/biz/ - Business & Finance

>>27182152
They're try the best they can to avoid that, of course.
But 140% overshorted, i mean, they're fucked.

I read that even a measly 50% of shorts can trigger a squeeze, and this becomes more and more likely as the percentage increase

melvin covered their retarded-ass $3 shorts on monday and tuesday at $90
the current short interest opened at $300 on wednesday
The Short Squeeze is now just the myth of the gme cult
it's never coming

Well then everyone will just have to take their trading to crypto and we have a replacement economy and even a break away society.

>>27182152
They very well might, but that will be a huge redpill for alot of people. All eyes are on them right now. Not to get to /pol/ack on you, but i wouldnt be surprised if they had some false flag bs blow up on the news or Iran didnt some gay bs in the desert and it becomes some awful thing that every one has to pay attention to now

>>27182401
This garbage again?

>>27182152
Other massive institutions are in on this too, they’re gonna get paid or they’ll be bigger hell to pay... they smell blood

>>27182401
nice try

If you think the wall street hedgefunds will lose I have a bridge to sell you.


In fact, if anyone wants to take me up on my offer


I will lay 5-1 odds that they will not go under and will subsequently stay afloat.

That is, I am willing to bet 5 ETH to your 1 ETH.
If your so sure of their demise, then you would surely take up my value offer.
However, I know none of you really think they will go under and you know this deep down inside your heart of hearts.
Because at the end of the day this quote rings ever so true "With Jews, You Lose!"

>>27182152
>let

The only “letting” here will be me letting them buy my shares for $10,000 each

>>27183145
that spacing

>>27183145
To be fair it wouldn't surprise me if this was a ploy to get loads of retards to save failing American companies.

>>27182152
it already mooned. It went from $10 to $500. I don't what more people expect but many retards will get burned soon.

>>27182947

They're closing old shorts and opening new ones. Bagholders about to get absolutely rek'd

>>27182401
Agreed. It was the elites' fault, for having ABSOLUTELY POOR JUDGEMENT.

Prorip to the elite fags losing power: Want to stop making bad deals? STOP BEING STUPID AND CORRUPT.

>>27183531
This. Normies saw that one guy's 12 million gains and though "well if it went from $3 to $500, then if we keep it up it can go from $500 to $20000". Then the WSB pump and dumpers fed the normie delusion with pseudo analysis saying this could yield infinite gains if you just hold forever

>>27183895
Assuming you're not shitposting, what do you think the most probable ceiling is for GME? There's almost going to be some sort of Monday morning excitement once the market reopens. I'm thinking $375, maybe $400 with another Elon tweet.

>>27183145
Blackrock is on the side of the squeezers.

shut the motherfuck up

“I thought I was making an incredible investment,” Mark Hilton of Sherwood Elementary School stated. “I read in Margin of Safety by Seth Klarman that when kids on Wall Street Bets bid up bankrupt stocks you should short them. When GameStop went to $100 per share I put $15,000 of our school’s funds into a short.”

Mark Hilton, 45, has been the superintendent of Sherwood Elementary School in St. Louis, Missouri for 10 years. During the past ten year’s Mark has been in charge of managing Sherwood’s endowment fund – mainly investing in long-term index funds. This past year during the pandemic, Mark started to read as many investing book as he could get his hands on.

“I read over 14 books on investment strategy,” Mark said. “When I saw the hype with GameStop I remembered Ben Graham saying how meme stocks are a great short when kids on internet forums take them to ridiculous valuations.”

Literally seconds after Mark put a short order in, GameStop went to $400. “I was devastated. Not only did I short GameStop but I did it on 10x margin. When I looked at Sherwood’s Robinhood account it showed negative $12 million.”

Sherwood Elementary is now in the hole for $12.45 million. The school is on the verge of bankruptcy and ruin and completely out of funds. “We are holding a local bake sale this weekend,” Mark stated. “But there is no way we can come up with this money. I will have to fire all of our great teachers.”

If you have any idea what Sherwood Elementary can do to raise funds don’t hesitate to call the district.

https://thestonkmarket.com/elementary-school-lost-12-45-million-on-botched-gamestop-short/

>>27182152
>>27184123

This gamestop shit is a nothingburger in the grand scheme of the finance world, they're probably just going to leave melvin out to dry and move onto bigger things

>>27184435
>If you have any idea what Sherwood Elementary can do to raise funds don’t hesitate to call the district.

Kek theyll have to sell the kids to make up that much money

>>27182152
it was never about the money.

>>27186008
>>27184435
These are the type of people who think the onion is a legit newspaper

>>27183665
The problem with that sentiment is no one will let go of their GME as long is there is over 100% floated, whoever picked up the new shorts is now fucked. This won't stop until the short float has decreased to less than 50%

>>27182152

Do you think
You can break your obligations
And things will keep carrying on as normal?

You can back out of your obligations
But you will show the world your true colors
And you can never set things right

NEVER FUCKING SELLING
ALREADY HAD COST OF BUYING COVERED, I'LL LITERALLY NEVER SELL NOW

FUCK
YOU

>>27182152
I don't think you understand anon. A bunch of poor fags from Leddit and 4chan buying 10-100 shares each isn't denting the market. Industrial Investors (ie: other hedgefunds), saw the opportunity and jumped on the meme.

This will happen because of hedgefund civil war, not because of le epic alliance

>>27182152
https://vocaroo.com/1aJjOeoq6TFa
>https://vocaroo.com/1aJjOeoq6TFa
https://vocaroo.com/1aJjOeoq6TFa
>https://vocaroo.com/1aJjOeoq6TFa
Still not gonna sell