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10
swutalk 10 points ago +10 / -0

Is there a time limit on when they(Hedge Funds) have to pay the fill amount owed from shorting the stock??

10
Ivleeeg 10 points ago +11 / -1

No, there is no time limit. They can stay short as long as they want. BUT they have to pay interest on the shares they're short and that interest right now on GME is 20-80%.

The Friday deadline is for call options. Basically if the stock ends above 220 tomorrow, they will owe tens of millions of shares to investors. They already own most of the shares they need, but this transfer of shares will force the stock higher because they'll need to buy more to cover the options they have been selling this week.

3
ektojaxo 3 points ago +3 / -0

is this the same for amc?

3
Ivleeeg 3 points ago +3 / -0

The short portion, yes (it applies to all shorts). The option portion, idk. I haven't paid any attention to the AMC options.

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analysissisis 10 points ago +11 / -1

I heard Friday/tomorrow

5
swutalk 5 points ago +6 / -1

well then.. Friday should be quite interesting!!!

"INDEED MORTAMER INDEED!!!" (line from the movie trading places)

6
45orfight 6 points ago +6 / -0

TURN THOSE MACHINES ON!! TURN THOSE MACHINES OOOONNN!!

3
ProfessorOak 3 points ago +3 / -0

I also heard that they shorted again today, so they'll be in the same situation next week. You'll have to fact check me on that though. I'm no expert.

6
nutspanther 6 points ago +6 / -0

The short today effectively covered their losses in the first short.

Say I shorted for 10 shares @ $50, price shoots up to $500, I panic because I can’t pay the squeeze (10 x $450). I get bailed out and double down. I short again for 10 shares @ $500. Buying freeze occurs, stock drops to $100. I return both shorts, losing $500 on the first and making $4000 on the second. Game, Wall Street.

4
deleted 4 points ago +5 / -1
4
Scrub_Anon [S] 4 points ago +4 / -0

No clue....probably immediately or within a week. Unless their is some extention I don't know about. I do know that when they pull out, trades still happen for 5 or 6 days before they stop bleeding money. So for the Hudge fund guy to come out and say that he pulled out is a BIG FUCKING LIE!!!

2
Cunny 2 points ago +3 / -1

I believe it’s tomorrow. Was told they’re trying to get it down to $160 in order to break even-ish. Don’t quote me on it, secondhand info, but he’s pretty solid. Still learning myself. Did just buy my first stocks ever and got a friend in on it ?

5
Saltybitch 5 points ago +5 / -0

Absolutely. Interestingly enough, the bastards started sending out notifications that they were cashing people out...involuntarily. i don't know anything about the stock market but that doesn't sound legal.

4
IslamIsEvil 4 points ago +4 / -0

especially don't sell this week. typically short positions settle on friday, right?

3
Ivleeeg 3 points ago +3 / -0

At this point they're either going to eat massive losses or we force them to go full communist and start confiscating people's gains.

3
IslamIsEvil 3 points ago +3 / -0

only if we all hold for a while longer...don't sell yet!!

2
BritPedeMEGA 2 points ago +2 / -0

Basically if everyone just held the stock for 3 months that would seriously do some damage to The Elites.

Hmmm now maybe crowd chip in do $oros’ and Rockefeller and Rothchilds’ holding companies....

The power has ALWAYS been in the people’s hands, because there’s more of US than there is of THEM. 80 million patriots buying or shorting a stock at $20 a pop, is just a new way of a distributed, diffuse, attack they can’t mitigate easily.

As people around the world hear about this, mental light bulbs will be going off like crazy. Everyone taking on a little piece of the war.

2
Scrub_Anon [S] 2 points ago +2 / -0

STOP! I CAN ONLY GET SO ERECT!