collegeinvestor Posted February 2, 2021 Share Posted February 2, 2021 There is a lot of "loss porn" on wsb today... Tomorrow is not looking pretty either. Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 2, 2021 Share Posted February 2, 2021 HODL please. It's not like I have anything to gain/lose but I really want to see GME at 1,000 even if it's just a blip. Link to comment Share on other sites More sharing options...
goobs55 Posted February 2, 2021 Share Posted February 2, 2021 I have no basis to say (Melvin comment specifically) but based on position sizing limits I’m familiar with in these kinds of strategies and funds, I would doubt very highly that their loss is more than 20-25% related to GME by itself on the high end. I’d guess guess general correlation, bad bets, and leverage explain it. I’m actually quite curious to see short interest reported on GME in 10 days (reported for end of month) because I’m expecting with options expiry it will be nearly gone. I simply can’t see anyone staying in a short like this after this move. Anyone shorting here is a new short or has risk rules I’ve never heard of... Am I understanding correctly that short interest is only reported every two weeks? Where can the most accurate short information be found online? The two week is accurate. Everything else are estimates. https://www.ortex.com/stocks/26195/shorts Link to comment Share on other sites More sharing options...
NBL0303 Posted February 2, 2021 Share Posted February 2, 2021 I have no basis to say (Melvin comment specifically) but based on position sizing limits I’m familiar with in these kinds of strategies and funds, I would doubt very highly that their loss is more than 20-25% related to GME by itself on the high end. I’d guess guess general correlation, bad bets, and leverage explain it. I’m actually quite curious to see short interest reported on GME in 10 days (reported for end of month) because I’m expecting with options expiry it will be nearly gone. I simply can’t see anyone staying in a short like this after this move. Anyone shorting here is a new short or has risk rules I’ve never heard of... Am I understanding correctly that short interest is only reported every two weeks? Where can the most accurate short information be found online? The two week is accurate. Everything else are estimates. https://www.ortex.com/stocks/26195/shorts Does anyone know how this is calculated? As far as I know, there is not a central registry or anything where brokers or investors have to report all short sales - so how is this information obtained by S3 or whoever else does this? Link to comment Share on other sites More sharing options...
winjitsu Posted February 2, 2021 Share Posted February 2, 2021 Does anyone know how this is calculated? As far as I know, there is not a central registry or anything where brokers or investors have to report all short sales - so how is this information obtained by S3 or whoever else does this? To Finra https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest Link to comment Share on other sites More sharing options...
Simba Posted February 2, 2021 Share Posted February 2, 2021 I learned a lot of lessons in 2008 / 2009, one of which was a lot of message boards had uneducated / uninformed participants giving financial advise. I feel strongly that WSB is exactly this - it's leading to a broad base of investors who have no education or information and simply believe whatever they read on WSB (in this case bagholders trying to prop up the stock price of $GME)... uninformed participants don't even realize what they're holding is not worth whatever price the market is still quoting them! Sad state of affairs. Link to comment Share on other sites More sharing options...
rb Posted February 2, 2021 Share Posted February 2, 2021 Must Asset Management of Korea must have made a killing on this. Soju must be flowing right now. Link to comment Share on other sites More sharing options...
Spekulatius Posted February 2, 2021 Share Posted February 2, 2021 I wonder if Roaring Kitten /DFV has sold all his shares. He relies heavily on charts to assess sentiment and he can’t like what he sees currently. Link to comment Share on other sites More sharing options...
gfp Posted February 2, 2021 Share Posted February 2, 2021 You don't have to wonder when he posts a daily screen shot of his account after each market close https://www.reddit.com/user/DeepFuckingValue/ I wonder if Roaring Kitten /DFV has sold all his shares. He relies heavily on charts to assess sentiment and he can’t like what he sees currently. Link to comment Share on other sites More sharing options...
rb Posted February 2, 2021 Share Posted February 2, 2021 13 million loss in one day? That's gotta hurt. Did these people really think it was going to 1,000 or 1,000,000? Link to comment Share on other sites More sharing options...
Spekulatius Posted February 2, 2021 Share Posted February 2, 2021 You don't have to wonder when he posts a daily screen shot of his account after each market close https://www.reddit.com/user/DeepFuckingValue/ I wonder if Roaring Kitten /DFV has sold all his shares. He relies heavily on charts to assess sentiment and he can’t like what he sees currently. Thanks, I wasn’t aware that he posts screenshots every day. So now his only positions are GME calls and stocks? He had almost a hundred different positions 6 month ago when he showed his master spreadsheet in his streams? Did he sell off everything else? Link to comment Share on other sites More sharing options...
fuzzhead1506 Posted February 2, 2021 Share Posted February 2, 2021 The downswing might be artificial considering the volume that it took to get the stock from 80-370 is about 2.5x that of what it took to go the opposite direction (by my look 280M vs 105M shares traded). Consider that there are still trading restrictions at Robinhood where hundreds of thousands of buyers were before the shares were no longer allowed to be bought on the platform. Link to comment Share on other sites More sharing options...
gfp Posted February 3, 2021 Share Posted February 3, 2021 I don't know if this is a partial portfolio or not - I am far from an expert on these things. He has raised over $13 million from selling off his GME calls (some that were expiring and half of his April 12 calls) and transferred out a little bit of cash. At least for his sake he has banked enough to be just fine and build his running track / field house in his home town. He may own a bunch of other stocks but I'll bet they are rounding error when compared to this position. You don't have to wonder when he posts a daily screen shot of his account after each market close https://www.reddit.com/user/DeepFuckingValue/ I wonder if Roaring Kitten /DFV has sold all his shares. He relies heavily on charts to assess sentiment and he can’t like what he sees currently. Thanks, I wasn’t aware that he posts screenshots every day. So now his only positions are GME calls and stocks? He had almost a hundred different positions 6 month ago when he showed his master spreadsheet in his streams? Did he sell off everything else? Link to comment Share on other sites More sharing options...
LC Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? Link to comment Share on other sites More sharing options...
rb Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? The answer is 20 some million dollars. Plus why is making a trade these days equivalent to screwing somebody over? He would be selling to willing buyers at the going market price? Link to comment Share on other sites More sharing options...
Spekulatius Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? When you watch his early videos, you realize, he is a very rational deep value investor. He apparently bought several deep value positions like Teck, CWH , RFP, Alcoa and a bunch of other commodity in March. Some of those were ten baggers. GME was just one of those things with a skewed risk reward back then. So I think he would usually sell out, it this is in fact a very atypical situation in terms of the publicity he got. Link to comment Share on other sites More sharing options...
shamelesscloner Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? The answer is 20 some million dollars. Plus why is making a trade these days equivalent to screwing somebody over? He would be selling to willing buyers at the going market price? His GameStop position is so much more than a value investment... it's a modern and more effective "Occupy Wall Street" Link to comment Share on other sites More sharing options...
Spekulatius Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? The answer is 20 some million dollars. Plus why is making a trade these days equivalent to screwing somebody over? He would be selling to willing buyers at the going market price? His GameStop position is so much more than a value investment... it's a modern and more effective "Occupy Wall Street" This whole narrative of “sticking it to the man” and “short squeeze the suits” is going to cost these folks a lot of money. RK just seems like a smart guy who was making money in the stock market in his own way. It is interesting how this later get put into a totally different and “moral” narrative, which in my opinion is BS. Link to comment Share on other sites More sharing options...
Jurgis Posted February 3, 2021 Share Posted February 3, 2021 13 million loss in one day? That's gotta hurt. Did these people really think it was going to 1,000 or 1,000,000? Well, yes, it's 13M loss. But if he did not have to hodl, he would have never made it to 13M+ that he also took of the table. So ./shrug , you can't tell him howz to playz dis. Link to comment Share on other sites More sharing options...
Jurgis Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? When you watch his early videos, you realize, he is a very rational deep value investor. He apparently bought several deep value positions like Teck, CWH , RFP, Alcoa and a bunch of other commodity in March. Some of those were ten baggers. GME was just one of those things with a skewed risk reward back then. So I think he would usually sell out, it this is in fact a very atypical situation in terms of the publicity he got. That's also a very good question to ask. He got 13M in cash. Yeah, he can liquidate the rest for 20M yesterday or 7M today. But really is it better to go out with positive publicity or with "screw everyone I'm rich now"? On yet another hand, nobody ever gets out on top. So CoBF is yet again Monday Morning quarterbacking telling DFV when to get out at the top two days after the fact. I'm sure if he listened to local experts, he would have sold his position maybe at 500K, maybe at 1M tops. ::) Link to comment Share on other sites More sharing options...
Simba Posted February 3, 2021 Share Posted February 3, 2021 13 million loss in one day? That's gotta hurt. Did these people really think it was going to 1,000 or 1,000,000? Well, yes, it's 13M loss. But if he did not have to hodl, he would have never made it to 13M+ that he also took of the table. So ./shrug , you can't tell him howz to playz dis. This is more true than anything. Just getting to 13M chips was an enormous feat, he's already won. Link to comment Share on other sites More sharing options...
rb Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? When you watch his early videos, you realize, he is a very rational deep value investor. He apparently bought several deep value positions like Teck, CWH , RFP, Alcoa and a bunch of other commodity in March. Some of those were ten baggers. GME was just one of those things with a skewed risk reward back then. So I think he would usually sell out, it this is in fact a very atypical situation in terms of the publicity he got. That's also a very good question to ask. He got 13M in cash. Yeah, he can liquidate the rest for 20M yesterday or 7M today. But really is it better to go out with positive publicity or with "screw everyone I'm rich now"? On yet another hand, nobody ever gets out on top. So CoBF is yet again Monday Morning quarterbacking telling DFV when to get out at the top two days after the fact. I'm sure if he listened to local experts, he would have sold his position maybe at 500K, maybe at 1M tops. ::) The pothead in the big short went out at the top. Gave a big fuck you to everyone (everyone!) and then moved to a Caribbean island to chill and smoke pot. Now I'm not anywhere close to a fan of pot, but that guy's my hero. He didn't make it in the movie of course. Link to comment Share on other sites More sharing options...
Jurgis Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? When you watch his early videos, you realize, he is a very rational deep value investor. He apparently bought several deep value positions like Teck, CWH , RFP, Alcoa and a bunch of other commodity in March. Some of those were ten baggers. GME was just one of those things with a skewed risk reward back then. So I think he would usually sell out, it this is in fact a very atypical situation in terms of the publicity he got. That's also a very good question to ask. He got 13M in cash. Yeah, he can liquidate the rest for 20M yesterday or 7M today. But really is it better to go out with positive publicity or with "screw everyone I'm rich now"? On yet another hand, nobody ever gets out on top. So CoBF is yet again Monday Morning quarterbacking telling DFV when to get out at the top two days after the fact. I'm sure if he listened to local experts, he would have sold his position maybe at 500K, maybe at 1M tops. ::) The pothead in the big short went out at the top. Gave a big fuck you to everyone (everyone!) and then moved to a Caribbean island to chill and smoke pot. Now I'm not anywhere close to a fan of pot, but that guy's my hero. He didn't make it in the movie of course. I'd probably taken 20M too. But I'd never gotten to 20M on such investment so ./shrug. And for a young guy publicity/reputation might be more beneficial. 8) Link to comment Share on other sites More sharing options...
Spekulatius Posted February 3, 2021 Share Posted February 3, 2021 One other thing to consider, if he liquidated now, who would be the counter party? WSB folks I presume. He’s already got enough to live on, why screw over an entire group of diamondhands? When you watch his early videos, you realize, he is a very rational deep value investor. He apparently bought several deep value positions like Teck, CWH , RFP, Alcoa and a bunch of other commodity in March. Some of those were ten baggers. GME was just one of those things with a skewed risk reward back then. So I think he would usually sell out, it this is in fact a very atypical situation in terms of the publicity he got. That's also a very good question to ask. He got 13M in cash. Yeah, he can liquidate the rest for 20M yesterday or 7M today. But really is it better to go out with positive publicity or with "screw everyone I'm rich now"? On yet another hand, nobody ever gets out on top. So CoBF is yet again Monday Morning quarterbacking telling DFV when to get out at the top two days after the fact. I'm sure if he listened to local experts, he would have sold his position maybe at 500K, maybe at 1M tops. ::) The pothead in the big short went out at the top. Gave a big fuck you to everyone (everyone!) and then moved to a Caribbean island to chill and smoke pot. Now I'm not anywhere close to a fan of pot, but that guy's my hero. He didn't make it in the movie of course. I'd probably taken 20M too. But I'd never gotten to 20M on such investment so ./shrug. And for a young guy publicity/reputation might be more beneficial. 8) Yeah, the reputational aspect shouldn’t be underestimated. i bet he could easily raise $1B in a heartbeat, if he plays his cards right, just based on his reputation. Link to comment Share on other sites More sharing options...
adesigar Posted February 3, 2021 Share Posted February 3, 2021 GME $800 calls expiring on Friday now has 20,000 open interest. Volume is 12,000. The stock is at $100. This is insane. Is someone really expecting it to go to 800 in 2 days? Link to comment Share on other sites More sharing options...
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