think they ever ask hedge funds why they short 130%+ of shares outstanding with most of their positions being naked shorts?? (which is illegal. that is, illegal for me and you)

the correct answer to that question is yes i think its a good stonk. there literally is no other reason why you would buy an asset other than I think its a good asset

This post was edited by excellence on Jan 30 2021 01:54pm

Factually incorrect

GameStop wasn’t really in danger of going bankrupt even before this , compared to blockbuster and AMC.

Closing stores doesn’t mean you’re going bankrupt

I did not say that Gamestop was at risk of immediately going bankrupt. I said that it is a business model in terminal decline.



No one "has it out" for Gamestop. It is being shorted because it is a primarily brick and mortar retailer selling products that are increasingly digital.

It’s made strong moves to go digital for the last 8 months homie

Citron and Melvin did. They were attempting to short the company so much that it was impossible to raise capital. That's why their share went down to $4. They weren't a bankruptcy risk so there's no reason to discount the shares so heavily.

Again, they're getting punished for shorting 150%. Not because they were shorting. If they hadn't tried to manipulate the market by shorting more shares than exist they wouldn't be getting punished right now.



You know what impacts credit rating? Inability to raise capital by issuing shares. Which is directly affected by shorting.

This post was edited by Thor123422 on Jan 30 2021 09:07pm

I wonder what her religious and cultural background is

“Swamp demon paid lots by hedge fund, proclaims neutrality when it comes to regulations and applications of law” is a common theme in the American Govt establishment

I'm not defending the position which Melvin took, I'm merely saying that they, and other shorts, don't have some particular malice towards GameStop. They're just confident the share price is going to decline.

And that's fair. We are not against the fact that shorting exists, or we shouldn't be.

The election happened the same way as the gamestop phenomenon.

The elites literally STOPPED THE COUNTING when the elites start losing.

I mean, they were right to short GME before they took significant steps to increase their online presence. It's really the SEC's fault for allowing a stock to get shorted by 150%. This is firmly in their ballpark.



but.... they didn't stop the counting during the election. They kept going and that's why Biden won.

This post was edited by Thor123422 on Jan 30 2021 10:41pm