Here's my two cents:
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Gamestop is a bad company - they had bad fundamentals as a company (the whole movement to internet retail, etc.), they were likely going under if nothing changed.
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Institutional Investors/Hedge Funds (Melvin Capital) make their move - saw this and decided to hasten the process and began short selling the stock, which means that they sold shares of stock that they didn't have, with the plan to buy it back at a later date at a better price (they can use some shady strategies to do this such as ladder selling, but that's too complicated for this discussion, they also profit from some options activity around the sell off)
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Gamestop is still a bad company - This is a problem for GameStop because they can't issue shares to raise some capital to keep themselves afloat, restructure, imrpove stores, etc. This increases the likelihood of bankruptcy
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Hedge Funds/Others get greedy - They shorted the stock so much that they literally sold more than then entire number of shares available (140% of available shares)
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WSB notices how crazy this is - they saw that there is an opportunity for a short squeeze if they buy and hold and the idea is promoted continually on the site for a few months
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WSB makes a move - they gained critical mass and bought the stock up enough that it gained critical mass, others likely hopped in (momentum traders etc.).
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Shorts getting squeezed - This creates huge losses for Melvin (~3B initially, not sure where it is now). They said they sold off their position, but the short interest remains strong at 140% of shares
What happens from here is anybody's guess, there have been some other things happening (Robinhood disabling trading on GME, politicians sounding off, SEC investigation, etc.). But if the WSB crowd can buy and hold enough, they will eventually cause the shorts to cover and make money because shorts have to pay interest to the brokerage on their short positions, and interest is very high (it was around 80% last time I checked, could be over 100% now).
From reading through a bunch of the posts today I'm getting this:
- There is functionality specific to .win that would be hard to recode/change
- They have a bit of a brand with other .win communities and the movement to those would take some decent lifting to get them all to xyz or space or whatever.
- The plan was always to redirect the backups to a .win site, what's unclear is why they only purchased patriots.win recently
- the backup sites are now forwarding to patriot.win, so either the backup sites were also compromised and none of this matters, or patriot.win is legit.
It's a she, and no, it's not just a picture in her wallet, the whole wallet outside is a picture of the Obamas... there was another incident where she showed me Obama giving Biden them medal of honor and she started tearing up... it's a madhouse over here.