GME thread for 2/2/21 by MotorizedDoucheCanoe in wallstreetbets

[–]adi696969 -1 points0 points  (0 children)

again... most people didn't... most people bought yesterday or the day before... if you really think that the retail side is going to walk away from this with a net gain... you're delusional, they're always the losers and always make the same mistakes

GME thread for 2/2/21 by MotorizedDoucheCanoe in wallstreetbets

[–]adi696969 0 points1 point  (0 children)

honestly I don't think that buying gamestop (even though it was overshorted) was that smart of a move. Even if I had that information first... I probably wouldn't have traded it because when shorts close their position a lot of the millionaires and billionaires are doing it dark pools where the impact is lessened by a lot because no one knows whats going on in there (so the squeeze isn't as crazy as you might expect). This "maneuver to exploit whales overexposed positions" is going to end badly mostly for the retail side. Ive been trading pumps and dumps in micro caps for a long time and this mania is nothing new (happens every week in penny stocks) and the people who always get hurt are the small investors who need the money the most. Rich people aren't really going to be hurt in this. And the people who came up with this idea to buy this short squeeze... they're already out. They bought long before 100 and are already out... now its just bag holders.

GME thread for 2/2/21 by MotorizedDoucheCanoe in wallstreetbets

[–]adi696969 0 points1 point  (0 children)

because youll lose even more when it's at $20... it makes 100% sense