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Here is a question: Why did they halt buying on stocks that had low short interest?
Posted on 1/28/21 at 12:44 pm
Posted on 1/28/21 at 12:44 pm
Nokia short interest is around 1.2% of float according to 12/31/2020 statistics.
Blackberry around 9%
Express at 13%
Kosmos Energy at 7%
Naked Brand at 13%
The others: GME, BBBY, and AMC were T4 in the market on short interest % of float.
Why lump the other 5 in with these if they were trying to protect Hedge Funds and their short positions? Just because?
Blackberry around 9%
Express at 13%
Kosmos Energy at 7%
Naked Brand at 13%
The others: GME, BBBY, and AMC were T4 in the market on short interest % of float.
Why lump the other 5 in with these if they were trying to protect Hedge Funds and their short positions? Just because?
This post was edited on 1/28/21 at 12:54 pm
2
Posted on 1/28/21 at 12:47 pm to LSUAlum2001
good point. They're trying to destroy the WSB community entirely to protect the hedge funds in the long run. This is about much more than GME
Posted on 1/28/21 at 12:49 pm to LSUAlum2001
Our friendly neighborhood boomers, Lou Pai and JDTiger, will be in here to tell you why shortly.
Posted on 1/28/21 at 12:56 pm to Ping Pong
I want to know what their reasoning behind this is. Its obvious its because they want to save hedge funds but what is their explanation to the public. They know we're not stupid
Posted on 1/28/21 at 12:59 pm to bamahata
another important question is when do they open trading up again
Posted on 1/28/21 at 1:02 pm to rocket31
To add larger positions against those stocks that were being pumped on WSB to offset what was going on in GME?
I don't know, trying to wrap my head around this with amatuer knowledge of long and short positions.
I don't know, trying to wrap my head around this with amatuer knowledge of long and short positions.
Posted on 1/28/21 at 1:02 pm to bamahata
The tea leaves having listened to both CNBC and FBN hosts talk today are leading me to believe RH will use a "as a conduit, we didn't want to be responsible for the volatility" angle. Almost all guests and hosts seem to have received that as a talking point.
It's bullshite but excuses and hiding under the skirts of big money usually is.
Posted on 1/28/21 at 1:02 pm to bamahata
They are saying"is to protect users from unprecedented volatility "
Should we not be allowed to choose what volatility we want? I mean they allow you to sell uncovered calls and puts. How is this riskier than that? At least we are betting with money we have in the app. This makes no sense and is only to cover Citadel.
Should we not be allowed to choose what volatility we want? I mean they allow you to sell uncovered calls and puts. How is this riskier than that? At least we are betting with money we have in the app. This makes no sense and is only to cover Citadel.
Posted on 1/28/21 at 1:24 pm to Napoleon
Thats the risk of the market. You put in money knowing you can possibly lose it. Like RH actually cares if people lose money in the stock market. Weak excuse
Posted on 1/28/21 at 1:28 pm to bamahata
quote:
I want to know what their reasoning behind this is. Its obvious its because they want to save hedge funds but what is their explanation to the public. They know we're not stupid
Listen closely,
They
Don't
Care
They will do what they want to protect themselves until something is done about it. So far, no one has done a single damn thing about what was done this morning. So far no one has done a single thing about the Keystone pipeline being shut down. So far no none has done a single thing about the election irregularities.
So far not a single American citizen has done a single thing other than bitch and moan.
Posted on 1/28/21 at 1:45 pm to shawnlsu
quote:
So far not a single American citizen has done a single thing other than bitch and moan.
You are right but I believe this is a different case. Key stone pipeline and the election is not directly taking money out of peoples pockets like RH is. This isn't something people are going to forget once a bigger news story comes to light
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