Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The need to cover is still very much there. It is impossible that all the shorts got out.

This is the question. What is the true answer?

The original shorts mostly got out this week at huge losses. A new group of shorts bought in at these high prices betting on the collapse. The reddittors are saying that if nobody sells, the current shorts will still lose their shirts when they are forced to cover. I'm not sure if they are aware that the current shorts shorted at $300 a share, not $4.

In a game of chicken between a handful of HFs and redditors+the whole world (retail investors worldwide are getting in on this), with interest rates at zero, with lots of money and lots of time/boredom, do you really think the short sellers are going to win this?

Don't know. I've just been watching in fascination. My best guess is that they won round 1 big but now they are overplaying their hand. I think it's because they don't control as much of the float as they think they do. Most of the shares are with investment firms who have just made billions off of the redittors work. The big guys are all going to start taking their profits soon.

[Anonymous]

I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

[Anonymous]

Watch the free fall in before market trading on Monday while the amateurs are sleeping.

[Anonymous]

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does one assume that the hedge fund investors are diversified? That the he companies themselves could go under but that investors will still have plenty of money (albeit some amount less)?

Yes, they should be, but many of them are not so smart and they put too many eggs in one basket. A lot of Bernie Madoff's investors lost everything because they did that.

I would not worry about the hedge funds.

I would worry about the guy on WSB who bought $400K worth of GME at $286 and wrote "this is game changing money for me". Because when this stock drops back down to the true value of the company, he'll be wrecked because a bunch of redditors made him think this is a good idea. Diamond Hands!!!

I wouldn't worry about that redditor either. When you gamble, you take your chances.

It's not being portrayed as gambling on WSB. That's the problem. The redditors who got in early are taking advantage of the people who get in late. The ruse is that this is a crusade against the hedge funds and that if they all stick together, they can't lose. They are pretending that they are all one pool working together, when they aren't.

They did win against the HFs. They've already lost the HFs $19b on Gamestop shorts and $70b overall this year on shorts.

Nobody has won until they exit their positions and come out ahead. Gamestop isn't remotely worth its current price. Is it a $10 stock? Maybe. Is it a $20 stock, unlikely. But it is not a $300 stock. As soon as they declare victory and try to take their profits, a great many of them will lose most of what they put in.

Liar liar pants on fire. Spreading lies to attack the flies.

Gamestop was worth $300 today because demand outstripped supply. It will not be worth that on Monday because the need to cover is no longer there. Eyes were wide open

Not that I mean what is the actual company worth when the stock manipulators are done? Have you looked at their financials??

I haven't read this entire thread, but if you're the same "fundamentals" poster who keeps talking about how the Redditors are too stupid to understand that $300 is too high of a valuation for GME...just stop. You are truly embarrassing yourself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

DP. That's what a lot of them are saying. Only some of them are in it for the anger.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

DP. That's what a lot of them are saying. Only some of them are in it for the anger.

If there is another squeeze they’re likely right. But let’s be real the entire world has been explaining this is a risky AF scheme and the redditors are not denying it. They are posting memes making fun of it. There is one with a girl crying saying “sell and make us millionaires!!!” And a guy in front of her at a computer saying “HOLD THE LINE”

Honestly people getting in now who lose have been given the information they need to avoid catastrophe if they so choose. If they decide to gamble on the wave who are you to tell them they can’t?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

In the last week and a half, 700 million shares have changed hands. There is more than enough daily volume for the shorts to close out their positions and leave you holding the bag.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

DP. That's what a lot of them are saying. Only some of them are in it for the anger.

If there is another squeeze they’re likely right. But let’s be real the entire world has been explaining this is a risky AF scheme and the redditors are not denying it. They are posting memes making fun of it. There is one with a girl crying saying “sell and make us millionaires!!!” And a guy in front of her at a computer saying “HOLD THE LINE”

Honestly people getting in now who lose have been given the information they need to avoid catastrophe if they so choose. If they decide to gamble on the wave who are you to tell them they can’t?

Did I say they couldn't?

[Anonymous]

There was a billionaire on Newsmax at 7pm practically begging for the Biden administration to save the short-sellers from ruin. He described it as a standoff that is carrying into next week. In other words, all the "shorts got out" is FAKE NEWS. The hedge funds desperately need these stocks to crash to get out.

[Anonymous]

Anonymous wrote:There was a billionaire on Newsmax at 7pm practically begging for the Biden administration to save the short-sellers from ruin. He described it as a standoff that is carrying into next week. In other words, all the "shorts got out" is FAKE NEWS. The hedge funds desperately need these stocks to crash to get out.

That's okay, Biden doesn't watch Newsmax. He must be trying to reach the former President.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

In the last week and a half, 700 million shares have changed hands. There is more than enough daily volume for the shorts to close out their positions and leave you holding the bag.

If they went short at say $15/share it is impossible for them to close out at 10x or 20x without bankrupting several hedge funds and causing a cascading effect on Wall Street. The shorts can only re-trench; they are not out of these stocks. They need them to crash down to where they were a month ago to truly get out. It's a game of chicken and this could go for a while -- especially when millions of serfs on the other side don't care if they lose. They want to stick it to the vulture capitalists. And every day and week this continues costs the hedge funds big-time vigs as they're borrowing and borrowing as this game of chicken plays out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

In the last week and a half, 700 million shares have changed hands. There is more than enough daily volume for the shorts to close out their positions and leave you holding the bag.

If they went short at say $15/share it is impossible for them to close out at 10x or 20x without bankrupting several hedge funds and causing a cascading effect on Wall Street. The shorts can only re-trench; they are not out of these stocks. They need them to crash down to where they were a month ago to truly get out. It's a game of chicken and this could go for a while -- especially when millions of serfs on the other side don't care if they lose. They want to stick it to the vulture capitalists. And every day and week this continues costs the hedge funds big-time vigs as they're borrowing and borrowing as this game of chicken plays out.

They have already bankrupted several hedge funds. But this game has gone international. It's only getting started.

There's too much cheap money, too many bored and angry retail traders. This is going to rewrite Wall Street.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

In the last week and a half, 700 million shares have changed hands. There is more than enough daily volume for the shorts to close out their positions and leave you holding the bag.

If they went short at say $15/share it is impossible for them to close out at 10x or 20x without bankrupting several hedge funds and causing a cascading effect on Wall Street. The shorts can only re-trench; they are not out of these stocks. They need them to crash down to where they were a month ago to truly get out. It's a game of chicken and this could go for a while -- especially when millions of serfs on the other side don't care if they lose. They want to stick it to the vulture capitalists. And every day and week this continues costs the hedge funds big-time vigs as they're borrowing and borrowing as this game of chicken plays out.

They have already bankrupted several hedge funds. But this game has gone international. It's only getting started.

There's too much cheap money, too many bored and angry retail traders. This is going to rewrite Wall Street.

Who is bankrupted? Names...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think I get it. These redditors think that at some point, each of them will get paid out by a short seller at highway robbery prices. Nope! it does not work that way.

You still don't get it.

Keep trying. You'll get there.

In the last week and a half, 700 million shares have changed hands. There is more than enough daily volume for the shorts to close out their positions and leave you holding the bag.

If they went short at say $15/share it is impossible for them to close out at 10x or 20x without bankrupting several hedge funds and causing a cascading effect on Wall Street. The shorts can only re-trench; they are not out of these stocks. They need them to crash down to where they were a month ago to truly get out. It's a game of chicken and this could go for a while -- especially when millions of serfs on the other side don't care if they lose. They want to stick it to the vulture capitalists. And every day and week this continues costs the hedge funds big-time vigs as they're borrowing and borrowing as this game of chicken plays out.

That's the theory at least but it's only working because the people who own most of the shares are sitting on the sidelines. If they decide to unload on Monday, they will make huge profits and the redittors will have nothing.