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Posted on 1/27/21 at 10:36 am to moneyg
363.98+216.00 (+145.97%)
As of 11:36AM EST. Market open.
hmmm
As of 11:36AM EST. Market open.
hmmm
Posted on 1/27/21 at 10:38 am to gthog61
Posted on 1/27/21 at 10:39 am to therick711
I honestly don't get it. GME is an obvious short and I'm not sure why this upsets people. Same with AMC today. Why does anyone give a frick if someone makes an obvious bet on the short side?
Posted on 1/27/21 at 10:39 am to fwtex
The hedge funds will certainly turn to the SEC and probably FBI. It’s basically the same pump n dump scheme you saw in Wolf of Wall Street. There likely is a case to be made for fraud. But it’ll be interesting to see how or if they can differentiate the losses due to the original organizer vs when this thing took a life of its own
Posted on 1/27/21 at 10:41 am to cwill
The problem is how long the short can sit out there before it is called.
If you sell short at $125 and it is at $300 per share, you are responsible for $175 per share.
That amount spikes to $1000 and you are responsible for $875 per share.
At some point, a margin call happens and anyone who has these position is expected to either sell and lock in a loss or turn over assets to secure further shorting.
If you sell short at $125 and it is at $300 per share, you are responsible for $175 per share.
That amount spikes to $1000 and you are responsible for $875 per share.
At some point, a margin call happens and anyone who has these position is expected to either sell and lock in a loss or turn over assets to secure further shorting.
Posted on 1/27/21 at 10:43 am to ClampClampington
I question how you can claim SEC charges when this was based on the SEC’s own statements about the shorting of GameStop’s stock amongst other things.
Hedge funds shorting over 100% of GameStop stock isn’t the brigadiers’ fault.
Hedge funds shorting over 100% of GameStop stock isn’t the brigadiers’ fault.
Posted on 1/27/21 at 10:43 am to teke184
It depends on when the Put contract expires. If it's an uncovered short these people will be devastated.
Posted on 1/27/21 at 11:03 am to teke184
I get all that...I just don't get why people are mad about people taking a short position.
Posted on 1/27/21 at 11:05 am to cwill
quote:
I get all that...I just don't get why people are mad about people taking a short position.
Part of it is because it's seen as bad risk management by people who are supposed to be smarter than everyone else, hedge funds and big investment banks. So what's happening is the script is being flipped and they are being turned into Redditors who have been just gambling on the market.
This post was edited on 1/27/21 at 11:06 am
Posted on 1/27/21 at 11:08 am to cwill
quote:
I get all that...I just don't get why people are mad about people taking a short position.
They aren’t. They are using that to make money. Isn’t that what this is all about or are certain stocks meant to be just honey holds for hedge fund bears to rape endlessly so they can afford their lifestyles? Looks like the brokers and regulators are signaling just that..gaming the table
Posted on 1/27/21 at 11:08 am to Bobby OG Johnson
Translation: frick the little guy.
Posted on 1/27/21 at 11:09 am to auggie
quote:
are manipulating stock prices
incorrect
Posted on 1/27/21 at 11:11 am to O P Walker
This Twitter thread explaining the situation is amazing GameStop
Posted on 1/27/21 at 11:11 am to O P Walker
This is not the revolution that you think. There is no real purpose to it.
Posted on 1/27/21 at 11:14 am to KiwiHead
Sometimes the purpose is only to make a show of power.
An investing subreddit has just proven they have enough juice to take on multiple hedge funds and cause massive increases in one stock’s price based off a reading of the market and sheer numbers.
If nothing else, this is likely going to decrease the number of stocks which are heavily over-shorted in the near term.
An investing subreddit has just proven they have enough juice to take on multiple hedge funds and cause massive increases in one stock’s price based off a reading of the market and sheer numbers.
If nothing else, this is likely going to decrease the number of stocks which are heavily over-shorted in the near term.
Posted on 1/27/21 at 11:15 am to Diseasefreeforall
Posted on 1/27/21 at 11:17 am to PEEPO
OMG it's still going up, it's gone from like $14 to $322 in what 3 days? LOL.
Posted on 1/27/21 at 11:18 am to PEEPO
In GameStop terms, that’s the difference between a used game ans a new system.
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