Is there an ETF for that?
I see that Bed, Bath and Beyond, my most recent pet peeve for what they did to Mike Lindell and MyPillow is on the short list....
I hope it’s because consumers are boycotting them and the traders have began to notice.
Louis Rossmann has some videos explaining the naked short sellers getting slaughtered over their greed on Gamestop stock. It’s one time the average Joe gets revenge on Hedge Funds that profit at other peoples expense.
Can someone explain to me what is up with GameStop? Smells like some sort of stock manipulation, but I am a simple crofter’s son not familiar with the sophisticated ways of the world...
I opened up accounts for my two sons early last year. Not a vast amount;
Very low five figures. Bought like crazy when the market crashed. On is up 140%; the other about 80. Though a small investor I am judiciously but continuously backing out to cash. I sense a huge correction coming,
I have 2 sons that have been telling me updates over the last 4 or 5 days. The tards (they call themselves that) were GameStop fans and figured out the wall street guys had over short it (140% of the stock float so lots of naked shorts). Thousands or tens of thousands of millennials have decided To screw the big hedge funds for their greed. I will say it is humorous to see the big hedge funds sweating bullets for their now 3.5-4.0 billion dollar loss so far over the last week or two. The tards decided to buy and hold. Force the price up. Then others did the same. There are kids (relatively) sitting 100k or more in stock due to the run up. They are saying they won’t sell to drive the shorts to hell. They seem quite pleased with themselves. I have no clue what the SEC will do.
It’s very much a David vs Goliath. I read some of it on Reddit.
Some of those graph look like an after-hours Biden vote counting operation. They should say the stocks goy “Rubyed” ala the woman who ran the op in Fulton County, GA.
The “Big Short” Guy is going to crash the market again, like he did before the great recession.
The Media blames him for that crash and not the MFers bundlings a bunch of overvalued homes filled with people that couldn’t afford a regular valued home, then selling the mess to Iceland as a “mortgage backed security”.
When The market crashes, I won’t blame him for this one, either. Tesla’s are nice, but with $2.00 Gasoline, TSLA isn’t worth more than every car mfg, combined.
Bring on the crash.
GME is a historic short squeeze. Fun to participate in if you’ve guessed right, fun to watch from the sidelines otherwise.
After hours, the price went up even more. It was quoted at 209.5 in after hours trading at 8 PM (CNBC).
On my watch list for tomorrow are VLDR, KOSS, XL, and CRBP.
GME and by relation AMC might dip tomorrow if the SEC decides that middle class long buyers are more dangerous than hedge fund shorters and shuts down GME for 10 days.
Melvin Capital, the main firm that shorted GME is rumored to be declaring bankruptcy tomorrow after furiously borrowing and selling Alibaba stocks instead of taking the hit and getting rid of their short losses early.
How can you have short interest higher than 100%?
Ping
It’s over $230 this morning. Best of show today.
Game stop is crazy right now. Last April my husband got me to sign up for a Robin hood account. The free stock I got for signing up was game stop. Sold my one share yesterday for $148.50. I was asking him why it was going crazy and he mentioned the short positions just like in this article. Knew right then it’s not going to last much longer so sold my one share. Not a bad profit for a free stock!