I predict this gamestop thing will be the lefty anti-wall street version of q. many will be left holding the bag with their diamond hands as those more knowledgeable about the market sell. it may not be this week or next week but soon there will be an hour with no volume or much movement and the dumping will begin.
Why? There's no reason to dump. The short sellers are on the hook for more shares than are even tradeable on the market. They can't close their positions even if we let them buy, and we won't. Supply is extremely short. We can drive the price up to any level we want, and they're totally fucked. The shorts are facing infinite risk, a loss not just of all their collateral, but legal claims against anything else they own. For this privileged position, they're paying tremendous interest on the value of their borrowed shares. Lastly, I haven't risked anything I can't afford to lose, and neither have most of us long positions. Why would we sell at such an opportune moment? ;)
All I need to do is wait. Time is very much on the side of the squeezers.
Dude.
You realize that hedge fund loans come due end of day the last friday of the month right?
What's today?
So after today on Monday people will start to sell off GameStop?
yes
Price was mostly flat today. Still abnormally high, but I did not notice a spike for shorts being closed.
HODL
Hodor
Hold until the shorts stop, it may take months.
I’m dying with that in my portfolio. I want to go back and look at it years from now and get a chuckle from it.
I predict this gamestop thing will be the lefty anti-wall street version of q. many will be left holding the bag with their diamond hands as those more knowledgeable about the market sell. it may not be this week or next week but soon there will be an hour with no volume or much movement and the dumping will begin.
Why? There's no reason to dump. The short sellers are on the hook for more shares than are even tradeable on the market. They can't close their positions even if we let them buy, and we won't. Supply is extremely short. We can drive the price up to any level we want, and they're totally fucked. The shorts are facing infinite risk, a loss not just of all their collateral, but legal claims against anything else they own. For this privileged position, they're paying tremendous interest on the value of their borrowed shares. Lastly, I haven't risked anything I can't afford to lose, and neither have most of us long positions. Why would we sell at such an opportune moment? ;)
All I need to do is wait. Time is very much on the side of the squeezers.