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Reason: Fixed typo

The "float" refers to the number of shares available for trading which in the case of GME is likely none as retail traders likely own all REAL shares at this point. What's happening is that through naked short selling millions of fake shares are being created, some good DD (due diligence, just research) suggests this is a market wide systemic problem as there is almost no consequence for misreporting short positions to FINRA for these large market makers, and have been fined REPEATEDLY in the past for doing just that. A similar situation happened with VW in 2008 when the price per share rocketed to $800. The difference with GME is that there is now an army of retail trading apes who will not relinquish there shares for chump change like 800 bucks lol

2 years ago
2 score
Reason: Original

The "float" refers to the number of shares available for trading which in the case of GME is likely none as retail traders likely own all REAL shares at this point. What's happening is that through naked short selling millions of fake shares are being created, some good DD (due diligence, just research) suggests this is a market wide systemic problem as there is almost no consequence for misreporting short positions to FINRA for these large market makers. A similar situation happened with VW in 2008 when the price per share rocketed to $800. The difference with GME is that there is now an army of retail trading apes who will not relinquish there shares for chump change like 800 bucks lol

2 years ago
1 score