My kid (25) voted for Qidan. I respected his right to choose. Then he bought GME after following “DeepFuckingValue” on Reddit. He panicked when it dipped and sold 90 of his 100 shares and (only) doubled his investment in a month. He was bummed. He was angered when the powers that be stopped people from buying. First we talked about protecting your capital is the #1 rule. Then we talked about the forces at work and the battle for hearts and minds. He took a few red pills. I explained my red pill was 911. Who bought millions of dollars in puts on the airline stocks the week before? They made billions! Plus the free falling twin towers not to mention the 3rd building (hardened for a nuclear strike) going down several days later. I lost friends over that. They could not stomach the red pill. I asked him if he saw the irony in someone named DeepFuckingValue buying a junk company like GME. The only deep value is knowing a huge short squeeze is coming. Then, I really baked his noodle when I asked him, “who do you threw the billions at GME to force that short squeeze?” That was a killer whale taking out the apex predator sharks (hedge funds). Do the math. No way millions of little guys outgunned the hedge funds. He said wow Dad that’s a lot to think about. Then he said, do you always notice stuff like this? I said, my job is to leave the world a better place then I found it for you and all those I love. So yes, I do.
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It’s a little of everything from him but mostly his epic battle for company Overstock.com against naked short sellers. Probably a lot of naked shorts on GME
Yeah 140% float probably has a LOT of naked shorts. Someone did the math from January's Failed-to-delivers, and GME had 1.1 million, so make of that what you will.
EDIT: DECEMBER'S DATA, NOT JANUARY! we're still in January (duh!), so that was last months FTD
https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the
There is the post in particular if you wanna read it yourself. Obviously take all things reddit with your own discretion in mind, but still VERY informative nonetheless.