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 GME Gamestop, making men in suits BLEED

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zacknistelrooy
post Jan 29 2021, 12:24 AM

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QUOTE(yunodie @ Jan 28 2021, 10:12 PM)
I think you are missing the point here. its not about pump/dump or buy high sell higher. its about hedge funds being caught naked selling up to 1.4 times its free float and to cover they literally have to beg someone to sell. at this point the squeeze hasnt even taken place.

every one is holding on for the squeeze and late comers wanting to get on the gravy train have to pay a premium obviously and the paper hands are willing to sell it.
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Taking from left hand and giving to right hand doesn't make a difference to the system.

Not every hedge fund is short those stocks and there a ton that are long that also regularly manipulate the markets and now they have even more profits to do it.


Do also know that they have made Donald Foss turn 12 mil to 500 mil based on yesterday price.

He is the founder of a subprime auto loan company that charges 8% above for auto loans.

zacknistelrooy
post Jan 29 2021, 07:38 PM

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QUOTE(Quazacolt @ Jan 29 2021, 07:19 PM)
In the near future many years later...
"Son, once upon a time, on January 2021, I'm about to tell you a story about how your everyday ordinary people took a fight against the world's wealthiest elites, and how your daddy was a part in fighting the good fight!"
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Really............

You did not take the fight to elites.

Everyone just destroyed some hedge funds who did not know about risk management while making a ton of other elites really rich.


Donald Foss who is a Republican donor and the person that founded a subprime auto lending company that takes advantage of people with poor credit.

He bought shares at around $4 for around 12 mil and now it is worth close to 1 billion if he hasn't sold.


He is also one of the many hedge funds that are long stock

Haven't even touched about Silverlake and others who are making big bucks from other stocks riding the coattails of Gamestop.



https://www.opensecrets.org/donor-lookup/re...der=desc&sort=A

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This post has been edited by zacknistelrooy: Jan 29 2021, 07:39 PM
zacknistelrooy
post Jan 29 2021, 09:05 PM

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QUOTE(Quazacolt @ Jan 29 2021, 08:39 PM)
i think, most of us knew/know, that they have unlimited cash, and one Melvin dies, 10 more will take its place.

but, that doesn't matter nod.gif
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Well it does matter if people are pushing the narrative they are doing it for the small people when the majority of the pie is still growing and owned by the elites.

Sure there are retail traders there that made money and good for them but if that pie is small and you all have infused even more cash to other elites then that creates a whole lot of other problems.


If you all are going for tendies then just say it and not use the guise of fighting those elites.


.................................................

The big holders for anyone interested

https://news.gamestop.com/stock-information...ional-ownership

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This post has been edited by zacknistelrooy: Jan 29 2021, 09:06 PM
zacknistelrooy
post Jan 30 2021, 12:48 AM

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QUOTE(Quazacolt @ Jan 29 2021, 09:31 PM)
i'm adding another reply on top, that yes, i am acknowledging and agreeing with you that this will create a lot of other problems, and some baddies / elites/ titans WILL profit out of this. probably more than that one Melvin lost.

However, if all this does not get highlighted, the status quo remain, when does it end? until a bigger global economy crisis when someone did a bigger oopsie?
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Short interest as a percentage of free float dropped to a 8 year low at the end of 2020.

This isn't going to cause an economic crisis.

The short squeeze has been going for quite a while but only now the media picked it up.

user posted image


What is going to cause an economic crises is global central banks continually contributing to the distortion of capital markets.

The Greek 10 year yield was 40% 10 years ago and now is at 0.6%

That is where risk lies with.

QUOTE(Quazacolt @ Jan 29 2021, 10:48 PM)
yeah need to spam it
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https://finance.yahoo.com/quote/GME/key-statistics?p=GME
Shares Short (Jan 14, 2021) 4 61.78M
Short Ratio (Jan 14, 2021) 4 2.81
Short % of Float (Jan 14, 2021) 4 226.42%
Short % of Shares Outstanding (Jan 14, 2021) 4 88.58%
Shares Short (prior month Dec 14, 2020) 4 68.13M

https://www.marketwatch.com/investing/stock/gme
121.07% <--- 1% INCREASED
WTF HOW  IS IT EVEN LEGAL TO CONTINUE SHORTING MORE?!
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Nasdaq releases short interest twice a month so wait and see if really they reduced their shorts.

https://www.marketbeat.com/stocks/NYSE/GME/short-interest/

Currently after asking around there are only predicted models available and those might not be accurate.

Probably those with $ will have the data already.

I could be wrong on this but that is what I know so far

 

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