Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Options
Reddit takith/givith it away: RE American Airlines for the bull
godawgst
Member, Swaye's Wigwam Posts: 2,410
Last night talking with Ms. Bull about Gamestop and Reddit and told her two stocks in our portfolio they could move was Carnival and American, but the Saudis bailed Carnival out and the Gov't did the same with the Airlines so maybe don't want to bring that up to them in case they want to make a short run on them to screw the man.
Then I wake up this morning to see American Airlines at 29 !!!!! (bought around 15 back in late summer). Target was 25 in 3 years with understanding it would be a slog. See Bloomberg headline that Reddit has identified them as candidate to be their JV version of Gamestop and try to blow out the short sellers. If held plan would have been to sell half position at 6:30 am and 1 second on open and take the double.
But alas just like our Dawgs where we just can't seem to have nice things I watch it go 29-28-27-26-25-24-23-22-21-20 as David Tepper and the powers to be have put the clamps down on the trading of those Reddit stocks and people who bought Tuesday and yesterday are going to get the come to Jesus meal today of day trading or in their case gambling/greater fool theory.
Will be interesting if the Reddit warriors can mount a counter attack to the bubble being burst tomorrow or next week.
Then I wake up this morning to see American Airlines at 29 !!!!! (bought around 15 back in late summer). Target was 25 in 3 years with understanding it would be a slog. See Bloomberg headline that Reddit has identified them as candidate to be their JV version of Gamestop and try to blow out the short sellers. If held plan would have been to sell half position at 6:30 am and 1 second on open and take the double.
But alas just like our Dawgs where we just can't seem to have nice things I watch it go 29-28-27-26-25-24-23-22-21-20 as David Tepper and the powers to be have put the clamps down on the trading of those Reddit stocks and people who bought Tuesday and yesterday are going to get the come to Jesus meal today of day trading or in their case gambling/greater fool theory.
Will be interesting if the Reddit warriors can mount a counter attack to the bubble being burst tomorrow or next week.
Comments
Biggest short squeeze of all tim? SLV
https://www.zerohedge.com/markets/reddit-rebellion-about-descend-precious-metals-market