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They have plenty of shares available to use for their shorts this time. This is evident because they are buying up shares and then dumping them. They could easily buy up those shares, or just accumulate them by now. The apes are assuming that the shorts are really really stupid.
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I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
I still have 55 shares.
I thought I sold them all.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Short sellers never manipulate markets? Only long traders do?
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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The interest rate for shorted shares is less than 2%. That means there's plenty.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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"The phrase “don’t try this at home” was possibly made for moments like this.
Bond king and Pacific Investment Management Co-founder Bill Gross said he made $10 million shorting GameStop GME, 5.11% stock during the retail frenzy for the shares earlier this year but not before the retired billionaire lost several million dollars.
He explained to Bloomberg Television in an interview on Tuesday how that trade went down. “I got in too early. I got in with options like a good Robin Hood trader, I guess..and sold calls at around the $150, $200 level,” said Gross, who added that then shares went up to $400.
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“I did manage to overcome my insecurities and ride it all the way back down in terms of getting out,” said Gross. “I was in the hole by about $10 million, but I’m about the same amount above ground.”
A call option is a financial instrument that gives the holder the right, but not the obligation to buy an underlying security at a set price, known as the strike price, meaning that Gross would have been obliged to buy the stock at a higher price than he sold it when the option was exercised.
Gross said he’s still got back into GameStop shares and is still selling call options at the $250 and $300 per share level. If those shares exceed those levels, the billionaire could find himself losing money again. “The volatility is super high and that promotes an ability to make some money,” he said.
Indeed, GameStop shares have been the target of short sellers this year, battling in part individual investors organized by Reddit’s WallStreetBets crowds. The drama has sparked an investigation in Congress, which continues Wednesday, into the short squeeze of GameStop, AMC Entertainment AMC, 2.00% and other shares..."I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Interesting. Both of the short attacks occurred between $250 and 350 prices.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Did Kid actually make money on this?Comment
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Originally posted by giblets View Post
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Kid probably made much more than I. I think that Kid had a lot more risk than I (and still probably does).Originally posted by giblets View Post
JMJon Miller-
I AM.CANADIAN
GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.Comment
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Yes. I invested 20k. I made about 170k. Then I lost about 20k. Now I only have about 10k invested in GameStop.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Nice."Comment
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Thank youI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Should cover your alimony cheques.
One day Canada will rule the world, and then we'll all be sorry.Comment
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I never had to pay. Just child support and that's all paid for. I still have a college loan but I'm not paying that off in lump sum. I'm going to sell options with that. Anyway, that's what the plan is right now.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I will probably buy a house too. (Or condo)I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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