GameStop Investors Who Bet Big–and Lost Big

Re:GameStop Investors Who Bet Big–and Lost Big by k33n on Monday February 15, 2021 @02:40PM (#26146328)

There's no loss until the stock is sold. Personally, I'm holding mine and I'm only down a bit right now. I see no reason to sell. MSM badly wants the stock to tank so the shorts get covered. Won't happen.

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Re:GameStop Investors Who Bet Big–and Lost Big by rebuilder on Monday February 15, 2021 @02:41PM (#26146357)

You might as well say it's a 100% loss until you sell. After all, it's money you can't spend.

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Re:GameStop Investors Who Bet Big–and Lost Big by xxs on Monday February 15, 2021 @02:46PM (#26146417)

Technically you get dividends.

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Re:GameStop Investors Who Bet Big–and Lost Big by Bud on Monday February 15, 2021 @02:50PM (#26146465)

No, you don't. Not for a company that is making zero profit.

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Re:GameStop Investors Who Bet Big–and Lost Big by function_seven on Monday February 15, 2021 @02:50PM (#26146463)

GameStop has not paid out a dividend since March 2019. So, not even that.

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Re:GameStop Investors Who Bet Big–and Lost Big by k33n on Monday February 15, 2021 @02:49PM (#26146453)

That's not how investment works.

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Re:GameStop Investors Who Bet Big–and Lost Big by rebuilder on Monday February 15, 2021 @02:55PM (#26146531)

Neither of the absurd oversimplifications the two of us have offered are how investment works. That was kind of my point.

That said, I still think my provocation is more on point. See: opportunity cost.

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Re:GameStop Investors Who Bet Big–and Lost Big by k33n on Tuesday February 16, 2021 @05:16AM (#26152611)

Your comments may be absurd, but mine are based on my actual investment strategy. You’re just yelling at a guy who is doing his thing.

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Re:GameStop Investors Who Bet Big–and Lost Big by kbar13 on Monday February 15, 2021 @02:41PM (#26146346)

look you're welcome to your opinion, but by looking at longevity of memes on the internet and all the facts from financial reports, the dream's dead.

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Re:GameStop Investors Who Bet Big–and Lost Big by k33n on Monday February 15, 2021 @02:49PM (#26146450)

So you're denying that there's still significant short interest on GME? You're certainly welcome to take that position if you'd like!

Edit: And as for your comment below, there isn't enough downward momentum for the shorts to be covered as of now. Just opening a short position is quite dangerous, and mathematically, this is not over yet. That's a fact. I also don't gamble with money I can't afford to lose. GME could go to 0 and I wouldn't bat an eye.

Edit again since I'm throttled: I think the idea that it's time for me to make a judgment one way or another on the effectiveness of the investment is a fallacy in itself. I don't invest that way. It would take at least a year for me to reach a point where I am ready to say whether any given investment was a bad or good one.

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Re:GameStop Investors Who Bet Big–and Lost Big by kbar13 on Monday February 15, 2021 @02:53PM (#26146502)

i'm saying the momentum that drove tons of buy orders pushing the price up is gone. therefore there's no significant danger to short positions.

look, i've been there before, lost significant money (down payment for a house in sf type money) making big YOLO bets... you gotta extricate yourself from the emotions and cut your losses at some point and move on.

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Re:GameStop Investors Who Bet Big–and Lost Big by k33n on Wednesday February 17, 2021 @01:17PM (#26169605)

Nah I'm set

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