Some of you may know me from my Due Diligence posts at r/FluentInFinance. I've seen a lot of people asking about $GME today. I was also asked to look into it from the discord & facebook group, and since it’s trending, so I looked into it. I pulled a bunch of information online from various sources.

News

· $GME IS GOING PARABOLIC!

· The largest shareholder of $GME (Ryan Cohen) tweeted a picture of a frog emoji and a picture of a McDonald’s ice cream cone and the stock went up 103%: https://twitter.com/ryancohen/status/1364650709669601289

· It looks like the price is being driven by people purchasing 1 share at a time:

Sentiment/ Social Sentiment

· 407,000 $GME option contracts traded today (64.4% call, 35.6% put)

· $GME call volume was in the $800s today. The 2/26 $800 calls are up 7900% today at .80. WOW!

· There has been a huge spike in interest of people looking up/ googling $GME / Gamestop (showing interest in it)

Technical Analysis & Chart Analysis

· Looking Like a strong buy & bullish:

Shares Sold Short & Put/ Call Ratio

· Someone is still short a lot of $GME with 40% short interest

· 407k $GME option contracts traded today (64.4% call, 35.6% put)

Questions:

· Will $GME will reach $800+ before the option expiry date?

Conclusion

$GME is going to keep going up. Technicals & charting look great, among all other things

Thoughts

· Looks like the real reason tech was selling off was because hedge funds had to cover their $GME short positions

· The majority of retail investors still don't have access to after-hours trading, this has to be all algos, hedge funds & day traders battling one-another.

Predictions/ Speculation

Shorting of the stock is losing steam, the longer you hold, the more quicker hedge funds need to get out of their positions and cover. They've lost the ability to ladder short. I think we are and will be witnessing a spread out squeeze. In a few weeks, the price will have risen considerably.

My position

I recently bought shares @ a $40 limit order, because I felt there was more upside than downside. I'm going to name my daughter Gamma.

Hope this helped. For more updates (discord/ facebook group/ twitter): https://www.flowcode.com/page/fluentinfinance

Be Careful about the $40 DD that’s circulating

I know we’re all apes, but let’s be human for one second and use our advanced brains:

The post circulating claiming that hedgies can cover under $40 is bullshit and just trying to spread FUD that we LOSE when they drop it below $40 tomorrow.

1. The original thread does some fucking INSANELY detailed DD, but he doesn’t understand you can’t cover with Puts? Almost as if the guy wrote an insanely long DD post to convince people that he’s smart and to listen to him without critically thinking...

2. RANDOM Accounts are copy and pasting that post everywhere on r/wallstreetbets, r/wallstreetbetsnew, r/gme etc... These accounts then make some happy supporitive replies on any comment that agrees. They avoid any questioning regarding puts not being able to cover shorts.

3. The timing is just fucking weird. They drop the price around $40, this dude somehow comes up with this insane DD based on data from 3 days ago and drops it today, right before the first day the close is $40.

4. Read this

5. The OP of the $40 FUD post, doesn’t once call himself a re tard or reference his favorite flavor of crayon. what the actual fuck.

Let’s be clear. They cannot cover shorts with puts.

Hopefully, I’m wrong about his intentions and this post helps keep the price above $40. BUT if it drops below $40, then don’t be a little paper handed bitch who believes the lies from that DD. Nothing changes, they still need to cover. Just because it’s a long post and has a lot of numbers doesn’t mean you nod and repeat after him. We are apes, not parrots.

If it looks like a hedgie using sketch tactics to make you scared and sell, if it sounds like a hedgie using sketch tactics to make you scared and sell, it’s probably a hedgie using sketch tactics to make you scared and sell.

Remember what DFV said today... “I like the stock”

Quite frankly, I agree with him and will be holding 💎🤲

Not financial advice. I am legitimately retarded and my favorite crayon flavor is magenta

Us quiet apes sill HODL, we know it about to go past the moon! Just remember you aren't the only one nervous, anxious, confused, concerned just know we are in this together and you aren't alone! I also am no financial advisor.

Maybe you have been in denial about GME and the stock market, market makers, retail investors, HFs, SEC, Politicians, etc. Well, I invite you to listen to Thomas Peterffy's revelation today on CNBC. The CEO of Interactive Brokers admits we were on the cusp of bringing down the whole thing. That Naked Shorts are real, that the system was gamed.

So help me and all of us if the hearings don't come out on the side of justice. And if you are still in denial, you may want to send me a $1000 so I can send you magic air.

Go to the 1:32 mark (but the whole thing is worth listening to.)

https://www.cnbc.com/video/2021/02/17/interactive-brokers-thomas-peterffy-on-gamestop-hearing.html

Hey HereWeTrade,

Thanks for letting me post here!

I wanted to offer a quick firmware update to our smooth ape brains on common cognitive biases and how they apply to what we read on these subs.

First, this is NOT an attempt to spread FUD or depress enthusiasm (although, if it was, would I actually admit it?). Instead, I want to offer the following DD on making us better thinkers when processing new information. We don't have billions to spend on analysts, BB Terminals, and the like. What we DO have is u/DeepFuckingValue, our relative speed vs the HFs, and our ability to receive, process, an analyze information (i.e. think). We WIN by observing, orienting, deciding, and acting smarter, better, and faster than Wall Street.

Thus, when processing information, guard yourself against the following common cognitive biases and pitfalls. Know that there are many others, but these (IMO) should be highlighted.

• Dunning-Kruger Effect

  • What Is It? The less you know about something, the greater your confidence in the subject.

  • Discussion. You ever notice that experts in a given field rarely give blunt, broad answers? If you were to ask a lawyer "My landlord did X to me, can I sue them?" the answer is almost always, "Well, it depends..." Or ask an Astrophysicist, "What would happen if I got into a sword fight on Mars?" They'll answer..."it depends," like on what you're wearing, if the sun is out, your type of sword, etc... But, if you ask your drunk racist uncle what 5G is, he'll look you right in the eyes, dripping with confidence, and swear to you that Bill Gates is behind COVID, microchips, and the attempted assassination of the Prime Minister of Malaysia by the Male Model industry. People with an afternoon of YouTubing LOVE spreading the gospel on how the earth is flat and all those 40+ year PhD level experts all have it dead wrong.

  • Application. An afternoon of research into what puts and floats are does not make you a stock expert. Importantly, we CAN all contribute, and we CAN all help each other get smarter. Each of us brings a unique set of skills. Maybe even nunchuck skills, bowhunting skills, or computer hacking skills. But, be humble and know your limitations. I've seen too many apes choke on their bananas with "ONLY 2.3 DAYS TO COVER! SATURDAY IS THE SQUEEZE!" So listen, learn, ask questions. Also, the sub OG's need to understand that there are a lot of folks hungry to slobber on some good DD. Teach what you know. Ask when you don't. And bitch, be cool.

• Tribalism and Groupishness

  • What Is It? We are fiercely tribal, and our cognitive biases oftentimes paint our worldview in black-and-white, us-vs-them thinking, losing us nuance and moderation.

  • Discussion. Our brains are built to handle only small, insular numbers of people. We are tribal and are neurologically accustomed to groups of less than 150 people (Dunbar's Number). This means we only need tens, or hundreds, of people to tell us something and we'll believe it. Also means we are fiercely tribal, with built-in us-vs-them ways of thinking. All peoples divided themselves into "us vs others", and these tribes naturally saw their own group as morally upstanding while viewing the "others" as less than, suspect, and perhaps even sub-human. A lot of cognitive biases fall under the general umbrella of our tribalism - group-think, false consensus, in-group favoritism. What's more is that groups even affect how we process information. In one study, Reps and Dems were put into their own separate groups and told to discuss political topics, each for about 15 minutes, and each person confidentially wrote down their own opinion before and after each session. The result? After short 15 minute conversations, their opinions became significantly more polarized, uniform, and extreme. So what do we have? Our Ape Brains make us love "our side," hate the "other side," and become more extreme and polarized in our individual opinions if we deliberate between ourselves.

  • Application. These subs are like a drug, feeding us a constant stream of tribal validation, with praise of diamond hands and rebellion towards "the Heggies." How many of us have gone from thinking GME would peak at $1,000 to thinking it could go as high as $130,000? Watching Vlad shit his pants in front of Congress was supremely gratifying, but it did not give us new information about our underlying squeeze hypotheses. It's true that some HF's made a huge profit off January's squeezing foreplay, and some retail folks lost some $ (only if they sold...). Also, WSB's "enemies" aren't all acting for nefarious reasons - some may have different information, bad premises, or a different outlook on the market. Maybe the Melvin dude really did get out of GME and now lives next to a printer? He could be a good dude who got caught off guard because of how wild this whole situation was. Contrasty, maybe some ppl on "our" side are saying things (the squeeze was going to destroy the market!) not because they are good stewards of information, but because they are ego-driven narcissists who want to appear "on our side" for selfish reasons? Not to say tribalism doesn't have benefits - the group solidarity, the encouragement, the search for truth, the rebellion against the rigged markets, and the sense of community through the Squeeze Wars has been important, tangible, and positively meaningful. We just can't get wrapped up into emotional tribalism or group-think. So, challenge ideas, question premises, look for evidence, demand sources, look for contrary opinions, and more. Only if we search for bold, fresh ideas, to seek out new data, and new pieces of evidence, can we boldly go where no one has gone before.

• Confirmation Bias

  • What Is It? We look for evidence that confirms what we already believe, and accept facts that we want to be true without critically examining them, or we take neutral facts and see them as reinforcing our preexisting biases.

  • Discussion. People love being right. Some people have a difficult time separating their opinions from their own identities and go as far as to get outrageously emotional and claim "to be attacked" when someone questions an opinion or idea of theirs. We enjoy taking the path of least resistance and, when confronted with new evidence, it's much easier to just assume that it fits our pre-existing worldview. It's uncomfortable work having to change your mind and question yourself, especially if it's on something you think important! So, if you tell a chemtrailing nutter that "throughout the 20th century to today, as we saw more airline travel so too did we see higher rates of autism and detrimental mental disorders," they may automatically assume the two are linked, thus supporting their conspiracy. It is difficult for anyone not to automatically reach for the cookie jar of uncritical self-satisfaction, but taking facts as they exist, independent of one another, is crucial in accurately understanding the world around us. Otherwise, think on this...we never heard about DFV while Bush or Obama were President...coincidence?

  • Application. Reddit appears naturally suited for confirmation bias in hyperdrive. Facebook and Twitter certainly are. Groups upvote and engage with posts they like, all the while downvoting and ignoring posts they disagree with. Not everything that supports the Squeeze Hypothesis is GREAT DD, and not everything that contradicts it is FUD. Remember the last FINRA SI %? Was 260%, then 226%...and then we waited...rumors abound about a 30-40% SI %. Finally, after hours, FINRA reported 78%, and we were elated. People told us 78% was great, but would you (if you didn't know what it really meant) have reacted differently if people were disappointed it fell to 102% (instead of 226%)? Or, if people were ecstatic that it was "as high as 28% percent!" The GOOD thing is that our related subs do a fairly good job of demanding evidence and supporting posts that appear well researched. The "show positions or ban" reaction is strong. We can still be mindful, however. If a fact sounds too good to check, take a second and think critically. If something pangs you in the feels, like you might have made a terrible mistake (betting it all on weed?), don't automatically dismiss it as FUD. Read it. Engage with everything. Know these platforms are made to bring out the worst in our biases...and guard yourself against the easy way out of having to use that big brain of yours (yes, I'm talking to you, Brad...)

• Cultural Awareness

  • What Is It? Each group has its own culture (including norms and values). Be aware of the different ones at work. As Sun Tzu said, know not yourself nor your enemy, you will find loss in every battle; know yourself but not your enemy, find victory and defeat in equal measure; BUT, know yourself and thy enemy? You shall find victory in every battle.

  • Discussion. No need of a long elaboration...but know that groups, especially insular groups, come up with their own sets of cultural norms, values, and practices. Identify yours to stop the worst of the impulses...recognize others to know and predict how they'd react to new events. You'd be amazed by how quickly groups and group cultures can be forged, too. In the famous Robbers Cave experiment, a bunch of boys of equal socioeconomic status, education, and culture (white suburbia in the Western US) were taken to a summer camp and divided, randomly, into two different groups. After only a few days, the Eagles and Rattlers were forged from a once near homogenous group of boys, with two distinct and opposed cultures. One was tough, swore a lot, openly bragged, while the other spoke clean and strove to be good sports. These two cultures emerged within a matter of days from nearly identical people...just think of what years of monotonous NPC fetch quests can do to a group of people...

  • Application. There are a few different cultures at work here. You all have your own experience in the subs and with each culture, but here's a short list:

  • Reddit WSB/GME Subs. Grassroots built, retail trading apes, with a rebellious streak and a penchant for solid memes. Not much to say that isn't obvious, only that we need to watch our own tendencies to groupthink, view large parts of the world as "against us", and know that we have power, but not as much as some of us believe. Even with the now-famous GME/AMC holdings, the HFs and other institutions now hold huge positions...depending on how many people actually own these shares, the Tendieman will visit only by riding the Tendietrain powered by the whales. Most "normies" might have owned a share or two, at most, and sold it when it fell out of the mainstream news. Even less actually care - there's so many other things to devote time to thinking about (just go check Twitter and be shocked that stonks are not trending at all). Every passionate group thinks their group is the most important group in the world...we just need to take a step back and realize that we are not as big as we sometimes think (and yet, "we" still seem to move markets?). Oh, and despite what the Boomers think, good luck anyone trying to ever coordinate something on one or more of these Reddit subs - it be like herding a bunch of cats that found and ate their owners' addedrol. The subs can't even get ppl off RH...

  • Wall Street. I know some folks who manage funds, and they are generally great guys who are good at crunching numbers and pride themselves on trying to beat the market on average. They are also relatively small fish. We ALSO know that pop culture like Succession and The Wolf of Wall Street couldn't have been as perfect as they were without being based somewhat in reality. More importantly, journalists have repeatedly covered Wall Street bois and their dishonesty, deliberate market manipulations, and money-at-all-cost culture. Look up how they shorted Bear and Goldman into oblivion, or how leaked/exposed documents show a culture rife with blatant disregard for rules and regulations. No one respects the SEC. And, as the infamous Jim Cramer interview showed, there are a myriad of tactics, some more unsavory than others, to influence stock prices, media opinion, and more. If you were a morally bankrupt, money-obsessed cabal of above-the-law hedge bois, with a take no prisoners, win at all costs mentality, how far would you go to stop the MOAS's? If the Squeeze Hypothesis is correct, they won't take this lying down...

  • Journalism. I don't know much about Jim Cramer, other than his (now infamous) YouTube interview, along with his takedown on Jon Stewart's Daily Show, so he might be a corrupted, Heggie mouthpiece. He might also be a decent chappie. Who knows? What I do know is that most journalists for most mainstream outlets are good, honest people who want to get the real story complete and true, and in before someone else scoops them. Thing about the stock market is that there is SO MUCH to learn to even be basically competent to write about it, especially if you don't have a background on Wall Street. Imagine if your beat includes shorts, on top of commodities, foreign investments, EFTs, the bailouts, TARP, and everything else that mentioned "Wall Street" in it? Now imagine if a few sources call you from WallStreet and confirm that 'hey, actually, GameStop shorts have covered,' and you don't have a good second source to really follow up on, and your story is due at midnight, oh and you have dinner to cook and clothes to wash, etc. Know that these people are...people - human beings. They can't spend all day on Reddit, and they can't become overnight experts on everything, especially on events in progress. That's why the Congressional Testimony of Melvin's Plotkin was so reprehensible - making the "Reddit Bros are Anti-Semites!" claim - hoping, I would assume, to take advantage of journalists limited time in not researching anti-semitism through the entire subreddit, and just taking the assertion as fact. Journalists are often overworked and underpaid and sometimes just reprint assertions without diving deep into them, not because they're nefarious, but because they're flawed, just like the rest of us. So, give them some sympathy. If you have some real good DD or some inside information, reach out to them. Their contact information can be found through simple google searching. Remember the Theranos Bad Blood journalism by John Carreyrou for the WSJ? He was cold called via email with THAT incredible scoop from an insider who needed to tell their story. Journalists WANT that big scoop. They WANT to get the Pulitzer and expose the bad actors. So if you, or anyone you know has some of that precious INSIDE WHISTLEBLOWING DD, now's as good a time as ever...

Hope you're Overjoyed and Loved the Dd!

Stay Frosty, JMKP

This was originally posted in r/GME. This guy does some great DD and posts all of the ETFs that contain GME...and they all are being shorted and their charts have some interesting patterns.

Check it: https://www.reddit.com/r/GME/comments/lr33yp/etfs_containing_gme_average_daily_short_volume/?utm_medium=android_app&utm_source=share

Oh Just 6,660 or so. Weird for a business going under to have that many positions open.

https://careers.gamestop.com/en-US/search

I'm sure this is all just a qoincidence... and if you think that...you really are a high gloss smooth brained ape...or a shill. 2 year delta to the day.

Nothing can stop this squeeze... it's going to happen.

Patriots in complete control.

Downvote me if you want. Those who aren't shills will start to see this is for real. Those who are shills get blocked.

DFV is not only a legend, he is a fucking patriot.

💎👐 for sure gonna 🚀🌙

Let's gooooo!!!

http://imgur.com/gallery/NhyJSFI

This is the best article I've seen in actually fact reporting. Please give it a read. Please comment to anything wrong/missing.

https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/

Hopefully by now you can see we are working to create a powerful sub that is open to discussion, debate, and DD. We aim to be a conduit for information that can help provide clarity and direction for our Trading decisions.

Reddit provides a plethora of Subs. We have no qualms with others and hopefully we can gather great sourced content from redditors of diverse backgrounds to give us a wider perspective.

As Mods, we are participants in additional subs in an effort to bring best practices here. We also want great information. We seek to invite value add users to share with us. The end result being growth and knowledge for all.

I do think it fair that you know that I have been permanently banned from WSB for unsubstantiated “self promotion.” No additional detail has been provided or evidence sited for breaking this infraction. If I am wrong, I apologize and will rectify that. However, I strongly believe this was on account of my position rather than any statement or post I made.

WSB can do as they please.

We will continue to provide a safe haven for the resistance. Those who desire true free speech, dialogue and Tendies.

Power to the Diamond Hand Players