Reposting an earlier comment on this whole situation:
There have been other attempts at this over the years, Patrick Byrne's company was literally called OverSTOCK meaning, yes, overstocked goods, but a reference to naked shorting "OverStocked". Too many synthetic shares flooding the market driving the price down.
They were probing the defenses.
Bed Bath and Beyond - Buzz lightyears catchphrase is "to infinity and beyond" which, if you are familiar with what is possible with naked shorting and why it is so heavily ill advised to partake in, is because it can lead to "infinite losses" as there is no potential upside limit especially in the event of forced liquidations into extremely illiquid markets. The price can rise upwards endlessly as the liquidations are sent into the market to buy at ANY price. These buys are backstopped by the various funds of hedgefunds, market makers, banks and clearing houses, and ultimately the Fed who will be forced to print to pay.
Game STOP
Power to the Players.
Also Q post 562 says "remember this day" which is a line that is spoken at minute 58 exactly (5) (6+2) by none other than king pedo Kevin Spacey in the movie MARGIN CALL
This post occurred on a Jan 19th, which looks to be a day that a margin call occurred leading up to the initial giant spike in GME.
There's more that I've forgotten... Oh yeah! There was a picture of roaring kitty at some kind of gaming convention for a game called "Warlock" something. I still kick myself for not saving it.
Wizards and Warlocks.
I would venture to say Sam Bankman Fried, Elon Musk, Vitalik Buterin, and a few others are some of them potentitally.
I'm long GME and have some very nicely perfomring calls on BBBY, not financial advice. I am posting on a nigerian pottery forum.
Reposting an earlier comment on this whole situation:
There have been other attempts at this over the years, Patrick Byrne's company was literally called OverSTOCK meaning, yes, overstocked goods, but a reference to naked shorting "OverStocked". Too many synthetic shares flooding the market driving the price down.
They were probing the defenses.
Bed Bath and Beyond - Buzz lightyears catchphrase is "to infinity and beyond" which, if you are familiar with what is possible with naked shorting and why it is so heavily ill advised to partake in, is because it can lead to "infinite losses" as there is no potential upside limit especially in the event of forced liquidations into extremely illiquid markets. The price can rise upwards endlessly as the liquidations are sent into the market to buy at ANY price. These buys are backstopped by the various funds of hedgefunds, market makers, banks and clearing houses, and ultimately the Fed who will be forced to print to pay.
Game STOP
Power to the Players.
Also Q post 562 says "remember this day" which is a line that is spoken at minute 58 exactly (5) (6+2) by none other than king pedo Kevin Spacey in the movie MARGIN CALL
This post occurred on a Jan 19th, which looks to be a day that a margin call occurred leading up to the initial giant spike in GME.
There's more that I've forgotten... Oh yeah! There was a picture of roaring kitty at some kind of gaming convention for a game called "Warlock" something. I still kick myself for not saving it.
Wizards and Warlocks.
I would venture to say Sam Bankman Fried, Elon Musk, Vitalik Buterin, and a few others are some of them potentitally.
I'm long GME and have some very nicely perfomring calls on BBBY, not financial advice. I am posting on a nigerian pottery forum.