amazing story, just read on Zero Hedge that as of 5pm Tuesday Gamestop went parabolic up to $240 ? Expected to print $200 early Wednesday after market opens ? I'm a laid off bricklayer in Chicago who flunked freshman algebra in HS so I'm NOT a math expert but as unsophisticated as I am it's obvious that the losses on those shorts will be unbelievably MASSIVE Wednesday. I am a spectator and this is FUN watching Wall Street Goliath get it's azz kicked by average Joe knuckleheads who grew up in places like Fort Wayne Indiana haha
Thanks for reading and welcome to the substack! It makes me happy, they got arrogant and are getting punished for it. Rumours are the lead hedge fund is down 70% and is likely going to close shop - many others in similar situations. Suspect well be seeing some unemployed portfolio manager very soon.
When do the short options expire? What I’d hate to see is the hedge funds lose their shirts in the short run but recoup their losses when GME inevitably goes back down.
Some have already have been margin called - Melvin needed a 2.75B bailout to save themsleves. Theyre already locked in, just a matter of time or a miracle
GameStop actually printed $372 ??? !!!!!! Today ?? insanely insane, totally insane LoL, imagine the billions of losses exponentially multiplying against the SHORTS, WOW WOW WOW, the problem is that they shorted more stock than there is stock in existence THEREFORE they can NOT buy their way OUT of this trap. Gamestop could go to $1000 because of this gaping outrageous disparity
I expect a $1000 would be a best case scenario unless theres new issuance this week (possible - arguably should be done by GME board) or block trade by a major shareholder (who knows but I bet theyre desperately trying) Poor risk mgmt is bankrupting them
while we can agree Soros agendas are terrible please don't be STUPID. It is more infinitely greater odds you'll get bit by a great white shark while snow skiing in the mountains than it is that Soros is short a billion bucks worth of GameStop
I threw Coulter's opinions in a dumpster when she totally contradicted a whole chapter in one of her books during the Trump Presidency. Go away Ann. MAGA
amazing story, just read on Zero Hedge that as of 5pm Tuesday Gamestop went parabolic up to $240 ? Expected to print $200 early Wednesday after market opens ? I'm a laid off bricklayer in Chicago who flunked freshman algebra in HS so I'm NOT a math expert but as unsophisticated as I am it's obvious that the losses on those shorts will be unbelievably MASSIVE Wednesday. I am a spectator and this is FUN watching Wall Street Goliath get it's azz kicked by average Joe knuckleheads who grew up in places like Fort Wayne Indiana haha
Dear Joe Average,
Thanks for reading and welcome to the substack! It makes me happy, they got arrogant and are getting punished for it. Rumours are the lead hedge fund is down 70% and is likely going to close shop - many others in similar situations. Suspect well be seeing some unemployed portfolio manager very soon.
When do the short options expire? What I’d hate to see is the hedge funds lose their shirts in the short run but recoup their losses when GME inevitably goes back down.
In other words, when do the hedge funds lock themselves into bankruptcy?
Some have already have been margin called - Melvin needed a 2.75B bailout to save themsleves. Theyre already locked in, just a matter of time or a miracle
GameStop Corporation Common Stock (GME)
$372.19
+224.21 (+151.51%)
DATA AS OF JAN 27, 2021 10:59 AM ET
Brokerages have stopped retail from purchasing ahah! Likely no liqudiity - the shorts need a miracle. This will only rise from here until the POP
GameStop actually printed $372 ??? !!!!!! Today ?? insanely insane, totally insane LoL, imagine the billions of losses exponentially multiplying against the SHORTS, WOW WOW WOW, the problem is that they shorted more stock than there is stock in existence THEREFORE they can NOT buy their way OUT of this trap. Gamestop could go to $1000 because of this gaping outrageous disparity
I expect a $1000 would be a best case scenario unless theres new issuance this week (possible - arguably should be done by GME board) or block trade by a major shareholder (who knows but I bet theyre desperately trying) Poor risk mgmt is bankrupting them
Please, please, George Soros, tell me you lost billions.
while we can agree Soros agendas are terrible please don't be STUPID. It is more infinitely greater odds you'll get bit by a great white shark while snow skiing in the mountains than it is that Soros is short a billion bucks worth of GameStop
I can dream.
Bwahaha!! Suck it, Wall Street dirt bag bean counters.
Best "Constitution" joke evah.
I threw Coulter's opinions in a dumpster when she totally contradicted a whole chapter in one of her books during the Trump Presidency. Go away Ann. MAGA