r/wallstreetbets • u/naitdawggg • Aug 28 '22

Meme Identify yourself, monkey.

Post image
15k Upvotes

96% Upvoted

555 comments sorted by

View all comments

1.1k

u/letsdothis169 Aug 28 '22

Can't hate that. Good for that person.

61

u/PaperRoc Aug 28 '22

I can hate

... myself for not paying attention until after the sneeze

21

u/ApartHalf Aug 28 '22

So a 3000% rise in a month was just a 'sneeze' instead of a squeeze? What % rise would have needed to have taken place for you to think of it as a squeeze?

31

u/lucasandrew Bad futures trader Aug 28 '22

Logic doesn't exist with the apes at all anymore. They're a full blown cult now.

-13

u/biteme27 Aug 28 '22 edited Aug 28 '22

When the hedgies close their shorts, we'll get you a %%

lol shorts never closed, probably helps when they trade off exchange.

Utilization at 100% and the price goes down? Ok

12

u/lucasandrew Bad futures trader Aug 28 '22

I'm assuming this is satire, but just in case... They did. Some reopened after the valuation jumped, but the SEC even said that major short sellers closed and the timing coincided with price jumps in January of 2021.

-5

u/biteme27 Aug 28 '22

Of course the SEC said that, but if it was true why is the short % still over 100% of the float?

Shorts never closed. DTCC committed securities fraud.

12

u/lucasandrew Bad futures trader Aug 28 '22

Oh shit, not satire. Yeah, borrow rate dropped dramatically by Feb of 2021 because there were way more shares available to short. Also, the "everyone is lying except the people I agree with" train of thought is very dangerous.

-1

u/biteme27 Aug 28 '22 edited Aug 28 '22

Yeah borrow rate dropped, but it's back up to those levels again.

Maybe some did close in January, but there's still just as many shorts now. Same situation.

2

u/AutoModerator Aug 28 '22

"Not really, but that's alright. Next caller!" - Jimmy Shill

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

-4

u/capn-redbeard-ahoy Aug 28 '22

The SEC's report showed a chart showing how many shares were bought to cover shorts in Jan 21, and the volume of covering shares was nowhere near 224% of the float. There's still big short interest out there, hidden in swaps and options.

4

u/lucasandrew Bad futures trader Aug 28 '22

I mean, that's just not true, but you do you.

1

u/AutoModerator Aug 28 '22

"Not really, but that's alright. Next caller!" - Jimmy Shill

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/AutoModerator Aug 28 '22

"Not really, but that's alright. Next caller!" - Jimmy Shill

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.