At this point everyone will have their own definition of winning. Don't lose money and make the hedge funds bleed is probably the most common goal
2021 Stock Market
- Thread starter Mtowncyclone13
- Start date
At this point everyone will have their own definition of winning. Don't lose money and make the hedge funds bleed is probably the most common goal
Ok, so they can actually choose to exercise them. In commodities nothing happens until close and its automatic. Had some drop a quarter of a cent one time and put some I was on the wrong side of trip on me. Ticks you off.
I just don't see how they enforce that. What if someone takes the $1,400 and just swaps it with $1,400 they already have in savings?
Depends on if they (the shorts) actually start to cover, OR if they (again, the shorts) just roll out their contracts with more "paid interest" for said contracts.
Where today will get interesting is seeing how many deep OTM (out of the money) calls become ITM (in the money) because of the "rocket fuel" and then how many call options are exercised (aka YES I'd like my 100 shares at $145.00 please) - from what I understood in the "nuclear link" posted earlier - stock liquidity and "failure to deliver" were the driving force behind yesterday's shenanigans. I'd expect those would be the issue again today.
As far as for landing on the moon/ sailing beyond to Pluto (again, no expert. amateur autist - AT BEST) the ride really depends on WHEN the covering begins. It'll likely take a few days to cover since the original short interest was >100% of the float (shares available in the company) and WSB seems pretty adamant about holding the shares they own.
All I know is I'm glad Fidelity allowed me to strap on the dip yesterday - it's about more than $300 in $GME for me. Shorts kill small companies opportunities at growth and force more dilution on the retail crowd to make more money (seen it 100x in Biotech offerings). I've been warming up these diamond hands since I first put money into the markets.
They were only shorted 70-80% so yes but not as bad as the mother of all squeezes, Gamestop. Which has levels not seen since 2008
I love when Buffett tosses down $500MM or $1B on a stock and shoots up that day and no one shuts it down.
It might not moon until next week, but every day this drags on costs the shorts billions.
Why do you think he announces what he does, it gives him about a five percent gain just doing that.
This has been a steady increase building over a couple weeks with several gamma squeezes. The true ending of a short squeeze will be a violent increase, not just a 75% daily gain. I'm talking jumping from $500 to $2,000 for example.
Space is only 122,000 meters up. The moon is 384,400,000 meters.
We got a long way to go
Last shot to get in on the rocket
