GME / AMC please watch

[NorthwestFresh]

This seems disturbing, yet predictable.
https://twitter.com/jackposobiec/status/1354900707443400706?s=21

 

[creepycoug]

This seems disturbing, yet predictable.
https://twitter.com/jackposobiec/status/1354900707443400706?s=21

If two words were missing from that sentence, it would have made sense.

 

[creepycoug]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

Raises hand

You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.

Now 200% are short and 300% are long.

Of course everybody has to go out eventually and cover the short. What a fun game.

 

[NorthwestFresh]

Apparently this has been simmering for awhile.

Informative Tweet thread.
https://twitter.com/endtwist/status/1354547622133051393?s=21

 

[Sources]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

It wasn't 140% of the float. It was 140% of total outstanding shares.

 

[BennyBeaver]

Looks like some of you still need to grasp this: There was no rigged election.

Carry on with the outrage over the rigged financial system.

HTH

 

[ntxduck]

Its Twitter so who knows if its true (don't have RH account so no idea what the interface looks like) but a lot of these claims going around:https://twitter.com/3halflings/status/1354865504872255503?s=20

Note its currently trading at ~$240/share...

Don’t make high risk trades on margin. Google what a margin account is and you’ll see this is a common occurrence at every brokerage on earth. If you want to gamble, gamble with your money, not theirs

 

[FremontTroll]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

It wasn't 140% of the float. It was 140% of total outstanding shares.

Incorrect but even if true doesn’t change my point.

 

[1to392831weretaken]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

Raises hand

You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.

Now 200% are short and 300% are long.

Of course everybody has to go out eventually and cover the short. What a fun game.

Or they don't. And they won't.

 

[Sources]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

It wasn't 140% of the float. It was 140% of total outstanding shares.

Incorrect but even if true doesn’t change my point.

Uh...
https://finance.yahoo.com/quote/GME/key-statistics/

"Short % of Float (Jan 15, 2021) 4 226.42%"

 

[creepycoug]

Looks like some of you still need to grasp this: There was no rigged election.

Carry on with the outrage over the rigged financial system.

HTH

Careful Beav. We don't wear flannel shirts in the club. That's the other place.

 

[NorthwestFresh]

AG seems to be the next shorted stock?

 

[creepycoug]

Its Twitter so who knows if its true (don't have RH account so no idea what the interface looks like) but a lot of these claims going around:https://twitter.com/3halflings/status/1354865504872255503?s=20

Note its currently trading at ~$240/share...

Don’t make high risk trades on margin. Google what a margin account is and you’ll see this is a common occurrence at every brokerage on earth. If you want to gamble, gamble with your money, not theirs

Agreed on margin. The brokerage has their ass hanging out in the wind given that things can change in a hurry in that kind of volatile trading environment.

I wonder if the forced-close happened with purchased shares?

 

[creepycoug]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

Raises hand

You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.

Now 200% are short and 300% are long.

Of course everybody has to go out eventually and cover the short. What a fun game.

Or they don't. And they won't.

Don't you have to return/replace the shares? Or in this case, the share?

 

[FremontTroll]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

It wasn't 140% of the float. It was 140% of total outstanding shares.

Incorrect but even if true doesn’t change my point.

Uh...
https://finance.yahoo.com/quote/GME/key-statistics/

"Short % of Float (Jan 15, 2021) 4 226.42%"

Yahoo finance is your source?

Also from said link, number of shares shorted: 61.46 million which is less than number of shares outstanding and not anywhere near 226% of the float.

 

[FremontTroll]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

Raises hand

You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.

Now 200% are short and 300% are long.

Of course everybody has to go out eventually and cover the short. What a fun game.

Or they don't. And they won't.

Don't you have to return/replace the shares? Or in this case, the share?

Not if you have infinite dollars to cover your losses.

 

[1to392831weretaken]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

Raises hand

You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.

Now 200% are short and 300% are long.

Of course everybody has to go out eventually and cover the short. What a fun game.

Or they don't. And they won't.

Don't you have to return/replace the shares? Or in this case, the share?

By law, yes. In practice, no.

This list would not exist if there were no such thing as failures to deliver. Read the Taibbi piece I linked above. Every security on that list has spent at least five consecutive days with either 10,000 shares or half of a percent of issued shares failed to deliver.

 

[jecornel]

 

[BennyBeaver]

Looks like some of you still need to grasp this: There was no rigged election.

Carry on with the outrage over the rigged financial system.

HTH

Careful Beav. We don't wear flannel shirts in the club. That's the other place.

I get that a line needs to be drawn between this place and the Tug. I agree with that and would love for it to be true.

If the "big lie" is accepted as the truth on the finance board, that speaks volumes.

 

[creepycoug]

Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.

If you don’t understand that then you don’t understand short selling.

Raises hand

You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.

Now 200% are short and 300% are long.

Of course everybody has to go out eventually and cover the short. What a fun game.

Or they don't. And they won't.

Don't you have to return/replace the shares? Or in this case, the share?

Not if you have infinite dollars to cover your losses.

I see.