Yea except by the time the stock has zommed up 1000%, they've already paid. They've paid out the ass to cover their short positions. Since there was such a massive short interest and so little float, as they attempted to cover their large short positions, there is basically zero supply except at retardedly high prices.
Anyway, by now, they have likely dumped their positions and covered their shorts....its probably mostly retail investors and others who are long on the stock now holding insanely, insanely, insanely overvauled shares.
The hedge funds took it on the chin hard...having to get our at really terrible prices...
The price is going to collapse down as quickly as it zoomed up. Now is the time.to cash the hell out. Actually, this morning would have been the time to do it.
It's all over now and its going to come screaming down fast.
Imagine you got in on the beginning of this crazy short squeeze? Droppes $10k into it...and got out this morning....you'd be up to $100k.
Don't know if there were options trades going on, too, bur anyone who bought high premium calls when the inderlying was at $20 and cashed out today could have made like 300-500x their money I'm guessing...woops...the wall street traders got stomped in the nuts hard.
The short calls on Gamestop are going to expire on Friday, so the hedge funds will have to pony up then. Read the thread on WSB and it said it will take them a few days to cash out so the price will crash quickly on Wednesday of next week about. Going to be interesting if it doesn't crash the market along with it.
In less than 48 hours, the Democrats/Obamunists largest financial backers could be BANKRUPT, if this holds. Not just bankrupt, but utterly destitute and homeless..... Steve Cohen, one of Obama's biggest financiers, did not give Melvin a BILLION DOLLARS last night out of the goodness of his heart, he did it to try and prevent the Entire Democrat/-connected Ponzi scheme from collapsing, and taking his own money with it.
It will take Melvin 5-6 days to settle their shorts. The stock will continue to rise, perhaps as high as $1000 a share, and Melvin will have to pay every cent. My dad has been complaining how hard it is to use Scwabb this week because of overload. He's been unable to complete trades.... Many people will be holding $1000 shares of GME and will be unable to sell before the stock tanks. Nobody will come along to buy them. Reddit is pushing the GME propaganda hard, saying that they intend to push the stock long term to build the company.
To a lot of people with one or 2 shares it isn't about the money but principle. Stop being so fixated on $$$$ this is an ideological not a financial battle
The hedge funds are backed by the DTCC which is backed by the Federal Reserve, the SEC, the US Treasury, and Congress. The people are backed by no one.
I dont know that they have dumped the entirety of their positions, that can take time.
It's different for options vs shorts. With options they can just roll them out into the future and do all kinds of complex shit to try and mitigate the disaster.
With shorts, they've basically borrowed shares on credit and sold them say at market value of $20, expecting the stock price to continue to decrease over time, at which time, the expiration time occurs, they would buy back the shares at a lower price and pocket the difference...say $5 if the stock price had dropped to $15. But since they are borrowing shares on credit, the potential upside loss can be infinite...when you own a share of stock, the most you can lose is the value of that share. When you are short on stock, you can owe the brokerage or clearing house potentially infinite money...there is no cap to the upside loss potential. So...what happens in tje real world is, you are extended a certain line of credit to do such transactions...and when the trade starts going against you...the brokerage or bank or clearing house or whatever issues a margin call....like...if you want to keep this trade open you need to pony up enough cash to know we are gonna get our money back and not get screwed as the trade keeps going in the wromg direction....and if you cant make your margin call...the trade gets closed out and you lose big league and it feels like you got a metal pineapple rammed up your ass...
But beyond getting margin called out...these traders all would have stop loss orders in to automatically gtfo of a trade going in the wrong direction as part of their risk management strategies....
And anyway....the fact that the price went up bt 1000% the last few days shows you, they were all heading for the exit as fast as they could tp.cover their positions, but there werent enough shares available or anyone willing to sell...which drove the price up like a rocket ship...
This is my understanding of it all and if there are finer points I missed, please some advanced street pede correct me...
Lol...my word. People can do whatever they want. I never told people to sell. I said, I'd be selling to lock in my profits. Based on how short squeezing works...its inherently a swing trade.
I dont care what anyone does with their money. I was just talking about how short squeezes work.
Feel free to do whatever you want to do. But dont call me a dumbfuck. Go take a deep breath.
I dont know how far it keeps going up or how long. All I know is I'd be cashing out and taking my profits now or at least locking in a fair chunk of them.
Any woman decrying the obliteration of an oppressive system is irrelevant to the greater good. Fuck her. Know how to farm? No? I'll teach you. You're welcome, you can now avoid the degenerate Charybdis vs Scylla conundrum.
The system is designed in such a way to confound any way that is trying to make sense of it. Break it.
Break it until it's a cascade of shimmering glass.
You can only do so much harm to billionaires. And it's been done. No sense in not taking your profit while you can. It's a win-win.
People are saying they'll hold until the end, which means some people are buying in right now at insane prices and plan to hold till the stock falls back down to where it started, which means they miss out on some massive profit just to "stick it to the man" long after he's been stuck and moved on already.
Set your stop-losses so you exit with a nice profit.
I'm thinking of people I saw on Reddit talking about how they invested their savings, (sometimes just purchasing a fraction of one stock, and some investing a thousand or two) and they're sitting on a profit, but are willing to lose it all.
That is, assuming they're telling the truth. It is the internet, after all.
I doubt many of the plebs were made millionaires by it unless they leveraged a significant portion of their funds into it. To be a millionaire at current price you'd have had to invest $32,000. I can see.a handful tossing that much money at it but that was a wild bet to risk that much on. Most people piled on after it closed in on $100.
Around $50 for me... But there are many others that were in below $20, and even ten. A few got it below $3 when this all first started. Melvin was trying to BK Gamestop to take them over, which seems to be thier operating MO.
Yea except by the time the stock has zommed up 1000%, they've already paid. They've paid out the ass to cover their short positions. Since there was such a massive short interest and so little float, as they attempted to cover their large short positions, there is basically zero supply except at retardedly high prices.
Anyway, by now, they have likely dumped their positions and covered their shorts....its probably mostly retail investors and others who are long on the stock now holding insanely, insanely, insanely overvauled shares.
The hedge funds took it on the chin hard...having to get our at really terrible prices...
The price is going to collapse down as quickly as it zoomed up. Now is the time.to cash the hell out. Actually, this morning would have been the time to do it.
It's all over now and its going to come screaming down fast.
Imagine you got in on the beginning of this crazy short squeeze? Droppes $10k into it...and got out this morning....you'd be up to $100k.
Don't know if there were options trades going on, too, bur anyone who bought high premium calls when the inderlying was at $20 and cashed out today could have made like 300-500x their money I'm guessing...woops...the wall street traders got stomped in the nuts hard.
The short calls on Gamestop are going to expire on Friday, so the hedge funds will have to pony up then. Read the thread on WSB and it said it will take them a few days to cash out so the price will crash quickly on Wednesday of next week about. Going to be interesting if it doesn't crash the market along with it.
And if it doesnt..Commie Joe will do just fine by the summer on his own....
In less than 48 hours, the Democrats/Obamunists largest financial backers could be BANKRUPT, if this holds. Not just bankrupt, but utterly destitute and homeless..... Steve Cohen, one of Obama's biggest financiers, did not give Melvin a BILLION DOLLARS last night out of the goodness of his heart, he did it to try and prevent the Entire Democrat/-connected Ponzi scheme from collapsing, and taking his own money with it.
It will take Melvin 5-6 days to settle their shorts. The stock will continue to rise, perhaps as high as $1000 a share, and Melvin will have to pay every cent. My dad has been complaining how hard it is to use Scwabb this week because of overload. He's been unable to complete trades.... Many people will be holding $1000 shares of GME and will be unable to sell before the stock tanks. Nobody will come along to buy them. Reddit is pushing the GME propaganda hard, saying that they intend to push the stock long term to build the company.
To a lot of people with one or 2 shares it isn't about the money but principle. Stop being so fixated on $$$$ this is an ideological not a financial battle
The hedge funds are backed by the DTCC which is backed by the Federal Reserve, the SEC, the US Treasury, and Congress. The people are backed by no one.
I bought one share. I think I can afford to ride it out.
How do you know they have dumped their positions?
I dont know that they have dumped the entirety of their positions, that can take time.
It's different for options vs shorts. With options they can just roll them out into the future and do all kinds of complex shit to try and mitigate the disaster.
With shorts, they've basically borrowed shares on credit and sold them say at market value of $20, expecting the stock price to continue to decrease over time, at which time, the expiration time occurs, they would buy back the shares at a lower price and pocket the difference...say $5 if the stock price had dropped to $15. But since they are borrowing shares on credit, the potential upside loss can be infinite...when you own a share of stock, the most you can lose is the value of that share. When you are short on stock, you can owe the brokerage or clearing house potentially infinite money...there is no cap to the upside loss potential. So...what happens in tje real world is, you are extended a certain line of credit to do such transactions...and when the trade starts going against you...the brokerage or bank or clearing house or whatever issues a margin call....like...if you want to keep this trade open you need to pony up enough cash to know we are gonna get our money back and not get screwed as the trade keeps going in the wromg direction....and if you cant make your margin call...the trade gets closed out and you lose big league and it feels like you got a metal pineapple rammed up your ass...
But beyond getting margin called out...these traders all would have stop loss orders in to automatically gtfo of a trade going in the wrong direction as part of their risk management strategies....
And anyway....the fact that the price went up bt 1000% the last few days shows you, they were all heading for the exit as fast as they could tp.cover their positions, but there werent enough shares available or anyone willing to sell...which drove the price up like a rocket ship...
This is my understanding of it all and if there are finer points I missed, please some advanced street pede correct me...
“ I dont know that they have dumped the entirety of their positions” Then maybe you should STFU and quit telling people to sell dumbfuck
Lol...my word. People can do whatever they want. I never told people to sell. I said, I'd be selling to lock in my profits. Based on how short squeezing works...its inherently a swing trade.
I dont care what anyone does with their money. I was just talking about how short squeezes work.
Feel free to do whatever you want to do. But dont call me a dumbfuck. Go take a deep breath.
You are trash
So you're saying during the squeeze they've alredy manage to rebuy 140% of the stocks?
I dont know how far it keeps going up or how long. All I know is I'd be cashing out and taking my profits now or at least locking in a fair chunk of them.
Yeah cause you are a retard
Billionaires get 100 times more head than millionaires.
It's all about the Tres Commas.
Any woman decrying the obliteration of an oppressive system is irrelevant to the greater good. Fuck her. Know how to farm? No? I'll teach you. You're welcome, you can now avoid the degenerate Charybdis vs Scylla conundrum.
The system is designed in such a way to confound any way that is trying to make sense of it. Break it.
Break it until it's a cascade of shimmering glass.
You can only do so much harm to billionaires. And it's been done. No sense in not taking your profit while you can. It's a win-win.
People are saying they'll hold until the end, which means some people are buying in right now at insane prices and plan to hold till the stock falls back down to where it started, which means they miss out on some massive profit just to "stick it to the man" long after he's been stuck and moved on already.
Set your stop-losses so you exit with a nice profit.
Most of the people invested in these stocks have portfolios in the 4 digit range. Enough people dont stand to lose or gain enough to care, id say.
I'm thinking of people I saw on Reddit talking about how they invested their savings, (sometimes just purchasing a fraction of one stock, and some investing a thousand or two) and they're sitting on a profit, but are willing to lose it all.
That is, assuming they're telling the truth. It is the internet, after all.
I doubt many of the plebs were made millionaires by it unless they leveraged a significant portion of their funds into it. To be a millionaire at current price you'd have had to invest $32,000. I can see.a handful tossing that much money at it but that was a wild bet to risk that much on. Most people piled on after it closed in on $100.
At least in my ass assumptions.
Around $50 for me... But there are many others that were in below $20, and even ten. A few got it below $3 when this all first started. Melvin was trying to BK Gamestop to take them over, which seems to be thier operating MO.
I'm actually a little angry at myself, because I nearly considered it a YOLO stock in the middle of December when it was about/under $2 a share.
You are a piece of filth, garbage, trash. Rot in hell where you belong