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re: Someone explain this Game Stop deal.
Posted on 1/27/21 at 3:07 pm to Diseasefreeforall
Posted on 1/27/21 at 3:07 pm to Diseasefreeforall
quote:
Hedge funds and investment banks have played this game for years and the game is up.
The game is not up. The shorts look for businesses that are going out of business. There are a lot of them and will always be a lot of them.
1
Posted on 1/27/21 at 3:27 pm to GumboPot
The point is that they far over leveraged themselves by shorting more stock than there was stock.
I think Timberland will be one of the next targets because it is shorted like 900%, or 9x more than issued stock.
I think Timberland will be one of the next targets because it is shorted like 900%, or 9x more than issued stock.
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