Re:The Battle of GameStop
by ALittleLight on Tuesday January 26, 2021 @05:14AM
(#25914193)
The tagline for WSB is "It's like if you gave 4chan a Bloomberg terminal."
Personally, I'm buying in the money puts expiring in 2023. No way Gamestop is doing better now, or has a better future now, than it did five or ten years, yet their stock's at an all time high? These hijinks may continue for some time, but I doubt it'll last years, price will settle and I'll hopefully make a modest profit.
Those puts have got to be expensive right? Even /r/wsb switched to shares because premiums were so high.
Re:The Battle of GameStop
by ALittleLight on Tuesday January 26, 2021 @02:10PM
(#25919902)
Yes. I suppose time will tell if it was a good bet or not.
And 4Chan a) isn't dumb, but they like doing dumb shit and b) they love brigading. Pool's closed etc.
But what's interesting is how the institutional outrage is merely fuelling the brigading.
The institutional investors crying in the media only confirms WSB's beliefs that they've found a weak spot in the institutions, so they're going to stick it in harder.
I admire their attitude, but not enough to put my money in to what feels like an giant troll.