/biz/ - Business & Finance

[Anonymous No.27168781]

Just shorted $GME

AMA I guess

[Anonymous No.27168853]

>>27168781
are you trying to an hero?

[Anonymous No.27168916]

>>27168781
Are you 200iq or 400 iq?

[Anonymous No.27168978]

buy more monday at the dip

[Anonymous No.27169001]

>>27168916
Btw you leaked your fidelity username rightjab

[Anonymous No.27169198]

>>27168853
No, just waiting to cash in in a few months to profit off this obvious PnD. See pic

>>27168916
Somewhere in that range

>>27169001
Means nothing because I blurred the important thing (my name)

[Anonymous No.27169427]

>>27169198
>>27168781
You're a troll, you'll cancel the order before Monday. Also, if this touches $500 again like it did Thursday, you're getting liquidated.

[Anonymous No.27169517]

>>27168781
how does it feel to be a retard?

[Anonymous No.27169535]

>>27168916
>>27169001
so i guess double digit IQ

[Anonymous No.27169582]

>>27169198
>just waiting to cash in in a few months
then why start such a large short position now? Are you like retarded? You could have started the short above $400 or even $500.

[Anonymous No.27169636]

If you had gone long, it would have paid for your transition surgery.

[Anonymous No.27169686]

Good move. The normalfags are going to get rekt and you and the hedgies will get away with it AGAIN.

[Anonymous No.27169768]

>>27168781
GME crash and burn salt is going to be better than DJT crash and burn salt.

[Anonymous No.27169797]

>>27169427
I'm liquidated at $1020 - zero chance. It'll most likely drop, but the absolute max I can ever see this stock next week is $800

>>27169517
That's a question best answered by GME bagholders in 2 months

[Anonymous No.27169850]

>>27168781
Why don't you charge your phone?

[Anonymous No.27169938]

Tbh after seeing the shills and normies get btfo again and again I think this is a good call
I'm not brave enough to short but I would definitely prefer it over holding the stock

[Anonymous No.27170066]

>>27169001
Rightjab the Punjab

[Anonymous No.27170214]

>>27168781
I hope you saved some of that money for the rope you'll neck yourself with once the squeeze happens. Seriously, this is an insanely dumb risk no matter what you think about this whole thing.

[Anonymous No.27170265]

>>27168781
>place order
You didn’t click it fag

[Anonymous No.27170311]

>>27169797
Not sure about Fidelity but Interactive Brokers has a 300% margin requirement on Gamestop

[Anonymous No.27170371]

>>27169582
>You could have started the short above $400 or even $500.
Agreed - but I was busy this week and didn't expect an actual US non-penny stock to blow-up as fast a crypto shitcoin PnD.

>>27169850
Friday is zoom call with friends / gf and then I usually pass out right after

>>27170066
Good one - I'll change my Discord nick to that

[Anonymous No.27170705]

>>27168781
How big is the BVLL?

[Anonymous No.27170802]

>>27168781
What app?

[Anonymous No.27170898]

>>27169198
When it goes up $300 dollars on Monday what will you do?

[Anonymous No.27171093]

What's your reddit username?

[Anonymous No.27171185]

>>27168781
you realize everyone is betting against you right?

[Anonymous No.27171365]

>>27170802
Ameritrade

>>27170898
Wait Tuesday to spam the catalog with pink wojaks for all the newfriends. See >>27169198

>>27171185
You realize this is what all bagholders say shortly before they became bagholders right?

[Anonymous No.27171412]

>>27169797
>liq at 1020$
Nigger you forgot to calculate short interest.
Imagine being this dumb

[Anonymous No.27171521]

>>27168781
based you're going to make it

[Anonymous No.27171557]

>>27171365
>Ameritrade
I thought they'd banned GME plays. I moved to fidelity from RH but their app is fucking awful.

[Anonymous No.27171742]

>>27169198
Ok Michele

[Anonymous No.27171842]

>>27168781
When do you have to pay the short back? That is either a very smart move or a very dumb one depending on the date, risky either way.

I don't think anyone believes this stock will be worth anything 3 weeks from now but if you need to deliver within a week there is a very strong chance you will get rekt.

[Anonymous No.27171996]

>>27171412
https://www.tdameritrade.com/pricing/margin-and-interest-rates.page
9% annual. I'll pay less than $500 in interest next month. No sweat- this shitcoin will be a quarter of its ATH by then.

>>27171557
They blocked GME options from the app, but you can still call them directly. Not that that mattered- the premiums are astronomical so the payout isn't really worth it.

[Anonymous No.27172754]

>>27171996
You dumbass the fee is 50%
https://iborrowdesk.com/report/GME

[Anonymous No.27172867]

>>27171742
fuck

>>27171842
What do you mean "pay the short back"? Someone paid me $62 grand for an "IOU 200 shares of GME". In a few months when this shitcoin drops back to $40, I'll buy 200 shares to make good on my IOU - netting a respectable $50 grand profit.

The only potential downside here is GME goes over $1000/share my broker will liquidate my position.

[Anonymous No.27173096]

>>27168781
>infinite possible loss
Have fun retard.

[Anonymous No.27173406]

>>27172867
>In a few months when this shitcoin drops back to $40
Oh no, he's retarded and has no idea how violent the volatility is about to get. Congrats on your future liquidation though.

[Anonymous No.27173613]

>OP literally forgot to check his borrow rate
>Thinks his liquidation price is going to be 1020$
HAHAHAHAHAHAHAHAH

[Anonymous No.27173908]

>>27168781
I’, rooting for you, Anon. Diamond hands.

[Anonymous No.27173940]

>>27168781
IMAGINE NOT OPENING SHORTS ON REDDIT WHAT THE FUCK IS WRONG WITH YOU FAGGOTS

[Anonymous No.27174333]

>>27172754
>>27173613
There's no borrow fee if you keep your position intraday only. And during the day is exactly when this shitcoin is going to dump - as the reddit ADHD zoomers come to term over the next few months with the fact that they are bagholders, and liquidate their positions to buy a new PS5 or Fortnite skins or something.

[Anonymous No.27174615]

I wish more people would post their positions when shilling shit instead of just logos.

[Anonymous No.27174731]

>>27168781
Based

[Anonymous No.27174938]

>>27169797
>I'm liquidated at $1020 - zero chance.
Are you sure about that? You might want to get a red wojack ready.

[Anonymous No.27175607]

>>27174615
And I wish Reddit and liberals would post images of the refugee they're housing when they say "refugees welcome" - but alas it is a defect of a social society that people can spread bad advice while not following that advice to their own advantage.

[Anonymous No.27175672]

>>27173940
>shorting a meme
>ever
Nah man, memes can remain irrational longer than you can remain solvent.

[Anonymous No.27175858]

>>27168781
so when u jump how fast do u think u will hit the pavement at?

[Anonymous No.27175945]

>>27168781
based, enjoy getting margin called when it jumps to $600 first before crashing

[Anonymous No.27176002]

>>27172867
livestream it when you neck

[Anonymous No.27176106]

Currently trying to figure out how to margin trade on my PoS europoor website. Made 5x with this and now I want to short the fuck out of it, it's obvious the jews got out already so it's only down from here.

[Anonymous No.27176191]

>>27168781
>Just shorted $GME
What is your assumption that makes you think it's a good idea to take out a short on a company that currently has over 100% short interest and an ongoing attempted short squeeze?

Are you assuming GME will have more stock issued in the near future? Or that RH is going to forcibly sell off stocks at firesale prices?

[Anonymous No.27176841]

>>27175858
>>27176002
Wow - people sure are emotional over this trade. Massive emotional investments always pay off and are never an obvious sign of a bubble. Perhaps I should rethink my position...

nah.

>>27176191
Well I can't really answer your question because I'm not assuming this is a short squeeze - I'm assuming this is a decentralized pump-and-dump ala what has occurred to thousands of shitcoins and penny stocks. The problem with these PnDs is they eventually run out of new fools to buy the bags of old fools, and the whole thing comes crashing down.

[Anonymous No.27177052]

>>27168781
I've set up automatic shorts at 1k just to be safe and secure profit.

[Anonymous No.27177102]

>>27168916
just look at his phone battery, there's your answer.

[Anonymous No.27177121]

Good OP, this place is full of reddit zoomers. The same reddit zoomers that tried to pump Dogecoin and I shorted those faggots as well and it worked flawlessly. Gamestop is worthless, most redditors will sell their shares so they can buy the latest steam game over the next few weeks, and they are already being fucked by institutions anyway.

rekt

[Anonymous No.27177437]

Holy fuck. What info do you have

[Anonymous No.27177615]

>>27176841
How is this not a short squeeze if the SI% is 120+

[Anonymous No.27177665]

>>27177121
Fuck if I knew you could short dogecoin I would have it was quite literally the stupidest thing because it has infinite amount of dogecoin it was literally JUST A MEME with no underlying value AT ALL.

[Anonymous No.27177734]

>>27169198
Please tell me you have protective options in place in case it goes bad. Or at least a limit buy.

[Anonymous No.27177825]

>>27169797
>It'll most likely drop
what? nigga the contracts are expiring and most people have 5-10K sell limits if they have any at all.

[Anonymous No.27177898]

>>27175672
Underrated

[Anonymous No.27178352]

>>27177615
Because shorts will continue averaging up until zoomers get bored and move onto their new "We are outraged by this perceived injustice!" target. Here's a throwback you probably forgot: 3 months from 0 - 100 - 0

[Anonymous No.27178507]

>>27173406
I cant wait to sell at 400 and buy back at 200 continuously profiting off of myself as the smeg accumulates

[Anonymous No.27178518]

>>27178352
Doesn't normies fucking off make it even worse? It means the people who will have stocks know even better to hold out.

[Anonymous No.27178533]

>>27177734
>>27178352
no, he's a dumbass and is getting margin called

[Anonymous No.27179896]

>>27168781 well you didnt actually place the order, so nice LARP
but if you actually went through with it, i would call your bank and report it as a fraudulent transaction so that you dont end up killing yourself

[Anonymous No.27180531]

>>27174333
Then why are you posting this?
You are keeping it over the weekend.
Just stop it pajeet

[Anonymous No.27180591]

It's obvious you're 2 digit IQ because you "blur out" your name with scribbles instead of just putting a rectangle over it. You're also going to get margin called if you went through with it, but you're a faggot so you're just going to cancel this order anyway.

[Anonymous No.27180858]

>>27178352
Almost nobody has closed their shorts yet.
They will soon. The fee is over 50% and the time is with the retail investors.
The shorts are literally getting burned each day and they wont be able to hold on forever.
Shorting this is insanely stupid.

[Anonymous No.27181188]

question, I know this is about fucking over the "shorts" but won't the shorts eventually win? Like the gamestop stock has to go down eventually right?

[Anonymous No.27181326]

>>27180591
I had to check.

[Anonymous No.27181336]

>>27181188
Nope. Those who are short are currently paying around 50% interest rate on their short.

[Anonymous No.27181374]

>>27181188
>but won't the shorts eventually win?
You don't understand how shorts work. They have a 89% interest right now.
Just to hold it costs million if not billions for them
For us to hold it costs nothing.

[Anonymous No.27181535]

>>27181374
Interest is not the same as the fee.
Interest in this term just says how many are short the stock
Borrow fee says what the yearly interest fee on the loan is.

https://iborrowdesk.com/report/GME

[Anonymous No.27181559]

>>27181326
just noticed it's under "review order" too. what a baka

[Anonymous No.27181830]

>>27173096
How is it infinite retard? Most he can lose is his collateral

[Anonymous No.27181963]

>>27168781
>We sorry to inform that your position had to be terminated due the lack of cash to cover your margin. Total portifolio value: -300 US$
If it just spike to 1000 US$ next week you will get ass fucked really hard.

[Anonymous No.27182038]

>>27177665
my my its smelling AWFULLY SHILLY IN HERE RIGHT ABOUT NOW

your nose is showing,

[Anonymous No.27182257]

>>27169797
>I'm liquidated at $1020 - zero chance.
hahahahahaahaha fuck

[Anonymous No.27182363]

>>27169198
You can be right but I hope you are aware that is also possible to lose 100% of your portifolio including the cash.

[Anonymous No.27182400]

>>27178352
>Because shorts will continue averaging up until zoomers get bored
My phone goes beep beep when the price crosses $400. In the meantime I shall do life things, such as strumming the guitar and masturbating. I can wait.

[Anonymous No.27182814]

>>27168781
GOAT

[Anonymous No.27182904]

>>27177825
It's normies and poorfags you're talking about. I can't limit sell because I have fraction of a share.

[Anonymous No.27182907]

>>27181830
>he doesn’t know

[Anonymous No.27183717]

>>27177102
Kek - this.

[Anonymous No.27183742]

“I thought I was making an incredible investment,” Mark Hilton of Sherwood Elementary School stated. “I read in Margin of Safety by Seth Klarman that when kids on Wall Street Bets bid up bankrupt stocks you should short them. When GameStop went to $100 per share I put $15,000 of our school’s funds into a short.”

Mark Hilton, 45, has been the superintendent of Sherwood Elementary School in St. Louis, Missouri for 10 years. During the past ten year’s Mark has been in charge of managing Sherwood’s endowment fund – mainly investing in long-term index funds. This past year during the pandemic, Mark started to read as many investing book as he could get his hands on.

“I read over 14 books on investment strategy,” Mark said. “When I saw the hype with GameStop I remembered Ben Graham saying how meme stocks are a great short when kids on internet forums take them to ridiculous valuations.”

Literally seconds after Mark put a short order in, GameStop went to $400. “I was devastated. Not only did I short GameStop but I did it on 10x margin. When I looked at Sherwood’s Robinhood account it showed negative $12 million.”

Sherwood Elementary is now in the hole for $12.45 million. The school is on the verge of bankruptcy and ruin and completely out of funds. “We are holding a local bake sale this weekend,” Mark stated. “But there is no way we can come up with this money. I will have to fire all of our great teachers.”

If you have any idea what Sherwood Elementary can do to raise funds don’t hesitate to call the district.

https://thestonkmarket.com/elementary-school-lost-12-45-million-on-botched-gamestop-short/

[Anonymous No.27184214]

>>27168781
>Just shorted $GME
>AMA I guess
How does it feel to be a genius

GME is only going to go down. GME was a PnD from the start.

[Anonymous No.27184351]

>>27168781
>>27184123

[Anonymous No.27184461]

>>27184214

>goes above $600

>pleb didn't prepare with enough dough on his account

>gets margin-called and liquidated

>mfw retailers don't know how to short

[Anonymous No.27184773]

>>27184461
Reality:
>drops down to $200
>makes $100,000

[Anonymous No.27185198]

>>27182038
I just dislike shitcoins for shitting up the board.

[Anonymous No.27185382]

>>27168781
based, I already made some profit shorting but now my fucking broker wont let me open new shorts

[Anonymous No.27185480]

>>27172754
50% annual fee is fucking nothing when he will be making 80% within a week

[Anonymous No.27186196]

>>27182907

[Anonymous No.27186819]

>>27169768
What djt salt. I mean I remember when he won and 5he liberals actually crying like babies, but didnt see trumptards crying like children. What salt?

[Anonymous No.27186842]

>>27183742
this pasta is so stale you better hold statera to break even

[Anonymous No.27186903]

>>27176841
you have to go back

[Anonymous No.27187230]

>>27181830