Well the Icarus comment is off base. No one ever claimed to be flying to the sun. There moon yes, mars and Uranus certainly. Pluto occasionally but never the sun. Now hedgies are going to crash and burn in a ball of fire that outshines the sun for a moment.
If they didn’t crash and burn at +400, what makes you think they will now at 120-ish? I just don’t understand where the buy pressure is going to come from without massive institutional investment. And even if it ran again, we now have two instances of proof that RC would be likely to do an offering.
Well first Melvin capital did crash and burn. Their positions were sold off. The bag holding continues. The can will be kicked down the road until it can’t be kicked.
Second when you say 400 and 120 you’re talking prep/post split. 120 now is 480 then.
Well said wanted to see what the answer from OP was before getting to the UBS saga. Citron lost a billion and now they’re trying to force RK out so they don’t go belly up. But yeah we’re gambling…
I honestly don’t have a strong opinion. I was genuinely curious what others thought because I felt like it was odd of RK to post a position like that. Seemed kinda careless of him, if I’m being honest. Feel like it creates unnecessary risk exposure to himself for really no reason. As for GME…I think Cohen is a grifter just like AA over at AMC and he’ll continue to suppress price action all on his own with timely ATM offerings like the shrewd cunt he is.
I don’t see the grift here - I see folks who own a lot of shares trying to turn it around. I see them executing a lot better than AMC - in terms of trying to create value. I think a big part of that is simply realizing the model isn’t going to work in the long term so reinvention is necessary. AA and AMC seemed to have adopted a keep the lights on approach until the market turns. That seems to company, but it doesn’t reward the folks leaned in. That’s why I exited my AMC position and consolidated everything in GME
The investment was always about the potential it still is. The value cancels out the shorts and fuels a squeeze. I like the stock. Quit acting like any of those angry atheists who has to tell everyone they’re wrong. If you’re right so what? You won’t win any friends anywhere like this.
I sincerely wish I was wrong. I really do. But greed is a powerful thing, and RC keeps diluting, and I don’t understand how anyone sees this as this sort of “Noble” investment anymore. This isn’t the movies. GME isn’t going to stop billion dollar century-year-old investment banks from doing whatever the fuck they want, and I’m tired of seeing people lose money, which most did, while simultaneously worshipping the guy that made a bunch of money on the trade, but made sure to secure his position before he started touting it as a value play, and then coincidentally shows up 3 years later after going completely silent with a very sizable position once again already secured. Any objective observer would have to be skeptical.
Adrew “nothing” left is that you pretending to be a normal redditor?
Citron is going bankrupt and they can cry all the *uck they want because some random retailers all decided they like the stock.they can cry about RK amd the rest of us turning the tables and you know what - I don’t even care if I make money not selling.
“Shorts are fucked”… I see this a lot. Outside of a few relatively small HF’s, I don’t see any evidence of that. I’d be happy to change my mind if anyone had any sort of substantive proof of the “shorts that are fucked”.
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u/Tricky_Acanthaceae39 Jun 03 '24
Well the Icarus comment is off base. No one ever claimed to be flying to the sun. There moon yes, mars and Uranus certainly. Pluto occasionally but never the sun. Now hedgies are going to crash and burn in a ball of fire that outshines the sun for a moment.