The battle over Gamestop is getting really interesting
- Thread starter LordOfChaos
- Start date
Trimesh
Banned
Soooo, the short squeeze can crash the market, but they said yesterday that they pulled out from their short positions so a short squeeze should not be possible?
Their FUD is all over the place.
I'm genuinely starting to think that the real issue here is that someone was naked shorting and was planning that GME would go bankrupt, the shares would become worthless and the evidence would be erased.
But it didn't happen and they are now in a position where they have a short position that is actually impossible for them to cover because once you add together the stock held by insiders, institutions and autistic Redditors there simply isn't enough left over to fill in the hole.
That would also explain why a group of people that are generally as greedy as fuck but highly rational are behaving in such an irrational manner...
UnravelKatharsis
Member
Soooo, the short squeeze can crash the market, but they said yesterday that they pulled out from their short positions so a short squeeze should not be possible?
Their FUD is all over the place.
The stock market that's worth trillions will crash if a few hedge funds lose a few billion.
TKOFromTokyo
Member
Soooo, the short squeeze can crash the market, but they said yesterday that they pulled out from their short positions so a short squeeze should not be possible?
Their FUD is all over the place.
I'm all for a correction right now. I pulled most of my investments on Friday. I'm ready for a dip to reinvest. Statistically, February is usually a weak month for the market anyway. Hold the line and if the market crashes, then I'm ready to jump in.
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Unknown Soldier
Member
Here's the playbook. The original SA post is now 7 years old but at the time drew little interest, but now we all know what's happening and why.
As someone who has been invested in TSLA for a number of years, I've seen ALL this shit before. They ran this exact playbook against us for at least 5 years, trying to destroy us. In the end we won with TSLA because you simply cannot fuck with Elon Musk but they actually pushed Tesla to brink of insolvency at least 3 times during the long battle against the shorts. Now it's GameStop they are after, and the shorts really thought they had them by the balls because you don't short to 140% of float unless you are SURE you are going to win. Well, these shorts aren't so fucking sure now are they?
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Unknown Soldier
Member
This is exactly what was happening. And what's actually the goal of a bankruptcy is actually MORE nefarious than you assumed. See, there's a bit of a loophole in how bankruptcy proceedings work. When you are short a company's shares, you borrowed and sold the shares and promised you will buy them back and return the shares later. Well, guess what, if a bankruptcy occurs, you don't have to return the shares. You just keep all the money you got from selling the shares. What's even more fascinating is the fact that because of how the tax code works, the money you keep is NOT TAXABLE.
These parasites specifically want to force a bankruptcy because not only do they keep all the money they made from the short, they keep it TAX FREE. It's the purest form of financial greed and evil you can think of it. They don't even think twice about destroying a company that employs 50,000 people to line their own pockets and the system even encourages it because they can dodge taxes if they succeed!
Buggy Loop
Gold Member
I didn't know about that tax free thing. No wonder almost all hedge funds went into shorts, you never get anything tax free by being bullish and seeing a company succeed, so the tax exemption means that being a parasite that overshort companies into bankruptcy is rewarded. WTF
This has to change, can't believe how fucked up that is. Now GameStop is suddenly the focus, but how many good legit companies got grinded to bankruptcy with this method?
Buggy Loop
Gold Member
You ok NYSE? Hahaha
Captain Toad
Banned
Billionaires are just a myth.
TwiztidElf
Member
Everyone is drunk on "sticking it to the man".
I hate to be a doomer about all of this, but isn't the stage now set for the biggest short in history?
Won't these people with bottomless pockets just double down by a factor of 10, and the losses they copped on the squeeze will be completely dwarfed in comparison to the true profits of when GME does inevitably drop?
We can't win this game.
I hate to be a doomer about all of this, but isn't the stage now set for the biggest short in history?
Won't these people with bottomless pockets just double down by a factor of 10, and the losses they copped on the squeeze will be completely dwarfed in comparison to the true profits of when GME does inevitably drop?
We can't win this game.
A.Romero
Member
Maybe but their desperate moves show otherwise. If it was just a matter of throwing money at it, I don't think they would dare to show their hand to the general public in the form of blocking legitimate transactions. To me that's the biggest tell that they feel threatened.
That said, even if it's part of the plan it increases awareness and it teaches society something else: their rules are not your rules. We've had protests, we've had terrorism and now we've had fraud.
If anything, this puts humanity one step closer to real change. Good or bad, I don't know.
*Nightwing
Banned
Thats the point, some of the hedge funds have ALL of thier money in this short and will need to engage in further financial shenanigans to get more capital to double down or lose their shirts.
So either way it is going to bankrupt some of the hedge funds or flower into the shinning example of the modern age of how the market is rigged for manipulation only by those wall street elites despite their saying the average man should and can invest in the market just like them. Either way it is going to stick it to the man, and rightfully so.
Linearskillz
Member
The most anyone can gain from shorting a stock is double their initial investment which would occur if the price dropped to zero. This is what hedge funds were trying to do in the first place. Right now the fees and margin requirements for shorting are at crazy high, assuming there are even shares available to short in the first place.
Firms are still trying to short, as is obvious by the SI% being as high as it is even after some big boys claimed to have exited. They've definitely been trying to drive the price down with short ladder attacks but it never lasts long, like literally almost within the hour it's back up again. The biggest price crash came the very moment RH and other brokers blocked buying of GME, the reasons for which should be obvious.
The biggest risk is people losing interest or deciding that they do, in fact, want to cash in their gains. I wouldn't blame them in either case. That being said, the trade volume during selloffs was actually very low which indicates to me that people are not, in fact, panic selling.
As long as shares are held it's a waiting game between those holding shares (which costs nothing), and those shorting shares (which costs a lot).
If nothing else it's very entertaining, and I'm definitely getting pleasure out of watching these billionaire Wall Street types writhe under the pressure. These are the same types of people that caused the 2008 crash. They deserve no sympathy.
Fuz
Banned
See, this is what I don't understand.
It should be already obvious to every fucking person on the planet that hasn't got a negative value IQ.
RPSleon
Member
I swear they can apply leveraging though. So way way way over double.
*Nightwing
Banned
We live in the time of misinformation.
Everyone confused and making decisions based upon faulty data is the norm of the world today. Your inability to understand what is the consensus of reality VS what you know is reality is expected and intended. It is misinformation working as intended you are referencing.
Trimesh
Banned
Hedge funds somehow managed to get the same treatment as financial institutions, although they really aren't. This is also why they can employ margin trading without demonstrating collateral. LTCM used all these tricks and more to get about 30x leverage - which was exactly why a fairly small market movement wiped them out.
Linearskillz
Member
Sure, but that goes in the other direction as well. Losses add up FAST when the price increases, hence how Melvin seems to have blown up so easily. I'd be pretty curious if and how they get special treatment for their requirements for leveraging.
There's also the question of how does one apply leverage to such an extent where more shares are shorted than exist... the only way is naked shorting, right? Legit asking, because I don't know how else we would get where we are now. Must be nice to just invent things out of thin air and then make money off of it.
I'm starting to believe the theory that they were caught with their pants down with far more shares shorted than possible and the increased number of individuals holding (and refusing to sell) real shares has trapped them in a very awkward and probably illegal position. Would be very interesting... but then again they don't play by the same rules so we may never know.
I doubt they've been sitting around on their hands all weekend so let's see what kind of new wonderful strategies they have planned for tomorrow. Will it squeeze, will it crash, will the graph draw an image of Reggie like an etch-a-sketch? Can't wait!
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LordOfChaos
Member
DFV's thesis was posted a year ago, so his DM was not exactly prophetic or the very earliest, but definitely before the mainstream media caught on.
Other stocks trying to join the GME train have come and gone and I've largely ignored them because a lot of people are trying to scare money out of GME, but I'm kinda curious if the silver thing has any merit. I've read that Citadel serves to gain by pumping silver so this may be an inception'ed idea, but otherwise it would have been interesting. Long term though industrial use is going to determine silver prices, not a retail pump on a 1.5T market cap.
tl;dr still GME
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Buggy Loop
Gold Member
Citadel is like the 5th biggest share ownership of silver. When Bloomberg says that Silver is the next big target for retail.. that's most likely bullshit media manipulation.
TransTrender
Gold Member
Lol so what's the latest theory on whats going to happen tomorrow?
Shmunter
Member
Should explode unless there is Sca meddling. I imagine there is significant fund/democrat pressure to hold trade.
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D
Deleted member 17706
Unconfirmed Member
All bets are off...
I can't imagine Wall Street was just sitting and twiddling their thumbs all weekend and hoping this will all go away. I'm guessing they have a strategy that they plan to employ tomorrow and next week.
Meanwhile WSB has almost 8 million members and the call to buy and hold GME to the moon has now become a global movement and is close to reaching peak saturation in terms of exposure and interest.
This week definitely feels like it's going to be the climax, but no one can say for sure!
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GhostOfTsu
Banned
People with actual insider info and knowledge of how things work are saying it's over but Reddit types prefers to laugh at them and tells them to fuck off using their memes, RH conspiracies and stupid jokes.
The brainless monkeys have to stick to the plan and hold until they lose everything. Stick it to the man!
We'll see tomorrow who's right.
Shmunter
Member
Insiders? Are you an insider?
BigBooper
Member
Silver is magic beans. Nokia is smoke screen. AMC is solid, but not as solid as GME.
D.Final
Banned
Wow
This is wow
RPSleon
Member
I worry about anyone who hasnt yet bought in.
The danger today is surely pre market sales. (Still new to this) but ive already learnt that even if i put in a buy order way before open, it still ends up executing at the top of the opening spike.
This to me is an opportunity for the big boys to buy in huge volume, get any new buyers in way higher than they wanted, and drop it down again within minutes and force sales from the new buyers. Maybe scaring off some more and creating downward momentum that looks like the end for the stock.
Id say anyone wanting in at this point should wait for something like this to happen first. They aint gonna just sit and let us have an easy ride.
The danger today is surely pre market sales. (Still new to this) but ive already learnt that even if i put in a buy order way before open, it still ends up executing at the top of the opening spike.
This to me is an opportunity for the big boys to buy in huge volume, get any new buyers in way higher than they wanted, and drop it down again within minutes and force sales from the new buyers. Maybe scaring off some more and creating downward momentum that looks like the end for the stock.
Id say anyone wanting in at this point should wait for something like this to happen first. They aint gonna just sit and let us have an easy ride.
Grumpy Toe Nail
Banned
Pre market is great so far. up 16% when i last checked.
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D.Final
Banned
And here's the fall
Grumpy Toe Nail
Banned
Maybe. I'll be honest even though thats a buzz kill. Bought in at 90 and finally closed during pre today. put some back into AMC. Looks like I made the right call.
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LordOfChaos
Member
From watching this for the last few weeks I think premarket has mattered less than any other stock I've watched. Premarket can be down and as the ITM calls pay out it rises during trading hours. Friday closing above 320 was huge, the 115, 250 (I think?), and 320 calls all closed ITM.
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Buggy Loop
Gold Member
Wow, there's a worldwide media push that Reddit is moving to silver, which is utter bullshit. SEC is blind or what? This is manipulation.
Grumpy Toe Nail
Banned
Literally the dumbest shit about this was all the people bringing up other stocks/crypto. Only reason i closed is because everyone was trying to jump on like 12 different stocks negating how effective we were as a collective. Still made easy money but people are dumb lol.
LordOfChaos
Member
They're throwing around tens of other tickers to distract money out of GME even where the reddit sentiment doesn't reflect it at all, it's really eye opening.
Don't follow every goose put in front of you gang, focus!
AV
We ain't outta here in ten minutes, we won't need no rocket to fly through space
Just seen three separate silver threads go up on WSB within a few minutes (conspicuously close to opening bell) and immediately get downvoted into oblivion. WSB holds strong.
LordOfChaos
Member
Citadel Capital would benefit a lot by a silver rally...This is all so dirty!
Bloomberg - Are you a robot?
www.bloomberg.com
Buggy Loop
Gold Member
Anyone bored of short ladder attacks? Is this the only trick? How is this not made illegal anyway to trick the algorithms so blatantly?
All this do is making me flabbergasted that SEC has done fuck all in all those decades.
All this do is making me flabbergasted that SEC has done fuck all in all those decades.
D
Deleted member 17706
Unconfirmed Member
It's disgusting. Hopefully it will educate a lot of people that you need to look at the trade volume, too, and not just the basic price line graph.
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Buggy Loop
Gold Member
You see all the 100 shares in the order book? They are selling by stacks of 100 shares, 5 cents less, then the buy back of 100 shares. They're not even trying to diversify as to not make it obvious anymore. They probably know a wrist slap is coming so why not go all in.
A.Romero
Member
Yeah, they are succeeding in bringing it down. I didn't think it could go this low again.
Buggy Loop
Gold Member
Could go to 100$ for all it matters, because it's artificial and has to spring back. I'm actually relieved to see this.
If they had pulled out of their short positions you would not see:
- Short ladder attack
- FUD by thousands of bots to buy silver (help citadel)
- Them telling us through the media that they left their short positions, I mean, why would they? If you're out of from the game about a stock, why care to even say it?
- Still have strong limits on buying from certain brokers and even now sell limits.
If I had not seen short ladder attacks this morning, that's when I would start to worry and look for an exit lol.
/not financial advice
If they had pulled out of their short positions you would not see:
- Short ladder attack
- FUD by thousands of bots to buy silver (help citadel)
- Them telling us through the media that they left their short positions, I mean, why would they? If you're out of from the game about a stock, why care to even say it?
- Still have strong limits on buying from certain brokers and even now sell limits.
If I had not seen short ladder attacks this morning, that's when I would start to worry and look for an exit lol.
/not financial advice
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LordOfChaos
Member
But you see that's not price manipulation, because those are rich people that are supposed to be doing that
God I want us to insert DFV into the billionaire class just to throw a little cherry bomb in there lol
A.Romero
Member
Is there some place where the shorts can be seen or that's confidential info?
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