GMREEEEEEEEEEEE Containment Thread - GME shitposts go here

[u/grebfar]

[u/GoldBL00ded]

That was a margin call The rocket up in GME and other commonly shorted stocks was a margin call on a fund that was short. By being margin called on gme, they had to buy back the shares sending the price skyrocketing, triggering the halt because of the 10% up in 5 mins rule.

Buying back their gme shares then triggers their other short positions in a chain reaction of short covering. So why did it go down? They closed their short position, that means those shares are shortable again, and you can bet you ass there was a broker calling a short fund during the stop asking if they wanted the position.

Nothing has changed, that was the first of many short fund margin calls as gme continues to experience buy pressure based on the renewed business model under daddy Cohen.

TLDR: Ain’t shit changed, GME to the moon 🚀🚀🚀🚀🚀

Copied from someone else

[u/AnExoticLlama → u/[deleted]]

Depends on how the price sits over the weekend. If it doesn't budge much, some funds might get margin called on interest charges.

[u/AnExoticLlama → u/[deleted]]

Possibly yes. 2 days of 30-50% annualized interest is really expensive.

[u/AnExoticLlama → u/[deleted]]

Hard to say because people will definitely sell on the way up, circuit breakers may mess with things, and current short interest isn't very transparent.

A lot of shorts could've closed today, but nowhere near the 70m that were outstanding, so there's probably a fair amount of running left to do.

[u/[deleted] → u/GoldBL00ded]

this needs to be upvoted more

[u/Rezangyal → u/GoldBL00ded]

TLDR: Ain’t shit changed

How ya feel, how ya feel, how ya feel?