"Sir, there appears to be a coup in Myanmar."

"What? There's a coot in my Aunt Marge? That bastard. I'll take him out behind the gym and do to him what we did to cornpop."

Likely a 1-off, in terms of scale, for probably at least a decade. It was a giant shitstorm. The last major short squeeze before Gamestop happened to VW, I think, circa 2008.

Essentially, it only works if the hedge funds don't actually hedge their shorts, or do something incredibly stupid like shorting 140% of a company's existing shares.

And here I thought that was just the hole Hogg bit through it.

*Jim smiling behind open shades .gif *

Hey, it's my district. Bout fucking time this election ended.

MarketBeat was where I got those old numbers.

But WSJ has them at 8.7M shorted with a public float of 5M.

It's tough to get a gauge on it, but it seems like it's got a fairly volatile history, so that makes me think it's much less a sure thing than the GME/AMC/BB/NOK.

110%. For those interested, other ones they've targeted for future funsies apparently include AMC, BB, and NOK.

The hedges may have taken positions to guard themselves against this since then though, so we'll see.

Curiously, there's a cheap one with a similar awful ratio in XSPA, current short volume: 6.9M shares, outstanding shares:2.9M. No clue on actual DD, but I'm buying a small stake in it in the morning, because it's cheap, so why not gamble with $50 and a dream.

You might even say it's a

Puts on sunglasses

dot win

AWWWWWW YEAAAAAAAAAAAAAAAAAHHHHHHHH

Dude may be a traitor and a rat, but even a broken clock.

I seem to remember a certain GEOTUS promising us that the best was yet to come...

This seems like the beginnings of a financial French Revolution.

And as someone who owned a couple of GME shares since early last year, expecting a mild jump from the new console sales that didn't really happen, thanks Reddit autists for helping me pay some bills.

So essentially, a whole bunch of big hedge fund companies bet on GME to fail. They did what's called a short. What this essentially is, is I'm going to borrow your share and sell it at the current price, and I guarantee to return it to you by date X. If the price goes down, I make the difference between the sell price and the price I have to buy it to give it back to you. However, if the price goes up, I eat the loss. Well, there were a whole lot of short sell orders out for GME that were about to come due. A WHOLE lot. Like nearly or possible more shorts than stocks that existed lots. And some people noticed it. And since the companies have to buy back the stock to give it back to the people who they borrowed from, if they can drive up the price by buying it all up and demanding a higher price to sell it back, well, they make the money and the hedge funds have to bite the bullet. The bigger ones will lose a shitload of money. The smaller ones may bankrupt and have to close.

So essentially, a whole bunch of big hedge fund companies bet on GME to fail. They did what's called a short. What this essentially is, is I'm going to borrow your share and sell it at the current price, and I guarantee to return it to you by date X. If the price goes down, I make the difference between the sell price and the price I have to buy it to give it back to you. However, if the price goes up, I eat the loss. Well, there were a whole lot of short sell orders out for GME that were about to come due. A WHOLE lot. Like nearly or possible more shorts than stocks that existed lots. And some people noticed it. And since the companies have to buy back the stock to give it back to the people who they borrowed from, if they can drive up the price by buying it all up and demanding a higher price to sell it back, well, they make the money and the hedge funds have to bite the bullet. The bigger ones will lose a shitload of money. The smaller ones may bankrupt and have to close. This stuff alone deserves a wallstreetbets.win, because you know they'll be coming for them. u/Doggos should consider reaching out to them, because we know the banhammer is coming.

I'd love to see this get recycled and repeated, but I'm sure there'll be 'reform' to prevent it from ever happening again.

Be Me

Buy 5 shares of GME early last year expecting a small, few dollar spike when the new consoles drop.

Doesn't happen.

Oh_Well.jpg

Wake up this morning. Check my stock portfolio.

Oh. Well, alrighty then.

Hit 'Sell' and make myself a cup of tea to calm my jittery nerves.

I'm not sure I am. I consider RINOs dems as well. And from what I understand, RINOs also are pretty fond of diddling kids.

And people wonder why there's a segment of the internet believes the Dems are part of a secret pedophile cabal.

Le Robber Barons: Wait. We can do that? Yeah. Let's do that.

That's why I will always refer to him Chairman Xiden, not President Xiden.

Chairmen are installed, Presidents are elected.

Wash. Free Beacon is keeping track:

https://freebeacon.com/coronavirus/biden-covid-death-tracker/

Nope, full on commie.

Drank the climate doomer kool-aid, but is anti-nuclear energy.

Campaigned on gov't takeover of healthcare

Pro gun confiscation.

She's scum like the rest of the Democrats.

Isn't having a whole bunch of actions taking with ulterior motives (in this case political) by multiple coordinating groups EXACTLY what a conspiracy is?

Check the stickies.

Right there with ya. If you think taking money out of my pocket and food off my table is acceptable to fund your delusional white messiah complex, you believe theft is morally justifiable. And if that's the case, I certainly wouldn't trust you in my home. And if I can't trust you in my home, I certainly don't feel a need to keep you in my life.

Divested myself of some of the same that I've known for over a decade last week. Bummer, but we've reached a point where our values are no longer compatible, or rather, their new values have come to light

Cross reference names and addresses on resume with FEC donations database.