anything involved fucking up rich capitalist pipu i fully suppork
fark the rich

Don’t think they can cover 130% by just buying from major shareholders.

They have to buy all the shares to cover. That’s why it’s called short squeeze.

those HF will sell to them at market price, so they wont buy it because it will make them bankrap instantly n they dont have money to buy it also

wat they are doing now is spread more fear n fake news to force weak hands to sell n then drive down the price greatly

take note that the lower the price drops, the lesser their losses, the higher the price increase, the bigger their losses

Dont forget, the HF and all other Billionaire laughing the fella billionaire who vested his money to GME.

Just imagine your friend laughing you buying proton and keep tell you proton is shit. And they said proton no value, always shit...which is obvious BUT you see B40s still buying proton, Demand for proton is high. X50 booked. Long line X2000 people..

All fullly booked, Your toroya friend meanwhile, also booked all the toroya.. and still waiting 24 months..while proton 5 month waitlist.

So who is shitter than the shit now?

This post has been edited by Syie9^_^: Jan 30 2021, 01:19 PM

seems like blackrock is selling. but still, thats too little compared to the whole thing

Sangka baik

He woli fomo in then when the bubble burst mana kena burn and 14th floor

Also not just robinhood block buying
Some other brokerage like fidelity, webull, mentioned it's their clearing partner, Apex clearing enforce such restrictions

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On Thursday, 28 Jan 2021, GME/Gamestop share price dropped 44% to US$197 after many online brokerage, eg Robinhood, stopped the buying of very-shorted GME and other shares. It can drop again. Will Retail investors who bought at >US$300 per GME share, be catching the falling knife.?
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[not investment advice - from WSB]

I am a hedge fund manager (long-short, derivative mixed equity fund primarily value focused with some growth). In the past we have been value holders of GME three other times and started a small position today nears it's intraday high and will likely add to this next week should the stock fall. Previously all my Reddit comments have involved my e-Skate collection or my landing of my airplane in challenging conditions (see: https://youtu.be/Rn7XoYKlZl0) However, I can't resist commenting on the fascinating technical factors that likely will continue to propel this issue higher - perhaps significantly so over the next few weeks. Andrew Left's mocking derision of retail investors may prove to be his waterloo. Why would a value focused fund manager buy a stock that based on classic fundamental value analysis appears significantly overvalued?

GME appears to be a very interesting example of individual stock reflexivity. What is reflexivity you ask? This is the theory, originally promoted by George Soros that the stock market itself can cause the economy to either rise of fall (as opposed to the classic teaching that the economy affects the stock market). An example of market reflexivity would be the great depression whereby a crashed market brought down an economy that was only in an ordinary recession, or the recent improvement in the economy, not withstanding Covid, which has followed a rising market. In GME's case the rise in the stock price itself will likely result in fundamental improvements to the underlying economic metrics of the company. Why?

As the price of the stock rises, GME finds itself in the enviable position where it can use it's stock at currency to buy complementary businesses it could not otherwise afford - monetization of the current short squeeze by the enterprise will lead to fundamentally higher revenue and profits of the enterprise should they find good strategic acquisitions to further monetize their large retail customer base (which has real and to date largely untapped value). The company is likely right now on the hunt for a major acquisition that could fundamentally alter the companies future prospects with that acquisition largely paid for on the back of short seller covering.

Monetization of the short covering increase in share price via issue of a secondary . The $500 million in debt (net of cash) the company currently has could be entirely extinguished with a secondary that is dilutive of only 10% of the equity base. In fact such a secondary will, despite this dilution, likely result in a significant price rise for the stock (versus the usual fall in price after most, but not all, secondaries). Bankruptcy risk will largely be eliminated with this secondary as will interest rate risk and financing costs ultimately increasing cash flow per share. A 20% secondary will leave the company in a strong cash positive position with this cash available for expansion of sales efforts, cloud offerings, acquisitions, etc.

Directly increased sales and revenue by virtue of the large amount of attention this epic short squeeze has brought to the company. I suspect most long retail stockholders have explored the companies web offerings and are considering becoming customers. This is free advertising to people with money who are tech savvy and the exact demographic GME would target with paid advertising.

Retention and efforts of existing management now becomes easy. Every manager there wants to see this continue. Operations at companies with sinking share prices typically suffer as management and employees leave the enterprise or develop anger and lassitude (think Sears Holdings). The opposite is occurring here with every manager trying to beat their numbers to see the squeeze continue.

This issue remains extremely heavily shorted. Despite the squeeze that has already occurred, other "value" based investors have dived into short positions as the price has risen. The short positions of this issue appears (although I can't be certain) to exceed 100% with all available shares already lent out from marginal accounts and probably a lot of naked shorting going on as well. Although I don't yet have the current data on todays short position, I can say for certain the stock remains very heavily shorter, perhaps more so now than at any previous time. Today, I called my broker asking about the availability of shares to short and the borrow costs. We have one of the larger accounts at our brokers firm and I was able to speak directly to the "hard to borrow" desk. No borrowable shares are available at any broker, anywhere, at this time, even for high borrow costs or even from other brokers. This extreme short against a small common float, made more extreme no-doubt by naked shorting, could end very poorly for those short this issue. As they are forced to close out their positions, the stock will continue to rise and continue to exacerbate the positive effects the rising price has on the above 4 issues.

Impossible to know really where the stock goes from here as there does currently exist a disconnect from fundamentals. However, the extreme short position against the unrestricted common float here suggests to me there is a much greater chance of GME's price continuing to increase, perhaps significantly so, and this chance is far greater than the now fearful pundit in hiding's proclamation that the stock would soon see $20.

For what it's worth, over the past 13 years of this funds life, we have significantly beaten both the overall market and the dow, (12.2%/year margin over DJIA inclusive of dividends since 2008). We have had plenty of losing issues despite this beat but also way more big winners, some really big. Right now my money's with the retail investors who are long GME. We only have a small position here but this may prove a big winner for us also. Cheers.

TLDR: 🚀

They can make strategic acquisitions using shares

They can issue shares to destroy the bankruptcy story

Infinity squeeze and higher sales = free marketing

GME management will work hard because they are jacked to the tits with their shares up 400%

No shares available to borrow/short

One exit hedge fund have is if the company diluting their shares, issuing new shares. But at above 100%.

The current boss will not be the boss anymore if someone out there want to take them out of the ownership, but it is dying industries. It can bring in alot of money for the current owner no doubt.
It will also leave bad aftertaste to retail investor, the company will be boycotted

Basically one off profit. I'm not sure if the board of directors will want to dilute their shares.

This post has been edited by wanted111who: Jan 30 2021, 01:39 PM

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True.

The affected HF can also hold a portion of their massive 130% of short-sells of GME stock for as long as possible by paying just 5% annual interest to the brokerage firm = 0.42% interest per month.

Eg if GME share price is US$300, it costs just US$1.20 for the HF to hold the short-sell of one GME share for 1 month = if 1,000 GME shares = US$1,200 interest per month. Correct.?

This battle between HF short-sellers and the posse of online Retail investors on social media may end up with who chickens out first = thereafter GME share price crashes down to earth at about US$10 per share.
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PING PING PING> TELL THE WSB!!!

https://meaww.com/game-stop-owners-founders...eddit-elon-musk

ummmmmmm that drop is different since it is caused by robinhood stopping the buy. Im answering to you asking about the potential drop due to Melvin capital and citron closing short positions......why u trying to twist this?

Sound like you really wish for GME to crash some reason.


This post has been edited by TrialGone: Jan 30 2021, 01:46 PM

how i wish they will continue wolf of wall street 2.0

interdasting story

I read at reddit their target projection even more than 1k. How high the chances to reach that level?

And does it seem too late if we buy nokia, amc or bb now?

i think you are delusional to imagine that Short Seller can borrow at 5% to buy a share.

Ask your stockbroker how much he'd charge you for share margin financing. Its much higher than 5% for a 'safe' stock. How about for a highly speculative stock ?

One source mentioned to me its 29% financing fee for GME.....if you can get it........still checking....

We don’t no.

It will reach to a point where the hedge fun will come out and talk to settle the matter.

If the hedge fun is bankrupt, next will be the broker to go bankrupt.

I don’t no how ugly is it if broker go bankrupt.

The chances. is Inevitable. As long you go



Everything is Possible.

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Afaik;

Those HF started short-sell GME shares a few months ago, ie about one month ago, the holding cost for the short-selling of GME shares was only 5% annual interest.
....... r/WSB only started its short-squeeze drive against the HF short-sellers of GME about one month ago = GME share price rose through the roof from about US$10 to >US$400 per share this week. So today, the holding cost to short-sell GME shares is much higher and it seems there are no borrowed shares of GME available for short-selling.
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