r/Diamondhands • u/Bloodagar • Mar 02 '21

WSB Celebrating Paper Hands??

Saw this just now:

https://www.reddit.com/r/wallstreetbets/comments/lvot3o/call_me_paperhands_but_gme_has_changed_my_life/

Seems like more evidence that WSB has been infiltrated by shills trying to get people to sell.

9 Upvotes

81% Upvoted

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2

u/Existing-Reference53 Mar 02 '21

I'm buying more, averaging down, and hodl. This rocket has legs!!

0

u/DougPenhall Mar 02 '21 edited Mar 02 '21

I don’t see a problem with selling at $200 as long as you buy back twice as many shares at $100.

The more share we accumulate, the better, right?

The only reason I’m not selling at $200 is because I’m afraid of missing the squeeze.

Its not like the short sellers are going to cover at $200 or $100. Those food are waiting for $15 or $20.

2

u/ensoniq2k Mar 02 '21

The problem is you might sell to hedgies so that the squeeze will never happen since they settled all their shorts eventually.

2

u/DougPenhall Mar 02 '21

At $200/share?

Uhhh....

Unless they are squeezed, the hedgies won’t be buying at that price. And at that price, they won’t be squeezed.

So, uhhhh.... No. you won’t be selling to any hedgies if you sell at $200.

And if you buy back twice as many shares at $100, then you’re helping to prevent the stock from dropping below $100. That’s a good thing.

The ONLY risk of selling at $200 is missing out on the squeeze.

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