/biz/ - Business & Finance

>>26542113
No, because it's 100% fundamentals.
GME is a $15 billion company. Stop believing journalists who blame retail for short funds and their really really stupid bets.

>>26531973
>The shorts aren't getting wiped. They're just opening up longs
That's net zero and absolutely not the MO of short funds, retard.
The best they can do is improve their basis with swing trading and they have been so exceedingly irrational this whole time I doubt they've had the foresight to do so with decent timing.
>Short positions initiated on a company with bad fundamentals
You copy/paste that and post your image as much as you like. It's just wrong bro.
>>Short position holders saw the opportunity to keep their losing bets to lure in more money, but also establish long call positions
It's amazing how this class of people just did everything perfectly right in your telling of the tale, even though they could have just closed the original short. You're fantasizing.
>First short squeeze occurs
>Retail feels like they're beating institutions
>Institutions fan the flames and see 100x returns
And trim, and scalp, and get a negative basis. Unlike the shorts who maintained an irrational position, and can find articles justifying their wrongness on any market news site. Guaranteed I'm in a better position than them despite your they-all-did-everything-perfectly fantasy.
Check out some short funds annual filings. They are wrecked. Not because R*ddit and R*binhood are bad boogeymen who don't beleive in fundamentals, but because the short funds were FUCKING RETARDED about real fundamentals.
>Institutions will time their exit and retail will hold the bag waiting for $1,000
Good. Fucking. Luck. Silly ass goalpost mover.

>>26504444
That's what happens when retarded journalists credit R*ddit for what is clearly a correction based on fundamentals, and even more retarded hedgies believe them.
I'll keep find undervalued and overshorted companies and the boomers will keep missing out.

This GOD DAMN REDDITORS thing the boomers have going on is fucking funny guys. They think Reddit can buy 200,000,000 shares in a day. They don't understand that retailers who survived Amazon and are pulling through COVID and keeping up with tech trends are hot growth stocks. They get emotional and angry and they blame people who can't possibly responsible. They say young investors don't care about fundamentals and value. Ridiculous. They just suck at fundamental analysis because they're in denial of how weak the dollar is, how weak legacy industry and manufacturing is, and how strong a savvy business can be in an economy that changes faster than they're used to.
>stop hurting us Reddit
I'm going to keep making money for decades, purely off fundamentals. And when they ask me how I will say "it was clearly fundamentals. GME is a $15 billion company now and you missed out." AND THEY WILL NEVER BELIEVE ME so I will keep taking their money.
What a time to be in this businesses.