Trading the stockmarket (NO Referrals)

fez said:
They will have excuses a plenty for their behaviour and the right palms will be greased to make sure no one of import faces any consequences. Same as usual basically.
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Probably, however I'm also thinking from the corporate side, doubt they will take the losses on the chin, could they file a counter claim for reddit market manipulation?

if the above does happen then what happens to the people involved i.e. every normal man and dog who got in on the act?
 
Is it not feasible that Gamestop issues additional shares to cash in on this frenzy, resulting in more float being available to cover the shorts?
 
Firestar_3x said:
Probably, however I'm also thinking from the corporate side, doubt they will take the losses on the chin, could they file a counter claim for reddit market manipulation?

if the above does happen then what happens to the people involved i.e. every normal man and dog who got in on the act?
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I don't know how you would sue hundreds of thousands of people for buying shares with very little understanding of the implecations. The shares were obviously very undervalued as well due to all the hedge funds shorting them. I don't know if that would be a sensible thread to pull on.

Heavily shorting a stock will usually force its value down and they have been profiteering from this. How on earth its legal to short more shares than the company has issued is beyond me. They literally made this powderkeg themselves and when it blows up they will have no one to blame.
 
fez said:
They will have excuses a plenty for their behaviour and the right palms will be greased to make sure no one of import faces any consequences. Same as usual basically.
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Consequences for what? Shorting a company that some Redditors have a hard-on for? Why is their position any different to the WSB mob trying to manipulate the market?

It's well into delusion territory now....started out as a simple stock pump, now this robin hood narrative, david and goliath, fighting a war. It's all just people being manipulated....
 
Is part of the issue not that they've shorted the stock without actually borrowing it in the first place (hence it's over 100% shorted), which i thought was illegal?
 
dwarf said:
Is it not feasible that Gamestop issues additional shares to cash in on this frenzy, resulting in more float being available to cover the shorts?
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Yes, but there's a limit to how many shares they can issue and I believe it's very small as to not be able to affect much. If they did it would be a PR disaster so they're doing the best thing by ignoring the entire debacle and getting on with business.

At this point it's a war between the squeezer's and those that would be squoze. Someone's going to win and it'll either end up back down <$60 or >$1,000 and I have no idea who will blink first. Retail is actually standing pretty strong surprisingly but my own inclination is Melvin et al pumped the stock to $480 yesterday and then bought more shorts before the short ladder attack a couple of minute's later when all the broker's stopped allowing buying. For retail to win it'll have to get to new ATH's which is possible with the gamma squeeze today but i'm not willing to make that bet.
 
Krono5 said:
Decided to sell the rest of my GME, it's halted in the 300-400 range the past 2 days so I no longer have confidence it'll continue to rise although it wouldn't surprise me as the squeeze has not squoze yet. Finished on £28k from £5k original investment so still a big win. Gonna have to look into capital gains tax now as it wasn't in an ISA.
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you'll be ok. It's only about £1k is a normal tax payer or £2k is a higher rate payer.
 
Well thank the Lord for that I’ve managed to close my position. Small win, I couldn’t face the stress of holding it over the weekend. Started the day £4k down and ended up on it. So I’m not complaining.

Good game IG you’re the best!

Yeh right.
 
mid_gen said:
Consequences for what? Shorting a company that some Redditors have a hard-on for? Why is their position any different to the WSB mob trying to manipulate the market?
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Consequences for shorting a company into being massively undervalued. Not being able to/wanting to cover their losses so manipulating trading companies into limiting what the regular traders are allowed to do in order to reduce the price of the shares?

When this all comes out in the wash we will hopefully find out what was done and whether it was directly illegal or up for interpretation. RH have limited the number of shares in GME people can buy to 5. They completely stopped their normal users from buying for a while yesterday whilst allowing the big fish to continue.

There are plenty of things to look at.
 
Martynt74 said:
Is part of the issue not that they've shorted the stock without actually borrowing it in the first place (hence it's over 100% shorted), which i thought was illegal?
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It is illegal to naked short like that but it's not clear if that is actually the case. You can get over 100% shorted if say 70% of shares are loaned to shorter's who then sell those shares at which point the new owner's lend them to different shorters. That would result in 140% being short and be perfectly legal from my understanding.
 
shorts are not going to wait until monday right? if they have to buy shares they are going to do it in aftermarket?

cos everyone is saying hold till monday for AMC, I'm not convinced if the shorts are "supposed" to expire today
 
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