Scaresies chat page

[whatsup]

So who is following the Robinhood , GameStop , AMD etc in the U S atm ?

[allfromacell]

So who is following the Robinhood , GameStop , AMD etc in the U S atm ?

Very entertaining indeed, I've been holding a very small night out at the casino sized holding of GME for a few days now. Very fun to watch the big shorters sweat it and why not be a part of it .
Looking forward to watching how this unfolds next week, I see the original reddit user who started buying GME early last year is currently holding $46M USD worth of shares / contracts (attached)
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[Waltzing]

Entertaining... this is the stuff that starts fires... margin calls... and then a hedge fund takes a hit ... Long Term Capital markets.... ect...fire be gets fire.

[allfromacell]

Entertaining... this is the stuff that starts fires... margin calls... and then a hedge fund takes a hit ... Long Term Capital markets.... ect...fire be gets fire.

Any fund shorting a stock with over 130% short interest is acting arrogantly and deserves to be squeezed. Perhaps a wake up call is needed.

[nztx]

Anyone watching Express Inc (EXPR) ?

Interesting movements there .. even more interesting share register too

could be some delight for traders in recent trading sessions ..

[Ferg]

Anyone watching Express Inc (EXPR) ?

Interesting movements there .. even more interesting share register too

could be some delight for traders in recent trading sessions ..

I'm not following that one - what's up with the share register? I see the price spiked a couple of days ago when (I'm guessing) a number of funds reversed their short positions in light of the GME disaster.

I'm also curious about LGND. According to Yahoo, institutions hold 146% (?!) of shares. How is that possible? They are also #6 on the list of the most shorted stocks: https://www.highshortinterest.com/all/
GME has the same anomaly where institutions hold 122% of shares.

[Scrunch]

I'm not following that one - what's up with the share register? I see the price spiked a couple of days ago when (I'm guessing) a number of funds reversed their short positions in light of the GME disaster.

I'm also curious about LGND. According to Yahoo, institutions hold 146% (?!) of shares. How is that possible? They are also #6 on the list of the most shorted stocks: https://www.highshortinterest.co85mm/all/
GME has the same anomaly where institutions hold 122% of shares.

I think it comes from massive short positions having been created. Yahoo Finance has GME data as at 14 Jan. At that point in time there was a short position of 61.78m shares. Total shares on issue 69.75m shares. This effectively means there are 131.53m shares available for purchase. If institutions own 85m of these shares, they will own 122% of the company.

There is also a completely mind-blowing volume of shares trading. The GME 10-day average is 116.17m shares/day, so more shares are trading in a day than are on issue. It would be like FPH having trading volumes 700m shares/day, rather than the more normal 1m/day that occurs for this company. While different currencies, both FPH and GME have a market cap of about $20b (but who know's what market cap GME will have in a few days!!)

[kiora]

"The biggest losers from the GameStop turmoil? An early list"
https://www.marketwatch.com/story/th...?siteid=yhoof2

[ratkin]

I have not signed up with sharsies, but hate all the snobbery that some on this group show towards it. So what if people are only investing small amounts, or are very enthusiastic chasing tesla etc. Live and let live.

Most of us that have ignored sharsies are probably missing out on plenty of opportunities as it seems the easiest way to gain access to individual overseas companies.

Perhaps Vince should open up a new sub forum for Sharsies, might be very popular

[beetills]

Only joined Sharesies when they made the USA shares available.
Now i have shares in companies that pay divies every 3 months(REIT) and one that pays every month.Was thinking of buying into NZL on the NZX but found 2 companies in the US that are well established doing the same thing,so in i went.(FPI &LAND).As well as those shares i have purchased shares in NYMT,ORN,SFL,APTS and NAT.
Just a bit of fun as a very small investor.