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re: GME short squeeze

Posted on 1/19/21 at 6:37 am to
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30631 posts
Posted on 1/19/21 at 6:37 am to
Large short squeezes occur over weeks or months yea unless there’s a specific event to force the squeeze to occur. I don’t think VW is a great comparison. VW was essentially forced into a squeeze overnight. My best comparison for this is Overstock, which went from $2 to $120 in 2020 on mostly short squeeze. It took a couple months and didn’t have a specific hard trigger. But it also had a lot less short interest, so lower squeeze top

For calls I’d look for something like $50c 1/29, since that gives it a bit of time but you’re not gonna shell out too much. But IV is crazy right now so idk how it will react to the open today
This post was edited on 1/19/21 at 6:44 am
Posted by cgrand
HAMMOND
Member since Oct 2009
38955 posts
Posted on 1/19/21 at 7:00 am to
quote:

For calls I’d look for something like $50c 1/29, since that gives it a bit of time but you’re not gonna shell out too much. But IV is crazy right now so idk how it will react to the open today

y’all need to be real careful about taking investment advice here especially that specific. Upperdecker is suggesting what HE would do, not what YOU should do

a poster above mentions selling some calls in another ticker to take calls in GME. This is straight up gambling, which is fine, as long as it’s acknowledged here and we don’t get people just blindly following along with their money

shite like this can go south in a blink
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