In Europe trading, GME is currently (@02:28 pacific) at $360 US, a new high.
Pretty wild stuff - from what little I’ve heard (only on FR have I heard about it)
Financial data company S3 says short sellers lost $23.6 billion on Gamestop - so far.
https://twitter.com/PrisonPlanet/status/1354734598966685697
This is fantastic....it’s a sign of how rapidly things can change, technology works both ways, when large numbers of individual investors get together, many using their $600 stimulus checks to take on Wall Street Billionaires and kick their ass, it’s a fun thing to watch.....
If I understand short-selling at it’s most superficial level, it’s the equivalent of commodity trading. You give a promissory note based on a predicted trading price and you pay out of profits made on your prediction.
This is going to hurt a lot of predatory traders. I’m not saying that I’m exactly concerned about predatory traders.
When investors and retirement funds go bankrupt-
Hedge fund elites in Congress: Hey, that’s how it goes. Sometimes stuff happens.
When investors make huge gains and hedge funds lose billions-
Hedge fund elites in Congress: Oh, hell no! We’re gonna make that illegal!
Hysterical! Love it! Big things happen when we unite.
Just wait until they jump to Telegram or Signal, where their communications are encrypted. The rules for trading will change, bet on it.
OK, down she goes to $420.
A lot of the Reddit jokers had sell orders at 420.69... LOL !
Sounds like an excellent way to wipe out a lot of capital quickly. Does not bode well.
John Galt, anyone?
(Philip Rothschild was supposed to be the person upon whom the character was based.)
They want to take the fracker lands and now gamestop business too?
Ping for later
+
Very good synopsis here...
https://greatawakening.win/p/11SK7KUx7c/stocks-shorting-and-gme-gamestop/
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?
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.
“Beeks. Where the hell is Beeks???”
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.
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.
Crowdsourced investing rapes hedge funds!
Popcorn! It’s early in the day, but day drinking is now a thing ....