The GME Thread Part 1 for January 26, 2021

They are trying to shake you out... they look at the sell asks from the current price down to a lower target... then just sell enough to fill all of those orders, drop the price and cause a halt.

This scares the shit out of paper hands who sell when trading resumes. They buy those shares, let it rise. Then rinse & repeat.

Don't fall for this shit. The float is 140%. They wouldn't be doing it if they were not backed into a corner. They don't have the shares. We do. They are paying shitty car lot interest rates to hold their position. It's loss mitigation for them, not trying to get revenge.

Shares. Hold. Wait. Not financial advice. I like the company.

/r/wallstreetbets Thread