Watch it now. I see positive coming at the end of the day. Daddy? I hope I covered if I was a short. Could be wrong but making new highs especially at the lunch hour means good things.
funny---i said about 10 days ago I thought GME should be shorted if it touched 45 and said I would double the position if it touched 50. I also posted that I was going on vacation---turned out I missed a chance to short at 46 or so last week. This week I stated that I would short if it spiked on the earnings. It did not. This morning I said I would cover around 41 (if I was short) and would look to short higher. Earlier this year I stated I had made $ (pretty big number) shorting GME, GES, RRGB, COF, DKS, among others. Never said I made a million shorting GME. It was one of many stocks I have traded from the short side. I still think GME is a long term short as are many of the stocks mentioned above, currently I have positions in nome of them. Shorts will likely move this higher over next day or so....at that point I will have a decision to make with regards to the stock
You know I think the longs were a lot more correct than you were about how well GME was doing and how the future looks quite rosy. That was confirmed.
You said you didn't have a position going into earnings and your arguments to why GME should be shorted were not confirmed.
The price action on earnings day, though mind-boggling, concerns me very little. It has not changed my mind nor weakened my arguments. But then, I like to attempt trading on logic. I have no idea what folks are trading on today with this stock.
Right about what? He had no position going into earnings meaning he did not know if it would go up or down. If he knew it was going down he would have been short.
He is a typical idiot who likes to use a MB on Yahoo to feel better about himself.
At one point he said he made a million dollars shorting GME which just made me laugh.. If that is true he would have had to have been short like 3 million dollars since the stock is only down like 30% from the high assuming he picked the absolute top. If you had that much money would you waste your time bragging on a MB when you could be out living it up?
I believe you stated yesterday no position into earnings but were looking to short a rally. So you didn't profit from this morning's drop, unless you are changing your story. You heard the report and I asked this yesterday. Why not dabble some of your profits on the expected long side for a couple of bucks, sell and then short again and make even more money? Just curious. If you are familiar with the cycle why not play both sides?