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Posts posted by Wally Fairway
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January 28 GME stock summary
Spoiler
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Interesting message when I get into my Fidelity account
QuoteAttention: Pricing for some Vanguard mutual funds reflects closing prices as of Tuesday January 26, 2021. Please use caution when placing trades.
So, apparently even Vanguard is having back office issues
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so it seems contagion has moved out of stock prices and into brokerages - what a fucking unreliable world we live in
I may have to become a prepper, and think about living off the grid. Can someone recommend me a nice underpass in the Austin area?
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Schwab is borked
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Marketwatch article with a list of companies with 30% or more short
Spoiler
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4 minutes ago, Kennythetiger said:
Dad?
Wtf do you want son?
1 quick question to determine if you are my son
On a scale of 1-10, how bad did you fuck up when you were younger?If you answer anything less than 11, then you aren't one of my kids (at least the ones with kids of their own)
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9:30am San Diego time - Jordan, Phil and Xander tee it up
Any expectations for Spieth? Interested to hear/see what he's been working on (hopefully something to eliminate the both ways miss off the tee)
My bar is pretty low, make the cut, no triples or quads (or worse), top 25 would be nice -
16 minutes ago, Doc Reeves said:
I can’t imagine doing anything like this. My mom is getting older and a bit crazy, my wife is a handful and I have twin 3yo daughters. I have enough women in my life. I’m barely hanging on.
Bingo - I've always said that the last thing I need is one more person that thinks I need to make them happy. A wife & 4 kids was enough for me
Doc, keep in mind that the pot of gold at the end of the rainbow is grandkids. Sure they are years down the road for you, but it is really worth it; much better than raising kids.
It's almost like grandkids are a gift from god, a gift for not killing your own children.-
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21 minutes ago, ZB'Tejas said:
You have to be an autist

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Just now, B00M said:
You're saying I shouldn't have emptied the 529 accounts?
528, 529 whatever
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43 minutes ago, MoJames said:
Assuming it is way too late to jump on this train?
I thought that when GME hit $100
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21 minutes ago, Anastasis said:
So what is going to break this gamma situation? Expiration on Friday?
I don't know how to tell you this but there is an options expiration on every Friday, so lacking somebody covering shorts or prices falling, or just leveling off, gamma doesn't stop until there are enough shares for sellers of calls to buy to cover the obligations for in the money expirations, Next Monday will be crazy again if prices hold, as somebody has to buy shares to deliver, and there aren't enough so the price goes up (to the moon)
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4 minutes ago, 52-80 said:
in the "early days" of this rally (defined as January 25th), I bought a 100C for $2475 that I flipped in 20 minutes for $3095. It's worth 26,000$ right now.
no lookbacks!!!
thanks for posting this, it serves as a reminder that I would not have held all of the calls that I was looking at, and failed to launch
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2 minutes ago, Trey3216 said:
Maybe, just maybe, the only thing that will unwind everything is if they run options out to $2500 or $5000. The premiums would be so absurd that people will have to raise capital to purchase them (they'll sell shares or other options). This will loosen the noose to a point where it will eventually get back to a more sensical zone.
Just reading this makes me weep, for the calls that I did not buy
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3 minutes ago, Anastasis said:
So what is going to break this gamma situation? Expiration on Friday?
2 minutes ago, Bone3421 said:3 minutes ago, Anastasis said:So what is going to break this gamma situation? Expiration on Friday?From my basic knowledge nothing until the shorts give up or wsb/retail sells shares
Shorts can be squeezed out by margin calls, collateral requirements, or having the shares called - all of which are very expensive losses.
But that doesn't stop the gamma squeeze, and the autists continue to buy options seemingly to infinity; knowing that it just perpetuates itself week to week as long as there are more in the money options expiring than there are shares to cover.
Market makers have tried to curb the gamma squeeze by releasing increasingly higher strikes on options.....only to see the stock price blow through those options and suddenly everything is in the money again.-
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4 minutes ago, Bone3421 said:
Here comes the power hour rally....
$
400$500$600 or bust -
BBC with an article today about GME/WSB David v. Goliath
https://www.bbc.com/news/business-55817918
QuoteVideo games bricks-and-mortar retailer Gamestop is arguably something of a relic in a world moving online.
But its share price soared another 120% in Wednesday trading in New York.
Analysts blame tech-savvy young day traders, who they say are taking on hedge funds in a conflict with generational overtones.
And the phenomenon could be spreading to Europe, with several stocks subject to unusual fluctuations in Wednesday trading.
It's a battle between Wall Street pros and upstart investors using social media platforms such as Reddit, analysts say. And at the moment, the upstarts have the upper hand.
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Is there something going on to cause the market decline, or is it all contagion?
Asking for a couple of friends, friends who seem to be only watching the short squeezes and posting on message boards?
Do you wonder who Wally is talking about???Spoiler(if you have to ask, then yes I'm talking about you)
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19 hours ago, Wally Fairway said:
Remember when it was crazy that GME hit $150, yeah that day was just yesterday.
It just hit $247 in aftermarket trading - what number is unbelievable to you? $400, $500, $750, $1,000I kinda feel bad for people at GameStop who have unvested options and just know that this shit can't last until they could cash in; I'm too lazy to look but it would be interesting to see how many unvested options there are, and if they could trigger somehow to allow people to benefit (and likely increase float by a small percentage.)
Remember when I thought about buying $80 GME calls, but they were pricey, yeah that day was yesterday
What a pussy move to not buy at that point, when the stock was in the mid-90's
I didn't really need that extra $20,000+ per option
I'm also glad I didn't buy APPL when they introduced the iPod, and again with the iPhoneI only charge $9.95 to tell you what I'm not investing in
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Add to the list from @Blotto
ALPP is down $.42 today (almost 10%)to $4.09, but that is still from $3.60 at 12/31/20 -
all of GME options are currently in the money
every day they open new options with strikes past the prior days close, and the next day it rockets past themRinse, wash, repeat
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I have to get ready for auditors coming out next week, do you think I can get an excuse from /reddit that I was to busy to get my work done?
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This kinda reminds me of Black Monday, when you really didn't know what the real prices were because they were moving so fast
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Schwab has GME options prices back up, but it looks off
Options now go up to $320 strike - I'd buy some puts, but it's a little pricey $200 for June $320 strikes



Surly #Stonks
in Business and Markets
Posted
RC says its a buy; track record means surlystonkers follow (if they like profits)