This is a great explanation of what happened yesterday with GameStop. I pulled this off of TG.
(media.greatawakening.win)
Comments (25)
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"All of Wall Street is saying that the public joining together in this fashion should be illegal, but really they just lost at their own game to the masses." That, Patriots, is a satisfying turn of events.
Sure it’s satisfying this week, but we know damn well that [they] will manage to make it a punishable offense to do something like this in the future and they will go back to their old ways without consequence. For the but not for me.
Moves and counter moves. They're up against the Patriot Hive Mind now. Heh! HEH! HEHEHEHEHEHEHEHEHEHEHEHEHEh Heh. Ajeez. This is great. We're gonna win this Patriots!
Cry babies got beaten by mere mortals. Let the games begin!?
What happens to the broker if he can't regain the stock he lent?
Probably gets a bonus in this clown world
Good Timcast video explaining what's happening. https://www.youtube.com/watch?v=vwvOQ1b6nes
Needs more jpeg. It's too easy to read like this. /s
"You let one ant stand up and they ALL might stand up! Those puny ants outnumber us 100 to 1! And if they ever figure that out, there goes our way of life!"
A Bugs Life
This is a great breakdown of the scenario! I wish we know who exactly is doing the shorting!
Does this mean it's pointless to buy GME stock now?
I heard the short closes tomorrow. So, I hope the buying continues and they DO have to file bankruptcy. However, I also heard that Robinhood is selling people's stock to "help them out." I would think that is illegal. If I don't authorize to sell, what gives the company the right to do it for me? They wouldn't do that if I'm holding on to a stock that's going to tank, right?!
Thanks!!!
If someone buys that "borrowed" stock at $10, who is the real owner? If the price of the stock goes up, shouldn't the profit belong to the real owner. I am unclear how the broker can square these trades.
If a bank lends you $100 and you take it to the market and double it, who gets the extra $100? The bank? No.
Think "loan" instead of "borrow". The trader is paying interest to the broker while the stock is in their possession.
Nope! The fifth stage is...
Pandora's box...