holy crap i saw WSB freaking out about GME
but i had no clue it went up 10$ in a single day! that is nuts
but i had no clue it went up 10$ in a single day! that is nuts
Couple of days ago, hedge funds and other dumb players had shorted more than the entire float of GME. Gamestop has around 69.75 million shares total. Yet the shorts and other morons were short 71.2 million shares of GME as of Dec. 31, 2020. That's greater than 100% of the float short. These are fools. You have stupid people like this running "professional" money. Under no circumstances do you short a stock that has that kind of ridiculous short interest level. To do so is potential suicide. Your risk/reward on a play like this as a short is so bad. Especially if that company is not going out of business tomorrow. All it takes is couple shorts to panic and it will cause mad dash for the exit. And that exit is the size of tiny mouse hole. And everyone is trying to exit through that same tiny hole. The shorts are going to get killed. It's not just going to be a squeeze. There won't be any pulp left after the squeeze. These short morons are trapped. And their only chance of escape is if they buy back their short shares. Which will cause another big spike. Shorts are fucked and any action they perform will kill them. Yesterday was just the beginning. Morons. They all deserve it.holy crap i saw WSB freaking out about GME
but i had no clue it went up 10$ in a single day! that is nuts
APHA earnings after the close today. Just in case you might not be aware and get caught off guard playing with a stock that's reporting today....and of course weed continues to rally...
Short 15 APHA $12P @ .63
As mentioned earlier I think the sector may continue to gain leading up to legalization later this year.
Can't they short the same shares at different prices?Couple of days ago, hedge funds and other dumb players had shorted more than the entire float of GME. Gamestop has around 69.75 million shares total. Yet the shorts and other morons were short 71.2 million shares of GME as of Dec. 31, 2020. That's greater than 100% of the float short. These are fools. You have stupid people like this running "professional" money. Under no circumstances do you short a stock that has that kind of ridiculous short interest level. To do so is potential suicide. Your risk/reward on a play like this as a short is so bad. Especially if that company is not going out of business tomorrow. All it takes is couple shorts to panic and it will cause mad dash for the exit. And that exit is the size of tiny mouse hole. And everyone is trying to exit through that same tiny hole. The shorts are going to get killed. It's not just going to be a squeeze. There won't be any pulp left after the squeeze. These short morons are trapped. And their only chance of escape is if they buy back their short shares. Which will cause another big spike. Shorts are fucked and any action they perform will kill them. Yesterday was just the beginning. Morons. They all deserve it.
APHA earnings after the close today. Just in case you might not be aware and get caught off guard playing with a stock that's reporting today.
lol. I thought the earnings were after the close today and not before the open. Oops. I'm still holding 1,500 shares with no plans to sell.Thanks for the heads up. But thankfully earnings are out. Losses increased but revs exploded. The continued growth in rev expectations after the merger and US expansion are what is driving the big move today.
The options expire tomorrow. I'm going to let them ride.
BB up a buck fifty aftermarket.
Well #$&% me in the $%*&(* &*^(* and &^(&( my $&&#%$& in a ^*%*.
Dude! I was so going to buy BB back at $7 and SPCE when it was $25.
I bought 1000 SAVA yesterday @ 10.40 and sold Fridays 10c for .85......an hour later the damn thing hit $12.75, up 40%
I've had the 1000 shares for a while and sold $10 calls for January. Then BB tanked and eventually I bought back the Jan calls and sold $9 calls for Summer. Now BB is on fire.
So I probably have dead money on my hands until the expiration date. Luckily its only around $7800.
Thats part of the reason why I dont sell options too far out. Weeklys are as far as I will go unless there is compelling reason like shorting the NNDM $10 puts last week (which I bought back too soon btw). This way, if something goes wrong, I dont have long to wait for the trade to unwind.
Sometimes I just throw up my hands, buy back the calls, dump the stock and start over. Usually there is no extra gain or loss. Other times it pays to wait.
Im not sure what BB's deal is but if history is any guide, the last big pump did not last too long. I wonder if when the hype is gone it goes back sub to $10 again, maybe even back close to $9. But who knows in this crazy market what will happen.
Damn, you play all the WSB plays. You have calls on PLTR too? lol.My BB calls are in the money. LOL
My BB calls are in the money. LOL
Damn, you play all the WSB plays. You have calls on PLTR too? lol.
It's like we went back in time to year 2006 with people buying Gamestop and Blackberry shares. Now we need to bring back JDSU (Just Don't Sell Us) and Pets.com from Dotcom days. Then the circle will be complete.
Or DRYS shipping. So many morons got fleeced by that corrupt company.
Have you looked at Arcimoto (FUV)? They're like SOLO and make 1 or 2 seater EV vehicles. I looked at FUV when it was around $6.50. Founder is all in on FUV which I like and they have some support from Tesla investor community. Sandy Monro is helping Arcimoto with manufacturing efficiency and Rob from Tesla Daily did Youtube interview with Arcimoto founder and CEO which you can search and watch. FUV have been on my radar but I haven't pulled the trigger yet.I sold puts on PLTR back in the 19s. But I also own shares.
Just exited my BB calls and last of GME calls. My SOLO calls expiring today will expire worthless, but at least I won on the others
Have you looked at Arcimoto (FUV)? They're like SOLO and make 1 or 2 seater EV vehicles. I looked at FUV when it was around $6.50. Founder is all in on FUV which I like and they have some support from Tesla investor community. Sandy Monro is helping Arcimoto with manufacturing efficiency and Rob from Tesla Daily did Youtube interview with Arcimoto founder and CEO which you can search and watch. FUV have been on my radar but I haven't pulled the trigger yet.