Exchanges Ban Trades, Biden Administration ‘Monitoring Situation’ After Reddit Drives Wall Street Hedge Funds to Brink of Bankruptcy in Gamestop Short: Bankers are absolutely furious with the market's first populist uprising

National File ^ | 01/27/2021 | Jack Hadfield

[Theoria]

[null and void]

I’m old school....defenestration

That's why I have a Mac...

[ConservativeMind]

I read this on another site:

“This is going to get even more interesting. There are reports of other hedge funds in the same situation as Melvin Capital. It’s reported short sellers lost over $14 Billion today alone on GameStop stock.”

If true, I’m happy!

[redcatcherb412]

But as the bankers are always so fast to tell us. It’s not real money it’s numbers in a computer

[Gideon7]

It’s also happening to other stocks like AMC. Popcorn time!

[Noumenon]

These are the same vultures who contribute heavily to our Democratic National Socialist enemies. It’s that big club we ain’t in.

[Coronal]

They also contribute to Republicans. They’ve always played both sides of the fence.

[TBP]

So I can’t buy Game Stop tomorrow morning?

[zeebee]

Did you ever notice that the ads to buy silver are run by those selling it?

I say, if it’s such a good buy, why are you selling it?

[Drago]

Yep, don’t doubt millions of Millennials armed with their $1800.00 “Stimmy Checks” and the WeBull/Robinhood Apps!! I may just join in on the fun! Power to the people and all that! ;-) Next up AMC, SLV, and the crypto “DOGE” (Dogecoin...already pumping, beware the dump).

[Basket_of_Deplorables]

LOVE IT!!!!

[BiteYourSelf]

Because economy or something....😂

[kiryandil]

But as the bankers are always so fast to tell us. It’s not real money it’s numbers in a computer

Just like "votes" in a Demonion "voting" machine...

[BiteYourSelf]

Um what is this honor that you speak of.😏

[Auntie Mame]

Best post of the year! I love this. Just bought 100 shares of AMC to join in the fun. I don’t care if I lose it all. I have to help these guys. But you know what? I’m NOT going to lose!

[BiteYourSelf]

You’re gonna have to work on your stutter.😁

[jrestrepo]

Libs eating libs

Plus, the bill will come due. The company will never have that value so the people that drove up the price will get stuck with the bill when the price crashes.

[jrestrepo]

Not just gambling but destined to fail.

[lepton]

True, but each person (that’s the difference) will lose a couple hundred bucks.

---

Will they? They appear to have a guaranteed buyer at the higher price.

[Gideon7]

It took a while for me to figure out how the shorts could be 140+% of the float. Apparently what happens is that hedge fund A borrows $10 worth of stock that it sells to buyer B, and then A turns around and re-borrows the stock back from B to sell to C, and so on, until the original $10 of stock is leveraged several times.