That’s very different than what we are talking about. I don’t have an issue if he made money from the shorts. My issue is he needed other people to go long to make money. Those that went long and lost money is my issue.
I think of it this way. Everyone saw the price going up and had the same amount of time to assess and decide what to do. Buy, hold, or sell. KG seemed to really think the stock was a good buy and spent hours breaking down charts, forecast, and fundamentals. He was very transparent on what his position was.
I thought the same thing. Did he take a position before the post lol. Always look at that kind of thing with a raised eyebrow.
No different than any advisor, investment shop, or financial pundit on CNBC.
That's true too. I think plenty of insider trading and other shenanigans goes on. It's unfortunate for the Joe Retails like myself but I acknowledge and accept that's just the way things are and will still play this "game" and navigate it the best I can.
MCD just announced it's coming out with a $5 dollar meal with nuggets, burger, fries, drink to try to get back some of those value conscious consumers. It popped last week on that news. I suppose it depends on how well it works. I'm sure LLY, NVO are hoping it works haha.
MCD may be a buy now. As for SBUX, been reading that when SBUX sh!ts the bed, it is normally for multiple quarters before turning it around. SBUX (and MCD to a lesser extent) just pushed prices way too far.
MCD has very strong support in the low 250s area, was waiting to see if it would get that low but it hasn't yet.
That’s why I don’t listen to them. No one shares a money making idea. They share ideas to make money.
Sell sell sell. You’ll have a chance to buy it back cheaper. I just don’t see any reason for it to breakout. R2 is just too far away.
This was always my biggest issue with what was nothing more than a crowd-funded/sourced pump and dump scheme.
Roaring Kitty still fighting against those bastards! Maybe another hedge fund will fail?
Gives you a lot of confidence in this market
no shorting is an important part to the mkt but I think hedge funds have too much power and win by sheer volume and dollars entering the mkt in many many occasions. I also think Blackrock needs to be broken up
There is some speculation that Kitty's X account may have been hacked (i.e., not him posting). If true, GME is going back to $10 in a blink of an eye.
Why wouldn’t he confirmed it’s been hacked asap? GME better issue shares fast.
Many people are using utilities and infrastructure companies like GE Vernova as AI plays. No reason not to add copper into the mix.
I actually bought GME today (not a large amount) at ~$40. I then sold $55 call options expiring this week for $11 and bought $30 put options expiring this week for ~$1.75. Let’s see how this goes. I plan to get out by next week at the latest. If I get called out then I still will make 50% profit and have limited downside with the put option.
along that vein, Cramer saying cereal companies are overstocked. Big sales upcoming.
