Robin Hood just ended trading on GameStop and AMC

[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.

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.

The ETFs aren't going to sell on Monday. That's not a concern.

[Anonymous]

Anonymous wrote:

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.

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.

The ETFs aren't going to sell on Monday. That's not a concern.

Like I said, that's the theory.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

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.

The ETFs aren't going to sell on Monday. That's not a concern.

Like I said, that's the theory.

Of the 62 ETFs with GME, the largest are indexes. They buy and sell according to what the market does and based on whether people are moving money into or out of the ETFs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

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.

The ETFs aren't going to sell on Monday. That's not a concern.

Like I said, that's the theory.

Of the 62 ETFs with GME, the largest are indexes. They buy and sell according to what the market does and based on whether people are moving money into or out of the ETFs.

The point is, you are speculating in a high risk-high reward scenario. You don't know what will happen, you only think you know. Good luck.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

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.

The ETFs aren't going to sell on Monday. That's not a concern.

Like I said, that's the theory.

Of the 62 ETFs with GME, the largest are indexes. They buy and sell according to what the market does and based on whether people are moving money into or out of the ETFs.

The point is, you are speculating in a high risk-high reward scenario. You don't know what will happen, you only think you know. Good luck.

Oh, I'm not in this at all. In fact I am one of the posters that gets attacked as a shill for the hedge funds. I think the reddit is lunacy, that unsuspecting people are getting sucked into this and they will get hurt.

What I posted was a simple statement of fact. Here is the info. Make of it what you want: https://www.etf.com/stock/GME

[Anonymous]

To answer an earlier question about pension funds that might be involved. It looks like AZ, TX, NY Teachers, AK, Knights of Columbus, and KY Teachers all have holdings. Along with TIAA and TSP.

[Anonymous]

Anonymous wrote:To answer an earlier question about pension funds that might be involved. It looks like AZ, TX, NY Teachers, AK, Knights of Columbus, and KY Teachers all have holdings. Along with TIAA and TSP.

Meanwhile, Vanguard and Fidelity have made billions long on Gamestop. However, the trading halt and the price manipulation downward on Thursday didn't help them.

[Anonymous]

Anonymous wrote:To answer an earlier question about pension funds that might be involved. It looks like AZ, TX, NY Teachers, AK, Knights of Columbus, and KY Teachers all have holdings. Along with TIAA and TSP.

And WI, TN and CA Teachers. All are long. OH used to but got out in Nov.

[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.

No, it’s really not. But your wild eyed optimism is really adorable. You realize that many, many more hedge funds went totally bust in 2008 and just like every other bust, they just rise from the dead and do the same thing again for 10 years until something else explodes. They don’t care, they already took a F*ton of money in fees. They’ll lose some of their investor’s capital, walk away and re-form under a new name. The cycle repeats.

[Anonymous]

Anonymous wrote:I’m not an expert but to me it seems as these Reddit people stole money that wasn’t theirs. Smart educated people on Wall Street made informed decisions, followed the rules, and because of some deceit were victimized by what should be a level playing field. Is there anyway that the government provides reimbursement and that those responsible for chicanery are held legally liable and penalized financially?

What an outrageously entitled and privileged view. Of course you, and only you and your type, deserve all the cookies. Get the hell outta here.

[Anonymous]

I think this poster was being sarcastic.

[Anonymous]

Here's a thought: Sometimes both sides get ruined in a short squeeze. I bet no one told WSB that.

Stutz motors crushed the shorts when the CEO bought up its shares. However the leverage it required bankrupted him, and his creditors ended up with the company.

I notice lots of people on WSB using leverage. It's not an army of people with $500 of fun money.

[Anonymous]

Anonymous wrote:Here's a thought: Sometimes both sides get ruined in a short squeeze. I bet no one told WSB that.

Stutz motors crushed the shorts when the CEO bought up its shares. However the leverage it required bankrupted him, and his creditors ended up with the company.

I notice lots of people on WSB using leverage. It's not an army of people with $500 of fun money.

Also Porsche burned the people who were shorting VW while Porsche was acquiring shares. But it wrecked their finances, and so VW ended up acquiring Porsche instead.

[Anonymous]

Anonymous wrote:Here's a thought: Sometimes both sides get ruined in a short squeeze. I bet no one told WSB that.

Stutz motors crushed the shorts when the CEO bought up its shares. However the leverage it required bankrupted him, and his creditors ended up with the company.

I notice lots of people on WSB using leverage. It's not an army of people with $500 of fun money.

So far this year, by driving up shorted stocks, Gamestop and others, the redditors have cost HFs $70b. This year.

That's not just fun money either.

[Anonymous]

Is there any possibility that the Russians were behind this assault on our financial institutions and free market?