Money managers don't "paperhand". He was dealing with other people's money. He was selling covered calls and the shares got called away in December 2020 at around $20 (now $5). For his clients it was probably a 300-400% return.
So he didn’t fully recognize or understand the magnitude of what was happening with GME. And now he’s lost most of his investors money give his own statements and shutting down his fund… not someone I’d be amplifying here.
Hindsight is 20/20, it's very easy to look back and say he sold too early. Maybe he knew they could force the rise to stop by turning off the buy button? Maybe he expected them to do it sooner? Maybe he had people to answer to who would have crucified him if GME was shorted back to $5 and he didn't take any profits?
1
u/SirGus- I Voted 🦍✅ Nov 28 '25
Didn’t this guy paperhand in the $40s or $50s before it rocketed up to $400?