3 ms·
There's no loss until the stock is sold. Personally, I'm holding mine and I'm only down a bit right now. I see no reason to sell. MSM badly wants the stock to t
by k33n 6y ago
There's no loss until the stock is sold. Personally, I'm holding mine and I'm only down a bit right now. I see no reason to sell. MSM badly wants the stock to tank so the shorts get covered. Won't happen.
- kbar13 6y agolook you're welcome to your opinion, but by looking at longevity of memes on the internet and all the facts from financial reports, the dream's dead.
- k33n 6y agoSo you're denying that there's still significant short interest on GME? You're certainly welcome to take that position if you'd like! Edit: And as for your comment below, there isn't enough downward momentum for the shorts to be covered as of now. Just opening a short position is quite dangerous, and mathematically, this is not over yet. That's a fact. I also don't gamble with money I can't afford to lose. GME could go to 0 and I wouldn't bat an eye. Edit again since I'm throttled: I think the idea that it's time for me to make a judgment one way or another on the effectiveness of the investment is a fallacy in itself. I don't invest that way. It would take at least a year for me to reach a point where I am ready to say whether any given investment was a bad or good one.
- kbar13 6y agoi'm saying the momentum that drove tons of buy orders pushing the price up is gone. therefore there's no significant danger to short positions. look, i've been there before, lost significant money (down payment for a house in sf type money) making big YOLO bets... you gotta extricate yourself from the emotions and cut your losses at some point and move on.
- k33n 6y agoNah I'm set
- rebuilder 6y agoYou might as well say it's a 100% loss until you sell. After all, it's money you can't spend.
- xxs 6y agoTechnically you get dividends.
- function_seven 6y agoGameStop has not paid out a dividend since March 2019. So, not even that.
- Bud 6y agoNo, you don't. Not for a company that is making zero profit.
- k33n 6y agoThat's not how investment works.
- rebuilder 6y agoNeither of the absurd oversimplifications the two of us have offered are how investment works. That was kind of my point. That said, I still think my provocation is more on point. See: opportunity cost.
- k33n 6y agoYour comments may be absurd, but mine are based on my actual investment strategy. You’re just yelling at a guy who is doing his thing.