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Started By
Message
Isn’t this the perfect time to short GME?
Posted on 1/28/21 at 9:07 pm
Posted on 1/28/21 at 9:07 pm
The stock is artificially high, may run higher tomorrow. HFs need to close their positions and the price will decline sharply?
18
Posted on 1/28/21 at 9:08 pm to Gangsacked
Maybe wait a little. It could easily double in the next couple if days.
Posted on 1/28/21 at 9:08 pm to Gangsacked
You do that, genius.
Posted on 1/28/21 at 9:08 pm to Gangsacked
Posted on 1/28/21 at 9:09 pm to Gangsacked
quote:
The stock is artificially high, may run higher tomorrow. HFs need to close their positions and the price will decline sharply?
If you wanna get your arse blown off like the hedge funds, be my guest
Posted on 1/28/21 at 9:09 pm to Gangsacked
Haha the same thought went through the minds of hedgefund managers for the past week. How did that work out?
Posted on 1/28/21 at 9:12 pm to Gangsacked
You should totally do that.
Posted on 1/28/21 at 9:12 pm to Gangsacked
They can stay retarded longer than you can stay solvent.
Posted on 1/28/21 at 9:13 pm to Gangsacked
Not only would it be dumb to do so but I don’t even think brokers will allow you to
Posted on 1/28/21 at 9:16 pm to Gangsacked
I found the person that doesn't understand what's going on with GME
Posted on 1/28/21 at 9:19 pm to Gangsacked
It’s actually a good idea, but the premiums are insanely high because everyone knows it will eventually go down
Posted on 1/28/21 at 9:20 pm to Gangsacked
quote:
Isn’t this the perfect time to short GME?
The hedge funds felt the same and are now losing billions.
Yeah. Go ahead and follow their lead.
Posted on 1/28/21 at 9:22 pm to Gangsacked
Found the suit
Posted on 1/28/21 at 9:22 pm to Gangsacked
I sure hope youre just "paper trading" 
Posted on 1/28/21 at 9:22 pm to LSURep864
My question was theoretical. I’m 20 yrs removed from black sholes and didn’t exactly grasp it then. I’m a rule of 72er. I meant no ill wishes to those with skin in the game.
This post was edited on 1/28/21 at 9:25 pm
Posted on 1/28/21 at 9:24 pm to barry
quote:
It’s actually a good idea, but the premiums are insanely high because everyone knows it will eventually go down
This is the actual answer. When I looked it had to go below $40 or something insane for it to make money.
Posted on 1/28/21 at 9:31 pm to Gangsacked
quote:Hedge funds are short in their GME position.
HFs need to close their positions and the price will decline sharply?
To close their short position they would have to buy GME shares, not sell them. If the hedge funds buy, the price pressure will be upwards, not down.
When the basement nerds start selling GME to lock in their gains then the price pressure will be downward.
Posted on 1/28/21 at 10:02 pm to LSURussian
This all must be quite fascinating for you. I’m truly curious, what are your thoughts on the current situation?
Posted on 1/28/21 at 10:07 pm to Gangsacked
quote:
The stock is artificially high, may run higher tomorrow. HFs need to close their positions and the price will decline sharply?
You can’t be serious and good luck getting any shares to borrow.
Posted on 1/28/21 at 10:10 pm to LSURussian
quote:
To close their short position they would have to buy GME shares, not sell them
Assuming they even can
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