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GameStop slugfest spreads as calls for probe build
Reuters via MSN ^ | Jan 28, 2021 | Sagarika Jaisinghani and Nikhil Nainan

Posted on 01/28/2021 2:29:19 AM PST by Reverend Wright

(Reuters) - The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia on Thursday, with surges in several Australian companies squeezing another batch of financial institutions that have bet on the stocks falling.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy
KEYWORDS: gamestop
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To: nonliberal

“Wall Street and Soros can short these companies with impunity and bankrupt companies and countries without any repercussions at all but if smaller investors fight back, THEN there is a problem?”

Exactly.

L


61 posted on 01/28/2021 5:52:46 AM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is. )
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To: semimojo
I understand not liking the shorts who try to drive stocks down but what’s wrong with investing on the premise that a company is overvalued?

No, you don't want to understand. The mechanism for that is simply sell or don't buy. Duh....

62 posted on 01/28/2021 5:53:38 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: Reverend Wright

Let me get this straight: Day traders hand Hedge Funds their a$$, and they’re pissed and want a probe?

I guess they missed 2008. I’m still waiting for someone to go to jail over that one.


63 posted on 01/28/2021 5:57:19 AM PST by RinaseaofDs
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To: central_va
The mechanism for that is simply sell or don't buy.

And you say I don’t wan to understand.

Irony dies.

64 posted on 01/28/2021 5:59:39 AM PST by semimojo
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To: Reverend Wright

“Beeks. Where the hell is Beeks???”


65 posted on 01/28/2021 6:01:44 AM PST by NonValueAdded (Killer Joe: babies, jobs, tax cuts, he kills them all.)
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To: Reverend Wright

They Shorted 140% of the Stock available?? Naked Shorts were supposed to be ILLEGAL, Have they been ARRESTED and JAILED YET for this Financial Fraud??

That’s what I thought, stick it to them, make them homeless just like they do when they destroy companies for profit.


66 posted on 01/28/2021 6:02:58 AM PST by eyeamok
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To: Enlightened1
These Hedge Funds do everyday what Reddit buyers are doing.

So what is the difference?

I don’t understand why they are crying about it?

The problem is that the "wrong" people are losing a lot of money.

67 posted on 01/28/2021 6:03:36 AM PST by throwthebumsout
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To: srmanuel

I think it’s funny that these little guys are squeezing the big hedge fund investors. It’s not like the hedge fund investors are not possibly conspiring to do the same things when they target companies by shorting their stock. Seems like the kettle is calling the pot black.


68 posted on 01/28/2021 6:07:06 AM PST by BOBWADE (WWG1WGA)
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To: eyeamok

If brokerage house “loans” you stocks ( shorts the stock ) that they really don’t have in inventory then this fraud plain and simple. Criminal offense.


69 posted on 01/28/2021 6:07:52 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: Reverend Wright

The problem with “paper profits” is that you have to sell at some point to realize them.

There are lots of folks who have significant gains in their accounts. They cannot by a can of Coke with that.

As soon as the price moves lower and the herd starts to move....its going to crash. And its going to be spectacular.

When that happens, the hedge fund folks are going to make billions selling puts.


70 posted on 01/28/2021 6:07:59 AM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: central_va

What they did was made Illegal in 2008 I thought, pretty sure. ARREST and PROSECUTE


71 posted on 01/28/2021 6:10:23 AM PST by eyeamok
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To: Jonty30

There are two ways to do it.

You can sell short—borrowing the stock and selling it. Your losses can be infinite. AND you have to pay interest on the sale.

The second way is to sell puts. This is the promissory note route. It has a time frame on it. The value degrades every day.

When this turns, it will make the people who sold short at the top—and who held on for dear life—billions of dollars.


72 posted on 01/28/2021 6:11:03 AM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: rb22982

They should issue a few million new shares. It will give them a capital infusion and it would give the hedgies a way to get out.

The ONLY people who will get out of this unscathed are the GME management who should be exercising their $2 options by the boatload.


73 posted on 01/28/2021 6:13:39 AM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: Reverend Wright

Crowdsourced investing rapes hedge funds!

Popcorn! It’s early in the day, but day drinking is now a thing ....


74 posted on 01/28/2021 6:16:50 AM PST by Uncle Miltie (Allegations of vote fraud cause you to 1)Provide contrary evidence or 2)Censor and erect razor wire)
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To: grateful

Watch the figurative (Hi, Fibbers!) bullets fly from a safe distance. Great show!


75 posted on 01/28/2021 6:19:09 AM PST by Uncle Miltie (Allegations of vote fraud cause you to 1)Provide contrary evidence or 2)Censor and erect razor wire)
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To: Reverend Wright

Totalitarian Joe now closing door on grouping “too small to care” investors in the financial markets

Totalitarian Joe not moving on grouping leftist boycotters trying to take down other businesses.


76 posted on 01/28/2021 6:19:15 AM PST by School of Rational Thought
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To: flatpickingflyer

Oh yes. And the ‘white supremacy’ chestnut has already been trotted out.


77 posted on 01/28/2021 6:20:25 AM PST by relictele
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To: nonliberal

Exactly. If the Market Makers, a formal term BTW, lose money the SEC wants to know why. If they and many other commit a crime with naked shorting and hurt companies, the SEC doesn’t care at all.


78 posted on 01/28/2021 6:21:09 AM PST by CodeToad (Arm Up! They Have!)
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To: Enlightened1

Because the Bidens of the world are invested in hedge funds that are *guaranteed* to deliver 100%+ returns.

And if that kind of trillion dillar pork is at risk, watch for the political power that crushes all opposition.


79 posted on 01/28/2021 6:21:48 AM PST by Uncle Miltie (Allegations of vote fraud cause you to 1)Provide contrary evidence or 2)Censor and erect razor wire)
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To: pepsionice

if I understand correctly, the calls are due Friday i.e. the short-sellers have to make good on the borrowed shares.

It apparently is not a problem when wall street manipulates the market but it is when individual investors make a market


80 posted on 01/28/2021 6:22:23 AM PST by School of Rational Thought
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