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242
Gamestop nearly doubled this morning. $GME (media.greatawakening.win)
posted 219 days ago by nineohseven 219 days ago by nineohseven +243 / -1
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▲ 1 ▼
– PhDinNY 1 point 219 days ago +2 / -1

Didn't the deadline for the shorts that were reported to cause the stock to go "to the moon!" expire long ago?

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▲ 11 ▼
– FuckNewsom 11 points 219 days ago +11 / -0

Deadline? If you short a stock you have to buy it back eventually. Infinite risk.

The only exception is if the company goes bankrupt and the stock is delisted, which is what they have done to countless companies; it’s called “Cellar Boxing.”

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▲ 6 ▼
– Pbman2 6 points 219 days ago +6 / -0

No they we packaged into swaps that just expired.

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▲ 2 ▼
– AmateurExpert 2 points 219 days ago +2 / -0

Mmm the tears are delicious.

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▲ 2 ▼
– queue-anon 2 points 219 days ago +2 / -0

So the price movement going up was because they had to cover today? (not close of course)

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▲ 5 ▼
– Pbman2 5 points 219 days ago +5 / -0

Had to be. Retail didn't trade 150 million shares.

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▲ 2 ▼
– queue-anon 2 points 219 days ago +2 / -0

When's the next load of contracts going to expire?

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... continue reading thread?

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