Still think TITNC3: Return of the Iceberg was peak

I tried to trick myself into thinking this. But nothing tangible points to anything good happening.

 

Trying to lower Gtii average.. trailing stop, nope, OTC... Limit set 1.65

 

But does something tangible point to anything bad happening?

 

Yes, the trend over the last couple weeks

 

Provide us some hard evidence that points to nothing good happening please? I'd love to read it because I've been studying this for months now and I can't find any reason why it isn't going to happen.

 

But its been flat. It's been up and down but at the end of the day it's flat. The only reason it looks as volatile is because of how much attention it gets. I held stocks for a year and looked at them every couple of weeks to see how they were doing and they were always up but if I go back and look at it day by day I will see some days it was up others down and so on. $GME isn't trading on fundamentals, it's much bigger than that.

Now to your pessimistic view - look at it this way. You've been holding this long. I don't know when you bought in, but it probably wasn't that recent. So now you are hoping to get back to even to get out. Then what. You watch $GME do 1 of 2 things. a) it goes down and you say phew glad I sold and didn't lose money, which probably isn't that much of a loss to begin with. They aren't going to go bankrupt and the stock won't hit $0, so you know you won't lose everything. Even if it does plummet you can pull the cord at any point and stop the bleeding. Now more importantly b) it goes up. and it goes up a lot. Then you are the guy in the conversation who says things like 'I had x amount of shares but wasn't patient enough and sold to break even, oh well maybe next time'. There will never be a next time. You've held this long, why not just keep holding? The reason you bought in hasn't changed, so why sell?

 

And you were right. You were going to start selling at 300, 400, 600. Now we are talking significantly more than that, but I’m not sure how. It got killed well before 1,000 the first time, then they let it run to 350 before killing it. I don’t see why it wouldn’t get killed again before it gets out of control.

 

That's where they screwed up. The vast majority of us would have unloaded at a hundred dollars or maybe a few grand, and this thing would be over and done with.

But they stopped it, and that gave people time to read, learn, and discover just how far Alice fell down the rabbit hole. Turns out she's still falling.

Hedge funds could have taken a few billion loss and kept on with business as usual. Greed and narcissism finally caught up to them and now the entire world is riled up and pissed off (well at least those that care about such things)

 

"The entire world" which is about 160k people on r/superstonk, 245k people on r/GME, and the vast majority of the 9.7M people on r/wallstreetbets.

But sure - if the handful of us here on TW are wrong, surely all those people are wrong too, right?

 

I was trying to figure out how to best phrase that, because in reality it's still a tiny fraction of the entire world. But we're seeing changes. There's been congressional hearings, public outcry, changes in rules by the SEC (mostly to cover their own asses, but it's something)

I guess more appropriately I should have said a few million people are riled up and pissed off, and pretty soon it's going to be a whole lot more once the dominoes start to fall.

And hopefully we don't forget, just like we forgot about '08 after a few years and let the criminals get back to business. Hopefully this time we can make some effort towards fixing the system, but I'm not holding my breath.

 

I wouldn’t say pessimistic, just looking at other outcomes. The hedge funds have all the data, they know where things actually stand. I bought in before the first run thanks to @kairo even though I thought it was crazy, 36, thought I could double and get out. Had all my shares sold out by 280. I bought back in this go round when it had some momentum, avg is 122. I’m not saying I don’t think it can have another run, I’m just not sure why we think they’ll let it truly take off.

 

Read every single thing in here: https://old.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/
It'll take you a few weeks. If you're still not convinced, then probably nothing will lol

 

@kairo and @TreeFortRichard is it normal for options to increase in value as the stock decreases / trades sideways?

I've only been into options since January, but I haven't noticed this before.

 

I think everyone who doesn’t fully believe just has a gut feeling that if there’s so much corruption for so long what’s to say it’ll actually stop during this. I get both sides. There’s always going to be shady stuff happening and that’s the nature of humans especially related to money. But hopefully this is an awakening and starts to limit people screwing with the market in ways they shouldn’t.

 

Volatility is what we're looking for. Generally, lower IV corresponds to lower options pricing, and the opposite is true.

There's a number of things in the greeks that can affect it, however. I've had contracts increase in value while the stock is going down and vice versa.

If you're looking at GME, just like everything else associated with the stock, it's playing by it's own rules. I haven't looked at the options chain recently, but it would not surprise me at all if the April contracts are getting more expensive as the stock stays flat. That's the hype increasing demand.

 

Thanks for the info!!

 

Also, I can't think of a more obvious example of market manipulation than today. RC announced as chairman of the board, and the stock stays flat...

Yah, that's perfectly normal.

 

That’s way too much confirmation bias. It should be able to be put into 1 paragraph
Every old post has been edited because of new information, (they were wrong when they posted their DD) meanwhile the HF’s have had all the accurate data the entire time. So I’m only asking why it blasts to 1,000 and beyond this time and doesn’t get stopped at 300 or 500? That’s really my only area of confusion

 

I'll try to put it as simply as I can and maybe it'll make sense.

Let's say there's 100 shares of GME total. Cohen and his gang own 30, DFV owns 2, some institutions on the Long side as well as ETFs own 50.

That leaves 18 shares left owned by everybody else (retail)

But it turns out retail owns 300 shares. How is that possible? Well, that's the naked short selling. There's fake shares all over the place, and retail just keeps buying them like the dumb apes they are.

All shorts must cover. All of those shares need to be bought back. By law. If the short % is more than 100% of the float, boy howdy you got a problem. If it's 200%, 500%, 2000%? Well, now you're just plain screwed.

Why will the price go up? Because retail's shares must be purchased to cover the short interest, and retail has decided that they'd like to hold onto them until they're rich. And there's nothing anybody can do about that.

Edit: Of course it's confirmation bias. If I want to learn about WW2, I'm going to read books by the allied countries. If I'm smart, I'll also read books published by the axis powers, and then draw my own conclusions.

Problem is, in our scenario, there's no books by the axis powers being published. So we have to work with what we have available.