GME / AMC please watch
Comments
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AG seems to be the next shorted stock?
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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.ntxduck said:
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 theirsHoustonHusky said:Its Twitter so who knows if its true (don't have RH account so no idea what the interface looks like) but a lot of these claims going around:
Note its currently trading at ~$240/share...
I wonder if the forced-close happened with purchased shares? -
Don't you have to return/replace the shares? Or in this case, the share?1to392831weretaken said:
Or they don't. And they won't.creepycoug said:
Of course everybody has to go out eventually and cover the short. What a fun game.FremontTroll said:
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.RaceBannon said:
Raises handFremontTroll said: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.
Now 200% are short and 300% are long. -
Yahoo finance is your source?Sources said:
Uh...FremontTroll said:
Incorrect but even if true doesn’t change my point.Sources said:
It wasn't 140% of the float. It was 140% of total outstanding shares.FremontTroll said: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.
https://finance.yahoo.com/quote/GME/key-statistics/
"Short % of Float (Jan 15, 2021) 4 226.42%"
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. -
Not if you have infinite dollars to cover your losses.creepycoug said:
Don't you have to return/replace the shares? Or in this case, the share?1to392831weretaken said:
Or they don't. And they won't.creepycoug said:
Of course everybody has to go out eventually and cover the short. What a fun game.FremontTroll said:
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.RaceBannon said:
Raises handFremontTroll said: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.
Now 200% are short and 300% are long. -
By law, yes. In practice, no.creepycoug said:
Don't you have to return/replace the shares? Or in this case, the share?1to392831weretaken said:
Or they don't. And they won't.creepycoug said:
Of course everybody has to go out eventually and cover the short. What a fun game.FremontTroll said:
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.RaceBannon said:
Raises handFremontTroll said: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.
Now 200% are short and 300% are long.
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. -
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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.creepycoug said:
Careful Beav. We don't wear flannel shirts in the club. That's the other place.BennyBeaver said: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
If the "big lie" is accepted as the truth on the finance board, that speaks volumes. -
I see.FremontTroll said:
Not if you have infinite dollars to cover your losses.creepycoug said:
Don't you have to return/replace the shares? Or in this case, the share?1to392831weretaken said:
Or they don't. And they won't.creepycoug said:
Of course everybody has to go out eventually and cover the short. What a fun game.FremontTroll said:
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.RaceBannon said:
Raises handFremontTroll said: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.
Now 200% are short and 300% are long. -
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.BennyBeaver said:
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.creepycoug said:
Careful Beav. We don't wear flannel shirts in the club. That's the other place.BennyBeaver said: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
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.
