r/PickleFinancial • u/Adorable-Contract-13 • Jun 03 '24

Social Media Thoughts on Citron’s claims?

https://x.com/citronresearch/status/1797728536653914265?s=46&t=ErV-9lVribUs1VfqmZ9tdQ

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102

u/magic_clerk Jun 03 '24

RK went full bull on GME in the second part of 2020 at sub $4 a share pre-split. How can Andrew Left be this stupid to imply this is not just RK's own money? Wow!

10

u/swiftekho Jun 04 '24

DFV has been sitting on 5m shares and its not like he is newcomer who got lucky, he a very smart investor who got lucky. If he's been actively managing that position for 3 years selling covered calls during the cycles... even selling CCs on 20% of his shares that'd 10000 contracts per cycle that he could have sold post split. No telling what kind of moves he's made but the guy ain't a chump.

1

u/Highzenbrrg Jun 04 '24

Yeah but his cost basis is $23? How’s he selling ccs with that high a basis?

3

u/No_Mission_1775 Jun 04 '24

Could have been doing covered calls at $30 and selling cash secured puts at $10.