How do you expect to find stocks to short in a stock which is already having a 140% short float? It will be impossible to be done.
It's game over for shorts in this stock.
Buried in Reddit, the Seeds of Melvin Capital’s Crisis
- Thread starter dealmaker
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How do you expect to find stocks to short in a stock which is already having a 140% short float? It will be impossible to be done.
It's game over for shorts in this stock.
I was able to short Monday at 140 or so. Covered under 70.
It's not game over for the shorts. This stock is going to collapse so fucking hard you won't even know what's happening. This will swing right down to the double digits.
Nothing but a fools game is all this is right now.
It has zero fundamentals and it's a damn company that sells video games. Wake up.
I can look past @S2007S because he is a gay perma bear.
But @Overnight again you speak of things you know nothing about. Is GME a failing mail retailer? Yes. What does that have anything to do with the stock price? Fundamentals? The same fundamentals that say GME was a short at $20 which is now 345 pre mkt? And @Overnight admits he mostly only trades index futures. WTF do you know about single stock?
WSB is epically right. Gay bears are retarded. How big of a drawdown do you have to take to prove you were right? For what a maybe 50% up day on your short? WSB is up multiples of your imaginary short on the long side even after a 50% single day crash.
But @Overnight again you speak of things you know nothing about. Is GME a failing mail retailer? Yes. What does that have anything to do with the stock price? Fundamentals? The same fundamentals that say GME was a short at $20 which is now 345 pre mkt? And @Overnight admits he mostly only trades index futures. WTF do you know about single stock?
WSB is epically right. Gay bears are retarded. How big of a drawdown do you have to take to prove you were right? For what a maybe 50% up day on your short? WSB is up multiples of your imaginary short on the long side even after a 50% single day crash.
Absolutely true, these guys ran out of money long time ago, very few of them bought shares above $150. Now those who bought the high of yesterday are now up 100% easy.
Melvin is paying the price of being stubborn and it's no different than retail or small traders mistake of hanging on too long to a losing position (Especially a short).
I agree, but again the same old golden statement, "The market can stay irrational much longer than you can stay solvent".
The billion dollar question is from which price is it going to start the collapse? $500? $700? $1,000?
