Wall street elite investors wanna fuck up GameStop for shits and profit.

Reddit gamers caught wind of it and fucks up wall street investors at their own game

Said investors are going bankrupt in just two days thanks to gamers messing with stock market

Now rich elites are crying "MUH ECONOMY, MY MILLIONS! ".

Most simple explanation in greentext format.

Also, short squeeze stock explanation.

200k redditors pump the price.
Simple terms,
Hedge fund short the stock hoping when it goes down they will profit.
Example price now 50rm, if drop to 20rm the hedge fund pocket 30rm difference.
But when 200k ppl buy 1000rm each, the price from 50rm go to 90rm. So instead of pocketing the loss they need to pump more money in to cover the bet.

Hedge fund didn't buy the stock but make a bet saying will go down.
So when go up they are negative losses.
Now when everyone pump to 200rm, the hedge fund need to cover 150rm loss in each stock.
So if hedge fund bet 100k unit at 50rm to go down, now since it goes up, that 100k units is at -150rm per unit.

So their losses at 100k X 150rm which is 15mil.

But from what I read, it was from 20 over USD to 150 over USD..

So imagine if you buy 10 mil unit at 20 usd, if price goes down to 10 you will win 100mil USD. Now it's 10mil units X 130usd so your losses will be 1.3billion

Aiyo kp. Time to learn hw to read those financial stuff. Imma jz a noob.

Layman explaination- ask@5000 means seller are asking for a price of 5k.

Later hedge mgr follow the rally, and sell after xxx profit cover initial short. smal fry noob peasant kena double conned.

I want to blast u guys but im feeling generous this morning.

If they can sell on peak u think they dont do it already?

The thing is they over short the shares by large margin.

Technically the retailer own share that didnt even exist. Now they stuck in a mode that if they want to get out, they must pay the retailers for their shares.

They make GME price fall as low as 3$ highest peak is 400$. If they can sell, why not sell at that time? Who con who?

And even more curious why etoro and Robinhood block any attempt to buy more the stock, only allow selling???

Even the main news are pressuring retailers to sell. So, if u think Melvin is waiting for peak, u r so not understanding the situation.