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GameStop. Again.

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

The fish that got away stories are so boring. The world of trading is full of them, of course. And – – honest – – honest injun!! – – I was looking at GME early on Wednesday and thinking to myself, “it seems to have stabilized above $40. Maybe I should buy a ton of it in my virtual account.” But I didn’t. I just moved on with my day. And then this happened:

Having fallen from $513 to $40, this sucker has quadrupled to $160. So although I regret my virtual account missing this opportunity, meh, at least I’m not short this crap. Looking at the IV Rank, you can see how we had collapsed until today came along, and then BLAMMO.

I thought the GameStop story was already spent. Apparently not. It’s fun to watch………at a safe distance.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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