the short position is 140% of the free float....the short selling exceeded the available shares....






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2.9m denegrates (thats what they call themselves) x $600 =

USD1.7 BN....

thats some firepower....

getting hurt USD2.8 BN is quite a lot....

you don't understand their anger and disgust at the system.....

John Authers FT has a good article on GME and Redditor's anger.....

"Instead of greed, this latest bout of speculation, and especially the extraordinary excitement at GameStop, has a different emotional driver: anger. The people investing today are driven by righteous anger, about generational injustice, about what they see as the corruption and unfairness of the way banks were bailed out in 2008 without having to pay legal penalties later, and about lacerating poverty and inequality. This makes it unlike any of the speculative rallies and crashes that have preceded it. "

"One respondent warned that the people squeezing the shorts aren’t “a herd of impressionable youngsters with Robinhood accounts. No. They are an experienced & ruthless army of insomniacs followed by a silent legion of rapidly learning new traders. This is a new paradigm that won’t go away.”

Another told me I was a “dumb boomer” amid a screed of unprintable epithets. (Point of information: I’m just too young to be a boomer. I’m in Generation X, but it’s the intergenerational antagonism that’s noteworthy.) Another said that the short squeeze was just a way for millennials to recoup the money they had been forced to pay to bankers during the TARP rescue 12 years ago, and to put coronavirus relief checks to work:"

you are talking about the end game....i agree.....however its like saying, we are all going to die one day.....


however with a Short Interest of 120%, there is still some way to go in the process......

History is being written. Finance Classes will have to add a chapter on this situation today...

Fake news.....CNBC lied. Its like saying that Bernama confirms that the Malaysian Economy is still healthy and doing well.

sama. sama.

most important is that the Short Interest position is > 100%

the rest is noise

This post has been edited by billyboy: Jan 28 2021, 05:01 PM

at a much higher price....sure.....say 1,000 ?

and the hedge fund goes belly up....and the stockbroker to the hedge fund also goes belly up

This post has been edited by billyboy: Jan 28 2021, 04:49 PM

Make History ! Buy GME

Tell your children that you made a DIFFERENCE !

not true.....however in this case, Short Interest > 100% of available shares....

the Hedge Fund became INCREDIBLY Greedy......

they wanted to push it down from 20 to 0.5, and pay next to nothing....so they shorted more and more

until WSB found them out.....

this happens very very rarely.....

there's like 4.2m of them.........

Pltr looks toppish....

This post has been edited by billyboy: Jan 28 2021, 05:03 PM

only a techie understands the Demo Day.....i respect the potential, and i think it will be a multi-bagger.....

but NOT in the next few weeks....

GME is different....

- short interest is > 100%
- interest globally has been awakened (global headline Bloomberg). Family Funds will find Reddit/WSB, do their own DD, and pour in their $$
- the momentum will increase on the buy-side for GME in the following days.....

PLTR will be flattish for a while...probably drop back to mid / low 30s to consolidate for a while for a month or two or more......

Finance textbook will have to be rewritten

google up Short Interest

try to understand what happens when someone is desperately trying to buy back shares they shorted but you own them.

at the same time, the interest rate on the borrowed shares are clicking at a rumoured 1% to 2% a day.....

all about duration / timing.....

Elon Musk supports !

the Pipit can EAT the Helang

short position about 62m shares....

that is barely enough.....

Maplelane got hit also

Hedge Fund world incredibly competitive.

The other hedge funds would pile in on the equity side.......and squeeze the shorts dry