Posted on 01/29/2021 8:47:49 AM PST by Onthebrink
The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm.
Shares of GameStop, the video game retailer, have climbed more than 900% since the start of the year after members of the Reddit community WallStreetBets banded together in an effort to push the stock higher.
The campaign pushed a stock worth $19 at the start of the year to as high as $482.85 on Thursday. Gains by retail investors have come at the expense of sophisticated investors like Melvin Capital and Citron Research, which were forced to close out their short positions as the stock rose in what’s known as a short squeeze.
(Excerpt) Read more at cnbc.com ...
They expect it to crash. Well, what goes up, must come down. The real question is, what sort of timeline are we talking about. My guess is they’d like is a crash before the squeeze is complete, but the buzz is too big now, I think. I don’t know that everyone is just going to panic and drop the stock. They’re on a mission
I *loved* to see short sellers get hurt. Those bastards need defenestration, after a severe beating.
They claim to be out of their short positions, but then claim the Short is now 120% of available stock, down from 140%.
Somebody be Lying
Schilling for wall street. Some say they have not yet closed their shorts. We will see later today and into Monday. Article also states Us regulators might step in. Really? Why?
“Article also states Us regulators might step in.”
“Really?” Yup
“Why?”
Because the wrong peoples’ Ox got gored.
sophisticated investors like Melvin Capital and Citron Research.....................Aren’t so damn “sophisticated” now....................
I hope the shorts get terribly abused on GME!!!!!!!!
The WSB/Gamestop phenomenon will end like all those political / economic phenomena unfavorable to the status quo and deep state.
first shock and political outrage
then ridicule
then state-run media propoganda
then quiet, insider bureaucratic manipulation behind the scenes
then simplistic political sloganeering how bad guys have been defeated and we’re all better off now
Unhhh, it seems they weren't as "sophisticated" as they thought. They'd be better characterized as "institutional" investors.
If your in the market buy Game Stock and hold it. This is hurting the evil doers and is exposing how corrupt and deep the system goes. The millennial’s were using “Robinhood” when the company prevented them from selling “select” stocks, they got their first taste of the system. This is awaking many people who would not otherwise have been. There are also reports that the Whitehouse pressed traders to prevent sales so their donors would be protected. Finally, it puts pressure on the SEC to take action, the unwashed masses are now watching.
The short and distort bastards finally get caught.
Maybe now they will reinstate short selling restrictions or
ban them out right.
I refuse to participate in OTC stocks because of blatant naked short selling and price manipulation.....
Wall Street and their wholly owned subsidiary mass media are professional liars and con artists.
This episode not only barkrupted a few hedge funds but it exposed to Americans just how these hedge funds short a stock, collude with confederates in brokerage houses and the media, and fleece stockholders of their money. It has also created real fear among the hedge funds. Now they fear that civil suits will further harass them, some may be subject to criminal prosection and there may actually be anti hedge fund legislation ( hoever given the amount of money given to politicos, legislation is not likely). Nevertheless the elite on Wall street are experiencing some real fear and paranoia.
Does the SEC no longer exist? Did they close the offices because of COVID?
It is called naked short selling. Market makers loaning stock shares that do not exist
elites
This is not about GameStop.
This is about a weapon the Left can use against ANY company it chooses.
These are only tests designed to create a larger group of “investors” who will be used on command when needed.
Just like BLM, Antifa, Voter Fraud, Acorn, The Squat Army...
The difference is this one could eventually be self-funded.
“Schilling for wall street.”
~~~
That’s why places like CNBC, Foxmoney, Forbes, WSJ, Bloomberg and other ‘publishers’ exist. They get to get cozy with the FatCats, and in exchange for access, they push information that helps the relationship. This is NO DIFFERENT than the relationships between the media in general and DC politicians and the deep state. They schmooz for information to publish, and in return, they will publish things that help the insider.
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