GME

[KateMoloney]

Hey guys.

GME is on a run again, aparently because “roaring kitty” has posted on Twitter.

I am taking it off my trade list for now. Its up 300% this month.

[KateMoloney]

https://www.theguardian.com/business/article/2024/may/13/gamestop-shares-roaring-kitty

[KateMoloney]

AMC is up as well.

Put your investment condom on people!

[JulianCohen]

The main issue is getting a fill. Instead of being filled as per the backtest and making 25% on a short yesterday, I got filled and made -1% instead.

[Nick Radge]

I had a short signal and overrode it. Good to know you didn’t get the open Julian – at your expense I feel a lot better 

[KateMoloney]

I had a short signal as well and would have made 22% over night – but I’m glad to be out of it.

Lots of trading halts going on and roaring kitty still posting on twitter.
They are calling him the new Warren Buffett !

[GlenPeake]

A have some Long orders for my MR systems for $GME tonight…. LIMIT price in the mid $20’s…..

I’ll let the system do it’s thing and then see if they get filled…..

[JulianCohen]

Long probably won’t be an issue, but shorting is tough when there’s no stock available until it hits the low of the day and then you get filled…

[ArthurHill]

Too volatile for my heart! I added a volatility filter to weed out meme stocks. HHV of the 5-day Standard Dev.

[KateMoloney]

Thats a good idea!

[GlenPeake]

My MR’s picked GME again this week, entry circa $23.50 for a multi-day hold….. will be sold on next OPEN.

Currently circa +30% gain….. I didn’t even bother looking at the tickers prior to placing the orders.

(Fair enough to cull the orders on the Short side, I’d probably do the same, or manually reduce the position size)….

I just close the eyes and keep pushing buttons.

[Author]

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