Roaring Kitty puts this picture on X and suddenly GME is up USD 1 billion

The idiot GME cultitsshould have listened to AMC, that kinda predicted the price action of GME a day earlier. Since there was no fundamental reason why AMC went up, it promptly fell back and even below where it started. In a few days GME will be back sub-20.
 
Pekelo said:
The idiot GME cultitsshould have listened to AMC, that kinda predicted the price action of GME a day earlier. Since there was no fundamental reason why AMC went up, it promptly fell back and even below where it started. In a few days GME will be back sub-20.
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You are one of my favorite posters because you are all about the arm chair quarterbacking, which is the true spirit of an Internet forum.
 
cesfx said:
I understand, thanks. Return distribution of the stock.

I was trying to imagine something to do with IV on the term structure.

In fact, right now the position is losing about 50c, I can hold, I just hope it doesn't flip all the way into credit.
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Vol has come in A LOT. Hope you are doing okay.
 
newwurldmn said:
Vol has come in A LOT. Hope you are doing okay.
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Yes, so far... thank you!
1.20 now, I bought at 1.70
I will monitor closely

Edit: did you mean that vol dropped by coming in? Or did it spike when I wasn't looking before crushing?

ATM premiums lost quite a bit compared to yesterday, but the term skew seems relatively stable
 
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cesfx said:
Yes, so far... thank you!
1.20 now, I bought at 1.70
I will monitor closely

Edit: did you mean that vol dropped by coming in? Or did it spike when I wasn't looking before crushing?

ATM premiums lost quite a bit compared to yesterday, but the term skew seems relatively stable
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The vol i bought (Jun serial) is down like 70 vegas from yesterady.
 
Roaring Kitty puts this picture on X and suddenly GME is up USD 1 billion

----->

Roaring Kitty puts this picture on X and then GME is down
USD 1 trillion



uptrend- traders earn $$$
downtrend - traders also earn $$$
HODL investors from eliteinvestor.com - they are weeping and gnashing their teeth in despair.

Will those HODL investors sue Roaring Kitty?
 
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It seems whenever these stocks pump 100+% the companies always end up issuing more shares and tanking the stocks. Well I guess the pump wasn't for naught.

GME doesn't really need any more cash, I believe they already had $1.2B on the balance sheet. They need a plan forward. Their business plan is currently DOA.

AMC just expanded too much via buyouts & mergers and as a consequence they are buried in debt.

Even SMCI when it skyrocketed 20X issued convertibles and then a few weeks later another 10% share dilution. At least Supermicro will survive unlike AMC & GME.
 
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