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re: So I bought some Gamestop(GME)

Posted on 1/26/21 at 9:34 am to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/26/21 at 9:34 am to
Those idiots
Posted by TheChosenOne
Member since Dec 2005
18749 posts
Posted on 1/26/21 at 9:35 am to
lulz. He actually did it.
Posted by southernelite
Houston, TX
Member since Sep 2009
53508 posts
Posted on 1/26/21 at 9:36 am to
quote:

So how long can you keep a short position open? As long as the people you borrow the shares from allow you to?



Yes, you may also need to deliver cash or collateral to them to keep your position open, lest they default you and force liquidation.

This is likely the case with Melvin, with the cash from Citadel, they can ride the short out longer.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/26/21 at 9:36 am to
chamath halted gme with a single tweet

Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 1/26/21 at 9:37 am to
Aaaaand halted on the way up.
Posted by busbeepbeep
When will then be now?
Member since Jan 2004
19174 posts
Posted on 1/26/21 at 9:37 am to
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 1/26/21 at 9:37 am to
I don’t even know who Chamath is. Fund manager I assume?
Posted by southernelite
Houston, TX
Member since Sep 2009
53508 posts
Posted on 1/26/21 at 9:38 am to
Holy shite, this is literally market history unfolding
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/26/21 at 9:38 am to
billionaire. part owner of warriors. running for ca governor
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38827 posts
Posted on 1/26/21 at 9:39 am to
If elon tweets the shorts should just capitulate and cut their losses.
Posted by southernelite
Houston, TX
Member since Sep 2009
53508 posts
Posted on 1/26/21 at 9:39 am to
Venture capitalist, fb alum, and minority Warriors owner
Posted by barry
Location, Location, Location
Member since Aug 2006
50945 posts
Posted on 1/26/21 at 9:43 am to
quote:

Venture capitalist, fb alum, and minority Warriors owner


SPAC lover
Posted by Dawgfanman
Member since Jun 2015
24880 posts
Posted on 1/26/21 at 9:43 am to
Reddit users find Wall Street money managers honey hole and trap their arm in the hive, is that what this basically is?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38827 posts
Posted on 1/26/21 at 9:44 am to
Yes
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31876 posts
Posted on 1/26/21 at 9:45 am to
CHAMATH
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 1/26/21 at 9:46 am to
chamath would have helped the army more if he bought actual shares

but maybe he did that too. lol this is amazing
This post was edited on 1/26/21 at 9:47 am
Posted by barry
Location, Location, Location
Member since Aug 2006
50945 posts
Posted on 1/26/21 at 9:48 am to
quote:

Reddit users find Wall Street money managers honey hole and trap their arm in the hive, is that what this basically is?




They made it public in a report and WSB said frick it, YOLO
Posted by rintintin
Life is Life
Member since Nov 2008
16729 posts
Posted on 1/26/21 at 9:57 am to
frick it. I threw some dumb money in to be a part of this madness.

Something tells me there's going to be this short term wsb wave to ride over the next couple of months.
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 1/26/21 at 9:58 am to
Ya think? Ha

Welcome!
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31876 posts
Posted on 1/26/21 at 9:59 am to
Buying OTM calls will force market makers to hedge by buying shares
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