The feeling is mutual. It doesn't matter that it was 30 days ago. The fact that it was >100% means that somebody was more than likely committing securities fraud. Someone was double dipping and they cannot all be covered. Sure, there's a possibility they were able to negotiate an end to some of those contracts but they would never have been able to be completely covered. It's even worse because a good chunk of the shares are owned by passive etfs and therefore not available. |
You are taking away the wrong insult from the QAnon comparison. These people are not disloyal to America. They are stupid. They are following some internet pied piper into a ponzi scheme, and they have no idea what the end game is. I bet the pied piper does. I bet the early participants who have everyone fired up to stick it to the hedge funds are taking money off the table every day. But what's the endgame for the guy who jumped into this thing at $100 or $200? He's here, now what? Just like that big dummy with the face paint and the horns, on top of the dais looking around with no idea what comes next. |
Sigh. It can happen. Legally. And the positions can be unwound. Here it is in plain simple English. https://www.fool.com/investing/2021/01/28/yes-a-st...short-interest-over-100-heres/ |
They all know what comes next. You're the one who doesn't know. |
The end game is sinking hedge funds. They’ve already won, funds are reporting losses of 5B already. That’s the end game, why don’t you believe people who are telling you what their motivations are. You’re calling me stupid because you think I’ve been fooled into losing my money. But I don’t care about the money. I care about sticking it to the hedge funds. I care about keeping this going through the weekend and the next deadline for short positions. Who gives an eff if the pied piper made millions, he’s a dad in Massachusetts who lives in a 600k house. If he makes millions then great! Good for him! He made millions and we were all part of a historical moment in exposing Wall Street corruption. I am happy to pay this price. I’m not being fooled, many people here are going in eyes wide open. |
Of course I know! A bunch of average joes are going to lose a ton of money. And next, the Redditors will convince them that they were *THIS CLOSE* to pulling it off, but you know what? The global banking conspiracy was even deeper than they thought! E*Trade was in on it, {insert institutions of your choice here} all had a vested interest in keeping the system the same. And by doing so, the scammers will run the same grift again. They'll change up some details, like Season 2. |
QAnoners thought they were taking down a satanic pedophile sex ring. I didn't see them capture any pedophile sex rings. I did see them take over a Capitol building. Almost as if Q used the sex ring idea to motivate them to do a bad thing. Some hedge funds lost $5B. Some other hedge funds made $3.5B All of them are still standing. But some innocent people will probably get hurt. There are people on the reddit talking about how this money is going to change their lives. That means they probably invested money they can't afford to lose. |
They know they’re going to lose! You literally cannot conceive of the motivation they have, it like is not computing in your head. And the institutions WERE in on it! They did it in broad daylight and the entire financial news sector is talking about it. Robinhood is likely DOA, certainly not going public soon as planned. You are blinded by your knowledge of other bad actors. You do not understand the motivations here. |
Hedge funds are hurting this week. And the publicity is hurting even more in the long run. Way more people understand shorts than did 48 hours ago. And wayyyyyy more people can understand that what Robinhood and others did today is wrong. Qanon didn’t take down a sex ring because it didn’t exist. Hedge funds DO push companies into bankruptcy to make $$$$ on shorts. They tried to do that to GameStop. They failed because a group of amateur investors created a squeeze. Some of those amateurs will lose and some will win big. The hedge funds have lost. Lot and at least one is probably out of business. These are real facts. Equating it to a literal conspiracy theory wheee an entirely innocent pizza company was violently assaulted in an event that resulted in no results has nothing in common with this. |
You might want to re-read that. That article explains how it can occur and how people can have legal naked shorts. Those are two separate issues. As the article states, short seller may borrow shares and that those underlying borrow shares may be bought and then lent out again. But what's missing is that the lenders cant lend out something they no longer have an interest in. That's fraud. Now normally it's not a big deal. People take their wins or losses and pay up. No harm no foul. Internet streaming or speeding as it were. This time however it is different. The loser doesn't want to pay. This means we have to look at it. Moreover, this should have all been managed on the way up by margin and risk mitigation obligations. Why did those brakes not occur? Were corners cut or improper grace periods given? Lastly, once they got caught with their pants down how did they get out of it today? Every professional trader knew what had happened, what possible incentive would they have to sell? Was their collusion and did anybody breach their fiduciary duty? |
No, to understand the motivations I can read the reddit. And there are a variety of motivations expressed there, as well as a wide range of investing knowledge. |
This started at reddit but it's bigger than that now. Elon Musk? Not reddit.
Expand your horizons. |
And QAnon had its Michael Flynn. |
Quit it with the comparison to seditionists and traitors. It's not cute. |
Not the same as a voter. They expect you to vote and they don't expect any change to result. But she changed something. She introduced a new risk. It will be harder for short sellers going forward. It happened once, it can happen again. |