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It's a deadlock situation since funds aren't covering and people are holding onto their shares. There aren't enough shares available to go around since those mfkers shorted more than 100%. Clearing houses and brokers were at high risk yesterday that could have crashed the entire market. If feds restrict the market heavily like they did for regulatory and risk management purposes and a squeeze never happens, people are gonna be pissed and will take it to the streets because they changed the rules for the rich. If they bail them out, it's the taxpayer's money. So, how will they resolve this situation? #Gme #gmesqueeze #wallstreetbets ##personalfinance #investments
stop buying FUD of liquidation crisis crashing market. only approx 3% of market is hedge funds. if there is a proper liquidation crisis, how about we bail out all GME shareholders at 10k/ share? after all, in 08 we bailed out plenty of companies due to similar reasons. moreover, the IRS would get a way better ROI with this bailout since the common man can’t do sophisticated tax avoidance and will pay 37% in short term capital gains at max. how much do HFs and all these big corps pay? no where close to that.
Things are in a bit of a stalemate. I actually really thought everything would continue tanking after yesterday. So todays price movement really surprised me. Especially with the larger part of the market being red today...... My initial feeling was that we would see some epic crash from $300 to $15 or something. But I no longer think that will happen. I honestly think we could see the price stay where at is for a while. Why? The stock has literally gone viral, and turned into a meme in itself. GME is literally the most epic "meme stock" we have ever seen. I would equate people owning GME to Dogecoin or something.... Many of the retail investors holding the stock don't really care about the price that much. For example, I have 10 shares. I bought them for the lulz. It's not like I was expecting to FAT FIRE on a $1,500 investment. If this shit goes to zero I don't really care, doesn't change my life. I imagine there are many other people holding the stock in the exact situation as me. So where do we go? I imagine the volatility will decrease. And we will move slowly either higher or down. Either way, less explosive days.
Less explosive is unlikely. Hold is free but short has a price which is high right now.
dude the volatility has just begun to happen this explosively this week(and this is after market collusion and suppression)....we got a ways to go, especially with shorts only having covered 20%.
GameStop issuing new shares or letting more of its institutional investors sell will kill the game. There are also more options they can leverage. If you are in for financial purpose, reconsider. If you are in for faith, hold the line.
Can you explain why GameStop issuing more shares would be bad? Just trying to Understand
Because the hedge funds have shorted more than the total available shares (yes, this is possible). The only way is for the company to issue more shares in the name of "raising capital" in an exclusive deal with hedge funds. They get their shares at a discount, cover their positions, bail, and leave the retail traders hanging. Welcome to capitalism where only money matters.
I really think hedge funds may have covered a lot yesterday already!! Like took the loss and buy back tons of shares when Robinhood closed that shit
Why is the short interest still about 120%?
They may not directly cover. Instead they buy the available with other accounts. Can they do that?
To the moon
Lol @ anyone who thinks this $300 level is either sustainable or will last. It will be back down to $20 in a month.
People are saying like all shorts are initial shorts at $4 but what if they covered them all and the new shorts replaced them at much higher price. I am guessing the computers will keep covering and buying the shorts. In fact, I can’t imagine hedge firms did it without any insurance plan.
It has been taken into accounts. The short side must be different from who were there in the first day. As long as the short interest and short position number isn’t changed significantly, Whoever short it are bleeding. In any case, if you are in not for financial purposes, the best strategy is to hold the line.
Why do u think they r bleeding? If they purchased shorts this week, they have been profiting nicely with all the roller coaster rides with little interest pay.
The original shorts could have gotten out already, which they claim to have, but everyone calls BS. The large short interest currently may be made up of new shorts with higher strike price who are now betting against the bubble as opposed to the company. This doesn't get floated in the WSB echo chamber but I do wonder if the squeeze has in fact already squoze.
My thought exactly
For longs holding is free, shorts have to pay interest. Wsb will win eventually 💎🙌🏽