5 ms·
Money was of dumb shorts that got liquidated today. Not people like me, wether theses are hedge funds or small time wanna be traders i don't care. So smart to s
by Lionga 2y ago
Money was of dumb shorts that got liquidated today. Not people like me, wether theses are hedge funds or small time wanna be traders i don't care. So smart to sell something you don't own and take on a potential unlimited loss.
But yeha I am very morally fraught for buying and selling a stock, not people selling something they don't even have.
- kasey_junk 2y agoHonestly curious, have you closed out your GameStop position or are you marking to market your shares?
- Lionga 2y agoSold about half yesterday at 75$. Will let the rest ride, or buy in again if it drops to low. Did the same little game 5 times over the last 3 years, made 7 figures.
- kasey_junk 2y agoSo that’s not really a mother of all shorts play right? You have some other thesis about when to get in and out otherwise each of your sells works against the broader short squeeze. Sounds like you are doing a pretty traditional volatility trade with occasional profit taking. Will be curious what the total return will be once you close out the position totally.
- Lionga 2y agoPeople who think that GME will sell for "phone numbers as price" (gov / brokers / SEC will step in before, tiny, tiny chance it might happen if they would not) are about as dumb as people who think everything is cool and normal with GME. Profit for now is seven figures, we will see.