Redditors gave Wall Street traders an absolute pasting

[monkeytassle]

Suppose I should have known - being utter bastards and extracting short term profit *is* what the stock market likes.

GME is getting more and more interesting. Or at least it would be if I understand what the fuck everyone is talking about with gamma options

I trade them

 

[PTR]

I mean he did buy in originally really really low and increased his holding from memory.
Seems to be in a good place with these options but that's just with me reading up a bit, I'm not clever enough to understand them fully at all like some are on here.
Tbf to him he could have sold up ages ago and lived the life of a very rich man but he doesn't seem interested in selling.
Jeez £586 million after today's movements.

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There's less than 120,000 $20 calls on the books now - so he's clearly no longer holding that same position. Seems he's been doing "something" in the last 24hrs.
There's a rumour to do with that cash sum, and some new options that appeared yesterday. The numbers seem to exactly match the pattern of his cash amount - it was 29,005 new options bought at, iirc, $25.

The 5 being a seemingly random number, but also exactly how his cash amount ends - appears to be a "calling card".
People's thoughts are that he's building his own options ramp. Which fits with one of his memes from when he started posting again, the "Fine, I'll do it myself".

hahaha
One of the same people who lost a fortune shorting GameStop the first time around announced they had taken a new short position in the very same stock last week.
Since then the stock is up about 250%

And they've announced they've closed their position - AGAIN- as they cannot beat the "cult" of the retail shareholders, and clearly the company with $4+ billion in free cash won't be going bankrupt any time soon.

I trade them

Does this make sense then

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[PTR]

So that citron capital bloke is now being charged with fraud for all his shit in this

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[johnhp]

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[contrarian]

Be nice if these people started paying their fair share of tax

 

[PTR]

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Been rumoured for months. Stick jumped on Friday as mainstream caught onto leaks.

Not convinced it's a good deal, but ebay is a much better ran company than I'd expected, making good numbers.

 

[johnhp]

Been rumoured for months. Stick jumped on Friday as mainstream caught onto leaks.

Not convinced it's a good deal, but ebay is a much better ran company than I'd expected, making good numbers.

To be fair ii have no idea. How their can make such a offer... I think it might be about making GameStop numbers and market increase.. Then all sell shares

 

[PTR]

To be fair ii have no idea. How their can make such a offer... I think it might be about making GameStop numbers and market increase.. Then all sell shares

They need 51% to take control, so you can half the value of ebay straight away, and they've got financial backing to the tune of $20bn by the sounds of it.

Bearing in mind GME has zero debt and about $9bn cash just sat in the bank. Adding the value of GME shares gets you pretty close to the numbers they're talking about.

Mind, that means its pretty much going "all-in".

As for this being a pump and dump to profit on the GME side, its quite the reverse, its Ebays shares that have leapt up, not GME's. Although I suppose GME could make a tidy profit by selling the 5% of Ebay stock they apparently already have (you don't have to submit the notifications of "a position of interest" until you hit 5%, so I imagine we're sat on 4.99% right now) - could turn a ~10% profit on that investment by cashing in right now! That's about $500m profit at the press of a button - not to be sneezed at, but since they already have $9bn cash in the bank, its not really moving the needle if they've been planning this move for a year.