171–180 of 554 posts
Just out of curiosity, is GameStop legally allowed to issue a special dividend, which would further squeeze the remaining shorts?
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It says as much in the article. He literally just thought GME was undervalued on its merits. He had no intention of creating a squeeze or punishing Melvin.
The guy struck rich! Same with people who shorted crude last year when it went straight to -40. Billions were made.
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> The stock market has never done anything for me. I mean, it could, if you were to invest. > Shareholders making money out of my work is not exactly in my interests, nor is it in the interest of the majority of the world’s workers. So instead of, say, encouraging people to learn how to invest, and maybe even incentivizing firms to allocate shares to their employees, you'd rather just have the whole stock market burn…
Statistically, in a zero sum game, where all players are equally skilled and the winner of each transaction is determined at random. The more transaction made, the more the wealth accumulates. What this means is, that unless you are already one of the richest person on the stock markets, your most likely outcome is that you will loose money by participating. So—unless you are already rich—your optimal strategy is not…
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AMD in 2015. NVDIA same period. Literally all the positions of Citron that Andrew Left missed the mark with over an order of magnitude difference. Many tech companies.
Here's a quote from your guy DFV: "Well as a longer-term investor I have the benefit of heavily discounting daily moves. I care much more about the longer-term charts, and these have been fairly constructive for months now. Even today, after the typical quarterly sell-off, the longer-term chart still looks decent so there’s been nothing to panic over. Let’s see what the price does over the next few weeks. Of course c…
The issue with tech, much like math, is that it often takes a while to figure out all the potential, case in point GPGPUs and Deep Learning revolution. The tech, the ideas, the internal code/models, the people (Jim Keller in AMD, and TSLA) are all catalysts that can't be quantified in the same way as traditional 'fundamentals' are treated.
He posted his daily update today, he has not sold his shares through all of this chaos. Talk about "diamond hands". https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme_...
How much does a successful youtuber/internet personality make? It seems like he might have even some economic incentive not to jump ship and risk losing social cache
On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…
I wouldn’t be terribly surprised if some big players have carefully arranged to have large short interest but to be hedged against large upswings. This could be an expensive position to carry, but it could be quite profitable if people thought they were squeezing an unsqueezable short.
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It's a compelling story with multiple, interesting and intertwining narratives. - An unprecedented and uncoordinated but sophisticated financial engineering play driven by an internet community. - There is a loose analogy to the terrorist attack on the Capitol, an internet community organizing to destroy existing institutions. - The ongoing class warfare that was highlighted by Occupy Wallstreet, 2008 crash and bailo…
Plus the story had somehow intertwined all these big named hedge funds, Melvin, Citadel, with real losses in the Billions (capital B), all being covered by every major news outlet and commented on by major politicians and celebrities. Life is strange. It’s a Cinderella story if you look at it from the pure narrative perspective. If anyone ever makes a documentary/movie about it, it should be a dark comedy - money is…
Personally I'm looking forward to reading the Michael Lewis book.
On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…
> beginning of another stock market crash
Hmm sounds like it's working then..
Going off of the resentment against the 'elites' in wsb comments to the tune of "I started broke and I'll go broke again but if the rich go broke..."
web archive: http://archive.today/iP9IX
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GME is absolutely going to crash and everyone knows it. There was a mod post just today reminding everyone to be ready. The stock is worth $10-20 on it's merits and that's where it will land. We just don't know when. The chance of this as a contagion that brings down indexes seems very unlikely.
I think this whole episode might cause the next market sell-off: (1) fund degrossing as the initial driver - already happening (2) everyone is being reminded of 99/00 mania (3) uncertain regulatory environment surrounding trading (4) worries of systemic risks created by bubble GME going higher is likely to trigger it more than it dropping off right now