/biz/ - Business & Finance

Capital gains losses can be written off. I don't really trade. I only put in small play money, which can be written off if it completely tanks.

I've been following this for a few months now and really things only got f***y when it hit mainstream. Otherwise the underlying DD was solid. And nothing has changed on that premise. Every day shorts lose millions and millions. Biggest HF involved already down 50%. It's a battle of attrition. Even with today's losses, they still lose. It costs nothing to hold. And I can write off if people lose steam and give up.

If retail or institutional longs give up and sell out now--it becomes a pump and dump with lots of bag holders.

If retail and institutional longs continue holding, a squeeze will still happen with HFs being the entirety of bag holders with everyone else having days of insane gains to cash out.

For what it's worth, it's interesting seeing information on WSB from like days prior only to percolate up to mainsteam, but the way it's reported is muddying the waters. It's the first real-time hand I've seen of true manipulation of narrative. Which makes me want to hold all the more.

Today's trades were extremely low volume. Look at the candle bar graphs, not the line graph and price. Most trades were even 100 of stock down to multiple decimal points of cents. This tells me shorts are artificially trading counterfeit shares to drive price down. No one holding actual shares is actually selling, except maybe small hyper bandwagoners who are just playing this like a pump and dump and spook easily.

Either this makes history or it doesn't, and the small entrance fee is worth the ride. And either a squeeze comes, or it doesn't, and by Feb 9th we'll know actual short interest numbers to see if the media lied about melvin covering their position (which seems unlikely they somehow picked up 50-75 million shares over the weekend somehow, lol).

Not financial advice, just my incoherent ramblings.