Buried in Reddit, the Seeds of Melvin Capital’s Crisis

S2007S said:
Not for nothing. I'm not picking sides but this is gamestop. Wake up, this is no way going to end well. The stock is going to collapse and be forgotten about in due time. Nothing fundamentally has changed with this stock, the entire reason for the rise in the stock is short covering. The future of gamestop is weak. No one goes to gamestop, this reminds me of an old school mid 90s play. There is absolutely no reason to own this hyped up stock that will fall just as quick as it has risen.
More...
But not today.
 
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.
 
S2007S said:
Not for nothing. I'm not picking sides but this is gamestop. Wake up, this is no way going to end well. The stock is going to collapse and be forgotten about in due time. Nothing fundamentally has changed with this stock, the entire reason for the rise in the stock is short covering. The future of gamestop is weak. No one goes to gamestop, this reminds me of an old school mid 90s play. There is absolutely no reason to own this hyped up stock that will fall just as quick as it has risen.
More...

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...
 
You must log in or register to reply here.
Back
Top