wazzap24

Brown hair on top, firewire down below.

He’s brilliant.The ‘every lie incurs a debt to the truth’ scene in Chernobyl, is one of my favourite TV moments of all time. Doesn’t have much luck getting people to listen to him though does he

Amazon Prime.

@Genie This is a pretty decent article on it, although this guy suggests the latest squeeze is not down to short interest, which goes against what I have seen on Reddit. He also notes he expected it to be over by now and it isn’t, so they don’t know as much as they claim. https://www.forbes.com/sites/georgecalhoun/2021/03/10/gamestop-the-second-surgeanatomy-of-a-gamma-swarm/ Or, just watch this. It’s much more entertaining.

Personal opinion is personal opinion. There seems to be a lot of people who disagree. If this supposed ‘Gamma Squeeze’ happens, I think it will be pretty important.

I’ve been pleasantly surprised with ‘Resident Alien’ on Sky. I expected it to be a bit cheesy, but it’s surprisingly funny and the lead actor is great in it.

In oversimplified terms, a small group of people on WSB noticed that GME had a massive amount of short interest when the price was around $10-12 per share. The suggestions was, hedge funds were trying to force the share price right down and had ‘bet’ massively on doing so (there were some suggestions they had essentially bet on bankrupting GME) So they started buying and holding shares. lot’s of them. The technical bits are beyond my current knowledge, but essentially the HF’s couldn’t short the shares as the retail investors wouldn’t sell them, so the price started to push up. Melvin Capital held the biggest short positions and they lost 53% of their value in Jan due to this. https://www.cnbc.com/2021/01/31/melvin-capital-lost-more-than-50percent-after-betting-against-gamestop-wsj.html The huge increases in price and subsequent crashes weren’t orchestrated by WSB at specific times, they just held the shares and didn’t sell them. The market conditions caused the squeeze. The price then dropped because the market closed and a load of shares were dumped, WSB did not organise the drop . After the initial squeeze a few weeks back the share price plummeted from $450 to $50. Then there was a hearing in the states on it and Keith Gill had to give testimony. Straight after that testimony he doubled his holding in GME (in hindsight, this is where I should have grown a pair and stuck some cash in) and further analysis suggested the short positions were far from being covered and this would go again. Which it did. Now the suggestion is it will again, but this time the price could hit $1000’s. It’s really, really interesting and worth reading about. It’s historical and could be one of the biggest events in the stock market ever.

That isn’t accurate dude. I don’t know what you have read and where, but this isn’t a pump and dump. The GME thing is a unique set of circumstances around shorts. I’d highly recommend reading the original analysis done by Keith Gill (Roaring Kitty/DeepF**kingvalue) and others on Reddit. My knowledge is still reasonably limited, but it isn’t what you are describing. People can say what they want about WSB (not a pump and dump group/forum either BTW), but they were right. I’m no conspiracy theorist, but when you read the details, it’s pretty easy to see why the media have rallied around on it and come with a load of nonsense. A small army of retail traders have had their pants down. They’ve already proved they were right, the stock went from something like $12 to $450, back to $40 now trading at $250. There’s more analysis to suggest this is now going to be one of the biggest squeezes ever and bigger than the VW squeeze in ‘08.

There will be a movie about this.

It might have been the drugs, but I was pleasantly surprised. I went in expecting it to be complete shite, but I thought it was ok. A few laughs, some decent nostalgia, Wesley Snipes and the Barbershop guys were the standouts. A narrowly avoided car crash, rather than the 10 car pile-up it could’ve been.

“Put down your fists and him with the shovel” Shaun Ryder

Having implemented a new approach of not reading reviews before watching a film, we gave ‘Capone’ a go. I wish I’d read the reviews. Hardy was good, the film was not.

Looking forward to that, loved Baggio when I was a kid. Proper player. Unrelated, but Bruno V Tyson on Sky is half decent. The pain in Bruno’s eyes during his panto run and when he was called an ‘Uncle Tom’ made me well up a bit at times. I’d forgotten how close Bruno actually came to knocking Tyson down in that first fight and I’s also forgotten how badly Tyson bashed him up in the 2nd.

I had the Oxford AstraZeneca vaccine yesterday. Woke up this morning and feel like I did when I had the flu-jab a few years ago. Nothing major, but quite achey across my arms, back and neck - kind of like that feeling when you have a bad cold coming, but without the other symptoms. Good excuse for a day off work.

Game Stop up another 95% today so far. It was trading at 46/48 2 days ago ago, currently at 179. I wish I knew more about this and had the balls to hold for longer yesterday.

I read quite a few of the detailed posts on WSB. If you cut through all the ‘Apes holding’, ‘Diamond Hands’ and Rocket emojis, there are clearly some people who know their stuff on there. I don’t understand all of it, but they were adamant the short interest hadn’t been covered and some were arguing it had potentially gotten worse. I’ve made a little bit today, but I got in too high a couple of weeks ago and was scared to hold on for too long! Interested to see what tomorrow brings.

Game Stop up over 100%, trading halted again. Seems Wall Street Bets were onto something after all.

I was one of those angry people. It was down for over 8 hours. Didn’t have a massive effect on me as I don’t have a huge amount invested, but enough that not being able to make trades on a very volatile day was a problem. I had plans to buy some crypto after the correction and missed the chance. I’d have made a decent few quid on current values.

US office is next for me after I finish CYE.

I started ‘Curb Your Enthusiasm’ a few weeks back. I don’t know why I’d never watched it before, but the pilot was on Sky, so I gave it a go. It’s fecking brilliant!

I watched a bit of the Game Stop hearing with the Roaring Kitty/DFV guy and the guy that owns the Robinhood platform. It was quite interesting. I’ve seen some info on Reddit and elsewhere suggesting it’s not over yet. I’m new to it all, so don’t really understand too much, but the suggestion seems to be there is still a massive amount of short interest. DFV/RC/Keith Gill has posted a screen shot which seems to suggest he’s put more money into it.

Yeah, I’ve definitely got that the wrong way round so far!

I started having a muck about with a few quid a few weeks back. I’m up on closed trades, down in my portfolio, but feck me - it’s bloody addictive, much worse than having a punt. I’ve become borderline obsessed pretty quickly and it’s a good job I only had a relatively small amount of cash to throw at it.

My 23 year old son got a call yesterday to go for his jab today. No underlying health conditions. He suffers with moderate/severe MH depression, but nothing physical. Seems a bit random?!

Same here. Supposed to go last Easter Got most of the money back, but still stood to lose nearly £2k unless we re-booked fingers crossed!