Greedy hedge fund managers shorted GME's stock, forced stock to artificially go down in value. Stood to make a killing off it. Some out of work pedes sniffed out the ruse and started buying the stocks, driving the price back up. Now the greedy hedge fund managers got caught with their dicks in the cookie jar and are on the hook to pay back all that money they just lost.
How shorting stock forces it to go down? It creates demand for this stock in the future which means you want to buy today to sell it later and this causes stock to up.
The short term borrower doesn't care about the health of the stock - or even investing in it. That's why they are shitty people.
They directly profit only when a company fails - they are the literal equivalent of leeches. The reason why the stock goes down is because generally, the person who shorts it has a media scheme to make it so.
They will borrow a bunch of stock from someone, agree to pay them back the value of whatever it is tomorrow, then immediately sell the stocks - then spend the next 24 hours going on TV and running their mouths, along with their friends.. about how shitty the company is and that you should bail out immediately.
Hedge funds bet that stock would go lower and then sell back to GameStop and make a profit.
Reddit group instead invests in stock which drove up price to huge levels.
This caused the hedge fund too lose 3 billion dollars
Basically some regular people with extra cash decided to fuck with wallstreet and punished them.
Basically, Wallstreet got outplayed at their own game.
Billionaires shitting their pants now that they realize average joe can play dirty too.
Bunch of Redditors pumped gamestop's stock up by mass buying, forcing the idiots who kept shorting its stock to take a massive loss.
Shorting (as far as I understand it) just means you bet on a stock to lose by borrowing shares in a company, then immediately selling those shares - the idea being that you pay back less to the person you owe once the stock drops in price. Scumbag media and celebrities talk shit about companies all of the time to trigger profit in this manner.
The problem happens when you borrowed stock yesterday, but now owe the +650% version of the stock that got pumped by Reddit. Wallstreet lost literally Billions because of this.
Gamestop had low float (available shares) and more shorts against it than available shares.
People shared this information on wallstreet bets and they all saw an opportunity to make it rocket upwards by buying most of the available stock and holding.
Then all the short positions couldn't buy a stock and get out of their short positions easily or cheaply due to the sheer amount of short positions against the stock. They have to buy stock to get out of the short position. So all these short positions are paying top dollar to buy a share and repay the stock they owe. But nearly no one is selling. So it just keeps mooning.
Nerds on Reddit pumping and buying because they were butthurt that it was over 100% sold short by large hedge funds. Stock price has exponentially increased as more reddit nerds buy at outrageous levels forcing those with short positions to close their positions by buying stock they had once predicted to go down, further raising the price. At some point, it will crater as the stock is way overvalued, meaning that anyone with stones should think about shorting it now.
Big players "shorting" it (works inversely for profit i.e. betting it goes down). People buying in hard which makes them lose money, pretty much exactly opposite of how normal investments work.
Greedy hedge fund managers shorted GME's stock, forced stock to artificially go down in value. Stood to make a killing off it. Some out of work pedes sniffed out the ruse and started buying the stocks, driving the price back up. Now the greedy hedge fund managers got caught with their dicks in the cookie jar and are on the hook to pay back all that money they just lost.
Ok got it.. fantastic. THANK YOU!
Was it anyone particular? politically related? or just typical wall street dicks?
From what I'm seeing, just the typical Wallstreet dicks.
How shorting stock forces it to go down? It creates demand for this stock in the future which means you want to buy today to sell it later and this causes stock to up.
The short term borrower doesn't care about the health of the stock - or even investing in it. That's why they are shitty people.
They directly profit only when a company fails - they are the literal equivalent of leeches. The reason why the stock goes down is because generally, the person who shorts it has a media scheme to make it so.
They will borrow a bunch of stock from someone, agree to pay them back the value of whatever it is tomorrow, then immediately sell the stocks - then spend the next 24 hours going on TV and running their mouths, along with their friends.. about how shitty the company is and that you should bail out immediately.
This explains it in detail: https://patriots.win/p/11SK7ID3kj/for-those-of-you-out-there-like-/c/
Not possible
Here is a great article another pede posted
https://fundingthefuture.substack.com/p/how-wallstreetbets-upset-wall-street
Hedge funds bet that stock would go lower and then sell back to GameStop and make a profit.
Reddit group instead invests in stock which drove up price to huge levels. This caused the hedge fund too lose 3 billion dollars
Basically some regular people with extra cash decided to fuck with wallstreet and punished them.
Basically, Wallstreet got outplayed at their own game.
Billionaires shitting their pants now that they realize average joe can play dirty too.
Bunch of Redditors pumped gamestop's stock up by mass buying, forcing the idiots who kept shorting its stock to take a massive loss.
Shorting (as far as I understand it) just means you bet on a stock to lose by borrowing shares in a company, then immediately selling those shares - the idea being that you pay back less to the person you owe once the stock drops in price. Scumbag media and celebrities talk shit about companies all of the time to trigger profit in this manner.
The problem happens when you borrowed stock yesterday, but now owe the +650% version of the stock that got pumped by Reddit. Wallstreet lost literally Billions because of this.
Gamestop had low float (available shares) and more shorts against it than available shares.
People shared this information on wallstreet bets and they all saw an opportunity to make it rocket upwards by buying most of the available stock and holding.
Then all the short positions couldn't buy a stock and get out of their short positions easily or cheaply due to the sheer amount of short positions against the stock. They have to buy stock to get out of the short position. So all these short positions are paying top dollar to buy a share and repay the stock they owe. But nearly no one is selling. So it just keeps mooning.
Nerds on Reddit pumping and buying because they were butthurt that it was over 100% sold short by large hedge funds. Stock price has exponentially increased as more reddit nerds buy at outrageous levels forcing those with short positions to close their positions by buying stock they had once predicted to go down, further raising the price. At some point, it will crater as the stock is way overvalued, meaning that anyone with stones should think about shorting it now.
Big players "shorting" it (works inversely for profit i.e. betting it goes down). People buying in hard which makes them lose money, pretty much exactly opposite of how normal investments work.
https://patriots.win/p/11SK7ID3kj/for-those-of-you-out-there-like-/c/
This is a great video for novice!
I really think it's a cordinated atack by white hats billionaires against nakes short selling. ( tinfoil hat on )
If you can't afford to buy the stock, buy puts at this level.
It really can't be explained simply. If you don't understand it, then don't worry about it. It's too late to try making money off it anyway.
Look at this site, political science and wall street economics 101 all rolled into the same place. Does a heart good