OK folks, here's the definitive guide to this whole GME business 
The Bee Explains: What The Heck Is Going On With GameStop?
The Bee Explains: What The Heck Is Going On With GameStop?
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GME and AMC stock action (out of main)
- Thread starter Electroman
- Start date
I died at the "GameStop has a unique, innovative business model where they sell video games and you give them money. It's a surefire bet." lineOK folks, here's the definitive guide to this whole GME business
The Bee Explains: What The Heck Is Going On With GameStop?
Now that the melvin capital catastrophe is spreading, and it seems gme shares might be over-bought (as in there's more shareholders participating in the squeeze than shares available!), anyone want to bet that the SEC forces GME to sell new equities (~30 million) next week? That will both allow the shorts to close their positions AND to shore up GME's financials to justify its current share price, bringing this "war" to a close?
dhanson865
Well-Known Member
LN1_Casey
Draco dormiens nunquam titillandus
Just wooooow. This is what happens when Reddit gets money. You know there is some Wall Street exec who has sworn DEATH upon the maker of that sign.
Artful Dodger
"Neko no me"
"Billionaire investor Mark Cuban: Reddit trend could be a great equalizer on Wall Street"
| CNBC Television
| CNBC Television
People will be sending Pizza's to your house and signing you up for Tinder accounts if they catch wind of your blasphemy.
The only way this should end is the hedge funds to close at massive losses.
People will be sending Pizza's to your house and signing you up for Tinder accounts if they catch wind of your blasphemy.
The only way this should end is the hedge funds to close at massive losses.
Granted it leaves room for the hedge funds to survive, but we're currently at a point where NO ONE is selling, and at a 130% short interest, there's no way for the short positions to close (even at a loss). Or are you saying that the stock price just isn't high enough for sellers to appear?
GrandEnigma
Member
thought I read somewhere he sold and missed the biggest part of this
dhanson865
Well-Known Member
AMC had $600 million in debt that just got wiped clear by the stock rally.
Reddit-fueled AMC rally gives Silver Lake $284 million gain
Reddit-fueled AMC rally gives Silver Lake $284 million gain
A little off-topic, but worth a watch to see Gensler, the next SEC commissioner, talking about all things fintech 2-3 years ago at MIT.
It gets super interesting at minute 33 and after.
It gets super interesting at minute 33 and after.
Huh? 50M shares were bought and sold today. If the funds want to liquidate their positions, they can. They just don't want to.
Congrats guys, we saved the movies!
Unlike most people here, I use an RIA firm. Anyways, I thought their weekly newsletter, mostly about Gamestop, was a good summary and an entertaining read. I got their permission to repost (link works now, I hope):
Crest Capital Advisors
Crest Capital Advisors
I watched. It sounds like a lot of top-class investors that are grappling with 4 years of no regulation and a lot of distractions and have billions of dollars up in the air because of that situation.
That was a great read. Thanks for sharing.
AMC/AMD, GME/GM - what's the difference...
I held my $AMC - put a high AH sell order, but looks like it stabilised around the mid $13's
I noted - unfortunately 2 minutes after the bell - that weekly calls are selling for a nice premium, so if you're holding more than 100 shares, it's a nice way to hedge the situation. I'll be looking Monday morning to sell a couple
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