Your risk is limited with the Puts to the amount invested. The common shares short expose you to unlimited risk and you could get wiped out overnight when a deal is announced with Amazon Web Services for the digital gaming as subscription service. The short trade is the most overcrowded trade anywhere with 148% of the float 97million shares short and institutional investment has 118% of the float. The Lemon is trying desperately to cover and cut his losses by getting others to short so there are shares for him to buy back. GME is a whole bunch of kegs of wet dynamite sweating and one little jolt and it will explode distroying entire portfolios. Remember KBIO? Look back what happened in 2016 in Game Stop. Imagine being able to play any game at anytime with and against players all over the world. They might even host competitions of each popular game where players from all over the world compete for cash prizes. Game Stop might become a gamers Utopia in the post Covid World.
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