What I don't get is why anyone would short gme with all the other options out there knowing that one day it would pump. Why not just short something else? Plenty of choices.
It was not just GME. There was a large group of retailers (Overstock, AMC, Bed Bath & Beyond, Nordstom, etc.) that were getting shorted into oblivion so Amazon could roll them all up. In fact, Jeff Bezos (former hedge fund employee) and Amazon are likely the puppet masters directing the Hedge Funds (at least with the retailer stock targeting). If Amazon/Bezos are ever prosecuted for their criminal activity, Amazon (and maybe Bezos) would likely get liquidated from damages. It is likely fraud, and fraud penalty is 3x actual and 200x punitive damages.
All Amazon acquisitions appear to have been shorted to either lower acquisition price or allow Amazon to buy assets out of bankruptcy. GME is attempting to create a retail ecosystem to compete directly with Amazon, and Amazon does not like REAL competition.
Cat got out of the bag to retail investors before hedge funds could get out of their positions on GME (probably by design), so by default it ended up as the posterchild. Also, the relatively low float (prior to new issuance) made it the best candidate to help destroy the hedge funds because retail investors could lock the float at transfer agent and force hedge funds to create many billions of fake shares to continue to suppress the price.
In fact, Jeff Bezos (former hedge fund employee) and Amazon are likely the puppet masters directing the Hedge Funds (at least with the retailer stock targeting)
Bingo! You get it!
Not many people realize this. For those who aren’t aware…
He left his position as VP at a hedge fund to start “an online book store” 🤦🏻♂️ which rapidly grew into the behemoth it is today, thanks in part to his old pals on Wall Street naked shorting to death (called “Cellar Boxing”) the competitors to Amazon (Sears, Blockbuster, Radio Shack, ToysRus, GameStop, Bed Bath, etc.)
Also, AWS (Amazon Web Services) “allegedly” did their part to thwart the online services of those same companies.
Lastly, the corrupt hedge funds installed their people (Boston Consulting Group) on the Board of Directors of these targeted companies.
This documentary https://archive.org/details/videoplayback_20210423 brought attention to it way back in 2012, but really it was (White Hat asset?) Keith Gill (Roaring Kitty) who finally brought widespread awareness to the issue.
From what I hear they do this kind of thing on the regular(shorting companies), only difference is that people became aware and used GME to punch back at these market manipulators.
But everyone knows, 1 percenters included, that GME is known to pump like crazy. So what I'm saying is that any remotely savvy investor would just stay clear of shorting it as there are thousands of other options.
Because they still owe, they said they "closed", but they actually " covered". What they are doing is illegal, but like he said, they are covering for each other. If they stop covering for each other, they will owe majorly, because the GME group are not selling. We literally just have to sit on our shares to beat them. They have to keep playing the manipulation game, over and over
Hmmm. Interesting. So it's like they got trapped a long time ago? And the only way out is to fess up? But seems like they could also trickle buy GME stocks like the rest of us as collateral for when it does shift. Futures and options are still too much for my small brain to grasp.
Well as far as I know, the short was in awhile back, and it was not regular savvy investors, but a 'cabal' of hedge funds.
The hedge funds are still holding a short position, and from what I understand they are holding a big ass bag of shit if the GME stocks doesn't tank to the bottom.
What I've gleaned around here they've shorting more stock than actually exists, and if they can't cover it all, the dominos will fall.
Buuut I'm not a finance guy so I could have misunderstood what others have said.
What I don't get is why anyone would short gme with all the other options out there knowing that one day it would pump. Why not just short something else? Plenty of choices.
It was not just GME. There was a large group of retailers (Overstock, AMC, Bed Bath & Beyond, Nordstom, etc.) that were getting shorted into oblivion so Amazon could roll them all up. In fact, Jeff Bezos (former hedge fund employee) and Amazon are likely the puppet masters directing the Hedge Funds (at least with the retailer stock targeting). If Amazon/Bezos are ever prosecuted for their criminal activity, Amazon (and maybe Bezos) would likely get liquidated from damages. It is likely fraud, and fraud penalty is 3x actual and 200x punitive damages.
All Amazon acquisitions appear to have been shorted to either lower acquisition price or allow Amazon to buy assets out of bankruptcy. GME is attempting to create a retail ecosystem to compete directly with Amazon, and Amazon does not like REAL competition.
Cat got out of the bag to retail investors before hedge funds could get out of their positions on GME (probably by design), so by default it ended up as the posterchild. Also, the relatively low float (prior to new issuance) made it the best candidate to help destroy the hedge funds because retail investors could lock the float at transfer agent and force hedge funds to create many billions of fake shares to continue to suppress the price.
I wonder if vulture capitalist Mittens Romney is part of this game too.
Yes, he was, or is, a part of Bain Capital. Anons dug into that rabbit hole on SuperStonk a couple years ago.
This.
Amazon, Bain Capital and Citadel Bust Out the Competition
https://www.reddit.com/r/Superstonk/s/gPrxzLrZ9Z
Bingo! You get it!
Not many people realize this. For those who aren’t aware…
He left his position as VP at a hedge fund to start “an online book store” 🤦🏻♂️ which rapidly grew into the behemoth it is today, thanks in part to his old pals on Wall Street naked shorting to death (called “Cellar Boxing”) the competitors to Amazon (Sears, Blockbuster, Radio Shack, ToysRus, GameStop, Bed Bath, etc.)
Also, AWS (Amazon Web Services) “allegedly” did their part to thwart the online services of those same companies.
Lastly, the corrupt hedge funds installed their people (Boston Consulting Group) on the Board of Directors of these targeted companies.
This documentary https://archive.org/details/videoplayback_20210423 brought attention to it way back in 2012, but really it was (White Hat asset?) Keith Gill (Roaring Kitty) who finally brought widespread awareness to the issue.
Excellent explanation.
🤯
Isn't it just because they could?
From what I hear they do this kind of thing on the regular(shorting companies), only difference is that people became aware and used GME to punch back at these market manipulators.
But everyone knows, 1 percenters included, that GME is known to pump like crazy. So what I'm saying is that any remotely savvy investor would just stay clear of shorting it as there are thousands of other options.
Because they still owe, they said they "closed", but they actually " covered". What they are doing is illegal, but like he said, they are covering for each other. If they stop covering for each other, they will owe majorly, because the GME group are not selling. We literally just have to sit on our shares to beat them. They have to keep playing the manipulation game, over and over
It costs them daily to suppress the price they way they have to.
Perfectly stated.
https://www.reddit.com/r/Superstonk/comments/1cs5rkk/leaps_i_think_i_stumbled_on_something_need_brains/
Hmmm. Interesting. So it's like they got trapped a long time ago? And the only way out is to fess up? But seems like they could also trickle buy GME stocks like the rest of us as collateral for when it does shift. Futures and options are still too much for my small brain to grasp.
Well as far as I know, the short was in awhile back, and it was not regular savvy investors, but a 'cabal' of hedge funds.
The hedge funds are still holding a short position, and from what I understand they are holding a big ass bag of shit if the GME stocks doesn't tank to the bottom.
What I've gleaned around here they've shorting more stock than actually exists, and if they can't cover it all, the dominos will fall.
Buuut I'm not a finance guy so I could have misunderstood what others have said.