Pretty funny stuff here.
Read some of these threads:
https://old.reddit.com/r/wallstreetbets/
Pretty funny stuff here.
Read some of these threads:
https://old.reddit.com/r/wallstreetbets/
Thanks vacuum, I was following what happened to Gamestop (GME) yesterday, and this video is a good explanation on how exactly short selling works with these big institutions. It is indeed funny, how a bunch of kids online roasted them.
I read one article that the biggest institution caught up in this, got bailed out, and even is trying to short GME even more. The losses from short selling GME yesterday is apparently over $6 billion dollars. LOL.
life is good.
Looks like there are still some short selling going on with GME.. LOL
Share Statistics
Avg Vol (3 month) 3 21.54M
Avg Vol (10 day) 3 107.89M
Shares Outstanding 5 69.75M
Float 46.89M
% Held by Insiders 1 27.33%
% Held by Institutions 1 122.04%
Shares Short (Dec 31, 2020) 4 71.2M
Short Ratio (Dec 31, 2020) 4 5.78
Short % of Float (Dec 31, 2020) 4 260.91%
Short % of Shares Outstanding (Dec 31, 2020) 4 102.08%
Shares Short (prior month Nov 30, 2020) 4 67.98M
https://finance.yahoo.com/quote/GME/...atistics?p=GME
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Its not too late guys. The institutional investors ARE STILL SHORTING GAMESTOP!!! LOL
https://markets.businessinsider.com/...1-1-1030000080
I guess that's what you can do when the Federal Reserve is your personal bailout provider.
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Massive short squeeze going on right now with Gamestop. GME is up 55%. I read GME is the most shorted stock of all time in the stock market, over 200 years. This squeeze is a game changer, no pun intended, lol.
life is good.
An Anon on /biz/ organized it and made a $Billion.
https://archive.is/8SuTg
https://warosu.org/biz/thread/S26592336
https://i.warosu.org/data/biz/img/02...1689143692.png
TLDR
>lots of evil companies decide to short (hope for price to fall) gamestop. The value is 2X over 200% shorted. They hope for gamespot to go under so they can make profit.
>enter new CEO for gamespot
>enter WSB reddit and enthusiastic amateur stock traders
>they decide to buy shares
>Short traders now fucked as price goes higher and higher
>basically in order not to lose money short sellers need stock to drop, but people who bought shares keep pushing price higher and higher
>known as a short squeeze
>price to go as high as $500-1000
>(((they))) panic as they don't have funds to pay for this
vacuum (26th January 2021)
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
Melvin Capital, to file bankruptcy as soon as next week according to sources. The bailout they received yesterday from Citadel and Point72 went “poof” today as the GameStop $GMEmomentum continued.The fund was forced to liquidate its Alibaba ( $BABA ) position after hours.
https://twitter.com/WSBConsensus/sta...33408835219461
/biz/ is literally wiping out more Jews than the Holocaust.
>(((Steve Cohen)))
>(((Gabe Plotkin)))
>(((Ryan Cohen)))
>(((Andrew Left)))
>(((Melvin Capital)))
This could literally crash the entire stock market. No joke.
Hitch (26th January 2021)
Not sure if it could crash the market, or send it to the moon. Gamestop wasn't the only short squeeze happening on Monday. Just the biggest, and most profound one. One stock I own, shot up 38% on Monday. Some folks sold, but I didn't. It corrected a bit, then went up 10% again today. It's up 25% in two days. This, and the stock is fundamentally doing well with great dividends.
Short sellers are not doing well right now. Gamestop is incredible because it closed at $147 today, up 92%!!! Plus, it's set to open tomorrow morning at over $200! Any shorts on GME are toast. Melvin Capital may not last a week until bankruptcy, they may just go poof tomorrow.
This story is fascinating at what a large group of small investors, smart people, who come together to make something big happen. Go main street!
life is good.