RE:RE:Warrant countdown RESTARTS if price closes less than $ 3.00The current selloff was due to 2 types of investors:
(a) Those whom are LONGS and hold warrants. Per short data, 15 million out of 33 million possible shares were shorted by these longs. They wanted to lock in some profits and cover with their warrant. They see the warrant as being converted and, they judged that price will not go over $ 5 per share before this coversion. Will they be correct or have they short changed themselves, time will tell.
(b) Then you have those like yourself, who buy a quantity of shares, flip them to lock in some profits and, then ride the rest as house money.
I want to address the illusion of HOUSE MONEY. As far as I can tell the 50,000 shares of house money you call it is in your bank account and not mines. It means you have access to about $ 165,000 at this moment.
This is not free money, it is YOUR MONEY. This type of money does not carry a label on it called WORTHLESS and cannot be used and therefore can afford to be lost.
It is YOUR MONEY, whether it comes from profit, working, inheritance, loans or other. It carries the same weight as any other type of money.
You therefore do not have HOUSE MONEY, you have your money which you are risking in RECO and, if you lose it, it hurts as this money was yours.
Therefore this illusion of pretending that there is no risk to you is just a saying people do to feel better.
As you probably know there is a poster in Reddit that has made some $ 40 million on his $ 750,000 initial investment in GME. Would you say that if lost $ 39,250,000 it would not bother him because it was house money so he could afford to lose it? Would that not be INSANITY trying to find a reason for its loss.
You did well on your trade, but stop bragging about it being house money, it is YOUR MONEY which you are risking like the rest of us.
MPO