Listen up retards: it is mathematically impossible for shorts to be covered by now. If it was possible to cover like that do you think short squeezes would EVER happen?
It’s simple. Let’s use the worst possible numbers here.
Jan 15 226% of the 51 million floating shares were shorted. 51 million x 2.26 = 115.26 million shares. Let’s say they shorted the shares at $5. They borrowed at least 576 million dollars worth of stock to do that. Over half a billion just to set up this short.
Now people are saying they covered by shorting at 300, 400, 500. Ok, let’s say they covered at 300. You’re telling me Melvin was able to come up with 300 x 115.26 = 34.5 billion dollars loan to cover their massive fuck up? Even if they covered HALF the shorts at 100 per share we’re still talking about 5.75 BILLION US DOLLARS JUST TO COVER THEIR ORIGINAL FUCK UP and they would’ve had to fabricate THREE TIMES as many FAKE shares as they did in the first place. Remember 226% short over float? It would have to be 452% now to cover.
Hold your fucking shares.
Edit: I am not a financial advisor and this post does not constitute financial advice. I used my cell phone calculator to do this math.
Edit 2: I know I shouldn’t be surprised you retards don’t understand simple math but let me try to explain this to you: if I short a stock at $5 and it goes to $100, I owe $95 to the lender. If I short again at $100 and it drops to $5, I made $95. My net gain is a big fat fucking ZERO. If I short again at $100 and it goes to $50 my net is 50-95= -$45 Not to mention the interest rate on that short position, which if I’m getting for less than inflation means the lender is paying me to borrow money.
Please get your head out of your ass. if it were possible to cover a short squeeze then a short squeeze would never ever happen. The reason short squeezes happen is BECAUSE THEY CANT COVER.
(Copied from WSB)
Also copied this sick ass novel of a comment:
Good lord, just imagine the feeling when this is pulled off. I know there is a crazy bot presence limiting our ability to steer the ship somewhat and wasting our time with ridiculous replies, but just imagine the feeling if the buying and holding continues and the squeeze actually happens.
All the bots and dickwads that screamed at you to sell your shares, the talking heads and article writers who take a check and say whatever you want them to like "buy silver" or "THE SHORT SELLERS HAVE CLOSED THEIR POSITIONS", you get to laugh in their fucking faces and finally learn what an exit strategy is as you collect your gains.
People that told you to sell at 40, 75, 150, 300, 400, 513 get proven wrong. Do you even remember how you felt when they tried to call you an idiot at these lower prices? No, you moved on and the gains outlived the bitches. This situation is far too similar to those in my eyes. I want to live in that happy ending Robinhood said I couldn't have.
They dropped the price to force you out; don't give them that. They are betting on human emotion to be exploitable. Do you want to be the guy in the movie who gets out because he fell for stock price manipulation - and by the way, turning off the buy button is manipulation - or do you want to be the guy who said FUCK THAT, I believe in the TRUTH that DFV saw many months ago. We bought this shit because of the short squeeze and I'm not getting out until I get one.
We have so many fucking people here that I know we can do it. For once in our lives let's make the bastards suffer for their attempt to profit off of the destruction of a company. Logic dictates that if you believe in the short squeeze and want to bet that it will occur, you will buy shares. That is true at $0.69 and $690.
That would probably be the biggest payoff emotionally and literally in the history of my life and for many of us here. If you are like me, you believe in that today just as much as you did when you bought in, weeks or months ago. If it happens, unreal amounts of upside. If it doesn't, well you can get off the train and you may lose the money you should've been ok with losing in the first place. To have faced massive gains and said, no, I want the rich to suffer and to witness firsthand the amazing demand and attention we have had.... No, I won't give up. Not when AMC and GME have been following the same trend since Thursday. We can wait this out. Be the person that made it through the ringer and came out stronger and with a better understanding of oneself.
People saw consistent gains as the demand continued until Vlad impaled them like a little fucking bitch. Pulling the rug out is meant to trigger sales and quick, emotional reaction. Even the rise was intentional as it shakes people off the stock - it gives the appearance that it's over or somehow less likely that the squeeze is coming WHICH WAS THE ENTIRE POINT. This is a volatile market. Extreme low or extreme high, the squeeze in my opinion is quite likely. There's a reason shorting more shares than exist is such a ridiculous idea. They have made moves to quell the need to cover and buy shares. That was a given. This is a war, and if you didn't expect the rich to fight back then you are oblivious. I have not been thwarted and I want my fucking tendies whether it's tomorrow or months from now.
If I have to hold and see an amazing business come up from gamestop in the long term, then okay. My plan was always to buy back in after a squeeze. For me, this was investment money and at my average price I'm happy seeing this company be turned around by fantastic leadership. After all, I bought because I believed in the short squeeze and in the power to make gamestop a profitable, relevant e-commerce platform in a world where gaming continues to grow seemingly nonstop.
They let natural demand escalate the price instead of suppressing it after it got out of hand and then changed the rules for maximum loss in a short period of time. All this expensive and illegal manipulation wouldn't be necessary if there wasn't legitimacy behind the idea. The stock was so, so low a month ago. These have been crazy times with ridiculous rates of change. But keep your head on straight and maintain positive mental well being. On top of that, keep living your life through this. Many people became obsessed because they had so much to gain and they want this deep pain to affect you and make you sell. That doesn't change the regret you could feel if a short squeeze were to take place in the near term. They want people to forget the point and drop out. After all this.... Fuck that!
To reiterate - you can call the short squeeze a fantasy or you can call me a retard for not selling earlier. I don't give a fuck. Even if the people (if there are any) bitching at others to sell in order to gain a friend to commiserate with (good luck with that!) continue to spout bullshit, it does not change the massive short position that got us into this whole insane mess.
I just hope we are able to make some progress in the right direction before too long so that people realize the current stock price does not determine the short squeeze intensity or chance.
I'm choosing to live in a world where the short squeeze is still pending and I haven't given up. If you disagree, great. Point me to anything that you think will actually convince me that they've covered. Every comment I've gotten has failed at that, with most just being condescending and rude. Of course they kick the fucking can down the road. This shit isn't over, my fellow apes.
Exercise that patience, conviction and positive energy.
If you read this, I think you're good. You're actually getting people's (not bots) opinions and going from there. That's what got me to buy into gamestop!
If you're going to survive a volatile price situation, you must have conviction in your decision. This is true of all but the most boring of investments. Sitting there and going to the absolute peak last week and saying "I should've sold" is exactly what they want. Be realistic. What would have tipped you off that it was the end before it was, ie. who saw this coming? Were people in here earlier screaming from the rooftops that you better sell? No, they were on the hype train and flip flopped. You know who didn't? Us apes with 💎👐. I'm choosing to think about the regret anyone not into gamestop by now will feel if the squeeze cometh, particularly these little Melvin bitch bots and other people looking to drag the community down.
You know what I want to see? The top-tier humor, memes and unique atmosphere that kept me in this sub for the last few weeks. I look forward to passing the time until we're in valhalla taking tendies off of a hooker's right ass cheek and dipping it into honey mussie on the left.
Seriously, who the fuck knows what was about to happen to the stock price before they destroyed the momentum. It could've been the smartest and ballsiest decision for those with massive balls to hold through that, and I am personally proud of those who stayed in it for the squeeze and not to fuck others over. That being said, we are more powerful than ever and up or down for the day or the week you gotta be ready for the ride. Buying shares or not, people are rooting for us out there.
🚀
Since this apparently needs reiterating:
I like the stock.
Sincerely, Chad
I think the HF will keep this up until 3rd week in March. I dont know why I think this. I think March 21. I think they will be out of choices. And if everything gets called in the short shorts will get discovered. There is too much for them to hide. I believe they are selling other assets to cover this mess. That is why my TSLA dropped. They will be in a corner where they will have to pay or possible go to jail. I believe they will pay. I believe in rebuilding this company. I believe Elon may do a streaming deal for the Cyber Truck. etc..I like the stock. I am at a loss now but dollar cost averaging down, We need 100% of the stock in retail hands....derp
Remember, an unrealized loss turns into a realized loss only if you sell and hedge funds can settle shorts only if they can buy real shares... this is not financial advice 🦍💎🙌
There's also the possibility that they've borrowed to cover this loss, which is just kicking the can down the road. I forget who said it, but somebody who's smarter on this stuff than me (which isn't a high bar to set) suggested that the next squeeze will be coming in April.
I was thinking March 21 I dont know why. The HF are waiting us out in a glorious Mexican standoff.. Lets watch the volume. And for now I am still buying it. They wont be able to take it to ZERO because the HF wont have enough stock to manipulate if we keep holding
💎🙌
Remember too, The Love of Money is the Root of All Evil. These hedgies are pure evil. Let’s slay some demons. Make them cry. They think they can trick us but we see them for who they are!
It's the root of all kinds of evil, not all evil, but a good point nonetheless. These people are sick.
nice essay faggot. i didnt even read it. only word i recognized was hodl. i dont even know how to type on the net, my financial adviser is writing this for me and forgive his typos, that nigga has downs.
didnt melvin declare billions in losses?
seems they had to have covered their silly shorts at 10 or less
my guess is that new players shorted at 250+ so there wont be any squeezing unless the price can get pushed way past 250
According to Wikipedia, Melvin has $8billion in assets. If they don’t have the $$$ to buy back the shorts, then what happens? Yes, they go bankrupt, but they still have shorts- who is responsible for those? Etrade? Robinhood? This is all new to me, sorry
No one. The corrupt govt will bail them out with your tax dollars.
Look the $1.something trillion covid relief fund and find there that money, $50 billions in almost $2 trillions are easy to hide.
I bought more shares this am to dollar cost average down. ..can I have a Large fries no salt and a Frosty? derp. is this wendys?
copied and saved. I believe this 100% look at the sideways trading. weird volume. And the fact that we gobble all the share s up, I also believe that Cohen and Elon may team up at some point for streaming games in your TESLA my ESLA.
This is the way
They do not need to cover. They are above the law. Laws.do not apply any more. When will you comprehend that?
If laws don't apply, remove your own down votes, ho!