How to know we are in the middle of peak irrationality...

Or consider an essentially bankrupt GameStop business is short-squeezed up to a multi-billion dollar company.
Central Bank better keep those printer presses on...
Comments
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No idea how Gamestop is still a thing. Parents still buying hard copies for their young kids I guess. Will mostly be gone within 10 years with PC gaming becoming more mainstream and more stuff being bought digitally via Steam and other desktop launchers.
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The Gamestop thing is absolutely ridiculous.
Glad I got into it early -
As I like to say...don't mess with people who have Aspergers...
https://www.zerohedge.com/markets/citrons-left-says-firm-going-quiet-gamestop-after-angry-mob-committed-multiple-serious
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But still ....HoustonHusky said:As I like to say...don't mess with people who have Aspergers...
https://www.zerohedge.com/markets/citrons-left-says-firm-going-quiet-gamestop-after-angry-mob-committed-multiple-serious
Isn't this akin to someone having taken a huge position in Blockbuster about 10 to 15 years ago? -
Yeah, but knowing this guy I bet he was one of the main sellers on this short squeeze and made a killing. Dude is on another level.
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Let the Games(top) continue...
Gamestop should sell cheap tablets that only run the RobinHood trading app...would be appropriate for this market. And push their marketcap to $100 billion...
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Am I to understand people think GameStop has value? That's insane. What is it they actually do these days?
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Sell funko pops to gen x incels1to392831weretaken said:Am I to understand people think GameStop has value? That's insane. What is it they actually do these days?
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We aren't even at peak insanity yet...
Silicon Valley attacking hedge funds...its comical if it wasn't in our own banana republic... -
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It’s not clear how the story ends. Some professional analysts think the stock is due for a crash. Citron Research managing partner Andrew Left has argued the stock will fall to $20 per share. He tried to explain his reasoning in a livestream last week but couldn’t because his Twitter account got locked after too many people tried to guess his password. He posted the video on YouTube and said GameStop backers were sending pizzas to his house and signing him up for dating profiles. Left decided to stop bashing GameStop, citing harassment by the “angry mob.”dnc said:
Laughing my ass off...we live WAY too comfortably now. This is what shutting down the economy and sending stimulus checks to everybody gets you...
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Well, this and chafing, yeah.HoustonHusky said:Laughing my ass off...we live WAY too comfortably now. This is what shutting down the economy and sending stimulus checks to everybody gets you...
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GME hitting $202 in A/H trading...surely somebody at the Fed is going to catch a clue, right?
I know...who am I kidding... -
Missed this thread. Didn’t have GameStop in the title.
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Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
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All I (think) I know is, someone is going to take a fucking bath when this straightens out. Seems riskier than BitcoinNorthwestFresh said:Missed this thread. Didn’t have GameStop in the title.
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Bath? I think you may see a few folks jumping out of their high-rise windows in Manhatten...creepycoug said:
All I (think) I know is, someone is going to take a fucking bath when this straightens out. Seems riskier than BitcoinNorthwestFresh said:Missed this thread. Didn’t have GameStop in the title.
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Blood bath!HoustonHusky said:
Bath? I think you may see a few folks jumping out of their high-rise windows in Manhatten...creepycoug said:
All I (think) I know is, someone is going to take a fucking bath when this straightens out. Seems riskier than BitcoinNorthwestFresh said:Missed this thread. Didn’t have GameStop in the title.
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Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term? -
I don’t know much about finance other than I hit well on Grainger stock years ago when I worked there at $28/share and Zoom stock at $50ish. I want to learn here. I’m still pretty young at 44 and wasn’t a Finance Major. Grainger continues to grow and buy companies.creepycoug said:
All I (think) I know is, someone is going to take a fucking bath when this straightens out. Seems riskier than BitcoinNorthwestFresh said:Missed this thread. Didn’t have GameStop in the title.
$376 as share now. Perhaps should have stayed but it’s a nice nugget now anyhow.
Thanks for the informative forum, along with @DerekJohnson. -
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term?
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https://markets.businessinsider.com/news/stocks/how-retail-option-traders-are-supercharging-the-short-squeeze-in-gamestop-and-other-potential-bubble-stocks-1030006793NorthwestFresh said:
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term? -
New bored motto.NorthwestFresh said:
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term?
Creep?
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I'll consider it.pawz said:
New bored motto.NorthwestFresh said:
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term?
Creep?
The truth is, I learn shit every single day on these boards. This one, in particular, but also the others. -
My dad's last words to me were- make sure you learn something everydaycreepycoug said:
I'll consider it.pawz said:
New bored motto.NorthwestFresh said:
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term?
Creep?
The truth is, I learn shit every single day on these boards. This one, in particular, but also the others.
He died that night
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Very wise words to live by.RaceBannon said:
My dad's last words to me were- make sure you learn something everydaycreepycoug said:
I'll consider it.pawz said:
New bored motto.NorthwestFresh said:
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term?
Creep?
The truth is, I learn shit every single day on these boards. This one, in particular, but also the others.
He died that night -
You learned he was pretty fucking smart that day, so there you go.RaceBannon said:
My dad's last words to me were- make sure you learn something everydaycreepycoug said:
I'll consider it.pawz said:
New bored motto.NorthwestFresh said:
I don’t know what it means but I want to learn.creepycoug said:
Gamma Squeeze. That's going into the club's marketing materials.Sources said:Gamma squeeze is official. Some are predicting 1k+ before things settle. Just bonkers
You think anyone over in the Tug is using that term?
Creep?
The truth is, I learn shit every single day on these boards. This one, in particular, but also the others.
He died that night -
Whomever gets to take the bath on this one must not have the academis background they needed to not get fucked.
Gamestop.
lol