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Started By
Message
re: So I bought some Gamestop(GME)
Posted on 1/29/21 at 8:59 am to TigerTatorTots
Posted on 1/29/21 at 8:59 am to TigerTatorTots
Yep. This is unprecedented. Books will be written
0
Posted on 1/29/21 at 8:59 am to teke184
quote:
Not sure, but not for the reasons you think.
Most big buildings like this intentionally block roof access and the ability to open windows for this reason. On top of that, the pandemic has pulled what remaining traders were on the floor off of it, meaning that these guys are likely at small offices somewhere instead of in a Manhattan skyscraper.
Posted on 1/29/21 at 8:59 am to teke184
quote:
At this point people know that the shorters are required to buy starting today,
this is false information that keeps getting spread. they don't HAVE to do that today.
yes, they lose interest every day on the amount shorted and it's a lot of money but there is no contract that forces them to cover shorts today. i've checked with a few folks in the industry and they've confirmed this. a few posters on WSB have corroborated this and that's why they are saying it could be a slower squeeze(week or weeks) than what was originally claimed.
Disclaimer: i am not a financial advisor and am not in finance
Posted on 1/29/21 at 9:00 am to SLafourche07
quote:
I've been on the sidelines for this the entire time. (Kicking myself each step of the way).
But I can't decide if I should jump in or not.
Get in for at least a share or two just to say you were a part of history if nothing else.
Posted on 1/29/21 at 9:00 am to xenythx
quote:
Get in for at least a share or two just to say you were a part of history if nothing else.
this is what i've been telling everybody. then you can be an extra when they make the movie..
... annnnd you might make a few grand on that 1 share...
Posted on 1/29/21 at 9:01 am to TexasTiger34
Yea their shorts don’t expire, they just have to pay extraordinary fees that may not make it viable to keep their short position vs covering. But regardless the price will continue to steadily climb......in a fair market
Posted on 1/29/21 at 9:01 am to teke184
Anybody post this yet? Lol.
Posted on 1/29/21 at 9:02 am to 13SaintTiger
quote:
......in a fair market
Posted on 1/29/21 at 9:02 am to TexasTiger34
The bulk of their shorts are due today and they can’t keep eating the high interest on the shorts by kicking the can down the road.
At some point they are either going to have to bite the bullet and cover OR they will be so cash poor they can’t cover the interest at which point their other assets are used to cover the shorts.
While they can theoretically hold this off, it requires people to keep throwing money at them until investors back down. And it isn’t happening because everyone knows they have to cover at some point.
At some point they are either going to have to bite the bullet and cover OR they will be so cash poor they can’t cover the interest at which point their other assets are used to cover the shorts.
While they can theoretically hold this off, it requires people to keep throwing money at them until investors back down. And it isn’t happening because everyone knows they have to cover at some point.
Posted on 1/29/21 at 9:03 am to 13SaintTiger
If they can't cover maybe they can become butlers for the people with diamond hands.
Posted on 1/29/21 at 9:04 am to 13SaintTiger
quote:
.in a fair market
bingo. i think they'll wait to cover, keep paying interest on the shorts while formulating a game plan better than what they've come up with so far or just so they can figure out how to declare bankruptcy without dissolving ALL assets
Posted on 1/29/21 at 9:04 am to teke184
quote:
The bulk of their shorts are due today and they can’t keep eating the high interest on the shorts by kicking the can down the road.
At some point they are either going to have to bite the bullet and cover OR they will be so cash poor they can’t cover the interest at which point their other assets are used to cover the shorts.
my fear, and i was going to make a thread about it, is that US Treasury steps in and offers cheap liquidity to allow them to hold on
that's basically a worst case scenario (or how i would have structured the thread)
Posted on 1/29/21 at 9:06 am to TexasTiger34
Yeah this isn’t over today. It’s going to bleed intk next week
Posted on 1/29/21 at 9:06 am to Foot
I have a moon limit order on some calls and wanted to tweak it and TD is telling me to "call them".. Very odd
Posted on 1/29/21 at 9:06 am to SlowFlowPro
(no message)
This post was edited on 4/8/23 at 6:38 pm
Posted on 1/29/21 at 9:06 am to SlowFlowPro
I like the term you used earlier. A “pump and pump”
Posted on 1/29/21 at 9:06 am to msutiger
quote:
Ah the government using tax payer dollars to bail out the 1% .... where have I heard this story
yeah it will cause some shite for sure
Posted on 1/29/21 at 9:07 am to TexasTiger34
the thing about that is, do you risk letting this buildup even stronger over the weekend?
This post was edited on 1/29/21 at 9:07 am
Posted on 1/29/21 at 9:07 am to SlowFlowPro
At this point, the market is a pressure cooker which is about to blow.
Giving those firms liquidity to hold off is probably the worst thing they could do because it prolongs this mess and expands the effects.
Giving those firms liquidity to hold off is probably the worst thing they could do because it prolongs this mess and expands the effects.
Posted on 1/29/21 at 9:08 am to TexasTiger34
quote:
this is false information that keeps getting spread. they don't HAVE to do that today.
yes, they lose interest every day on the amount shorted and it's a lot of money but there is no contract that forces them to cover shorts today. i've checked with a few folks in the industry and they've confirmed this. a few posters on WSB have corroborated this and that's why they are saying it could be a slower squeeze(week or weeks) than what was originally claimed.
Disclaimer: i am not a financial advisor and am not in finance
Totally wrong. if you have an options contract that expires today you have to either sell or close the position or you have to take the stock. if you don't have the cash to buy the stock then the contract is worthless. That only applies to contracts expiring today 1/29/2021
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