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Started By
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Can someone explain this Gamestop stuff to me like I’m a teenaged Maxine Waters?
Posted on 1/27/21 at 3:55 pm
Posted on 1/27/21 at 3:55 pm
WTF is going on?
21
Posted on 1/27/21 at 3:56 pm to Eli Goldfinger
Already a thread for it
Posted on 1/27/21 at 3:57 pm to Eli Goldfinger
i posted it in the other thread but, here you go:
you can short a stock where you "borrow" shares at a cost and if the stock loses money, you only have to pay back what was lost. if it gains, you have to make up the difference
i.e. i short 10 stocks at $100 and get $1k. if the stock is $90 at the end of when i say i'll pay you back, i only owe $900 back and i keep $100
if i short 10 stocks at $100 and then they're $200 at the end, i owe $2000 back.
hedgefunds shorted 1.7mm stock with at $30-$40 and now it's over $300. so they have to buy back at that inflated cost and it's going to cost billions to the hedge funds that shorted the stock.
you can short a stock where you "borrow" shares at a cost and if the stock loses money, you only have to pay back what was lost. if it gains, you have to make up the difference
i.e. i short 10 stocks at $100 and get $1k. if the stock is $90 at the end of when i say i'll pay you back, i only owe $900 back and i keep $100
if i short 10 stocks at $100 and then they're $200 at the end, i owe $2000 back.
hedgefunds shorted 1.7mm stock with at $30-$40 and now it's over $300. so they have to buy back at that inflated cost and it's going to cost billions to the hedge funds that shorted the stock.
This post was edited on 1/27/21 at 4:08 pm
Posted on 1/27/21 at 3:58 pm to Eli Goldfinger
quote:
like I’m a teenaged Maxine Waters
Scary thought.
Posted on 1/27/21 at 3:58 pm to Eli Goldfinger
Big hedge funds bet billions on shorting Gamestop, which means they win if it goes down, lose if it goes up.
Amateur investors on Reddit noticed how much the stock was being shorted, so they started a movement to buy up the shares, which caused the stock to skyrocket, making the amateurs a lot of money (and regular Gamestop shareholders and their ownership) and caused multiple hedge funds to lose billions, including some that had to be bailed out and may fold.
Elon Musk piled on, because one of the hedge funds shorted Tesla stock and he is salty about it.
Amateur investors on Reddit noticed how much the stock was being shorted, so they started a movement to buy up the shares, which caused the stock to skyrocket, making the amateurs a lot of money (and regular Gamestop shareholders and their ownership) and caused multiple hedge funds to lose billions, including some that had to be bailed out and may fold.
Elon Musk piled on, because one of the hedge funds shorted Tesla stock and he is salty about it.
Posted on 1/27/21 at 3:59 pm to Eli Goldfinger
it's regular folk, and now rich folk like elon, who are trying to screw wall street at their own game
Posted on 1/27/21 at 4:00 pm to 3nOut
guarantee you the SEC steps in and rules that they don't have to pay in back. It is ok for them to frick you but its not ok for you to frick back.
Posted on 1/27/21 at 4:00 pm to 3nOut
Sounds awesome
I understand what a short is.
I’m interested to know where Nazis come in.
I understand what a short is.
I’m interested to know where Nazis come in.
Posted on 1/27/21 at 4:00 pm to Eli Goldfinger
"wall street" shorted companies. do you know what a short is?
if so, then just know that Wallstreetbets, a subforum on REddit, conspired to buy the stocks and raise the price of the stock, which (1) took the available stocks to complete the short off the market, raising them and (2) fricked the shorts, generally, by increasing in value
if so, then just know that Wallstreetbets, a subforum on REddit, conspired to buy the stocks and raise the price of the stock, which (1) took the available stocks to complete the short off the market, raising them and (2) fricked the shorts, generally, by increasing in value
Posted on 1/27/21 at 4:00 pm to Eli Goldfinger
Apparently BlackBerry is also doing fricking phenomenal.
This can’t miss.
This can’t miss.
Posted on 1/27/21 at 4:01 pm to Eli Goldfinger
quote:
I’m interested to know where Nazis come in.
lots of jews run hedge funds.
hurting hedge funds hurts jews.
this was obviously solely done to hurt jews.
Posted on 1/27/21 at 4:01 pm to BamaScoop
quote:
guarantee you the SEC steps in and rules that they don't have to pay in back. It is ok for them to frick you but its not ok for you to frick back.
I wouldn’t be surprised.
Posted on 1/27/21 at 4:02 pm to Bjorn Cyborg
quote:
and caused multiple hedge funds to lose billions, including some that had to be bailed out and may fold.
This all happened in the course of like two days?
Posted on 1/27/21 at 4:02 pm to jlovel7
no the money board on here has had threads about them for a while
Posted on 1/27/21 at 4:05 pm to BamaScoop
It was brought up at the White House press briefing today. Specifically name GME, AMC, and Blockbuster.
Posted on 1/27/21 at 4:05 pm to SlowFlowPro
quote:
no the money board on here has had threads about them for a while
i read the one oklajr (whatever) started in December where he bought and just started laughing from there.
Posted on 1/27/21 at 4:06 pm to jlovel7
quote:
This all happened in the course of like two days?
it's been building on reddit for a few weeks, but the dam busted open today when one of the hedgefunds admitted their screwed.
Posted on 1/27/21 at 4:06 pm to 3nOut
quote:
hedgefunds shorted thousands of stock with at $30-$40 and now it's over $300
They shorted over 1.7M shares at below $40 per share
Posted on 1/27/21 at 4:06 pm to Eli Goldfinger
quote:She couldn't read when she was a teenager. You'll have to come up with something else, like explain to me as though I was a toddler.
like I’m a teenaged Maxine Waters?
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