I’m telling you that CNBC has confirmed beyond a shadow of doubt that GameStop (GME) is being illegally naked shorted. I couldn’t believe my eyes or ears this morning. If you don’t own this stock or think it’s stupid idiots throwing money away, a very “respectable” news source let the magic word “naked short sellers” slip
Cats out of the bag now
GME is down almost 4% in after market trading. I wish I understood this better.
Ignore the price. It's down slightly after a day where it was primarily HFs trading against each other. 3M volume when we'd normally see 60M shares trading hands.
It does not conform to anything that's been experienced in the history of the market, save for the Volkswagen squeeze in 2008- but this is exponentially bigger.
I seriously suggest doing your own research: http://libredd.it/r/Superstonk and search for posts with DD flair, especially from u/atobitt . They're not long reads.
Would you please tell me what DD means? ?
Due Diligence. The investing term for doing your own research, like "Hey Anons, get in here!" or a Q-proof.
Thank you. That's what I thought but I couldn't confirm it. Have a great day, fren!
Both pre market and after hours tend to have lower volume of trading so the price does not matter as much. This is true for any stock but the times where the volume is increased is on big news or earnings reports.
I would bet almost everyone who is already invested in GME is well aware of the naked short sellers.
It means they put it on sale for payday.
Not the smartest thing to do.
So what? It's just desperate hedge fund dipshits doing whatever they can to manipulate and scare people.
ZOOM OUT whenever you have fears about a minuscule 4% drop... 4% is NOTHING compared to the 100,000% rise we might see soon...
Yeh, I wasn't making any kind of point...just stating what I saw in after market. I don't own GME...
WHY dont you want to turn 250 bucks into 1 million?!!?! Its easy money
Well I guess I don’t understand how $250 buck will do that. You’d need lots of shares, no?