Some of the ones wanting to exercise, even at a loss were not able to. Many unanswered questions. We constantly hear the shorts have covered etc. Something is up and like I said earlier, there are not enough shares available I still call B.S. Some are not easy to be bluffed with smoke.
I don't wish RobinHood to go bankrupt but I it wouldn't make me feel particularly bad. The whole idea of investors being a product is whacked, IMO.
Do you think the big drops this week in the market overall are due to hedge funds having to sell long positions in order to cover their short positions and stay solvent?
I'd be willing to bet none of the ITM calls get exercised after hours, and yes it can happen. In this case I bet it dont. Based on the share structure. This is a learning experience for me, but I did the math and it simply proves there is no way it could work. They had to force it down yesterday and today so the otm call would expire worthless. The brokers were forced to kill the buyers, but only webull actually was honest. The others lied about it which to me proves the cloud of mysteries behing it. We are concerned about the market, yeah right.
I'm still holding my shares. I know a few other people (in real lifE) who are as well. u/DeepDuckingValue from WSB who was the catalyst for all of this is still holding as well. Can't wait for monday!
I both can and can't wait for Monday. I didn't jump on the $GME bandwagon but I did buy a tiny bit ($200-$300) of $AAL and $EXPR, both of which didn't ride the way I had hoped. I said screw it and got out of those. I would rather stick with solid companies over a long term than rejoin the hype trying to gain upper ground over short sellers.
Yup. If you got in on $GME when I was $14.89 you made a killing. The potential for astronomical profits from $GME is something else but someone is going to be left holding the bag on this given that Gamestop's business model is neither particularly stable or healthy. $TSLA has a valid business model underpinning it and a political environment (think the Green New Deal) to promote it. Gamestop doesn't have that and will eventually be back under $20.
I should add the following: maybe I'm too skittish about taking risk but given that I'm 13-15 years from retirement I prefer to not throw caution to the wind. How I wish I was younger again so I could maybe throw a little caution to the wind!
Its more involved than they want us to know about. This has never happened before and NOBODY ever dreamed it could happen. I've said all along, the WSB boys ain't nothing to play with, they just bitchslapped some very wealthy people that hate to lose, Im saying most can't afford to cover. the funny part is they posted it for everybody to see.
Desperate people do desperate things. 40 million × 300 is just a small example.plus interest. That is a VERY conservative number. Yesterday and today was a behind the scenes play, for obvious reasons. It still backfired to a certain degree. I dont believe the bluff of the brokers that lied on TV. WEBULL actually was honest, naturally his interview is not on the major networks. in my opinion that will be the new improved Robinhood.
Think the hedge funds would do this for a struggling company? But we are supposed to hate WSB for being the enemy.
I don't want to work, I want to bang on my drum all day. Rocket CUK. Get your beach balls! Fun for all. All for fun.
