|
![]() |
#6811 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $620400
|
I forgot to include my stock options. With those included the daily loss is around $350k. I am an optimist and this just means I will have some nice gains in the future as the stock (eventually) rebounds.
|
Posts: 1,799
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6812 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
Casino cash: $1896717
|
So when is the right time to short gamestop? Its going to crash because there is no future in physical games media. None whatsoever.
|
Posts: 14,404
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6813 |
Thread I will end you.......
Join Date: Apr 2007
Location: Kansas City, KS
Casino cash: $522608
![]() |
__________________
![]() Patrick Mahomes II MVP 2X Super Bowl MVP 3x Travis Kelce TE GOAT |
Posts: 9,657
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6814 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Casino cash: $4339601
|
Looks like AAPL totes crushed all sales records. Hope it skyrockets overnight.
This GME AMC BBBY crap might crash the market. Traditional investors seem to be freaking out. But if I had any of those stocks I’d just set a sell at 4x or something and be happy with that Really this is like a pyramid scheme. People are going to get hosed. If you buy a short and the stock goes up the amount of your purchase, the broker puts a call on you to either sell it back (at 100 percent loss to you) or add more money to cover it. |
Posts: 11,890
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6815 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $726899
|
I would HOPE that the rest of the market would be relatively fine. It's not like short selling is the norm. But who knows. When you've got a bunch of coordinated, angsty people who are out to prove a point rather than make good financial decisions, weird shit happens.
|
Posts: 52,212
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6816 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
|
I was going to sell a put option on GME today and Schwab wouldn't let me do it. The message said my account was not set up for that type of trade. My broker called and talked to them and had a different excuse. They're not supposed to do it but they just refused to let me make the trade. Basically kept me from making $10,000.00.
__________________
[/SIGPIC] |
Posts: 15,307
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6817 | |
In Search of a Life
Join Date: Jan 2010
Location: L.A.
Casino cash: $1684284
|
Quote:
Some good stuff here from Chamath. |
|
Posts: 27,435
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6818 | |
▓▓▒▒▒▒▒▒▒▒▒▒▒▒▓▓
Join Date: Jan 2009
Casino cash: $1185743
|
Quote:
|
|
Posts: 64,061
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6819 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $726899
|
Quote:
My concern is mainly that, while it's funny in a way to see big hedge funds get slapped I guess, the people who are currently "investing" in GME don't have any real reason for doing so. Yes, the shorts having to sell is pushing the price higher right now, but very soon the bottom will inevitably drop out, and people are going to lose a ton of money. And the losers aren't going to be hedge fund owners - they'll be all of the people who got caught up in the hysteria on WSB. In the end, it's a lose-lose situation for all except the handful who manage to get lucky and time it perfectly. |
|
Posts: 52,212
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6820 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1956869
|
Quote:
Schwab did you a favor there assuming you are approved for Tier 2 options trading.
__________________
Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South |
|
Posts: 43,629
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6821 | |
Veteran
Join Date: Dec 2006
Location: Indiana
Casino cash: $9472813
|
Quote:
Hopefully for us normies it doesn't go too much further. |
|
Posts: 4,579
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6822 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
Casino cash: $346198
|
I have an account setup for level 3 and I use a service to give me the trades to make. There's always risk but so far I've hit on 100% of these trades and never had to buy the stock. For the Game Stop trade the strike price was.....$10.00 so the stock would have had to go down 97% for me to have to buy the stock.
__________________
[/SIGPIC] |
Posts: 15,307
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6823 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
|
__________________
![]() |
Posts: 54,038
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6824 |
I'll be back.
Join Date: Nov 2002
Casino cash: $3410478
|
Discord banned r/WallStreetBets
__________________
Chiefs game films |
Posts: 284,790
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#6825 | |
The Seated Villain
Join Date: Apr 2007
Location: Seattle
Casino cash: $1470247
|
Quote:
__________________
With a sack in 61% of his games, SB MVP Von Miller is the most consistent pass rusher in NFL history. |
|
Posts: 10,670
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() ![]() |
|
|