So Iβm an AMC shareholder, which means I own some of the business. Because the stock kept getting halted today I decided to go to my local AMC and support the stock by buying some concessions. I went up to the stand and told the casher (his nametag said Melvin) that I was a shareholder and wanted to support the business. He looked excited and told me to close my eyes and hold out my hand for a surprise shareholder treat. I canβt believe it, but he just covered my hands in liquid butter! Now Iβm typing this at home and cant get it off my hands, and my keyboard is all greasy typing this, What do I do?
So Iβm an AMC shareholder, which means I own some of the business. Because the stock kept getting halted today I decided to go to my local AMC and support the stock by buying some concessions. I went up to the stand and told the casher (his nametag said Melvin) that I was a shareholder and wanted to support the business. He looked excited and told me to close my eyes and hold out my hand for a surprise shareholder treat. I canβt believe it, but he just covered my hands in liquid butter! Now Iβm typing this at home and cant get it off my hands, and my keyboard is all greasy typing this, What do I do?
GME short squeeze
Lets dumb this down for you apes:
- Let's say 5 banana's currently cost 10 dollar
- One ape on the market has 5 banana's
- Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). he thinks he can buy them later for less and give them back to ape, so he make's profit on the difference.
- Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed
- If group of apes stay strong then price will go πππ
Lets dumb this down for you apes:
- Let's say 5 banana's currently cost 10 dollar
- One ape on the market has 5 banana's
- Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). he thinks he can buy them later for less and give them back to ape, so he make's profit on the difference.
- Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed
- If group of apes stay strong then price will go πππ
Buying calls on Gamestop
I can't believe that after fifteen years of trading, my best trade of all time is going to be buying calls on fucking Gamestop.
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares theyβre trading/Iβm buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I donβt exactly know whatβs going on, itβs all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is βtoo irrelevant for the big stock marketβ. They are βaware of the past short squeeze, but one should no longer focus on GMEβ. They acted as if GME was some βchildish financial playgroundβ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how βGME is not relevant, please focus on stocks like Apple or Amazon to be safeβ.
I left the bank, buying more GME shares.
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares theyβre trading/Iβm buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I donβt exactly know whatβs going on, itβs all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is βtoo irrelevant for the big stock marketβ. They are βaware of the past short squeeze, but one should no longer focus on GMEβ. They acted as if GME was some βchildish financial playgroundβ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how βGME is not relevant, please focus on stocks like Apple or Amazon to be safeβ.
I left the bank, buying more GME shares.
I used to be a real ad