opened at 265

now 466......amazing.....

When my grandkids ask if I fought in WWIII I’ll tell them - YES, I was a bag holder of $GME $AMC & $NOK and that I held the line

When they ask if anyone died, I’ll tell them @RobinhoodApp

difficult to buy....

its like the volume is tightly controlled and coordinated between the buyer and seller, so that they loose minimal shares, but make the system / algos to clock a sharp drop in price.

it'll bounce back.....

focus on the short interest.....

this is all Awe n Smoke....no substance...

sounds like Helang / Pipit ? same same

some people in USA are in big shit because of what happened in the last 12 hours...

when Pipit find a way to make money, they shut them down....guess what, Pipit will gather together.....next step will be interesting....

f the squeeze had continued Citadel and Point72 would have had to bail out Melvin Capital again (which is odd since it was CNBC that also reported yesterday that the hedge fund had closed its shorts [fake news by CNBC]... which apparently was not exactly true).

And while $2.75 billion may be pocket change for Ken and Steve, $5 billion starts to look like real money. And what if it has to be followed by $10 billion, $20... and so on. On the other hand, if they did not throw more good money after bad, not only would their initial investment be wiped out, but once Melvin was forced to start selling its longs to fund its margin calls - which also happen to be the names contained in the Goldman Sachs Hedge Fund VIP basket biggest longs for Citadel and Point72 - that's when the real carnage would take place as everyone would scramble to frontrun the upcoming liquidation.

The result would have been billions in losses for Citadel and Point72.

[this could trigger the long awaited stockmarket crash in US - maybe]

article from ZH. comments in brackets are mine.

According to financial data analytics firm Ortex, short-sellers - mostly hedge funds - are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies just in 2021 alone!

Add puts and other underwater derivatives, and the real loss will be even greater. And just as striking: Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms.

ZH

Empire Strikes Back....

Tech Tycoon vs the People

This post has been edited by billyboy: Jan 29 2021, 09:47 AM

how they dumped the GME shares to force down the price.....trip all the margin financing retail investors......

Short Seller was greedy.....they thought they can short the shares down to less than $1, and make more profit.

However the risky part, is that, their Short Interest (Shorted Shares / Available Shares) was 140%, about 120% 24 hours ago...probably lower a little by today.........

the Hedged Fund was UNhedged, and totally greedy...........thats why they became risky.....

this is - i think - is market manipulation by the Empire.

remember yesterday most brokers stopped buy orders.

then someone sells 443,000 shares at 120. USD53m - one bloc - surely its to crash the price down.....

trip all the margin buyers who gets killed.....

the broker msg the margin buyer, pls top up within one hour (if lucky - usually no notice) otherwise i will sell your position.

broker then dumps all these shares to their Buddy Hedge Funds at 120.....and then the price picks up....

now premarket price is 263

Pipit totally screwed.

TLDR

- Stockbroker Gang with Hedge Fund to screw Retail Investor
- Stockbroker ban BUY of shares
- Hedge Fund forces down the price
- Retail Investor face Margin Call / Forced Share Sale
- Hedge Fund scoop up cheap shares
- Retail Invester screwd.

you are reading the narrative of the EMPIRE.....it includes the Hedge Funds / Stockbrokers / Media (bloomberg / CNBC)

balance your view....go read Reddit / Wallstreetbets.....


its like reading the Star and believe it as the TRUTH from heaven

hint : key word is the Short Outstanding postion....

pre market price is up......

i think Stockbrokers / Hedge Funds now worried that Washington and SEC starting to pay attention and get involved.....

source ?


than the game is FAR from over.......

i'll sell my GME at many multiples higher

yesterday i had queued at 155, and 180 when the price was 10% lower....none got transacted.....

so its a false market.....just to kill the margined account...

actually, i think most of the buyers bought weeks / months back using long dated out-of-the-money call options (which are seriously in the money now) so they are not really affected by these wild volatility.

unfortunately my broker doesn't offer option....sigh.....

somone said short position still 129% of available float.....

EMPIRE sez they are winning

but the Reddittors still holding the Hedge Funds balls in their hands.....

i wonder if this will trigger a global depression.......

1. GME share price shoots up to 5,000
2. Hedge Funds collapse. Potential loss of USD70bn ?
3. Stockbroking houses collapse as Hedge Fund liabilities passed down.
4. Washington and SEC pressured to step-in.
5. Redditors / BLM / ANTIFA / MAGA band together to fight the EMPIRE.
6 Washington / SEC reluctantly lets Hedge Funds / Stockbrokers collapse.
7. Demand for USD40m Mansions collapse / High end property dumped
8 Banks NPL goes up as Property Confidence collapse....
9. Unemployment goes up....
10. Unemployment cheque runs up.
11. S Africa Covid wrecks havoc with increased fatality rate.

Voila....the Great Depression of 2021.....started by GME.....maybe....with a dose of imagination

still more than 100% short position.....Redditors / KTards.....go squeeze Melvin Capitals Balls....buy GME

key word is the Short Position....



if they sold more than 100% of the shares, and interest rates are killing them....

and you own the shares.....you got them by the balls

about 5bn USD now....

google Melvin Capita and Maplelane...

there are others

This post has been edited by billyboy: Jan 29 2021, 12:28 PM