BurbankStank

To "short" a stock, you first borrow that stock from a lender. Party A lends a share of Game Stop stock to party B. In return, B pays some small amount interest based on the value of that share to party A until they return the share.

The next step is that B takes that share they borrowed from A and they sell it to someone else. So B now owes A a share of stock that B no longer has in its possession. If the price of that stock falls, B can buy a new share at a lower price than what they sold the original share for, give that share to A, and then pocket the difference. So if B borrows a $100 share and sells it, then the company tanks so that B can now buy a new share for $10 and return that share to A, then B has made $90.

This is very risky. The way normal investing works is that if you buy a $100 share, the most money you can possibly lose is $100 should that share become worthless. However, if you short a $100 share, and then that share skyrockets to become worth $1000, now you've lost $900.

The "short interest" of the stock is the ratio of shares that have been shorted to the number of publicly available shares. So if there 100 publicly available shares of a stock, and 10 of them have been shorted, that's 10%. If all of them have been shorted, that's 100%. Short interest of 20% is considered extremely high. But, lets say B borrows a share from A and sells it to C. The D borrows that share from C and sells it to E. And then F borrows that share from E and sells it to G. Now that one share has been shorted 3 times. In this way, it's possible for short interest to go above 100% (gamestop's short interest was 140%).

So if people notice that a stock is way over shorted, they might start buying that stock like crazy, which increases demand for it, and drives the price up. Well, all those firms that shorted the stock betting that the price would fall are gonna get scared and start scrambling to buy enough shares to repay to their lenders before the stock price climbs any higher. But then those firms clamoring for that stock drives the price up even more! That's called a short squeeze.

So basically a bunch of redditors noticed gamestop stock was over shorted, and so they started buying it in order to trigger a short squeeze. This caused the value of the stock to sky rocket, giving them a huge return on investment and costing hedge funds a fortune as they scrambled to buy shares to cover their short positions. Meanwhile, gamestop is still the same struggling company today that they were months ago.

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Day 1 - not just corruption, but blatant GFY patriots and middle class citizens and can’t do anything about it type corruption. Its being smeared in everyone’s face and it comes straight from the judicial system.

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Trump is literally still the president. :lol:

Isn't sriracha already basically sriracha ketchup?

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Which means the totals for those counties, including in person, wont be submitted until all the mail ins, are counted, 3 days later.

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But right in the article, it says...


"On Election Day we will report the poll numbers, but we have three days to start the canvassing of the mail-in ballot. So, we took the opportunity to focus our attention on the election at the polls and then we will switch gears the next day."


So the in person vote will be counted and submitted on election day. These counties, like others, are basically saying it's not practical for them to get all the votes counted on election day.

Lol @ "HOLES"

Yeah, Trump did say that once.

EDIT: Specifically, he claimed that the noise from the turbines somehow causes cancer.

Gotta admit. The t-top version looks like it'd be a lot of fun to go beach cruising in. And it'd be quiet too, nothing to drown out the sound of the waves.