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.
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.
Hodl
ape stronker together
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.