GameStop now trades at a ~3x price to next twelve month forecasted sales...
Remember when Melvin Capital didn’t close out their winning short when the P/S was <0.05x?
#NeverForget
@RodAlzmann
Our turn to be greedy. You still planning on buying shares for your self bday present? Or was the gameplan to assign your sold puts if it dropped to your favorable price range?
@RodAlzmann
It seems that shorts have continued to cover during the second part of February. According to Ortex the official SI as of 02/26 was down to 14.2m shares, on 12/31 it was 71.2m shares. Significantly less pressure on shorts now, so we must trade carefully.
@RodAlzmann
As a early adopter of the stonk (and I’m kinda salty I’m missing out on the second pump) I really don’t think this is the “squeeze”, I think what we are currently seeing is retail hype but this jump guaranteed $70 as the floor and anything below that is a blessing.
@RodAlzmann
Melvin never intended on closing out that short. They were planning to ride into to bankruptcy. The question is why were they so certain? More so than just a macro call. They were not uncertain.