Anyone know when they have to get rid of their shorts by buying stock? Is there a certain length of time you can hold short positions? Once they start liquidating, obviously the price of remaining shares will increase. Supply and demand rules!
They have ways of resetting some of their “timers”, but eventually sometimes they’re forced to buy to reset and then they immediately short. This is why some believe the price spikes on roughly 3 month intervals. That’s one theory at a very high level.
They however will be forced to cover once GMEs valuation gets pushed up due to people doing business with them and solid fundamentals, or they release a non-fungible token based dividend. The NFT is not officially confirmed by GME but they have assembled a crypto/NFT devolpement team in-house and also have a website dedicated to their NFT development. So something is happening there but what, who knows. They’re keeping their cards close to their chest, Sun Tzu Art of War.
This was a super high level overview, tons of good content at the superstonk. Reddit still sucks.
For what's goin' on regd. the NFT @ GME, you need to read A Castle of Glass.. takes some time to dig thru it, but it's an hour well spent.. two parts here..
Anyone know when they have to get rid of their shorts by buying stock? Is there a certain length of time you can hold short positions? Once they start liquidating, obviously the price of remaining shares will increase. Supply and demand rules!
They have ways of resetting some of their “timers”, but eventually sometimes they’re forced to buy to reset and then they immediately short. This is why some believe the price spikes on roughly 3 month intervals. That’s one theory at a very high level.
They however will be forced to cover once GMEs valuation gets pushed up due to people doing business with them and solid fundamentals, or they release a non-fungible token based dividend. The NFT is not officially confirmed by GME but they have assembled a crypto/NFT devolpement team in-house and also have a website dedicated to their NFT development. So something is happening there but what, who knows. They’re keeping their cards close to their chest, Sun Tzu Art of War.
This was a super high level overview, tons of good content at the superstonk. Reddit still sucks.
For what's goin' on regd. the NFT @ GME, you need to read A Castle of Glass.. takes some time to dig thru it, but it's an hour well spent.. two parts here..
https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/ https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/
Thanks for sharing! I read it on releases day, Fren :).
Did you see Magic Johnson is possibly short GME? Maybe it adds sense to why Cohen posted that South Park meme, “Oh looooong Johnsoooooooon”?
Yeah.. Magic and his bloody JLC Loop Capital.. We have it all!