On February 05 2021 08:18 LegalLord wrote: At the price Gamestop is now, and how far it's gone since the initial $4 short selling brigade, it's hard to say that the hedge funds really "won" in the grand scheme of things. They merely cut their losses and averted the worst case scenario at the cost of some significant unfavorable press.
Robinhood is the pretty clear loser since this derailed their IPO something fierce.
The wsb Vs hedge funds narrative has always been dumb. Some hedge funds lost but others won big.
On February 05 2021 14:52 evilfatsh1t wrote: did he provide any reasoning as to why he is/was still holding? some of the comments speculate that if he sold at the top he would potentially be in trouble with the sec but im not sure why that would be, especially since some people dont consider the whole saga to be manipulation on wsb's part
On February 05 2021 14:45 KwarK wrote: He was “only” holding 50k shares and options on 50k more by the end. He started on closer to options on 450k shares but liquidated a lot of them for $13m cash.
when did he liquidate the majority? so he did in fact cash out a large portion near the top? good for him
Some of his option contracts expired so he exercised them.
On February 05 2021 14:52 evilfatsh1t wrote: did he provide any reasoning as to why he is/was still holding? some of the comments speculate that if he sold at the top he would potentially be in trouble with the sec but im not sure why that would be, especially since some people dont consider the whole saga to be manipulation on wsb's part
On February 05 2021 14:45 KwarK wrote: He was “only” holding 50k shares and options on 50k more by the end. He started on closer to options on 450k shares but liquidated a lot of them for $13m cash.
when did he liquidate the majority? so he did in fact cash out a large portion near the top? good for him
He rolled some of them out to later expirations a few months ago. He had a bunch that expired mid January so before it really took off. He had 1,000 options (100k shares) expiring April and he sold half of those last week during the run up.
He’s completely in the clear regarding any kind of manipulation. He never encouraged shit and he didn’t participate at all in the mania, he was just already there in the background due to his prior holdings.
On February 05 2021 15:27 KwarK wrote: He’s completely in the clear regarding any kind of manipulation. He never encouraged shit and he didn’t participate at all in the mania, he was just already there in the background due to his prior holdings.
This is the most hilarious part of the whole thing to me. You have reddit worshipping some guy who posted a meme buy a year ago. Is there any indication that he actually did anything at all or did he just get lucky that it took off?
On February 05 2021 15:27 KwarK wrote: He’s completely in the clear regarding any kind of manipulation. He never encouraged shit and he didn’t participate at all in the mania, he was just already there in the background due to his prior holdings.
This is the most hilarious part of the whole thing to me. You have reddit worshipping some guy who posted a meme buy a year ago. Is there any indication that he actually did anything at all or did he just get lucky that it took off?
It was trading below liquidation value. He's an accountant and did his due diligence on the financial statements and correctly identified that although it wasn't a popular stock it wasn't anywhere near bad enough to justify a valuation that low. I did the same thing when I bought it below $4 in July.
What makes him unusual is that he kept holding after the price corrected. His original thesis, that $4 was too low, proved correct but he didn't sell at $8.
On February 05 2021 15:27 KwarK wrote: He’s completely in the clear regarding any kind of manipulation. He never encouraged shit and he didn’t participate at all in the mania, he was just already there in the background due to his prior holdings.
This is the most hilarious part of the whole thing to me. You have reddit worshipping some guy who posted a meme buy a year ago. Is there any indication that he actually did anything at all or did he just get lucky that it took off?
And people saying he's an idiot for not selling at the high - He's got 14 million cash in his trading account, probably doesn't care anymore and just wanted to make the point.
On February 23 2020 09:01 lastprobeALIVE wrote: I have done well the past year with this strategy, TVIX if market dropping and FNGU if market steam rolling.
I got in FNGU@28$ a share, its 103$ now.
I'll only hold TVIX for a week tops
Almost a year to this date of post FNGU is trading @364.90 lol
It's pretty easy to learn about options using online sources, but probably find a mentor to run your ideas through first. Treat any money you invest into options as play money for the time being. Options can be used to safely hedge your main assets, or as a method for acquiring shares, but that takes a little experience.
Will see if any other big names follow. Tesla getting in is big, but if they're the only one the price is going to drop back down significantly. I don't see the transaction costs of bitcoin ever making it a viable currency personally, but we'll see.
On February 09 2021 02:49 Blitzkrieg0 wrote: Will see if any other big names follow. Tesla getting in is big, but if they're the only one the price is going to drop back down significantly. I don't see the transaction costs of bitcoin ever making it a viable currency personally, but we'll see.
Bitcoin is more of a value reserve, than a "viable" currency. It's certainly viable, just not particularly convenient; exactly like gold.
Got in GME decently early 151 @ $37 $50C for Jan 21, 2022 - that was about $1.5k worth that jumped to about 50k at peak
Then I got 300 more shares @ $100ish
Then just broke all my personal rules, completely ignored everything my brain was telling me (rebalance! at least sell some to get back your entry! etc.) because the hype was too real.
Sold off the the shit that was green and still holding on to 252 shares and the call option.
So, what do people think of gold? Thinking of investing in some because I'm sitting on more cash than I'd like in the wake of an obvious war on cash but don't really want to increase my stock position more than I'm already doing. An inflation-adjusted equivalent of cash, as gold portends to be, seems appealing for that purpose.
One trouble I've found is that physical bullion seems logistically problematic, and none of the gold ETFs seem to do a particularly good job of tracking the spot price of gold. Anyone have any insight on what the best way to invest in gold is?
EPT
![[image loading]](https://i.imgur.com/kbrhKUv.png)
