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Posted: 1/27/2021 11:51:33 AM EDT
[#1]
Quote HistoryQuoted: in a nut shell A hedge fund (basically just some guys who can invest money into anything) borrowed shares of game stop from another investment company and then sold those shares to who ever wanted to buy them on the stock market. They did this, hoping the price of game stop would fall. Basically if they sold the shares at $20 a share, then the price fell to $10, they would have made $10 in profits. Well, r/wallstreetbets saw this and decided just to start buying all the game stop stocks and options they could to drive the price up, law of supply and demand, in turn causing the hedgefund to lose money on the trade. I’ll try to put it simpler. You have 1 kilo of gold. You lend it to me, with the agreement that I will give 1 kilo of gold back to you in 30 days. I pay you a fee to borrow it. I think the price of gold is going to fall over the next 30 days, so I sell your kilo of gold immediately, with expectation that I will buy a kilo of gold in the next 30 days for a price lower than what I sold your kilo for. The difference between what I sell it for and What I buy the replacement kilo for is my profit. Let’s say I sold it for 2k, and the price falls to 1,500 over the next 30 days. I buy a kilo on the 30th day for 1500 and give it to you. I have made $500. You have lost $500. Now, let’s say my bet is wrong and the price of gold goes to 2,500. I buy a kilo at 2,500 and give it back to you. I lost $500. You made a premium, plus you still own the underlying gold, which is now worth 2,500. Now let’s say that a shitload of people bet that the gold was going to fall. The price rises exponentially instead. The people who have to deliver the gold are forced to buy to cut off the increasing loss caused by the rising price. So, demand artificially increases, causing a further exponential price increase. |
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Posted: 1/27/2021 11:53:46 AM EDT
[#2]
Quote HistoryQuoted: Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif Quote HistoryQuoted: Quoted: Well now that's a spicy meat ball. How TF you close a short in which you can't buy all the shares for? Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif I get the Options angle, that can blow it out the water. This is glorious. |
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Posted: 1/27/2021 12:00:49 PM EDT
[#3]
Anything that fucks wall st is good in my book. fucking grifters
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Posted: 1/27/2021 12:00:58 PM EDT
[#4]
Game Stop is running about $370-375 right now.
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Posted: 1/27/2021 12:09:46 PM EDT
[#5]
Should have been paying better attention to GD when I saw GME start rising. Could have made a few bucks. I did get in on AMC today @ 11.20.
Whats the next one? Keep seeing NOK mentioned but it hasn't jumped like the others. |
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Posted: 1/27/2021 12:15:42 PM EDT
[#6]
Quote HistoryQuoted: So what's up next after AMC? EXPR is off to the races |
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Posted: 1/27/2021 12:16:40 PM EDT
[#7]
On Monday I heard something about how AMC was planning on riding out the shutdown storm. Interesting to hear Pools take on this stuff.
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Posted: 1/27/2021 12:16:53 PM EDT
[#8]
This is hilarious.
It’s almost like when Rodney Dangerfield showed up to Bushwood and ruined Smails’s day. |
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Posted: 1/27/2021 12:22:31 PM EDT
[#9]
Quote HistoryQuoted: Please explain it like I'm 5.... also how does AMC play into this? A low value stock that is being run up basically with out any favorable news from the company . Don't chase these stocks . When the action crashes so will you . There is such a thing as " Money Heaven ". That's where your lost money goes . gd |
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Posted: 1/27/2021 12:28:05 PM EDT
[#10]
Well I bought a share of GME @ $366
 Lets see what happens
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Posted: 1/27/2021 12:28:47 PM EDT
[#11]
Just checked AMC on fidelity mobile up $6.00+
 so what does "very bearish" .02 what does that mean? 
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Posted: 1/27/2021 12:30:20 PM EDT
[#12]
Nevermind. It's been too long since I've paid attention.
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Posted: 1/27/2021 12:30:39 PM EDT
[#13]
Quote HistoryQuoted: Just checked AMC on fidelity mobile up $6.00+ so what does "very bearish" .02 what does that mean? I'd imagine that means the stock is heavily shorted, which it is. |
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Posted: 1/27/2021 12:30:41 PM EDT
[#14]
Quote HistoryQuoted: A low value stock that is being run up basically with out any favorable news from the company . Don't chase these stocks . When the action crashes so will you . There is such a thing as " Money Heaven ". That's where your lost money goes . gd Reminds me of the Crypto alts back in 2017 with the pump & dumps, but with higher stakes. Definitely a gamble, but I made a decent amount of cash on those. |
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Posted: 1/27/2021 12:34:08 PM EDT
[#15]
I hope they stick it to Wall St.
The elites have become the ultimate enemy, not liberals vs conservatives vs libertarians vs socialists. Ideological wars are simply a sideshow to create division while they enact their plans to stop people from gaining wealth. The masses would be better off if they realized this. And if you think that's just a conspiracy theory, you're not paying attention or you're blinded by your normalcy bias. |
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Posted: 1/27/2021 12:34:38 PM EDT
[#16]
Wallstreet bets is just along for the ride. They are cover/pawns for hedge funds who are investing real money to take out other hedge funds. It’s market manipulation and I’m surprised the regulator has not stepped in (against the funds, not Wallstreet bets).
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Posted: 1/27/2021 12:35:44 PM EDT
[#17]
So any of these being talked about for a squeeze? BBBY? FIZZ? FUBO?
nvm: I see these are already being squeezed. 2021 is going to make 2020 look normal. The rise in GameStop Corp (NYSE: GME) has been one of the hottest stories of the year. The move comes as retail traders on Reddit, Robinhood and elsewhere are searching for stocks with large short percentages. Here is a look at 10 heavily shorted stocks that have already followed in GameStop's footsteps. Short percentages come from highshortinterest.com. AMC Entertainment: Next to GameStop, one of the most talked-about stock moves has been AMC Entertainment (NYSE: AMC). The company has 69% of its float traded short. The movie theater company is well known and has been circulated on the WallStreetBets subreddit. The hashtag #SaveAMC has also trended on Twitter several times over the last few days. Shares are up 248% Wednesday. Bed Bath & Beyond: Known for its large stores and 20% off coupons, Bed Bath & Beyond (NASDAQ: BBBY) could soon be known as the next short squeeze candidate. Over 66% of the Bed Bath & Beyond float is short. Virgin Galactic: Former SPAC Virgin Galactic Holdings (NYSE: SPCE) has over 81% of its float traded short. The company counts Chamath Palihapitiya as chairman after and he even bought calls in GameStop and helped take shares higher Tuesday. Related Link: How Retail Traders Are Supercharging The Short Squeeze In GameStop And Other Potential Bubble Stocks National Beverage: Known for its La Croix sparkling water brand, National Beverage (NASDAQ: FIZZ) is a stock trading higher on a potential short squeeze. Over 60% of shares are short. Ligand: Ligand Pharmaceuticals (NASDAQ: LGND) provides ingredients needed for several blockbuster drugs including COVID-19 treatment remdesivir from Gilead Sciences (NASDAQ: GILD). Over 60% of the float is held short. Shares are up 20% Wednesday. Tanger Factory: Mall traffic may be suffering due to the pandemic, but that hasn't stopped Tanger Factory Outlet (NYSE: SKT) from seeing shares hit 52-week highs on Wednesday. The company is a short squeeze target with around 50% of the float currently short. Shares are up 24% Wednesday. iRobot: Best known for its Roomba vacuums, iRobot Corp (NASDAQ: IRBT) is a name circulated as a short squeeze candidate with 40% of the float short. Shares are up 36% Wednesday and could go higher as the company has decent name recognition. FuboTV: One name that could soon become the target of retail traders taking on a short seller is FuboTV Inc (NYSE: FUBO). Lightspeed Partners criticized the company in December and called it a strong short. With 60% of the float short and people betting against it, investors could soon rally behind FuboTV. Tootsie Roll: One of the most well-known candy brands is getting in on the short squeeze rally. Tootsie Roll Industries (NYSE: TR) shares are up 38% Wednesday. The company has 45% of its float short. This could be another target of retail traders with high short percentage and strong brand name recognition. Gogo: In-flight entertainment provider Gogo Inc (NASDAQ: GOGO) is another short squeeze candidate with around 44% of the float short. The company has been hurt by the pandemic and less passengers traveling. Shares are up 17% Wednesday. 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
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Posted: 1/27/2021 12:36:26 PM EDT
[#18]
So what does everyone recommend for getting in quickly?
I've got a old RH account but it doesn't seem favorable here, just looking for something for some quick 'gambling' with some play money. |
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Posted: 1/27/2021 12:36:33 PM EDT
[#19]
Quote HistoryQuoted: Well I bought a share of GME @ $366 Lets see what happens |
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Posted: 1/27/2021 12:38:35 PM EDT
[#20]
I am in AMC at about $2.50 and cant dump it since Ally is down!
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Posted: 1/27/2021 12:39:18 PM EDT
[#21]
Quote HistoryQuoted: I still don’t get it. Quote HistoryQuoted: Quoted: Quoted: I wish I knew what all this meant.  Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. I still don’t get it. It is quite amazing you can sell that which you do not own. |
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Posted: 1/27/2021 12:47:19 PM EDT
[#22]
Quote HistoryQuoted: I am in AMC at about $2.50 and cant dump it since Ally is down! what a coincidence |
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Posted: 1/27/2021 12:50:04 PM EDT
[#23]
Quote HistoryQuoted: It is quite amazing you can sell that which you do not own. Quote HistoryQuoted: Quoted: Quoted: Quoted: I wish I knew what all this meant. Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. I still don't get it. It is quite amazing you can sell that which you do not own. |
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Posted: 1/27/2021 12:51:47 PM EDT
[#24]
Quote HistoryQuoted: Damn near every retail trading site is down. what a coincidence It is costing me money is what it is.....Went from $16 to 13.65.....$2350 loss on my part. |
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Posted: 1/27/2021 12:54:12 PM EDT
[#25]
Supposedly AMC is a red herring the hedge fund people are trying to make look like the next GameStop. I see Blackberry and Nokia talked about as next targets on the Reddit page but most of the top stocks on the High Short link provided here have already jumped up. I bought some BB and NOK.
ETA: iRobot is way up after doing nothing for years. I was going to buy it in the 60's last year but the chats said they had no new tech. Damnit. It is at $150! FFS |
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Posted: 1/27/2021 1:00:47 PM EDT
[#26]
I sold all my other shares of everything and put into GME. I want to see where these retards take this...
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Posted: 1/27/2021 1:07:09 PM EDT
[#27]
I bought 31 shares of AMC @$3.51 Ea. a while back and did not know that it went up so much. I had heard about the Gamestop thing but I did not know about AMC.
When should I dump it? |
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Posted: 1/27/2021 1:19:29 PM EDT
[#28]
Quote HistoryQuoted: I wish I knew what all this meant. Hedge funds, who make or break companies and retirement funds and get bailouts when they fuck up, shorted stocks in several companies profiting from the covid shutdown amongst other things. Shorting is basically borrowing a stock with the hopes of buying it at a lower price in the future. Since it's borrowed, the loss potential is unlimited. A bunch of millennials and zoomers got together and decided to start buying gamestop stock even though it's a bad idea for long term investment. This has resulted in something like a 2,000 percent increase in price over the last month. This caused the hedge funds to lose lots of money buying stocks at a higher price than what they sold them for. Now the questions are, which stock is next? Will they sell? Etc. Lots of people are willing to walk away from 50 bucks to stick it to the man, so they may not sell. |
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Posted: 1/27/2021 1:23:56 PM EDT
[#29]
Quote HistoryQuoted: Hedge funds, who make or break companies and retirement funds and get bailouts when they fuck up, shorted stocks in several companies profiting from the covid shutdown amongst other things. Shorting is basically borrowing a stock with the hopes of buying it at a lower price in the future. Since it's borrowed, the loss potential is unlimited. A bunch of millennials and zoomers got together and decided to start buying gamestop stock even though it's a bad idea for long term investment. This has resulted in something like a 2,000 percent increase in price over the last month. This caused the hedge funds to lose lots of money buying stocks at a higher price than what they sold them for. Now the questions are, which stock is next? Will they sell? Etc. Lots of people are willing to walk away from 50 bucks to stick it to the man, so they may not sell. My question is how long can this hold? It went from $145 at close to $371 at open. How long can it keep this trend and what dictates it? |
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Posted: 1/27/2021 1:31:47 PM EDT
[#30]
Quote HistoryQuoted: My question is how long can this hold? It went from $145 at close to $371 at open. How long can it keep this trend and what dictates it? If anyone knew this, it would be free money. It is dictated by heard emotion at this point and nobody knows what the sell off point will be and how big of a rush will happen. |
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Posted: 1/27/2021 1:37:23 PM EDT
[#31]
Quote HistoryQuoted: 135% of the stock was shorted in gamestop. Even if they decided to get out of the short posistion there wasn't enough stock changing hands to fill their oders. When/if all the shorts call it a day the stock is going to explode if they do it all at once. Supply and demand. Quote HistoryQuoted: Quoted: But that costs extra money and eats into profit! Who would do such a thing? I still think that the original market manipulation was shorting GME into oblivion during the past two years. They got caught being too dumb and too greedy using the same strategy, with no hedge to escape that position. I can see the litigation printer going brrr on derivative actions as we speak. They created stocks out of thin air?  |
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Posted: 1/27/2021 1:38:43 PM EDT
[#32]
Just in to see the resulting lawsuits.
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Posted: 1/27/2021 1:40:13 PM EDT
[#33]
Wanna know how to REALLY piss of a herd of autists?
Reddit Says It Will Cooperate With Law Enforcement If Necessary Money managers watching the frenzied trading in GameStop shares have been asking one question: Is the action taking place on Reddit's WallStreetBets forum akin to market manipulation? Users on the forum have shared screenshots of their bullish bets on GameStop and cheered the group's success in driving share prices higher. While authorities have typically targeted investors who knowingly spread false information online, as opposed to groups sharing their intent to send a stock's price higher, experts say regulators do have the means to rein in the latter. Asked for comment, a Reddit spokeswoman said the company's policies prohibit soliciting or facilitating illegal transactions. Reddit "will review and cooperate with valid law enforcement investigations or actions as needed," she said.  
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Posted: 1/27/2021 1:40:24 PM EDT
[#34]
Quote HistoryQuoted: Just looked pre market amc is up like crazy I made 25% on NOK since I bought this AM. |
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Posted: 1/27/2021 1:41:09 PM EDT
[#35]
I whole heartedly believe in sticking it to short sellers .
They often keep stock prices low and even make them drop with their bs . |
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Posted: 1/27/2021 1:43:38 PM EDT
[#36]
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Posted: 1/27/2021 1:52:16 PM EDT
[#37]
Quote HistoryQuoted: I bought AMC last week.   I'm envious.
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Posted: 1/27/2021 1:54:18 PM EDT
[#38]
Multiple halts on the various stocks in play today. Also the CEO of NASDAW tweeted out they are following website "chatter".
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Posted: 1/27/2021 1:56:00 PM EDT
[#39]
Whole-Lee-Shit.
 Why mainstream media's slander of wallstreetbets pisses me off regarding GME.  Gamestop shorts lose billions, get $2 billion bailout, and keep shorting anyway  Gamestop shorts are full of ?? about closing their short position (in my opinion) I'm still watching the first 1 but damn, sounds like the Hedge funds are boned harder than '29 |
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Posted: 1/27/2021 1:56:00 PM EDT
[#40]
135% of shares being shorted was not market manipulation. Got it.
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Posted: 1/27/2021 1:58:21 PM EDT
[#41]
Suppose this spike has to do with AMC finding a way to delay their impending bankruptcy?
Is that the same with GameStop? Surprised that name still exists in the age of Steam. With this investment mindset, am I too late to buy up some Family Video and Blockbuster stock? |
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Posted: 1/27/2021 1:59:00 PM EDT
[#42]
Quote HistoryQuoted: 135% of the stock was shorted in gamestop. Even if they decided to get out of the short posistion there wasn't enough stock changing hands to fill their oders. When/if all the shorts call it a day the stock is going to explode if they do it all at once. Supply and demand. Exactly. That is a great point. Melvin Capital et al placed extremely risky naked short positions with no coverage. The same strategy that they had been using to make money when GME value declined over the past two years. 135% of free float was a disastrous play when the stock price was as cheap as GME was. I wonder if trading will be stopped to prevent a run if this gets way out of hand in the next few days. |
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Posted: 1/27/2021 2:01:24 PM EDT
[#43]
Huh. I bought 5 shares of AMC a few weeks ago for $3.98. Wish I did more now.
I’m just messing around on Robin Hood. |
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Posted: 1/27/2021 2:01:36 PM EDT
[#44]
Quote HistoryQuoted: Reminds me of the Crypto alts back in 2017 with the pump & dumps, but with higher stakes. Definitely a gamble, but I made a decent amount of cash on those. Quote HistoryQuoted: Quoted: A low value stock that is being run up basically with out any favorable news from the company . Don't chase these stocks . When the action crashes so will you . There is such a thing as " Money Heaven ". That's where your lost money goes . gd Reminds me of the Crypto alts back in 2017 with the pump & dumps, but with higher stakes. Definitely a gamble, but I made a decent amount of cash on those. I was in on Verge at $.02. Bought $1500. Watched it go to $17k+ in like 10 days when it peaked around $.27 or some shit...People were clamoring $1 inbound all across the net...In the blink of an eye, it cratered. I rode that bitch down to like $.07 and cashed out...weeping.
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Posted: 1/27/2021 2:03:13 PM EDT
[#45]
When is the next wall street bailout planned for? Uncle Joe's got their backs.
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Posted: 1/27/2021 2:05:19 PM EDT
[#46]
Quoted: I wish I knew what all this meant. The big investment firms were shorting Gamestop stock. This means that they're predicting that the stock price will fall below the agreed price before they are required to sell. Say, STCK is trading at $10 a share. I agree to sell you 1000 shares of STCK next Monday for $9 a share. I'm hoping that I can buy 1000 shares of STCK for less than $9 a share before Monday. Regardless of what the share price does, I am contracted to sell you 1000 shares at $9 per share. If the price goes up, I lose money, maybe even a lot. If the price drops, I make money. A group of retail investors got together and decided to buy up as much Gamestop stock as they could. This spike in demand has sent the price of the stock up, way up. Last week it was $35 a share this morning it hit $360. The institutional investors are taking a bath, because they have to fulfill their obligation to sell shares at the lower price they contracted. |
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Posted: 1/27/2021 2:07:25 PM EDT
[#47]
Quote HistoryQuoted: I was in on Verge at $.02. Bought $1500. Watched it go to $17k+ in like 10 days when it peaked around $.27 or some shit...People were clamoring $1 inbound all across the net...In the blink of an eye, it cratered. I rode that bitch down to like $.07 and cashed out...weeping. Yep. I lost all my XVG profits as well, think I still held onto it in my Binance. I bought it with some of the money I made from XRP so it was meh for me. Good times though. |
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Posted: 1/27/2021 2:09:28 PM EDT
[#48]
Premature fire
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Posted: 1/27/2021 2:09:59 PM EDT
[#49]
@midcap
Should I buy amc, expr ? Or what right now lol |
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Posted: 1/27/2021 2:10:29 PM EDT
[#50]
Quote HistoryQuoted: Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif I get the mechanics, but how did the Reddit guys determine that a stock is being floated 140%? Is that something you can determine with public info, or is there internal knowledge of the shorting? |
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