tsuag10 said:

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GME $165 AH

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$176...will we see $200? LOL

181

tsuag10 said:

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GME $165 AH

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185

190 incoming

W
T
F

AgCPA95 said:

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tsuag10 said:

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GME $165 AH

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$176...will we see $200? LOL

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$192. Insane

Jockbrock said:

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McInnis, you da man for bringing this to my attention. I had a little dry powder and took a small starting position here. My wife & I are talking about how much we want to put toward this. Her mom has recently been diagnosed with early stages and this could be a game changer on two fronts for us. Let's hope the drug works and that PT is correct. Would really help our family give her care.

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tsuag10 said:

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GME $165 AH

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Elon Musk tweeted about it....

It will hit $200 tomorrow for sure.

Can't DM, but hopefully this counts.

Decay said:

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tsuag10 said:

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This is the type of thing that lends credence to the folks who say "the stock market isn't real".

Bananas

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The money is real... the motives however...

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Melvin Capital is down another 25% today on their short position in GME.

Doesn't a short position have infinite losses? Did they hedge with options maybe?

Playing WWR long term in my retirement account and bought a position in my taxable account.

Sold share today to capture gains in that account when it hit $8.20.

That said - any advice on how to "set aside"
cash for taxes?

Keep buying more stocks and sell some when the tax man calls because stocks only go up? Set aside what ya think you'll need in taxes in a separate account

Feels like you'd wanna keep making money and deal with it when the bill shows up. But wiser men than me are here so open to ideas.

Thanks!

bmks270 said:

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Doesn't a short position have infinite losses? Did they hedge with options maybe?

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So from what I can gather, there is this huge fight between WSB and the hedge funds on keeping the price lower. They have a shytload of calls that are in the money at the moment that are expiring on Friday. So they will either have to buy to cover and push the price up if they close the position or work to find shares to source to all the now ITM calls on $GME.

tsuag10 said:

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GME $165 AH

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Tendies for every grown ass man child

$TTOO at 3.18 AH

gotsand said:

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The short float exceeded the number of shares available by something like 30%. Greed did them in.

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The shorts percentage of float today was still like 137-138%.

Greed is going to be the undoing factor on both sides. The WSBers can get burned but they are small retail. What happens if dear old Melvin doesn't close and they crumble?

Decay said:

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Rice and Fries said:

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Decay said:

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tsuag10 said:

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This is the type of thing that lends credence to the folks who say "the stock market isn't real".

Bananas

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The money is real... the motives however...

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Melvin Capital is down another 25% today on their short position in GME.

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Maybe they shouldn't be extending themselves so much then. Even u/YoloMc69Swag knows better than that.

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This is a black swan in the world of hedge fund management. A message board targeting your holding.

So can the big shorts hold out long enough to recover some losses? What risk management group liquidates in this case? Is the fund it's own broker? Or can they be forced to liquidate? Can the losses exceed their ability to pay? What happens then?

I understand if an individual exceeds their margin loan on a short they get liquidated by the broker, but who liquidates a hedge fund? And are their pockets deep enough to ride this short squeeze through to the other side?

.. and going.

I'm showing last trade on $GME at 209.85...this is all just stupid

$220... sweet sassy molassy

$230

M.C. Swag said:

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Decay said:

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Rice and Fries said:

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Decay said:

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tsuag10 said:

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This is the type of thing that lends credence to the folks who say "the stock market isn't real".

Bananas

---

The money is real... the motives however...

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Melvin Capital is down another 25% today on their short position in GME.

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Maybe they shouldn't be extending themselves so much then. Even u/YoloMc69Swag knows better than that.

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HEY

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User name checks out

Still running up in after hours like shorts are being closed out.

Is Melvin even capable of covering at these levels? 239