Retail isn't selling their shares. They are however selling whatever possessions they feel comfortable parting with so they can buy more shares, like their cars.
Also they didn't bail out the shorts. They issued a stock split in the form of a dividend. I don't see how that helps the shorts. The price for 4 shares is the same as 1 from before the dividend, just that now there's a hell of a lot more shares. It also lets people that couldn't afford $150 per share to buy in now.
It's okay, hedgies will be able to sell services behind Wendy's.
Retail isn't selling their shares. They are however selling whatever possessions they feel comfortable parting with so they can buy more shares, like their cars.
Also they didn't bail out the shorts. They issued a stock split in the form of a dividend. I don't see how that helps the shorts. The price for 4 shares is the same as 1 from before the dividend, just that now there's a hell of a lot more shares. It also lets people that couldn't afford $150 per share to buy in now.
It's okay, hedgies will be able to sell services behind Wendy's.
Google “Game Stop Secondary Offering”
Then look at the dates.
Game Stop took advantage of the situation to make some quick capital.
I am so sick of this shit. So many of you are woefully uninformed. It’s fucking gross.
It's okay hedgie intern. You'll eventually be able to get another job.