It’s a gamble, I know, but at this point THREE things are clear:
$GameStop (GME.US)$ 1) The company is now debt free and plenty of cash. 2) Kitty will exercise his options in 10 days and the institutions will have to cover them: they likely bought most of them in these days, but the fact that after the 75 million shares dilution completed, the stock went up 22% tells us that the markeg is still hungry 😋 3) Kitty is smart and he calculated that it wasn’t convenient to sell at 60$ (the price would have crashed in minutes not allowing him the best average, plus the options still out there). He knows he can get more than 60$ and he will exercise his options at 20 $.
I bot three lots, the last one at 24,87$ maybe I’ll buy one more tomorrow.
JUST FOR FUN (I’m lying: for money too 😂)
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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TheGerries : GME has 4billion reserves now
Pinkki_doll : Number 4: Ryan Cohen (CEO GME) won 16b lawsuit, start boom up when the announcement is released yesterday.