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AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

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Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#181

Post by toast0 »

xapata wrote: post #111
nprz wrote: post #97

Earlier quoted context omitted.

> that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down Can you provide a single case of someone losing their entire life savings by YOLOing it on GME at the top?

So strange that YOLO has come to mean the opposite of what one would do if worried about the fact one only lives once. But I guess that's true for much slang.

YOLO has always meant, you only live once, gotta try everything. Not you only live once, make it last as long as possible and never do anything dangerous or with possible (probable even) negative repercussions.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#182

Post by jpsalm »

dougmwne wrote: post #85

Watching HN get caught up in this Gamestop bubble over the past week has been eye-opening to me about the community. The kind of information being spread around WSB was fully ridiculous. Wild conspiracy theories, financial advice with no basis in reality, astroturfing, and mob behavior. There has been an incredible amount of bleed-over between the garbage I've seen posted on WSB and the things posted in these HN thre…

> Wild conspiracy theories, financial advice with no basis in reality, astroturfing, and mob behavior.

Like convincing the world that 'short ladder attacks' were a thing.

https://money.stackexchange.com/questions/135807/closing-sho...

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#183

Post by ac2u »

cperciva wrote: post #110
notyourday wrote: post #94

Earlier quoted context omitted.

> There are plenty of "Average people" that entered near the top, and since not everyone can sell simultaneously, that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down. Most of "average people" entered at or near the top. The ones that did not were so engaged in gambling that they did not sell when it did 20x return. Call it what it is: fear of missing…

I think DeepFuckingValue is smarter than you give him credit for. It's worth leaving $20M on the table if it lets you tell the SEC "look, I'm clearly an idiot, there's no way I could have been deliberately engineering a pump and dump scheme". Better to take $15M of profit than to gamble $35M on the SEC deciding not to prosecute.

If he did offload his entire position at the "top", and became seen as a symbolic catalyst of a subsequent drop, I reckon it's randomers on the internet that took a loss that he'd be more worried about.

Especially when the newspapers decided to plaster his real identity all over the place.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#184

Post by joshgachnang »

majormajor wrote: post #156
NicoJuicy wrote: post #140

Earlier quoted context omitted.

Not sure what I'm missing here I'm currently awaiting 9 February for the shorts interest to be released, to see if they are right or wrong. I think it's really interesting what's happening/happened. I'm not sure if I see a fallacy, that if you can hold a squeeze that another squeeze could happen if enough shorts stay open. Anyone can elaborate on that? Taking into account that shorting costs money ( 30% interest at a…

Before it was February 9 it was last Friday... ;) > Taking into account that shorting costs money, people can hold longer than shorts. And buying them would make the available pool to buy back much smaller. The volume being traded has been incredibly high, the available pool to buy hasn't been small. More than the total number of outstanding shares has traded per day over the last 10 days. https://finance.yahoo.com/q…

> More than the total number of outstanding shares has traded per day over the last 10 days.

This is important, but more important is what percent of those were used to cover shorts. If a large portion wind up in retail's hands or are part of the theory of hedge funds selling back and forth (I haven't seen much concrete evidence of that), that volume doesn't change the math much.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#185

Post by eulers_secret »

jcranmer wrote: post #121
nprz wrote: post #97

Earlier quoted context omitted.

> that means a ton of people are losing the life savings they dumped into this out of excitement as it crashed back down Can you provide a single case of someone losing their entire life savings by YOLOing it on GME at the top?

The Washington Post had an article yesterday about someone who was apparently $400k down on GME ( https://www.washingtonpost.com/technology/2021/02/02/gamesto... ): > The Reddit poster Volkswagens1, who declined to give his name but said he lives in the Pacific Northwest, showed The Washington Post an image indicating roughly $400,000 in potential GameStop losses from the day but insisted he would not sell. > He said…

$400K is 1/2 the average cost of a house in Seattle. I'd suggest there's an argument that if you can't own (no mortgage) a house in your area, you're still 'poor'.

Still not a great move to dump your entire worth into meme stocks.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#186

Post by tshaddox »

umvi wrote: post #77
tshaddox wrote: post #68

Earlier quoted context omitted.

That's clearly not a lesson one can only learn by losing money.

Some people learn not to touch fire by reading a book or learning from the mistakes of others. For others, the only way they learn not to touch fire is by touching it.

There's a big difference between "the only way you can learn" and "the only way you will learn."

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#187

Post by NicoJuicy »

majormajor wrote: post #156
NicoJuicy wrote: post #140

Earlier quoted context omitted.

Not sure what I'm missing here I'm currently awaiting 9 February for the shorts interest to be released, to see if they are right or wrong. I think it's really interesting what's happening/happened. I'm not sure if I see a fallacy, that if you can hold a squeeze that another squeeze could happen if enough shorts stay open. Anyone can elaborate on that? Taking into account that shorting costs money ( 30% interest at a…

Before it was February 9 it was last Friday... ;) > Taking into account that shorting costs money, people can hold longer than shorts. And buying them would make the available pool to buy back much smaller. The volume being traded has been incredibly high, the available pool to buy hasn't been small. More than the total number of outstanding shares has traded per day over the last 10 days. https://finance.yahoo.com/q…

It was always 9 february to me: http://www.nasdaqtrader.com/trader.aspx?id=shortintpubsch ( see Dissemination date)

That's an official date to release short interest.

And I don't disagree with feeling good with shorting at 300-400. But none of the info you just gave me invalidates my reasoning.

Considering there were 139% shorts which is way higher than the normally available pool, which we'll see on the 9th February ( as stated before)

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#188

Post by nprz »

kortilla wrote: post #147
dougmwne wrote: post #85

Watching HN get caught up in this Gamestop bubble over the past week has been eye-opening to me about the community. The kind of information being spread around WSB was fully ridiculous. Wild conspiracy theories, financial advice with no basis in reality, astroturfing, and mob behavior. There has been an incredible amount of bleed-over between the garbage I've seen posted on WSB and the things posted in these HN thre…

> Here is a truism for you all: In any casino Wall Street is not a casino in this regard. There is no “house edge”.

I'm gonna go out on a limb here and suggest the group with teams of PhDs writing high frequency trading algorithms might have an advantage over a dude with a Robinhood account.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#189

Post by unobtaniumstool »

cashewchoo wrote: post #160
z9e wrote: post #115

Earlier quoted context omitted.

I struggle to see the political claim that these people are being flooded with Trumpers. This event was and has been pretty bipartisan. From what I’ve seen thus far is the media trying to use the Q / Trumper angle against this community to tarnish its public perception and recent novelty. I am happy to be proven wrong though, I just don’t see it.

I'm necessarily saying it's "Trumpers", just that lots of the rhetoric, especially stuff that gets to the front page of r/all, seems to be the kind of all-caps, hyper-reductionist, chest-beating "SO MUCH WINNING" kind of rhetoric we saw in 2016. I do think this is bipartisan, in that there's no one side of the political spectrum that's flooding in here, but I think we're seeing the kind of hype devices that were used…

This is entirely true, and easily verified by checking subreddit user overlap. WSB overlaps heavily with a number of right-wing subreddits, and, naturally, /r/unemployment.

Re: AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains

#190

Post by optimalsolver »

jb775 wrote: post #177
dougmwne wrote: post #85

Watching HN get caught up in this Gamestop bubble over the past week has been eye-opening to me about the community. The kind of information being spread around WSB was fully ridiculous. Wild conspiracy theories, financial advice with no basis in reality, astroturfing, and mob behavior. There has been an incredible amount of bleed-over between the garbage I've seen posted on WSB and the things posted in these HN thre…

Hindsight is 20/20. Being the guy on the sidelines saying "I knew this was gonna happen" after the fact never adds any value. It's you trying to make yourself feel special. If you were so confident in your predictions, show me where you shorted the stock and made a bunch of money off it going down. If not, please stfu with your grandmom truisms.

How much did you lose?
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