Ken Griffin Charity
:
I can say with 99% certainty he sold off his entire GME stake. He would not have enough capital to buy a 6.6% stake in CHWY otherwise. No one is going to lend a meme stock guy 220m+ to buy stock in a dog food company either.
Rusty Shackleford 1
Ken Griffin Charity
:
I'm just curious because I'm not very smart with this type of thing. Wouldn't he have to pay taxes on the sale of the stock, and if so, do you think he would still have enough money to purchase that amount of chewy stock.
Ken Griffin Charity
Rusty Shackleford 1
:
From just the sale of stock, no. But he sold 80,000 calls and that gives him enough capital. On top of that, we already know that the guy loaded up on calls before and during his return to Twitter, and sold them as he continued pumping out those memes.
So the gains from those trades inclusive of his GME position should give him enough capital to have purchased his stake in CHWY.
TheZooman22 : someone sold 3.5 m shares of GME at 9:30 am, then someone bought 10 m shares of CHWY at 9:30 am
Kiiim TheZooman22 : Think about it, who bought RK? Can we, the retail investors, eat it?
Ken Griffin Charity : I can say with 99% certainty he sold off his entire GME stake. He would not have enough capital to buy a 6.6% stake in CHWY otherwise. No one is going to lend a meme stock guy 220m+ to buy stock in a dog food company either.
74754703 Ken Griffin Charity : Ooh can you now? With 99% certainty, what a guy …..
Ken Griffin Charity 74754703 : Yes. Because you know, there’s this thing called math
Rusty Shackleford 1 Ken Griffin Charity : I'm just curious because I'm not very smart with this type of thing. Wouldn't he have to pay taxes on the sale of the stock, and if so, do you think he would still have enough money to purchase that amount of chewy stock.
Ken Griffin Charity Rusty Shackleford 1 : From just the sale of stock, no. But he sold 80,000 calls and that gives him enough capital. On top of that, we already know that the guy loaded up on calls before and during his return to Twitter, and sold them as he continued pumping out those memes.
So the gains from those trades inclusive of his GME position should give him enough capital to have purchased his stake in CHWY.