I love how asking you for a specific number on a specific day is "a dumbass game". And no, I am not "cherrypicking". Discussion about this 120% short interest was everywhere. In fact, even last friday it was here: "01/28/2021 17:49 Subject: Robin Hood just ended trading on GameStop and AMC ....Shorts are still 120%+ of float for GME and around 80% for AMC. The calls are not covered yet. GME closed over $200 today and there's millions of call option contracts that expire tomorrow at sub-$50 strike price. It's gonna be nasty for the hedge funds." Where did that number come from if it isn't correct? And why was it all over WSB and here? |
It came from S3 research. https://www.shortsight.com/about/ https://www.shortsight.com/the-short-squeeze-is-in-full-force-whats-happening-now-with-gme/ |
Your cited article does not show a 120% short interest. |
Oh stop with the smarmy bs. All that data is on the S3 website. Look for yourself. But here's their tweet https://mobile.twitter.com/ihors3/status/1355194252674953219?s=20 So you tell me, what was the short interest %? |
53% |
This is hilarious. Come on, say it. Just admit it, it's ok. There was no scam. Short interest was 113%, after the squeeze, but estimated to be only 53% when adjusted for synthetic positions. You assumed a lot of things based on a pre-determined narrative that clouded your judgment. |
Hmmm.. I just quoted your source. If you understand how synthetic shares are created, you should be able to run that backwards to see how they are eliminated. But that's not what WSB told the rubes. They said there was no way the shorts could close out positions because they exceeded the entire float. There are people on GME, EVEN TODAY, arguing that it's mathematically impossible for the shorts to close out their positions. This is a fallacy based on a misunderstanding of how shorting actually works. WSB is calling the people at the tail end of this pump and dump "Bagholders". It's their own admission of what went on. |
This is a top post, five hours old, and its upvote is over 13,000. Let that sink in.
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No you didnt. You tried to play games. That very tweet and informarion was widely spread on WSB. That was their primary source. Some people were lazy and didn't read. It is easier to just stick to pre-determined narratives, isn't it. |
Most posters falsely portrayed the short interest as either virtually or actually impossible for the holders to close out. These false statements were upvoted, not downvoted. If as you say they knew the true situation to be different, they are guilty of running a pump and dump scheme. |
It sure is funny what cognitive dissonance does to people. How, no matter what information someone is presented with, it gets turned into support for their original pre-comceived notion. (They were basing that on an overestimate of how many shares they all owned. The type of thing that happens when the media and naysayers accuse them of controlling everything.) |
You don’t have to quote the thread every time, good god. |
It's the norm on DCUM, get used to it. |
Yeah my preconceived notion on Thursday of last week is that this thing is a pump and dump scam. That false information would be used to lure rubes in at insane prices so that the OGs on the site would make out with huge profits, and they would be left holding the bag. Oh wait, that's exactly what happened. |
That's not at all what happened.
It was not a pump and dump, it was a short squeeze. False information was not used to entrap anyone, real information was researched and shared. The OGs were very transparent about what they were doing personally. Oh wait, every single thing you said has been wrong. Every single thing. It's been very Trumpian. |