GAMESTOP: When Will The Game Stop (+97%)
Not hope, but pure gut calculation.
The game stops right here for us.
Upbeat earnings did mean downbeat price.
Butterfly spirits at twenty bucks flew us closer to bliss.
1. Recap Situation
We showered the Fed, regional banks, and the entire financial regulatory system with sympathy for their inability to deal with the most complex financial instrument, cash.
We also expressed affection for Racket Ryan, Cohen the Barbarian, the Ruler of Retail, and his courage and investment genius. Is he behind the recent sharp sell-off that we bet on? Unthinkable.
Our expected value on equity for this episode of fun and enjoyment was 53%; we turned it into an actual return on equity of 97% in five weeks.
Check out the original BrainDozer article below.
2. Why Now
The option contracts mature in 18 days. We do not want to risk further short-term price squeezes or a continuation of the sharp price drop, as it becomes increasingly challenging to repair trades as contract maturity approaches. Perfect timing, perfect zone.
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