Hedge funds engaged in "naked shorts".
They sold shares they didn't own.
They sold shares shares that didn't even exist.
They expected no one would notice and they could buy the shares at a lower price as the stock tanked.
Someone noticed and started a buying frenzy.
Institutional investors have to cover those shares they sold.
Small time investors are holding GME pushing the price up.
Will the shares go for 1 million plus? No, not a chance. All the institutional investors will go bankrupt long before that price target.
GME and silver crew checking in! Same here. Let's bring the money back home.
Hell yeah brother. May JP Morgan and the money changers burn in hell.
See you on the moon!
Can someone explain to me why GameStop will explode? I don’t understand
Hedge funds engaged in "naked shorts".
They sold shares they didn't own. They sold shares shares that didn't even exist. They expected no one would notice and they could buy the shares at a lower price as the stock tanked. Someone noticed and started a buying frenzy. Institutional investors have to cover those shares they sold. Small time investors are holding GME pushing the price up.
Will the shares go for 1 million plus? No, not a chance. All the institutional investors will go bankrupt long before that price target.
Nor do I especially when I see numbers like $1.5m. Hopium indeed. Already on the moon perhaps.
Silver is always a safe bet though. Until we start mining asteroids.
Outer Space isn't real. This is movie nonsense. Look at von brauns tombstone to begin.
It is. They just called, said you're late for dinner.