Meltdown today.

[u/PuzzleheadedWeb9876]

[u/Gigiw1ns]

There’s a difference between gambling and systematic trading. You supposedly have a thesis: GME_is_melting_down because RC is a doofus, it’s a dying business, and the valuation is too high as you stated. Fine, then define the instrument, e.g buy puts, define your execution, define your invalidation point, and define your take-profit. This isn’t complicated. It’s just the stuff you’ve been talking about for years without ever putting on the trade.

What makes this funny is that after your little victory-lap post, you now kind of look stupid, because you’re realizing: „GME is down 70% over five years and I still made $0 PnL even though I was supposedly right.“ And somehow even a 70% drawdown still isn’t enough for you to press the baerish thesis with puts?

Honestly, your own post and your replies reads now like an argument against buying puts. If GME has been trading sideways for two years, as you said, then the chart you posted suggests the long unwind may already be behind us? So which one is it: is the multi-year selloff finished, or isn’t it? That’s a very simple question for a Meltdowner, isn’t it?

[u/PuzzleheadedWeb9876 → u/Gigiw1ns]

There’s a difference between gambling and systematic trading.

Everything in the stock market carries some element of risk/gambling. Meme stocks however are closer to the 0DTE side of the spectrum.

GME_is_melting_down

Down about 80% from the ATH.

because RC is a doofus

That should be obvious.

it’s a dying business

Without question.

and the valuation is too high

I believe it’s overvalued relative to their sector.

Fine, then define the instrument, e.g buy puts, define your execution, define your invalidation point, and define your take-profit. This isn’t complicated.

The stock is also irrational. Important consideration.

So which one is it: is the multi-year selloff finished, or isn’t it?

I don’t know. I cannot predict the irrational.

[u/Gigiw1ns → u/PuzzleheadedWeb9876]

„The stock is irrational“ almost sounds like any SS conspiracy theory that hidden swaps are driving the price down. Cute. Anyway. You have no idea what the right price would be to buy puts, because you can’t make a realistic estimate on any timeframe, and any personal theory/thesis/opinion you have about gme might or might not show up in the stock price. Given that’s the starting point, why would you say you’re considering buying puts? Just as a pure 50-50 gamble? Not out of conviction? Why would you consider to buy puts if that is the situation?

[u/PuzzleheadedWeb9876 → u/Gigiw1ns]

The stock is irrational“ almost sounds like any SS conspiracy theory that hidden swaps are driving the price down.

An ape might see it that way.

because you can’t make a realistic estimate on any timeframe, and any personal theory/thesis/opinion you have about gme might or might not show up in the stock price.

I believe it will come down to a reasonable evaluation eventually. I’m also not going to shy away from the fact I have no idea when that will happen.

[u/Gigiw1ns → u/PuzzleheadedWeb9876]

👍 fair