posted ago by ExpatAssassin
+7 / -0
Just watch how high Gamestop shares will go. KABOOM to the Hedge Fund Managers!
Just watch how high Gamestop shares will go. KABOOM to the Hedge Fund Managers!
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Just watch how high Gamestop shares will go. KABOOM to the Hedge Fund Managers!
That is actually the biggest issue: 140% of game stock is needed by the clearing house for the short positions and they haven't been resolved yet. The hope is that they can get repeated calls to resolve it, but since so much holding is going on, volume is tight for closing positions. And since, it gets bought out so fast, this type of activity will go into next week.
You nailed it, it's like a securities lending huge bubble or ponzi scheme. I used to work in London's security lending industry. This could GO crazy:-)
There're four ways, come Monday, this goes from my analysis:
Once the short positions are close to being closed out that's the trigger. It has a long way to go yet. I'd go with you 2nd option.
Quite clearly this story is going to get even more FUN :-)
Billionaires are playing too.
On a side note. I hope GameStop takes advantage of this situation and makes a real play at revamping there services
Agree :-) that would ADD to the fun BIGLY :-)