I read theory on superstonk meta Amazon etc are tanking because hedgies are having exit their long positions as they are losing on GameStop short position. Short interest spiked as well. Theory is hedgies are using the bad earnings to mask true reason for meta etc tanking so much
My guy do you not understand the concept of interest? Just like interest on borrowed money, you gotta pay interest to borrow stock, and "meme" stocks like GME have some of the worst interest rates for borrowing on the market. Plenty of people are probably underwater on their position due to that alone.
I read theory on superstonk meta Amazon etc are tanking because hedgies are having exit their long positions as they are losing on GameStop short position. Short interest spiked as well. Theory is hedgies are using the bad earnings to mask true reason for meta etc tanking so much
That might just be the reason for this selling.
You guys have created an echo chamber for yourselves that is just as destructive as the one the libtards or the Beltway criminals have.
Nobody is losing on a short, when the stock goes ... DOWN.
GME is now $25 up from $2 @ 1½yrs ago tho ...
Youre forgetting about the 4 to 1 splividend.
Multiply by 4 to get the original price.
🤦🤦 shoot I forgot too many happenings to keep track of
My guy do you not understand the concept of interest? Just like interest on borrowed money, you gotta pay interest to borrow stock, and "meme" stocks like GME have some of the worst interest rates for borrowing on the market. Plenty of people are probably underwater on their position due to that alone.