Entry, exit, short, options with extremely high implied volatility
I was going to play but this stock is so indecisive. I'm staying away. Good luck to all and sorry in advance to future bag holders. You'll learn this is why fundamentals matter.
I was going to play but this stock is so indecisive. I'm staying away. Good luck to all and sorry in advance to future bag holders. You'll learn this is why fundamentals matter.
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The company actually sucks minus the meme play and that's short-lived. Their revenue is down 20% YoY. Asset to liabilities ratio decreased and stock sale, so what with that cash on hand. Acquiring something and making it profitable is much harder than you think. Also liabilities would go up, with revenue trending downwards. None of this price action means a thing unless something fundamentally changes. This stock is rising marginally due to BBY earnings. The short interest is 1/7th where it was ...
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Reasons not to short sell:
• Unlimited downside (can go up infinitely)/limited upside (can only go down to 0)
• Potential to be margin called
• Variable margin rate
• Unlimited downside (can go up infinitely)/limited upside (can only go down to 0)
• Potential to be margin called
• Variable margin rate
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KamchiOP bright Mole_5714: It went up based on a tweet making folks reminisce, when the circumstances are totally different. You would be down money had that tweet not happened. Nothing has changed.
KamchiOP Spirited_Apricot: I look forward to you having to hold this for years, possibly never recovering your money.
KamchiOP bright Mole_5714: If I see you in a month I will say something. Let's see what happens, good luck (I honestly think you'll need it)
KamchiOP bright Mole_5714: Also I'd sell and take your profit if you're being sincere. Please do yourself a favor and do that
KamchiOP bright Mole_5714: I'm not shorting. I prefer options but it's not worth it due to the IV, in either direction. You will still lose money
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