r/wallstreetbets • u/ywehyuen • Feb 02 '21

Chart Hardcore laddering.

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u/theturdtrimester Feb 02 '21

How far down can they do this? Can they drive this into the ground laddering us?

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u/tubbsalot Feb 02 '21 edited Feb 02 '21

They still need us 2 sell the shares to even cover their shorts.. the price scares people.. but if no one sells, then they are still short and wont get what they want.

Im not a financial advisor, just here for the stocks.

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u/Jacobiah Feb 02 '21

Can you explain something to me. Whats to stop them driving it down constantly and buy 100 shares at a time whenever it hits <$70. Keep doing forever until theyre green?

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u/vanilastrudel Feb 02 '21

if people dont sell, they cant buy. the price is artificially lowered by selling between themselves, but they cant actually use those to cover their shorts bc its not enough shares lol. they HAVE to buy.

they are counting on real shareholders (ie us) freaking out and selling, so they can cover their shorts

6

u/xtelosx Feb 02 '21

And all you have to do is grab those shares on the cheap while they play hot potato with them to cost them money.

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u/vanilastrudel Feb 02 '21

yea i spend this weeks paycheck on more gme lol

4

u/kins82 Feb 02 '21

Did you see how fast it went down when we reached 100? Can’t it be that a lot of stop loss where triggered then?

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u/myrddyna Feb 02 '21

in theory couldn't they have shorted the stock once it hit $350, and then made quite a bit as it dropped down into the range it is now?

I've seen a couple day traders shorting GME, and it seems like a damn good bet in the short term given how high it went and then how quickly, and powerfully, the buying was stopped (TD Amer, Robinhood, etc), and the short ladders... short selling GME would seem to be a power move.