THEY ARE crashing GME right now and scaring people to sell. If everyone holds until friday or next week we all make money off the hedges. Disclaimer I'm a retard and may be wrong.
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THEY ARE crashing GME right now and scaring people to sell. If everyone holds until friday or next week we all make money off the hedges. Disclaimer I'm a retard and may be wrong.
How does this work? Does this imply that someone(s) is dumping a shitload of stock to drive the price down and cause panic with people who bought GME?
I dont know the details because I'm not a hedge fund. But they shorted 140% of the stock and the due date is friday to pay it back..... so everyone holding will cause a squeeze for them to buy at any price or pay huge interested rates because they bought the shorts naked... meaning on loan. Now all the platforms are preventing people from buying GME only selling it. Honesting thing the drop right now is fake in order to scare people into selling. But people like me o ly got 500 into it just hold and if u lose it's what ever. But if no one in retail can buy it's only hedges and corps buying right now so dont sell