Check all his recents posts, then you can fact-check that statement and see that he has liquidated and earned some cash, and is simultaneously holding on to some significant stocks. Both things are true.
About $13.8 million he’s got out of the stock to be exact, if reports elsewhere in the thread are correct. This shows how ability to influence large numbers of people can convert to money, and the closer you are to the root the bigger slice of the cake you get.
How much does a successful youtuber/internet personality make? It seems like he might have even some economic incentive not to jump ship and risk losing social cache
it will keep going up. Good for him. This calls into doubt the stronger forms of EMH given how many people have made so much money with what is effectively a momentum play. I would not be surprised if he becomes a billionaire soon with other investments and GME.
He'd have to find some other very cheap stock with very cheap far out of the money calls with a high potential for rising 11000% in a year.
I'm taking suggestions.
I don't know if there is anything cheap available on the options market these days.
I don't think GME is going to stay at this price for very long, but on the other hand the retails trader are only ~25% of the volume (Matt Levine's latest column) and on balance selling, so I think the stock price is driven by big players, and "what do they know that I don't?"
kzrdude|5 years ago
strogonoff|5 years ago
jberryman|5 years ago
xur17|5 years ago
kzrdude|5 years ago
paulpauper|5 years ago
tedunangst|5 years ago
scruple|5 years ago
paulpauper|5 years ago
throwaway-571|5 years ago
I'm taking suggestions.
I don't know if there is anything cheap available on the options market these days.
I don't think GME is going to stay at this price for very long, but on the other hand the retails trader are only ~25% of the volume (Matt Levine's latest column) and on balance selling, so I think the stock price is driven by big players, and "what do they know that I don't?"
pottertheotter|5 years ago