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936horn

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Everything posted by 936horn

  1. Not really. People saw a fundamental disconnect with a stock that was overshorted to hell, had a new board member in the form of the dude who launched Chewy.com, had more cash than debt, still had large inroads with major gaming companies (sony, ms, nintendo) and decided they could take advantage. The shorts could have unwound $250 ago and taken the L. Instead they dug in and are rightfully going to get absolutely donkey dicked on this one. It maybe started with a couple dudes meming but I guarantee the larger % of people (and other funds now) that are in, saw the opp, smelt the blood in the water, and went for the kill. ps - the GME dude on reddit is up to 48mm now. https://www.reddit.com/r/wallstreetbets/comments/l6ekdz/gme_yolo_update_jan_27_2021_guess_i_need_102/
  2. I never saw an answer. Did they straight up stop trading shares? Did they stop naked shorts? Puts/calls? I never saw details.
  3. That's exactly my point. Sorry if we don't feel bad for some hedge funders who are levered to the tits on a short that is at 140% of the available float as of last week. Like pops always said, pigs get fat but hogs get slaughtered.
  4. Ultimately what should come out of this, if you want regulation, is that there should be restrictions preventing shorting >100% of the available fucking float
  5. While I agree, what a terrible look that'd be for your 10th day as president after running a "for the people" campaign. Political suicide.
  6. https://www.zerohedge.com/markets/unprecedented-move-td-ameritrade-puts-restrictions-transactions-gme-amc "It's only ok when hedge funds manipulate the markets!!!!"
  7. GME halted now too. First of a few today I am sure
  8. Yeah premarket when GME was at $340. Uh huh, sure
  9. There’s absolutely institutional money pouring into GME now. Each halt today ticked down afterward and was quickly rejected. The sheer volume was nuts. There’s definitely some other funds jumping in just to take out some competition. edit - just a bit slow. Agree w Trey.
  10. Short GME at your own risk. The insanity isn’t over
  11. Wednesday could be the day but I'd be very careful shorting GME (duh). Cramer just talked about it and referenced r/wallstreetbets who seem to be all in on buying up available shares. He did a 5 minute segment on how a short squeeze works and all that. Enough boomers probably watch Cramer to potentially cause even more share buying tomorrow to get in on the action and further face fuck the shorts when there aren't enough shares to go around and positions start getting closed out. I believe short interest gets reported tomorrow, I am fascinated to see how it has changed since Dec 31. On a related note, BBBY looks to be seeing some similar action, though their short interest is something like 70%, not the 140% or whatever GME was. I took a flier on some weekly GME calls that went ITM after hours today. My only regret is not being such a pussy and buying more but in my defense this followed a +60% day yesterday.
  12. Looks like a good move right now, another gap up this morning. Insanity. Puts looking very tempting today
  13. I wouldn’t be too sad yet. Melvin capital has 5.4mm shares worth of 15p expiring Friday per their last 13F. Maybe they covered it all today but the short float as of Dec 31 was something like 100%. I won’t be surprised if the squeeze isn’t over and more short positions get their faces ripped off tomorrow my only regret was being too big a pussy to buy options and sticking to shares on this one
  14. I’m curious what the folks saying climate change legislation are envisioning
  15. Welp see you all back here in 2-3 years when we try to find the next up and comer. I thank the Lord above I was at least around for 05. We are light years away from that
  16. Fuck off CDC you piece of shit
  17. And we replaced him with a guy with a worse HC record and possibly likes the bottle even more than herm
  18. If this is true I'm fuckin out for another 4 years until we do this all over again. What a fucking joke
  19. No matter how much of a raging dumpster fire we are, aggy tears never stop tasting sweet
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