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Message
re: Roaring Kitty bought $245mm of Chewy; GME down 6% while Chewy is up 10%
Posted on 7/2/24 at 12:45 pm to Tigerfan14
Posted on 7/2/24 at 12:45 pm to Tigerfan14
quote:
A lot of people lost a shite ton of money following those guys, not many people lost a shite ton of money following Buffett
That's fair, Buffett buying and holding long term and pumping a stock is honestly different than pumping and dumping a stock
0
Posted on 7/3/24 at 10:14 am to slackster
I loved CHWY and it was going great with some excellent long term potential- now it’s turned into a freakin meme stock.
Posted on 7/8/24 at 10:51 pm to notsince98
quote:
But that has always been true for berkshire, blackrock or any bigtime hedge fund manager. They control so much $ that everything they say causes market reactions.
That's true. Even little Cathy causes stocks to rise. Elon Musk says the word "Doge" and it sky rockets.
What this guy did, most people in this thread would absolutely do if they could.
Posted on 7/8/24 at 11:07 pm to Zzyzx
quote:
This has to be someone else’s money. He did not make $300million from GME. And even if he did, who tf would 82% of their net worth on dog food
Let's do the math. 9 million shares x the amount of calls sold would be astronomical. That's 90K calls. Now, let assume it's at the current price and we are selling the next strike price. That would be the 25 strike and they are priced at $60 per(ending this week). That's 5.4 million dollars in sold calls. Not only that, to get to that price (25) the stock from this morning would have to go up only .70 cents. Now that equals .70 x 9 million. That's another 6.3 million...
Total 5.4 plus 6.3= 11.7 million dollars in a very short period of time.
Posted on 7/9/24 at 8:25 am to slackster
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