[reed13k]

I’m hearing that Thursday came within 30 seconds/minutes of all liquidity being frozen because they couldn’t maintain enough to float the short position that was in place on GME (and others).

Silver squeeze could do what the guy is talking about - however, unlike GME we are talking trillions and not millions. It would take out all the banks - fed as well - if It could be managed - but.... size and breadth makes it veeery nearly impossible . . . definitely could cause a lot of pain though.

The hedgies were shorted GME to the tune of about 2B - but they made about 8B last year as I understand so if they liquidate - which takes time and does impact rest of market - they could cover ... except since the stock holders aren’t selling they are in a bind as they can’t cover without buying a stock from somewhere. (there are options such as loaning of shares at an interest rate which would allow the hedges to survive and unravel over about 18 months time... if the share holders don’t call it in)

Wall Street is so over leveraged that next week is going to be fascinating, scary, and glorious all in one. And so far they still aren’t learning their lesson - I found one stock in my searches (SRPT) which was shorted 4600% of float... that’s insane...so I bought some.

[greeneyes]

If the banks, brokerages, and insurance companies all fail it’s gonna hurt every one with a little retirement nest egg.

The expression nothing but the shirt on your back comes to mind almost.

[Axenolith]

Dude, only 12.13% of the float is short on that...

Sarepta theraputics right?

[VRWCarea51]

#673 care to share. My account should clear the ACH transfer by then and I can play too.

[Axenolith]

http://market-ticker.org/akcs-www?post=241454

Denninger’s bit on the short situation

[WildHighlander57]

Speaking of since, see this post:

https://freerepublic.com/focus/f-news/3930397/posts

[Melian]

Will this affect retirement Roth IRAs and state pensions?

[grey_whiskers]

I looked up SRPT on Yahoo...

https://finance.yahoo.com/quote/SRPT/key-statistics?p=SRPT

Share Statistics

Avg Vol (3 month) 3 1.9M

Avg Vol (10 day) 3 1.75M

Shares Outstanding 5 78.91M

Float 75.13M

% Held by Insiders 1 4.85%

% Held by Institutions 1 92.33%

Shares Short (Jan 15, 2021) 4 8.1M

Short Ratio (Jan 15, 2021) 4 2.48

Short % of Float (Jan 15, 2021) 4 12.13%

Short % of Shares Outstanding (Jan 15, 2021) 4 10.26%

Shares Short (prior month Dec 15, 2020) 4 7.91M

[AZLiberty]

Wall Street is so over leveraged that next week is going to be fascinating, scary, and glorious all in one.

What if GameStop simply issued more shares, perhaps by doing a private offering to the hedgies at a mutually agreeable price?