3318
No wonder they killed Wall Street Bets... they cost the criminals 14 B-I-L-L-I-O-N (media.patriots.win)
posted ago by Doochebag ago by Doochebag +3319 / -1
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– ProdigalPlaneswalker 66 points ago +67 / -1

They shorted a penny stock.

Low upside. Unlimited downside.

If the stock had gone to zero the most they could make was around $200 million (or $0.2 billion).

Let me write this out with the zeroes for better visibility.

Potential gain: $200,000,000

Today's Loss: $14,300,000,000

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▲ 6 ▼
– Texan1stAmerican2nd 6 points ago +6 / -0

Are these hedge fund guys used to dozens of billions or hundreds of billions? Or trillions even? Oh,please tell me they are used to just a few millions.

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▲ 9 ▼
– ProdigalPlaneswalker 9 points ago +9 / -0

The whole thing is so unbelievable, because the most the shorts could make was $4 per share if the price fell to zero.

If the price had stayed at $12 they would still lose double their potential maximum gain.

if the price had stayed at $44 they would lose ten times their potential maximum gain.

$284? Seventy times their potential maximum gain gets lost.

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