why do yall think its tanking so fast? think it has anything to do with the new CEO announcement?
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stonktrader25 : No think about dude we had a pretty decent earnings what do you thinks going on hedge funds are shorting the hell out of it.
Hodlers Scorn : lol they got the dump trucks out everywhere.
DCFDTL : they always short on good news, you must be new here
just buy the dips
DipKing : Issuing 5million new shares
krezzOP DCFDTL: I am new x) all the help is much appreciated
krezzOP DipKing: wouldn't something like that significantly help the HF? does that give them the chance to cover 5mil shares? thank you for the help :)
Controlz : Hedgies do that every couple hours.
Exponential Risk krezzOP: Hedge funds buying would drive the per share price up, causing their other uncovered shares to be more expensive. Since as a group, they shorted more shares than existed at the time by almost 1.5x, it won't help them much. And that is if all those shares get to the hedge funds to cover their shorts AND synthetic shares and not into retail or adversarial (counterplaying the short sellers) institutional hands. Same problem with buying calls on gme, the cost of the option and duration makes it cost them more than it's worth, no matter how high the price goes, it won't offset the cost of the original short around 3 dollars and the nearly year of interest payments made on it compounding daily AND the gap between the short and the premium paid for the call option.
tldr: dug a grave so deep they hit magma.
MisterJ420 Exponential Risk: Well spoken!
krezzOP Exponential Risk: I'm still kinda new to investment lingo, but I think I mostly get what you're saying :) thank you for helping me understand :)