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re: People are "storming the Capitol" on the financial markets right now
Posted on 1/27/21 at 10:51 am to blueboy
Posted on 1/27/21 at 10:51 am to blueboy
quote:
They're buying put options as we speak. The GameStop price, artificially elevated, will fall harder and faster than it would have before. They will make more money than before.
Right now they are having to liquidate other holdings to cover short positions which is dragging down other stocks, they may make money eventually, but definitely feeling the pain right now.
1
Posted on 1/27/21 at 11:24 am to EA6B
quote:
Right now they are having to liquidate other holdings to cover short positions which is dragging down other stocks, they may make money eventually, but definitely feeling the pain right now
The point is, they have to survive. Most of these are $20 investors that would gladly pay it to sink the shorts so they can just hold it indefinitely.
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