Quote:
Originally Posted by tbwinner
What's bad is the people that took flyers on OTM GME Options and were up huge. Some in the millions....now they are down to the thousands (back where they started)
What's worse is the ones that bought at $350 AND took loans out to do so. There was one guy who posted he borrowed 30K from his dental school line of credit...so F**KING STUPID
BUT ITS GOING TO 5K AND WE LIKE THE STOCK!
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it taught me something as well. you have to be more than careful of what you go short with.
the option premiums were absorb. you could have sold naked calls on GME, but you needed DEEP DEEP pockets and a big set of balls.
i personally have been long 2 stocks way before the Wall Street Bets boys have stepped in.. one of them as much as 10 years ahead that i have been Mr. Wrong on, MUX. during the surge it went from .92 to 1.60 and back to $1.18 so far. but i am holding waiting for my day. the other one was AIM that i got into over a month ago that shot up yesterday.. i am still holding both. on MUX i probably wouldn't sell it if it got to $10, the other one i have no clue yet.
