Wsbets write up was saying dont believe any articles or news that they have already covered their loss or something? That even if they start today, the process takes days. Not to panic sell at one high point
"Oh, we covered all our bad bets at a huge loss. You win. You can feel safe now finally selling your GME at a sky-high price now with several hours before market-close. It won't matter to us, though... because you totally won."
What we saw was a rally, because those of us who understand it, know that it's a fantastic bet and sold it to everybody.
But the reality is that the Market Manipulators have shorted $GME to such an unfathomably stupid extreme. They pay more for that borrowed money the higher the share price goes. Here's an example from The Big Short talking about extraordinary premiums on his short position: https://www.youtube.com/watch?v=xAlCbE-yCTw&ab_channel=Movieclips
It has not yet squeezed, that was just a rally. These MM pricks think they are going to make the money back betting on the $GME return to Earth (and they might!) but that's why we keep buying and HOLDING. They are so fucked, all they can do is try to convince us that we won: "You won daddy, plx sell."
They wouldn't be posting articles like this if they had closed the bet. They would be opening new shorts because GME is actually overvalued now and only they would know it.
Wsbets write up was saying dont believe any articles or news that they have already covered their loss or something? That even if they start today, the process takes days. Not to panic sell at one high point
Yeah. What an obvious ruse.
"Oh, we covered all our bad bets at a huge loss. You win. You can feel safe now finally selling your GME at a sky-high price now with several hours before market-close. It won't matter to us, though... because you totally won."
Sure.
We'll believe you on Monday.
By my estimates about 55 billion more on the table.
please, elaborate, because you are indicating the 10 fold of what was discussed in the article.
Er, 10 fold would be $130B not 55
Depends on what figure you take as the ultimate low ball.
However, the question still remains: how do you support a higher estimate.
Exponential price rise from short squeeze, not linear. In thoery it goes as high as bankruptcy price of backers
The Squeeze has not been Squoze.
What we saw was a rally, because those of us who understand it, know that it's a fantastic bet and sold it to everybody.
But the reality is that the Market Manipulators have shorted $GME to such an unfathomably stupid extreme. They pay more for that borrowed money the higher the share price goes. Here's an example from The Big Short talking about extraordinary premiums on his short position: https://www.youtube.com/watch?v=xAlCbE-yCTw&ab_channel=Movieclips
It has not yet squeezed, that was just a rally. These MM pricks think they are going to make the money back betting on the $GME return to Earth (and they might!) but that's why we keep buying and HOLDING. They are so fucked, all they can do is try to convince us that we won: "You won daddy, plx sell."
Nope. Not yet.
They wouldn't be posting articles like this if they had closed the bet. They would be opening new shorts because GME is actually overvalued now and only they would know it.
Thus, the original short is still likely open.
"And........ it's gone." South Park Broker
Hold the line...buy GME
Sorry not sure if the link is working, Link to the article in the Independent https://www.independent.co.uk/news/business/gamestop-share-price-reddit-hedge-fund-melvin-capital-b1793543.html
Still holding my 1.7 shares. Will not sell.
Don't believe the article. Hold
Obvious indicator: price will surge again when their positions close. And that is when they have realized their losses.