If I understand correctly, Hedge funds have been selling excessive 'put' options so it gives the impression that a stock is in a downward trend. This bleeds a lot of companies dry and makes the fund money. A sort of soft manipulation.
Gamestop had over 100% short positions. /r/WSB said fuck that, buy Gamestop and prevent MMs from taking advantage of the company while screwing over these Hedge Funds. The options are a form of contract that they can't just let go of and expire on a designated date to sell a stock at a given price.
Since the stock price has gone from ~$17 to over $300, these hedge funds have already lost several billion dollars. And it's still gaining momentum.
Sold Gamestop shares at 230%. ( meaning 130% of what they sold don't exist in portfolio) Now need to buy them back by Friday deadline. No one is selling in fact they are buying so price of share is up 93%. Losing billions. Bailed our by other hedgefunds. Now multiple hedgefunds losing billions. Banks bailing out hedgefunds. Now banks losing billions. Gamers are not selling. BOOM BOOM BOOM BOOM sound of crashing hedgefunds; banks; wallstreet; economy (which is FAKE anyway) Just in time for a new, fair, asset backed system to be brought on line. I love it when a plan comes together.
I'm wondering if I should pull my 401k out of the funds and hold as cash until whatever this is finishes. No idea, not to savy on the trading thing beyond buy low and sell high.
Imagine some bank made a contract to sell your car to someone else. Not a similar model, but the actual car you own. You know the someone else will absolutely force the bank to honor their contract. But it's your car. What's your asking price? That's basically what's happening, except there's more than one bank and they agreed to sell it to multiple buyers. None of the buyers are forgiving types and are perfectly willing to kill the banks.
How will this crash the market? Edumacate this pede here
If I understand correctly, Hedge funds have been selling excessive 'put' options so it gives the impression that a stock is in a downward trend. This bleeds a lot of companies dry and makes the fund money. A sort of soft manipulation.
Gamestop had over 100% short positions. /r/WSB said fuck that, buy Gamestop and prevent MMs from taking advantage of the company while screwing over these Hedge Funds. The options are a form of contract that they can't just let go of and expire on a designated date to sell a stock at a given price.
Since the stock price has gone from ~$17 to over $300, these hedge funds have already lost several billion dollars. And it's still gaining momentum.
Sold Gamestop shares at 230%. ( meaning 130% of what they sold don't exist in portfolio) Now need to buy them back by Friday deadline. No one is selling in fact they are buying so price of share is up 93%. Losing billions. Bailed our by other hedgefunds. Now multiple hedgefunds losing billions. Banks bailing out hedgefunds. Now banks losing billions. Gamers are not selling. BOOM BOOM BOOM BOOM sound of crashing hedgefunds; banks; wallstreet; economy (which is FAKE anyway) Just in time for a new, fair, asset backed system to be brought on line. I love it when a plan comes together.
Is this what they call a pro gamer move?
LMAO
I'm wondering if I should pull my 401k out of the funds and hold as cash until whatever this is finishes. No idea, not to savy on the trading thing beyond buy low and sell high.
Imagine some bank made a contract to sell your car to someone else. Not a similar model, but the actual car you own. You know the someone else will absolutely force the bank to honor their contract. But it's your car. What's your asking price? That's basically what's happening, except there's more than one bank and they agreed to sell it to multiple buyers. None of the buyers are forgiving types and are perfectly willing to kill the banks.