Before you short at $321, think about what you are going to do if it hits previous high of $480 something. It shouldn't but if it does and you cannot sleep, it is not worth the risk. Fundamentals don't matter anymore for those who are buying GME. Even the drop from $340 didn't scare them off. At this point I'm not sure what will make them sell. I'm not trying to scare you but I don't want you to loose either if the stock reaches $500 and you panic cover your short. All it needs is some other stupid news like the committee formed a subcommittee for shipping, payments etc. for ecommerce and the stock can take off again, or even a picture of McChicken Mr. Chewy had for lunch.
GME up over 100%.... what is going on now?
- Thread starter Saltynuts
- Start date
If you have the margin you'll likely get chances to get out eventually. I'd look at something like Markertsurfer shorting Shake Shack a few years ago his initial trades went horribly wrong, but eventually it came back to earth. However, I noticed it's back over $100 now.
You should map out some risk mgmt strategies like buying the stock on a dip and then you b/e on the range established with the option to cut your long position if it goes way up again and pocket the gain. I'm sure there are more sophisticated strategies but my only short experiences are buying naked puts and short side etfs.
LOL, so true, if I were to exit. But DIAMOND HANDS don't fuking exit shorts until we take the enemies scalps' along with us!!! If you ain't in it to win it then get the hell out!!!! More likely, when I finally get enough courage to add to the shorts, that is the sure signal it is going to spike higher lol.
Don't say that. You are jinxing it. Every time you say it, it goes back up with vengeance. Its like WSB mods are tracking your comments and are out to get you.