My take is quality, well-respected investment management companies, not just shorting shyters such as Melvin and other big GME shorters, may be selling across the board to free up cash. On the other hand, some quality US and non-US equities way down today may be relative steals and SPY and QQQ puts may be reasonable low cost hedging considerations. Then again, none of the preceding may prove to have any merit.
Jan 2022 $1 strike. Not counting on it going bankrupt in a year but when the price comes crashing back down to earth in a few weeks I'll sell em for a nice profit.
Get used to it.
I triple dog dare you guys to post these on Wall Street Bets.
Of course they could. But why make it easier for the rich? Make them think twice before they make massive short plays that daddy Cohen has to bail them out of. The game done changed today.
They should be regulating "professional" investing shops first.
helllll no. I've followed WSB for a few years now, I know better than that lol
I put 8% of my stock $ into BBBY today. Let's go!
lol. Smart man. I've been scrolling through it everyday now for the past week. I laugh so hard. I could do without the use of the r-word, but other than that, it's absolutely hilarious.
In addition to the SEC potentially acting to limit excessive shorts relative to total outstanding shares or to float (GME ~140%), the SEC and brokerage firms are or will likely be scrutinizing some retail GME traders' activities, the brokerage firms' own risks and possible margin and option policy changes related to GME or similar activities.
It's not as good now but Dealbreaker was a great site and the message board comments were pure gold everyday. I suspect a lot of WSB folks came over from there because the humor is along the same lines.
After day three (today 6pm), Swag remains in the lead:
I don't know your risk tolerance. I'd expect illogical swings. I don't buy things I don't understand.
