Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.
If you don’t understand that then you don’t understand short selling.
Raises hand
You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.
Now 200% are short and 300% are long.
Of course everybody has to go out eventually and cover the short. What a fun game.
Don’t make high risk trades on margin. Google what a margin account is and you’ll see this is a common occurrence at every brokerage on earth. If you want to gamble, gamble with your money, not theirs
Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.
If you don’t understand that then you don’t understand short selling.
Raises hand
You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.
Now 200% are short and 300% are long.
Of course everybody has to go out eventually and cover the short. What a fun game.
Don’t make high risk trades on margin. Google what a margin account is and you’ll see this is a common occurrence at every brokerage on earth. If you want to gamble, gamble with your money, not theirs
Agreed on margin. The brokerage has their ass hanging out in the wind given that things can change in a hurry in that kind of volatile trading environment.
I wonder if the forced-close happened with purchased shares?
Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.
If you don’t understand that then you don’t understand short selling.
Raises hand
You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.
Now 200% are short and 300% are long.
Of course everybody has to go out eventually and cover the short. What a fun game.
Or they don't. And they won't.
Don't you have to return/replace the shares? Or in this case, the share?
Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.
If you don’t understand that then you don’t understand short selling.
Raises hand
You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.
Now 200% are short and 300% are long.
Of course everybody has to go out eventually and cover the short. What a fun game.
Or they don't. And they won't.
Don't you have to return/replace the shares? Or in this case, the share?
Not if you have infinite dollars to cover your losses.
Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.
If you don’t understand that then you don’t understand short selling.
Raises hand
You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.
Now 200% are short and 300% are long.
Of course everybody has to go out eventually and cover the short. What a fun game.
Or they don't. And they won't.
Don't you have to return/replace the shares? Or in this case, the share?
By law, yes. In practice, no.
This list would not exist if there were no such thing as failures to deliver. Read the Taibbi piece I linked above. Every security on that list has spent at least five consecutive days with either 10,000 shares or half of a percent of issued shares failed to deliver.
Just chiming in to say that just because 140% of the float is shorted doesn’t necessarily mean anyone was naked shorting.
If you don’t understand that then you don’t understand short selling.
Raises hand
You own one share of $gme. You lend it to me and I sell it short. @Swaye hears in a peyote filled vision that the white people are making all the money again and decides to jump in and buys that share from me. But then Swaye lends his share (which is really still your share) out to another short seller who sells it to someone else.
Now 200% are short and 300% are long.
Of course everybody has to go out eventually and cover the short. What a fun game.
Or they don't. And they won't.
Don't you have to return/replace the shares? Or in this case, the share?
Not if you have infinite dollars to cover your losses.
Looks like some of you still need to grasp this: There was no rigged election.
Carry on with the outrage over the rigged financial system.
HTH
Careful Beav. We don't wear flannel shirts in the club. That's the other place.
I get that a line needs to be drawn between this place and the Tug. I agree with that and would love for it to be true.
If the "big lie" is accepted as the truth on the finance board, that speaks volumes.
Whether the election was rigged or not doesn't affect our discussions here. If what you mean by "big lie" is all the scrambling for cover by influential hedge fund managers, then, no, it is not established here as a big lie.
Shutting down on-line trading, other than for margin account and trading volatility, is unusual. I'd be pissed if someone closed me out without my permission and then told me it was because it was too risk.
Comments
Informative Tweet thread.
Carry on with the outrage over the rigged financial system.
HTH
https://finance.yahoo.com/quote/GME/key-statistics/
"Short % of Float (Jan 15, 2021) 4 226.42%"
I wonder if the forced-close happened with purchased shares?
Also from said link, number of shares shorted: 61.46 million which is less than number of shares outstanding and not anywhere near 226% of the float.
This list would not exist if there were no such thing as failures to deliver. Read the Taibbi piece I linked above. Every security on that list has spent at least five consecutive days with either 10,000 shares or half of a percent of issued shares failed to deliver.
If the "big lie" is accepted as the truth on the finance board, that speaks volumes.
Shutting down on-line trading, other than for margin account and trading volatility, is unusual. I'd be pissed if someone closed me out without my permission and then told me it was because it was too risk.