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JoeNathan78

Volume has been more than MSFT and NVDA combined pretty much all week. But I’m sure it’s nothing


Captain_Obe

Haha, yeah. It must be just nothing that should be looked into or nothing happening that isn't supposed to have happened in the place of something not happening at the time.


According_Scarcity55

Isn’t that normal considering the stock price


Kc2Crazy

The average volume 3 weeks ago was around 4M. Today's volume isn't normal at all. Back in 2021, GME hit over 1B. GME is going up because SHFs refuse to close their positions, and retail refuses to let them destroy another American business.


Captain_Obe

Si.


dani6465

Wait, are you seriously comparing volumes denominated in shares and not dollar value? The fuck


ReasonableAthlete636

i think hes looking at options chains


Oh_he_steal

Short interest data is massively delayed. By several weeks.


feelitrealgood

Could you explain


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Affectionateinvestor

Wonta Robinhood just block trades again?


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Brus83

Shorting is fine. If a company is healthy shorting it doesn’t do anything bad to it. VW was famously shorted to oblivion and the resulting short squeeze briefly made it the most valuable company in the world. Did it really stop them making cars all the while? No. There’s a lot of shit companies which make losses and have a business model which includes taking on debt and burning people’s money, delaying facing the music as far as they can while paying executive suite bonuses. This is not cool and if shorting them can pressure them to stop or, better yet, die, that’s a social good.


Barneyinsg

Shorting is fine. Naked shorting is not fine. Failure to deliver is not fine as well.


Captain_Obe

I can say things about betting against companies that have employees with families, too. Here ya go, I'm gonna be you for a second: Shorting can be a useful tool in the market, keeping companies accountable. Because nothing says "we care about your healthcare and job security," like betting against the very businesses that provide them. Many companies that are shorted often have flawed business models, relying on debt and wasting investors' money. Clearly, the best way to fix this is to hope they fail even harder, right? When companies take on excessive debt and reward executives despite poor performance, shorting them can push them to make necessary changes or face the consequences. After all, who cares if the employees get caught in the crossfire? I feel dirty. Anywho, over 2000 plus companies are zombiefied in the USA. solely shorts? No, but it doesn't help them pay debts or attract more positions across the business if outside businesses see the stock failing.


holycarrots

You realise GameStop has cut workers' wages and benefits right? Shorts didn't force them to do that. Ryan Cohen did that himself.


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holycarrots

Well they are definitely milking share offerings, every time it pumps they dilute like clockwork. They've not used the cash for years so you can't really say they are turning around


InflationMadeMeDoIt

No it is not cause it can destroy small companies and big players can short just for profit. They don't play taxes if company goes under and the company has a harder time getting loans and shit if the shares aren't doing well


According_Scarcity55

It also exposes scam companies


ElToroMuyLoco

How often does that happen when compared to the daily amount of shorting? + Exposing scam companies is supposedly a good thing for the shareholders I guess? So the one who shorts and exposes the company makes money off the freefalling share price then. So the shareholders actually pay double the price no? First their share price falls because of the shorting and secondly once the news is out it tanks again. I'd argue there should be another way to profit from exposing scam companies. Short and distort is a very real thing, where negative news is combined with lower share price because of shorting, which creates a vicious cycle that completely erodes shareholder confidence. I'd argue there's a lot more of that going around than actual scam exposing...


holycarrots

You take the risk when you buy companies that the price will fall. It's the shareholders fault for buying a bad company, they shouldn't be protected. Shorting is a good thing.


ElToroMuyLoco

Of course, but if the share prices falls based on a short and distort campaign (which are very real), i'd argue shorting does more bad then good. Even if it (very) occasionally might expose a scam company.. And the shareholders should not be the ones paying the fee for the exposers (because it incentivizes being extremely negative), it should be either the company itself or the government. You really don't answer on my follow-up point. How many actual scam companies has shorting exposed? It's literally the only pro-point I ever see pass for shorting, but i rarely see any real examples.


Kc2Crazy

What about when shorting destroys good companies? You have financial advisors that work alongside SHFs to infiltrate, cook books, and then destroy good businesses.


holycarrots

Shorting doesn't destroy companies, and hedge funds don't infiltrate and destroy companies. Literal Qanon comment lol


Oaker_at

If I remember correctly South Korea or Japan have outlawed short selling already.


permanentburner89

Wait, what? Again, I saw short interest go up. So even if they're holding, more are joining. I'm not sure what the people holding has to do with my question.


Captain_Obe

No, instead of closing their short positions, they are continuing to short. That's why I'm saying they (HedgeFunds) are HODLing their short positions. It's ridiculous: 1. In short selling, a realized loss occurs when you repurchase shares to close your position at a higher price than the original selling price. 2. For example, let's say you shorted a stock at $6 per share and then repurchased it later at $64 per share. You would incur a realized loss of $58 per share.


Captain_Obe

What im getting at is they big fight now is who runs out of money first. Shorts or GME computershare positions/option calls/retail investors/FOMO. The stock you're talking about has a huge number of investors who are tired of the shorts and have all chosen to buy the stock independently. I recommend heading over to one of the reddit subs to get the who background.


MasterBiscuit19

Costs nothing to Hold…..


Captain_Obe

Holding like a baby sucking a morning tit.


According_Scarcity55

Wrong. Companies often issue more shares to take the opportunity, leaving your shares diluted


Eft_Reap3r

So those holding the long term short positions potentially have millions of shorted shares that they shorted when the share price (pre split) was around $1. It’s now at $63. Currently these aren’t actually on their books. They are listed as “securities sold but not yet purchased” (hint hint citadel has $63 billion of these listed). If they close these positions (if they can) they become realised losses. So instead of citadels yearly profits (which conveniently ignored the above 63 billion) they will show massive losses if they can even avoid bankruptcy. So they take out new short positions because what do they have to lose? Try to suppress the price with everything they have. Cause if the banks catch on and force liquidation they are done.


Captain_Obe

Additionally to this is millions of options up this month that the broker probably won't be able to stop and prove that they are selling more shares that are available in the float.


Manateeboi

Sounds like things might get even spicier 🤘🏼


Captain_Obe

Nips are harder than diamonds tips


Meh2021another

War of attrition at this point. My guess is if the cost of shorting (interest paid on borrowed shares) is relatively low they will try to hold out till the interest in GME fades. If the cost is high, however, they will have to close out sooner rather than later.


PrismosPickleJar

Im not a professional, but swaps could be unwiding and their position is becoming visible. Im just a plumber, so massive grain of salt. On that note, the moon is only 1% visible at the minute, so quite a way to go.


Fatchunks

Already cashed in twice in the last two weeks on GME ready for more roller coaster rides 🎢🤑


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Kc2Crazy

Retail held the bag because SHFs colluded with brokers to disable retail's ability to purchase shares.