TO ANYONE LONG GME STOCK READING THIS: I highly suggest you sell your GME stock ASAP. You've had a good run. You've made a killing. However, as we all know, the stock is EXTREMELY overvalued, and will return to a small fraction of the price it is now. And once the selling starts, it will be a STAMPEDE. Sell now at the top, don't wait to get out and get peanuts compared to what you could get if you sold today. I recommend you sell at the open tomorrow. Just a helpful recommendation.
What about the short interest %? (The actual one that nobody in retail knows about for sure) What about all the potentially naked calls that are ITM this week and next week and the week after that? What about the new DTCC rules that could make shorts inclined to cover now? What about all the GME shorts that were hidden in ETFs and will be realized eventually? What about the $162.5 million of deep ITM calls that were purchased last week? Ranging from $7-$20 with an April 16th date. What about all the Failure To Delivers? The movement you are seeing now is only preparation for these things coming to light. Now maybe you are right, maybe it will come back down without further issue. But I feel like there is a lot of information you are failing to look at. And this thing has so much momentum, why would it stop now? All it will take is a few more of these run ups and boom, it'll be looking back on $500 a share as it shrinks in the distance. It is a real possibility. Honestly, why would it stop?
All you have talked about is fundamentals. This is not about the fundamentals of GameStop. It's about the situation at hand. And you are probably on the wrong side of it. Nothing has even happened yet.
Dude, SaltiestOfNuts, you might be right. Fuking stock is up almost 6% again after hours. More fuking pain to come it seems. Fuk it, if that motherfuker does go to 2,000 I'm jumping out a 50th story window, Black Monday 1987 style, tie flapping in the wind as I plummet to my demise...
Wouldnt have to kill yourself if you listened in the first place. Just because you were the smartest kid in the slow class doesnt mean you are smart. Mr Dense.
I'm not going to have to kill myself because its NOT going to hit 2,000. LOL, how slow are you? Sorry, I was in Tier 4. That was the advanced kids above and beyond the advanced kids. Sounds like you made do with the more... slow paced education lolol.... ... which is literally why you are telling me to sell at a HUGE loss when the stock is obviously way over-valued and I have PLENTY of dry powder to hang tight in any further BS spikes... lol...