Limited on Robinhood.
$ SNDL
you're in @ .9569
i always wonder if these people are just ignorant and don't get what's going on or if they are just choosing a narrative.
They reverse split at least two times in the past as FTR. Be careful lol!
The GME squeeze is dead. Unfortunately even though there were a lot of people behind it, I think as the price got up to above $300/share they eventually lost their purchasing ability (partly because they were limited by Robinhood, but mostly because they just ran out of $$). This stock is likely to sink back to $15 in the next few weeks. Some of these reddit guys will make $$ off of GME, but others are going to lose their shirts (and they claim they don't care). I actually thought about buying some puts, but I haven't gotten into options trading. I think it's a vocal minority on their board now telling people to keep holding, but anyone who had serious $$ in the stock if they were smart have gotten out.
Look how much of the stock is still shorted. The longer is outperforms the puts the squeeze will continue. Nothing has changed - there are dips in this there has been the last 4 weeks.
There are a lot of new shorts in the stock just in the past 2 weeks...the company has a value that should be trading between $10-15/share and it’s trading for 20x that. There are a lot of people shorting the stock that are going to make a huge amount of $$ in the next few weeks.
Why not short the stock now if so certain it'll drop? Wouldn't that coincidentally be a way to tell if the hedge funds have unwound their short positions? (again I heard somewhere that short positions max out at 200% of shares).
Premature, albeit a moment. However, it's not solely due to Redditor trader's searching for a quick eph yew to Citron, Sykes, Feuerstein, et al.
