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Originally Posted by stoploss
That’s what the hedge fund thought .These closed at $198.00 at the end of their session yesterday . Currently over $ 400 in after market or premarket whatever it is . That’s a whole world of pain to a short ..... Good luck !
It only closed down because of what I said in previous post...
This is a huge stab in the back for all retail investors...
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Member
Originally Posted by James108
Is there any easy way to short GME (and other US stocks for that matter) from NZ? Surely this is now a clear short opportunity.
Only if you enjoy the thought of impending bankruptcy. As at yesterday, there were 9000 total stocks available to borrow for a short, at 32%. Naked shorting unless you're a market maker is securities fraud. And all the float is in the hands of either ETFs that can't drop them yet because they need to wait for rebalance, or people who hold simply for the purpose of destroying you if you're shorting it.
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Re: shorting it. I know how to manage risk, I.e not go bankrupt. when i typed that it was already $400ish in pre-market. I would be willing to bet that the stock halves before it tripples from here from $290 (I could be wrong but that would be the parameters for me closing out my short), and also that it would be lower than $290 in a year from now.
So what you are saying is despite this clearly going to fall off a cliff at some point there is no way to short it?
Last edited by James108; 30-01-2021 at 07:53 AM.
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From my understanding the leverage involved when as short is falling is big. The likes of GME still have plenty of upside potential until the existing shorts in the stock have played out.
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Great story and well done to the redditors who thought up the scheme.
Sad to see the mainstream media bagging them. I don't have anything against Melvin Capital but you take the risk you take the consequences of being wrong or someone out playing you at the stock market game.
Sad to see Citadel bailing out Melvin capital and possibly government agencies coming in to help (too big to fail?). It would be a shame to see a continuation of the "heads I win tails you lose" market in the USA.
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Originally Posted by Aaron
Great story and well done to the redditors who thought up the scheme.
Sad to see the mainstream media bagging them. I don't have anything against Melvin Capital but you take the risk you take the consequences of being wrong or someone out playing you at the stock market game.
Sad to see Citadel bailing out Melvin capital and possibly government agencies coming in to help (too big to fail?). It would be a shame to see a continuation of the "heads I win tails you lose" market in the USA.
Wallstreet have been taking advantage of retail nvestors for decades... the first time retail investors fight back ... the hedge funds get bailed out...it all stinks to high hell...
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This is courtesy of Paddles...
This is an absolute bomb shell unfolding....
Attachment 12273
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Junior Member
Originally Posted by nztx
No allowed to buy GME or AMC here via Sharesies' US Partner - Drivewealth as of tonight !!
Different story for selling, which is fine by the same US provider for Sharesies
Talk about market rigging being practiced & pushed outwards from some providers
Are Drivewealth affiliated with another alleged outfit of Hooded Robbers in the US
in practicing stealing buying opportunities from their customers when they feel like it, etc ?
point72 are major investors of Drivewealth. point72 along with citadel have recently bailed out Melvin Capital. So basically point72 are helping Melvin and using Drivewealth to shut down buying. Truly fascinating.
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