the fact that it is game stop shouldn't mean anything IMO...the opportunity to make money is all that matters.
So when are they throwing the towel? Looks like another $2.75 B will be burned off. The mania isn't cooling off, it's actually gaining momentum. If it closes like this @$145-$150, it will almost for sure gap up tomorrow taking down the pants of shorts.
Does it pay to be a permabear? Are you going to admit you were wrong here: https://www.elitetrader.com/et/threads/the-guy-who-made-11-million-on-gme.355121/page-6#post-5306077 Just hit 150 again. You might want to put on another 5 share short!
halted on the downside and im holding all puts right now baby loving this shit. made $10k profit on an $8k call position now hope this fucker gaps down hard when trading resumes. Edit: SHIT!
The term short squeeze keeps being used, but, at least in Melvin Capital's case, there is no pressure for forced buy-in. Yeah his puts got blown away, so big loss there. But that's far different than an "unlimited loss" short stock position...
Trying to but couldn't short today. Hopefully tomorrow I can because I'm going to short the fuck out of it.