GameStop....want the truth as to why info is being suppressed? It’s not to protect the billionaires from losing money.
?️ DISCUSSION ?
It’s because a group of ?’s figured out that working together they have far more power than the much larger grasshoppers running the world.
They are terrified that the message will spread to the other ant colonies....because when it does, the truth is revealed: The grasshoppers don’t have the power...their existence is based on the illusion of power.
They (big tech/Wall Street/government) are simply attempting to quell revolution.
Power back to the people.
I'm not a stock trading guy but I'm trying to understand the sitch: Gamestop was being targeted by the Brokers on WallStreet to drive their price down so they could get a deal on the stock. Then the anons on reddit got wind of their evil manipulations, came up with a way to screw the greedy manipulators by using the Short sell strategy against them. This could only be done in great numbers and only if they could all work in cahoots, which the internet now allows. If this strategy works, they will have out-manipulated the manipulators and can do this to WallStreet over and over, throwing off the control collars of the 1%. That is returning power to the people. Is that correct, Stockanons?
In a nutshell. As a community we hold the power. The big news here is how did they short more shares than existed.
Reminds me of the counties that received more votes than voters. Simple math that all can understand.
"How did they short more shares than existed?" They're elites, therefore they cheated. That's what elites do. I hope Stockanons hammer em good. I don't understand it all but I'm so proud of you smart asses! WWG1WGA
Answer: Naked Short selling. Search it up on Qwant
To my understanding naked shorting isnt illegal, but just should be, due to the massive risk. So far, hedge funds were happy as pigs in shit because they could manipulate that risk for huge gains. Now that they are on the losing end though, they are crying like little whiney bitches.
^^^^THIS^^^^
It’s the float but I have nothing more to add. Start there for your research. But they shorted 140% of the float
The short was based on the float that is shares publicly available, so if an insider has a short that would explain.... But then THRY have some real explaining to do
You aren't allowed to think in communist America. You're going to the detention camps now.
Walk street elites were not pushing the price low to get a deal , they took massive shorts on GameStop - which essentially means they bet it would crash.
When you take a short you’re exposed to unlimited risk - if it goes down ; you make money. If it goes up , you owe how much it’s gone up by. Meaning if they took out a million dollars of short positions at $5 - now at $350 - they owe $345 per position they took - or $345 for every 5 they shorted. Huge losses for hedge funds.
I'm getting more understanding, thanks! I was taught about the Great Depression in grade school, that the cause was "Buying on Margin." Isn't this the same, borrowing shares without paying for them, selling them when they're not yours to sell.... So they kept cheating after the rules changed? And anons figured a way to hurt them real bad. GOOD.
Margins are different again - Margins are when you invest x but a broker will provide 2x or 5x or 10x right up to 1000x sometimes. So you only put in a tiny fraction of your own money - then are lent the rest- BUT if you have 2x leverage , and it goes down 50% , you’re forced to sell as you have no equity. If you have 10x leverage , a 10% drop will wipe you out.
https://greatawakening.win/p/11SKBxjMWv/how-game-stop-crashed--everyone-/
The shorts expire tomorrow. They are fucked. We win.
YEE HAW MOFOS! Missed my window to get in on the GME rise, but I snagged some NOK before they shut thta down, and I stocked up on silver ages ago. Bought more miners this morning.
Are we tired of winning yet? HELL NO!!
Does that mean the price will rise when their shorts expire because they have to buy back the stock or not really?
Because they have a time window to replace what they shorted and if they cant buy back the shares they have to also pay interest. As I understand it.
They only have 35 days I believe before they're on the hook for what they owe, so i'm pretty sure stockanons are just going to hold for as long as possible then sell and move on to the next. This will definitely happen again.
Please tell us what the next buy is, so we can help out!
They actually should not sell. They should continue to hold onto that stock because the Ask is now 5k USD or so.
Which in this case is tomorrow for most
This....and also Melvin Capital shorted Elon Musk for awhile now. Guess what Elon Musk did? Tweeted about Game Stop. Shorters were basically trying to cash in on gamestop ending and everyone decided they had other plans.
seen this over on ghostezra on gab.....https://files.catbox.moe/rbpgbe.JPG
Aw thanks for your opinion and your ad hominem.
Can you explain the meaning of the word he tweeted? Stonk or something...
I dont have a copy of it but its a famous meme. You should be able to search stonk meme
https://www.dailymail.co.uk/news/article-9191405/Elon-Musk-tweet-helps-fuel-massive-surge-GameStop-shares.html
Yeah, it can be repeated which is the beauty of it. They either allow people to freely coordinate trading together (just like the hedge funds do), or they clamp down on freedoms, which wakes people up to the fact that they now have neither the right to vote nor to trade without the outcome being rigged. Melvin Capital (the hedgefund in question) has been doing this for a long time. They shorted Gamestop HARD. A short is when you BORROW shares, and then immediately sell them. Like borrowing a car and then selling it. You still OWE the lender the shares, but the value of those shares can change over time. If the value goes down, then the shares they have to return to the lender are less valuable, so they made money. If the shares they borrowed and sold at $20 are now $400.. well they now owe the lender $400 per share, and they're fucked. This is about exercising our freedoms in the most rebellious manner possible to expose a corrupt system. You just finished fucking our country for 8 years and claim we have the right to vote? Okay, here's Trump. Result: Vote get rigged now. You just spent the last year shutting down the economy over the flu? Okay, well we're going to trade against some hedge funds to get our money back. Result: "Economic Interference" laws probably inbound. We should do a bank run next.