re: So I bought some Gamestop(GME)

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There’s 21 million bitcoins but only 5,509 $GME stores. Do the math $GME to the moon Rocket

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50% in GME retire before 50

Hedge Fund autist on the GME situation

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This issue remains extremely heavily shorted. Despite the squeeze that has already occurred, other "value" based investors have dived into short positions as the price has risen. The short positions of this issue appears (although I can't be certain) to exceed 100% with all available shares already lent out from marginal accounts and probably a lot of naked shorting going on as well. Although I don't yet have the current data on todays short position, I can say for certain the stock remains very heavily shorter, perhaps more so now than at any previous time. Today, I called my broker asking about the availability of shares to short and the borrow costs. We have one of the larger accounts at our brokers firm and I was able to speak directly to the "hard to borrow" desk. No borrowable shares are available at any broker, anywhere, at this time, even for high borrow costs or even from other brokers. This extreme short against a small common float, made more extreme no-doubt by naked shorting, could end very poorly for those short this issue. As they are forced to close out their positions, the stock will continue to rise and continue to exacerbate the positive effects the rising price has on the above 4 issues.

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trading army?
where have we heard that before? LOL



alright that’s enough out of me, good luck to all.
I’m positioned in BB so hopefully they come for it next

Is Perfect banned or did he just consolidate his alters?

it occurs to me that Mr perfect may not have been FOS after all...
there IS a trading army
the hedge funds ARE scared of it
they ARE forcing the hand of the market in the direction they want
they ARE making big dollars regardless of fundamentals

is it possible that we all made fun of him and now he’s a millionaire?

LOL

Absolutely right. Central banks and the banks tightest with them (JPM & GS) are killing it. Wall St. subsidies are powerful while they pet the sheep with 600 bucks. This is looting on an epic scale of ones that aren’t able to invest.

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I’m still unfamiliar with naked shorting though.

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Naked shorting means they didn’t borrow shares when they shorted

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And how does the market allow something like this to happen? Who is responsible for there being more short shares than outstanding shares?

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This part is unclear. It’s clear the market holds retail traders to much tighter restrictions than fund traders though. There are restrictions that prevent naked shorting to go long term, delivery requirements. If shorts fail to deliver shares to back up their short shares, they get put on a list. The issue is, nothing ever happens with that list. GameStop has had shorts on that list for over a month, with no signs of changes coming. The SEC doesn’t do anything to them bc they’re fund based

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Failure to deliver is critical when discussing naked short selling. When naked short selling occurs, an individual agrees to sell a stock that neither they nor their associated broker possess, and the individual has no way to substantiate their access to such shares. The average individual is incapable of doing this kind of trade, but an individual working as a proprietary trader for a trading firm and risking their own capital, may have the ability to carry out such an order. Though it would be considered illegal for them to do so, some such individuals or institutions may believe the company they short will go out of business, and thus in a naked short sale they may be able to make a profit with no accountability.

Subsequently, the pending failure to deliver creates what are called "phantom shares" in the marketplace, which may dilute the price of the underlying stock. In other words, the buyer on the other side of such trades may own shares, on paper, which do not actually exist.I

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it’s a big problem

I’ll pay somebody to go on r/wsb and make a long post on how GOGO is the next GME. I’ll write the post and email it to you

Feb 29 20c are 0.10 right now

This is amazing.

Don't think I have the balls, but there's clearly money to be made if you're not too greedy