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by paulpauper 1965 days ago
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.
2 comments

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?"

Even if the options are super-expensive in terms of IV, if something goes up 200% in a week, you will make a very nice return.
Nobody has believed the stronger forms for a long time. Well, except maybe a couple people with early EMH papers that they built their name on.