The FTSE

[CBD]

It's a short ladder attack. The HF's will do whatever they can do minimise their losses and that includes colluding with brokers etc to stop people buying. The short squeeze this week is inevitable as the stock is still shorted over 100%.

Will be back up to 400 dollars in no time.

I have about 15 k invested. Not worried whatsoever.

Of course only invest what you can afford to write off though.

Out of interest where do you get the info on the quantity of the short interest?

 

[Uptop]

It seems the are openly manipulating things because they are haemorrhaging literally billions of dollars currently and having to pull money from other investments to fund this, they know even if they get in trouble any penalty or fine will almost certainly be tiny compared to what they are losing right now or stand to lose.

The thing is, people seem to be aware what they are trying and if they simply hold and dont panic the price will rise again. (I dont understand how it works but this is what I read).

 

[ChicagoBlue]

The short squeeze on GME will make the VW one look insignificant. You got out way too low.

Does that mean you‘re not waving willies any more?

I can only speak for myself, but as I mentioned, it’s well below freezing with about 20 inches of snow on the ground, so if I got it out at this point it’d be embarrassing!

 

[MillsyTheMosher]

It seems the are openly manipulating things because they are haemorrhaging literally billions of dollars currently and having to pull money from other investments to fund this, they know even if they get in trouble any penalty or fine will almost certainly be tiny compared to what they are losing right now or stand to lose.

The thing is, people seem to be aware what they are trying and if they simply hold and dont panic the price will rise again. (I dont understand how it works but this is what I read).

Correct

 

[SWP's back]

From one trying account I’m with:

“

From today, we will only be able to facilitate the selling of GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) stocks for the time being. Unfortunately, our broker-dealer in the US, DriveWealth, can no longer offer Buys on these stocks due to increased capital requirements set by the Depository Trust Company (DTC) in the US. What does this mean for me?​ You can only sell out your existing holdings in these stocks. Any outstanding buy orders on these two symbols made after Monday’s (1 February) close will automatically be cancelled prior to market open on February 2 2021. None of our other stocks are affected at this time and are available to trade as normal. For customers with no holdings in these 2 stocks, neither GME, nor AMC will appear when searched. This is a standard practice when a position moves to sell only, as we don't want to show you stocks you’re not able to buy at that time. As soon as they become available to buy again, you’ll be able to see them in the app.​

Why is this happening?​ When a stock is traded, it takes two days for the proceeds to go from the broker to the clearing house. This is known as T+2 settlement. Within this time, the clearing house requires the broker to front cash or capital guarantees to ensure funds are available through the settlement process. The required amount of capital is usually around 10-15% of the value of a security’s holdings on broker’s books. However, this percentage can vary based on stock volatility. In the case of GME and AMC, the DTC has enforced an increase of capital requirements by 250% upon DriveWealth’s clearing partners. This increase means that DriveWealth is now obligated to restrict trading in GME and AMC, as each stock has its own capital requirement rather than a broker wide requirement.”​

 

[ChicagoBlue]

If only multi-billion dollar short sellers could cover on the way up, but get back in again at the much higher levels while SOME brokerages restrict buying.

What would happen then?

Bwahhhaaaahhhaaahhhaaa

 

[zerox]

Mark Cuban just done a AMA on wsb,20000 comments in 2 hours

 

[MCFCinUSA]

For the record, not investment advice, but anyone buying GME at this point should expect to lose most of it. If you want to mess around trying to flip some, go for it, but this will be back to where it started before not that long.

^^^^^ sound judgment..

.. the stock has bugger-all intrinsic value at these prices, and as mentioned earlier in this thread is being bought on a 'greater fool theory' - that is all, and that is it - everything you need to know right there.

there is a false narrative being peddled by most of the populist financial media, but I expect the real story will come out eventually, along with the real villains (who aren't Villa supporters) because it's a ripping good yarn; MGM have already optioned the film and one of the guys from 'The Social Network' is behind it.

the 'little guy' is up against it here, and if high-frequency firms aren't slinging this name (GME) buying this garbage at these prices is like trying to play baseball in a hurricane.

 

[SWP's back]

the stock has bugger-all intrinsic value at these prices, and as mentioned earlier in this thread is being bought on a 'greater fool theory' - that is all, and that is it - everything you need to know right there.

But that’s wrong and had all the platforms allowed people to purchase the stock then it’s likely the price would have continued to rise. Only allowing the stock to be sold caused exactly what one would expect, a panicked exodus.

Greater fool theory doesn’t come into it when a stock is shorted to 140% of available float (which in reality is about 400% of available float as most of the stock is not obtainable anyway on the market). I have told you this before.

 

[MCFCinUSA]

Out of interest where do you get the info on the quantity of the short interest?

short interest info is delayed, and only periodically published; you can't trade it in real time it comes after-the-fact, especially in a name like GME that's been moving so quickly.

- if you happen to be Citadel then you 'are' the market and you can see order flows in real time.. (and Citadel et al are probably one of the real crooks with a lot of this - if you want to point fingers, but mostly for front-running and doing other nefarious things that shouldn't be so concentrated)

.. most of the guys on the hook deleveraged already, along with a lot of other shorts (& in other names) who saw the surge and had their risk management team tap them on the shoulder - which all happened last week.

does this look like a bullish chart to anyone? (below)

- do you in your right mind want to buy this??