I told you guys they would go after Roaring Kitty for GME manipulation

Change the names and how is this different than Warren Buffett announcing he has bought a stock?

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Change the names and how is this different than Warren Buffett announcing he has bought a stock?

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Uh...it's not.

When has Buffett done this?

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Change the names and how is this different than Warren Buffett announcing he has bought a stock?

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George Carlin said, "It’s a big club, and you ain’t in it. You and I are not in the big club. And by the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe."

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Buffett only talks about those transactions when the SEC report becomes public information.

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I think a better example is when a hedge fund takes a short position on something and then the head of the fund goes on MSNBC talking about why they shorted and also writes a ton of articles about their short trying to sway public opinion to drive the stock down.

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put on a dog and pony show for the low IQ

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Sort of you like you used to do here all the time lying about your vast RE portfolio that was two houses in the slums of a small AL town?

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Uh...it's not.

When has Buffett done this?

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Correct.

Another difference is, Buffett tends to build long term investment positions, not short term trading positions - which long calls necessarily are. Buffett’s use of options is typically not to buy calls, it’s to sell puts. Should the stock reach his short strike(s), that lowers his cost basis for a stock that he desires to own. He’s done this numerous times over the years to (quietly) build large equity stakes in various companies. And when it’s announced that he’s building a position in a particular company, the stock price often does rise. But it’s usually not a one day or one week trading event that would or should attract SEC attention.

Why? Because there’s no way that what he does could be suspected of being a pump & dump. Not saying that what Gill did was a pump & dump. But the technique that he used, with his tweets, certainly raised the eyebrows of many.

What I find more interesting about Gill’s (known) long call positions is how he plans to exit. His options are now deep in the money. Apparently he doesn’t have enough account equity to exercise, which he otherwise could now do at any time. So other than dumping the calls in smallish exit moves, he could also mix that technique in with some short stock strategies.

The dude started as a small player. But it’s obvious now that he’s sitting at the high stakes tables, and apparently understands some more advanced trading strategies. I’m not flying his flag, but I do kind of admire his game play. It’s the people who think that he’s “one of their own” that I feel kind of sorry for.

All love.

Ackman and Herbalife is who I was thinking of when I made that post

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Change the names and how is this different than Warren Buffett announcing he has bought a stock?

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Warren Buffett is shrewd.
Give the devil his due.

He uses US law to max advantage.
e.g., BH does not reveal positions outside of legal allowances.

Instead, they add to positions behind the scenes in advance of earlier position announcements which they know will drive pricing.

Buffett is not someone I'd share a beer with. He's no more honest, and nearly as conflicted as George Soros, IMO. His "my secretary's tax rate is higher than mine" schick drips with duplicity as does his Gates foundation philanthropy BS.