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TopicStock Topic 23
red sox 777
03/05/21 12:16:01 PM
#488:


ExThaNemesis posted...
You love to see it. Diamond hands, brother.

Well, I really have not had diamond hands on GME. I initially bought at around $20 in December. I sold all of my position at $34 on the way up, and then bought back in between $65 and $100. I sold 40% of my position between $100 and $150 on the way up and then sold another 40% in the $300-$340 area. Bought back in for some on the way down. Then on the second run up, I sold 75% of my position between $54 and $92. People like me are probably a big part in why the squeeze to the 2000+ area didn't happen.

As of the current price, I'd have made about 20% more money if I had just had diamond hands with the original position from December. I don't regret the way I played it though. It would have been way too stressful and also not financially sound from a risk perspective to hold the stock all the way up without selling. It would have been too big a share of my portfolio. And with SPCE imploding over the last 3 weeks, GME is now back to my #1 largest gain.

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