I feel no sympathy for the Billionaire hedge funds that are short selling companies and making millions doing it. They have manipulated markets forever and now the people are realizing the power of the people. I'm not in Gamestop and don't plan to be, but damn it this is amazing and I love it.
Join the club. I dont need sympathy when I lose my a$$ on a losing trade, I pulled the trigger, I gambled, I lost. Close out, move on. I blowed a sizeable account years ago playing call options on a biotec stock, It run while I was away for the day. Options were exercised and it tanked, same day. Got home, opened account, mouth fell to floor, got margin called, had to pay up. The myth of calls " have the right to buy but not the obligation" is not true, been there done that. Heck, they did it for me. I use a well known broker that is also a full size banking institution. You don't skip out on these guys, especially if the own your mortgage, LOL. Point being this GME is a matter of greed and stupidity by some big fish that are not used to losing. The idea that a small group of retail traders have skulldrug them down the tube is HILLARIOUS.
Let's be honest here, this isn't all "retail vs. hedge fund traders". 20 million shares traded today (and heading to 400 million this week, it's only Wednesday) of a $300 stock is $6 billion, today only. There's going to be more billions tomorrow. Hedge funds like to take shots at other hedge funds too.
Very true on all of the above. Billionaires have whizzing contest also. WSB has a bad reputation and are being used as scapegoats. This is a blast to watch.
I mean every blind squirrel finds a nut. They're community is a giant meme and it's awesome they're taking down some hedge funds right now and finding success. I'm rooting for them. Besides the letters GME, the most common vernacular there is retard, autist, pussy, fag, gay. I'd say they've earned a bad reputation. It's like 4chan meets the stock market.
I agree, I was referring to another post when you posted. Nothing at you. Stuff like that here would be a sure way of getting slung out the door. Big difference. Here we can politely agree to disagree.
GME worth more than ever before, going by stock market cap. So I guess they get to keep their stores in strip malls. This is a win for people who like to drive to the mall, find a parking space, hope the physically-limited inventory is sufficient, wait in line to check out, drive back home, and then play the video game. A week after the pre-orders got early access. Congratulations, everyone is level 40 already.
Bingo!!! The only way I ever take the short side, limited risk. I never go naked, unless its around the house. Lol. Got OWNED before shorting the stock side, got my boo boo spanked hard that time.. It will settle at some point, this is crazy.
Ironically enough, owning put options during this move today would have made you a profit on some strikes because of the volatility lol
No sir, you go right ahead. I B SCARED! Something to take note of in the case of transferring wealth and is 100% correct. Food for thought. Hopefully they cash in before greed wipes them out.
The transfer of wealth here has moved beyond some short covering hedge fund. At this point is retail selling to retail. There are going to be some very sad stories coming out of this.
I seriously doubt the funds have fully exited, to much money on the table. Most likely a smokescreen to save face. Must dont discuss openly on national television, I disagree on this one. They are looking for revenge, bet on it.
Have you read the Blackrock disclosure as of yesterday? The big fish are in serious trouble my friend, nice try though.
