Trading the stockmarket (NO Referrals)

fez said:
Whats bricks and mortar got to do with it? They are changing their business model to push online more. New consoles have just been released and a huge number of people have new consoles due to COVID and being stuck indoors.

Loads of companies come back from dire positions simply by tweaking their business model or making themselves relevant again. They may die a death in a few years but I don't like the idea that companies are being finished off by greedy traders.

A business should be doomed by their own actions or lack thereof. Not by a completely unrelated entity deciding that they are ripe for plundering and shorting the crap out of them to drive them into the ground.

Genuine question here. What would happen if 140% of GME shares were shorted and someone like Bezos came along and just bought all the available shares. I know its not that simple but theoretically he would have the shorters over a barrel. He could name whatever price he wanted per share no?
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What evidence that GME have the management talent to completely rejuvenate their business model away from brick and mortar stores and into a fully realised digital presence?

  • Do they have any expert knowledge in a fully digital store front?
  • Do they have expert knowledge digital licensing / storage / network delivery across the world?
  • Only EPIC have come close to competing with Steam. Is the market ready to accept yet another new digital rights holder and another place to store their games?
Walk into a game UK store today and it's a copy and paste of GME stores. Crap prices / 2nd hand games / funko pops and over priced gaming tat.

GME is massively overpriced right now. This is about the little man sticking it to the rich. Nothing more. Those that got in early and have either sold already or are in the process of selling. Will make bank. The rest will suffer.
 
I started buying in at $30, put $3k in between 30-50$. I'm hoping for a dip to $150-180 today then will probably put another $2k in, perhaps more.

What is not being talked about enough here is how overshorted the stock is. It's completely different to AMC, XRP etc etc. This is the stock we can really hurt them on I believe. When they realise people are still buying and holding and they start having to buy back their shorts the price will rocket. Maybe not $30k a share that some are hoping but it will at least see $1000+ a share imo.
 
Anyone know how I can remove indicators on T212 charts?

Say I add SMA but want to remove the line, I can't see any way of removing it without opening a fresh chart for the same ticker.
 
ColdAsIce said:
What evidence that GME have the management talent to completely rejuvenate their business model away from brick and mortar stores and into a fully realised digital presence?
  • Do they have any expert knowledge in a fully digital store front?
  • Do they have expert knowledge digital licensing / storage / network delivery across the world?
  • Only EPIC have come close to competing with Steam. Is the market ready to accept yet another new digital rights holder and another place to store their games?
Walk into a game UK store today and it's a copy and paste of GME stores. Crap prices / 2nd hand games / funko pops and over priced gaming tat.
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I'm not saying they are releasing a streaming service but they are apparently trying to move more of their business to online sales. They may well close almost all their stores in the long run. All of this is kind of irrelevant. This all started because GME was very very undervalued in the eyes of various people. They didn't invest in it on the assumption that they would somehow convince thousands of people on reddit to buy shares and drive the price up. They simply saw it as very undervalued based on the known position of the company.

ColdAsIce said:
GME is massively overpriced right now. This is about the little man sticking it to the rich. Nothing more. Those that got in early and have either sold already or are in the process of selling. Will make bank. The rest will suffer.
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Thats putting it very mildly. Its value is entirely based on the idea of short sellers having to make good on buying shares at some point in the very near future. I've never suggested its value should be anything around where it is now. Various people have suggested it should have been about 30-40 in a normal market.

I have no sympathy for either side if they lose money, I just have way way way less for the hedge funds involved.
 
ColdAsIce said:
What evidence that GME have the management talent to completely rejuvenate their business model away from brick and mortar stores and into a fully realised digital presence?

  • Do they have any expert knowledge in a fully digital store front?
  • Do they have expert knowledge digital licensing / storage / network delivery across the world?
  • Only EPIC have come close to competing with Steam. Is the market ready to accept yet another new digital rights holder and another place to store their games?
Walk into a game UK store today and it's a copy and paste of GME stores. Crap prices / 2nd hand games / funko pops and over priced gaming tat.

GME is massively overpriced right now. This is about the little man sticking it to the rich. Nothing more. Those that got in early and have either sold already or are in the process of selling. Will make bank. The rest will suffer.
Click to expand...

They've been bought over by Steve Cohen who owns New York Mets MLB team. He's brough a whole new team onboard and is modernising the business, closing retail stores and moving heavily into the worldwide online market. If they issue more shares and cash in on this massive share price then the company valuation could go up and up, especially if they use that money to start acquiring other businesses.

If Gamestop play this properly then it will help retail traders massively. Plus the hedge funds near bankrupting them by overshorting them so surely they aren't going to side with the hedgefunds... And Gamestop are shareholders too at the end of the day so it's all in their best interests.
 
im quite surprised that its maintaining a $230-250 especially with all the restriction on accounts, auto stop losses going on and the only 1 share per account allowed, shenanigans going on over the different platforms.
Its a really poor show by the institutions
 
Daze said:
They've been bought over by Steve Cohen who owns New York Mets MLB team. He's brough a whole new team onboard and is modernising the business, closing retail stores and moving heavily into the worldwide online market. If they issue more shares and cash in on this massive share price then the company valuation could go up and up, especially if they use that money to start acquiring other businesses.

If Gamestop play this properly then it will help retail traders massively. Plus the hedge funds near bankrupting them by overshorting them so surely they aren't going to side with the hedgefunds... And Gamestop are shareholders too at the end of the day so it's all in their best interests.
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Wrong Cohen. Steve Cohen founded Point72, one of the firms supporting Melvin Capital..
 
fez said:
Whats bricks and mortar got to do with it? They are changing their business model to push online more. New consoles have just been released and a huge number of people have new consoles due to COVID and being stuck indoors.

Loads of companies come back from dire positions simply by tweaking their business model or making themselves relevant again. They may die a death in a few years but I don't like the idea that companies are being finished off by greedy traders.

A business should be doomed by their own actions or lack thereof. Not by a completely unrelated entity deciding that they are ripe for plundering and shorting the crap out of them to drive them into the ground.
Click to expand...

GameStop chose to publicly list their shares. If they didn't want to be influenced by the markets, they should have retained private ownership of the business....or are you proposing that IPOs should only ever have upsides? You want taxpayer's money to guarantee a favourable stock price or something?

fez said:
Genuine question here. What would happen if 140% of GME shares were shorted and someone like Bezos came along and just bought all the available shares. I know its not that simple but theoretically he would have the shorters over a barrel. He could name whatever price he wanted per share no?
Click to expand...

The shorters would have to close out at some point if the don't have the capital or lines of credit to ride it out, and lose a lot of money....which is what has happened with GameStop.

At this stage, the only people that are going to lose out on GME now, are retail investors.
 
MORE SPEED said:
Wrong Cohen. Steve Cohen founded Point72, one of the firms supporting Melvin Capital..
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So it's Ryan Cohen we're counting on then to take Gamestop to the next level?

I haven't followed that side too closely. I think people are hoping he's what takes it to $10k+ then but I'm not too sure about that happening.

$1k+ with things going as is, is much more likely to me.
 
The one good thing from all of this is many more poeple are seeing jsut how messed up trading can be and exposing more of it.
 
Daze said:
So it's Ryan Cohen we're counting on then to take Gamestop to the next level?

I haven't followed that side too closely. I think people are hoping he's what takes it to $10k+ then but I'm not too sure about that happening.

$1k+ with things going as is, is much more likely to me.
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No, Ryan Cohen successfully turned around Chewy and had bought into Gamestop, before being announced as a board member along with another from Chewy earlier this month. That started more interest in Gamestop, but it is the short % which is still driving people's thoughts to it skyrocketing. Plus the trading volume in the last few days compared to the beginning of last week is vastly lower.
 
MORE SPEED said:
No, Ryan Cohen successfully turned around Chewy and had bought into Gamestop, before being announced as a board member along with another from Chewy earlier this month. That started more interest in Gamestop, but it is the short % which is still driving people's thoughts to it skyrocketing. Plus the trading volume in the last few days compared to the beginning of last week is vastly lower.
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Yeah it is the short position that makes this stock very different. Trading volume being low is good though, it means people are holding.
 
Irish_Tom said:
Anyone know how I can remove indicators on T212 charts?

Say I add SMA but want to remove the line, I can't see any way of removing it without opening a fresh chart for the same ticker.
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on the website version on the right side of the advanced chart you can X them off, no idea about the app
 
mid_gen said:
GameStop chose to publicly list their shares. If they didn't want to be influenced by the markets, they should have retained private ownership of the business....or are you proposing that IPOs should only ever have upsides? You want taxpayer's money to guarantee a favourable stock price or something?
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Where on earth did you get that from? If the market enters a deep depression from something like the housing crash then completely unrelated companies and industries will tank in value. Thats the nature of the markets.

I have not said at any point that companies trading on the markets should be exempt from downsides. Do you believe that sufficiently rich and powerful entities should be able to target publicly trading companies and negatively effect their future simply to make money? Do you think that hedge funds should be allowed to artificially inflate or deflate share prices in a way that is directly beneficial to their own profits.

mid_gen said:
The shorters would have to close out at some point if the don't have the capital or lines of credit to ride it out, and lose a lot of money....which is what has happened with GameStop.
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Exactly. Which is why short trading is so dangerous and should probably be heavily regulated.

mid_gen said:
At this stage, the only people that are going to lose out on GME now, are retail investors.
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Why do you say that? We can't be sure exactly what position they are in with regards to when they put the short in but there seems to still be a massive amount outstanding. What makes you think the hedge funds are out of this now other than their claims.
 
I need to bail on BP asap....

the CEO or whoever is a moron, just constant decisions that tank the share price

sacks all the people who were geologists etc that can find oil.
didn't want to go green fast enough, shell are beating them so the shares take a massive dip.
now BP starts selling off more oil assets and takes another dip...

he needs to make his mind up, you can't start selling all the oil and gas stuff if your not making up for it going green....
 
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