Yea Overnight, what Terr said, forced buy in is better language than called away as I was describing it. When I sell short, I am borrowing someone else's shares to sell them. Now if that someone desires to sell, they the briker send me a notice making me buy back the shares I shorted to give him his shares back. Thus I'm forced out of position, here it would be at a huge loss.
Tomorrow is the last trading day of the month and the hedge funds long the stock probably want it to stay up for this. If it stays flat or goes up there is no telling what happens the first few days next week. You should really think about closing out your short. Good luck.
Not a cold chance in hell I'm closing out and giving up bro. I'm here to drink Bud Light and short Gamestop. I just cracked my first Bud Light, and I've got 17 more to go, but they will be gone before market open. At that point only one thing left to do. I've made my decision. If it hits 200, I'm adding $5,000 worth of shorts. Then for every other 100 points it hits to the upside another $5,000 worth of shorts. I'm here to take scalps, not get scalped. And I'm making a motherfuking Noah's Ark made out of motherfuking scalps...
Well hell dude, if you have the money to average down on your shorts like that, more power to you. But you never answered the question...At what price level would you be forced into a margin call? 300, 400, 1000? 10,000? At what price would you blow up? Here, from the 1970s, man...
So its tough to say how far I could go Overnight, because I have lots of other positions in the account, the vast majority are long. So if the market goes UP I can pretty much go on probably indefinately adding shorts (in small amounts) to GME, but if the market CRATERS that makes it a whole different ballgame. But, while I don't want to give my account value and what not, after today I'm like 65% invested. Pretty damn good. A few days ago I was 53% invested. So the market going down, and GME spiking, has taken some buying power away from me. But still, 35% more investment power to lose before I even go on margin. Although, some of my long positions are highly levered, hence why the spike from 53 to 65 in just a few days. In short, its some math I cannot do without spending WAY more time thinking about it than I want to. Instead I'm just fuking going to WAR. Scorched freaking earth on these reddit losers that are trying to burn me, trying to take bread of my family's table.... I sincerely hope they try and bring more pain, because I will be right there, waiting, to short more of their SHIAT and burn their soul ALIVE...
GME went down a bit today from $168 to $100 so you never know it might go back down further. It will depend on how much trade restriction the brokers going to implement tbh. You can try to hedge.
Yea, I know what GME did today JSOP, I was watching it every second I could turn to it from work. Like literally every second. I don't think you read my post above. I am NOT freaking hedging, NOT freaking surrendering. I'm staying pat, digging in like the motherfuking WW 1 Germans, and if these guys want to escalate the war, I'm shorting more. Its a motherfuking war, and its amotherfuking war I'm going to win...
Actually, how hard is it to open an account on Reddit? I want to open on there, and link to this thread, and say "here I am you DUMB BIATCHES, try to take me down, you will get SMOKED". Then laugh at their FAILURE. Fuk those dorks...