
    #2309
    theesotericone

    theesotericone Well-Known Member

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    The circuit breakers on GME and AMC are going to be off the charts today.
     
  10. Jan 27, 2021 at 6:05 AM
    #2310
    slcsez2000

    slcsez2000 Well-Known Member

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    In all honestly

    AMC and GME

    buying in this morning.

    dumb/smart.?

    this push premarket is insane.

    I watched from the sidelines for 2 days and with my luck would finally jump in pretty heavy the day the bottom falls out lollllllll
     
  11. Jan 27, 2021 at 6:07 AM
    #2311
    theesotericone

    theesotericone Well-Known Member

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    Smart with stop losses and monitoring your positions. Dumb without. No one knows WTF is gonna happen but there is money to be had for sure.
     
    indoomitable likes this.
  12. Jan 27, 2021 at 6:17 AM
    #2312
    slcsez2000

    slcsez2000 Well-Known Member

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    Looks like Melvin is trying to spook folks to get out of those positions

    it could happen if folks take the bait and get emotional
     
  13. Jan 27, 2021 at 6:18 AM
    #2313
    theesotericone

    theesotericone Well-Known Member

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  14. Jan 27, 2021 at 6:21 AM
    #2314
    Iwilltaco

    Iwilltaco Well-Known Member

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    @kairo’s guest house having a water with @not_nick
    Under development
    indoomitable likes this.
  15. Jan 27, 2021 at 6:22 AM
    #2315
    theesotericone

    theesotericone Well-Known Member

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    The SEC would fry them if that's not true. Think jail time and lots of it.
     
    enforcertaco91 likes this.
  16. Jan 27, 2021 at 6:23 AM
    #2316
    chetterthecat

    chetterthecat Well-Known Member

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  17. Jan 27, 2021 at 6:25 AM
    #2317
    chetterthecat

    chetterthecat Well-Known Member

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    Why would melvin tell cnbc this morning, that yesterday they got out? Could it be they saw what happened over night?
     
  18. Jan 27, 2021 at 6:26 AM
    #2318
    chetterthecat

    chetterthecat Well-Known Member

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    Buy now and hold the line till 1000+
     
    98tacoma27 likes this.
  19. Jan 27, 2021 at 6:27 AM
    #2319
    Ironside

    Ironside Well-Known Member

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    to scare people into selling their shares, obviously
     
    slcsez2000 likes this.
  20. Jan 27, 2021 at 6:27 AM
    #2320
    TacooSaucee

    TacooSaucee Well-Known Member

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    AMC hit +400% at one point this morning...unreal day for those that held overnight.
     

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