4 ms·
He stopped posting because he was actively the target of an SEC investigation. If I recall his last message was something like “I’m gonna have to stop these upd
by wayoutthere 6y ago
He stopped posting because he was actively the target of an SEC investigation. If I recall his last message was something like “I’m gonna have to stop these updates for a while. Pretty sure you all know why.” He never claimed he wasn’t taking profits; he was drawing down his position every week with new slates of options once that week expired. Because that’s how you play options. That neophyte redditors who have been trading options for 6 months don’t understand what he’s doing is beside the point — which is why the general rule of thumb for retail investors is to avoid options trading entirely.
There’s still a long tail on the GME drama only because a bunch of people who run /r/wsb are looking to milk the whole thing for what it’s worth. The whole game was already over by the time the mainstream press even mentioned Reddit.
- mrtksn 6y agoOh I don't blame him even a bit. I'm just confused by the folklore going on around this situation. I even had livid leftist friends calling me to tell me about the end of the capitalism and libertarian friends excited about sticking it to the establishment. That was not my impression but maybe I got it wrong and maybe they are right. Nevertheless I enjoyed the saga, I don't trade. It's too stressful for me when I have a skin in the game.
- wayoutthere 6y agoThe great irony is that the establishment ended up winning the whole thing. Your leftist friends may still be right though — 2021 has only just started!