Posted on 02/01/2021 8:48:38 AM PST by JV3MRC
Flak meet target. The disgusting part is if they actually do bring down many of these hedge funders we will all just bail them out again.
GameStop is at $189 in after hours trading.
I am still predicting under $50 by Friday close.
Probably under $20 by next week.
I am sorry if you have lost money.
I have been telling people this "short-busting" scheme is a total fraud since last week.
Nope only had 3 shares and sold them this morning got back my 600 I invested. I feel for those who have a lot of stock.
AMC is selling for $9.50 on the German Exchange. It closed last night in the USA at $13.30.
Glad to hear you got out in time.
There were huge trades going through the USA markets yesterday on GME - I saw two for 40,000 shares, which was $10 million each at that time.
The market professionals were shorting GME the whole way up to $400 two days ago.
The only reason GameStop is not below $20 right now is because all those shorts have to cover to take their profits.
Very sad that so many amateurs were enticed into this fraud.
WSJ’s mission is over. It can no longer compete with internet-based financial information services. It’s been replaced with the likes of https://finviz.com/
Just stop.
As of last Friday hedge funds lost $19.75 billion on GME, to GameStop insiders and ‘amateur’ investors.
GME has been a great short squeeze. In reality though it was a perfectly executed Bear Trap which requires greater analysis, coordination and discipline. This is why everyone’s talking about it. Redditors saw the short squeeze possibility and brought it to the WSB community to setup the bear trap when the stock was <$10. Don’t slander their insight and achievement.
The “amateurs” have profited handsomely off several hedge funds which tried to ruin a company by shorting >100% of the float. They were MORONIC, greedy arrogant pigs to think they could get away with it. But you want to S on the little guys who executed a bear trap on them?
Anyone buying large amounts of GME stock above $100 is a pig. Much harder to make money off the new $300 shorts.
Redditors buying since last week are purchasing single shares which they can walk away from. No one’s gone ‘all in’ since it was <$100 unless they were a total fool.
No. They did not.
They had Paper Losses - NOT actual Settlement Losses.
Every hedge fund and every GameStop stock analyst knows that GameStop is a $20 stock - or less.
90% of the funds inside the short squeeze just asked other funds or financiers to cover their margin calls.
90% of the short funds never bought even one share of stock to cover their position.
Instead, they promised most or all of their future profits to the other funds and financiers who bailed them out.
This fraud was created by hucksters on Reddit who convinced naive inexperienced stock amateurs that:
(1) All short positions have to cover on the last day of the month (total crap!).
(2) And, if 100% of GameStop shares were short, that means that the hedge funds have to buy EVERY share, no matter what the price is (also, total crap!).
The Reddit hucksters, and many hedge funds, have been shorting GameStop the entire way down from $400.
The original short hedge funds only lost their profits - and nothing more.
The GameStop option market makers were on to the Reddit hucksters almost a week ago. The market makers lost almost nothing.
The only people who lost money were the amateurs - and they lost billions of dollars!
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