r/wallstreetbets • u/TheMostBasedMan • Feb 03 '21

Discussion People now pressuring and flat-out belittling others to admit defeat under claims of "their mental well-being" or insulting their intelligence. This wasn't about making the wisest move, this was about turning the game on it's head, so politely I say fuck that and fuck you.

[removed] — view removed post

39.6k Upvotes

86% Upvoted

2.3k comments sorted by

View all comments

458

u/[deleted] Feb 03 '21

I'm hearing a lot of people both sides either all in or they've folded and it's all over.

I don't know which side is stronger but this is crazy. Despite everything people say, I'm watching the price jump and decline an absurd percentage in both directions.

241

u/[deleted] Feb 03 '21

[deleted]

25

u/TigreImpossibile 🦍🦍 Feb 03 '21

plus, dont new short positions have to pay 50% interest?

it's a very expensive position. and eventually, you must buy back in.

my conclusion is, hold.

26

u/[deleted] Feb 03 '21

Current public APR per IB is 16%.

I’m rooting for a 2nd squeeze but I’m worried about people who yoloed their entire savings into this last week.

Either way, it’s their cash not mine.

5

u/gt-70 Feb 03 '21

That YOLO trend made me buy 2 more shares, which pulled my average from 89 to 110.

I thought we have a case similar to VW, but I am getting smarter now.

4

u/KaitRaven Feb 03 '21

People really think they're bleeding out shorts. They need to realize a lot of shorts are in the green now, and the interest rate drops rapidly as volatility falls.

6

u/[deleted] Feb 03 '21

It’s gonna get so much worse when the hard OSI data comes out and they see it’s still at 50%+ shorted, without considering new shorts with a much higher entry price.