That's the biggest tell. Bipartisan support would bolster the chances of a change actually happening. Shunting that means she doesn't want that support...
She complained about the Omnibus spending bill to garner support from the people. Then proceeded to push it through despite disparaging it for being bloated and interfering with the stimulus check. She is a typical politician that says whatever her flock of sheep desire.
Its the only thing they can do in their situation. Its called buying the dip (or in this case, shorting the peak) to average down. If they own shorts at $10/share and $300/share, they can average out and get clear at $155/share.
Of course if it gets driven back up over $300 (around where this madness started) they will be double-fucked.
Based on Current Market Volume The Short Sellers who thought GameStop was going to go bankrupt anytime soon, have promised to buy so many shares at a lower price (almost 200 million shares) are now facing the possibility that it will take them almost 6 days to buy back those shares at current market volume.
In other words, THEY ARE F*CKED!!! They took the wrong bet and massively took the wrong bet,
AND on top of that, just last night and this morning took an even larger bet (doubled down) that they will be right GameStop will go Bankrupt in the coming days or weeks.
Insiders and Bankers get 30 Million Shares to Hold (keep the company Financed)
The Other Shares will be offered to Public to trade/Invest - 70 Million Shares.
Short Sellers have borrowed (promise to buy the shares back at a lower price at a future time) they promised to buy back 150% of the float - or over 200 Million Shares - because they were betting on getting paid when the company went bankrupt at a lower price (like .25 per share if GME goes bankrupt - so they borrowed started short selling at $5 to $25 per share and hope to buy them back at .25 per share if GME went that low - that is Billions of dollars to be made.
Some smart people saw that and said wait a second, these guys arent going bankrupt anytime soon, ill take the long side of that trade and buy 70 million shares to force the short sellers to Cover/buy back their position at a higher price. Now there are very few shares to be bought on the open market and that drives the price per share up (supply and demand)
Additionally, Short Sellers usually pay interest on those borrowed shares so the longer they cant buy those shares back at a lower price the more expensive it gets for them to hold their position.
This is where we are at right now, the shorts who said at $10 this could go to $1 are now looking at $250 per share to buy back those shares, we are talking BILLIONS of Dollars Hedge Funds and Market Makers are about to Lose because they thought GME was going to go bankrupt and make a killing on GameStops eventual Death.
In the energy markets, you can buy and sell energy that doesn't exist! You can literally sell energy without owning a generator and buy energy with no load to send it to. It's purely a financial transaction that supposedly helps with market optimization.
It’s not 250% of the shares that exist, it’s 250% of the shares available for trading. There are restricted shares of the company that exist. As you can see in the chart 97% of the total worth of the company is shorted. Theoretically what will happen is shareholders will get to set the price for the buyback tomorrow.
The bigger joke is the fact that people think congress will do anything to hold these people accountable.
Congress doesn't give a shit about the little guy.
They have AOC and Talib tweeting as if they are outraged it is all theater.
ALL theater. That dumb bitch is calling for another "hearing" gtfo
That's the biggest tell. Bipartisan support would bolster the chances of a change actually happening. Shunting that means she doesn't want that support...
AOC is not a woman of honor.
She complained about the Omnibus spending bill to garner support from the people. Then proceeded to push it through despite disparaging it for being bloated and interfering with the stimulus check. She is a typical politician that says whatever her flock of sheep desire.
Enjoy the show.
250%?!
How the fuck?! Sounds like they resurrected Babbages and Software Etc. just to short more stock. I sincerely hope this blows up in their faces. HOLD!
Its the only thing they can do in their situation. Its called buying the dip (or in this case, shorting the peak) to average down. If they own shorts at $10/share and $300/share, they can average out and get clear at $155/share.
Of course if it gets driven back up over $300 (around where this madness started) they will be double-fucked.
HO - LEE - FUK!
Sum Ting Wong!
After hours trading up 61% to $312. lols.
Babbages. Don’t forget CompUSA Hahaha right in the feelz
That’s probably next in the necromancy circle when they need to short over 300%. kek
Circuit City, rise from your gwave!
Obligatory Funcoland mention.
6 days to cover, HOLD!
Please explain for layman? Thx!
Based on Current Market Volume The Short Sellers who thought GameStop was going to go bankrupt anytime soon, have promised to buy so many shares at a lower price (almost 200 million shares) are now facing the possibility that it will take them almost 6 days to buy back those shares at current market volume.
In other words, THEY ARE F*CKED!!! They took the wrong bet and massively took the wrong bet,
AND on top of that, just last night and this morning took an even larger bet (doubled down) that they will be right GameStop will go Bankrupt in the coming days or weeks.
AWESOME! So I should buy some $GME stock then tomorrow morning on open?
I never traded stock before, total newb here. I invest soley in Crypto and metals.
When do I sell? THANKS!!!!
Buy ASAP
Sell when this battle is won
So another week should see this fever frenzy finished? I can’t imagine they would triple down, they don’t have the money.
I figured something fucky would happen, and converted my entire 401k to bonds on 1/20.
Still waiting for the floor to drop out of the rest of the market, but even if that doesnt happen, I can switch it back in a month.
Wait until they find out the SEC is not only in on it, but the head of the SEC is who ordered it to be done lol
Justin a bit of a communist faggot though, just saying...
They are so delusional believing that Pocahontas, Tlaib, and AOC are actually on their side.
Company A has 100 Million Shares
Insiders and Bankers get 30 Million Shares to Hold (keep the company Financed)
The Other Shares will be offered to Public to trade/Invest - 70 Million Shares.
Short Sellers have borrowed (promise to buy the shares back at a lower price at a future time) they promised to buy back 150% of the float - or over 200 Million Shares - because they were betting on getting paid when the company went bankrupt at a lower price (like .25 per share if GME goes bankrupt - so they borrowed started short selling at $5 to $25 per share and hope to buy them back at .25 per share if GME went that low - that is Billions of dollars to be made.
Some smart people saw that and said wait a second, these guys arent going bankrupt anytime soon, ill take the long side of that trade and buy 70 million shares to force the short sellers to Cover/buy back their position at a higher price. Now there are very few shares to be bought on the open market and that drives the price per share up (supply and demand)
Additionally, Short Sellers usually pay interest on those borrowed shares so the longer they cant buy those shares back at a lower price the more expensive it gets for them to hold their position.
This is where we are at right now, the shorts who said at $10 this could go to $1 are now looking at $250 per share to buy back those shares, we are talking BILLIONS of Dollars Hedge Funds and Market Makers are about to Lose because they thought GME was going to go bankrupt and make a killing on GameStops eventual Death.
This is both a glorious event for the people and a delicious delivery of medicine to the elite.
As I understand it, 250% of the shares that exist.
Yes. Selling 2.5x of what physically exists.
Only on Wall Street... Sell what doesn't exist, fuck everyone, profit!
In the energy markets, you can buy and sell energy that doesn't exist! You can literally sell energy without owning a generator and buy energy with no load to send it to. It's purely a financial transaction that supposedly helps with market optimization.
GME now needs to go above 347 and HOLD for 6 days for them to stay lost.
It’s not 250% of the shares that exist, it’s 250% of the shares available for trading. There are restricted shares of the company that exist. As you can see in the chart 97% of the total worth of the company is shorted. Theoretically what will happen is shareholders will get to set the price for the buyback tomorrow.
ben should be in jail fuck the robinhood croneys.
Congressional hearing, SEC ... LOLLLLLLLL
LOCK 'EM UP
Remember when Leman Bros shreaded everything in 2008 while the SEC and Feds did nothing...