Yeah, I’m not big on our community getting into this sort of thing for this reason. GME couldn’t go up forever, and someone would be holding the bag. There’s gonna be a lot of stories like this unfortunately.
I think he already cashed out some of his position. Probably enough to retire for the rest of his life, and now he's probably just in it to be king of WSB and to fuck over the hedge funds.
I mean, there’s a lot of people who are in way over their head. Selling options below their intrinsic value because they can’t afford to exercise them and their broker not allowing any margin on GME. It’s fucked.
If theory if the short squeeze plan works the idea is the hedge funds get left holding the bags having been forced to buy shares (held by retail) at whatever price the retail traders set, because there literally aren't any others available to buy. Of course in practice it will be a giant chaotic cluster fuck so yeah there's a definite risk of losing a big chunk of what you put in.
Yeah, I’m not big on our community getting into this sort of thing for this reason. GME couldn’t go up forever, and someone would be holding the bag. There’s gonna be a lot of stories like this unfortunately.
DeepFuckingValue just posted his daily update to WSB and I wouldn't be surprised if he silently cashes out tomorrow and is never heard from again.
Imagine throwing like $50k into a stock and then posting your way into millions.
I hope he's jokerfied enough to ride or die. Once he's out this whole experiment is over
I think he already cashed out some of his position. Probably enough to retire for the rest of his life, and now he's probably just in it to be king of WSB and to fuck over the hedge funds.
There's going to be a lot of lives destroyed when the GME stock goes pop and we'll never hear most of their stories. It's really sad.
I mean, there’s a lot of people who are in way over their head. Selling options below their intrinsic value because they can’t afford to exercise them and their broker not allowing any margin on GME. It’s fucked.
If theory if the short squeeze plan works the idea is the hedge funds get left holding the bags having been forced to buy shares (held by retail) at whatever price the retail traders set, because there literally aren't any others available to buy. Of course in practice it will be a giant chaotic cluster fuck so yeah there's a definite risk of losing a big chunk of what you put in.