/biz/ - Business & Finance

>>26736429

It's not normal for someone to short over 100% of the market cap of a stock. They got caught with their dick in their hands.

>>26736429
Stock trading is much more accessible than it was 5 years ago. Multiple exchanges and phone applications that allow for trading with zero fees lowers barriers to entry. The amount of people that have started investing for the first time is really high, and their little contributions add up.

More importantly

Can i get in NOW and ride the wave with you guys? I wanna put 500$ but I don't know if AMC or GME

>>26736630
Interesting, so how often does something like that occur?

>>26736429
basically, GME was shorted to fail, but then redditors flew in and jacked up the price by buying up the cheap stock and refusing to sell it

This only worked because some big wigs gambled hard on GME failing - now they're gonna be losing out big time

>>26736526
fpbp. hope the economy crashes from (((institutional investors))) trying to exploit robinhood retards.

It's all orchestrated. Everything here since like 2008 is 100% co-opted and orchestrated. Luckily for us we've been chosen to be wealthy and powerful. But don't go believing that the CIA isn't calling the shots

>>26736429
Happened to VW in '08

>>26736784
Never. GameStop is shorted 140% of stocks available for trade. To compare, the next most shorted stocks are Dillards at 90% and Ligand at 65%.

They got greedy and are now paying the price.

>>26736966
True.

I think it helps scare people into not shorting bitcoin which is pretty much guaranteed to be red candle for February.

>>26736966
What's your proof

>>26736429
Revolut doesn't accept my bank and Apple Pay is saying I've hit my limit despite spending less than 100 on Apple Pay this year, what give?

>>26736772
Buy GME then put gains into AMC

I have nothing in the game and am not an expert but a few other things happened to make this a perfect storm.

GME started buying back their owns shares. They allocated up to 300 million but only bought 200 million. Betting they wish they would have bought all 300 million. Also someone new on the board who convinced them to buy back some shares also started buying after looking at the books and realized they were actually setting pretty good. With the massive short positions and the huge following on wallstreetbets it just took off.

>>26737400
Melvin have bought out their position retard. You cunts are literally bag holding and too dumb to realise.

>>26737246
idk have you been here for any major happening ever? lulzsec ring a bell?

>>26737246
My uncle Darrell works at the Taco Bell near the Pentagon. He told my dad about it.

>>26737636
No they haven't. They've been FUDing all day, too.

>>26737636
They haven’t, they just say they did to get you to sell. If they actually closed their massive position, you would have seen a gigantic price spike. Not to mention there is simply not enough volume for them to close.
I don’t expect them to outright lie since that might be legally questionable, but at best they closed like 10% of their position, and that’s being generous.

>>26737503
I hope gamestop gets rich by adding some online "authorized retailer" status for virtual games, with an interface good at suggesting games you might like. they deserve it after bankers tried to rape them behind a closed mall.

>>26737834
Fuck me cunt, you are either shilling or dumb. They are out. It’s publicly disclosed data. It’s literally bag holders left and even worse you are holding citadel and point 72 bags. You’ve all been played unless you’ve cashed out.

>>26738168
The negotiated an exit price. Did you actually think they just had to buy every stock? That’s not how it works.
>$100m odd short position at $20
>banks other side
>negotiate $2billion odd exit with banks loaned from citadel and point 72
>point 72 and citadel flipping positions on plebbit retards to cover their loan
Believe me don’t believe I don’t give a shit but you are bag holding.
t. No point even explaining my background as I will get called larp

>>26736429
>why hasn't this happened before?
It has. This is what a 54% short looks like.
Gamestop is over 200% right now.

>>26736429
Because Ryan Cohen wasn't interested in bringing the company back from the brink of death 5 years ago. This is a short squeeze based on the idea that Cohen's presence and leadership would drive the price of the stock over the short's initial entry.

>>26736526
is it done pumping though? It's bound to go higher before friday.

>>26738667
Even if Melvin is out the stock is still shorted over 100%. The shorts have actually increased, as shorts have tried to time the top all over again.

>>26737111
Checked.
But things change rapidly.
Ligand now also in gammasqueeze territory.

>>26738667
And why do you think they came out to say they closed their position when previously their stance had been to not disclose the status of their positions publicly? It’s such an obvious attempt at manipulating the market.

And feel free to talk about your background. Larp or not, we can all see the expertise of industrial capital right now, lol.

Young people are pissed off that we are all broke

>>26739112
6.3 days to cover is absurd, once shit starts coming due we will see rolling margin calls wipe out firms

>>26738881
Yeah but how much higher? 10%? Higher, not so sure. Big risk for little gain for anyone getting in now. I'll just sit on the sideline and enjoy the show.

It's extremely unusual for a stock to be shorted 140% of total outstanding stock supply. Partly because it's now illegal, and partly because it's fucking stupid and if anyone finds out, they can buy all the stock and have you by the balls. It probably won't happen again for another 10 years.

Melvin did not say they bought back their position. CNBC said they heard they bought back their position. All in the bullshit wording. I don't think they could of unwound that huge of a position in this short of time.

>>26739579
This situation is legitimately going to go down in finance books. Its a fascinating situation and a good example of how over leveraged hedge funds are.

>>26739022
And they are correct. It’s an incredible time to short of you have the liquidity. The current market cap is $25bn on a company with $3bn over inflated paper assets. I’m not being a shill, hopefully hedgies were taught a lesson and tonnes of anons have made 10x+ along they way but it’s over. It’s literally only bag holders now. Call me a FUD but at least screencap me and apologise when I’m correct.

>>26736429
Because it's not reddit, friend. It's blackrock, vanguard group, and RC Ventures crashing the sureties with no survivors.

>>26739733
The squeeze is yet to come and you’re talking about bagholding.

>>26739763
Related

>>26737246
nothing organic ever happens

>>26739211
>It’s such an obvious attempt at manipulating the market.
This isn’t crypto, the SEC has very clear rules.
>background
DB MD at 31 GS partner 35 semi retired

>>26739705
Absolutely, but stories like this are already in the history books. Professional traders are just idiots who act like sheep. Read Fooled By Randomness.

>>26736891
Good. Fuck them.

>>26739977
Bruh of the SEC cared about the manipulating power of the media CNBC wouldn’t exist. You think Melvin gives interviews and press releases because they just love blabbering about their business strategy? They say they closed their position because it is beneficial for them to create an image that the party is over, everyone sell or be left holding the bag.

>>26736429
I understand less that half of the posts in this thread

Since when did biz actually learn how to trade?

>>26736772
FUCKING AMC WE REALLY LIKE AMC FREN, TRADE MAY BE HALTED ON GME

>>26739977
>goldman sachs partner
are you guys getting fucked right now?

>>26739351
>10%? Higher
More like 100% at least. If they get margin called and have to cover they absolutely have to buy your shares.

>>26739733
>It’s an incredible time to short of you have the liquidity.
Actually it's not because that would be naked shorting, which is illegal. Also, DAILY interest rates for GME stock are through the roof right now because demand is so high on both sides: the reddit longs and the fund shorts. Plus, people who already have short contracts still have to buy which will drive the price up in the near term.

Just because a security is overpriced doesn't mean that shorting it is the right move. Even put options won't work because who'd be stupid enough to write a put on GME right now? Nobody.

The only thing a retail investor can really do with GME right now is either stay away or buy a few shares and hope to sell them before the near instantaneous crash when all the short demand dries up.

>>26740477
>that would be naked shorting, which is illegal.

good joke, anon
very funny

back in real world, naked shorting is exactly what's going on and SEC didn't regulate jack shit after the financial crisis and here we are

>>26740340
We mostly hide in /smg/ or pretend to be pajeets to scam newfags. There's very little point in actually discussing serious trades on a mongolian yak milking podcast site.

>>26740428
I don't trust anons to hold. Maybe I underrate their autism but I'd be cashing out pronto

>>26740649
Yes, naked shorting is what's going on. No, you as a retail investor will not be able to do a naked short on GME in the middle of a short squeeze.

>>26736429
Robinhood changed the game

>>26738205

Show me the fucking data you shill kike

>>26740764
naked shorting is why hedge funds are losing billions of dollars
why would I want to be naked shorting a stock that exploded?

>>26740668
On Monday I bought at 97 and had a limit sell order in for 200 expiring end of day. Once I saw that this wasn't going to be a flash in the pan I let it ride and now I have a limit sell order in for 2000. If we break 1k and hold overnight then I'll up it again. The problem isn't paper hands per se, it's when EVERYONE's hands go paper all at once. The short squeeze is still on until the shorts are done entirely.

>>26739733
>analyzing market cap based on assets
ask how i know you're a larping retard, not some secret wall street insider

>>26739579
>it's now illegal
its not illegal. its bullshit but its legal

>>26736429
A combination of a few things:
1. Mass entry of retail investors with a low cost platform such as Robinhood
2. A centralized community of like-minded individuals able to discuss positions instantly across the US (not feasible without the internet, became much easier post-2010)
3. Last, but absolutely critical for this, the ability for investors to notice when a stock is over-shorted past 100% of its shares, and for some retarded firm to do so

#3 may have happened many more times before, but may have either gone unnoticed or simply noticed by few that couldn't take advantage of it due to lack of suitable capital as individuals or untouched since wallstreet boys may have had an unspoken rule to not fuck each other when they could be fucking the retail masses instead.

>>26741495
Naked shorting is illegal now. It has been since 2008 when naked shorting of Lehman bros and another bank put the final nail in their coffins. I'm just unware of the SEC actually enforcing the law.

>>26740477
Firstly, I'm not that guy, but another retard. Why not buy a put on this thing with an expiration in a week or two? After all this shit GME will be at 40 bucks again right?

>>26739763
nice of them to invite us along for the ride i guess

>>26740651
This, if you were in smg (the real one, not the current spam thread that's wearing its skin), you knew about the GME short squeeze since the summer, before WSB.
It's better for all of us if the media thinks it's Reddit, though.

>>26741550
>or untouched since wallstreet boys may have had an unspoken rule to not fuck each other when they could be fucking the retail masses instead.
This is exactly what normally happens. Funds that try to act predatory without a good scapegoat (like right now, reddit isn't nearly the biggest fish in this pond) get destroyed by regulation and lawsuits after the fact, and everyone involved gets blacklisted. Madoff was the same way: he wasn't punished for running a ponzi: he was punished for running a ponzi on the chosen people.

>>26739351
>>26740428
>>26740668
>>26741210
hmm, I may buy some and cash out into bonds. /r/ the actual text or the most specific independent analysis of the situation.

>>26741593
then how is all of the talk of SEC about investigating reddit and not the hedge funds caught breaking the law?

>>26741665
>Why not buy a put on this thing with an expiration in a week or two? After all this shit GME will be at 40 bucks again right?
Go look up how much a GME put costs right now. Nobody's stupid enough to write options on GME when its volatility is through the roof already and there's a short squeeze coming down the pipe. You'd get fucked whichever way you sliced it.

>>26736429
usually there's isn't 140% short interest

honestly no one has explained to me how they did this legally, since naked shorting is a crime

>>26742074
For one, talk is cheap. Otherwise, because corruption.

>>26738667
>t. No point even explaining my background as I will get called larp

Welcome to your first anonymous forum faggot. Nobody cares about your degree or your background. We care about sources and data, and you are coming up real short right now.

>>26742074
>then how is all of the talk of SEC about investigating reddit and not the hedge funds caught breaking the law?
The media is owned by the parent firms of the funds pulling this shit. Plus, the funds themselves are running PR campaigns making themselves out to be the victims of market manipulation (collusion) which normally is a thing that happens, but to file a lawsuit and win you need to prove the perpetrator knowingly lied. Telling the truth about a short squeeze opportunity is totally legal.

If there was any justice, the SEC would come down hard on everyone who has a short position in GME and the next ten most shorted stocks. But the government is totally corrupt and we live in clown world so GME $1000 EOW.

DOES ANYBODY HAVE THE SCREENSHOT OF THE SNEAKER HEAD 4CHAN EXPLAINATION OF GAMESTOP?

>>26740668
Take a peek at wsb. The delusion is LINK tier. They will hold. Maybe for too long.

>>26736764
>Stock trading is much more accessible than it was 5 years ago
lol That was the line 21 years ago for the dot com boom

>>26742720
And it was true then and it’s true now.
Not like anyone actually thinks GameStop is worth this much, everyone is aware it’s gonna pop eventually. But we’re along for the squeeze.

>>26740371
I left two years ago. But to answer your question broadly no, this is an incredible time to be an IB. Equities are booming and you are cashing in on hedgies coupled with govt spending, strong commodities and bond issuances. M&A has been a little quiet but that’s about the only negative.
>>26740228
Melvin has investors. You can’t just disclose you have exited a position you haven’t. Regulators aren’t perfect but they also aren’t the Wild West.

>>26741550
It's not even US. It's worldwide. Literal 18yos from Australia buying in. I'm from Estonia(Europe). Even if Reddit/4chan is just a scapegoat, the collective money we have is probably in the hundreds of millions if not billions.

>>26742950
Like I said, I don’t expect them to outright lie. But the article is full of weasel words. I’m sure they closed some of their position, but again, 10% at best.

>>26741405
No shit they aren’t totally linked but it was the simplest way to give a comparative for a company that has no growth story.

>>26743100
Oh and sure they have investors, but this wasn’t some shareholder report where the rules for this stuff are indeed strict. This was some going to a public outlet to get a story into the news and create a narrative. As long as they’re not outright lying, you can say anything.

>>26736526
Wrong

>>26741550
>Yurop
how are u buying we don't have robinhood here

>>26742610
I have never seen turkey skin titties before.

>>26740477
>DAILY interest rates for GME stock are through the roof right now
How much are you claiming they are?

>>26736526
shill meme. watch out, you'll be seeing this a bunch tomorrow

>>26740764
>No, you as a retail investor will not be able to do a naked short on GME in the middle of a short squeeze.
The fuck are you talking about. I am literally naked shorting it right now

>>26743427
Brokers exist in Europe, anon

>>26743427
The UK has a bunch of similar companies. In Germany most banks offer investments with the option of manually controlling your trades (as opposed to the bank managing your money) but sadly the rates and fees are much worse than at those fancy broker apps.

Was the general banned? Is it illegal now to talk about your favorite stocks?

>>26736764
Add the hatred towards wallstreets and the rich elites in general plus frustration from the plandemic

>>26737636
Wrong

>>26736630
How do you check out the short numbers held?

>>26743727
t. Bag holder

>>26743608
duh but idk what's shit and what isn't, not like im touching gme bc i'll make nothing at this point but would rather not miss out on future opportunities if they arise.

Can someone explain to me how GME isnt a 100% safe bet (ie no reason to sell early) considering 140% of the stocks are shorted?

>>26736429
Oh it’s happened before and it will happen again. People just weren’t paying attention cause it was all memecoins all the time. I vaguely recall incidents like this happening in a semi high profile way at least once a year.

What makes this go different is that it’s retail vs hedgies. Usually it’s a few hedgies battling it out with retail taking both sides. In all cases one side goes tits up.

Let’s see iirc last years hype beast. TSLA has been one that was battled over, Herbalife as well, ggg? The 3D printer craze a few years ago was a hoot. Nat gas scare after that, oh a whole fund went under last the year before last I think it was when volatility blew up that inverse vol fund. There’s more. It actually happens ALL THE TIME. Usually like I said though it’s hedgies blowing out hedgies and retail left holding the bags.

>>26745002
They could come to terms and take it private at an agreed upon valuation. If that happens and you own stock over the price they agreed to buy the company for you are basically fucked. It’s in essence a forced buyout at a prearranged price. Let’s say 100$ / share.

I feel that’s pretty unlikely. First GameStop would have to agree to it and why would they unless the offer was huge. Second. Buying the company would likely cost more than covering the stock. Last you’d need a buyer and a deal would take time. Rumors usually get out before it’s a done deal people know and stock price reacts accordingly.

>>26737111
Brainlet question: how is it possible to short more stocks than there are available? Would Gamestop just issue more stocks or what?

>>26736630
What is to stop them from doubling down, and just shorting the stock again. Its clearly going to crash. It can't stay this high.

>>26736526
Kek this

Yall niggers best believe in pump n dumps... youre in one

>>26745002
Simple. Melvin has poured $3B into rotating out their positions that were going to be called EOW so they have a stay of execution. They are betting that the people who got into GME are going to take profits and bear the stock. They are hoping it will collapse. Remember, Melvin's new short positions are somewhere between $120 and $145 so if the stock falls back to $20 or less they can exit relatively unscathed. It will still hurt but they will live to fight another day. The early longs will get their tendies and the NPCs will be holding the bag.

>>26736630
why is the price crashing now?

>>26746193
A short is selling a stock you borrowed to be bought back and returned at a later date. Theoretically, it’s fine to short more than 100% as long as there are plenty stocks floating (available for trade). They all don’t expire at the same time, so you can pass around the stocks without running into too much problems.
But right now, people are buying and holding the stock. Shorts are fucked.

>>26745002
SEC could make up some BS and screw you over

>>26746826
No clue but if I had to take a wild stab in the dark, I'd guess institutions like pension funds and ETFs are selling shares to rebalance their portfolios, and they're doing it OTC after hours to help out their hedge fund buddies while meme investor buy orders aren't being filled.

>>26740668
thats the point, we need to hold together

>>26746826
because small amount of people who cant trade right now are just selling to eachother to lower the price

>>26746826
wsb having technical issues, their discord got hacked or something

>>26738746
How's AMC shorting atm? GME is going good for me and I want to diversify

>>26736429
Essentially wall Street bets got together enough money to pump the gamestock stock up enough for institutional investors who shorted it to start having to buy them at much higher prices to keep their standing. This kept on happening, so it kept pumping the stock higher and higher. Most of the gains didn’t actually come from wallstreetbets money but from instituational investors constantly buying it at higher and higher prices

>>26745002
You ever watched The Producers?
That's what Melvin Capital was doing.

And we just made them go right.

>>26742950
>You can’t just disclose you have exited a position you haven’t
oh please, there are a million ways to shift liabilities off balance sheet, for the short as well as the long term

>>26738746
How can you tell where the top will be for GameStop? Anyone know? I’d like to buy put options to make some more gains on the ride down.

>>26736526
That's nice, except plebbit was in on this way before biz.

>>26749920
>How can you tell where the top will be
you can't

>>26736429
it happens quiet often. look at herbalife in 2013. its just hasn't this big.

>>26749920
Guesswork and magic.

>>26746826
Retards gonna be retarded.

Paper hands gonna be revving up those wojaks first thing tomorrow to Seth at the opening price after they got shook out on a 10 share dump in the overnight that moved the market. They will ToMo their now lessened capital back in at or near all time highs and sell low agiain when they are squeezed. I swear I’ve no et chihuahuas that were more steady and rational than the weak NGMI zoom era who are losing their shit in this stock every day as it keeps going higher.


Like how do you lose money and get BTFO of a stock that has traded in the same 8$ range for the past ten hours?

And if you aren’t trying to sell to cut losses what the hell are you doing? Taking profits when the market on this thing is basically just trading single shares of stock at a time? Are people honestly this stupid ? There are only two legitimate reasons to be selling here, you want to push the stock lower to shake out the rubes and scoop their shares cheap for the ramp tomorrow or you want to push the stock lower to shake out the rubes and scoop their shares cheap to cover your shorts.

I don’t care if you bought AMC at $3 selling here is moronic. Maybe especially if you got the shares in single digits.

>>26750004
You niggers actually got one. Nice. Now kys

>>26748460
They were banned from discord cause someone was naming the tribe that shall never be named.

>>26742252
Think for yourself. 500% could be shorted without any naked shorting occuring

>>26749920
over 1k for sure.

>>26742459
It's illegal to short now? Jesus christ people get out of your fantasy land

>>26750317
What, the niggers or the kikes

>>26743427
Degiro

FILL MY 1000SHARE BUY ORDER AT 12 YOU NIGGER JEWS I NEED MOAR

market it so thin they couldn’t fill my order right away cause it’s trading only 1-10 shares at a time. I’ve got another five tranches to fill between 12 and 11$. Come find my bids to unload those heavy bags from you tiny paper hands.

>>26750967
Of course it was. You could say cracker, honkey, goy, whatever else you wanna call whites and it’s not only just fine it’s actively encouraged.

>>26746826
Someone just sold $187 million worth of shares at $327. Some large Wallstreet investors most likely.

>>26750004
/biz/ was talking about GME over 6 months ago

>>26736784
naked shorting was outlawed after 2008 but i guess they have some kind of loophole

>>26743761
The question that never gets answered. Why?

>>26756158
S3. Lurk more.

>>26750663
no, but it should be illegal, or at least banned/regulated, for a situation where over 100% of a company's share's get sold short

>>26746193
It's like fractional reserve banking but with stocks.

Do you antisemitic incels really think Biden and Yellen is going to let this get out of control, to the point where it threatens the economic stability of the United States?

No. The White House has already made it clear that they are monitoring the situation, and the fact that it's a bunch of white supremacists incels profiting off this market manipulation should make for additional motivation for Biden and Yellen to take action soon enough

This had happened for decades. This is just the first time its been done by random hive mind internet people

>>26738667
Nobody gives a fuck about your pedigree
>what do ya got to say

>>26758673
> the fact that it's a bunch of white supremacists incels profiting
Sheesh. Nice try Chris Cuomo

>>26736429
Spanish fag here, I'm putting it in and maybe the shures from Forocoches (FC) will bet on GME too. Don't listen to the buy shills nor the BB, NOK, and AMC shills. Lets fuck the eternal jew all together anon bros.

>>26754369
>>26736526
>>26750004
Save this image. SMG had this first, you guys just copy pasted our scheme.

Couldn't have done it without you though.

>>26736772
amc

dont buy the top of GME

I guess the Glowie 4chan jannies will find out Friday now won’t they

>>26736429
>Can someone explain to a smoothbrain why hasn't this happened before? Why now? If it's so simple, why didn't someone think of doing this on a forum 5 years ago?
2008

You know how ants are dumb little drones but a colony of ants is a type of superintelligence that harvests, farms, breeds, defends, attacks, and senses?
Autistic anons are developing colony techniques