Reddit trader behind GameStop rally says he lost $13M in one day

Discussion in 'Wall St. News' started by dealmaker, Feb 4, 2021.

  1. zghorner

    zghorner

    lmmfao im dying
     
    #11     Feb 4, 2021
    Cuddles likes this.
  2. S2007S

    S2007S

    Not only does he own 50,000 shares at a cost average of 15 but also had 500 calls he bought for .20 cents each that at one point were worth north of 100.
    Believe they said he had over $30,000,000 in profits at the height of gamestops euphoria. Now the stock getting swallowed up.
     
    #12     Feb 4, 2021
  3. zghorner

    zghorner

    $55 mil.
     
    #13     Feb 4, 2021
  4. S2007S

    S2007S

    #14     Feb 4, 2021
    comagnum and Butterfly like this.
  5. noddyboy

    noddyboy

    He said he would stop posting, so I suspect he will get out soon.
     
    #15     Feb 4, 2021
  6. dealmaker

    dealmaker

     
    #16     Feb 4, 2021
  7. JSOP

    JSOP

    Never know. Anything is possible. But for it to happen, they need to trade with brokers that do not restrict buying. It's the restriction on buying that killed the rally.
     
    #17     Feb 4, 2021
    zghorner likes this.
  8. gkishot

    gkishot

    I think elitetrader website should create its own WallStreetBets forum. It's about time.
     
    #18     Feb 4, 2021
    d08 and zghorner like this.
  9. Overnight

    Overnight


    We already have a forum. Why create another one? Go pump your stock in the stocks section, heh.
     
    #19     Feb 4, 2021
    dealmaker and zghorner like this.
  10. gkishot

    gkishot

    So how come Reddit has beaten elitetrader to it? Makes no sense.
     
    #20     Feb 4, 2021