Quote (thesnipa @ Jan 26 2021 03:28pm)
Ya they havent even really started to cover their position yet. last i checked they're still at over 100% exposure all told. when they buyback, boom, and the boom causes double boom boom. the selloff is going to be insane tho, and people stuck holding over 300 or 500 or w/e the peak is based on 1k HLOD memes gonna have a bad day.
Yeah the only reason I'm comfortable being in a meme stock for longer than 30 minutes is because BB has a solid future and the options game is insane right now. I've already covered over 25% of my position selling and buying back calls. God I really want to have 20k in my account so I can day trade options on WSB meme stocks.
If Gamestop doesn't issue more shares to make a sweeping change to their business model then anybody who's in at above $20 is gonna be ducked hard.
This post was edited by Thor123422 on Jan 26 2021 03:34pm