egan1 : pt 0

egan1 : yea, I've tried educating people multiple times about why miners are structurally unprofitable.  every time these bitcoiners say yeah, but Bitcoin will be 100k by the end of the year. not realizing that even if Bitcoin is at 1m, miners still won't be profitable for a couple of different reasons, mainly depreciation and difficulty. bitcoiners are a lost cause if I could keep them from losing money here, they'd lose it somewhere else. so i just gave up and let them donate to my short position.

egan1 : i wouldn't trade either way on this, my man. Cult stocks are basically slot machines. you shouldn't short a slot machine bc it's impossible to say when the progression jackpot hits and you're on the hook for it. you also shouldn't go long a slot machine bc over the long term, you will lose.

egan1 Ultratech : if shorting gme constitutes a permabear what stock aren't you bullish on?

egan1 TeslaSmurf : yep it definitely flew straight into the ground since this comment.

egan1 OP Stock_Drift : not excited about it

egan1 OP alexliko : fuxk yea dude

egan1 : 150 is a joke

egan1 Eduardo Aguilar6 OP : last year, they lost $1B. they only got 63m in cash in the latest quarter. diluting shareholders fast.

egan1 OP Deejay78 : the short interest isn't high enough for a squeeze. Also, it would need to hit $45/share to trigger a margin call for me. my risk management is good here. i cover my entire position with Bitcoin, so im hedged against Bitcoin prices. the position is a fairly small part of my portfolio ~5%. I buy back shares pretty quickly if riot prices rise while selling Bitcoin, and I've been pretty consistently squeezing profit out of the trade since Riot was at 14. It's a volatile stock, so of course, im being careful.