@KeithGill - the CFO job is open and I’m sure you’re more qualified than the outgoing “resignation” who couldn’t raise a billion when the stock was way up to fund the transformation I’m sure you’re hoping for.
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Not letting a crisis go to waste, perhaps?
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The GME fiasco or the chairwoman?
The chairwoman -and others with her same agenda- won’t let the GME mess go to waste.
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Totally expected on-going political posturing. 4 weeks ago without any data, Omar et al resurfaced that same 0.1% tax on trades. Clearly that was not the response to the specific GME situation that was still evolving and could not have been investigated back then.
It’s just an excuse to push a socialist agenda (or at least be on record appearing to push for it) that was predating the GME events by quite a while. Stupid of me to think they’d let the propaganda opportunity pass or think they may genuinely try to look to improve the system.
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$50 to $200 again today on GME. Looks like the Kitty was right to double down at $50. Wonder if Maxine has another “even more offended” rant ready to go.
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Wow. WTF is going on? Another squeeze?
seems like it. although all the shorts who wanted out are probably out, so just a bunch of longs chasing it up “greater fool” style.
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I rolled my Friday expiration put at 40 to next week earlier in the day (before this runup). Implied volatility is insanely high.
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Dead cat bounce?
https://mobile.twitter.com/jimcramer/status/1364727092303302664
Cramer thinks the gubmint needs to fix stock stonk prices.
Make America Stonk Market Greet Agin!
I was arguing with someone about this earlier. They think the government should and might well halt the stock for an extended period just because it went up a lot on no obvious news and with no obvious manipulation. I definitely can’t get behind stuff like that, but apparently regulators and politicians are more included to do “something” to punish anyone participating in market moves.
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FTC could do that. That would halt both sides of the trade. Unlike the manipulation of demand side only.
But doing the actual regulatory action would not have been helpful to shorts or exposing broker failures (non deliveries).
Could it be that the apes just like the stock?
It’s really bad for option holders if the stock is halted across expiration, which is weekly for GME. If you have an OOTM put, but think it might gap down on the news since, you might have to manually exercise it. Worse, your expiring ITM put might be in the same situation and if you’re not already long the shares you want to put, your broker might disallow exercise that resulted in a short ( or require 1000% margin for the short which might come to the same thing, some brokers did/are doing this) costing you 100% loss for being right. Long calls could be auto exercised based on the last trade that was weeks old and leave retail investors not savvy enough to manually not-exercise it with their broker holding the bag.
Halts are Bad if there’s no material (mis)information that needs to be disclosed and long halts are terrible.
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could be worse, China jails shorts or
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he likes being on TV, does his own commercials etc.
I don’t have any skin in this game (not a trader) but I don’t see why the government needs to get involved at all. What happened to FREE markets? They’re only free for those with a broker license? Let this stuff play out. Some will get rich, some will lose their life savings. Who cares. Let them.
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What was Cramer talking about ? Not sure what happened on which day.
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Cramer seems a bit off his game in this stock. He was saying they should raise equity and do crypto or something. I mean, they should have sold stock at $250 or something but pivoting into crypto is just scammy at this point, not that lots of small Chinese stocks haven’t done it.
https://www.yahoo.com/now/gamestop-justify-valuation-turning-5-050915893.html