yes RH is done for. They should cancel the IPO and fuck off basically. I am still bitter because i had a lot of skin in the game last Thursday when they eliminated all buying power. That more than likely was to be our moment of glory and if it was thwarted by illegal practices...those responsible should pay. I filed a complaint with the SEC and i hope every other trader that was involved does the same.
File a formal complaint with your State Attorney General Office and your State Securities Regulator as well.
Did Citadel discuss future trading volume/agreements with RH before the buying freeze? Citadel was 40% of their business.
who wanna buy GME 30 feb puts? I am gonna sell a shitload. Raise your hand and we can meet in the middle
February 2022 maybe lol. GME just created more bagholders than grocery stores...It will take them a while to fall out IMO.
WSB has been in this trade since early 2020 - and if they took partial profits last week there stands a chance that they can let the balance go to zero and still be millionaires.
The number of people reading WSB multiplied the last few weeks AFAIK. There will be some winners among them if they exit in time, a fair portion won't as they're probably paralyzed by fear or dumb WSB peer pressure. (Maybe there's a factor of this that I missed and that GME will indeed be higher in a while, but I apply Occam's razor and don't bother analyzing deeper since P&D equity isn't my sector of interest.)
We're right in the approximate area where, if press reports are to be believed, that Melvin Capital covered their shorts.