Their numbers, as a company, are horrible, and I am a technical trader not a fundamental trader. So if I am noticing it then something is going on. I am ready. PUTS or SHORT, whatever your poison, its time to go. The short squeeze was fun but now GME is entering into entirely overpriced and way overextended land. I'm going for PUTS starting Monday.
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YES MARKET IS CLOSED MONDAY - I am very sorry I keep forgetting about it. Dont buy puts monday it will be literally impossible.
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Good thing i didnt buy puts
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Let me also say this - Yeah I totally missed this. I didnt expected this at all. As mentioned I did not buy puts, I did not play this at all. I didnt find any entries that worked for my strategy.
But again I will say it - I got this wrong. I dont try to lie or make up excuses to show the world that i am perfect because I certainly am not.
after you saying puts for monday i have lost all confidence in you lol
BradWeber82
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@ArmaanOG, yes it's my fault I kept forgetting Monday is a holiday. Don't buy puts for Monday!! Lol
BettingtheShirt
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That's the problem with technical trading is that you can only win in the short run. There is a fundamental change with GME, it will re-invent itself. It has an entire console cycle (5-6 years) to re-position itself in the e-commerce sector. I wouldn't bet against Ryan Cohen.
VooDoo7227
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@BettingtheShirt, There is a fundamental change with GME.....? Like, are they selling anything else besides used or new video games inside their leased out space? Do they own different types of tangible assets that they plan of liquidating and re-investing elsewhere? The entire console cycle is 5-6 years but do they manufacture or sell parts to these manufactures? No. They literally sell these console's just like every other big box retailers like, Walmart, Target, Best Buy, Amazon, Ebay, etc, etc... This P.O.S is not worth $10 a share. I hope you get out before you lose all your gains. Or don't. Ride it down to break even point. Your call.
cryptohop
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rip
spencernev91
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Time is now. I’m shocked it got where it is today. I loaded up on puts
@cryptohop, with all the volatility they actually stayed positive got super lucky!
cryptohop
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@spencernev91, unbelievable. How is this going to end. Hopefully with equity offering so the company and its employees caught in this piss match come out ok.