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1
Posted on 1/26/21 at 8:51 pm to castorinho
quote:
e can remain retarded for longer than they can stay solvent
I guess my ultimate question is what will make the retardation end? When they have "won" and tbe hedge fund is in ruins does everyone just start selling off everything asap?
Posted on 1/26/21 at 8:52 pm to JohnnyKilroy
Got out today for a very small gain. I was obviously wrong.
Posted on 1/26/21 at 8:55 pm to rocket31
Misinformation. It was guess work based on an Alibaba glitch.
Posted on 1/26/21 at 8:55 pm to rocket31
They want you to let your guard down
Posted on 1/26/21 at 8:55 pm to 13SaintTiger
yea seems like this would be fud to get wsb to back away from the trade
Posted on 1/26/21 at 9:02 pm to oklahogjr
Not that I understand hardly any of this, but could I short sell x number of shares now with the elevated price, and buy it back once GameStop falls back down to a price more in line with their actual value?
When does the trust funds options expire? I see a price plummet after that, as well as neckbeards taking profits soon.
How long does one have to buy back shorts, assuming no options/leverage is in play? Trying to learn, not actually going to do this, although I’m sure another hedge fund will.
When does the trust funds options expire? I see a price plummet after that, as well as neckbeards taking profits soon.
How long does one have to buy back shorts, assuming no options/leverage is in play? Trying to learn, not actually going to do this, although I’m sure another hedge fund will.
Posted on 1/26/21 at 9:04 pm to Ric Flair
What happens if he does file bankruptcy?
Posted on 1/26/21 at 9:04 pm to rocket31
I would think they have insurance against catastrophic trades
Posted on 1/26/21 at 9:05 pm to Ric Flair
quote:
Not that I understand hardly any of this, but could I short sell x number of shares now with the elevated price, and buy it back once GameStop falls back down to a price more in line with their actual value?
When does the trust funds options expire? I see a price plummet after that, as well as neckbeards taking profits soon.
How long does one have to buy back shorts, assuming no options/leverage is in play? Trying to learn, not actually going to do this, although I’m sure another hedge fund will.
Are you a boomer or just oblivious to what’s going on right now?
Posted on 1/26/21 at 9:06 pm to rocket31
I don’t think that’s true, but I’d love to believe it is
Melvin shorted GME from $42 down to $2.50. Why not declare victory and take profits at that point? Why hold on? Simply bc they wanted to be the short seller that put GameStop out of business. They wanted that on their resume, that they put an entire company out of business. And that’s fricked up. There would be no sweeter ending than the short squeeze resulting in GameStop raising capital to pay off all its debts and reinvigorate the company, and Melvin going bankrupt instead
Melvin shorted GME from $42 down to $2.50. Why not declare victory and take profits at that point? Why hold on? Simply bc they wanted to be the short seller that put GameStop out of business. They wanted that on their resume, that they put an entire company out of business. And that’s fricked up. There would be no sweeter ending than the short squeeze resulting in GameStop raising capital to pay off all its debts and reinvigorate the company, and Melvin going bankrupt instead
Posted on 1/26/21 at 9:06 pm to ThereGoesHerschel
quote:
I guess my ultimate question is what will make the retardation end
Multiple things:
#1 Big money interests appear to be involved on the rally side. I would assume they will exit en masse on Wed or Thurs, viewing the midweek gains as easy profit taking.
#2 Some lucky bastards will sell out at peak on Friday and make millions. GME only has to be > 110 for Melvin Capital, etc to be completely ratfricked.
#3. A whole lot of college kids that bought in at 150 or 250 are going to have "internal server errors" with their Robin Hood account as the price drops from $750 to $35.
Posted on 1/26/21 at 9:08 pm to Upperdecker
That Andrew Left, Citron guy is a fricking douche. I just watched his video on twitter.
Posted on 1/26/21 at 9:09 pm to 13SaintTiger
You guys need to get in on some EXPC.....
Posted on 1/26/21 at 9:11 pm to MagaPatriot
What’s the deal with EXPC? Convince me
Posted on 1/26/21 at 9:13 pm to Smoke7024
quote:
That Andrew Left, Citron guy is a fricking douche. I just watched his video on twitter.
100%. He’s also a crook. Look at what he did with Jumia. Shorted Jumia, made up some bullshite claims of fraud and publicized them to destroy the stock, then once it bottomed out he took profits and used the profits to go long on the stock and then publicized that he had switched sides, causing the stock to go right back up to where it IPO’d
Posted on 1/26/21 at 9:14 pm to 13SaintTiger
quote:
Are you a boomer or just oblivious to what’s going on right now?
GenX. Not a trader. Invest in index funds. Just trying to understand everything. Obviously a short squeeze, but I doubt it’s only WSB redditors doing this. Obviously some competing hedge funds have adopted the reddit strategy for this play.
Posted on 1/26/21 at 9:15 pm to xxTIMMYxx
quote:
Got a text from Barron’s with a regulator saying the GME trading is systematically wrong
I mean, it's definitely an unnatural situation but how is this any different than what hedge funds, options traders, etc on Wall St do every day? They look for an opportunity they can exploit and they hammer it ruthlessly. Now the little guys are doing the same in the opposite direction and NOW it's so "wrong"?
I wonder if hedge funds will short stocks beyond 100% of the float after all this settles
Posted on 1/26/21 at 9:16 pm to Upperdecker
quote:
100%. He’s also a crook.
But but but muh wsb market manipulation. Foreign interference.
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