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GME - Pre-Market Trading. Hit $80 briefly. Gonna be a wild day

posted 192 days ago by horseyPatriot 192 days ago by horseyPatriot +91 / -1

Volume is at 23 million right now, pre-market! For comparison, on May 1, it was 2.66 million and $11/share.

Roaring Kitty woke up on Sunday and Andrew Tate urged everyone to buy after buying $1 million worth of shares himself - to help take down the Matrix. Game on!

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– horseyPatriot [S] 12 points 191 days ago +12 / -0

Yes. Apparently the shorted shares were put into swaps that have now started expiring. They were counting on GameStop being delisted and it is not. Time to pay the piper. A lot of pissed-off retail investors will make them pay big bucks to get hands on real (not synthetic) shares.

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– 17JCsCrib26 4 points 191 days ago +4 / -0

💯

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– MAG768720 3 points 191 days ago +3 / -0

Who has the risk on the swaps?

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– horseyPatriot [S] 2 points 191 days ago +2 / -0

I saw on one comment (I think?) that Credit Suisse is one?

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– FuckNewsom 3 points 191 days ago +3 / -0

That went from Archegos to Credit Suisse, and now onto UBS. It's a snowball effect, taking down bigger and bigger entities as it goes. This ride has just begun.

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