@Jil is an evil person, laughing at misfortune 
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This is selling the puts !
Even now GME has calculated opportunity => $5 GME at $2.75 (PUT (GME) GAMESTOP CORPORATION JAN 20 23 $5 (100 SHS)).
Your $500 locked and you will get $275 as sell to open put. If GME corrects below $2.25 (like bankrupt), we lose, otherwise it is a win.
I repeatedly told everyone COVID makes MRNA and BNTX like TSLA rocketing to moon and I told everyone way ahead $88.
In spite of this, if people are selling that, what can I do except laughing !!
Even today I bought some MRNA calls and it jumped 21.64% !! I told my partner too, he did not buy it.
Above all, I told market will tank, I do not think anyone believed it !! Market may bottom around next friday until then it is going down and up as usual (this is guessing).
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Chamath is opportunistic and acting on self-interest, don’t believe everything he said as gospel truth.
Not only Chamath, but every fund managers (rare exceptions) including JC, Cathie and WB (too) acting on self-interest only.
Truth is written in this bible 
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Chamath wants to be governor of California. Definitely has a screw loose. Pump and dump.
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Following you on this one.
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MRNA will drop soon, I will buy then. 
in my case I needed the cash for our house purchase.
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How is this today? Like it, prepared?.. Tomorrow again market may route down another day…guessing !!!
I guess your crystal ball is clear again? 
Anyhoo, I didn’t bang out like you do, 25% in, 75% cash, still hurt. Also, still not use to holding QQQ puts and SQQQs too long, close them too early 
My brain is not wired for short 
I need to continue to build confidence in shorting 
and learn to bang out.
Still hurt if that you want to see. Anyhoo, I think is not the real crash, is only a lure to bring more retail money in (i.e. a fast rally should follow this tank), the real one, the real big one (which will keep going down like forever) is not here yet. Hopefully my assessment is correct, and I can force myself to unload the rest of 25% 
during the grand finale.
This time, it was hard and not 100% clear, I took everything into cash mode last Friday, except BNTX & MRNA + few small stakes, and waiting for possible dip.
Yesterday, sensing further danger (still skeptical what would happen), I cleared sold all calls and parked as cash.
Today, it confirms that I was right last week (after the fact).
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The S&P 500 Index’s three-month realized correlation – a gauge of how closely the top stocks in the benchmark move relative to each other – has fallen to just 0.16, its lowest in a year and an extreme level relative to history. A maximum possible correlation of 1.0 would signify all the shares are moving in lockstep.
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Good. I can start buying again soon then. I liquidated my large UVXY position for a nice 45% profit AH. Waiting to reload UVXY but will trade for calls/longs in the coming days.
This is the start, drop is not yet over, wait for possible bottom !
I think we’ll see a ton of short squeezer continue to perform. I just missed SNDL and NAKD today but with so much new money floating around retail investors, willingness to gamble on beaten down small cap will be massive. I need a vacation from kids and work. 
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What? Thought market crash when Greed is maxed.
I take it that you mean this is not the real crash. Just a big pull back.
I do not have any idea pull back or crash, still market is not out of red.
IMO, all such things will vanish at the end of this down period. Market makers or big funds, rotate one by one and kill all those.
Take the case of GME:
The issue is big funds and owners who are holding the stock since the beginning. When the market price is 10x or 20x above (say $400 or $600 or $1000) the value of the company, big funds like FMR or Black Rock or others may offload 5% shares open market and simply take the money out to cash. This cash can be used to buy other stocks at possible bottom.
See the institutions are holding 77.5%
WSB millennials are thinking that Stocks only go up and up, and does not understand long term stock value = company value !
By this time, some of the owners would have prepared to sell the stock in near future.
wait and watch, it is fun !
Haven’t you been saying for months that a dem president would be great for markets. They even got the house and senate too. Where’s the massive market rally?
“Great for market” to you means straight line to the moon? Sorry, there is no such thing.