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Im not an expert on this but I would see them as an ideal target.Their business model is outdated and it would just take a nudge to sent them crashing.I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
it would seem like there would be a lot of those on Wall Street. GE makes light bulbs....Champion makes spark plugs which isn't necessary in battery operated cars....Im not an expert on this but I would see them as an ideal target.Their business model is outdated and it would just take a nudge to sent them crashing.I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
I listed the originals the other nightI understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
they do plan on going after other shorted stocks,, gotta start somewhere,,I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
At first Reddit users who are fans of the company wanted to help them buy buying shares, but that made little sense because transactions in the secondary market don’t help the issuer.I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
Read Toro's post...then understand the 140% means more shares were shorted than there were shares available...by 40%.I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
Elon musk---orchestrated short squeeze.I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
Thanks.At first Reddit users who are fans of the company wanted to help them buy buying shares, but that made little sense because transactions in the secondary market don’t help the issuer.I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
Because it was a heavily shorted stock. Its short interest was 140%, meaning for every 10 shares outstanding, 14 shares were sold short.
Typically, a heavily shorted stock has a short interest of 30-40% of its share base sold short. So 140% is pretty extreme.
Because it was there...I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
I understand the basics of what happened with Gamestop.
One thing I haven't heard discussed is this....why Gamestop? Aren't the hedge funds doing this with several different stocks? Was Gamestop unique someway?
So, if ACME (to use a company found only in the Roadrunner Cartoons) was in the same exact situation when this started, we would be talking about ACME instead of GameStop? Meaning that the fact that it was a company oriented toward the Reddit user community didn't have anything to do with it. If Gamestop had made adult diapers...the same thing would have happened?
So, if ACME (to use a company found only in the Roadrunner Cartoons) was in the same exact situation when this started, we would be talking about ACME instead of GameStop? Meaning that the fact that it was a company oriented toward the Reddit user community didn't have anything to do with it. If Gamestop had made adult diapers...the same thing would have happened?
Correct. This has nothing to do with the business.
This is all about squeezing the shorts, trying to make them feel as much pain as possible, and trying to cash in on it.
When it stops - and it always does - people who bought the stock will lose 80-90%, or more.
My late spouse was into ladybugs. So as a gift, I bought a ton of shares of LBRG.... Any thoughts?