I’m still long GME and holding on to see if anything happens.
However, we still need to consider that the hedge funds likely covered a percentage of their shorts on the way up, and then they shorted all the way back down. We don’t know what their average short price is now. For all we know, they could be in the money (after taking the initial hit on the shorts they covered on the rally). They might not be getting charged millions in interest every day.
If you’re in it, I’d be prepared to be in it for the long haul. I’m not expecting anything to happen until Trump gets back in office. I expect we’ll continue to see prices slowly drift lower.
Think of it like the election. Trump exposed the blatant price manipulation for everyone to see. Also of note, there were a shit ton of calls sold the same day Robinhood and other brokers started restricting purchases. Collusion. I’m also fairly certain they are falsely reporting their positions. Obviously the SEC, Maxine Waters and Janet Yellen won’t do a thing for us. I’d be shocked if something happens before Trump returns.
I also have a feeling that the Space Force / NSA recorded all the applicable data to use against the hedge funds later on. I wonder if Trump watched it all go down in a SCIF lol?
I’m still long GME and holding on to see if anything happens.
However, we still need to consider that the hedge funds likely covered a percentage of their shorts on the way up, and then they shorted all the way back down. We don’t know what their average short price is now. For all we know, they could be in the money (after taking the initial hit on the shorts they covered on the rally). They might not be getting charged millions in interest every day.
If you’re in it, I’d be prepared to be in it for the long haul. I’m not expecting anything to happen until Trump gets back in office. I expect we’ll continue to see prices slowly drift lower.
Think of it like the election. Trump exposed the blatant price manipulation for everyone to see. Also of note, there were a shit ton of calls sold the same day Robinhood and other brokers started restricting purchases. Collusion. I’m also fairly certain they are falsely reporting their positions. Obviously the SEC, Maxine Waters and Janet Yellen won’t do a thing for us. I’d be shocked if something happens before Trump returns.
I also have a feeling that the Space Force / NSA recorded all the applicable data to use against the hedge funds later on. I wonder if Trump watched it all go down in a SCIF lol?