Have any plan on when to get out? I’m fascinated to see how this ends, because the sell off is going to be biblical.
Right after the C-suite gets hundreds of millions in bonuses. Then they'll file bankruptcy within 6 months.
Not sure how to feel other than I like how much this has laid bare that much of the market is legal manipulation of stock. Now they're trying to blatantly cut out people who don't align with their class interests.
This. Its a game of chicken now. Who blinks first? Guys like us with $1000 on the line or the hedge fund with billions?
Let’s pretend I’m an idiot. Why wouldn’t you get out now with a 241% return? Just trying to ride the dragon an maximize the profits?
I’ll take that bet I’m guessing they’ll sell shares and raise a few billion in cash their balance sheet before all of this wasn’t even that bad
Its only going to get higher until the hedge backs out. They're losing billions, how long do they want to keep doing it? The more people holding it the more pressure on the big dogs.
Right. But what happens when the hedge backs out? Isn’t the stock going to absolutely tank. I’m so interested in this, but have a kindergartner’s understanding of everything.
Someone has to pay, if it's not the hedge it's their investors, if not them, it's the bank. And yes, they NEED it to tank, hence to gameplan of holding. They are unbelievably fucked.
What’s really funny to me is that these hedge fund guys are the same assholes who short squeezed Lehman brothers into bankruptcy in 08 / 09. Lehman was heading toward bankruptcy as it was but the shorts are really what sped that process up. Now they are crying about getting squeezed out of their position. Sweet justice if you ask me.
My bet is they offer as much stock at the market as possible as soon as possible and raise billions ins str8 cash homie
Got it. That date is allegedly Friday, correct? Let’s assume it plays out that way. Melvin Capital has to buy the stock at the inflated price and the stock skyrockets. Doesn’t everybody sell off immediately? How do you get out before you lose?
Everything I know I've learned over the last two weeks so I'm not sure about that. These weirdos haven't been wrong yet so I'm letting it ride. When they say sell I sell.
If anything Lehman is an example of short selling working, they were insolvent with a CEO unwilling to take the lifelines given to him and they ran out of options.
could a large standoffish group of unfriendly men who fear change and sometimes talk sports do this in the future? and where do i send my stimmy?
Lehman going down put every hedge fund into crisis because they all had prime brokerage balances there. Msnyof them lost billions and fought for a decade to get $.40 on the dollar back in bankruptcy court
See what lots of people will tell you is to invest intelligently in things that you know about with good fundamentals and do it over a long time period but what the real lesson is here is to buy meme stonks.
what's the deal with Nokia? I bought some this morning just because I wanted to join the fun without really doing any research. I assume that this isn't a 140% shorted situation as well, but would be happy to be wrong.
They are just going to keep doing this on any stock that's majorly shorted aren't they? Seems awesome for the small investors when it works.
Who knows man these are probably 20 year old virgins just throwing money around for mostly no reason. Don’t try to reason with irrationality. This is exactly like penny stock behavior.