Why the crazy stock action this week?

its possible.

Why are Hedge Funds Naked Short selling GME to 120% ?

Given the new COVID world, it was a safe bet to assume brick and mortar retailers were going to go bankrupt left and right.

Considering the whole country keeps getting faster internet, it's also safe to assume companies like Game Stop will suffer the same fate as blockbuster. People will order consoles online and buy digital games.

I don't know what the level 2 order book for GME has looked like this week, but it's hard to think WSB and social media could move the market this much.

Incredible week that we haven't seen in decades. Question becomes, will stuff like this become the new normal?

Reddit just trying to incite a communist revolution in any way possible

What goes up, Must come down. (Its not that crazy, just the reddit stock surges for gamespot, etc.)

Each of these "average joes" used their stimulus checks to purchase anywhere from 2-100 GME stock.

These average joes aren't out of shit except the stimulus they received. If you think about it... If this was a "coordinated effort" than the big whales and hedge funds would have let it ride our for example...

Average Joe spends stimulus check at the beginning of Jan.
GME $10 a pop
$600 stimulus = 60 GME Stocks
$1200 stimulus = 120 GME Stocks.

60 GME stocks at the beginning of this week = $18,000 USD.
120 GME stocks = $36,000 USD.

The whales where expecting these poor people to cash out on Wednesday and by Friday (TOMORROW) after all the selling the price would have dropped at least back to $40 or below.

If you notice Yesterday these people did not cash out. They just HELD which is why its such a big deal now.

The people holding and not selling know they will lose it all. They are doing this to cost the billionaires BILLIONS of dollars.

If this was coordinated the white house and media would not be going against this.

ANYONE BUYING THESE GME STOCKS RIGHT NOW KNOWS THEY WILL LOSE THEIR MONEY.

Its a big fuck u to the system.

Pretty much this. I was too lazy to type it out, Kudos AC.

Pedo Joe's fault!

Seems like a coordinate effort to create a cover story, just have no clue what for...

Was a FUCKING TOP DISTRACTION.

What happenned during this meaningless fucking shitshow which affected NO ONES FUCKING LIFE???

Melvin Capital is the hedge fund that shorted GME stock by 140%. (They sold more stock than exist.)

They have to buy back the stock by TOMORROW, the stock they did not own and sold for $20 per stock.

The only coordinated effort is the poor people standing up to the system.

If these people hold their GME Stock (meaning DONT SELL IT TOMORROW) it will raise the price higher and place Melvin Capital into a very bad situation because somehow not only do they need to buy it back for under $20 what they sold it for but they have to buy back 140% which only 100% exists not sure how much better i can explain this to u.

Melvin capital sold the stock at $20, expecting to buy it back for the millions of people who paid the $20 for less than $20 which makes Melvin Capital money.

Since the average joe is buying the stock and holding it it raises the price and now Melvin Capital have to buy it back at $300+ by TOMORROW or they have committed a felony.

It’s a shit stock...

Time to dump and leave

The next generation console release was a given that gamestop would at least survive, likely marginally profitable, for two years. This is common knowledge to most of us. We aren't going to all amazon a fucking xbox. Some key people overlooked it, others piggy backed off them. Not too farfetched. What's funny is that people are acting like these hedge funds are stupid enough to go broke on a gamestop stock. I don't care if a hedgefund got bailed out for 2.* billion dollars, that's just because they needed more liquidity for their next +EV investment. This is nothing more than a drop in the bucket to any individual on the wrong side of it.

convince me im wrong. OP's theory that they want the average joe to have big pockets during the collapse is absurd. if any of that were true they wouldnt have done everything possible to shut down trading during the inflection point. look, robinhood is trading gme again. why? cause you're a fucking idiot, bro

even if gamestop blows up, they will be fine.

since robinhood just started traded gme again, do you think it's to bait more people into it? that is plausible. op is just pissy he's not tech savvy enough.

bro im close to as stupid as you, but i figured it out today and threw a hundred bucks into the game. its a lot of fun, don't overthink it. i didn't gamble on sports today. there's a lot of us, and it's funny to take it from them as opposed to each other. you gotta get real though. lmao

Maybe they bought back the amount of GME they needed, if that is the case than that means them opening trading back up is bait to recoup money lost.

Maybe its a last attempt to scare people out of it and sell by tomorrow.

Like I said before Melvin Capital has to purchase the stock back BY THE END OF TOMORROW.

yeah i think they're fucked. there's the tiniest chance that its bait, but it's like quads odds in poker. i wouldn't put much of my bankroll (forgive the gambling jargon) into it at the moment, but only because you never want to be over exposed. i'm a dummy with stocks but i know how to gamble. having said that, this looks like the most fun anyone could ever have with a stock going into it.

Last moves to funnel the rest before the big crash imo.