LogFAQs > #951388412

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Stock Topic 24
red sox 777 03/05/21 7:33:59 PM #33:	StartTheMachine posted... Yeah if the market bull runs GME probably flops. Also GME short interest is a joke now. The whole thing is a cult to me at this point but good luck to anyone in it. Hope I don't miss the opportunity to buy (more reasonable) puts this time. It's still one of, if not the, most shorted stock on the market by percentage of the float shorted. And probably there are a significant number of naked calls, which are functionally the same thing as shorts. I would suggest not betting against a cult. Tesla bears have been doing that for 10 years and getting crushed. Their problem is that once a stock has a sufficiently strong cult it really doesn't matter what the rest of the world thinks. The cult can even save the company - and that is what happened with Tesla, which probably goes bankrupt if not for the shareholders willing to pony up more money to keep the company afloat while it was losing money. That happened with AMC which was looking at possible imminent bankruptcy. It could have happened with Hertz if they could have just held off on the bankruptcy filing just a few more weeks last year. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:951388412] in Stock Topi... [t:79332153]...</cite> <quote>StartTheMachine posted... </cite> <quote>Yeah if the market bull runs GME probably flops. Also GME short interest is a joke now. The whole thing is a cult to me at this point but good luck to anyone in it. Hope I don't miss the opportunity to buy (more reasonable) puts this time.</quote> It's still one of, if not the, most shorted stock on the market by percentage of the float shorted. And probably there are a significant number of naked calls, which are functionally the same thing as shorts. I would suggest not betting against a cult. Tesla bears have been doing that for 10 years and getting crushed. Their problem is that once a stock has a sufficiently strong cult it really doesn't matter what the rest of the world thinks. The cult can even save the company - and that is what happened with Tesla, which probably goes bankrupt if not for the shareholders willing to pony up more money to keep the company afloat while it was losing money. That happened with AMC which was looking at possible imminent bankruptcy. It could have happened with Hertz if they could have just held off on the bankruptcy filing just a few more weeks last year. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
Topic List	Page List: 1