UPDATE GameStop's stock closes today at $347.23 per share; up from under $4 last year

Don’t be like Melvin Capital all the homies hate Melvin Capital

 

What does that even mean?

Anyways, you should watch Camelot331's youtube videos about gamestop. He has someone pretty high up on the inside, sending him inside information and recording meetings and sending them to him. He's got all kinds of juicy dirt on the company, and many MANY horror stories, as he worked for them for over 10 years.

 

The guys behind the /r/wsb subreddit are saying that Blackberry is next. Don't know how true that is, but with stock around $20 each and some extra money in my account for once, I'm seriously considering gambling about $1,000 on their stock, and I'm aware it is indeed a gamble, no guarantee something like this is about to repeat itself at all, as this isn't normal at all, but I'm willing to take the risk.

 

I like the idea of stock market raids like this, but just know that it IS a form of "insider trading", and that martha stewart went to prison for it. Just be careful.

 

I suggest you watch the video I linked

 

This is literally not insider trading. That implies somebody within Blackberry has confidential information and is trading with knowledge the public does not have.

In this case, the public has no Blackberry knowledge. They're simply rallying around an idea.

Now, if you intentionally mislead the public in such a way, saying that Blackberry is releasing or doing something they are not -- in an attempt to raise their price -- that is manipulation and absolute fraud. That'll get you crucified by the SEC.

But what's going on here is neither insider trading nor fraud. It's literally a bunch of people rallying around the idea of "I'M GOING TO BUY A BUNCH OF STOCK AND THE NUMBER IS GONNA GO WAAAAAY UP". "Foolish trading" doesn't violate SEC regulations and is basically what's going on with AMC (and BB too, but AMC seems to be the real rally at the moment).

In the case of Gamestop, it was a double whammy since someone identified large hedge funds shorting the stock with no ceiling, and shorting more stock than what's available on the public market.

What's hilarious about Gamestop is its price is 100% detached from it at this point. Gamestop isn't even relevant in what's going on anymore. It's just a stomping ground of the masses BTFOing hedge funds.

 

Melvin Capital are just as bad as Gamestop themselves but in a different way. They are short sellers that preys on companies that are not doing well, and are betting a lot of money on this very notion to profit out of it. They would do everything they can to drive the companies' stock price below what the companies actual stock are actually worth.

Also, you don't need to tell me to watch Camelot331's videos. I have watched a couple in the past already. You should, however, check other videos about Gamestop stock (ie. not Camelot331's videos) as well.

Here's another video I suggest you to watch

 

Stock trading: gambling except a lot more people are bound to loose everything.

 

Don’t invest what you can’t lose

 

COVID is way ahead of you. Several dangerous variants showing up all over the globe, not just UK. The Brazilian strand looks """promissing""". Reinfection rates going up as well.

 

Im jn for 50 at $50 and im never leaving until my home is paid off

 

Microsoft came in clutch!

 

stonks only go up!!!

 

And that, boys, is what we call the reggie effect.

 

Jesus its right at about 300 right now. Of course its after hours so it may not open that high, but holy shit, that's insane, people are becoming multimillionaires off this shit.

 

It's even "better" than gambling because depending on what you do, you can lose more than what you invested.

 

Options baby!!

 

Kind of the same here. I noticed spillings over of this plan into other subs on reddit long before it was actually happening, but didn't really understand what any of it actually meant. Oh well, we probably still would have messed it up and lost a bunch of money.