Quote:
Originally Posted by lamboguy
here's how the big guys got nailed. they borrow the shares to short, then they re-lend the same shares to someone else that shorts, then they do it again. the combined total is 141% of the float that is short.
the people we think are the dopes see this and figure out how to nail them to a cross because they are usually the ones that bend over and take it up the rear end. this time they got them and they aren't letting go right now. this probably has some more to play out before it comes to an end. those short shares are going to be called back and there will be some capitulation at the end.
the good part is that Game Stop has been able to pay their loans off and won't go out of business now. the stock was really worth nothing a few weeks ago, now it has some value to it. and the one thing for sure that will happen now is that there will be more regulation of the shares that get loaned out to short. its also going to make it a lot tougher to short, which might turn the markets at some time less of a casino atmosphere.
the only reason that i haven't got involved in this one is because i don't have any knowledge of the time frames involved in it, i suspect something will come off on Friday, options expirations day.
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if 141% of float short is true, besides traders some brokerages will be going under. check out this thread, the guy made over $33 million today on GME.
https://www.reddit.com/r/wallstreetb...ss_i_need_102/
