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colonelmustard

Game on !

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Seems like Good news,  that people are waking up

But it is rare when they win against the Hedgies in a short battle

"A Big US versus Them fight"

Ep. 1446 This Story Should Be Made Into a Movie - The Dan Bongino Show

https://rumble.com/vde2gf-ep.-1446-this-story-should-be-made-into-a-movie-the-dan-bongino-show.html

"the collective cabal of elitist snobs is marshaling its forces against us"

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If you had to trade GameStop now, this is how to do it – Gareth Soloway   >

GME ... 1yr: 10d / Last: $325.00 + $131.40

awNlyC6.gif

https://stream2.kitco.com/21_01_29_Soloway_liferay.mp4

He's SHORT 60 shares, and "wants to be able to tell his grandchildren he participated"

While GameStop still has upside to $500, traders need to be aware that traditional technical and fundamental analysis has limited use in this type of a situation, said Gareth Soloway, chief market strategist at InTheMoneyStocks
“When you get into these types of market environments you have to realize that technicals don’t matter anymore, and fundamentals don’t matter anymore, and as a trader you have to recognize that and stand back,” Soloway said.

> LINK: https://www.kitco.com/news/video/show/Market-Analysis/3192/2021-01-29/If-you-had-to-trade-GameStop-now-this-is-how-to-do-it--Gareth-Soloway#_48_INSTANCE_puYLh9Vd66QY_=http%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis

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He says it is consolidating in a $ 30 range...lol...hardly surprising when multiple brokers only allow investors to sell.

Incidentally I haven't got any skin in this game.

I am just fascinated to see it being played out.

 

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Yeah.  I'm in... without planning to be.

I own a load of Silver & mining shares, and they nearly all been bid up 25-50% in the lats few days.

Serendipity!

 

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Reddit GAMERS & Robinhoods moved the Cannabis market

C:*MKTPOT - Cannabis Summary for Feb. 11, 2021
[2021-02-11 20:33]
Tilray and others plunge as the Reddit rally runs out of steam (or cash).

Spyder Cannabis makes a curious dart upward. Columbia Care is raising $25-million mere weeks after raising $149-million, and Canopy Rivers talks up its quarterly financials.  more...

The S&P/TSX Cannabis Index plunged 107.82 to 291.12, while the CSE Composite Index lost 55.41 to 975.53. Cannabis stocks crashed as the Reddit rally fizzled. Notable losers included Tilray Inc. (U.TLRY), down $31.75 (U.S.) to $32.16 (U.S.) on 211 million shares, along with its merger target, Aphria Inc. (APHA), down $12.01 to $21.36 on 30.1 million shares. As well, Medmen Enterprises Inc. (MMEN) lost $1.05 to 60 cents on 66.9 million shares, Organigram Holdings Inc. (OGI) lost $3.06 to $4.56 on 31.8 million shares and The Supreme Cannabis Company Inc. (FIRE) lost 9.5 cents to 40.5 cents on 146 million shares. Each of those three tripped the single-stock circuit breaker on the way down. Organigram managed to trip it twice.

There were still a few favourites among day traders. Little Spyder Cannabis Inc. (SPDR), for example, reached an intraday high of 39 cents before closing at 17.5 cents, up 7.5 cents, on 29.6 million shares. Two days ago it was worth 3.5 cents. Its only news in recent weeks had to do with a $200,000 loan that Spyder arranged in January and is using to repay a separate debt of $189,217. When Spyder is not borrowing from Peter to pay Paul, it sells cannabis, electronic cigarettes and vaping accessories out of five stores in Ontario and Calgary. It has negative operating cash flow and "going concern" red flags dotted about its quarterly financials.

> https://www.stockwatch.com/News/Item?bid=Z-C:*MKTPOT-3031095&symbol=*MKTPOT&region=C

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One friend, has what he says is a Better idea:

PLTR / Plantir > see chart

1jlueMd.jpg

HUGE VOL, on this stock, so how to trade it?

Original idea, when the stock was $32

"Maybe sell PUTS, if you can stomach the risk, & are willing to own some...

The $2.94 you get paid for Feb call, can be used to pay part of the price of a March call. 

Look for one which has a  $2.94 or so, Time Value.  maybe you can find one

Then think about how that position will play out, and the flexibility it gives you."

PLTR at $31.91, so $32 is ATM
Strike: Feb.19== > Mid > Pct. / Mar.19 == > Mid > Pct.
PUTS
$35P: 4.80-5.25: 5.03, 00.0%
$32P: 2.83-3.05: 2.94, 9.21%
$30P: 1.80-1.87: 1.84, 00.0%
$25P: 0.32-0.34: 0.33, 00.0%
====

maybe use the premium from PUT sale to subsidize the cost of Calls, covering the TV
CALLS
$35C: 0.00-0.00: 0.00, 00.0%/ 4.10-4.20: 4.15,
$32C: 0.00-0.00: 0.00, 00.0%/ 5.10-5.20: 5.15, 16.1%
$30C: 0.00-0.00: 0.00, 00.0%/ 5.80-6.15: 5.98,
$25C: 0.00-0.00: 0.00, 00.0%/ 8.25-8.90: 8.58,
====

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(CRAZY STUFF... in the Crazy commodities market):

Singapore freezes two firms' bank accounts after alleged nickel fraud

Reuters |

HANOI/SINGAPORE, Feb 22 (Reuters) - Singaporean authoritieshave frozen the local bank accounts of commodity trader EnvyGlobal Trading Pte and Envy Asset Management Pte following aninvestigation into their nickel trading, Envy Global Tradingsaid on Monday.

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As Wednesday began, it looked like any other day for the stock that has come to be best known as “GME” by its followers. It opened at just under $45 per share – vastly down from its highs during the GameStop affair a few weeks ago – and continued trading that way through the morning.

But after the market closed, it shot upwards. It was up more than 50 per cent by early Thursday.

It was not clear why such an event happened. The last time around, the rapid increase was driven by a “short squeeze” – because so many hedge funds had bet against the stock, technical trading dynamics meant that any increase in price would be accelerated by them covering their positions – but analysts ruled that out this time around.

Reddit, which hosts the “Wall Street Bets” forum that has become a haven for investors who support stocks such as GameStop and other nostalgic businesses, went down just as the surge was beginning. It was not clear whether there was any connection between the two events.

https://uk.finance.yahoo.com/news/why-people-buying-gamestop-stock-140348155.html

 

 

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A Game Restarted?

Gentlemen, restart your engines?  update

uB4mIJN.gif

10d / Thu. $108.73 + 17.02, +18.6%

PWaxZUL.gif

LOOK at that HUGE Volume yesterday!  150Million shares

GameStop Shares Rocket 104% (on Wed., + 18% on Thu.)

Shares of GameStop surged in the final hour of trading, rising nearly 104 percent to $91.70. (& then tried moving still higher on Thursday)

Nearly all of those gains came in the final hour of trading when share prices moved up so quickly that they triggered a trading halt on the New York Stock Exchange.

> https://www.breitbart.com/economy/2021/02/24/gamestop-shares-rocket-104/

 

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Wow!  But who could know?

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