Man...could you imagine if that event triggered all of the diamond hand losers to sell, resulting in a systemic market sell off which could actually be a black swan event. That would be hilarious!
Are all of you vision impaired? Look at line 3: Cash Total $13,817,295.47 If GME goes to zero DVF is just fine.
He has been in those positions for months and let them run nicely. When stock goes vertical and makes the national news, maybe it is time... But yeah, the 3rd line shows he actually took some profits already.
Fer crying out loud! There's a point where you have to take your profits, no? The time was last week. Now he is bleeding away all the money, for a "cause". Good on him though, sticking to his guns. He's going to shoot himself in the foot. Book the Profits NOW, NOW, NOW NOW! WTF!
No he is doing the right thing by holding and unload in small increments. If he starts to unload large positions, this will send a strong message and will create a ripple effect that will create a stampede with everybody rushing to close positions when they see the leader has started to sell. Then everything that he worked for and created will amount to nothing and the shorts will have the last laugh. This is where the most important trading rule comes to play: Cut your losses early but let your profits run! Cutting your losses early is easy but letting your profits run is harder. I lost count of how many times that I exited too early and only to see the price take off to the moon without me onboard. . Hold!!! The longer you hold, the bigger the explosion! You can let go early and you will get some satisfaction yes but you will never get the explosion. If you want the explosion then you need to wait. And if everybody holds and waits then the explosion will be gigantic!! United we stand divided we fall! If somebody who's got $50 million still hasn't sold, you've only got $5K and you want to sell? Really??!!!
It's a market. The price MOVES!! It will go down and it will go up. The price has dipped all the way to $110 last week but it went back up to $330. What if he sold now and tomorrow it goes back up to $440?? Now both sides are in a hold contest. WSB side is holding not to sell and the shorts are holding not to cover to see who can outlast the other. Whoever lets go the first will be the loser. The winner will take ALL, gradually.
I think this is proof positive that you have never been poor. Else, you would not have even responded. I'd literally give a testicle to get just a piece of that 50 million profit that he had in his hands. Now that I know you don't give a shit about it, that means you are independently wealthy, and so you have ZERO input on this guy's next move. We poor people are praying, I mean PRAYING, that he doesn't blow it. He needs to exit NOW NOW NOW!