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Started By
Message
2
Posted on 1/26/21 at 4:37 pm to xenythx
When was the last day GME was red? Why sell now? Let your winners win!
Posted on 1/26/21 at 4:38 pm to xenythx
The CFO's position is currently worth $113M
Posted on 1/26/21 at 4:42 pm to KickPuncher
I jumped in for 2k today and I’m looking to move some other stock to go in for another 1k tomorrow
Posted on 1/26/21 at 4:43 pm to Steveohh
i'm selling everything i have and dumping into GME for at least until it hits the $1000 that's pretty much locked in at this point
Posted on 1/26/21 at 4:44 pm to barry
So a likely dumb question...but let's assume they/you all do drive these hedge funds to bankruptcy. Does that not then remove the money from shorts that are trying to cover their position (because they're bankrupt), thus removing virtually the only option people have to sell their shares? Because at some point when the hedge funds are done and people want to take their gains...SOMEONE has to be willing to pay for the shares, and there is no way a rational investor would pay anywhere near those prices for people to offload and recognize their windfall.
I am probably thinking about this wrong, but just curious what the folks who are smarter than me think.
I am probably thinking about this wrong, but just curious what the folks who are smarter than me think.
Posted on 1/26/21 at 4:46 pm to Chucktown_Badger
Why would they go bankrupt? Just hold until it crashes.
Posted on 1/26/21 at 4:48 pm to Huge Richard
The wildcard here is when does GME issue equity?
Posted on 1/26/21 at 4:49 pm to Chucktown_Badger
quote:Brokers have to pay for it if shorts go bankrupt. Thats why brokers charge massive fees and have the power to close positions to avoid said situation. Basically why this thing will pop, because if we buy the shares, we can hold for infinity with no fees. Shorters have to keep borrowing to stay up or have margin calls, which will force close their position and make them buy the shares at current price to replenish.
So a likely dumb question...but let's assume they/you all do drive these hedge funds to bankruptcy. Does that not then remove the money from shorts that are trying to cover their position (because they're bankrupt), thus removing virtually the only option people have to sell their shares? Because at some point when the hedge funds are done and people want to take their gains...SOMEONE has to be willing to pay for the shares, and there is no way a rational investor would pay anywhere near those prices for people to offload and recognize their windfall.
Only thing that can save the squeeze is if the SEC comes in and sets a precedent to frick over the investors to save the big boys. Which that is definitely not out of the question.
Posted on 1/26/21 at 4:49 pm to castorinho
A fear of mine also but
Then they would be helping the companies that were trying to put them in the ground. Right?
Then they would be helping the companies that were trying to put them in the ground. Right?
This post was edited on 1/26/21 at 4:50 pm
Posted on 1/26/21 at 4:49 pm to Huge Richard
quote:
Why would they go bankrupt? Just hold until it crashes.
Posted on 1/26/21 at 4:51 pm to Chucktown_Badger
quote:
So a likely dumb question...but let's assume they/you all do drive these hedge funds to bankruptcy. Does that not then remove the money from shorts that are trying to cover their position (because they're bankrupt), thus removing virtually the only option people have to sell their shares?
They have the money. Their position is a paper loss right now. They don’t go bankrupt until they have to turn the paper loss into a real loss, which we are expecting them to be forced to do by their broker.
With elon tweeting, the timeline just got pushed up. The next 3 days are going to be the wildest a single stock has ever had. Bookmark that
Posted on 1/26/21 at 4:52 pm to Chucktown_Badger
Friend,
One wonders if Robin of the Hood has turned into the Sheriff of Nottingham in a matter of days. Don't they say, "Pigs get slaughtered"? I sense a feeding trough is close to running dry and the bill is coming due soon.
Yours,
TulaneLSU
One wonders if Robin of the Hood has turned into the Sheriff of Nottingham in a matter of days. Don't they say, "Pigs get slaughtered"? I sense a feeding trough is close to running dry and the bill is coming due soon.
Yours,
TulaneLSU
Posted on 1/26/21 at 4:54 pm to Huge Richard
quote:
Why would they go bankrupt? Just hold until it crashes.
I haven't passed my series 7, but this sounds like bad advice.
Posted on 1/26/21 at 4:54 pm to TulaneLSU
How TF is this still going up? When does it stop?
Can’t believe I didn’t pull the trigger today. Wow
Can’t believe I didn’t pull the trigger today. Wow
Posted on 1/26/21 at 4:54 pm to JohnnyKilroy
The real question is, buy more now or see what kind of dip happens tomorrow?
I think I'm gonna spend 1/2 of the play money now and the other 1/2 tomorrow morning if there is a dip.
I think I'm gonna spend 1/2 of the play money now and the other 1/2 tomorrow morning if there is a dip.
Posted on 1/26/21 at 4:55 pm to JohnnyKilroy
it's going to be just as wild of a ride down...
This post was edited on 1/26/21 at 4:56 pm
Posted on 1/26/21 at 4:55 pm to Huge Richard
So.....I followed WSB for the lulz for a while. ( they went ape shite when the subscribers surpassed r/personal finance) But I’ve NEVER taken their advice, I get burned enough as is. It’s just so funny to see my money board people go “Retard”. I love this and you diamond hand beautiful bastards.
And if this truly is a “frick you” to wall street, I YOLO’d for 1 share today. AH and I’m up 60%. LOL
And if this truly is a “frick you” to wall street, I YOLO’d for 1 share today. AH and I’m up 60%. LOL
Posted on 1/26/21 at 4:56 pm to KickPuncher
quote:
Brokers have to pay for it if shorts go bankrupt. Thats why brokers charge massive fees and have the power to close positions to avoid said situation. Basically why this thing will pop, because if we buy the shares, we can hold for infinity with no fees. Shorters have to keep borrowing to stay up or have margin calls, which will force close their position and make them buy the shares at current price to replenish.
Only thing that can save the squeeze is if the SEC comes in and sets a precedent to frick over the investors to save the big boys. Which that is definitely not out of the question.
Ok but then if it's the brokers paying it, same thing. At SOME point SOMEONE has to give the signal to start selling...like, hey guys, it's time to cash in and sell to the broker/hedge fund/etc. And there are going to be a lot of people who miss the timing of that and are left with insane losses themselves. Yay you bankrupted a couple billionaires, but you also lost your entire life savings.
I was just looking at naked puts a few months out in the $20 range, and after doing a bit of research I don't feel like I have enough knowledge to pull the trigger. There are a few terms like "unlimited downside potential" that made me pause
This post was edited on 1/26/21 at 4:58 pm
Posted on 1/26/21 at 4:57 pm to TigeRoots
quote:Right. But they also know this shite will end eventually. Why not cash in on the madness as well
A fear of mine also but
Then they would be helping the companies that were trying to put them in the ground. Right?
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