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re: Isn’t this the perfect time to short GME?
Posted on 1/28/21 at 10:12 pm to Gangsacked
Posted on 1/28/21 at 10:12 pm to Gangsacked
Guys who get paid 1 mil a year already tried this and it is not working out to well for them at the moment
0
Posted on 1/28/21 at 10:15 pm to 13SaintTiger
I’m fascinated by it. I don’t think the worst of the carnage is behind us.
Posted on 1/28/21 at 10:15 pm to Gangsacked
I have a few puts expiring next week and the week after that I purchased yesterday. Even though the share price increased from yesterday, my puts are very green. Someone is buying them.
Posted on 1/28/21 at 10:41 pm to Gangsacked
Yesterday I saw a game plan on how to become a millionaire trading stocks:
Step 1: Be a billionaire
Step 2: Short GME
Step 1: Be a billionaire
Step 2: Short GME
Posted on 1/28/21 at 10:49 pm to OleVaught14
Oh, they will be able to sell them.
The rate and cost at which they sell them, though? That is up in the air.
There’s a pretty colorful description of how this works screen-shotted in another thread which discusses how long it will take for Melvin Capital to pull the million dildos out of its arse.
Based on the amount of shares moving and the number of shorts they have to clear, it will take several days of trading to close out their position.
Better lube up, boys.
The rate and cost at which they sell them, though? That is up in the air.
There’s a pretty colorful description of how this works screen-shotted in another thread which discusses how long it will take for Melvin Capital to pull the million dildos out of its arse.
Based on the amount of shares moving and the number of shorts they have to clear, it will take several days of trading to close out their position.
Better lube up, boys.
Posted on 1/28/21 at 10:52 pm to teke184
And that’s based on regular volume. Once the squeeze starts it will slow for a while.
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