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Any guesses what caused the events before the short squeeze? Being e-commerce adjacent when that sector is overpriced? Having the rough infrastructure for transition to e-commerce. Physical stores that might have some value when people get to play outside again, assuming those are transformed to something less Blockbusteresque. Just too much investment capital floating around? -
no one ever went busto from taking profits.
fun GME facts; michael burry of big short fame had a massive long position in them that he opened like a year or so before microsoft partnered with them. much of fintwit myself included had a good laugh about it before that announcement dropped.
its unclear if he held his positions through the recent dip but i kinda hope so because fuck that guy.Leave a comment:
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got chicken sold . Doubled money on calls, made small change on puts. All in all a good day.Leave a comment:
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On a day where it is up 70%, I closed out the $22 puts for > what I bought them. Someone likely hit "market" instead of doing a limit order.
I debated holding them for the inevitable drop but preferred taking down a small gain on them.Leave a comment:
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like i have zero doubt youll have opportunity to close out both legs green within the next 5 weeks.Leave a comment:
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