Cody Loveland
3.5K posts

Cody Loveland
@LoveFabInc
Racer, car builder.
Las Vegas, NV Katılım Haziran 2011
801 Takip Edilen552 Takipçiler

@naiveanalyst7 The only 2 things that refute this VERY possible explanation are the delayed shareholder vote SEC docs and the fact that the accuracy of these types of articles from WSJ are actually pretty high.
But I'm ready to be hurt again. Signed, GME Masochist...
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Cody Loveland retweetledi

@GLH590 @TheUltimator5 See you in 2032. Wait dont the bonds do something then? Hahs
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@gavinmayreal Probably Burry buying with his massive Substack earnings...
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Since 2021 I have watched the Reddit communities, SuperStonk and GME, villainize everybody that doesn't share their viewpoints on the stock.
For those that remember my early videos, I told people very often that I am agnostic toward any particular strategy. I tried to listen as much as I could to the options community. From them I learned (slowly if at all) about things like CNS (Continuous Net Settlement) and ETF Creation and Redemption.
I was always willing to listen to all sides. Even the bears. Especially the bears, maybe.
I'm sure Redditors will invent some logic as to how they haven't banned and villainize everybody they have. They will have some great rationale for how each of those guilty committed some egregious eternal sin. That is how this always works. Cults always do this. But I've watched as for five years, the narrative has cemented, the cult has created its absolutist dogma. And everybody daring to make good decisions for themself is treated badly.
Imagine somebody holding a stock with you for years and finally saying, Guys I can't do it anymore, I have to sell. I have bills and responsibilities. And you know the replies you'll find in that thread. And a lot of them are real replies. No, they aren't shills and bots. These are real people that are hurtful and unempathetic. Selfish.
Along the way I started to say something like, I hope everybody does well on this trade, even the shorts.
Because that's how I honestly feel. I'm not being sarcastic, silly, or absurdist. Behind every trade is a person with a life and family, responsibilities. They just have a different opinion on the stock than me and are willing to put their capital to work in different ways.
I am not adversarial to any of them at all, not even the Market Makers that some people love to villainize.
Meanwhile, there are people who hate me. People who want bad things to happen to me.
I'm not crying about it.
I'm saying those people are misguided.
Incredibly so.
I don't care that they hate me, I love them and I worry about them because they are having such a hard time producing a good outcome for themself that they are to the point where they wish others have a bad outcome.
1. Your holding doesn't make my strategy posible.
GameStop has had high IV since long before the events of 2021.
2. This is not a zero sum game.
I'm not taking money from you or even call option buyers, but from the market maker. Because there is no forced call buying. But a market maker must sell to meet demand.
3. Getting assigned on calls is not bad.
As long as you are happy with the sell price, which I always make sure I am. So if you hope I get assigned on my calls, just know that I wish for the same thing. Because being on cash for the next dip is a pretty great feeling.
4. My strategy helps the cause.
I have gone from 13,000 shares to currently 70,000 by trading the stock. (I sold some recently.) That is a large bullish position on GameStop. The puts I sell, while usually pretty far out of the money, do add some pressure as well.
5. Limited bullishness is not bearishness.
I love the stock below $22. I don't over $25. For the moment. That can change. That doesn't make me a bear.
6. DRS was awesome.
Until it wasn't. I'm not saying to not DRS. But I was personally captivated with the idea that household could "lock the float." We (I do say we because I was DRSd) got to 25%. That was an incredible ride and an incredible time. I wanted to see 100% as much as anybody. To prove something wasn't right. But that did not happen. For whatever reason, it flatlined. It's still great if people want to do it and has benefits. But as I said then, do what is right for you. If you can't DRS or don't want to, I never pressured anybody or thought badly of anybody who couldn't or wouldn't.
7. Gherk was right. I was wrong.
In his DD "A River Runs Dry" he wrote that if the stock became too illiquid, GameStop would dilute so institutions could buy in. GameStop did and institutions did. GameStop sold more shares than I ever will.
If you ever in life find yourself wishing for bad outcomes for other people, you are wrong. You are wrong about your outlook and need to adjust course. And I rarely say things very strongly as people know. But on that I am convinced I am right.
I want the best outcomes for everybody.
I want people to make good decisions for them.
I don't know what those are.
People will never bully me into making bad decisions for me just because their decisions aren't working out for them. Instead I will continue to talk about my decisions and sharing my outcomes. My failures, learnings, and successes.
Because while I often have said something like, I don't really care what people do, that's not totally true. I very much want people to do things that result in them being successful and happy.
I am a teacher, after all.
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california is the butthole of america
Polymarket@Polymarket
BREAKING: California's one-time "billionaire wealth tax" all but officially confirmed to be on the ballot. 93% chance.
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@scruffycitytv @PSAcard There are four actually. And we have expanded more than 4x in five years
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@nicksortor They all literally ran away or said they had no idea about the bill.
(They are co authors)
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