iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,873 Blog Posts

SIGNIFICANT SHORT SQUEEZE PROPELS FLY TO ANOTHER RECORD HIGH

GME is up another 40% to $89, absolutely poleaxing all the shorts. They’re all dead.

I stand before all of you a most victorious man. I was supremely positioned into high beta short squeezes, all 5% positions, and liquidated it all this morning up 9.8%.

MTD I’m up 52%. See pal, that’s who I am and you’re nothing. You like to trade stocks? Fuck you, go home and play with your kids.

So now I’m 100% cash in my trading, but still long in my quant and long term accounts — both up a pedestrian 100bps. When I feel like it, I’ll likely dive back in to redouble my efforts and double my gains.

My biggest winners were BB +41%, AMC +30%, YI +27%, GSX +19% and it goes on and on in a nauseating whir of decadence. I am not comfortable with so much success derived so easily. Nevertheless, I’ll accept it and thank the stock Gods for their gracious gifts.

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7 comments

  1. heckler

    I have seen mathematical targets for GME up to $800 – this is based on the fact that our genius masters of the universe overlords sold more short interest THAN THE ENTIRE GME FLOAT CAN COVER!

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  2. traderconfessions

    50% is good?

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  3. emersonlakepalmer

    In the immortal words of cock philosopher Richard Weiner: “when I twang my wang, it peaks then leaks”

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  4. indexjoe

    What do you think of $KO here?

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    • emersonlakepalmer

      Nice dividend, good for conservative accounts. Better than a CD but not much more exciting.

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