How crazy is the current stock price of Game Stop. Along with AMC and Blackberry there appears to be some serious short squeezes going on right now. I am by no means a stock expert, curious to what more knowledgeable posters feel about this. FYI, I do not own nor plan to buy any of the above stocks.
What's the end game for these people, i don't get it. But don't fully understand it either.
Please correct me if I'm wrong, but it sounds like a forum group got together an artificial inflated the stock price. I'd imagine the only way to do this is by buying the stock? What happens to all these people once people start selling? Why wouldn't game stop themselves just sell a ton of its stock and say thanks internet.
I don't get it?
GameStop should issue shares and pay off debt etc.
Meanwhile some hedge fund folks learned a lesson.
Imagine you're WSB. You get in early. By Friday, hedge funds want out and the price goes to the moon - $1,000. Do you sell? Or do you wait until it hits $1,100, $1,500, $2,000? You've already made your money, now it how much you want to screw the hedge funds.
And the billionaires who rode the wave, like Chamath Palihapitiya, already closed their positions too.
the people who bought on the way up are the ones who are going to likely lose because this will come back down since it is artificially inflated.
Once the majority of shorts are closed, all you have is an inflated price.
And the billionaires who rode the wave, like Chamath Palihapitiya, already closed their positions too.
the people who bought on the way up are the ones who are going to likely lose because this will come back down since it is artificially inflated.
Once the majority of shorts are closed, all you have is an inflated price.
The rumor is Melvin Capital didn't close all their positions.
Quote:
already closed their short positions (including Melvin Capital and Citron).
And the billionaires who rode the wave, like Chamath Palihapitiya, already closed their positions too.
the people who bought on the way up are the ones who are going to likely lose because this will come back down since it is artificially inflated.
Once the majority of shorts are closed, all you have is an inflated price.
The rumor is Melvin Capital didn't close all their positions.
are short positions required to be made public?
They say they closed it - and Steve Cohen (Point72) helped bail them out.
It is possible (as another poster pointed out) I guess that they shorted it again at this price.
link - ( New Window )
Quote:
In comment 15136547 pjcas18 said:
Quote:
already closed their short positions (including Melvin Capital and Citron).
And the billionaires who rode the wave, like Chamath Palihapitiya, already closed their positions too.
the people who bought on the way up are the ones who are going to likely lose because this will come back down since it is artificially inflated.
Once the majority of shorts are closed, all you have is an inflated price.
The rumor is Melvin Capital didn't close all their positions.
are short positions required to be made public?
They say they closed it - and Steve Cohen (Point72) helped bail them out.
It is possible (as another poster pointed out) I guess that they shorted it again at this price.
Quote:
Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position
link - ( New Window )
Melvin was quoted in a bloomberg article (I believe yesterday) saying they won't comment on what positions they have only to less than a day later say they got out. Reddit found this very fishy, and someone claims the amount traded wasn't significant enough to have gotten them out.
I know nothing about the market but that's why the reddit ppl think it was Melvin lying to try to get the price down if they were in fact lying, tomorrow and Friday will be crazy
Of course it could be BS from Cohen and Melvin.
Or perhaps his $2.7B supplied to Melvin could be to purchase shares, add to the pump, and average their cost enough to lessen the loss.
Or they could have closed the position.
link - ( New Window )
Of course it could be BS from Cohen and Melvin.
Or perhaps his $2.7B supplied to Melvin could be to purchase shares, add to the pump, and average their cost enough to lessen the loss.
Or they could have closed the position.
link - ( New Window )
Ya... Obviously I don't know for sure. It's very possible they did.
I don't think I'd be surprised either way
What's the end game for these people, i don't get it......
I don't get it?
All the folks that shorted heavily in the $3-10 strikes, and short range (2-6 months), will get hammered. If they don't have capital to back it up....well....thats a pretty large dent in someone's portfolio.
Don't sell naked. That's all I got.
Witching days(?) can get crazy....this game stop sounds like one to follow leading up to it. I'll be tuned in, but I'll pass on the ride.