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 GME Gamestop, making men in suits BLEED

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lamode
post Feb 4 2021, 12:19 AM

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QUOTE(derravile @ Feb 3 2021, 07:23 PM)
ToS or IB offers free commission

Tos, takes long time to open account, but do open 1
IB, faster to open, but there is inactive fees of 10USD per month (correct me if i am wrg)

Personally i use Tiger Brokers, (convenient to trade afew different exchanges, Fees r bearable to me)
I have SG bank account to transfer funds in directly, reflected in less than 30mins

Anw, still holding GME at 260 avg cost
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free commission from IBKR only applicable for US residents.
red streak
post Feb 4 2021, 12:38 AM

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QUOTE(Quazacolt @ Feb 3 2021, 09:45 AM)
QUOTE(Quazacolt @ Feb 3 2021, 10:41 AM)
Again, there's not enough stocks to short, and their existing shorts take time to clear because again, no stocks to buy.

The squeeze cannot fail, only matter of when, not if.
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QUOTE(ozak @ Feb 3 2021, 10:43 AM)
What is the % shorts float now?
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That's not even remotely true. More than half of the short positions have already cleared out. You're assuming they're still invested and that the old short % is anywhere near accurate, protip: it's not. That data was already weeks out of date when it was released. You're basing your faulty assumption on weeks old data. Right now nobody knows what the exact percentage is at but the current data by S3 Partners shows that the short positions have reduced to slightly more than 50%, a massive drop from the 140% at its ATH. They wouldn't be able to reduce that if there were no shares available. The fact is there are plenty of shares going around for them to clear their positions, especially now that the smarter people are taking profits and passing the risk around to the latecomers who are all #holdmeimscared and diamond-handing their double digit losses since they have no chance of getting out intact.

QUOTE

S3 data helps tell the whole story. Now, GME short interest is $5.81 billion, with 26.09 million shares shorted. Traditional SI % Float is down significantly from its highs in the 140’s% at the beginning of January. The SI % of Float is st 51.13% and the S3 SI % of Float, which includes synthetic longs created by short sales, is at 33.83%, telling us that there’s ample stock loan supply for short sellers to access, should they want to short more shares. The stock borrow fee on existing shorts is 19%, while the stock borrow fee on new shorts is 10% to 20% fee.

Over the last week, the number of GME shares shorted has decreased by -37.24 million shares, worth $8.4 billion, a decrease of -59% as its stock price rose +193%. We saw just over 1 million shares covered yesterday. Shorts are down -$9.5 billion in year-to-date mark-to-market losses, -278% for the year, and are up +$3.08 billion in profits on today’s -52% price move ($107.00).
Source: https://s3partners.com/exclusive3.html


The shorts have already gotten out. No squeeze is happening. The long HFs are finally cashing out which led to the massive drop as they unload billions worth of shares. I'm afraid anyone who is still in at this point is a chump holding the bag while others laugh their way to the bank. laugh.gif
ChAOoz
post Feb 4 2021, 01:12 AM

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QUOTE(red streak @ Feb 4 2021, 12:38 AM)
That's not even remotely true. More than half of the short positions have already cleared out. You're assuming they're still invested and that the old short % is anywhere near accurate, protip: it's not. That data was already weeks out of date when it was released. You're basing your faulty assumption on weeks old data. Right now nobody knows what the exact percentage is at but the current data by S3 Partners shows that the short positions have reduced to slightly more than 50%, a massive drop from the 140% at its ATH. They wouldn't be able to reduce that if there were no shares available. The fact is there are plenty of shares going around for them to clear their positions, especially now that the smarter people are taking profits and passing the risk around to the latecomers who are all #holdmeimscared and diamond-handing their double digit losses since they have no chance of getting out intact.
The shorts have already gotten out. No squeeze is happening. The long HFs are finally cashing out which led to the massive drop as they unload billions worth of shares. I'm afraid anyone who is still in at this point is a chump holding the bag while others laugh their way to the bank.  laugh.gif
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Gme long hedge fun were never about the anti establishment movement. Their job is to earn money and that is what they have accomplished.

Good luck to new gme owners worldwide.
TSQuazacolt
post Feb 4 2021, 01:34 AM

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QUOTE(red streak @ Feb 4 2021, 12:38 AM)
That's not even remotely true. More than half of the short positions have already cleared out. You're assuming they're still invested and that the old short % is anywhere near accurate, protip: it's not.

That data was already weeks out of date when it was released. You're basing your faulty assumption on weeks old data. Right now nobody knows what the exact percentage is at but the current data by S3 Partners shows that the short positions have reduced to slightly more than 50%, a massive drop from the 140% at its ATH.

They wouldn't be able to reduce that if there were no shares available. The fact is there are plenty of shares going around for them to clear their positions, especially now that the smarter people are taking profits and passing the risk around to the latecomers who are all #holdmeimscared and diamond-handing their double digit losses since they have no chance of getting out intact.
The shorts have already gotten out. No squeeze is happening. The long HFs are finally cashing out which led to the massive drop as they unload billions worth of shares. I'm afraid anyone who is still in at this point is a chump holding the bag while others laugh their way to the bank.  laugh.gif
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yes most of us, if not all of us knew its not old short % lol.

the more than half position is just a narrative that hedge wants everyone to believe. even if its fraudulent and/or market manipulative, the fines that SEC (will not, lol) slap is peanuts compared to the money they stand to lose from a squeeze.

you are however, correct that no one know exactly who owns what shorts.

here's the thing though, they shouldn't be able to short more shares than what is available.
they did.
so what's so surprising about them able to reduce it from imaginary shares? lol. (or their own shares circulating/being circle jerked around in their non stop short ladder attacks (which NYSE supposedly put on hold already)

is ok, we'll be the chumps smile.gif
https://www.reddit.com/r/wallstreetbets/com...mbers_dont_lie/
QUOTE
TLDR: HEDGE CHANGE MATH MAKE NUMBER GO DOWN, NUMBER GOOD FOR APE. APE HOLD = APE GO ON ROCKET

TSQuazacolt
post Feb 4 2021, 01:37 AM

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https://www.reddit.com/user/bcRIPster/comme...posed_the_meta/
QUOTE
This is going to be the biggest scandal since 2008.

Brokers selling shares that don't exist and hedgefunds shorting shares that don't exist. The market is going to fucking break and i plan to make money off it.

derravile
post Feb 4 2021, 10:39 AM

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QUOTE(lamode @ Feb 4 2021, 12:19 AM)
free commission from IBKR only applicable for US residents.
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thanks for point, personally, i dont have IB after hearing the inactive fees

down almost 10k to date haha
fuddle_duddle
post Feb 5 2021, 02:29 AM

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Still holding guys?

I sold after I saw u/dfv news have to go for Congress hearing. I might buy back in. Still on my watchlist lol

I lost like $200. Lucky I’m long holding on $tsla to cover my loss.
TSQuazacolt
post Feb 5 2021, 02:37 AM

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QUOTE(fuddle_duddle @ Feb 5 2021, 02:29 AM)
Still holding guys?

I sold after I saw u/dfv news have to go for Congress hearing. I might buy back in. Still on my watchlist lol

I lost like $200. Lucky I’m long holding on $tsla to cover my loss.
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yes sir

and yes DFV is being called to congress/hearings (F THE SEC!)
fuddle_duddle
post Feb 5 2021, 02:42 AM

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QUOTE(Quazacolt @ Feb 5 2021, 02:37 AM)
yes sir

and yes DFV is being called to congress/hearings (F THE SEC!)
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Next week on Feb 9th people said the report for shorts coming out. I AM CURIOUS TO SEE THE NUMBER AND THEN DECIDE TO BUY BACK IN OR NOT. Something tells me gme story isn't over. Tomorrow also very curious about what would happen because options expire. I saw someone strike the price in options calls to $800 for tomorrow.


TSQuazacolt
post Feb 5 2021, 02:46 AM

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QUOTE(fuddle_duddle @ Feb 5 2021, 02:42 AM)
Next week on Feb 9th people said the report for shorts coming out. I AM CURIOUS TO SEE THE NUMBER AND THEN DECIDE TO BUY BACK IN OR NOT. Something tells me gme story isn't over. Tomorrow also very curious about what would happen because options expire. I saw someone strike the price in options calls to $800 for tomorrow.
*
thumbsup.gif
borneoman1
post Feb 5 2021, 02:47 AM

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Holding on and seeing how things unfold the coming days. What a way to learn new things stepping into the stock market for the first time.
fuddle_duddle
post Feb 5 2021, 03:13 AM

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Imo, gme has legitimate long term value. Watched dfv’s research video on gme he made months ago. They are moving forward to do e-commerce. Imagine in the future gme starts to sell gaming gears internationally and gets their e-commerce running. That would be catalyst.

I’ve got the feeling there are more corporate news to come out soon. Also, I’m anticipating with their earnings call next month. Right now it’s just super volatile (reminds me of tesla in terms of that).

Tomorrow and next week we will see. Good luck everyone who is still holding. I respect.
andrekua2
post Feb 5 2021, 06:23 PM

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Condolences to all affected... Not every squeze are same

This post has been edited by andrekua2: Feb 5 2021, 06:24 PM
icemanfx
post Feb 5 2021, 07:19 PM

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QUOTE(andrekua2 @ Feb 5 2021, 06:23 PM)
Condolences to all affected... Not every squeze are same
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It was a pump and dump exercise disguised as squeeze.
statikinetic
post Feb 5 2021, 08:58 PM

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Keeping an eye on the class action suits that are gonna fly. Any retailer who is making a loss on Gamestop at the peak can pin it on Robinhood doing market manipulation.
fuddle_duddle
post Feb 5 2021, 11:09 PM

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HALTED FEW TIMES TODAY lol
honsiong
post Feb 5 2021, 11:11 PM

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+50% rise faster than DOGE.
fuddle_duddle
post Feb 5 2021, 11:12 PM

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Probably because RH finally lifted the restriction yesterday and people are buying now because they fomo
TSQuazacolt
post Feb 5 2021, 11:14 PM

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QUOTE(fuddle_duddle @ Feb 5 2021, 11:09 PM)
HALTED FEW TIMES TODAY lol
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people claiming squeeze over WHY still halt leh... laugh.gif
fuddle_duddle
post Feb 5 2021, 11:35 PM

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I bought in fractional share. less risky because it's really volatile right now. I love gambling I guess lol

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