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.

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Posted by UAinSOUTHAL

Mobile,AL

Member since Dec 2012

4843 posts

Posted on 1/27/21 at 3:31 pm to teke184

All I know is reddit user DeepfrickingValue turned 50K into $48Million

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Posted by thenza

Member since Sep 2013

826 posts

Posted on 1/27/21 at 4:23 pm to teke184

Stock symbol?
I’ll throw $10 at a random internet guy’s financial tip.
If I get rich I’ll sling some your way.

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Posted by chili pup

Member since Sep 2011

3179 posts

Posted on 1/27/21 at 4:57 pm to teke184

quote:
I think Timberland will be one of the next targets.

I wonder if Nokia will be as well?

quote:
Nokia’s stock soars toward a record gain on record volume, for no apparent reason Last Updated: Jan. 27, 2021 at 3:09 p.m. ET First Published: Jan. 27, 2021 at 2:11 p.m. ET

quote:
Shares of Nokia Corp. powered up in very volatile and active trading Wednesday, enough for the Finland-based networking company to comment on the activity. “Nokia is not aware of any material, undisclosed corporate developments or material change in its business or affairs that has not been publicly disclosed that would account for the recent increase in the market price or trading volume of its shares,” the company said in a statement. The stock NOK, +38.48% soared 42.5% in afternoon trading toward a five-year high. That would be the biggest one-day percentage gain since it started trading in February 1991.

quote:
Trading volume spiked up to 960.4 million shares, also a record, and well above the full-day average of about 47.3 million shares. Nokia’s stock had been halted five times for volatility through afternoon trading, and was also halted once for news before the company commented on the stock movement. Nokia’s stock was the second-most active on the New York Stock Exchange, behind only the 1.1 billion shares traded in AMC Entertainment Holding Inc.’s stock AMC, +301.21%. AMC has been part of a group of stocks, including GameStop Corp.’s GME, +134.84%, that have been skyrocketing as investors flocked to potential short-squeeze candidates.