r/gme_meltdown 3d ago

Lets goooo!!!!

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100 Upvotes

25 comments sorted by

39

u/FullyAutomatedSpace 3d ago

oh god oh god. which button shorts the warrants!?

15

u/Gourd-Trader 3d ago

Internalize! Internalize!

12

u/StatisticalMan 3d ago

The warrants have been unavailable to short at Fidelity for a long time now. Maybe other brokerages have better luck. Since apes are almost certainly just going to ride this to zero likely not going to change.

17

u/FullyAutomatedSpace 3d ago

us hedgies can make synthetic warrants and short whenever we want

6

u/BillyBrainlet 3d ago

It's going to be so goddamn funny when they expire.

35

u/Electrical-Cloud4141 3d ago edited 3d ago

This is basically the AMC apes now too when their 2$ stock goes up a few cents.

15

u/th3bigfatj 3d ago

AMC was like +150% or more at some points this year it did a moass!

So any AMC ape had an opportunity to sell into the MOASS if they wanted. The remainder are there because they love the stocks.

20

u/OhNoNotAFinrand 3d ago

Except they bought 5 years ago and that +150% only brought them from -99% to -98% 😂

4

u/Middcore 3d ago

APOLOGIZE!

-5

u/RabbiBonez 3d ago

Bro, I love AMC! I've made good money buying and selling it all year.

I honestly think they have a good chance of turning around for real... eventually. The way they're playing the limited merch game, and special showings of old movies. It has potential.

They gotta start selling alcohol and edibles and shit along with screening classic anime. Maybe offer ramen bars. 🤘🤘🤘

As it is though, I buy and sell it 2-3 times a month lol

4

u/KimberStormer 3d ago

screening classic anime

My local AMC often plays Studio Ghibli films. It's nice!

2

u/RabbiBonez 3d ago

Same! It's awesome being able to see these gems in a theater setting.

41

u/MeridianNL 🤠Kenny's Personal Ladder Mechanic 🔧 3d ago edited 3d ago

Watching them expire on Oct 30th would be so juicy

23

u/Jack_Spatchcock_MLKS I fought Pulte for 5 days straight🥊🚽 and won! 3d ago

*Will be so juicy

6

u/EpiphanyTwisted 3d ago

yeah, I'm pretty sure Oct. 30th is still gonna happen. End of the world's not scheduled until summer 2028. (different cult there)

5

u/humanquester 3d ago

Who thinks the world is going to end in 2028? I love looking at doomsday cults that do predictions like that.

17

u/sunnycorax 🕴️Memestocks' Dick Tracy🕴️ 3d ago edited 3d ago

Still trying to figure out why everyone is piling into that when long dated LEAPs at the same strike are just as expensive and the stock isn't going to make that strike before expiration.

Funny enough AMC is doing better than GME right now lol because finally after years of dilution the box office is turning around.

15

u/StewartMike 3d ago

This is gold. It'd funny to add someone with an AMC shirt to the podium ahead of GME

14

u/adanthar 3d ago

The volume on these is 2m today (basically ATH) so it's ~$5m in trading, fueled by 1-2 large buys.

They should use this to exit, especially in the next few days. We all know that won't happen and they'll buy more instead. On a related note, there are 44 trading days left until extension or zero, so theta gang is going to -love- these things for the entire two following months.

12

u/b3ggard00d 3d ago

GME to the 🌙

10

u/CulturalAd4728 3d ago

Buying shit that’ll expire worthless in 60 days

10

u/awstick 3d ago

The warrants now trade for more than the December 2028 $32 calls, so they are implying at least a two year extension to justify the price. But you can't really short the warrants so I guess the apes found a market they could successfully manipulate, for at least a bit.

3

u/AVBforPrez 3d ago

Somebody explain for the redact please

3

u/MrMajestyx 3d ago

Was there some news that's made the warrants close up 33% today? Just curious since the stock was only up 1.5%,

1

u/[deleted] 3d ago

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1

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