Reply to The Big Short- Gamestop

Forum Index » Money and Finances

Reply to "The Big Short- Gamestop"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here thank you to the English police and bagholder alert folks. Ive got an MBA and DGAF what you think of my writing.  I wrote about GME in December in this forum its a squeeze oppty of a lifetime.I already pocketed 6 Million on it  I am back now to take my ROTH into 8 figure land.

A flash crash could occur today just like it saw on Mar 10.. the catalysts still align and regardless of the next 40-80 points up or down there is close to 500 Million shares short on this stock.  A person named Marge N Call may be phoning a few Hedge Funds in the next few months.  When that buying frenzy ensues it will be the getchor popcorn ready moment of a lifetime.  No sky high share price will surprise me or anyone who researched this stock.  Bankruptcies will rain down on a few of the major players they had their chance to get out but chose to press the bet..quite an epic miscalculation of risk and leverage.[/quote]

So you sold, OP?  
I'm in for 88 shares in my Roth.  Too risk-averse to put the rest of my cash in. [/quote]

OP here I sold in January a wad of shares bought in the teens from December on the run up at the end of January.  Had sellers remorse bought back in starting in early March. AT 10 TIMES the PRICE!!!   Options, IRAs, regular taxable accounts, and a ROTH.  I will hold the Roth for last.  I see a path to 10M plus in just my ROTH.  That would equal 500k tax free annual income for the rest of my life.  I'd probably never touch the rest.  Not bad overall seeing as the non Roth stuff would be worth even more.

This "squeeze" hasn't started yet.  January was not a short squeeze it was a Gamma squeeze related to the call options.  The "real squeeze" is an epic meltdown of the hedge funds short positions.  Millions of shares margin called and forcibly closed out.  Many of these Hedge Funds will be liquidated.  The Depository Trust Clearing Corp will close their short positions for them.  They don't do this strategically, its just a closeout push of a button.  GME will moon when that happens.  10,000 a share?  Ha not even close.  Keep in mind the reported short positions and formulas for that calc are completely false.  None of the HFs have to report short put options and other shell game moves they play with their short positions.  Its a game of "yea we covered" take my word"  One fund Melvin Capital was short 6M shares as recently as February.  Even at 200 per share they dont have 1.2B laying around and certainly dont have $$ when GME hits $1000.  they are cornered, effed, and broke.  The DTCC has trillions to back them up.  Talk about a transfer of wealth!  Thank you for all the stupidity Melvin :) [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics