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Thursday, December 22, 2022 2:06:52 PM
I have far to big of a position to liquidate even over several days at the level of volume.
But I am not a fool. I have under 4k invested in the trips. I dumped a few million into high volume above 3 cents. So I took profit, it is why I have what I have.
To be clear, I don't think this is close to over. I know the people involved and there is blood in the water. Not talking about NSS either. They see a group of inexperienced traders, stuck 3 years in DBMM. They capitulated long ago. This little breath of life is a God send for them but I would be surprised if they make the same mistake twice. Weak hands are where the best short money is. But just like this board, there is a polar opposite presence. Someone is going to start hitting the ask hard to see if they can catch any low hanging fruit. Then there could be a little battle for supremacy.
This has zero to do with DBMM or any fundamentals. None of these 3 year old longs still around are going to do anything but watch. I would be rather surprised by dollars but I could see 50 cents or so before the pissing match is done.
Y'all don't actually think a bunch of reddit kids in grandma's basement are who actually sunk hedge funds in GME? They were the initial catalyst but not the driving force. This game kicks off all the time. It is no coincidence that it occurred in January either...
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