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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27167570 No.27167570 [Reply] [Original]

w-why didn't anything happen on friday?
that was when they were supposed to close their short positions r-right?

>> No.27167714

>>27167570
Hedge Funds doubled down and are hoping to outlast in a war of attrition. All people need to do is hodl GameStop longer.

For every day GameStop remains high, faith in Hedge Funds collapses. For every day it remains high, faith in Wall Street collapses.

If GameStop remains high, then soon no trust will be had of financial institutions.

>> No.27167775
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27167775

>>27167570
HODL, for Jiemi-chan!

>> No.27167807

>>27167570
That was the starting day of this shit
They have the ability to pay their late restock interest with cash for a short while, but ultimately that is just delaying the inevitable

>> No.27167863

>>27167570
keep holding, it's fud from the hedgies, the plan as always to HODL till next monday. that's when the shorts ill expire, wall street will be forced to concede and give all gamers infinite money

>> No.27167885

>>27167570
>WHY DIDN'T LE STUPID REDDIT SHIT WORK
Because you're a fucking retard and dumb nigger ape and bought into reddit hype like a dumb fuck kike nigger

>> No.27167893

>>27167775
fuck, I'll put 10k in for Jiemi-chan

>> No.27167915

They already pulled out, as soon as WSBtards realize it'll all come tumbling down.

>> No.27167918

>>27167775
fuck off, pedo

>> No.27167964

trust the plan

2 weeks

>> No.27168016

>>27167570
Robinhood massively reduced the volume. Keep holding.

>> No.27168068

>>27167714
This. They manipulated the price last week and got out of about 10% of their shorts. Still over 100% though. They are hemorrhaging money every day they hold those shorts, even over the weekend.

>>27167915
MELVIN did. Shorts still around 110%-120%.

>> No.27168208

>>27168068
>MELVIN did.
Melvin *claims* they did. They even paid for ads to be plastered everywhere saying they had.

Now why would they do that? What good does it do for them to pay advertising dollars when they're out? Unless...

>> No.27168246

>>27167570
Because while their shorts run out on Monday, they still have all of Monday to buy their stocks. We expected their final push yesterday because we thought they wouldn't want us to go into the weekend with optimism. They did test the waters a bit yesterday, but their actual counterattack did not happen yet. Monday, this war will be decided. And afterwards the stock is either dead or it will go to the moon.

Also, even if they would have made their move yesterday and even if we had won it, the stock still wouldn't begin to go to the moon until Tuesday.

>> No.27168352

>>27167918
kys you fucking jew

>> No.27168463
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27168463

>>27168208
Fucking this. I'd actually be more worried if Melvin would just have kept their mouth shut.

>> No.27168474

>>27167570
The hedge funds pay interest for not returning borrowed stock.

So holding too long means all posible profit is gone and losses mount.

At some point hedge funds will eat a big loss.

That point is likely based on math models.

the $300-$400 seems to be the break point for hedge funds to sell shorts that are out too long with no possible profit return.

TLDR: the rockets couldn't happen because the bottleneck couldn't be tightened that much. But there has been considerable gains to be had anyways.

>> No.27168500
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27168500

>>27167915
but if they pulled out why did robinhood add new restrictions on other heavily shorted stocks?
wait, unless they're trying to make people think that they didn't pull out so the stock price will keep pumping and they'll short it again for when people inevitably that they DID actually pull out and it crashes.. oh god

>> No.27168523

>>27168208
Fair enough. I'm going on the idea they can't actually be THAT retarded but they did participate in a 140% short.

>> No.27168561

>>27168474
but michael burry says $1000 plus

>> No.27168654

>>27167570
Because nothing will happen
At this point they have become schizos

>> No.27168764

>>27167885
>fucking retard and dumb nigger ape
Lmoa

>> No.27168801
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27168801

>>27167570
When they froze trading the day before they swung it from 300->100->300 again switching up their positions and then doubling down with their shorts with a 3 billion injection from their hedgie friends. Instead of just taking a loss they are going to fight back. The other hedgies are afraid that if retail/normal investors win this one time, it will embolden you to try it again. So all the hedgies and clearing houses need to stomp this out at all cost to regain control.

>> No.27168894

>>27168068
Melvin Capital has yet to pull out

>> No.27168932

>>27168801
This anon gets it.

>>27168894
See>>27168523

>> No.27168985

>>27167863
The squeeze happens when it happens. They could delay indefinitely (at great cost to them). Just hold.

>> No.27169174
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27169174

>>27168801
How does any of that solve the problem? People will just hold onto Gamestop stocks forever because they know the hedgefags can't keep injecting cash forever.

>> No.27169199

>>27167885
Retard, it's a traditional market. Theyve stall techniques. Its already happening.

>> No.27169283

>>27168932
It's less that they are retarded and more stubborness at this point. Remember these are the same sort of people who during the Wall Street Crash were photo'd drinking champagne.

They think the little people will fail again and that will he the downfall. Not only are the little people now getting rich off GameStop and similar short squeezes or PND's but it's also making the market lose faith in institutional investors.

Why should I listen to these rich people, when I can follow Elon Musk on twitter and just buy what he tweets and make 100% gains?

Why should I pay and waste time getting advice from them, when I can browse Reddit and make 400% profit in a day?

>> No.27169413
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27169413

>>27168500
>(((they))) want you to think they covered
>(((they))) want you to think they didnt cover
I CANT TAKE THIS SHIT NO MORE

>> No.27169419

>>27169283
Fine line between retarded and stubborn. The coming week will tell

>> No.27169571
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27169571

>>27167918
>pedo
Not that anon, I despise pedo shit but a -tan mascot is definitely not

>> No.27169615

Ordinary traders are getting itchy fingers to short GME, they are just adding to the squeeze

>> No.27169698

>>27167570
Two more days!
Trust DFV and trust the plan!

>> No.27169759

>>27169174
The price of the stock can't stay permanently inflated either. It's a game of chicken

>> No.27169890

>>27168801
We will try again even if this one fails tho
Especially since some people made massive profits

>> No.27170254

>>27167775
>J-J-J-Jiemi and the Bets

>> No.27170358
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27170358

https://youtu.be/cuCcchMOsKE?t=11

>we made the decision in the morning to limit the buying of about 13 securities on our platform
>to be clear, customers could still sell
>and that's what we had to do as part of normal operations

Wow, how gracious of him to allow people to sell and take pressure off the poor hedge funds. It's all just part of normal operations.