Reddit mtg market watch
![reddit mtg market watch reddit mtg market watch](https://i.ytimg.com/vi/fWevCFPt13A/hqdefault.jpg)
On January 25th, 2021, the price of the stock rose to $136.36 within two hours after the premarket opened, with the stock opening at $96 during the main trading session. Multiple memes based on the stream and generally about Citron Research were posted in /r/WallStreetBets in the following days. On the following day, Andrew Left's stream was raided by /r/WallStreetBets users, with the stream experiencing technical difficulties. Also on the same day, Redditor spike142 made a post "Citron's Biggest Mistake: They Announced that they would have a live stream, and provided the time and date." On the same day, Redditor SmollPpMaster69 posted the screenshot of the tweet to /r/WallStreetBets, writing "Shitron Attacking begins." and gaining over 23,000 upvotes in two days. On January 19th, 2021, Andrew Left of investment newsletter Citron Research posted that he thought those investing in the company at the current level were "suckers," announcing a live stream about the situation on January 20th. Prior to January 2021 events, /r/WallStreetBets built antagonistic relationship towards Citron Research in 2020 as the majority of /r/WSB users disagreed with Citron's bearish prognosis towards several stocks popular in the subreddit.
![reddit mtg market watch reddit mtg market watch](https://cdn-assets.fansend.com/thumbnails/Bulls-Knicks_90s_Rivalry_Gets_Dark_Gritty_Modern_Un-Clutch_Reboot__268x162.jpg)
On January 19th, 2021, Vice reported on the short squeeze. On January 17th, Redditor TitusSupremus made a DD post hyping up further buying pressure in the stock that gained over 12,900 upvotes (shown below, right).
![reddit mtg market watch reddit mtg market watch](https://assets.echomtg.com/magic/cards/original/101658.jpg)
On January 13th and 14th, DeepFuckingValue posted screenshots of their potential call earnings from their GME calls, with the January 13th post (shown below, left) gaining over 41,900 upvotes in ten days. During that period, multiple /r/WallStreetBets users made posts in which they prompted others to buy GameStop stock and options. The event served as a trigger for the initial leg of the short / gamma squeeze in the stock, with GME share price increasing from $19.95 on January 12th to $31.40 on January 13th to $39.91 on January 14th.
#REDDIT MTG MARKET WATCH SERIES#
This, along with hype about recently-released video game consoles like the PlayStation 5 and Xbox Series X sparked renewed interest in GameStop among investors, which had bottomed out at $3 a share in 2020 as many people thought the store would soon go bankrupt. On January 11th, 2021, Chewy founder Ryan Cohen joined the GameStop board of directors. On the same day, DeepFuckingValue posted his potential earnings from his GME calls, at that time valued at over 2.2 million dollars (shown below, right).įirst Short Squeeze / Gamma Squeeze Leg (January 11th – January 21st) On that day, Redditor namsilat made a "due diligence" (DD) post in which he advised buying on January 15th, 2021, call options for GME with a $9 strike price (shown below, left). On October 8th, 2020, the price of GME stock rose from $9.36 to $13.49, which caused /r/WallStreetBets users to take increased interest in the stock.
![reddit mtg market watch reddit mtg market watch](https://assets.echomtg.com/magic/cards/original/95636.jpg)
In September 2019, /r/WallStreetBets user DeepFuckingValue, aka Roaring Kitty, started making monthly posts of their January 15th, 2021, $8 call options in /r/WallStreetBets subreddit, mentioning Burry in one of their earliest posts. In the following weeks, several news outlets reported on Burry's investment. The subject of pardons also came up in earlier select-committee hearings, notably when former White House adviser Jared Kushner, husband of Trump daughter Ivanka Trump, testified that he had not paid particularly close attention to the prospect of a walkout by then–White House counsel Pat Cipollone because he was working on “[getting} pardons done” and when Trump legal-team member John Eastman was shown to have written that he’d determined he should be on “the pardon list if that is still in the works.On August 16th, 2019, hedge fund manager Michael Burry, known for shorting the 2008 real estate bubble, reported purchasing 3 million shares, or 3.3% of GameStop, citing the short interest of 63% in the company possibly resulting into a short squeeze as one of the factors affecting the decision to invest. 6 hearing: Trump hounded Justice Department to call election fraudulent Initially, more than one of the six or seven members named denied having asked to be pardoned by the outgoing president. It remained uncertain after Thursday’s hearings which members had actively sought pardons and how wide-ranging their requests were. The existence of such pardon requests had been speculated upon, and referenced in earlier hearings, to the degree that it was something of a parlor game on social media to predict whose names would become associated with requested pardons in the final days of the Trump presidency.