/biz/ - Business & Finance

>>29353435
Would you rather your shares in limbo for a few days or no shares at all? You don’t understand the severity of the situation we’re in and I’m being adamant about this because for the squeeze to work we’re gonna need real shares. This is for anyone whose thinking of transferring out of Robbinhood into a boomer tech broker.

Fidelity didn’t buy 20MM shares of GME to make gains, they purchased more stock because 1) if the shorts go bankrupt it’s up to the brokers to buy them in the open market and 2) to hedge against the market collapse as HFs liquidate their assets like Lehman Bros. and Bear Sterns did in 2008.
>>29353249
You might find the second paragraph relevant.

>>28492545
This is pertinent, I think. They might be given more time to deliver the shares. Burry also tweeted this:
https://www.newyorker.com/magazine/1959/06/06/a-corner-in-piggly-wiggly
where a similar extension of the deadline occured