This mania buying osnt about fundamentals.Its a short squeeze and buying mania....Shorting a rocket is suicide.Buy pits if anything.Even though gme is up 200$ today my feb10 puts quadrupled since the stock was at 125$...idk whats going on... A lot of put premium...i went long nok this morning @5.10...well see its hit 9.80 and dropped back...craziest i ever seen.
Thats 3 mins ago. It gapped down at the open...im not short. Tried several attempts at different brokers and no shares available. Trust me it's easy money to be shorting this stock. Even if it goes to a $1000 it's going to drop 80% from any high it makes.
imagine shorting this averaging down on the way up...you know so many folks are shitting their pants waiting for the crash that is "sure to come". Thank god for heroin addiction.
This gets to the heart of the matter. Price is truth. Many people have made (and realized) huge gains (and losses) on this. So far, the bulls have been correct. Obviously that will change, but no one can know when. Only the most deluded are trying to perform fundamental anylsis on this. The smart money is making $ on these huge moves without getting emotional either way.
Why would you short the stock?Buy puts if anything.... People have been shorting this from60$ ...the market can stay wrong longer than you can stay liquid....
Koss expr spce nok Something is going on. They are finding stocks and just letting them run hundreds of percent. This is 1999 again.
Wot? Ya, traders, their primary goal is not to make money but be moralists who need to lecture the world on what makes sense and what doesn't.