General Investing and Economics Discussion - No Politics

Deleted member 2897

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CuseJacket said:

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25x his money on $50k ($15/share to $350/share) is $1m not $22m. Was he buying options or something on margin?

There are a lot of people who have lost their shirt on this stock - we won't be hearing from them.
 
Lotta Booze

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bwelbo said:
25x his money on $50k ($15/share to $350/share) is $1m not $22m. Was he buying options or something on margin?

There are a lot of people who have lost their shirt on this stock - we won't be hearing from them.
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Yeah he made the majority of his millions on options.

He's sitting on $12 calls that have 41,000% return and growing. The snapshot referenced was from yesterday, before GME shot up above $300 so it's certainly worth a lot more now. $40-50M? More?
 

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Lotta Juice said:
Yeah he made the majority of his millions on options.

He's sitting on $12 calls that have 41,000% return and growing. The snapshot referenced was from yesterday, before GME shot up above $300 so it's certainly worth a lot more now. $40-50M? More?
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And didn't someone say that was life savings? Invested in time expiring OPTIONS? Good lord.
 
Lotta Booze

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Lotta Juice said:
Yeah he made the majority of his millions on options.

He's sitting on $12 calls that have 41,000% return and growing. The snapshot referenced was from yesterday, before GME shot up above $300 so it's certainly worth a lot more now. $40-50M? More?
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$47.9M today

Not bad. Man's got balls of steel
 

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Deleted member 2897

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Tesla came out with earnings. Stock is worth $800B. They earned $0.7B. 1200x earnings valuation. Hilarious. It is valued about 20x what it should be (at least). A lot of risk out there in the markets right now.
 
Techster

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Lotta Juice said:
I spoke too soon on RobinHood, they're in on it as well. They're not allowing people holding GME or AMC to buy more shares. They can only "close their position". And they say it's the redditors manipulating the markets. BS
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What Gamestop is laying bare is that Wall Street is just legalized collusion and racketeering. Redditors are not doing anything different than what Wall Street does every day, except they turned the game around on Wall Street. Since some big players are getting absolutely SLAMMED, Wall Street is calling in favors:



Fascinating thread:

 

Deleted member 2897

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Techster said:
Truth...LOL

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There are a lot of retail investors hurting too and a lot of other institutions cashing in big. You can't buy shares unless someone else sells. You can't sell shares unless someone else buys. Its like trips to the casino - you only hear about the people who win money, and they never tell anybody about the money they lost that day along the way. We happen to know some hedge funds who overextended themselves on a short play and got caught with their pants down and its okay to laugh and celebrate that.
 
Techster

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bwelbo said:
There are a lot of retail investors hurting too and a lot of other institutions cashing in big. You can't buy shares unless someone else sells. You can't sell shares unless someone else buys. Its like trips to the casino - you only hear about the people who win money, and they never tell anybody about the money they lost that day along the way. We happen to know some hedge funds who overextended themselves on a short play and got caught with their pants down and its okay to laugh and celebrate that.
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Retail investors should know the risk before they get into investing securities. There is literally a disclaimer everyone signs before they are allowed to sign on with a brokerage that literally says that. If you invest money in securities, you have to be willing to lose it...otherwise keep it in a savings account. If people choose to ignore that and think it's all upside, then cry when downside hits them in the head, that's on them.
 
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