Investment & Investing

https://youtu.be/DdpVzzXWOTA

The short sellers with the real money (and no pressure from the broker to cover the margin) will just hold out longer as they will eventually be able to cover their positions for a much smaller amount, and possibly even back as a profit. (For example, if they shorted it at $20 originally, drove it down to $3 and got greedy looking for more, they only need to get it back down to under $20 and they can cover their options and still make some money.)

What's real money? One of the biggest shorters (Melvin Capital) already got loaned almost 3bn to cover their losses / margin. And they might not have even closed their positions yet.

I think it's a long way from over yet.

“These are not normal times and while the (Reddit) ... thing is fascinating to watch, I can’t help but think that this is unlikely to end well for someone,” Deutsche Bank strategist Jim Reid said.

Front page news. Reuters’ reporting is going to shit. Time to short!

https://www.reuters.com/article/idUSKBN29W131

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Tempted to throw some money at this just to have a hand in fucking some hedgers over.

@mancub @MrBaklava

If anyone wants to complain about being denied services earlier today... wouldn’t suggest using this persons wording but food for thought.

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wouldn’t suggest using this persons wording

I dunno, it's kinda funny. The people at the FCA need a laugh sometimes.

How long will people hold this for? Like, at what point do you think they'll lose interest and try to cash in? In the reddit world did they have a plan or is it just to see how high they can drive the price and then at some point people will let go and cash out and then everyone will cash out.

There is various themes but the unique thing is it seems to have turned personal. The lengths CNBC and other finance news sites are going to protect the hedge funds is ridiculous.

Main themes;

1. Hold for infinite cash and watch the world burn...
   
2. Sell at 1K (most likely, especially if it closes above $300 today).
   
3. Sell at 5k (who knows)
   
   

I have 1 share, and happy to hold it to the bitter end for a bit of fun since the weather is shite.

I think it's a long way from over yet.

Agreed, this has legs. There's no way Melvin have closed their positions, CNBC's report pre market open that they had screams of collusion, no way Melvin could close out their short just like that. On Bloomberg TV they showed that today there were twice as many puts than calls, so the shorts are trying to short their way out of it. If retail investors hold and just simply don't sell, this can run in a rising price/hedging feedback loop until Melvin is buried and then someone still has to be liable to close those short positions... Does that land at the broker's door?
This isn't a pump and dump so SEC can't cry foul, it's a legit squeeze. If you're mad enough to short over 140% of the float then that's on you. Shorting is big risk, big reward. Well Reddit is trying to ram this metric shit tonne of risk down the HFs throats.

I've got no skin in this, just enjoying watching it unfold from the sidelines... MJEatingPopcorn.gif

What would you do? #hippyisalwaysright

I mean, I want to buy a single share just to get involved. But then I'll forget about it and it'll be worth fuck all by the time I remember I bought it :D

👏👏👏

I invested in an Aussie cannabis company for much the same reasons and it's one of only two stocks/shares/whatevers that are losing me money. The other one is some UK tracker.

I'm in with 50 bucks, just for the ride

What are your bets for open tomorrow? $450?

I only have a SIPP pension fund thing so if I want to stick money in it I need to know if it's eligible for tax relief (gross or net amount). I've no fucking idea. I assume since I'm permie I've already been taxed so it's a net contribution? Fuck I hate money

$440 dip back into $380-90 but will shoot back up *not financial advice.

I can't fucking wait.

I'm guessing that the majority of people who are saying "hold, it's going to go higher" are secretly selling out to the new bunch of people piling in late.

inclined to agree with this...

but see also.
"It won't work because we are retarded"
"I love you all you beautiful autistic bulls"

What are your bets for open tomorrow? $450?

Just north of $500, the talking heads on BB and CNBC will be losing their minds if it happens.

Yup - this was the reason I bought shares back in August and then it all went a bit mad over the weekend. rest is history

Yeah, I want a share and then hold the fucker until this all plays out. It's definitely got the feeling of a "finally we can fuck over those firms that have been taking us for a ride and receiving our bailouts for years" vibe to it.

https://twitter.com/AOC/status/1354536220110577664?s=20

😍

Dude who kicked this whole thing off is still in... sitting on almost 50 million.

https://www.reddit.com/r/wallstreetbets/comments/l6ekdz/gme_yolo_update_jan_27_2021_guess_i_need_102/