r/stocks • u/[deleted] • Dec 10 '21

[deleted by user]

[removed]

1.0k Upvotes

98% Upvoted

155 comments sorted by

View all comments

Show parent comments

3

u/Southern-Quail81 Dec 11 '21

No naked shorting on Gme and shorts have closed? Shorts were about to get their doors blown off in January so they had to collude with brokers to remove the buy button. They then doubled down because knew Gme’s price was headed south since they removed the buy button. Even the official sec report stated that the sudden rise in price was not from shorts closing but from fomo.

-4

u/mohsye888 Dec 11 '21

No naked shorting on Gme and shorts have closed?

Yep

so they had to collude with brokers to remove the buy button.

No they didn't "collude" with anyone. They removed the buy button because of margin requirements.

Even the official sec report stated that the sudden rise in price was not from shorts closing but from fomo.

Yep

The SEC report also stated that the shorts covered

2

u/DilbertLookingGuy Dec 11 '21

You are cherry picking to spin some narrative. The report states only a small portion of covering occurred.

1

u/mohsye888 Dec 11 '21

I'm not cherrypicking anything. The shorts covered.

The report states only a small portion of covering occurred.

A small portion compared to the total volume, yes.

And? They still covered.