Home Forums Hunting & Shooting Hunter's Campfire Nobody on here is following the biggest story in America today?

Gamers gonna game.

IIRC when GME kicked off it was 5 bucks a share. Why hedge guys are shorting 5 dollar stocks is beyond me.

Thos doesn’t seem to bode well for the future of hedge funds in general.

The short sells started getting noticeable when it was around the $10 mark. Around the middle of this month when GME climbed up to about $20 on good news the shorts started selling a lot of calls, to the point where something like 140% of the total shares outstanding were being shorted. What is happening is a mix of a squeezing the (((people))) who shorted the stock and have unlimited risk, and putting gamma pressure on the call (((writers))) so they can't hedge or at least it is very expensive to hedge.

(((Melvin Capital))) needed $3BB from their fellow hedge funders to close out their position yesterday. It looks like (((Citron Research)) closed theirs today and it will be beautiful to see what it cost them.

If any regulatory changes come out of this it will probably be limits on options so retail investors can't get leverage like this again. Levers long enough to move the market are usually reserved for (((the financial elite))).

I saw on Twitter that the short sellers lost $14.3 billion today on GameStop.

Fuuuck em.

They will be coming after it all pretty soon. You think your 401k is safe?

Think again. It’ll need to be redistributed the social good. Just look the world over.

It’s coming.

In a single deck game with 4 other players and 4 aces still out there after the first round ...................it is certainly not bad business.

But, depending on where I'm sitting, it just might pissmeoff immensely

Really?

I kinda enjoyed watching the fortunes won and lost on GME, but in all mathematical fairness, I'm not sure it should be possible to short more shares than actually exist.

You mean like

"There oughta be a law"

??

I’m too old to be playing that game any more, but it’s a wild ride.


I’ll sleep easy tonight. In that game it’s not easy to stick it to the man.

Well done young bucks !

Shorting is always a futures play.

You have the time of the contract to purchase the shares.

Better get busy.

Sure going to suck buying @ 350$ to fulfill @ 18$.

Reap the Whirlwind.

https://twitter.com/DonaldJTrumpJr/status/1354643375610322945

I had fun with it all day today. Got about two hours of sleep last night, but it was worth it!

I see in extended hours it reached $420 so that's another goal down.

If $1000 falls before close today, then $1488 before Friday close would be in the bag.

This bit of elitism from the shlimazels at Citron didn't hold up well.

There was a sizable Verizon internet outage on Tuesday (1/26) morning into early afternoon, impacting the east coast. Seems like it happened right as the big frenzy got started.

https://nypost.com/2021/01/26/is-verizon-fios-down-internet-outage-spanning-northeastern-us/

Things that make you go.... hhhmmm.

I did a good bit of work on real estate in and around Brooklyn, and it would not surprise me at all if those Jews had that Verizon fiber cut to slow this thing down.

(((They've))) issued Order 66 to activate their shabbos goyim. Elizabeth Warren issued a statement. A couple of brokerages have put reduce only restrictions on GME and AMC, and AMC announced a dilution.

The cool thing about this, is it will provide insight into some market mechanics that were previously dark arts.

My guess is in a massive bear market at some point in the not too distant future. If I knew when I would tell ya'll and we would all get rich together.

I remember this exact same talk about the "little guy" being "empowered" and "they don't control it WE do" when Etrade first came out in the late 90's early 2000's when that bubble was riding the crazy train. The people squeezing the short sellers today probably were in diapers. God I feel old.

Anyway like another person said how in the heck do you short a low float stock and make it public anyway? That is democrat voter stupid right there.

This a fascinating thing going on

On one hand it looks like a buch of little guys sticking it to "the man " but why? That is a big financial risk just for revenge.

Or a bunch of folks working together to move the market to make a pile.
But that takes coordination, and you have to cash out of your position to make money, and when thet srart cashing out this thing will drop so fast a lot of those folks wont get out on time.

That leaves my third thought, a major player (China?) , causing a disruption in our markets to weaken us.
I do believe there are people jumping in now that there is
momentum to this, but I think a larger player started this.

Sort of ironic, the folks that think they are sticking ir to the big guys, are following an even bigger player.

Dunno, I am just a dumb farmer, but something seems off to me.