Yeah, they reported great numbers across the board and also in China ... blew out expectations, but the stock isn't moving. I'm wondering if it'll move up when the call starts and they start detailing stuff.
Wait... did the short interest in GME actually go UP today? Even after Melvin bailed? I mean... the strategy makes sense, the price is unsustainably high, BUT, is this not getting yourself into the SAME scenario? This really could be an INFINITY squeeze until people STOP shorting it completely. As long as there are people rifling money into it...
I ..... BELIEVE ......short interest values are only updated once or twice a month, so if it was updated, it may have changed, but it will still be delayed more than likely. I don't know of a source that lists the current short interest (could exist, but I don't know of it).
Curious what they can actually do about it though. Will be interesting the long term effects these few days will have on the market going forward.
Why are they releasing a statement to US, the American people, like we give a ****? They're doing this work on behalf of institutions, not US. We do not ****ing care. This reminds me of the media on ESPN complaining about how they get treated. Bro. We don't ****ing care about you. Lol. There are more of us, we just don't have the platform. **** the SEC. Come and take it. Lol. I hate that term. AND - they absolutely will come and take it. Ha. Too much coffee today, sorry.
Yeah. I honestly don't know. They may be able to investigate if any of the WSB crowd are big players/traders trying to manipulate the market or something, but I don't think they'll go after small fries. I don't know. Like that SEC lawyer said yesterday, I think they have, but who knows. If they end up finding out that 20% of WSB is duplicate accounts and bots ... lol... who knows. I do hope some change comes about, though. Mostly for more transparency, more accountability, etc. We had similar changes after the Financial Crisis/Great Recession in 2007/2008. I'd like to see some investigation into why brokerages continue to have load issues during these spikes. lol.
Well, it's definitely gonna slow the roll of these Hedge Fund guys using shorts ad nauseum to add to their portfolios. Couldn't happen to a nice bunch of guys.
Ok, one of the stocks being mentioned today is NAKD. Any thoughts on this for a short term in and out play?
Well, the subreddit WallStreetBets just went private so unless you're already in, your chances of seeing their content just fell dramatically.
White House is 'monitoring the situation' with GameStop https://www.businessinsider.com/biden-white-house-monitoring-gamestop-stock-market-2021-1?amp
