AzCactus Posted March 10, 2021 Share Posted March 10, 2021 This is so f****in bizarre. I have no position but it is so tempting to go short. I mean it would universe are these shares worth even $50. Link to comment Share on other sites More sharing options...
deleuze68 Posted March 10, 2021 Share Posted March 10, 2021 This is so f****in bizarre. I have no position but it is so tempting to go short. I mean it would universe are these shares worth even $50. The universe where GameStop changes its name to Mashy and becomes the premiere online retailer of video games and accessories. Link to comment Share on other sites More sharing options...
Junto Posted March 10, 2021 Share Posted March 10, 2021 This is so f****in bizarre. I have no position but it is so tempting to go short. I mean it would universe are these shares worth even $50. The universe where GameStop changes its name to Mashy and becomes the premiere online retailer of video games and accessories. A lot of ifs in there. Not too mention that EPIC / Roblox and every other gaming platform is dominating the space with a barrier to entry that Gamestop has a ridiculous hill to climb. I want to short but don't because I am not comfortable that I can handle the swings. Having said that, if it does hit anywhere near $500 again, I will be there trying to find a way. I bought and made money with puts the first go around but the premiums ate into so much of the move. Right now $300 3/19 put is $71.70 of premium...3/26 is $98.65...4/1 $107.70... Crazy. Fidelity 1.5% borrow rate. Shortable shares dropped to 0 today from over 200,000 yesterday. Link to comment Share on other sites More sharing options...
Lakesider Posted March 10, 2021 Share Posted March 10, 2021 Bought an April 23rd $150 put, similar to what I did last time. Fingers crossed it returns to reality. Good fun not a significant amount. Link to comment Share on other sites More sharing options...
Gregmal Posted March 10, 2021 Share Posted March 10, 2021 This is so f****in bizarre. I have no position but it is so tempting to go short. I mean it would universe are these shares worth even $50. The universe where GameStop changes its name to Mashy and becomes the premiere online retailer of video games and accessories. A lot of ifs in there. Not too mention that EPIC / Roblox and every other gaming platform is dominating the space with a barrier to entry that Gamestop has a ridiculous hill to climb. I want to short but don't because I am not comfortable that I can handle the swings. Having said that, if it does hit anywhere near $500 again, I will be there trying to find a way. I bought and made money with puts the first go around but the premiums ate into so much of the move. Right now $300 3/19 put is $71.70 of premium...3/26 is $98.65...4/1 $107.70... Crazy. Fidelity 1.5% borrow rate. Shortable shares dropped to 0 today from over 200,000 yesterday. I think if you're looking at the fundamentals you are predicating your thesis on the wrong stuff. Everyone knows this is not worth $300 a share. Focus on the second half on what you wrote. Looks to me like a lot of the smarter, fundamental type investors are honing in on the same stuff....which could create a bit of a trap for shorts. Earnings in 2 weeks or whatever is a bit of a wrench potentially into either side of the trade, but I think the safest bet here is still selling some of the options. Structured in of course a conservative way. With this type of IV going like puts or calls just seems like a sucker bet. Just my 2c Only other thing Id add is that they touched on why they didnt do a share offering the first time, which probably means fair warning has been given and they will likely do one here, which could be a downside catalyst. Imagine they've got blackout til earnings though, Link to comment Share on other sites More sharing options...
LC Posted March 10, 2021 Share Posted March 10, 2021 Bought an April 23rd $150 put, similar to what I did last time. Fingers crossed it returns to reality. Good fun not a significant amount. Looks like you got the timing right on the nose :D Link to comment Share on other sites More sharing options...
wescobrk Posted March 12, 2021 Share Posted March 12, 2021 Tilson said today, "mark my words Gamestop will be down 30% within a week." I guess his followers will buy $195 puts hand over fist that expire next week. Link to comment Share on other sites More sharing options...
Lakesider Posted March 15, 2021 Share Posted March 15, 2021 Man its so sad to see the posts of people selling their entire portfolios to buy GME. There is a high chance they are going to be hurting in the near future. Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 24, 2021 Share Posted March 24, 2021 Short interest in GameStop declined to 15% vs 141% at peak - S3 https://www.reuters.com/article/us-retail-trading-gamestop-short/short-interest-in-gamestop-declined-to-15-vs-141-at-peak-s3-idUSKBN2BG28H Link to comment Share on other sites More sharing options...
Lakesider Posted March 25, 2021 Share Posted March 25, 2021 Sold my put didnt get the return i wanted mainly because of my poor execution. I dont want to play against these people anymore. Link to comment Share on other sites More sharing options...
KFS Posted May 20, 2021 Share Posted May 20, 2021 Is anyone here still short GME, or has everyone given up on this? Lol.... I mean, how long can this stay at $150+? Surely this is a time bomb, and the clock is ticking..... Seems like a fair candidate for long-dated OTM put options. Once the bubble pops, I can't imagine this staying above $50 in any universe. Link to comment Share on other sites More sharing options...
Longnose Posted May 20, 2021 Share Posted May 20, 2021 1 hour ago, KFS said: Is anyone here still short GME, or has everyone given up on this? Lol.... I mean, how long can this stay at $150+? Surely this is a time bomb, and the clock is ticking..... Seems like a fair candidate for long-dated OTM put options. Once the bubble pops, I can't imagine this staying above $50 in any universe. I personally conflicted with where GameStop landed. I could easily see GME remaining artificially inflated for a long time with all the WSB retail investors that are unwilling to ever sell for a loss. #diamondhands. So it could be a really slow decline back towards intrinsic value. I mean I could be wrong but GME has become quite an anomaly. I wont touch it in either direction. Link to comment Share on other sites More sharing options...
Lakesider Posted May 20, 2021 Share Posted May 20, 2021 I sold my second lot of puts for break even when I realised the second dip was ecouraging FOMO instead of fear causing people to buy. They saw it bounced back up before and didnt see a way it could act any differently the second time. Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 20, 2021 Share Posted May 20, 2021 1 hour ago, KFS said: Is anyone here still short GME, or has everyone given up on this? Lol.... I mean, how long can this stay at $150+? Surely this is a time bomb, and the clock is ticking..... Seems like a fair candidate for long-dated OTM put options. Once the bubble pops, I can't imagine this staying above $50 in any universe. I'm considering it. Agreed that it can't remain here long-term. It doesn't need WSB people to sell to crater the price - just that new people stop buying. So was waiting until sentiment for it trended lower on WSB boards. A week or two ago it seemed like every thread was still GME related. Now? I'm seeing a return to some of the same shenanigans/posts that made it an enjoyable community to be a part of pre-GME. Still like ~10 threads a day about it, but I think we're getting close to the point where people are losing interest. Link to comment Share on other sites More sharing options...
KFS Posted May 20, 2021 Share Posted May 20, 2021 51 minutes ago, TwoCitiesCapital said: I'm considering it. Agreed that it can't remain here long-term. It doesn't need WSB people to sell to crater the price - just that new people stop buying. So was waiting until sentiment for it trended lower on WSB boards. A week or two ago it seemed like every thread was still GME related. Now? I'm seeing a return to some of the same shenanigans/posts that made it an enjoyable community to be a part of pre-GME. Still like ~10 threads a day about it, but I think we're getting close to the point where people are losing interest. Yeah. The "superstonk" reddit sub is also still very active, but how many smooth-brain ape and autist jokes can one take before it gets old? I'm conflicted in that I'm certain the price can't remain here long-term, but I find it impossible to predict when the party will slow down, and clearly the timing aspect is the real risk. I do figure that with the economy re-opening, people returning to pre-covid activities, vaccines well underway, stimulus checks and covid-unemployment starting to dry up, mask and indoor capacity policies being relaxed, etc, we are probably approaching that point. If we see higher inflation and interest rates, that would certainly be a catalyst for bubbles bursting, but not necessarily a requirement. I am eyeballing the January 2022 puts as a safe bet. That being said, I've been wrong before on how long this crap can go on. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 26, 2021 Share Posted May 26, 2021 (edited) back to the moon at $238.... I'd LMAO if GME now really goes to $500 or $1000 and a hedge fund blows up. Edited May 26, 2021 by Spekulatius Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted May 27, 2021 Share Posted May 27, 2021 On 5/26/2021 at 9:55 AM, Spekulatius said: back to the moon at $238.... I'd LMAO if GME now really goes to $500 or $1000 and a hedge fund blows up. We've already seen one blow up. Maybe it'll take two, but this is fascinating to watch. How much disposable capital do people have to devote to lighting on fire to make a point? Link to comment Share on other sites More sharing options...
Spekulatius Posted May 28, 2021 Share Posted May 28, 2021 (edited) Didn't Keith Gill / RoaringKitty load up again when GME dunked below $50? Now back to $250 or 5x in a few month. Frigging legend. As @Gregmalsaid it best - for the rest of us there is value investing. Edited May 28, 2021 by Spekulatius Link to comment Share on other sites More sharing options...
Monsieur_dee Posted May 28, 2021 Share Posted May 28, 2021 36 minutes ago, Spekulatius said: Didn't Keith Gill / RoaringKitty load up again when GME dunked below $50? Now back to $250 or 5x in a few month. Frigging legend. As @Gregmalsaid it best - for the rest of us there is value investing. . I got my popcorn. Theres always seems to be a funny movie to watch Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 28, 2021 Share Posted May 28, 2021 5 hours ago, Spekulatius said: Didn't Keith Gill / RoaringKitty load up again when GME dunked below $50? Now back to $250 or 5x in a few month. Frigging legend. As @Gregmalsaid it best - for the rest of us there is value investing. on that value investing quote I almost had to spit out my coffee lol Link to comment Share on other sites More sharing options...
Pelagic Posted May 28, 2021 Share Posted May 28, 2021 5 hours ago, Spekulatius said: Didn't Keith Gill / RoaringKitty load up again when GME dunked below $50? Now back to $250 or 5x in a few month. Frigging legend. As @Gregmalsaid it best - for the rest of us there is value investing. Pretty sure he also ended up exercising his calls for shares. He stopped doing updates on WSB but he has to be loving this second act by GME. Link to comment Share on other sites More sharing options...
John Hjorth Posted May 28, 2021 Share Posted May 28, 2021 5 hours ago, Spekulatius said: ... As @Gregmalsaid it best - for the rest of us there is value investing. Not bad at all, if one can find just one listed company [or a few], which appear priced in the market based on rationality right now. [Humm-ho!] Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 9, 2021 Share Posted June 9, 2021 GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO https://www.cnbc.com/2021/06/09/gamestop-names-former-amazon-execs-matt-furlong-mike-recupero-as-its-new-ceo-cfo.html Link to comment Share on other sites More sharing options...
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