Itβs 4:01pm. Bears solemnly log out of their devastated brokerage account, get up from their makeshift desk made up of a stack of empty Michelinaβs frozen lasagna dinners, head up the stairs of their fatherβs basement, grab the keys to their tan β97 Chevy Cavalier and a cloth mask embroidered with the word βVOTE,β and drive down the street to the local gay bar for a holiday themed burlesque show.
Itβs 4:01pm. Bears solemnly log out of their devastated brokerage account, get up from their makeshift desk made up of a stack of empty Michelinaβs frozen lasagna dinners, head up the stairs of their fatherβs basement, grab the keys to their tan β97 Chevy Cavalier and a cloth mask embroidered with the word βVOTE,β and drive down the street to the local gay bar for a holiday themed burlesque show.
Darth Bearish the Regarded
Did you ever hear the tragedy of "Darth Bearish the Regarded"?
I thought not. Itβs not a story any bull would tell you.
Itβs an ancient Bear legend.
Darth Bearish was a Dark Lord of the Bears, so well capitalized and so regarded he could use Leverage to influence gamma to create profits⦠He had such a knowledge of the dark side of Leverage that he could even keep other traders he cared about from being margin called.
But the dark side of Leverage is a pathway to many abilities some consider to be... unnatural. He became so bearish⦠the only thing he was afraid of was losing his positions, which eventually, of course, he did.
Unfortunately, he taught his apprentice everything he knew, then his apprentice reversed his positions in his sleep. Ironic. He could save others from bankruptcy, but not himself!
Did you ever hear the tragedy of "Darth Bearish the Regarded"?
I thought not. Itβs not a story any bull would tell you.
Itβs an ancient Bear legend.
Darth Bearish was a Dark Lord of the Bears, so well capitalized and so regarded he could use Leverage to influence gamma to create profits⦠He had such a knowledge of the dark side of Leverage that he could even keep other traders he cared about from being margin called.
But the dark side of Leverage is a pathway to many abilities some consider to be... unnatural. He became so bearish⦠the only thing he was afraid of was losing his positions, which eventually, of course, he did.
Unfortunately, he taught his apprentice everything he knew, then his apprentice reversed his positions in his sleep. Ironic. He could save others from bankruptcy, but not himself!
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
The Battle of Gamestop rages on.
The Battle of Gamestop rages on.
Pre-market we could hear the bears in no-manβs land, baiting us towards higher prices so the shorts could do their dirty work. I was stationed at the 13.80 line, and knew the morning was going to be hot. I shoveled a breakfast of tendies and said a quick prayer to Father Cohen.
When the bell rang, the bears surged into our trenches. Blood and rainbow fur filled the air and littered the ground. The Diamond Division has seen worse days, and we held firm. As the bears retreated we gave chase to retake ground weβd lost in the past week.
As I caught my breath near the 14.50, I could see bodies everywhere; paper hands who had fallen in earlier battles. One of them groaned and reached a hand towards me. I spat on him and kept moving. No honor in retreat, and no sympathy for self-inflicted wounds.
This war wonβt be won in a day, but it will be won. Tell my wifeβs boyfriend to tell her I love her.
The Battle of Gamestop rages on.
Pre-market we could hear the bears in no-manβs land, baiting us towards higher prices so the shorts could do their dirty work. I was stationed at the 13.80 line, and knew the morning was going to be hot. I shoveled a breakfast of tendies and said a quick prayer to Father Cohen.
When the bell rang, the bears surged into our trenches. Blood and rainbow fur filled the air and littered the ground. The Diamond Division has seen worse days, and we held firm. As the bears retreated we gave chase to retake ground weβd lost in the past week.
As I caught my breath near the 14.50, I could see bodies everywhere; paper hands who had fallen in earlier battles. One of them groaned and reached a hand towards me. I spat on him and kept moving. No honor in retreat, and no sympathy for self-inflicted wounds.
This war wonβt be won in a day, but it will be won. Tell my wifeβs boyfriend to tell her I love her.
I used to be a real ad