3 ms·
80% annualized is tiny on a daily basis - it's like 0.25%. They can afford to wait until next week when WSB has moved on to AMC and BB. Sustaining these high
by nostrademons 6y ago
80% annualized is tiny on a daily basis - it's like 0.25%. They can afford to wait until next week when WSB has moved on to AMC and BB. Sustaining these high prices requires a continuous influx of new money; once the folks who believe GME is going to $1000 have already bought, what's left are the folks who believe it's worth $10.
- delaaxe 6y agoExcept when it's already too shorted and there's nothing left to short
- conanbatt 6y agoIt's a huge tax. You cant hold that more than a few weeks and you need a huge upside.
- dcolkitt 6y ago> you need a huge upside. Shorting a stock at $300, when it was trading at $16 last month is pretty much the definition of huge upside.
- conanbatt 6y agoTrue, but 80% a year means that you might have to inmobilize a multiple of the capital and by 6 months lose half the investment. Note that if you short at 300 and it flash jumps to 1000 you are toast.