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      05-26-2021, 08:27 PM   #6466
antzcrashing
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Quote:
Originally Posted by apar View Post
Quote:
Originally Posted by NorCalAthlete View Post
Can one of you old timers with far more knowledge than me break down why this is bullshit? Seriously, tamp my interest in GME. Show me how these conclusions redditors are coming to are dead wrong.

https://www.reddit.com/r/Superstonk/...es_finra_rule/

https://www.reddit.com/r/GME/comment..._gme_is_a_100/
Well for one, you're dealing with a lot of assumptions. Very little of that is actual hard data. It's easy to get caught up in a echo chamber where everything is taken as fact when a lot of it are just guesses. People are going to see what they want to see in the data and ignore anything that opposes their viewpoints.

I agree that GME has a substantial short position still that has not been closed yet and that those massive short positions are being concealed in failure to delivers in ex-clearing arrangements and married puts. The problem is.... unless you're the one who is doing the hiding, you have no idea of the actual size of it. Not to mention there currently is no way to stop them from just kicking the can down the road for years and just resetting the FTDs, potentially forever at relatively little cost to them.

So all we have are guesses.....that people will take as fact. Even if you had perfect information about short positions, there is no guarantee that this will pay out, as you have no idea what the other long counter parties involved in this will do (e.g. institutions that own millions of shares, insiders, other retail holders) so tread carefully with such a volatile stock. Have fun with it but don't invest more than you can safely afford to lose. Cheers.
"Not to mention there currently is no way to stop them from just kicking the can down the road for years and just resetting the FTDs, potentially forever at relatively little cost to them. "

The thing that might stop them is either 1) thinking there is another stock with a better outlook for shorting 2) thinking gamestop has a real bright future as a company

As spiteful as any human-being can be, another better opportunity is also a high motivation.

At this point it may still feel as though GME AMC and the memes (and the cryptos or at least the alt coins) are all just a bubble joke, but the jury is still out. 🍿
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