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Looks like this year is reverse squeeze

$GameStop (GME.US)$ Gme reverse squeezing retail investors
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  • Rusty Shackleford 1 : Why don't you post your portfolio so we know your not a bot

  • 10baggerbamm Rusty Shackleford 1 : you understand that by the company selling $75 million shares they didn't sell it to the retail marketplace this was placed privately and more than likely to somebody who was short that gives him the ability to cover. that's why there's not going to be any gamma squeeze because the short positions are nothing like what it was 3 years ago.

  • playgamesbandit 10baggerbamm : I call bluff
    ..we would've sold out of shares.

  • 10baggerbamm playgamesbandit : your statement makes no sense bluff you act as if there's a finite amount of stock there's an infinite amount of stock and it's supplied demand driven and now the X Factor of this gamma squeeze that everybody is blowing their load on overnight jerking off with a tissues beside their bedside it's not happening because the stock issue today covers 100% of all shorts covers roaring Kitty going online today and saying I'm going to be exercising my options he doesn't have the money to do it he can only do half he would have to sell 50% of his open contracts to have the money for good funds on Monday to exercise the balance to have 6 million shares in his account Monday morning on top of the $5 million that you already owns and that's because there's no margin on this account because it's a designated security. so sorry to disappoint there's no gamma squeeze coming it will go back up today it may go to 50 or 60 again it's not going to 100 200 300 400 it's not happening because the company fuck you by issuing that stock thank you Ryan Cohen

  • Maniac Fool : Gamma squeeze?

  • Maniac Fool 10baggerbamm : I wonder who they sell them to? Roaring kitten? 😂

  • 10baggerbamm Maniac Fool : he doesn't have the money in his account to convert 12 million shares that's what is options control the equivalent of 12 million shares so clearly if he doesn't have cash to convert 12 million shares he doesn't have cash for 75 million shares. furthermore he would have to register with the SEC prior to purchase of that because he now would be over 5%. so while it's a nice idea he buys it he doesn't have the money he would be out of compliance if he did because he didn't file as a 5% shareholder at that point and again there will not be any type of gamma squeeze because the company just covered 100% of all shorts whoever was the hedge fund that was potentially at risk bought the bulk if not all of the 75 million shares to eliminate any need to go into the open market to cover.

  • Maniac Fool 10baggerbamm : Well said 👍

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