He jumped off the 18th floor of a fucking skyscraper moron, you think he walked away? Took them two days to publicly identify the body.
but I’m not surprised someone holding that turd of a stock that’s gonna splat too doesn’t believe
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He jumped off the 18th floor of a fucking skyscraper moron, you think he walked away? Took them two days to publicly identify the body.
but I’m not surprised someone holding that turd of a stock that’s gonna splat too doesn’t believe
His wife was in the apartment with him.
Him and RC both being sued for insider trading.
https://www.reuters.com/business/bed...ts-2022-09-04/
But congrats, you profited from a pump and dump scam!
I’d guess stock halted Tuesday
so how did they control the price?
I target pump and dump, they are easy thing to scalp. With that said BBBY has clear option chain gamma squeeze written all over it with high short interest. I literally posted about this the friday before the run up you can go back in this thread and see, if a beginner but full time trader like me can spot that, how did RC + the CFo have any control of that price finishing 3 dollars above max pain.
Cohen bought his shares months before the run up...
nothing but that sweet sweet humble brag. which was sweet.
ain’t nobody never asked you to post no fucking screenshots neither.
fact.
You say “he bought his shares months before the run up” as if that’s not EXACTLY what a PnD is. You think they buy them the morning of?
Because he knows the idiotic nutriders at WSB/ SS hang on his every tweet/word/action.
He knows they see what he buys.
He knows they think he’s some benevolent deity.
He knew that if he threw them a bone in the form of a beaten down retailer with heavy short interest they would do the rest with some overly creative nonsensical rationalizing of the situation.
And he coincidentally bailed just when they expected the pop.
t’was the perfect dolphin turn of a pump and dump.
fact.
so the WSB crew knew of his position in BBBY for months.......Like literally the first to know in the world. He bought his position back when the stock was much higher as well.
Why did is happen that week? ...I mean I said why it happened it was Option chain having to buy into an overly shorted stock. If you can explain how RC and the CFO cause the price to be max pain that friday by 3 dollars I will be all ears.
Do you also know RC cost bias on BBBY?
so just to be clear if this forum wont take actually plausible and predictable mechanical move like the options chain having to buy in causing a gamma squeeze, its just a pump and dump?
so, just to be clear, please feel free to continue to make your own definitions of whatever you feel like making a definition out of, and drawing whatever conclusions from those definitions that you may. nobody is disputing you, arguing with you, or really even taking you seriously in any sort of conversation.
Just to be clear, the gamma squeeze is a byproduct of the price action, which in this case was caused by a bunch of people hyping a stock up in preparation for some grand announcement and snatching up OTM call options. That’s the part about RC throwing you guys a shitty company with high short interest and making cryptic tweets. Oh and buying a bunch of deep OTM call options at strike prices 5x higher than the current stock price.
super simplified version
each option contract is basically a contract to buy the stock at a certain price. Whether you bet it was going to up(call but not always) or down(puts but not always) you make premium on how much over the or under stock price is from the closing on that friday. It also means you have to buy/sell so many of the shares at a certain price.
Max pain is the number where the majority of options contact expire worthless.
Max Pain for BBBY that friday was 9 dollar, it closed friday afternoon at 12.50. This was 3.50 above max pain. This was very bullish as those option contract have to buy in.
I made this post that friday.
https://www.tetongravity.com/forums/...20#post6668220
Basically as those options contract bought into BBBY a stock that has over 100 percent of the float shorted there was basically no one will to sell their shares at the price BBBY was trading at. It was nt till BBBY was above 25 dollars on tuesdays that all those contract were finally accounted for. Each of those contracts represent 100 shares that have to be bought a piece. The lack of shares combined with the buying pressure was a Gamma squeeze.
On that tuesday BBBY traded 5 times its float over. RC sold his shares on that day same with the CFO. They could not possible have predicted this run up any earlier than I could have. People will sit here and mock because they apparently are far too stupid to under the mechanics trump fundamentals in short term market moves.
If you have access to fintel/ortex stuff like this is publicly available numbers, same if you are high roller with a bloomberg terminal.
https://www.tetongravity.com/forums/...20#post6668220
Again with people calling me an idiot that is fine. I probably am. I am stupid enough to trade as a full time at this point. With that said I wasnt wrong about BBBY's run up and what caused it. I am not always right( i sincerely though GME was going to buy BBBY) and I have made some shit trades all traders make shit trades even if their info is right but I rarely post things unless I am pretty confident it will not loose. My last two post was to buy GME sub 90 pre split, and LRC at .4 as it ran to 4.00 dollars.
If you want more info on a Gamme squeeze check out this video.
https://www.youtube.com/watch?v=t2ty3MuQ68Q
Fun fact GME and AMC were never short squeeze but actually gamma squeeze, the shorts never closed they just got hidden in ETFs and the option chains.
No, retail buying up stupid amounts of shares drove the price. $230 million over the 3 weeks leading up to that point. That’s how you time your sale, when the dumb money is waving wads of cash at you. Traded 5 times it’s float- yeah because 10% of the company was being dropped on the market.
https://www.bloomberg.com/news/artic...h-beyond-trade
Whenever you say “the shorts never covered” a puppy dies. It’s like there’s no concept of how these firms actually position trades.
Nobody’s calling you an idiot. Nobody gives a shit about anything you have to say.
So, dudes…dropper post, or straight?
“Your an idiot if you do not have long position in GME/AMC at this point in time.”
November 1, 2021, AMC trading at $37.07. Closed at $8.88 on Friday.
November 1, 2021, GME trading at $50.02. Closed at $27.36 on Friday.
No, GME did not go up $44/share in the two weeks after that post. 52 week range $19.40-$63.92.
its did go up 44 dollars a share because GME went though a 3 for everyone dividend split after that point in time so 11 dollar rise was 44 dollars per each share back then. You are also forgetting that AMC value is now combined with APE as well. If your trying to punk me you should at least understand what you are talking about.
and yes you still are an idiot if you do not have position in either. GME with the amount of shared being DRS (up to 52 percent) represents people fighting back in mass. When the squeeze finally happens I can not wait to hear how "lucky" I am.
I have no plan to quit my day trading over it(since day trading for me has been solid income for 2 year + now and I am doing better in the sideways/bear market than the bull market) but I frequently trade GME, AMC and Now APE while still holding. APE yielded 20 percent on friday and another 5 percent today as day trades. To put it bluntly the shorts are trapped and have been trapped since early 2021. If they were not trapt the price of these companies stocks would be nearly zero because as companies they are not great.
Nobody cares.
Aren’t you supposed to be daytrading? Not gonna make your numbers if you spend all day jawbonin’ it around the water cooler.
Shorts don’t control the buy in of shorts, the clearing firms and broker dealers do. It’s all automated and based on the size of the customer on if you will get bought in.
I would call what some would call a “short squeeze” as a liquidity crisis. People that are short shares are being “bought in” at the end of the day, losing their short shares and then come in the next day unexpectedly long and then have to re short. If you get a gap down in between you can lose a lot of money on whatever you were hedging. . It’s all automated and has nothing to do with bias but rather tha avaialbilty of shares to borrow and short. That’s why option put/call parity gets all screwed up, people pay a premium to short deltas with options. They hammer the calls and bid up the puts because the average schmuck can’t short the stock, only the big guys can. It was the easiest money I ever made selling those risk reversals and shorting the stock. I am almost never got bought in because I cleared Merrell Lynch and they had a huge stock loan dept.
I keep saying this, but being short stock does not always mean you want the stock to go down. You may be the one shorting the puts (me), or you may have gobbled up a ton of warrants, and you’re just hedging.
It’s not always a mind game. The structure of liquidity in the market prevails over fantasy david vs Goliath stories. Much, much bigger players doing things we have no idea about. 90% of short interest is just a hedge. The run up in price is purely a liquidity issue.
Right, and the whole “gamma squeeze” thing is just the latest fad that will always have merit but it’s doomed to fail as a primary strategy like every other fad. It’s never that simple.
I still expect GME In low single digits at some point regardless of technical positioning. I’m sure Cohens trading branch is well hedged.
It’s hard to pick a spot where people are long/short gamma, and where they will adjust deltas. Some do it every .05 on an auto hedge, some let it run the entire day. Pin risk is very real though.
It’s the same problem with all these indicators we talk about. Back as a young lad, I enjoyed reading the teradyne tape. Looking for big prints. Never mind they had 2 minutes to print trades. But nowadays, where is the info coming from? You’d know better what the vendors are using to plug in. But short interest? Who knows, there are many exchanges, then there are crossing exchanges, so many more sources of data I question anything I’m looking at now as incomplete. And considering how hush hush the stocknnloan business is I’d give 0 relevancy e to any short interest indicater
I’m having trouble figuring this out
I believe I bought 90 shares of this stock and it now says I own 285.
Is this a split and another split?
The money lines up
Attachment 425664
I can’t believe I’m answering this:
NASDAQ ANNOUNCES 3-FOR-1 STOCK SPLIT AND QUARTERLY DIVIDEND OF $0.20 PER SHARE
GME was 3 to 1 dividend split.
A split would just mean you split the share into 4 shares.
A dividend means each shares was given 3 shares.