Because not only is it at $330 right now, holding onto it for a week when the hedge fund is legally required to buy it up later means you are fucking them over
I’m down with fucking the hedge fund, but in all probability this isn’t going to stay this high for much longer than it takes to force them to cover shorts.
So then you have to sell to keep your profits and pay short term gains or run the risk of holding the bag.
Seems like a dangerous way to make a few bucks is all I’m saying.
How is that a good buy unless you’re expressly trying to fuck the hedge funds and are willing to take a loss to do it?
Because not only is it at $330 right now, holding onto it for a week when the hedge fund is legally required to buy it up later means you are fucking them over
I’m down with fucking the hedge fund, but in all probability this isn’t going to stay this high for much longer than it takes to force them to cover shorts.
So then you have to sell to keep your profits and pay short term gains or run the risk of holding the bag.
Seems like a dangerous way to make a few bucks is all I’m saying.
It's only dangerous if you need the money. Ive spent cash on dumber things than screwing over a greedy hedge fund.