GME up over 100%.... what is going on now?

Can someone tell me why my suggestion is a bad idea? I'm just trying to learn to trade better from professional traders like you. I figured GME is going to range bound between 250 and 300 till the earnings come out. So I suggested salty to short at the upper bound and close at the lower bound. I have done that quite a bit with stocks that have solid fundamentals like aapl, msft and made around 200k profit on such trades last year, buying them in thousands (2000 to 3000 shares) at the lower bound. I cannot do the same with GME as that thing can crash or soar anytime and I don't want to be left holding the bag but when you are talking about 4 shares, and range of $25, you can keep making $100 profit everyday. That is peanuts but is free money for minimal risk of 4 shares. What is the flaw in this logic?
I think D-man was laughing more at the 4 shares thing. Not at you. Or maybe he was for your part/post regarding 4 friggin shares

4 shares.
Hell even I have something to say about this.(later)

Ya gotta realize this cat is slingin'n millions.
So it is funny in a way.
It was NOT a shot at you you, at least my post wasn't.
 
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lmao, nah its just how i talk

Plus i like watching the demise of the arrogant - it feeds my soul with good feelings.


So you pull your vagina muscle often, got it. I would wish you good feelings on Monday, but we both know that is not going to happen. :)
 
So you pull your vagina muscle often, got it. I would wish you good feelings on Monday, but we both know that is not going to happen. :)

I'm going to say this again. You and I are in the same boat. I have a very severe conviction that the main indices will rise over time. Therefore time is my edge. I am breakeven on the ES position, and down big on the NQ position. But I know in my heart of hearts that the index as a whole will rise over time.

Do you, as a stockholderseller, really believe that GME will get back to your BE level, before you will lose your shit on a margin call? You have a very severe conviction that GME is going to tank hard. My positions would have to tank like 80% for that margin call to occur, and that just ain't happening in the main indices in our lifetime.

Your position, Salty, is a little more tenuous I think, because you have never really said at what point you would be truly fucked on this stock. You said 2K price print you could survive. You could survive 10K? 20K? What is your cutoff point? :-(

You need more music I think. :-)

 
No, no, no biggie at all vanzandt, I only sold 4 shares lol. I'm taking it nice and easy from here on. Just let me know when the next time to sell some more is!!!


Hell even I have something to say about this.(later)

.



Salty,
This is ET ok.
See this for what it is....

I 1000% appreciate the compliment where you would trust my judgement on this thing, but holy cow, do you really expect me to put my neck out there to be filleted in public by f'ing weirdo's, the likes of which... (whatever on that).... that want to nitpick a call that was within a 3% range on a stock that has been trading in a 35% range?!

For real. Out of nowhere comes a a cat, an ex-pat that lives in Thailand, that wants to attack moi out of the f'n blue, for no apparent reason. No biggie, I can deal with that. He attacked once before, so I already know what he's about. He doesn't live there for the quality of the internet connection. .

But that's what you get for trying to help folks here at ET.
F'ing freak-ass trolls.
Whatever.
Moving on.

Dig up.... if I throw out a trading call on a Friday PM on a stock like this with 40 minutes to the close..... next time listen.

4 shares is BS.
Had I been wrong.... he-she boy would have had a f'n field day.

No more public guidance on this one.
Only commentary.
 
I'm going to say this again. You and I are in the same boat. I have a very severe conviction that the main indices will rise over time. Therefore time is my edge. I am breakeven on the ES position, and down big on the NQ position. But I know in my heart of hearts that the index as a whole will rise over time.

Do you, as a stockholderseller, really believe that GME will get back to your BE level, before you will lose your shit on a margin call? You have a very severe conviction that GME is going to tank hard. My positions would have to tank like 80% for that margin call to occur, and that just ain't happening in the main indices in our lifetime.

Your position, Salty, is a little more tenuous I think, because you have never really said at what point you would be truly fucked on this stock. You said 2K price print you could survive. You could survive 10K? 20K? What is your cutoff point? :-(

You need more music I think. :)



Yo, you are right to be long. There is no freaking way the market is taking for some long period of time, absent some new corona or some other fairy tale BS, with the amount of money they are circulating in the economy (read, printing).

I ABSOLUTELY believe GME will go way lower before it goes high enough for me to sweat a margin call. It is literally the only short in my account. And I've got a TON long. These days when I've been losing my arse in GME I've been UP overall because GME is a small portion of my overall account at issue (even smaller portion if you look at all my accounts, which are all long). It just a waiting game, how long do I have to wait and how bad does the waiting experience have to be (i.e. how high will GME tank, if only temporarily) before all becomes right with the GME world again.

I'm in it to win it, and if I were not, I'd get the hell out.
 
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