Posted on 03/08/2021 12:49:45 PM PST by Democrats hate too much
Laws just apply to the proles and kulaks. Not the megarich.
Yes. Buy put options on GME, with a strike price at the money and a fairly long exercise date. After the short squeeze runs its course, the stock price will fall dramatically just as it did last month. Just an example,, not telling you to do it. There is always risk involved..
Biden I expect will wreck it for the small non hedgie investor. Too big to fail and we are too small to succeed!
I agree, but it is fun being a hemorrhoid to the big boys. Sometimes it is fun to punch a bully in the nose. In this case - twice!
A bunch of Daveys putting Goliath down.
I don’t think the hedge funds ever covered, I think they kept shorting at higher and higher prices hoping to outlast the retail investors
“””I don’t think the hedge funds ever covered, I think they kept shorting at higher and higher prices hoping to outlast the retail investors”””
Good point. I had not considered this.
Uncle is talking above his paygrade.
Hmmmm. That’s interesting.
” Then the broker calls and tells you you need to buy the stock back so he can replace it where he got it from. That’s known as a margin call.”
You don’t have to buy back with a margin call. If you don’t satisfy the margin call the broker can buy or sell your assets to satisfy margin requirements.
Laws are for the little people.
Congrats!
Bought my two little shares two weeks ago just to be part of the fun.
REDDIT. That's where I went and learned. :-)
Congratulations! Every bit helps stick it to the man. :-)
The Blockbuster comparison is because some people think streaming downloads will replace the need for physical game cartridges.
The different between the two is that blockbuster was just an outlet to stop at on the way home from work. Game Stop is a community where mom and drop the kids while she goes shopping and the nerds and game geeks can gather at night. It also serves as a point of sale for instant gratification.
While understand and agree with your comparison, the future of Gamestop is online. That is why the Chewy owners are going to steer GME in the right long-term direction.
The difference between the two is that blockbuster was just an outlet to stop at on the way home from work. Game Stop is a community where mom and drop the kids while she goes shopping and the nerds and game geeks can gather at night. It also serves as a point of sale for instant gratification.
Bought in at $335 and watched it drop to $40. Bought all the way down and continued buying as it went to $120. The due diligence shows that the hedgies have to buy back every share at least twice over. Not only were shares shorted, but market makers wrote naked options contracts that are now in the money. Contracts expire on Fridays and there are so many options coming due that aren’t covered that a gamma squeeze will be triggered which could/should/would be the catalyst for a short squeeze. The retail investor, knowing that the shorts MUST cover can name his exit price....
Bottom line: the retail investor, if he’s patient, can theoretically walk away with $100,000 plus per share. But what do I know? This is not financial advice. I just like the stonk....
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