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re: Can someone explain this Gamestop stuff to me like I’m a teenaged Maxine Waters?

Posted on 1/27/21 at 8:09 pm to
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
80916 posts
Posted on 1/27/21 at 8:09 pm to
quote:

Sounds awesome

I understand what a short is.
I’m interested to know where Nazis come in.


Global corporations own the media.

The rich and powerful hate it when little guys punch up.

Anyone the establishment doesn't like is Hitler.
Posted by dgnx6
Member since Feb 2006
89816 posts
Posted on 1/27/21 at 8:10 pm to
quote:

Why does it matter if you have to pay 900 and not 1,000. It’s still expensive


That's just an example, these guys put in like 68 million or something hoping gamestop goes under because the brick and mortar model. Any downturn and they are making millions back.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
28668 posts
Posted on 1/27/21 at 8:10 pm to
quote:

How do amateur investors know or notice how much a stock is being shorted? I assume you have to be really dialed into the situation to know who it is and how much they’re shorting it?

This wasn’t some amateur ppl with no experience that pulled this off right?


You can look up the short interest on stocks

The short interest on GME this morning was around 142% according to Bloomberg.

ETA: that is the short interest to the outstanding float of shares.

The float is stock that is actively in the market and trading and not held by insiders, etc
This post was edited on 1/27/21 at 8:14 pm
Posted by Havoc
Member since Nov 2015
39279 posts
Posted on 1/27/21 at 8:36 pm to
The same shorts that are always trying to tank stock prices through “investigative reports.”
Posted by stickly
Asheville, NC
Member since Nov 2012
2338 posts
Posted on 1/27/21 at 8:44 pm to
quote:

So what’s the total damage?


A shite ton. Up to $5.1B-ish?
Posted by IT_Dawg
Georgia
Member since Oct 2012
26703 posts
Posted on 1/27/21 at 8:51 pm to
quote:

A shite ton. Up to $5.1B-ish

More than that...try $15B+
Posted by ImaObserver
Member since Aug 2019
2503 posts
Posted on 1/27/21 at 8:59 pm to
Everybody should love hedge funds and short sellers. NOT!
Cabelas

How Paul Singer, Hedge Funds Are Destroying Rural America
Posted by NashvilleTider
Your Mom
Member since Jan 2007
15766 posts
Posted on 1/27/21 at 9:26 pm to
Can someone explain this Gamestop stuff to me like I’m a teenaged Maxine Waters?

That some funny shite right there
Posted by TheeRealCarolina
Member since Aug 2018
17925 posts
Posted on 1/27/21 at 9:42 pm to
Paul Singer can suck a hot wet fart out of my arse
This post was edited on 1/28/21 at 7:56 am
Posted by Toomer Deplorable
Team Bitter Clinger
Member since May 2020
24857 posts
Posted on 1/27/21 at 10:04 pm to
Posted by goofball
Member since Mar 2015
17353 posts
Posted on 1/27/21 at 10:07 pm to
Excellent videos!
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 1/27/21 at 10:29 pm to
No one can explain this to a Maxine Waters, regardless of her age.
Posted by Perse
I identify: LGBFJB
Member since Oct 2020
1472 posts
Posted on 1/27/21 at 10:57 pm to
quote:

Will this cause the stock market to crash and the Great Depression 2 will take place


Mooch said this is the French Revolution of Finance. He have a good sense of humor considering he's the CEO of SkyBridge. SkyBridge is connected to this mess thru investments in Point72. Citadel and Point72 bailed out Melvin Capital with $2.75 billion. Melvin Capital is the hedge fund that was targeted in this GameStop scheme.
This post was edited on 1/27/21 at 11:00 pm
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