Re:AMC, GameStop Give Hedge Fund Mudrick Capital $200M in Gains
by cj on Wednesday February 03, 2021 @01:27PM
(#26017175)
GME's 52 week low is $2.57.
Without knowing when they entered their position. It was hovering around $4 for a long time last year.
Even if they bought in at $5, selling at $20 is absolutely a win. Yes, they could have gambled and HODL'd, but there's no reason to gamble after seeing a 4x increase on a stock very few people expected would ever break $10.
Without knowing when they entered their position. It was hovering around $4 for a long time last year.
Even if they bought in at $5, selling at $20 is absolutely a win. Yes, they could have gambled and HODL'd, but there's no reason to gamble after seeing a 4x increase on a stock very few people expected would ever break $10.