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Started By
Message
So wait, how do we now short GameStop?
Posted on 1/27/21 at 9:56 am
Posted on 1/27/21 at 9:56 am
**
19
Posted on 1/27/21 at 9:57 am to Costanza
Asking for a friend?
Posted on 1/27/21 at 9:58 am to castorinho
My expert analysis tells me the stock is overvalued and unsustainable
Posted on 1/27/21 at 10:00 am to Costanza
Short the frick out of it then. We will take your ducking money too. Call your broker.
This post was edited on 1/27/21 at 10:01 am
Posted on 1/27/21 at 10:01 am to Costanza
Everyone get in here to watch OP get rekt
Posted on 1/27/21 at 10:02 am to Costanza
shorting a meme stock in a momentum market where one tweet from elon could bankrupt you, what could go wrong
Posted on 1/27/21 at 10:04 am to Costanza
It's at an unsustainable price and will fall at some point. The two concerns are how much higher until it does come back down (the market can stay irrational much longer than you can remain solvent), and finding shares to borrow for short sale (etrade isn't accepting short sales on it for this).
This post was edited on 1/27/21 at 10:05 am
Posted on 1/27/21 at 10:04 am to Costanza
Thought about doing the same thing this morning. Bought shares instead. Now I'm up 35% 
Posted on 1/27/21 at 10:05 am to Costanza
Dont do it
Posted on 1/27/21 at 10:08 am to Costanza
quote:
how do we now short
quote:
My expert analysis
Tell me more.
Posted on 1/27/21 at 10:09 am to Costanza
Right call in my opinion but getting the timing right is a massive risk I wouldn't take. At some point in time buyers have to switch from speculation to holding it. That is the time to short because people will want to convert the unrealized to realized gains.
Posted on 1/27/21 at 10:09 am to Costanza
quote:
So wait, how do we now short GameStop?
No offense, but if you have to ask, then you’re not ready for that.
First of all, you would need to have a (healthy) margin account and approval from your brokerage firm. Secondly, your chances of borrowing GME shares to short are somewhere between slim and none at this point.
But if you’re bound and determined to take a bearish position, buy puts or put spreads, or sell call spreads. DO NOT try to go short or try to sell naked calls. You’ll shoot your eye out.
Posted on 1/27/21 at 10:12 am to Jag_Warrior
It was a joke, fellas. Lighten up
Posted on 1/27/21 at 3:22 pm to Costanza
Not trying to come on heavy. Like I said, no offense intended. But no way for me to know that you were joking. There’s a board full of newer traders and investors here asking all sorts of questions. Some are on the brink of causing themselves some major pain if they’re not careful. I’d like not to see them halt and catch fire.
GL
GL
Posted on 1/27/21 at 5:44 pm to Costanza
Good luck affording the borrow fee.
Posted on 1/27/21 at 5:56 pm to Costanza
I got some $10 puts for two years from now.
I wouldn't buy any contracts for this Friday. Too high. I don't know what this stock will be next week.
I wouldn't buy any contracts for this Friday. Too high. I don't know what this stock will be next week.
Posted on 1/27/21 at 5:56 pm to RedStickBR
Why would someone wealthy not short it? Let’s say you are worth $10 mil. Stocks at $350, no way it doubles to $700 right? If you short it with $100,000 it’s bound to fall in a year or 2? I’d bet it crumples by summer but maybe it takes 5 years which is incredibly unlikely. I don’t see the major risk to short it now with say 1% of your NEtworth?
This post was edited on 1/27/21 at 5:57 pm
Posted on 1/27/21 at 5:58 pm to Costanza
And with the bestbets Reddit locked and the stock falling now may be the time
Posted on 1/27/21 at 5:59 pm to baldona
quote:
Why would someone wealthy not short it? Let’s say you are worth $10 mil. Stocks at $350, no way it doubles to $700 right? If you short it with $100,000 it’s bound to fall in a year or 2? I’d bet it crumples by summer but maybe it takes 5 years which is incredibly unlikely. I don’t see the major risk to short it now with say 1% of your NEtworth?
You don't get an infinite amount of time to decide when to actually pay up.
Posted on 1/27/21 at 6:00 pm to Costanza
I’m going to laugh at anyone who loses more than pocket change over this
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