Posted on 01/27/2021 12:05:42 PM PST by srmanuel
BBBY and DDS Are the ones with very high shorts that got run up in the last 2 weeks. Odd. Very odd.
AMC is on the list ..
I am watching people who are making these plays (not the originators)
BB as well as EXPR
“Big money moves stocks not small money. This is a billionaires dance. Don’t get sucked into the idea that little guys are doing this.”
Yep.
a little last minute buying going on with CLVS...already have a profit..lolol
These are in my Covid/Cancer plan account to pay for my crazy high deductible.
Let’s roll
Come on Reddit Boys
That’s exactly why I think it’s so funny, the average internet troll is no match for the Wall Street Hedge Funds, until they are which cost them billions to the point of bankruptcy....
It would be a great thing if some of these hedge funds went bankrupt, especially if a bunch of basic internet trolls were to cause it and made a fortune in process, good for them...
dude who wants to replace Gavin made a tweet and said give me an idea for a stock and I will throw a few 100k’s on it.
What happens to all the gamer neckbeards who bid the stock up when it crashes back to $20? Oh, wait... I think I know.
I have been considering dropping 5k into GME just to help the Bankruptcy Process along and to be able to say I Helped!!
from what I have been reading and what I hear is that on Fridays close, the Shorts Need to be Covered, which sounds like spontaneous detonation for a bunch of Gamblers in Hedge Funds
This is interesting to watch but eventually, wall street with deep pockets will win as those holding the shares will start to sell.
Facebook getting killed after hours
Anyone else here remember what happened when the Hunt brothers tried (totally legally) to corner the silver market in 79?. Why, the margin rules got changed! The markets hate interlopers and the rules get might flexible when the establishment has its $$$ at risk.
I spoke with my co worker about 5 minutes ago. He’s doing this as we speak. Looks like he might be up $22 million by the end of the week.
He’s definitely a little guy in investment terms. He just figured out how to take advantage of the big boy shorts.
Aapl selling off too after hours
AMC at close today
$19.90 XNYS+14.94 (+301.2097%)
They are targeting Silver next.
Here is a link to a tweet postulating it
https://twitter.com/redditinvestors/status/1354527206496751623?s=21
You only need to get your face ripped off once to scratch that itch. Feel lucky in front of a steam roller?
reddit going to try to squeeze silver
i have my doubts on this one...these are some big players, big govts.
That's not how short-selling works.
Short selling means I acquire a stock at a certain price, oh, say $20/share. But I don't really buy it, I "borrow" it.
I then turn around and SELL that stock for more than I "borrowed" it for to someone else, oh, say $25. I sell the stock for $25 to a buyer, pay the $20 "borrowing" cost for the stock and pocket the $5 profit.
What happened is that a bunch of Reddit members saw a Wall Street Firm borrowing the stock to short-sell it. These same Reddit members bought up as much of the stock as they could driving UP the price.
That's a BIG problem for the short seller. These same Reddit members who bought the stock can now SELL it back to the short-seller and the short-seller has to BUY it.
Oops. In order to pay the $350 that the stock is now "worth", the short-sellers have to liquidate a ton of other assets and take a huge loss, to buy the stock back for $350/share when they "borrowed" it for much, much less.
Personally, I think short-selling should be banned. That's what caused $150+ oil back during the Obama reign of terror and why you and I were paying $4.50+/gal at the gas pumps.
In this case, seeing a bunch of Wall Streeters take it up the backside because some smart Redditor's saw what they were doing and turned the tables on them? Nah. I don't feel bad for them. :-)
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