"It's not guaranteed to" is establishment speak for "We'll rig it so that it does not happen". I have a strong feeling it will not tomorrow. Hope I'm wrong though.
It's likely to end soon. The longer they keep it open knowing that the other side is pumping, the more money they will lose. They should have closed all their contracts days ago. One of the hedge funds is rumored to be declaring bankruptcy either today or Monday. They can pull the plug and leave late "investors" holding the bag for other "investors".
They just need to give up on this one and it will drop like a rock.
Lol I thought these fuckers said there was a contractual obligation to cover the short stocks by end of business Friday. Now the game is extended indefinitely?
When you short you have a date, that's how it works. You take a loan basically on a quantity of stocks and must pay back that quantity on the maturity date.
There’s no rule saying shorting stock shares has “a date.” Options contracts have contract expiration dates.
Shorting isn’t a contract. It is margin trading, which is done at the discretion of your broker-dealer.
If you risked 5% of your account balance shorting GameStop starting at $5/share, and all of a sudden it is $350/share, your little 5% play now costs 3.5x your entire account balance to close out. Which of course you don’t have.
Broker-dealers won’t allow that, and they issue a margin call to prevent risky trades from blowing holes in their pockets.
The funds are sweating because they are facing billions in liabilities and are being bailed out by other funds to ride this out without having to be shut down by a margin call.
That is the “squeeze.”
And my guess is that, since brokers are shorting more shares than exist (that’s legal?!), they are facing margin calls that can’t get paid off and the broker-dealers stand to lose serious money as well. Hence all these platforms banded together to stop buying. Puts sales pressure on the back burner, driving prices down and they get to self-deal their way out of worse losses.
We've reached the point that paying the fines for lying to the SEC about their short position obligations is far cheaper than paying out right now. That's why it might extend.
I am a retard with a stock trading app (like many retards, I use Robinhood, but I need to look for others)
Now, if a knuckle dragging ape 🦍 like me was mad at these billionaires, I would need to ask how much am I willing to spend to fuck them over, and what fucks them over the most?
Right now, big evil hedge fund has promised to buy 140% of GameStop stock sometime between the end of today and next week and has written it out on contract. So as of this very moment, before noon on January 29th, 2021, I can really twist their balls if I am willing to burn $330 USD (reminder, Canadians can also trade GME) and buy a single piece of stock so big evil hedgefund cannot fulfill their contract.
If Robinhood allowed for fractional stock on GME, i could just pay $1 to buy a piece of stock that they cannot have, but alas, they stopped that yesterday for GME, but for other apps I cannot say
If I wanted to try and bend over big evil hedge fund another, cheaper, way, I could try and squeeze (buy some of the stocks they shorted so they can’t have it/pay a higher price for it) the other stocks they are panicking about: AMC, BB, BBY, NOK, etc. Unfortunately, this isn’t a guarantee that they will get reamed, and this Also doesn’t allow for fractional (but still much cheaper at $15, 16, 38, 5 respectively as of now)
After the GME debacle, many are going to try and squeeze silver. This includes trying to buy AG, SLV, PSLV, SLVP, etc. (PSLV isn’t showing up on Robinhood so that’s quite interesting)
Interesting to note is that RIGHT NOW you can buy these stocks on Robinhood at a fractional rate, meaning for Just one dollar you can help get in on the squeeze before they start SHUTTING IT DOWN. Maybe it will work? Maybe it won’t? But for $1 it’s easy to get in on it.
Now some may say this is malicious, which is why I only get these because I like the stocks. I had a crush on a friend of mine when she used to work at GameStop a long time ago so I get warm fuzzies when I look at it. I buy Nokia because my grandma has one. I buy into silver because I like shiny things. And maybe the same is for you
But if someone wants to do things because they are mad, $330 right now would definitely twist some testicles, around $20 might get some results.
Just ONE DOLLAR has all sorts of potential in the next few weeks, and if nothing happens; oh well it’s just a dollar
Shorts are traded on a margin account and accounts are corrected daily. If you drop to your margin, you have to put enough money in to satisfy your initial value. If you cannot do so, you lose it.
I think the hope was that the brokerage houses would send some end-of-week margin calls to these hedge funds that just accrued billions in unexpected margin debt as the house is responsible for debt the funds can't cover. Given hedge funds are usually heavily leveraged to begin with, this may be problematic for funds that don't have access to billions from outside resources.
Shorts NEVER expire. Who says the have to buy now, or next week, or this year? Why don't they just wait until after the frenzy ends? Inevitably the bubble will burst as folks will want to take profit. It can all come crashing down.
"It's not guaranteed to" is establishment speak for "We'll rig it so that it does not happen". I have a strong feeling it will not tomorrow. Hope I'm wrong though.
It's likely to end soon. The longer they keep it open knowing that the other side is pumping, the more money they will lose. They should have closed all their contracts days ago. One of the hedge funds is rumored to be declaring bankruptcy either today or Monday. They can pull the plug and leave late "investors" holding the bag for other "investors".
They just need to give up on this one and it will drop like a rock.
the interest is pulling a barbed wire through their cheeks and soaking it in lemon juice.
salt, don't forget the massive amounts of salt to go with the lemon juice.
In some peoples eyes, their goal is to leave the hedge funds holding the bag.
I just personally like the Stock.
Once they realize their losses, it's a long way down for some of those left behind.
For those hedge funds sure
Lol I thought these fuckers said there was a contractual obligation to cover the short stocks by end of business Friday. Now the game is extended indefinitely?
Sounding gay
When you short you have a date, that's how it works. You take a loan basically on a quantity of stocks and must pay back that quantity on the maturity date.
There’s no rule saying shorting stock shares has “a date.” Options contracts have contract expiration dates.
Shorting isn’t a contract. It is margin trading, which is done at the discretion of your broker-dealer.
If you risked 5% of your account balance shorting GameStop starting at $5/share, and all of a sudden it is $350/share, your little 5% play now costs 3.5x your entire account balance to close out. Which of course you don’t have.
Broker-dealers won’t allow that, and they issue a margin call to prevent risky trades from blowing holes in their pockets.
The funds are sweating because they are facing billions in liabilities and are being bailed out by other funds to ride this out without having to be shut down by a margin call.
That is the “squeeze.”
And my guess is that, since brokers are shorting more shares than exist (that’s legal?!), they are facing margin calls that can’t get paid off and the broker-dealers stand to lose serious money as well. Hence all these platforms banded together to stop buying. Puts sales pressure on the back burner, driving prices down and they get to self-deal their way out of worse losses.
What if they negotiate to extend their obligation?
We've reached the point that paying the fines for lying to the SEC about their short position obligations is far cheaper than paying out right now. That's why it might extend.
That sounds likr what they are attempting. $20+ Billion lost vs $100M fine or a quick "bankruptcy."
Regardless, they'll just rebrandl and be back in the game in 6 months time.
I see
Coming from the same people that keep finding ballots for weeks after an election, tell me you're not surprised.
YOU MEAN, there was a deadline, and it wasn't honored, because they decided to keep counting ?!?
HMMMMM
Get'm Stonk Pede's... MAKE'M BLEED!
DEUS SALT!
DIAMOND HANDS BOIS
Is this a bigger fuck you to the world than Trumps 2016 win?
Maybe, depends on how today and Monday goes
How can I contribute. Keep in mind my knowledge of stocks is about the same as AOC's.
First things first, I’m not an advisor
I am a retard with a stock trading app (like many retards, I use Robinhood, but I need to look for others)
Now, if a knuckle dragging ape 🦍 like me was mad at these billionaires, I would need to ask how much am I willing to spend to fuck them over, and what fucks them over the most?
Right now, big evil hedge fund has promised to buy 140% of GameStop stock sometime between the end of today and next week and has written it out on contract. So as of this very moment, before noon on January 29th, 2021, I can really twist their balls if I am willing to burn $330 USD (reminder, Canadians can also trade GME) and buy a single piece of stock so big evil hedgefund cannot fulfill their contract.
If Robinhood allowed for fractional stock on GME, i could just pay $1 to buy a piece of stock that they cannot have, but alas, they stopped that yesterday for GME, but for other apps I cannot say
If I wanted to try and bend over big evil hedge fund another, cheaper, way, I could try and squeeze (buy some of the stocks they shorted so they can’t have it/pay a higher price for it) the other stocks they are panicking about: AMC, BB, BBY, NOK, etc. Unfortunately, this isn’t a guarantee that they will get reamed, and this Also doesn’t allow for fractional (but still much cheaper at $15, 16, 38, 5 respectively as of now)
After the GME debacle, many are going to try and squeeze silver. This includes trying to buy AG, SLV, PSLV, SLVP, etc. (PSLV isn’t showing up on Robinhood so that’s quite interesting)
Interesting to note is that RIGHT NOW you can buy these stocks on Robinhood at a fractional rate, meaning for Just one dollar you can help get in on the squeeze before they start SHUTTING IT DOWN. Maybe it will work? Maybe it won’t? But for $1 it’s easy to get in on it.
Now some may say this is malicious, which is why I only get these because I like the stocks. I had a crush on a friend of mine when she used to work at GameStop a long time ago so I get warm fuzzies when I look at it. I buy Nokia because my grandma has one. I buy into silver because I like shiny things. And maybe the same is for you
But if someone wants to do things because they are mad, $330 right now would definitely twist some testicles, around $20 might get some results. Just ONE DOLLAR has all sorts of potential in the next few weeks, and if nothing happens; oh well it’s just a dollar
Hmm, maybe I like these stocks too.
How long before that miserable twat Spez decides to nuke the subreddit?
I think the general idea is we’re holding into next week.
💎✋ boys
💎✋
But must be able to handle the loss while waiting
Shorts are traded on a margin account and accounts are corrected daily. If you drop to your margin, you have to put enough money in to satisfy your initial value. If you cannot do so, you lose it.
From wsbets subreddit:
https://www.reddit.com/r/wallstreetbets/comments/l7ixaz/-/gl72eyl
They'll get called if the price rises too high tho - ppl have been saying $500/sh gets a shitton of shorts called
it was pretty much shadow $500 yesterday easily if you see past all the manipulation and drive down games they're playing.
It went over 500 at opening yesterday.
Price is up this morning. I think people that got kicked from robinhood took their profits and went to another brokerage that isn’t restricting trades
I bought a whopping 2 shares on my IRA account at a big bank. Tbh, I think it’s a shitty stock, but I thought fuck these guys.
put a pin in it.
I think the hope was that the brokerage houses would send some end-of-week margin calls to these hedge funds that just accrued billions in unexpected margin debt as the house is responsible for debt the funds can't cover. Given hedge funds are usually heavily leveraged to begin with, this may be problematic for funds that don't have access to billions from outside resources.
HOLD. THE. LINE.
Trust the plan... got it.
Never again.
Don't trust. Do research. There's a reason it might extend out. Easier to pay the fine and lie right now than pay out the shorts
Yup.
I read that they shorted more shares (120%) than there are in the tradeable market. I don’t see how the brokerage can rectify this.
..... More than 120% of GameStop's available shares have been borrowed, down from about 140% earlier in the month
https://apple.news/AhvTWsbGKR4COTiH1bgdn0Q
We could be seeing the squeeze now. $100 higher will make ppl lose sleep this weekend.
All loans have terms, including a time limit. Otherwise it’s just free money
Call options actually do expire. So do shorts.
Short options do
Hold strong boys!
KEEP POSTING, HERE AND ON GAB AND .WIN AND OTHER SITES!
Why isn't Gamestop issuing new outstanding shares?
Sounds suspiciously like "trust the plan" when nothing is happening but I hope I am wrong.
Shorts NEVER expire. Who says the have to buy now, or next week, or this year? Why don't they just wait until after the frenzy ends? Inevitably the bubble will burst as folks will want to take profit. It can all come crashing down.