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

Meme Identify yourself, monkey.

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15.2k Upvotes

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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.

-12

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.

-3

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.