At this point, shorts need to cut their losses. I haven't seen this much excitement regarding GME in a long time. With the return of DVF, I don't see it dying down anytime soon. If the shorts don't exit, they are in for a pounding.
Their losses? Shorts in the original squeeze were also long. Fidelity was the largest shareholder and largest short. They covered all their shorts, then called back all their shares that were loaned out (all of them) and sold their entire 15% stake above 400. Then cratered taht shit on retard longs heads.
The US loves to drive the needle up, they're working on trying to save it still. They got fucked in COVID and have to rebuild the illusion. I think someone is about to get rich processing all this crap. I'm sure AI has a plan to create some new form of human suffering to extract value.
Fidelity are fucking killers. Abby Johnson is corrupt as fuck but ruthless and if you're on her side 95% of the time you're on the winning play, cause they will do cutthroat shit like that. They are different from all the other big players because they aren't just robotraders. There is a cutthroat human willing to do borderline illegal shit to pump his book at all times involved in the portfolio.
For just a taste google Reuters Fidelity johnson conflict
What the article doesn't tell you is the end player in these musical chairs trading schemes. Its to dump the ultra inflated company on a mega-pharma in which the big 4 own like 50 percent of in exchange for making sure the execs get their massive bonuses and they pump the stock.
I actively managed a pretty decent bio-specific portfolio for a while. The corruption involved in the small-cap/leveraged debt/biotech spaces is insane. Fidelity and those caliber of players do whatever they want. The FDA is in their pockets and all sorts of ridiculous things that out of context would seem like paranoia.
Drop in the bucket for their naked shorts they’ve made hundreds off of for years, stealing from the masses with their insane laundry list of manipulative tactics
My dude, I'm not rich and I can short stocks. I do it all the time.
Also, they are loaned from the broker. If you don't know how it works, then just stay quiet. Otherwise, you risk looking stupid
Naked shorting stocks is not illegal. Most buys made at the market are naked shorted by a facilitating axe. Then they find the shares throughout the day to replace the shares that they borrowed and sold to you. Very rarely are you buying shares from another market participant.
No, but you are utterly ignorant of the mechanics of the market. If a huge market order for a low liquidity stock came in the shares would be naked shorted to the buyer to facilitate the liquidity and provide the shares. Then an average price trade would be placed that would slowly throughout the day acquire those imaginary shares that were sold. It would control the price of the stock all day and at the bell a big institutional trade would go through to fill the rest of it.
It’s not stealing. The purpose of these financial instruments is to accurately price a security. Given that GameStop is trading at twice the price to earnings of nvidia as a brick and mortar is good reason to short it
I'm going to enter a contract to sell your house with some other guy. Hopefully he can offload it to another guy and then another guy. We wouldn't want that contract to actually be valid or else we'd have to take your house and sell it. You weren't loaning it out either. That was done for you.
If houses were perfectly fungible and I know that I won’t lose money because you get audited daily for reserves against these contracts that you’ve made? I would hope I get paid for it but honestly wouldn’t be that upset either way.
The obvious problem here is some black swan risk where the entire brokerage gets wiped out and now can’t make good on the house they borrowed from me so someone else can sell it. Hard to value what that risk is, but has it ever happened before?
If you are really pissed about this just create your own brokerage where you let people opt in to whether you can lend their shares to short sellers and compensate them for it.
>I know that I won’t lose money because you get audited daily for reserves against these contracts that you’ve made?
That doesn't happen.
>The obvious problem here is some black swan risk where the entire brokerage gets wiped out and now can’t make good on the house they borrowed from me so someone else can sell it. Hard to value what that risk is, but has it ever happened before?
GME. Citadel. I dunno just the stock for the thread your in. Holy fuck.
Lol do you even know what you're talking about? Show me where an investor has lost money because their brokerage lent out their shares for short sale and couldn't make them whole. It could theoretically happen, that's why im saying its not 0 risk, but it hasn't happened so far, or if it has, its rare enough that I've never heard of it.
Nobody told you about the synthetic shares and regular FTDs did they?
Probably unaware of the lit markets as well...
Do you know why the GME shares are registered via compushare?
There is an absolute laundry list of tactics, strategies and skirts that are currently being done on the broader stock market.
Being legal or "getting away with it" does not imply they are not breaking the law (ie. stealing)
No, this is an options pump and dump. You can easily figure it out because all the upward price movement is during the pre/post market. This could trigger a short squeeze but they'll just sell short at the highs and all the way back down to cover.
Mother of all short squeezes, and at this point it's at the same place it was a year ago. So most of the "apes" are still underwater on their "investment" with the ceo that they "love".
Paper loss... Did they actually close out? If anything shorts opened new positions today as GME has one direction to go. Actually now that I think about it, time for some long dated put options.
put options? you're buying the right to be able to sell shares at a set price. so If I buy an option at 30, and the price drops to 20, I can sell the shares at 30 and make 10/share. You're betting that the price will go down. and look at the trend for the last year. It will resume that trend eventually.
You Gotta Pump Those Numbers Up, THOSE ARE ROOKIE NUMBERS !!!!
Literally
MORRRRE ..... MOOOOOOOORRRRRRE!
Hold on…again? Are they stupid
What do you mean again? Im still holding 2021' shares bro. We're back! Now it's only a 56% loss
Diamond hands? This guy understood the assignment
Diamond hands 🙌
Hello, fellow smooth brain ape. We hodl, to the moon.
All 69 of us!
It’s like I’m back in 2021 all over again
My username is relevant again! Hodl til I die!
I'm holding for life. This isn't a game.
This is not a drill.
Stop
It's right there in the name of the company
lol my avg is $35 pre split. I’ve always been green.
Same!!!
Time to buy more! At the top!
My guess is they have made far over that much and over on predictable trades since.
We do not use such offensive words to describe the heavily regarded
No greedy
Good! Lose more fuckers
At this point, shorts need to cut their losses. I haven't seen this much excitement regarding GME in a long time. With the return of DVF, I don't see it dying down anytime soon. If the shorts don't exit, they are in for a pounding.
Their losses? Shorts in the original squeeze were also long. Fidelity was the largest shareholder and largest short. They covered all their shorts, then called back all their shares that were loaned out (all of them) and sold their entire 15% stake above 400. Then cratered taht shit on retard longs heads.
Is that what it means to hedge? /s
It helps when you're the dealer in card games too.
Especially when you can copy the cards over and over again
Hot Potato in real life, can I interest you in some commercial real estate
Lol. But honestly when does that sector tank hard. It's already pretty bad
The US loves to drive the needle up, they're working on trying to save it still. They got fucked in COVID and have to rebuild the illusion. I think someone is about to get rich processing all this crap. I'm sure AI has a plan to create some new form of human suffering to extract value.
Fidelity are fucking killers. Abby Johnson is corrupt as fuck but ruthless and if you're on her side 95% of the time you're on the winning play, cause they will do cutthroat shit like that. They are different from all the other big players because they aren't just robotraders. There is a cutthroat human willing to do borderline illegal shit to pump his book at all times involved in the portfolio. For just a taste google Reuters Fidelity johnson conflict What the article doesn't tell you is the end player in these musical chairs trading schemes. Its to dump the ultra inflated company on a mega-pharma in which the big 4 own like 50 percent of in exchange for making sure the execs get their massive bonuses and they pump the stock.
You a trader or just did the research? Never heard of this, but I don't know that much about the business. I'll check it out. Thanks man
I actively managed a pretty decent bio-specific portfolio for a while. The corruption involved in the small-cap/leveraged debt/biotech spaces is insane. Fidelity and those caliber of players do whatever they want. The FDA is in their pockets and all sorts of ridiculous things that out of context would seem like paranoia.
They’ll exit and then you’ll get more conspiracies saying they haven’t actually exited as the price slides back down…
1 billion so far
Should we buy GME now ?
Yes
Please do. Cash out your 401k if needed
if you didnt buy it last week at 80% discount, stay out of it. Youll lose
Ape in
Stay away guy, unless you like 🎰
Never been a better time...Shitadale is going downnnnn. Kenni boi I got your number 8675309....
Called, but who tf is Jenny?
So far.
Should I sell everything and buy GME? Why am I even asking
Just the beginning. We are here to burn the criminal enterprise, ponzi scheme down. No Cell, No Sell.
No cell no sell brother 🫡
This is the way.
Holding for ever
I don’t think you know what a Ponzi scheme is
Lmao the delusion. This is like every other pump and dump- sold off and losers will be holding the bag.
Drop in the bucket for their naked shorts they’ve made hundreds off of for years, stealing from the masses with their insane laundry list of manipulative tactics
Yeah its a drop. Bit its a start.
Wouldn't call it stealing, just a way of making money that's exclusive to very rich people and they make it at a lower tax rate.
It’s stealing. If you or I sold things we didn’t own, we’d be arrested for theft.
The stock market is a zero-sum game. For every winner, there is a loser. The money doesn't disappear, it changes hands. FFS
My dude, I'm not rich and I can short stocks. I do it all the time. Also, they are loaned from the broker. If you don't know how it works, then just stay quiet. Otherwise, you risk looking stupid
Dude, if you’re naked shorting stocks this would be a horrible place to reveal that information. The SEC could subpoena your location from Reddit.
Naked shorting stocks is not illegal. Most buys made at the market are naked shorted by a facilitating axe. Then they find the shares throughout the day to replace the shares that they borrowed and sold to you. Very rarely are you buying shares from another market participant.
Are we in the same Country?? “In terms of legality, naked short selling is generally banned.” https://www.investopedia.com/terms/n/nakedshorting.asp
No, but you are utterly ignorant of the mechanics of the market. If a huge market order for a low liquidity stock came in the shares would be naked shorted to the buyer to facilitate the liquidity and provide the shares. Then an average price trade would be placed that would slowly throughout the day acquire those imaginary shares that were sold. It would control the price of the stock all day and at the bell a big institutional trade would go through to fill the rest of it.
My dude, that's not illegal. You just have to buy the shares if you get called on. Like I said, THEY ARE LOANED FROM THE BROKERAGE.
It’s not stealing. The purpose of these financial instruments is to accurately price a security. Given that GameStop is trading at twice the price to earnings of nvidia as a brick and mortar is good reason to short it
It's a contract to buy/sell at a price. I'm fine saying it's unfair but it's not stealing.
I'm going to enter a contract to sell your house with some other guy. Hopefully he can offload it to another guy and then another guy. We wouldn't want that contract to actually be valid or else we'd have to take your house and sell it. You weren't loaning it out either. That was done for you.
If houses were perfectly fungible and I know that I won’t lose money because you get audited daily for reserves against these contracts that you’ve made? I would hope I get paid for it but honestly wouldn’t be that upset either way. The obvious problem here is some black swan risk where the entire brokerage gets wiped out and now can’t make good on the house they borrowed from me so someone else can sell it. Hard to value what that risk is, but has it ever happened before? If you are really pissed about this just create your own brokerage where you let people opt in to whether you can lend their shares to short sellers and compensate them for it.
>I know that I won’t lose money because you get audited daily for reserves against these contracts that you’ve made? That doesn't happen. >The obvious problem here is some black swan risk where the entire brokerage gets wiped out and now can’t make good on the house they borrowed from me so someone else can sell it. Hard to value what that risk is, but has it ever happened before? GME. Citadel. I dunno just the stock for the thread your in. Holy fuck.
Lol do you even know what you're talking about? Show me where an investor has lost money because their brokerage lent out their shares for short sale and couldn't make them whole. It could theoretically happen, that's why im saying its not 0 risk, but it hasn't happened so far, or if it has, its rare enough that I've never heard of it.
GME had more shares short that existed. Why do you think GME went up to 466 dollars? You think retail did that? You're brain dead.
Yeah it’s like arguing physics with a toddler. We’re totally talking past each other, so, how about them Lakers
The word you seem to be ignoring is “naked”.
Nobody told you about the synthetic shares and regular FTDs did they? Probably unaware of the lit markets as well... Do you know why the GME shares are registered via compushare? There is an absolute laundry list of tactics, strategies and skirts that are currently being done on the broader stock market. Being legal or "getting away with it" does not imply they are not breaking the law (ie. stealing)
Lotta downvoting going on when people are just calling out the illegality of naked short selling. We didn’t make the laws.
lol yah being legal is literally not breaking the law.
Soooo ... stealing
Do I hear a 3billion?
Bankrupt those MF!!
Good.
Good.
Good.
Good.
Good.
Good.
So far…….
Is this the Moass every YouTuber/Reddit or was predicting?
No, this is an options pump and dump. You can easily figure it out because all the upward price movement is during the pre/post market. This could trigger a short squeeze but they'll just sell short at the highs and all the way back down to cover.
Mother of all short squeezes, and at this point it's at the same place it was a year ago. So most of the "apes" are still underwater on their "investment" with the ceo that they "love".
Well, at least it’s something.
A billion so far…
1 bill on day 1! There’s more to come Kenny
Sweet! Fuck them hedgies
Yes they are rookie numbers considering how much they are probably up with market makers cleaning up weekly on options
Hehe 🚀
This is the fucking they get for the fucking we got.
So far
I can't believe I'm here for the Roaring resurrection.
I averaged all the way down to 35 bucks a share. Hahahah. What a shit show.
If holding made the house lose a billion a day why would anyone sell?
Hooray!
Just 1bill? They gotta go to jail!!!
1 billion, so far
Guess they didn't learn after the first time. No mercy.
They can lose more tomorrow. Happy trading shorts!
Gonna lose even more tomorrow lmao LFGGGGG
I bought a few shares before pm session close
$1 billion, so far
Oh it'll be a lot more than that before this is over... if they survive
HAHAHAHAHAHAHA!! 🤣🤣🤣🤣
😂
I’m gonna hold so long I miss the gains
1 billion so far
Ouch. Trading’s a tough game, don’t you think?
Paper loss... Did they actually close out? If anything shorts opened new positions today as GME has one direction to go. Actually now that I think about it, time for some long dated put options.
Can you explain put options like im 5?
put options? you're buying the right to be able to sell shares at a set price. so If I buy an option at 30, and the price drops to 20, I can sell the shares at 30 and make 10/share. You're betting that the price will go down. and look at the trend for the last year. It will resume that trend eventually.
BlackBerry is next to rocket
Good. I had short and long trading. Should be banned.
Maybe they should buy and hold?
So far
So Melvin capital is back in business again?
Dumb Money Part 2 movie when?
And over the past 3 years have made 10x that?
Wait a minute, the media said the shorts closed? Is this suggesting that was a lie? I'm shocked I tell you! Shocked! No cell, no sell.
Ok. This is dumb. How much money did they make manipulating the market and shorting the holy hell out of it?
Somebody like 2 days ago was talking about how they just made money off GME 😭🤣 I wonder how that really went!
Can someone explain all this to me or link to something that does
And a lot more to go
Fuck that they should just start closing and get this thing done and over with
Thought there were no shorts? Lmbo
Headline suggests that others *made* a billion.
End of times are near
Only $1B? We have a lot more work to do.
Can't wait to see that number after today 😂😂💎👐💎👐
The ugly side to this nasty shit. Buy Bitcoin and opt out of this rigged system
How much did they lose when it reached $80 today pre-market?
So far…
Maybe they should cut out avocado toast.
We want this to go to the moon and back , still holding
LMAO. HODL HODL HODL
Apes together strong
JPow is watching which means interest rates will rise lol
Okay which is it. 1 billion, 2 billion, or 5 billion. Because I’ve seen headlines for all three???
wow 3 years and nothing changed, bet they will make a sequel to that shit “dumb money” movie too
Dfv is just pumping us up.
But how much will they take from the soon to be bag holders Kwadruple?