Seeking Alpha
  • J Mintzmyer
    $GME is getting far ahead of themselves. I was huge long from $25 to $16 and back to lower $30s, but $50 is ridiculous! Short soon.
    8/1/13
    Reply (9)
    • TruffelPig: The fair value is like 25.
      8/1/13
    • J Mintzmyer: I had it pegged at $32, but we agree in theory here.
      8/2/13
    • TruffelPig: Yeah, definitely much lower than 50.
      8/12/13
    • J Mintzmyer: Trying to free up enough capital to short before earnings. I'm thinking of shorting and buying $49c for Sep 13 ($3.20) as insurance.
      8/12/13
    • J Mintzmyer: Puts me at a break-even of $46.20 with only exposure of 5.7%.
      8/12/13
    • J Mintzmyer: My brokerage has weird way of calc margin power. Technically with 1000 shares on that play, I should only require $2800 of 'buying power.'
      8/12/13
    • J Mintzmyer: Brokerage instead margins me on a % of the short and a % of the option purchase... Ridiculous.
      8/12/13
    • attunix: Kinda like Amazon in that by far the most pivotal quarter is the one covering the holiday season (Q1), so would short around then instead.
      8/21/13
    • attunix: Last quarter wasn't all that great (similar to same quarter last year), but stock has still soared since then.
      8/21/13
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