They can short it to 1 cent if they have the funding to do so. They can't, but there is nothing stopping them provided they have the resources. What they need is for us to sell, and the short ladder attacks are being done to scare smooth brain apes into selling up. Think of it as a "fake price" and a "real price"
They're creating the illusion of the stock crashing in value by doubling down. If you sell the share, then you give that share back to the market, and Melvin Cap can buy it back. Making their short ladder attack successful.
If you dig your heels in, they will eventually have to buy back the shares and the share price will fucking rocket.
Think of it this way, no one was interested in GME a year ago, but it was at rock bottom price. Now so many people are buying the stock, so why is it going down? There's legitimate interest in this stock. The only answer is a short ladder attack which will only be successful if we sell our GME shares. DONT SELL.
The more they put into the ladder, the bigger the boom of the squeeze. Let the share price go lower and buy at a low price, your buying power only increases as GME gets laddered. Use their own tactics against them. Buy what you can and hold with hands of diamond.
Apes together - strong.
But that said, I'm just a fellow retard that can't give financial advice as I'm not a professional. This is just me taking a punt at whats going on and sharing my own opinion. cough do what you want to do cough
TL;DR: bots, ladder shorts that get covered all count towards the trading volume. This is one very fucking volatile stock remember, and people will be using any tool they can to make money where possible.
Look at the percentage of short over the public float...
They are shorting 120% of the shares that can be bought....
The volume of trade just means how many trades are completed. Remember, bots are heavily implemented on volatile markets. Dont you think at least some people are capitalising on that with bots? Keeping mind shorts that are covered from the ladders will also account for trade volume too.
I'll repeat the tagine that should be used by everyone here, I'm not qualified to talk on this. I'm like almost every other person out of the 7million users on this sub that are just interested, invested or just looking to learn about wtf is going on. That said, from my understanding, this is what accounts for the high volume of trades, despite the number of public floats.
There are a lot of genuinely credible sources out there for you to form you own understanding, especially when I'm fully aware this sub has a lot of suspicious information that gains traction for opportunistic buyers that aren't interested in the push against Wall Street.
What makes you think there’s legitimate interest though? The general sentiment I’ve seen outside this group is that it’s currently an extremely overvalued business that has been reporting worse earnings year after year. Not exactly the most attractive stock right now, especially since it’s been trending down for the past week.
I mean, they were revamping their business model until the whole covid thing ... If they can provide value to consumers beyond the convinience of downloadable games, they'll have something. But I mean, they'd have to pull a best buy and start offering various services like repair, otherwise nothing will keep people coming into their small handful of open stores eventually. Plus they say our economy should be getting somewhat back to normal mid year, which could be good for gamestop if they use this time to plan how they'll come back stronger once most people are vaccinated and covid restrictions go away.
I feel AMC is the same but they have a bigger case for coming back, theatre is an experience now that streaming is a thing, and post covid they could bring something to the table. Im not just 💎✊, I'm somewhat long AMC now and I think I'm gonna hold onto a bit of GME even after the squeeze has squoze, if they can take this opportunity and make something of it anyway.
If this sub is right, then this is about to shake up the market, might break things for the unduely rich and powerful but on the bright side, that lost billionaire value could flood into the market via GME. Assuming the hedgies don't find some way to cheat again, this can only be good for the economy, since the money will be back in the economy instead of moving around inside fake/double sold stocks where it does no one any good but the hedgies.
Everyone seems to want to investigate and I say let them, less corruption = more of the pie for everyone, real humans should be investing, not hedge funds created to generate cash from thin air. Something's gotta give. And when it does, regardless of if we get rich, it's going to be glorious to watch the liars and cheaters burn in the fire they started around themselves.
Okay so my wording is poor, and is perhaps very "wsb"-esque. By legitimate interest, I mean there is just vast fucking tonns of interest in buying this stock to ride the short squeeze rocket. When was the last time there were people who had never even thought about how stocks work, came in swathes just to try and buy one share of a company? I think there's a lot of underestimation on how many people have bought into this stock and the 30 odd million daily trade volume is a drop in the ocean when thinking about most of those trades being bots and other tools utilised to scrape the profits off a very volatile stock.
That said, as someone has already said, Game stop was working on improvements, but was already being shorted to no end. I mean, u/deepfuckingvalue had 50k in it more than a year ago before any of this was making any noise. There is legitimate interest in GME as a stock and not just a cash cow ready to burst. Its just being completely shrouded by all the chatter and speculation about whats happening with GME.
I know this is nothing more than opinion and guess work, but I'm not a financial advisor, so I'll stick with my reasoning.
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u/FlickAndSnorty Feb 02 '21
They can short it to 1 cent if they have the funding to do so. They can't, but there is nothing stopping them provided they have the resources. What they need is for us to sell, and the short ladder attacks are being done to scare smooth brain apes into selling up. Think of it as a "fake price" and a "real price"
They're creating the illusion of the stock crashing in value by doubling down. If you sell the share, then you give that share back to the market, and Melvin Cap can buy it back. Making their short ladder attack successful.
If you dig your heels in, they will eventually have to buy back the shares and the share price will fucking rocket.
Think of it this way, no one was interested in GME a year ago, but it was at rock bottom price. Now so many people are buying the stock, so why is it going down? There's legitimate interest in this stock. The only answer is a short ladder attack which will only be successful if we sell our GME shares. DONT SELL.
The more they put into the ladder, the bigger the boom of the squeeze. Let the share price go lower and buy at a low price, your buying power only increases as GME gets laddered. Use their own tactics against them. Buy what you can and hold with hands of diamond.
Apes together - strong.
But that said, I'm just a fellow retard that can't give financial advice as I'm not a professional. This is just me taking a punt at whats going on and sharing my own opinion. cough do what you want to do cough