Anonymous wrote:

Anonymous wrote:Anyone think the squeeze will happen today?

Soon. GME closed above $325 today. Above $320 was a huge milestone as there were >90,000 OI call contracts ITM. That means 9M shares may potentially need to be bought/traded and the float is only 70 million. It's crazy.


And people are naive if they think it is just reddit on the opposite side. There was a massive buy order for millions around after 3 PM that pushed it closer to $320. No one has that kind of cash except a huge whale like Black rock or Vanguard (both have direct interest in GME). Today the closing price was $5 above $320 and was exactly at VWAP to inflict MAX pain on call writers. No one can pull that off except professional big whales.

This will be epic next week and moving forward unless there is massive intervention form brokers or the government.

Anonymous wrote:Anyone think the squeeze will happen today?

Anonymous wrote:Anyone think the squeeze will happen today?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

Anonymous wrote:Anyone think the squeeze will happen today?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why isn't the company just dumping their treasury stock to raise $, dilute the imbeciles, and cause all these robinhood traders to wet their fruit of the looms?

You’re an idiot. Corporations hate their short sellers. This was a massive favor to GME.

Exactly. What kind of low life bets on a company going down, and actively driving the stock price down by shorting!

If you believe in market efficiency, the price of Game Stop should go down, it’s going to go the way of Blockbuster.

This is not true. Physical sales of games have not decreased the way movie rentals have and consoles are selling in huge numbers

**caveat** but of course GameStop will go down because right now it’s on an insane bubble. But they won’t go bankrupt if they survive covid imo

It’s just a matter of time. . .

the current share price has nothing to do with the business and thats OK. there is currently baked in demand that short sellers will have to buy more shares than exist. they have to buy the shares eventually. after they buy them to cover their shorts and that guaranteed demand is gone its hot potato for everyone else to not be the one holding the bag as the price returns to earth.

same thing happened to volkswagen in 2008. this isnt unprecedented its just the first time a person just playing with walking around money can easily participate.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Anonymous wrote:https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html

Robinhood got emergency funding. They're toast, the redactors are fleeing their service and they don't have enough cash. Bet no IPO happens.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not sure if anyone pieced this together (didn't read the entire thread) but Jen Psaki's brother Jeff is high up at Citadel.

Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestop frenzy.

Yellen's financial disclosure shows her making $337,500 for multiple days in Oct. of 2020 from Citadel. She similarly banked $292,500 in October of 2019 and $180,000 in December of that year.

You really think Yellen intervened today? Really?

Lol

Anonymous wrote:

Anonymous wrote:Not sure if anyone pieced this together (didn't read the entire thread) but Jen Psaki's brother Jeff is high up at Citadel.

Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestop frenzy.

Yellen's financial disclosure shows her making $337,500 for multiple days in Oct. of 2020 from Citadel. She similarly banked $292,500 in October of 2019 and $180,000 in December of that year.

Anonymous wrote:

Anonymous wrote:Not sure if anyone pieced this together (didn't read the entire thread) but Jen Psaki's brother Jeff is high up at Citadel.

Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestop frenzy.

Yellen's financial disclosure shows her making $337,500 for multiple days in Oct. of 2020 from Citadel. She similarly banked $292,500 in October of 2019 and $180,000 in December of that year.