I agree with what was said earlier. I bet part of the market sell off is hedge funds having to cover margin calls on their shorts. Itâs probably a great time to add to the best in class tech stocks that are down.
So looks like the squeeze isnât done. The shenanigans yesterday which drove the price down, allowed the hedge funds to cover their older shorts, but they reloaded in GME with new short positions. So they are still short about 120% of float! except now at higher prices. This is going to come down to who blinks last. They were less insane about the other meme stocks - short float is down to about 40% on AMC, and in single digits for things like blackberry. Really surprised they re-upped after taking so much losses on GME
@Jil Just curious to know why you have to pull all of the money? why not avg down or remove a certain % and buy puts?
Great story of a man who tried to beat the short sellers 100 years ago. He would have succeeded but Wall Street changed the rule on him last minute. The man ended up in bankruptcy. Sounds familiar?
Didnât down much.
Ego.
I read 120% short data is released every 2 weeks. So 120% is still old data and have to wait for new one.
Michael Burry, aka Mr Big Short:
You have repeatedly telling that I am unable to get the context, but truth is other way !
I am also talking about next few weeks. You want a find out a reason for this current volatility and assigning a logical reason âShort squeeze like GME and Hedge Funds 70 B lossâŚâ.
Because retail investors were trained to assign a reason for every DIPs and Every UPs - on daily basis - by news/media ! Most people believe News/Media are properly providing reasons for many decades.
The truth is News/Media publishes convincingly nice write-up, but that is not 100 Truth !
But, I do not believe such nice stories as I have been telling here last week onwards âMarket is preparing for a show downâŚwhich no one here believed it.â I did not openly emphatically declared here, even though I knew the truth ahead, as no one can 100% guaranteed prediction for the future.
This week show down was pre-planned attack started last week Thursday/Friday and All news/media information are just after the fact nice write - up (which no one here believe it - I understand). 
My case is different, there is no tax concern as I am using my retirement account for investments. By clearing out all cash pre-fall and putting 80%-100% cash at deep bottom, I will maximize my return.
Yes, I will have both puts and calls depending on marketâs daily situation.
Does your retirement account provide access to options?
My 401k gives only covered puts and covered calls, but my Roth gives better options (calls, puts) with some restrictions but no margin (cash basis only).
I guess that would explain the inability to settle trades. Brokers shouldnât allow selling shares short if they donât have the shares. The whole point is borrowing the shares to short them. What exactly are they borrowing if there are no shares?
Thanks! What if from Monday it starts going up? Wouldnât you miss out the bottom? In that case what would be your strategy? My only guess is you are extremely confident on your algo
You are right on this. They wonât allow to short when there is no shares to short ! I checked with schwab, TDAmeritrade, Robinhood and Fidelity, everywhere same story.
You are extremely confident on your algo => kind of agree.
What if from Monday it starts going up => Yes, I may miss the boat, as no one 100% perfect.
Practically, I guess Monday is up day and loaded some calls - just 5%. If it goes down, I need to bite the loss !
BTW: My guess is: Even if Monday is up day, very likely market slide will continue further. Market is not out red yet !
Whatever, I am taking a break, watching TV serials now. This time I would check market now and then, no more missing rocketing like Mar-Jun. Anyhoo my last 100 MRNA is called away today because price closed higher than the strike price of the covered call.
This is an interesting thread: https://twitter.com/ZeContrarian7/status/1355538637560172548?s=20
âToday, at precisely the same moment â we are once again witnessing key stress points in the financial system which can unravel very quickly. Our 21 Lehman Systemic Indicators are screaming higher.â
Not yet. Is at Bear Stern level.
Is this 2008 again? Sorry day trading is gambling. Guaranteed to give you a headache, stomach problems and sleep disorders.
Meanwhile RE nationally is the hottest itâs been ever. Why is a GME more in the news than this?
Yep, everything pumping and everything will likely crash down as always with this type of ramp. I still see a ton of upside for this year (after current correction) but after that, the downward spiral could be epic. No more additional RE for me. Iâll probably sell one of them in the summer and that could be the perfect timing.