An excellent burn:

Not sure about the interest rate but I read somewhere Melvin cap was paying 23.6% interest or something like that. At one point they were up over 80% just on interest alone. That's why it's really fishy when they claimed covered position at 100% loss.

Honestly, idc if it goes to 0. That's the worse that it could go. But these fucks are getting literally infinite. I'm just buying in to sit on it.

padan muka those hedge funds short companies till almost 0..

Now they taste their own medicine 

later SEC suddenly find some financial accounts irregularities and stock halt trading for sure.

Maplelane got hit also

fuuuh if Melvin gang up with other hedge funds.. another battle 

Many foreigners owned Msian shares.

1. Foreign Funds borrow Msian shares off-shore.
2. Sells the Msian shares on KLSE (now Bursa).
3. Obtains RM, and remits it off-shore.

imagine the cycle in larger and larger quantity.

throw some articles on Financial Times / Bloomber on Msia

a) capital account deficit (due to huge conversion of RM to USD) [refer 3],
b) stockmarket dropping [refer 2]
after everything crash, buy everything back at dirt cheap price

KLCI Index Sep 1998 at 267.

haha I already long put option last night. It is just a matter of time before the bubble burst.

China piling in...

owner of Twitter supports the small guy

LDE = Little D1xk Energy....go google it....

its a Democrats Government....takes care of the little guy ?

anyway, of the 4.2m degenerates at Reddit WSB, i'm sure >50% are American Citizens.

they'll vote for whoever they think is on their side....

Actually I felt elites are dumb to pick up the story and ask mainstream media to demonize the narrative.

By doing so wsb will grow even faster only

Seeing how US citizen doesnt like their media and the elites(donald trump supporter), i see media kena boycott later.

One thing I don’t understand. Let’s say the price get so high that all shorts are not able to cover their bets and declare bankruptcy, what would happen next?

Could GME trigger an earthquake and cause the entire capital market to collapse?

the issue with Gld and Slv to me is that its being - in my opinion - being manipulated with the nod and wink of the Federal Reserve.

mainly to maintain the primacy of the USD.

in which case, are you ready to fight an institution which can magically print out Billions / Trillions of USD faster than a rub on Aladdin's Lamp ?  Every Comex expiration, they smash down the price of Gld / Slv......

difficult to fight an institution which has unlimited money.

at least Melvin Capital has limits.

wont work unless you withdraw all physical

i think all the brokers / HF are preparing, thats why there is broad based sellling now as other liquid assets (eg shares) are being sold just in case liquidity / solvency issues come out.

broad based selling on the US indexes.

close as in buy back the shares at loss and return it to the brokers, cos now they are 'borrowing' the shares from the broker(seller) and they already sold all the shares to retail investors when its priced at $4

so now they have NO shares in hand at all, but they have to return the borrowed shares back to the broker tomorrow (friday), so now they have to buy it back from the retail investors, but now the retail investors are not selling and continue pumping up the price

so if melvin capital cannot return back the shares to the broker tomorrow, then they will incur a heavy interest per day for each day they delay the return of the shares to the broker

definitely will ask gomen to bail them out again , just like back in 2008

if this really works, all hedge fund investor needs to be careful in the future and not let any redditors know they are shorting any stocks...

This is an over simplification. Mohon sifu-sifu here correct me if i'm wrong.

What Usually Happens

- A loaf of bread is priced at RM20/loaf

- You "borrow" a loaf of bread from Ali. Promising to return it back in 7 days (with some interest, of course)

- You sell it to Kassim. Kassim gets the bread, you get RM20.

- After a few days, the price drops to RM5/loaf. You buy a loaf of bread from Raju. Raju gets RM5, you get a loaf of bread, and a balance of RM15.

- You "return" a loaf of bread to Ali plus some interest.

- You end up with some profit (RM15 minus interest to Ali)
What Rarely Happens (but happening now with Gamestop)

- A loaf of bread is priced at RM20/loaf

- You "borrow" a loaf of bread from Ali. Promising to return it back in 7 days (with some interest, of course)

- You sell it to Kassim. Kassim gets the bread, you get RM20.

- After a few days, the price jumps to RM45/loaf. Now you have to make a difficut decision. All options sucks.

Option A

- You buy a loaf of bread from Raju. Raju gets RM45, you get a loaf of bread, and loss of RM25.

- You "return" a loaf of bread to Ali plus some interest.

- You end up with loss of RM25 + interest

Option B

- Hold from buying and keep paying hefty interest to Ali
The extraordinary part with Gamestop is that:
- greedy "investment" company over short Gamestop
- redditors (common people + smaller companies) bought a lot of real Gamestop stock and refusing to sell at any price
- the price gets pushed up gila-gila
- Either option A or B... those investment companies kaw2 rugi

its going down fast.