What will tomorrow bring? Will $GME (Gamestop) go to Mars and everyone's favorite crypto, the lovable Shiba faced Doge, go to the very Moon and hit $1.00? Who knows, it was trading at 0.044 this afternoon before falling to 0.038. Woof.
In the meanwhile, Melvin Capital's lost a reported 53% on it's investments in January, that's around $6 billion vaporized in blown up shorts, not least the now fabled $GME. More hedge fund pain's surely soon to follow because an autist army of raiders, backed up by a few billionaires, are HOLDING THE LINE and not selling. There's apparently plenty of uncovered shorts out there yet to plunder.
According to Millionaire Socialists like Elizabeth Warren and assorted shills in the lying, corrupt, venal, mendacious, aggressive, smug, hypocritical media this is nothing less than an act of violence by white supremacist, anti-semite extremists. Like, how dare they attack our sacred Hedge Funds of Progressive Democracy!
Come on, Commies, shouldn't you be against our stratospherically wealthy Oligarch Overlords? Apparently not, and to be fair, it's not easy being a Millionaire Socialist without millions of dollars to make it happen. But here at the Compound we have a different take. In the words of the Apostle (Eph 6:12):
For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
6 comments:
I look at it this way: If I don't have physical possession of it, I don't own it.
A friend who is knowledgeable about these matters wanted physical gold from whoever he was dealing with. I took them a few days and, while the value was there, what he held "on paper" didn't match what he received. He has since changed his strategy and demands physical gold every time.
Then there's all that gold in a London vault found to actually be gold plated Tungsten. They can keep that game.
And when they're pushing hard on TV is not the time to buy it
That aside can you help me LSP? I went all in on GME at 350 at the open and now it's at 212.00 !! Hep Me! Hep Me !somebodies Hep Me ! -Cleavon Little
Just kidding.
drjim, there's great wisdom in that.
WSF, it looks like some people are scrambling to fulfill physical silver orders. Interesting. But me? Just going long $DOGE
Kid, word to the wise. Buy the dip, don't eat it.
But seriously, GME's holding in the 200s, which is remarkable. Maybe all those short positions haven't been covered and the real squeeze is yet to come. We'll see, in the meanwhile, let's see what comes into play tomorrow. GME in the 200 range has plenty of explosive potential.
Not that I have a dog in the fight, long DOGE :)
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