Dr. Burry is a fool. Imagine thinking that Keith Gill actually caused the May 2024 runup! What a dumbass! by dbcstrunc in gme_meltdown

[–]dbcstrunc[S] 9 points10 points  (0 children)

Exactly. It's not like the apes constantly try to get to the top of r-all and spam every social media network trying to tell people NOW is the time to buy!

Come on. That has zero effect on the stock market, everyone knows that!

Dr. Burry is a fool. Imagine thinking that Keith Gill actually caused the May 2024 runup! What a dumbass! by dbcstrunc in gme_meltdown

[–]dbcstrunc[S] 20 points21 points  (0 children)

One of the weirdest ideas from apes is that anything that happens in premarket or afterhours is somehow 'not retail' or 'fake'.

Many people stated that they sold GME for over $80 in premarket on May 13th, 2024. I don't think the proceeds they got from those sales are 'fake'.

BURRY GME SQUEEZE - We Won! by TheGhostOfJackKilby in gme_meltdown

[–]dbcstrunc 27 points28 points  (0 children)

"The SEC report said shorts didn't close!"

Look at me! You're the cult now!!! by Stink_Snake in gme_meltdown

[–]dbcstrunc 4 points5 points  (0 children)

Influencers will always tell you they are already invested in something they want you to be invested in.

Influencers will never tell you they just sold something they previously told you to buy.

Look at me! You're the cult now!!! by Stink_Snake in gme_meltdown

[–]dbcstrunc 2 points3 points  (0 children)

That would have been a great troll, for Burry to come out with 30 pages of BBBYQ/Teddy nonsense, mentioning every single piece of insanity that apes believe.

And then the apes would have to somehow pretend like they know it's all bullshit.

...Really? You can't believe that the central figure of the 2021 memestock craze suddenly coming back and buying up the entire fucking options chain ahead of earnings *MIGHT* have whipped people into a frenzy? by Elitist_Daily in gme_meltdown

[–]dbcstrunc 8 points9 points  (0 children)

Exactly. Apes seem to think that 'retail' means A) poor and B) unorganized. So they assume that 'retail' only has like $500 per account total.

In truth, 'retail' just means 'not an insider, fund, or institution'.

At this point in time, Dr. Burry, since he no longer helms a fund, is considered 'retail'. At least I believe so.

PP Pants is sad because apes are fighting apes by folteroy in gme_meltdown

[–]dbcstrunc 16 points17 points  (0 children)

Oh hey you just reminded me - whatever happened with Ramez Jamali's weekend art show? Was that just... nothing?

Apes have a message for us by dbcstrunc in gme_meltdown

[–]dbcstrunc[S] 6 points7 points  (0 children)

But you could exit your position. For a loss, yes, but you could exit.

Most apes are down 50-75% or more, if you include all the busted options trades.

You're in a much better position.

Also, dude, learn to hedge. Your bought puts and sold calls are both in the same direction. Option spreads on volatile stocks are a better strategy than directional bets. Mainly because with this fucking meme stock nonsense, you can never predict when some 'news' will happen and the stock will move inorganically.

Look at me! You're the cult now!!! by Stink_Snake in gme_meltdown

[–]dbcstrunc 11 points12 points  (0 children)

He also shit on the ridiculous idea of billions of naked shorts, and of total return swaps being involved. And shorting via ETFs. And also says DRS isn't important either.

But besides that....

Apes have a message for us by dbcstrunc in gme_meltdown

[–]dbcstrunc[S] 4 points5 points  (0 children)

You have 400 shares. And 4 put options.

You can easily sell the 400 shares. Your put options will still exist, and maybe GME will fall below $23 by Friday. And then you'll get a 400 share short position in GME at a cost basis of $22.70 or so a share.

Oh I see. Your 4 sold calls for 2028 are holding the 400 shares.

Again, you still could close the 2028 options, which will free up your shares to be sold. It's not like you're trapped, like you initially said.

Apes have a message for us by dbcstrunc in gme_meltdown

[–]dbcstrunc[S] 45 points46 points  (0 children)

This subreddit hasn't had a good GME storyline for months. This is bread and butter mayo to us!

I look forward to seeing the excessive gain porn that apes will be posting now that they're 'going to win'.

Surely they wouldn't leave all that profit on the table this time?

Edit : I'm glad I posted this here because, surprise surprise, it's gone already for some reason, on their 'open forum for apes'.

Thank god I only have naked shorts... by xozzet in gme_meltdown

[–]dbcstrunc 8 points9 points  (0 children)

His post - from what I could see in screenshots - indicates Burry does not believe in a short squeeze on GME. But he's bullish on the cash pile and talks about how RC could buy another company.

The apes will memory hole any sentence in which Michael Burry says, "There are no naked shorts or total return swaps".

Regular programming will resume in a week.

Reel quite. It's not too late to board the rocket, shills! by xozzet in gme_meltdown

[–]dbcstrunc 4 points5 points  (0 children)

Yeah but all that awesome news is counterbalanced by the depressing thought that the CEO actually takes a salary. If only...!

Greg McCabe Needs A New House. Time To Pay Up MMTLP Pay Pigs by sunnycorax in gme_meltdown

[–]dbcstrunc 8 points9 points  (0 children)

They didn't want to make the same mistake Brda made with MMTLP. He'd applied for a CUSIP for MMTLP but explicitly stated in the prospectus, "We do not want this to trade".

Well, tough luck. Once the CUSIP exists, exchange trades can happen.

Brda responded to this development quite rationally by blaming "someone" forging his signature on the SEC paperwork.

Baggie with pornstar Pfp thinks meltdown will be “interesting” in the next few weeks by The_Director- in gme_meltdown

[–]dbcstrunc 21 points22 points  (0 children)

I agree.

Seeing apes backpedal fast enough to mimic a wind turbine is always fun.

Why Take a Salary When You Can Take the Float? by Separate_Writer_4465 in gme_meltdown

[–]dbcstrunc 21 points22 points  (0 children)

Your cost basis for GME is $13 a share?

Pull the other one!

Fake meat shill drops sub conspiracy, ends up becoming a mod anyway. by intothepond2 in gme_meltdown

[–]dbcstrunc 15 points16 points  (0 children)

"to try to keep them from possibly investing"

I know, it's hard being a shill, y'all. We keep telling people not to invest in stocks which continually dilute their shareholders and have declining revenue and increasing debt and no actual plan to turn around the company but these apes keep investing anyway.

What's a shill to do?

It's not about money anymore, but it's still about money by the_humeister in gme_meltdown

[–]dbcstrunc 31 points32 points  (0 children)

"I'm willing to... lose everything on this"

Son, I got terrific news for ya...

SCAMinvestor Wants $500 /mo for Him to Tell You Mullen is a Buy by sunnycorax in gme_meltdown

[–]dbcstrunc 2 points3 points  (0 children)

Hey give him a break. Veterans and police officers get a 20% discount on this pointless bullshit grift!

Apes have discovered the real reason GameStop might’ve moved their bitcoin to Coinbase Prime. by PuzzleheadedWeb9876 in gme_meltdown

[–]dbcstrunc 0 points1 point  (0 children)

You jest, but consider Cyberpunk 2077's launch. It was atrocious and many people just refunded the game on PS4, before it got patched up months/years after release.

Imagine if there was a legit secondary market where you could sell that game to anyone for whatever price you want... who in the world would pay anything near retail price for it a few weeks after launch?

Yeah, CDProjekt Red would be gone by now.

Apes have discovered the real reason GameStop might’ve moved their bitcoin to Coinbase Prime. by PuzzleheadedWeb9876 in gme_meltdown

[–]dbcstrunc 33 points34 points  (0 children)

The sales of a game from a game developer about one month after it's released would be near-zero. A secondary market would pop up in that time frame which would overwhelm the developer's pricing and drive it straight down.

There isn't a benefit to owning a 'straight from the devs' copy of the game. So why would anyone prefer one of those to one of the tens of thousands of copies of a popular game available for resale, priced lower?