$5 is the threshold for a penny stock.
There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
He has been buying those options since June of last year and was deep out of the money on them.
Basically he orchestrated the greatest pump and dump of the decade and lucked out that some hedge funds got greedier than him and shorted more shares than exist so he'll be able to squeeze them to max his profits.
$5 is the threshold for a penny stock. There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
Any idea what "options" would have allowed a guy to buy at 40 cents?
The instigator of this, u/deepfuckingvalue shows he bought at $GME @ $0.40.
This is what I am trying to understand.
https://www.reddit.com/r/wallstreetbets/comments/l2x7he/gme_yolo_update_jan_22_2021/
He has been buying those options since June of last year and was deep out of the money on them. Basically he orchestrated the greatest pump and dump of the decade and lucked out that some hedge funds got greedier than him and shorted more shares than exist so he'll be able to squeeze them to max his profits.
Try out this plugin called Privacy Redirect and the sites that scrape reddit like Libredd.it.
https://libredd.it/r/wallstreetbets