This one definitely was going to the stratosphere until YOU KNOW WHO decided to rig the free markets and force it into a one-way sell off. Sort of unfair to make fun of the bagholders when the rules were CHANGED in the middle of play. This was basically a black-swan that showed up...
What’s new though? I thought this time would be different because we have social media and a better informed populace...but guess what? It wasn’t any different than Saunders and piggly wiggly, or Livermore’s WWI coffee deal, or what happened to the Hunt Brothers when they cornered silver...they got fucked and so did we. Time to move on to the next trade.
After GME, I visualize a whole pile of money that just came into the casino ready to bet on anything in size...what's not to love?
It seems like GME has reached its comfort zone of around 52 level. It might even go to the previous comfort zone of around 15 level. very unlikely it will ever be resurrected again.
Id love to see it drop hard im still holding puts, closed all my calls out. pay attention to this statement as what generally happens after i post something like this is a gap up like 50% the next day.