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"When GameStop was going crazy, we were short it at 27. We were short it again. We covered for a loss. We short it again at, I don't know, 40 or something. I forget the number. And then short it again at 67. We took loss, loss, loss. Then we were long it above 67 and we wrote it to 480 or something like that."
Noel provides a retrospective look at their opportunistic trading during the GameStop frenzy. He describes how the team managed rapidly changing positions by shifting from short to long positions as the situation evolved. The commentary highlights the critical need for flexibility and the willingness to change strategy when mistakes are made, reinforcing that no position should be treated as permanent. This serves as an important lesson for managing risk amid extreme market volatility.
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