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C'mon it's 7 cents a share.... LOL...the ceiling is what? 11 cents?My late spouse was into ladybugs. So as a gift, I bought a ton of shares of LBRG.... Any thoughts?
I have no thoughts.
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C'mon it's 7 cents a share.... LOL...the ceiling is what? 11 cents?My late spouse was into ladybugs. So as a gift, I bought a ton of shares of LBRG.... Any thoughts?
I have no thoughts.
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?
But be careful if you do ! Mark Cuban was on Reddit yesterday giving advice.The way GME is falling, today, dipping below a hundred bucks, is now a good time to short it?
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?
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.
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?
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.