arch_8ngel

Yeah, he claims his plan all along was to stay in the 50,000 shares that he has -- and for the fact that he's managed to cash in so much in options, and the fact that he's held through so many dips and bumps along the way -- I really think he might. EDIT: and it looks like the Robinhood traders didn't have full access to the stock today -- they were only allowed to buy up to 5 shares and later in the day that ceiling was reduced to 2 shares. So most of the "meme energy" couldn't get into the stock today, at all, similar to yesterday.

If all of their cash is tied up in meme stocks, then they can't, yet.

The battle basically goes on until one side capitulates -- or in the case of the shorts -- if they are forced to cover (though there appears to be a lot of systemic pressure to avoid that -- because a true "infinity squeeze" goes a lot farther reaching than people initially considered)

Personally, my view on "licensed financial advisors" is that I think that are probably required to have about the level of options-trading sophistication as your average bus driver or school teacher. Especially if they work at a place like Mass Mutual where they are probably just selling annuities on commission. That said -- dude is probably going to get fired and potentially lose his license, now that he was doxxed -- but with $13MM in cash, I doubt he cares, if he hadn't already quit anyway. For what it's worth, though -- I don't think this guy was "scamming" the average joe -- his play all along was Burry-esque in being about participating in a position that blows up institutions that made bad bets they should never have been allowed to make in the first place (i.e. naked short selling). He did his own homework on what was possible with the series of way OTM call options he picked, and his lottery tickets paid off. (and quite frankly -- I'd be extremely suspicious of the intent of doxxing him at all -- the hedge funds on the losing side of the bet have been running an aggressive smear campaign against GME stock to try and save their asses -- no reason to believe that doesn't extend to trying to make DFV's life hell in the process)

"Licensed financial advisor" is a pretty low bar in terms of investment sophistication, for what it's worth. In my book, that is really no different than "some average dude day trader". EDIT: especially since he is just some worker-bee at a big insurance company. Definitely not equivalent to someone at a major trading desk for instance.

Yes, that is exactly what they are currently incentivized to do. Would you rather pay a few million in fines? Or would you rather lose 10's of BILLIONS of dollars and have your fund blow up completely, and your name as a fund manager go down in history as the guy that lost that bet? (and to that end -- I will not be at all surprised if significant white-collar crime is taking place for the same reasons of desperate self-preservation in the hopes that they can avoid jail time later)

The other fascinating anomaly right now: in terms of reporting positions (short or otherwise) the hedge funds have CONSIDERABLE incentive to lie, because the fine for misreporting is so much smaller than their potential losses if honest reports fuel the mania further.

Most of those additions play like "a brand new game", IMO.

But Eric gloated yesterday that it was all over! Braveheart's mistake was that he was thinking like an investor that actually cares about losing money and completely underestimates the crowd on this one's willingness to see their money go down in flames for the opportunity to bankrupt some hedge funds along the way. (with rage further fueled by the events of yesterday) Definitely agree that the fat lady hasn't sung yet.

I've been debating this all morning. One possibility -- if the WSB guys REALLY "succeed" -- it is going to set off a chain of financial-firm bankruptcies that is going to ripple far and wide. Another possibility -- if they "partially" succeed (i.e. force shorts to cover at what is still a "very high" price -- but not the "infinity squeeze) -- there are going to be a lot of meme-investors VERY flush with cash and looking for places to put it. Yet another (less likely at this point) possibility -- the shorts somehow manage to survive the next couple of days of squeezes -- the meme investor money simply evaporates, fewer hedge funds get wiped out, and all that cash doesn't get reallocated from hedge funds to WSB to throw whereever they want to next. The question is going to come down to: (1) how the squeeze (both gamma squeezes from options and the short squeeze itself) manifests (2) how broadly the hedge fund bankruptcy damage spreads -- and what kinds of positions those hedge funds have to IMMEDIATELY exit to cover their losses on this wave of meme stocks (3) whether ANY of this triggers any buy/sell rules within institutional investor pools, or whether they are able to passively ride it all out (4) what kind of bi-partisan proposals for changes to trading regulations come out, and how quickly (and what the perception is about who these regulations will hurt) (5) whether any of the politicians eventually succeed in proposals to add financial transaction taxes to exchanges (would effectively kill high frequency trading and would act as a significant speed bump to meme trading)

The concept he's referring to with them has been pretty extensively studied by a big range of sources, and there are monte carlo simulations you can run to "prove it to yourself" that gradual accumulation and resulting buy-and-hold is GENERALLY superior to trying to time things. That said -- you have to do what lets you sleep well at night. When things are crazy having a chunk in cash as "dry powder" -- even if it is definitely suboptimal -- is one of those psychological things like owning your house / paying off the mortgage. Yes, statistically, you're likely to be wrong -- but the toll of stress is very real, and you can rationalize it as "beefing up your emergency fund" in times of uncertainty, IMO.

That is a lot of faith to put in the CCP deciding not to crush it with a 51% attack In all seriousness -- I could see them deciding to use their mining position as a weapon if they think it will add fuel to the fire on a meltdown that primarily damages western countries.

Yeah, I did a big enough multiple on them already, that leaving a little bit in for the ride is harmless.

Ha! Yeah, I still have 25 shares in AMC

Solid 9. Great game, mechanically, and otherwise. And a GREAT example of a developer provide post-release support and continuing to improve their game after release.

Being able to buy an 86" TV for less than $1000 is a pretty new thing... I'm talking HUGE TV's not "big" TV's But yes, the more important side is the shift to streaming with major studios releasing online concurrent with theater releases. Almost overnight kills the idea of people paying current prices to have kids go to the theater.

Yeah, AMC I definitely don't believe in long term for exactly those reasons. HUGE TV's have gotten so ridiculously cheap that the need for a projection room has gone away and made it a lot more accessible (and less light-sensitive).

We'll see -- the price is still WAY above keeping pretty much 100% of calls ITM this week, which can evidently still inject its own force on the market. (represents 10's of millions of shares) I cashed out gradually on the way up -- so it is no real skin off my nose if you're right at this point. But there is enough craziness left to transpire before market close tomorrow, that I think there is definitely over-confidence on BOTH sides of the equation.

Look at the trade volume -- they can't hold up GME because they can't even buy it. The next 36 hours are going to decide this one -- in terms of whether people are able to exercise their calls tomorrow which in turn forces the hedge funds that sold them to cover.

Sure -- but it's a good reminder that the regulators do a pretty poor job of regulating certain aspects -- i.e. the naked shorting that went on to put GME in this position in the first place. And on the other side -- it is a good reminder that even otherwise decent-tier brokerages are NOT your friend and aside from selling your order flow to hedge funds, if those funds are too big on the losing side will apparently make it impossible for you to participate at all as a retail buyer/seller. It is hard to imagine that some class action lawsuits won't come out of this aimed at the trading stoppages. And certain left-of-center politicians are going to have a field day blasting hedge funds over the short ladder attacks.

The additional irony is that what they're doing seems to be enraging the retail traders more than scaring them -- and it may well explode in their faces unless they manage to manipulate through COB tomorrow (and somehow force call back out of the money). But the SEC seems more inclined to be in the pocket of those hedge funds than on the side of retail traders, at the moment.

The breakers are automatic. But the volume is being held artificially low because retail can't get into buy or sell even if they wanted to. (and I guarantee you there is a small army looking to buy at this current price based on their beliefs about the gamma and short squeeze that could manifest tomorrow if they keep the price above $200). The main point about the low volume though -- even if they got the price to ZERO today -- there aren't enough shares changing hands to make a dent in the short interest if they're trying to cover.

The volume right now is WAY too low for shorts to be taking meaningful coverage right now. Price has plummeted because people can't trade it on most retail platforms right now. There is collusion going on - apparently - because Robinhood makes a lot of money from Citadel, who are the firm that flushed $3B down the toilet on Monday to prop up Melvin. Lots of conflict of interest. Haven't read how that extends to other major brokers, yet, but clearly the market maker on this one is desperate to avoid another gamma squeeze -- aside from the short hedge funds trying to coordinate to avoid a short squeeze.

I was having a hard time changing existing limit orders for sure. Kept getting "invalid stock symbol" errors that would periodically work. But limits that were already in place should work.

If you were buying during pre-market this morning -- why on earth were you not turning around and immediately placing limit sell orders so they could happen without your input today? I had the rest of my limit position on GME execute during the big spike this morning -- but have held ONE share in reserve to have a tiny tiny stake in the rest of the mayhem and a real excuse to see where it all ends up.