$GameStop (GME.US)$ is RK abandoning GameStop for chewy? I c...
$GameStop(GME.US$ is RK abandoning GameStop for chewy? I can't believe he would but where did the cash come from he wouldn't have bought that much on margin against GameStop or maybe he did you have to scratch your head and wonder if this isn't going to cause some degree of migration of shareholders from gamestop to chewy...
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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MuscMoo : wait, he can only invest in one stock at a time?
R30R : Interesting, isn't it? RK sure knows how to create enough buzz for a Netflix series.
10baggerbamm OP R30R : obviously GameStop is down this morning on that news which is not bad for GameStop but money chases movement money chases velocity you see it with tech stocks everyday and there's a finite pool of cash so if you're in something that's kind of sitting dormant and something's moving a lot of people will transfer from A to b it hopes to make a quick Buck thinking they can always go back to A again at around the same price cuz it's doing nothing.
UNO Wild Card : No point guessing. He could have bought chewy call options when it was very cheap long ago. He hint of kansas shuffle, misdirection long ago. Selling the options with his available cash, he only showed his portfolio. How about portfolio under his wife?
10baggerbamm OP UNO Wild Card : valid point...