This is Going to the Moon. Diamond Hands
For those who aren’t updated:
Roaring Kitty has posted his position on GME. He has over $200 MILLION in GME with a lot of calls, strike price $20 for June 21st. This will lead to a gamma squeeze and/or a short squeeze. Diamond hands everyone, this is just the beginning.
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The Only Way is Up : But it’s dropping now, why ?
Panic at the disco : Testing all the stop losses.
VibraniumHands OP The Only Way is Up : People taking profits and hedge funds market manipulating. Once RK exercises those calls, short sellers who are likely borrowing shares that are non-existent will be forced to find shares they do not have and buy back shares at a premium, in turn initiating the short squeeze. Not financial advice.
The Only Way is Up VibraniumHands OP : So the price will up right ?
VibraniumHands OP The Only Way is Up : Highly likely. RK bought calls for $20. This likely means that he believes GME to be incredibly undervalued at that price.