Noted, listening and pondering, but have you actually walked into a Game Stop lately?
I used to frequent there all the time. I went about a two weeks ago and it was depressing, slow and a lack of merchandise that even vaguely peaked my interest and I have a hard time fighting against long term fundamentals. So, going long in Block Busters was once a good idea until it wasn't.
I do recognize the short squeeze potential but I also recognize that history repeats itself and I have seen this before and would caution you as a wise investor to take your profits very soon.
As for me, if I do invest, it will be in those horrid Put contracts, you find so detestable.
So your unprofessional opinion would be to buy 5 or above tier "in the money" Call contracts and buy some popcorn and watch the show?
No it would not.
I personally bought long and hold in direct registration.
Every option contract is resulting in more synthetic shares being introduced. They are all FTD's. Not many real shares left at the DTCC.
Either way though - this is happening, and soon.
Everyone has to make the decision for themselves on what to do or not do.
I never listen to strangers in windowless vans, OR the internet.
Noted, listening and pondering, but have you actually walked into a Game Stop lately?
I used to frequent there all the time. I went about a two weeks ago and it was depressing, slow and a lack of merchandise that even vaguely peaked my interest and I have a hard time fighting against long term fundamentals. So, going long in Block Busters was once a good idea until it wasn't.
I think for sure, you should not invest. It doesn't sound right for you.
I would never - EVER - encourage people to invest in something they didn't feel good about, that would always be a bad idea.
Me? I am super happy.
I do recognize the short squeeze potential but I also recognize that history repeats itself and I have seen this before and would caution you as a wise investor to take your profits very soon.
As for me, if I do invest, it will be in those horrid Put contracts, you find so detestable.
No shortage of people getting burned badly buying GME contracts. Can't lose with some shares at a broker and some shares at Computershare.