Economy GameStop frenzy

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I was very fascinated when i found out about this incident and it kinda made me fall in love with the stock markets even more. I myself am a retail trader so here I'm in full support of them lol
The memes we're getting to see are hilarious though haha
The Indian rules and regulations for trading are stringent as compared to the US rules. We can't have such cases in India where a stock prize can have such a meteoric rise (more than 100%) in one day as there's a limit set on it which is 5%,10% and 20% for different counters.
Plus the concept of SLB (Stock Lending and Borrowing) is relatively new as compared to the US. Although people can go short/long on a stock which trade in the Future and Options category.
Let's see how this situation gets handled finally. Hoping for the best!
 
I think AMC might blow up as the pandemic wears down.

What do you think about SIFY?

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I saw Vox in the original post above and immediately thought :rolleyes: but that article covers it pretty well.

I think people have this image of the reddit guys as all gamer bros sitting in their basements trading 10-share lots.
But from what I understand, there are some pretty sophisticated people among them...the way they structured option trades.

I'm interested to find out what drove the market dynamics that led to certain price swings.
What's fascinating is the perception each party has, of themselves and of those on the other side of the trade.

From the article, subreddit moderator Stylux: "What you are seeing is conviction from some traders in the subreddit coupled with the pure greed of short sellers who had an opportunity to cover and refused to do so."
Lol, as if only one side is motivated by greed. One side's pursuit of profit is "conviction" while the other side's is "pure greed."

One great element of the coverage of this phenomenon is the screen names of the users involved.
Can't wait for the Michael Lewis book/screenplay to come out some time probably in the next year. He always seems to capture some of the more colorful characters in these financial dramas.
 
I was in that subreddit when everything was going down watching everything in real time. It was a good time. The memes were excellent. I learned a lot that day, but I didn't actually participate myself.
 
Lol Busty... You witnessed the recipe for Disaster before it was served piping hot to us ha. Nice! :D
 
Gujjuguy said:
Lol Busty... You witnessed the recipe for Disaster before it was served piping hot to us ha. Nice! :D
Click to expand...

Yes and my social media feed was nothing but news about it, so I followed just about everything right as it happened. It turned into a HUGE mess. The subreddit got locked down because the billionaires were coming into it to tell people false tips and mislead people into losing money and lots of people were coming in to try and wolf of Wall Street themselves into it. It became total chaos.
 
Rallies in GameStock (NYSE: GME) shares as well as dogecoin (DOGE) and bitcoin (BTC) are piquing the betting interest of traders in China as much as they are in the United States.

https://www.coindesk.com/gme-dogecoin-bitcoin-china-fomo

Those three stocks rose tremendously but how had was dogecoin before if it is worth point zero four after going up six hundred forty seven percent?
 
It was like the size of a bacteria hair then it grew bigger by 647% to be like the size of a mosquito hair :D
But it's the % growth which really matters...imagine someone invested a 1000$ in Dogecoin earlier then saw it grow by 647% to 6470$ in a day or lesser!!
 
I wonder if today marks the end of it. $90 after hours and just $95 currently. AMC has gone way down as well.
 
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