/biz/ - Business & Finance

I’ll buy.

Thank you

The hedge fund that's contractually obligated to buy my bags

to retards buying the "dip"

>>26755568
theres no way this is true

>>26755568
this should be a /biz/ banner

>>26755568
What a fucking retard.
This >>26755685

Melvin has no choice. They HAVE to buy. We could have the price at $9,999,999,999,999 and they would have to fill the order.

>>26755685
F a l s e a n d m i s l e a d i n g
1. Melvin is not the entire short interest
2. They covered dummy
3. The entire short interest is not sitting on the January options chain
4. You can literally see this in the volume
5. Shorts do not expire
6. The entire short interest does not need to be bought, thinking this implies there would be literally zero sellers left in the market
6a. You didn't know what any of this was three days ago
6b. You're gay
6c. You're retarded

Don’t care still holding GameStop

>>26755867
t. retard
regards
retard-crusher

>>26755976
I'll be selling to you, anon, when you fomo in at $1000 minimum. I look forward to exchanging my stocks for your fiat. See you on Friday, mate.

>>26755976
Let them believe their little battle fantasy

can't stocks go to zero?

>>26756166
You won't be selling to anyone at $1,000. Screenshot me then cry and delete it when reality hits.

The shorts and options traders that need to close, of course.

>>26755976
>2. They covered dummy
Covered what? Entire 150% of stocks they sold?

>>26756389
they "tapped out"

>>26755568
Did I hear a dip sound?

>>26755568
You have to shill the stock on /biz/ and le reddit after you post your shares for sale so that somebody picks up the baton. And someone always will.

>>26756389
Yes you fking retards. They are not lying about it, it is against the law. They would not only be broke but in prison too. Whatever though, don’t believe me and prepare your pink wojaks

The hedge fund you fucking retard.
That's why this whole thing works, unlike the other shit "next GME" stocks some faggots are shilling here.

>>26755976
>they covered
Kill yourself jew

>>26755976
>One hedge fund's leader posted a YouTube video saying he covered his short so the whole 138% of the float has been covered

>>26756632
>They are not lying about it, it is against the law.
you mean like blind shorting?

>>26756389
>1. Melvin is not the entire short interest

>>26756632
>They would not only be broke but in prison too.
Shorting 150% of a companies stock is illegal too, laws don’t exist for wall
Street

Get raped you worthless piece of trash. Squeeze hasn’t happened, no reason to sell

>>26756832
What other big name companies are kvetching right now?

>>26756632
>but in prison too.
yeah when was the last time that happened to a hedge fund lmao

you stupid fags can check the short float right now

>>26756736
>6. The entire short interest does not need to be bought, thinking this implies there would be literally zero sellers left in the market

>>26756632
That article cites the youtube video,
he can say they "closed their short" but mean he closed 1% of his total position if he wants

There simply wasn't enough volume on the post and pre markets at the time he supposedly did it, so the short is not fully closed

>>26755753
like this guy
https://old.reddit.com/r/options/comments/l5ycjl/gme_bulls_brace_yourselves_for_this_inevitable/

>>26755976
Wrong

>>26756570
That's not a thing, retard

>>26756632
Cool fake news from CNBC, but if you actually take a second to look at the fucking exchange you will see the numbers haven't moved. There is some talk of them even doubling down on shorts at the peak in an attempt to recoup the inevitable loss, but that requires them to FUD shit beyond belief

>>26756788
This would be far more serious, they wouldn’t do it at this position. Anyways, enjoy your fall retardo

>>26756852
>t learned about it yesterday from investopedia
It won’t happen too, I ll be here to screen cap all the pink wojaks

>>26757154
See
>>26756852

>>26756632
Or its weasel words and they closed (a fraction) of their positions. Nevermind the conflicting article about them "not revealing their positions" at all as part of their company policy.
Either way, if you actually closed you have nothing to worry about Melvin. Relax, bro!

>>26756852
>Shorting 150% of a companies stock is illegal too
Melvin was not shorting 150% of gamestop you dumbass, they weren't the only hedge fund shorting gamestop
Most investment firms keep their shorts extremely secret

>>26757027
Keep holding then, you were to blind to see in time. enjoy the fall! Don’t forget to post your fav pink wojaks

>>26757041
There is no free lunch, enjoy the fall!

>>26757319
>about them not revealing their positions
Melvin is one of the few firms that lists their shorts in their earnings reports.

>>26757041
it is, they "tap out" of having to buy the short. they say that they're "tapping out" and they're no longer obligated

>>26757314
>>26757319
I have nothing to worry about, I just can’t wait to see all your naive minds getting crushed by the reality of this going to shit. All this will be even better since I did warn you, like other people, but you didn’t listen.

>>26757705
>d-d-don't take on the establishment if you know what's good for you!!
fuck you. I'll take you with me.

>>26755568
Melvin Capital

>>26758254
You won't be selling to them. They took a huge loss already and bought their way out of the short.

>>26757041
You mean that week old screencap you've been shilling for three days straight? GME SI is less than 100.

>>26757970
You had your chance to take them on when the lockdowns started
You had your chance to take them on when the blm riots started
You had your chance to take them on when they messed with your election
You had your chance to take them on when they called you all terrorists

You missed all that because you don’t care about that, you are driven by green and that will be your downfall. I will be here to soak it all in

>>26758397
>posting the same lie over and over again
You lost. Admit it. Come Friday you will be forced by your bank to suck on my cock. Just get it over with.

>>26756073
do you know what shorting a stock means?

>>26759310
It is the truth, but keep coping holding, let’s see how that works out for you

>>26757427
>There is no free lunch, enjoy the fall!
Nice try Melboned/Shitron

>>26758683
Look again retard, shorts still at 98% and float 250% https://financhill.com/most-heavily-shorted-stocks-today

>>26759930
It went firm 140% to that, Melvin ain’t shorting it exclusively. Do hold though and let me see those pink works later

>>26760260
From* Wojaks*

>>26758397
The short never closed, you aren't fooling anyone

>>26760260
[citation needed]

isnt sell to sell back to the company?
how else would your order go through instantaneously?

>>26760474
Let me know how the dirt tastes when you hit the ground then investopedia investor

lol.
zats the best you could participate in?
Illiterate mid-wit confirmed.
camy to you and “kill your gf”
Don’t beg me to kick you off from this thread
wanna make profit - use your fucking brain and go for BASE
That’s all I can tell you

>>26760640
There were screens of it I did not save, go look in the archive of yesterday, you will see yourself. Won’t fetch them for you, your money your problem

>>26760848
Do I look like your personal jannie? Fuck off

>>26759355
Yeah, do you?

Question: what if the people they borrow it from just agree to take cash at like $100 per share and don't force them to buy the stocks back?

>>26760965
You money, your problem
Enjoy the fall

>>26755976
>they covered
>shorts do not expire
you're an absolute retarded shill. 0/10

>>26755568
Reminder Mods and Jannies are not our allies they are comped Why did they show themselves now
Holding until Friday

>>26761115
The rationale is that they still made money, and they don't want their hedgie buddy die

>>26755568
Imagine thinking we're actually trying to make money off of this. This is occupy wall street 2.0

>>26761164
I'll enjoy my easy money, thank you very much.

>>26755867
Theoretically, I guess yes. But it won't ever come to that. I have about $6500 invested and while I do not want to lose money, I am genuinely curious to see what happens these next two days.

>>26761115
> What if the people who aren't obligated to take the loss decide to take the loss for them while at the same time circumventing the market
Would be really strange, probably illegal

So if people start selling en masse on Friday will the supposed squeeze be dead?

>>26756181
Thanks jew for outing yourself

>>26759930
Oh look SI <100 like I literally just told you.
>>26760260
It went there because melvin is fucking out.

>>26756632
LOL smooth brains believing this. This article is pure pilpul

>>26761554
Totally legal. Shorts can approach their lenders and offer them a premium above basis to cover. Or they can go bankrupt and lenders get nothing. Guess which one they'll pick?

>>26760682
Whats wrong with investopedia? Or educating yourself?

>>26762018
>Or they can go bankrupt and lenders get nothing
What kind of backwards US law is that? You should get all your assets liquidated to repay debtors if you go bankrupt. And also, are we sure they are going bankrupt at all?

>>26762284
Trying to make big boy moves when you still require basic market education

>>26762018
It also wouldn’t surprise me if they got a bailout. The government seem to just be throwing money around.

>>26762578
Uh if the memes on here play out where hedge funds need to buy the entire float yeah they're going fucking bankrupt.
The law is contract law.
You and I have a contract. We can amend that as we wish, regardless of the objections of reddit outsiders.

>>26755976
kek....sure thing buddy. it's the same game we played on bitmex. there's only one way to close a position anon.

>>26762768
I'm not sure it's that easy when those contracts impact third parties, but I'm not expert on fiance related law

>>26755568
>how did I ever forget that there are hedges on the other end?
>how did I ever forget that people buy low and low is subjective to whoever considers a price “low?”
>OP: Im a dumbass.

>>26763104
Creditors always have rights above the rest. Nevertheless. There is no obligation for parties to a short position to make sure broad market speculators get paid. They were willing buyers of the going market price. It's no different than if you and I agree to sell shares at less than market value.

>>26761658
Yes. It's a high dollar game of the prisoner's dilemma
Last ones out hold the bags

>>26755753
Correct on all accounts.

you guys really think the govt will let you holocaust the chosen people like this? get ready for your dose of jewmerica on the next episodes

>>26763427
That's why we have to simply hold the price
The higher the better but fundamentally we only need to hold above $115 ($175 optimistically)

https://ns.reddit.com/r/wallstreetbets/comments/l60euz/theory_the_hold_is_working_and_the_squeeze_is/

>>26757027
There were 20billion in volume today. They're out by now.
But keep holding. I want some laughs tomorrow too, but on your expense this time.

>>26763427
>Last ones out hold the bags
Beginning to look like I should just close out on Friday squeeze or not. Relying on all the normies getting in on this to hold over the weekend seems a surefire way to hold that bag

>>26755568
umm, the kikes on the other end who need to cover their short positions?

>>26763992
He posted the video before today's trading, there was nowhere near $20 billion in after hours trading, fool
It's a complete bluff

>>26764202
It's not just on Friday, all the short positions don't have to be covered at once, but for us it costs nothing to just hold the stock
See
>>26763740

>>26764438
>all trades happen in the open market
OTC.

>>26764438
>but for us it costs nothing to just hold the stock
My meme price target is $1000 and i've thought that way for a while, but if this thing gets to 500-700 a share that's house buying money for me and idk if i can trust normies to hold

>>26764881
Welp, that's the play, we'll see what happens
The more normies that know how fucked the shorts actually are the more will hold
There's plenty of normies to hold since this exploded that have a way higher cost basis

>>26765125
Even if there is a large normie selloff on Friday do you think the collective /r/wsb and everyone else that believes in $1000+ will be enough to reach that despite that?

>>26763992
>There were 20billion in volume today.
Pics or it didn't happen

>>26765429
If we can hold above $115, the unironic answer is: Yes

>>26765429
I'm putting limit sells for a couple shares at the high meme prices at 10k & 25k.

During the VW squeeze their shares hit 32 THOUSAND for a few minutes.

>>26765793
>the VW squeeze
Tell me more

>>26755568
ROW, ROW FIGHT THE POWER