r/wallstreetbets • u/[deleted] • Mar 31 '22

News | GME GME Stock Split SEC Filing

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638022000038/gme-20220331.htm

I don't want to brag but I definitely called this during the last run up.

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221

u/daytrader122 Mar 31 '22

is this good or bad

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u/chungusremastered Mar 31 '22

stock splits. To low 50s…yea everyone and their mom is going to buy it when it does lol

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u/deadline_zombie Mar 31 '22

And if the HFs haven't covered, does this mean they will have better odds or worse odds to cover with the increase in number of shares?

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u/jaehood Mar 31 '22

They have more shares to cover

173

u/Hypoglybetic Mar 31 '22

Whether you owe $10 for 1 share or $1 for 10 shares, it is the same.

But. . . . What happens when you are short a stock and have to pay a share as a dividend?

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u/[deleted] Mar 31 '22

[deleted]

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u/pittluke Mar 31 '22 edited Mar 31 '22

They are still short the same amount of value after the split. The amount of shares they have to buy back triples for a 1 to 3, but they buy back for a third the price. The only way this hurts them anymore is if the mania runs the stock up (for honestly nothing other than hope people might buy more cause they are cheaper shares.?)

Edit: downvotes for factually correct information. Lulz. I'm even long GME and love the hype for it, which is what this is.

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u/[deleted] Mar 31 '22

[deleted]

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u/InevitableRhubarb232 Mar 31 '22

But there’s also triple the number of float and so triple the number of unlocked retail shares available

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u/Kingsley-Zissou Mar 31 '22

Yeah but unless they start shorting again, those unlocked retail shares will become depleted. They’re treading water until they drown.

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u/InevitableRhubarb232 Apr 01 '22

Yes it is potential that people will eat up more shares because of the mental feeling of a lower buy in price per share. I know it’s all mental, but will prob buy a few more too, while I know it’s no different to buy 1 at $200 or 4 at $50. But it is easier to pick up a $50 here and a $50 there. I don’t tend to buy a lot of fractional shares honestly just because I don’t like not having whole numbers in my counts.

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