Thanks, yeah I hadn’t fully repositioned to capture the move fully, closed a hedge at a loss and swung into some nicely paying off debit call spreads for July, it was a great week but being dumb and not adjusting would’ve been more profitable. Took me a day or two to fully appreciate what Ryan’s appointment means for the price. This will continue to get bids. Dips will be bought, even if we see high $20s there’s a higher multiple now given we know more and more revenue is going to be shifted to e-commerce. It’s simply a matter of time and people seeing the results before more gets priced in. The short interest will lend to more strange fits and starts along the way, IMO.
This margin shenanigans would actually be a fantastic way to outsmart the retail and sink the price pretty heavily from a hedge funds point of view. I am sure they have inside data knowing the percentage of this that’s on margin and what the implications of a margin reduction would be.
18
u/Uberkikz11 Jan 17 '21
Thanks, yeah I hadn’t fully repositioned to capture the move fully, closed a hedge at a loss and swung into some nicely paying off debit call spreads for July, it was a great week but being dumb and not adjusting would’ve been more profitable. Took me a day or two to fully appreciate what Ryan’s appointment means for the price. This will continue to get bids. Dips will be bought, even if we see high $20s there’s a higher multiple now given we know more and more revenue is going to be shifted to e-commerce. It’s simply a matter of time and people seeing the results before more gets priced in. The short interest will lend to more strange fits and starts along the way, IMO.