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r/wallstreetbets caused two equity firms to lose close to $5,000,000,000 after the firms made heavy short positions on GameStop stock. The larger equity firm had to get an emergency $2 billion dollar cash injection today to stay afloat. Gotta love IRL shitposting. (media.patriots.win)
posted ago by BidenSniffsLittleKid ago by BidenSniffsLittleKid +351 / -0
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– FastnFurious 2 points ago +2 / -0

When does one risk a short position? $200 seems like it should happen.

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– mintscape 5 points ago +5 / -0

I would not risk a short position on this stock, the activism is aimed at punishing short sellers after all, it could go to $500 at least if the hedge funds are forced to cover.

Sure this is going to tank, that is obvious but the short interest is still over 100% of the float, I think 130% right now.

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– FastnFurious 6 points ago +6 / -0

Agree. This is out of my league. I’m happy to see these Biden loving NY Liberals get fucked.

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– TheTrumpDimension 2 points ago +2 / -0

its a 209 rn, but the hopes are forcing a 2008 vw short squeeze situation

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– dimesfordimes 1 point ago +1 / -0

Don't short it, if you want to cash in jump in and put a sell order at somewhere below $1000

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