the worst part is the "if he's still im, im in" mentality who are these nuts expecting to sell their positions to? id take a short position if I could but I haven't been able to structure something to my liking
You have NO idea the kind of s*** that I have been through. LOL Anyway this is not about me so I am not going to go there. Not cashing out all in one sleuth is PRECISELY how he's NOT going to blow it. If he all of sudden lets go and closes all of his position, imagine the impact that's going to have on the market. The shorts are going to have a field day. That's exactly what they are waiting for, the panic selling, the stampede and then they can easily cover or better yet, even hold onto their shorts and profit even more as if the last month has never happened. This is what they are patiently waiting for right now while at the same time lobbying Congress to do something to shackle us retail investors further in the future all for our "protection". Trust me, the guy's got a CFA designation. He knows what he's doing. This game is all about holding. Whoever can outhold the other wins. Holding is the KEY!!! If you need to book your profit, let go a little bit of your position but buy more calls to replenish! Look at Melvin, he's not all out. He's still got short positions left. If he's a shorter and he's lost $19.5 billion and still hasn't closed his position why should WSB?
not sure he a CFA designation, in one video he claims he did all this without a clue in finance, and he used research from other to pursue investment ideas. That doesn't come across as someone "smart" with a CFA designation. He is probably lying, and if he had a CFA, he would know what he was doing was pure market manipulation, and big no no in the CFA code of Conduct.
It's not market manipulation if he's just talking about a stock and showing how great it is and how profitable he's become from buying the stock. You have a choice to not listen to him if you don't want to. Market manipulation is manipulating any aspect of the market to force it upon market participants that people will have no choice but to obey like RH forcing people to be able to only buy 1 share of certain stock(s) and thereby forcing the price of GME to stay still or even drop. People do not have a choice but to comply. What RH and all those clearinghouses and MM's who forced RH to restrict the shares are the ones who are the market manipulators.
The definition of market manipulation is broad enough to catch those who do when the SEC sees it. it's also market manipulation because he is an "influencer" and promoting his stock with a very large audience, and participating heavily in a chat room promoting what he bought. The language he is using is definitely "promotion". he is also technically an unregistered "investment advisor", not sure which states he lives in, but that could be an issue
hilarious, look at those idiots in the reddit WB thread LOL IF HE'S STILL IN, I'M STILL IN 15.5k level 2 10 hours ago IF HE'S STILL IN, I'M STILL IN 4.5k Continue this thread level 2 9 hours ago IF HE'S STILL IN, I'M STILL IN 43 Continue this thread level 2 9 hours ago IF HE'S STILL IN, I'M STILL IN
Oh shut the fuck up..... This crap happens THOUSANDS of times a day on message boards. What cave do you live in