Posted on 01/29/2021 3:45:29 PM PST by TigerClaws
Chinese billionaire enters the game:’
https://donsurber.blogspot.com/2021/01/the-gamestop-uprising-goes-global.html
Hmmm.
Wall Street is expecting to have the feds step in and stop it all - just to have the small fries locked out so they’ll panic — and break the squeeze by rigging the game.
Exactly what happened in the election btw. Upraising Trump support put down by the ‘pause’ and fraud.
They eventually want so that to purchase and sell stocks, you will have to have a licence, which of course is subject to the Social Credit Score, so if you say something out of line, they will lock you out.
Don't worry, the shorts are screwed. Wait until the Asian market (China, Japan, India, etc.) start buying GME. The shorts will be doomed.
Next stop, GME = $1,000/share.
Actually, Yellen made more than $7 million in speaking fees from financial interests since leaving the Fed in 2018,
https://www.foxbusiness.com/politics/janet-yellen-treasury-secretary-joe-biden-speaking-fee
“Was all (or at least most) of the drop directly related to GameStop related stuff (and say the others where the hedge fund crew are pretty much in the same boat)? Or how much of it was related to collateral damage where even if they aren’t directly implicated, they still have indirect exposure and/or will get hit by the ripple effects?”
Fact is, no one knows.
There is no sign of systematic financial distress of big institutions via the repo market
Compare to last year
https://www.dtcc.com/charts/dtcc-gcf-repo-index
It looks like there are a bunch of new shorts have replaced Melvin and Citron, at a much higher basis.
According to this guy, short interest is down 8 percent. That’s not much.
https://www.reuters.com/article/us-gamestop-stocks-shortinterest-idUKKBN29Y29P
A new set of greedy hedge funds has replace the last.
If we keep buying and push the price up, we can push them into big losses and margin calls as well !
Talk is the big banks are being looked at to source in Bridge Loans to facilitate the trade settlements.
Right now the collateral to clear trades is close to 100% compared to %.
So the restrictions on buys.
Also interesting how she wants to squash crypto-currency because “terrorism” but actual reason is she can’t control it.
The shorts will win this. They will team up with banks or whoever. Even I would short that stock at $400 per share. If nothing else buy some 3 month puts on it.
“ It looks like there are a bunch of new shorts have replaced Melvin and Citron, at a much higher basis.”
For a derivative trader the mindset is “I’m just one good trade from even”.
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