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Started By
Message
Who Short Sold GameStop?
Posted on 1/28/21 at 8:30 pm
Posted on 1/28/21 at 8:30 pm
I don’t see several exchanges blocking/manipulating trading ability for “Just a few Hedge Funds”. This group is powerful and massive. You don’t get the likes of AOC (Who is probably well-meaning, but a complete fricking retard), and Cruz (well-meaning, very smart, but not liked by the “right people”) agreeing with one another if it’s not someone massive.
I think there are only two places capable of doing this. One’s the US Government. God forbid someone is so stupid as to go do something that fricking stupid.
You know the other. My guess is that it’s on the Asshoe.
I think there are only two places capable of doing this. One’s the US Government. God forbid someone is so stupid as to go do something that fricking stupid.
You know the other. My guess is that it’s on the Asshoe.
6
Posted on 1/28/21 at 8:32 pm to GoldenGuy
Hedge funds who give massive amounts of money to politicians. Are you thinking it’s not as plain as that?
This post was edited on 1/28/21 at 8:34 pm
Posted on 1/28/21 at 8:33 pm to GoldenGuy
Its not really a conspiracy, gamestop will be out of business soon.
Posted on 1/28/21 at 8:34 pm to TigerRanter
If not them, then ones with powerful friends.
Hedge fund owner Steve Cohen, who just bought the Mets, gave a few billion to one of the firms in question to help bail them out.
Hedge fund owner Steve Cohen, who just bought the Mets, gave a few billion to one of the firms in question to help bail them out.
Posted on 1/28/21 at 8:35 pm to GoldenGuy
One of the bigger names I've heard is Melvin Capital. They received 2.75 billion from Steve Cohen's hedge fund and one other hedge fund on Wednesday to shore up their finances IIRC.
This post was edited on 1/28/21 at 8:37 pm
Posted on 1/28/21 at 8:35 pm to momentoftruth87
If you have talking heads going “Why are people wanting a $17 stock for $250?”, ask those same people why someone “Why short a $17 stock for $6?”
Posted on 1/28/21 at 8:36 pm to teke184
It was a 3 dollar stock before Christmas.
Posted on 1/28/21 at 8:36 pm to teke184
Steve Cohen I believe is very deep in what happened today
Posted on 1/28/21 at 8:37 pm to GoldenGuy
We need to take the price to the moon. Make them pay. Hold the line
Posted on 1/28/21 at 8:38 pm to momentoftruth87
But the “market fundamentals” say it is a $17 stock.
Which means it was that low in part because people depressed the price through shorting.
Which means it was that low in part because people depressed the price through shorting.
Posted on 1/28/21 at 8:39 pm to teke184
But, if you asked me what one business would fail soon, before this happened, I'd say gamestop.
Posted on 1/28/21 at 8:39 pm to momentoftruth87
Thanks. Good analysis.
Posted on 1/28/21 at 8:40 pm to the808bass
Can you think of others? When is the last time you bought from gamestop?
Posted on 1/28/21 at 8:41 pm to GoldenGuy
Would now be a good time to short GameStop? Seriously, its going to crash in the very near future.
Posted on 1/28/21 at 8:44 pm to fwtex
If you are good with paying interest on the short until it executes, more power to you.
Posted on 1/28/21 at 8:45 pm to teke184
quote:
But the “market fundamentals” say it is a $17 stock.
There are more than the "fundamentals" of Game Stop as a business worth some fair value in play.
There's also the fundamentals of the over-sold short position. Ignore the company, the shorts have to cover at some point. People played the squeeze. Sure, some might have said they think Game Stop is worth something at the end of the day, but they were in it for the squeeze, which is a market mechanics fundamental.
The shorts got greedy.
This post was edited on 1/28/21 at 8:46 pm
Posted on 1/28/21 at 8:45 pm to fwtex
quote:
Would now be a good time to short GameStop? Seriously, its going to crash in the very near future.
Yes mortimer, go for it.
Posted on 1/28/21 at 8:46 pm to BiteMe2020
I know that. I’m trying to explain that what the company’s financials say is completely separate from the stock price right now because of this.
And in fact it has been disconnected for a while now because of the massive shorting.
And in fact it has been disconnected for a while now because of the massive shorting.
Posted on 1/28/21 at 8:46 pm to momentoftruth87
quote:
It was a 3 dollar stock before Christmas.
been a lot more entertaining than the 3 hour tour Gilligan took
Posted on 1/28/21 at 8:48 pm to GoldenGuy
I don’t even give a frick that they shorted the company. It is what it is. The issue is when they got caught with their collective dicks in their hand, a bunch of companies rallied behind them and they are now fricking the common man. That’s a fricking problem.
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