Realistically, how do you see the $GME situation playing out?
Feb 1, 2021
33 Comments
Let's say all my fellow ππ comrades out there end up holding 40 million $GME shares. If forced to pay something insane like $5,000/share to cover their shorts, this would result in a $200 billion payout to the people who held. While I'm very hopeful and in it til the end, I find this to be an unlikely ending, simply because the affected firms won't have this kind of cash. However, I really don't know what to expect since this is unprecedented, so I'd like to hear what the opinions out there are, away from the reddit mob mentality.
Note: Holding 18 shares @ $269 (nice) avg. All of this is opinion and should not be taken as financial advice. I just like the stock.
TC: 150k
comments
https://iborrowdesk.com/report/GME
1. Covered
2. Short and hedged
3. (Most likely) bought shares from large institutional holders over the counter whoβd be more than willing to sell that hot garbage. Everyone still thinks the big trades happen on the exchanges with wsb obsessing over the low volume