the end is going to be interesting
Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.
Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.
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Jan 28 2021, 10:32 AM
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#1
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644 posts Joined: Apr 2007 |
the end is going to be interesting
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Jan 28 2021, 12:34 PM
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#2
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644 posts Joined: Apr 2007 |
but what did the investment banks do actually? Short the position in the hope that Gamestop's price will go to zero?
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Jan 28 2021, 01:05 PM
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#3
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644 posts Joined: Apr 2007 |
QUOTE(whyamiblack @ Jan 28 2021, 12:44 PM) Short = Pinjam share from broker, sell now at current price, buy back later. Cheaper price = gain, price up = loss. but how do they manipulate? If they are just placing "bet" hoping the price will come down, the most it gives is the impression that people are dumping the shares. but thanks for your reply. Basically, they manipulated and short the stock from 20+ down to 3. They got overconfident and doubled down. If the stock goes to zero, all their gains basically have zero cost. All at the expense of gamestop and their investors. They got found out and the rest is blablablablabla go find and read or youtube if malas. It will be interesting to see how this pans out when it all ends |
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Jan 28 2021, 01:20 PM
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#4
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QUOTE(steady bro @ Jan 28 2021, 01:10 PM) they are allowed to short 140% of the floating shares available, imagine theres 1 million shares, but they are selling 1.4 million shares into the market, where the additional 400k shares come from? magic lo LOL, the extra shares really and because suddenly got so many shares selling flooding the market, it will bring down the price of the share by alot |
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