Question about Gamestop

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?

Gamestock has better meme factor

75%+ of my generation's males is very familiar and nostalgic about gamestop

Even if they all hate their trade in prices (they sort of operate like a pawn shop for video games, no pawn only trade in)

If you're 20-35 the idea of making money on investing in gamestop is worth it purely for the laughs.

Also just hte name alone has got to be worth hundreds of millions. Maybe billions.
 
The way GME is falling, today, dipping below a hundred bucks, is now a good time to short it?
 
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?
Way way way over shorted percentage wise making it impossible for a good portion of shorts to cover makes for an easy target. They were over 100% short the next worse company was about 50% others 35% short that were targets.
 
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%.

That's what makes the squeeze work. The short sellers have borrowed a share and sold it...they still owe that borrowed stock back.

The hope, for them, was that the stock price would fall, they'd buy the stock back atthe lower price, return the stock and pocket the difference.

Right now there are less stocks available than shares owed back from the short sales.

That means the short sellers are forced to buy a stick to return no matter what the price is at the end of the term (the duration of the loan of the stock).

And that ironically drives the price even higher.








Exactly. Stock specialists do this shit all of the time. Short enough shares and the stock price drops automatically. It's a nearly guaranteed outcome.

However, when these greedy assholes do this, and get caught, you can really fuck them up. I was involved in a short squeeze with Neutrogena (a good friend owned the company) and we cost the short seller millions of dollars in just a few days.
 
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?

Gamestock has better meme factor

75%+ of my generation's males is very familiar and nostalgic about gamestop

Even if they all hate their trade in prices (they sort of operate like a pawn shop for video games, no pawn only trade in)

If you're 20-35 the idea of making money on investing in gamestop is worth it purely for the laughs.

Also just hte name alone has got to be worth hundreds of millions. Maybe billions.

That's what I think. If a company called the ACME had the identical corporate profile...they would have been ignored completely by this group of Redditers.
 
The way GME is falling, today, dipping below a hundred bucks, is now a good time to short it?

be careful lol

they have detached from fundamentals

i would not recommend playing in any stock like that unless you're going to do a momentum play early

These autists might rally it
 
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?

Gamestock has better meme factor

75%+ of my generation's males is very familiar and nostalgic about gamestop

Even if they all hate their trade in prices (they sort of operate like a pawn shop for video games, no pawn only trade in)

If you're 20-35 the idea of making money on investing in gamestop is worth it purely for the laughs.

Also just hte name alone has got to be worth hundreds of millions. Maybe billions.

That's what I think. If a company called the ACME had the identical corporate profile...they would have been ignored completely by this group of Redditers.





Look at candy the stooge. Supporting billionaires over the little guy. What a feckless fraud you are.
 

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