The GameStop Rally Explained - Why It's Likely Not What It Seems
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- Опубліковано 8 тра 2024
- I do not have a long or short position on GME.
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This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.
Louis Rossman put it like this, "A lot of people aren't valuing GME's financials, or earnings, or the like. They are valuing GME based off how much it will make billionaires cry."
Because they have their dicks in the jar..
But if it makes us money does it matter? Lol
It's worth the money to see it.
And what? Cry about it lol
All those people will cry too.
My favorite war cry from GME gang is “We can stay retarded longer than you can remain solvent”
Long Gamma has become a smart play fueled by dumb money. 100 Duck-Sized horses have held their own pretty well.
Golden!
lmao
The 100 Duck Sized horses have now got some whales on their side too!
Fun fact in simulations 100 duck sized horses usually win
if we hold our shares for 3-4 months, are the short sellers going to bleed in margin interest. Because only Black Rock will probably sell them the shares but they only have like 12-13% and if they sell them there are going to be heafty premiums for them and for our portfolio.
My brain is too smooth to understand what you just said. I only understand GME 🚀🚀🚀!
What's GME?
@@CeaSeMusic1 GAMESTONK!!!! 😂
To the MOOON ✈️🚀🛫🛰
Damn right!
Hes said 🚀🚀🚀 🚀
🚀🚀🚀🚀🚀
Wall street bets:
“It’s not about the money, it’s about sending a message.”
No. It’s about the memes. That being said; IM ALL IN! DIAMOND HANDS TIL 5K 💎🙌
@@SuppressedVehemence YEAAA BROTHER
Ehh, quite a few people who joined in early definitely got a lot of money. There are people memeing and throwing small(ish) amounts of money as a protest, but it seemed like at least at the start it was about some savvy redditors saw an opportunity and decided to exploit it.
Anyone who goes in the stock market and says it's not about the money is either stupid or pretending to be stupid
So, pray tell, what "message" do you intend to send?
I hear "we're manipulating a small market into s Ponzi scheme, and we hope we don't get arrested."
This event is going down in history folks
I'll see all of you in the history books 😂
This will forever change how we see money.
I'll be reading those books & watching those movies my friend. GME TO THE MOON!!
to the moon baby 🚀🚀🚀
@@HappyThrills GME stock = new bitcoin
See y'all on the moon!
Hedge fund manager: What will it take to get you to sell?
Me: I'd like to retire now.
Me: 5k a share, take it or leave it.
It's not about the money, it's about sending a message" The Joker or someone on wallstreetbets?
Well it is about making money. I dont really care im just in because of the money.
Both
@@maxwulz9283 Many people entered in this rally just to bleed the hedge funds..It started for money but it has a message now.
Watching this thing from the sidelines, I came to the conclusion that greed and rage are two of the most powerful forces ever.
Ahab didn't just want to kill the whale because he thought it was evil made flesh. He also wanted to cut it up and sell it.
@@DHAGSFU i dont care abour hedge funds. I dont care if they Lose money. I care about my money. I dont care about yours. I made a great return with game stop. I Sold my shares.
Friday will be...interesting for my tendies
🚀🚀🚀🚀🚀🚀🚀🚀💎💎💎
I just saw your mushroom recipe and now I see you here lol
We like the stock 📈
Loading up on puts. My speculation is that if a squeeze occurs it won’t be long before everyone tries to flip each other off and run for the exit.
r/WSB is locked now. But we know what to do. APES TOGETHER NOW.
I'll hold it until it reaches 0, and keep it as a souvenir.
Couldn't you just sell at the top and buy again when it's zero?
@@alexc5369 Nobody knows where the top will be though
@@alexc5369 Some people are only buying $GME just to mess with the hedge funds, not the money.
@@alexc5369 "just sell at the top" 10/10 investing strategy
@@motorologist thanks
I'm very happy to find this one donut half donut channel.
One donut half donut?
@@CeaSeMusic1 A bagel is one donut that has been split into two half donuts.
tea or coffee zilla whatever
Half Donut finance is the best
Honestly when this got recommended for an autoplay from a channel I'd never heard of, I thought it was going to be one YT hand-picked to supply the MSM narrative, but I guess not. This guy seems okay for an obvious Leaf.
its not about making the billionaires cry anymore, it is about making them bleed...
I can't stop smiling
🚀🚀🚀🚀🚀🚀🚀🚀
Not gonna happen
Give them nothing,.....and take from them Everything
well, other big hedge funds are still in the game for nothing but to attract the outsiders like me who just know the stock this week.....after the outsiders are done with doubt, or finally give up the common sense, it will be a landslide. So perhaps it's still time to bet because most viewers are still not used to this volcano, still cold feet. As for the small pinch of retailers who actually have religion (1 in 1000 or less?), good luck for them. Emotionally I share their hatred but can't be optimistic.
We like the stock. Also, shorting 138% of existing free float stock should be discouraged in a free market, if not regulated against. 🚀
Since nobody really cares about regulations how about we retail investors collect the fine directly from the funds this time
It’s really illegal. GME to the moon
@@643doubleplay9 shorting is not illegal whatsoever
People noticed that American Airlines was in the same boat today, and their stock has doubled ^_^
IMO it's really showing that it should be legislated against, in some capacity: totally nonsensical to have more shorts than there are shares. And in my book any short-term trading is shady, usually blatant rent-seeking behavior (ie., they get money via producing nothing, therefor whatever they gained they just appropriated from somewhere else), and doubly so since short-selling lowers the value of the stock, hurting the little people.
But I dunno, I don't deal in this shit, and don't have the cash to if I ever wanted to. I'll never have cash because with the state of this country you need cash to get cash.
J Graham stocks seem pretty risky to investin it seems like
6:17
"The same stock can be owned by more than one person..."
Hmmm... Replace "stock" with "money", and it sounds like the good old banking industry, all of a sudden.
tbf banking in the modern day would be completely untenable if not for those policies, and we only significantly regret it when there is a run on the banks which is generally a result of an economic crisis
Fractional reserve banking doesn’t eventually fail because credit generated throughout the process is still currencies that people can use, so people don’t have to take their currency out of bank. However, shorted stocks have to be bought back in a short amount of time. Having more than 100% stock being shorted means that there is an inevitable bank run.
@@ArielSings803 i agree i wasnt defending the shorting of the stocks, i was just noting the fact that fractional banking is a lot more viable and kinda necessary for modern day banking systems
What's even funnier: A single person could own the same stock several times if they were to borrow it to someone who sold it off and then buy it.
It's also potentially illegal from what I have heard.
@Vilfredo Pareto but they borrow and sell the stock. So A has a stock, B borrows it and sells it to C. In some sense A "owns" the stock but C also owns the stock. Obviously A doesn't have it right now but shorting if often done behind the scenes by the broker, so A might not be fully aware that the stock is out and borrowed.
Obviously only one entity actually has the stock at any given time... But it can get very confusing
Interesting how Wallstreet hates this and sees this as wrong yet uses "Dark pools" to mask their buys/sells but that's ok....right?
Cry
Facts
Also naked shorts. Someone (maybe multiple holders) that is holding shorts currently entered that position without the underlying stock to back it. That is 100% illegal.
@@jjlol262 Who's crying? I made cheddar these past 2 days lol
@@stupidmonkey151 But if your wearing shorts your not naked?
This is the best thing to happen to r/WallStreetBets since the pre split Tesla rally.
What you aren't doing gourds?
we need a $BB split soon
@@Black00200 tesla gained 1000% thats what happen
It's the worst thing, wsb is dead after this.
Just look at the invasion of bots
@@FzudemB dude just wait for the inevitable crash, because it WILL crash. So many people will make a lot of money and so many people will lose a lot of money. These new investors dont know what they are getting into.
maybe gamestop can now afford to give me more than 5 dollars for "trading in" a ps5
That's it ? I've gotten $20 trading an N64 game.
@@TheHenryDuong you can go on the GameStop website and look up trade in values. Currently GameStop is accepting $200 for a ps5 witch it absurd
@@Strive6863 200 bucks on a ps5?!?! Gad Gaym I hate gamestop... but I like that stonk
@@TheHenryDuong When? In 1999?
@@jimmyhirr5773 nah my bad it wasn't a GameStop lol , it was a local video game store
*Never underestimate the ability of stupid people in large number*
Goonswarm baby
Apes together strong
yep, I mean, look at communists
Yes baby, yes
@@user-pd9ju5dk5s Ah yes, communism, aka "a bunch of stupid people". I see you are a true scholar and pragmatic, level-headed thinker.
I feel like no one in the comments actually watched the video? He explained that effectively while influencing this big rally wsb is hurting hedgefunds, theres very likely a large amount of institutional profit coming out of this. I feel like this means in essence while wsb is hurtin some billionaires, theyre net helping billionaires as whole and I think that's pretty funny. Billionaires always come out on top
Yes, it seems like most of the commenters didn't watch the whole video, or at least didn't get it. A lot of institutions are benefiting from the rally.
@Luke Morgan salty because of pump and dump scheme? duh
This comment section is a pretty amusing read. The message is so lost
There's just 2000 billionaires and they aren't all American or sitting around trading stocks.
Melvin Capital can have my shares at $2000.
At $6969, you mean!
Melvin Capital says they're out of GameStop as of today. It isn't clear just who is fighting the Reddit army at this point.
@@Kevin_Street fake news pushed by Melvin as he suffocates . Unbelievable.
Lol that’s it
@@Kevin_Street They say that but is it true?
Thank you. There has never been any time where I was prouder to be a subscriber of this channel. Every major finance UA-camr has had their on take on whats causing this rise, but I always felt like it was unreasonable for retail investors to be able to influence a stock by this much. This has shown me again that you’re different from all those finance UA-camrs who don’t really have a clue of what they’re talking about.
This is one of the most amazing things I have seen in my short investing career
I've seen the WeWork mess
And this is way better
3 months into robinhood called out GameStop on October 22 w/only 2 shares @15.50 for 31$ its at 550+
27 year old german army officer
Bought in today
Salute to you my comrads around the world💂♀️🙃
@Jokolo we REALLY LIKE the stock!
The short sellers sold their position yesterday afternoon. The institutions are out, they lost about 5 billion.
@@duanejackson6718
Sure and you believe what media tell you...
If you look at the fundamentals, still more tgan 100% are shorted currently.
Tell me how this is possible, if institutionals would be out.
Either you are trying to convice retailers to sell or believe in what the public media tell you currently.
@@duanejackson6718 don't believe the hype. The short interest is still huge. Yesterday Melvin Capital said he will not disclose his positions and all of a sudden he does just that? This is as real as the easter bunny
@Jokolo finviz.com does list this for every stock
Short sellers put themselves in an infinite loss position, retail traders are not the crooks here - Wall Street Funds put themselves in this dangerous situation
This.
Ehhh. That’s kind of a dull way to look at it. Most short positions are hedged with calls or another hedge and have stop losses. No one is really a crook in this situation at all.
@@User-rv3oc they are crooks, because what they did was illegal, they shorted 150% of the stocks float. That means they have to buy back more shares than exist to cover their positions.
This scenario is highly risky and carries a chance for infinite loss and was made illegal after the 2008 crisis, because its what caused it
@@dragozero naked shorting didn’t cause the financial crisis, may have been a small factor in certain banks and funds going insolvent but that’s debatable. As for the rest I don’t disagree, but I still don’t think these institutions are the bad guys. Shorting isn’t an inherently evil practice.
@@dragozero if anyone is to blame its the federal reserve and their QE antics which have screwed the little guys for the past 20 years.
I'm glad you're getting exposure through this. Always thought you've done a great job and deserved a bigger audience. Keep it up!
As a person that invests in the Total Stock Market Index. I am eating popcorn enjoying the fireworks.
Kinda beta...
Same. I am 17 years old, and roughly 60% of my portfolio in in either SPY (SP500) or DIA (Dow 30)
What is that?
@@acat9978 index funds hold hundreds or thousands of stocks. So if one or a few stocks within the fund fail it won't affect you much compared to purchasing single stocks.
Why the rest of the market tanked due to this?
thank you a ton for this quick explanation. I answered one of the things I was really confused about which was why Gamestop was skyrocketing but the similar companies people were also talking about weren't going up by nearly as much. It makes sense if all the institutional money is going into gamestop. I'd love to see another video whenever it's clear that whatever this is has ended on what the overall effect was.
I already watched a lot of videos on this topic, all great in their regard. But you nailed this one. You brought soo much extra info to the table and showed both sides of this. Amazing work 👍
Thank you for this explanation, it's a lot clearer and more detailed than most other coverage of this situation
“The bulk of buys are being made by algorithms” so basically you are using their own weapons against them.
Sun Tzu would be proud
It's actually the opposite unfortunately. When he says the bulk buys are made by algorithms, it actually means the algo realised the up trend and decided to get behind it (which is buying/backing the stocks). Hence when the price do go up, big financial institution that uses algo would also benefit greatly from this. So yes maybe some institutions that shorted the stocks lost money on them, but there are also other institutions who got tons of money off this trend. They just simply prefer to let wallstreetbets take the credit because it allows the story of "fighting against hedge funds"
It means Hedge Fund A is being besieged by WSB and Hedge Fund B is going around selling the weapons in exchange for a large share of the spoils. At the end of all this, a large amount of money will pass from Hedge Fund A to Hedge Fund B and a smaller percentage will pass from Hedge Fund A to WSB.
@@CardboardArm well that's prob true, but guessing it the most shorted short it be multiple hedge fun A and I think large amount and some small amount of hedge fund B
Lots of salty people protecting Wall Street today. I'm getting DMs from big mad people.
Hold the line, mine the salt.
What happened?
Once More into the Breach, Bank Run.
This is the only channel I trust for stock market-related advice, guidelines. This channel deserves a lot more love.
How do you feel about the short float being around 139% as of today?
Current % shares short is actually 98%, I mixed up % shares short and % float. Ignore below original comment.
I saw it upped to 250% because Melvin Capital jumped in for more shorted shares after they lied this morning that they exited their positions
@@swirle13 do you have a source for that? Not to be confrontational I wanna do some DD in this wacky time
@@swirle13 Melvin is literally going to pay the interest of his shorts with $ROPE stocks, he’s playing a very dangerous game
@@kevcoverssolos I keep replying with a link but it keeps getting auto removed, website is financhill and then "most heavily shorted stocks today"
@@swirle13 I don't think financhill is a viable source of information AFAIK
i mean ... ive made 50k in the last week, call it a meme call it hype all you want, i call it setting myself up for life
Preach on Dave. Hold out till 1000
HOLD
you havent made shit till you sell. but the upturn is exciting
Congratulations, but I'd encourage you to recognize that it's a risky trade and make sure to get out before it's too late. If you do, this will probably be the best trade of your life. If you don't get out in time, well...
You haven't made anything until you've sold. It could all disappear in moments.
Great breakdown! Such a crazy example of how powerful short squeezes can be!
GME gang checkin in...
My wife's boyfriend told me not post this... But
WE LIKE THE STOCK!
LOL
Next on my watching list: How Master Potters make Ancient Kimchi Pots the traditional way
Mine's how hexagons are the bestagons by cgp grey 😅
I've watched a few commentaries on this subject in the past few days, and this is definitely one of the most sincere. thanks for putting actuality over narrative. you are a teacher!
I am holding this shit until at least the weekend. On Friday I cant wait for the hedge funds that shorted GameStop have to pay up and go bankrupt.
You’ll be broke before the weekend
@@AlexpxThreeTen at least it will make for some awesome loss porn if it crashes
Shorts have no expiry
From reading your first phrase i can immediately infer that you are probably a SEASONED investor
@@callumfisher8101 Yes they do, the interest adds up fast.
This was such a well thought out and informative video (even if you said it wasn't). I really enjoyed it and you've earned a sub-like combo sir!
Such a good teacher plain bagel! have learnt so much, and actually sticks unlike going to uni, cheers!
This ones gonna get real spicy real quick
I'm really fascinated by how that user on Reddit was able to communicate this idea about going against wall street short sellers and inspired enough confidence to go after it. Feels like something people just ignore because they think they would just lose money
Thank you, for always telling the truth and being honest in every one of your videos. Your amazing and please never stop making videos like this.
Youre awesome Richard! Thx for all the knowledge! I'm currently a value investing student under the tutelage of Phil Town and Rule One Investing- value investing Warren Buffett style- and your videos are very often my #1 go-to as supplemental information and explanation of concepts, terms, etc. Keep up the great work and keep those videos coming!
Your channel is seriously a gem.
*WSB publicly Shouts:* We're Buying GameStonk!
*Hedge funds:* That's illegal!
*Also Hedge funds:* We're going to use dark pools that no one can see but us, and front run sucker retailer traders trades. We're also going to use our near unlimited access to leverage and shorts... and our ability to get bailed out.
I've been following this since the beginning and this is completely different than anything else I've seen about it. Thanks so much
Hope you have a video on part 2 of this saga! Subbed. Very clear explanation!
Here it is :D
Still holding 10, covered my position, currently averaging up
As a person watching from the sidelines, I'm glad to see *wallstreet, hedge funds and big banks feel The pain* of what "normal" people had to endure in 2007, 2008, 2009 financial crisis.
T he y don't feel it coz the hedge funds are getting bailed out
Richard just explained that GME is 80% owned by institutional traders, not by WSB, as everyone seems to think.
Its more like a few specific funds are feeling the pain while a few others make massive profits along with the retail investors. Big banks and most hedge funds aren't even involved in this.
And if you had watched and understood the video you would realize that the "wallstreet, hedge funds and big banks" are not "feeling the pain" they are making profits for this. But you didn't so now you posted something idiotic instead.
This is why you are one of my top 2 favorite financial/economic youtube channels!
watched a lot of videos about it already...yours was the best: very good explanation of the situation!
Honestly thanks for the good analysis and for being one of the few honestly analysts to say "I don't know what is going to happen"
"It's a gambe now".
Excuse me? What was it before? Investment? Financial engineering?
Thank you as usual for being objective and insightful. We really need this type of information specially with all the noise nowadays. Btw Are you working out ?
Thanks for explaining this! I heard so much about the small retail investors taking over the hedge funds, but the money didn't quite add up for me.
I actually feel bad for watching your videos for free. So much value every time, this could easily be paid content.
"they make jokes about losing there life savings on trades" hahahahahah....if only it was a joke....
a looser is someone who can't spell "loser"
Yep, WSB is statistics... if you have bunch of darts being thrown in a dark, there is bound for few to hit the center. For each one who makes big, count how many end up on the streets.
Thanks for this video. I was wondering just two hours ago if the Plain Bagel would do a video on this.
Great video :0 always value your take on things Richard 👍🏼 thanks for pointing out that the trades held are by Institutions blaming retail and reddit. What interesting times
Great, calm video in turbulent times! Much appreciated. Lets go to the moon
8:55 So sorry, were we still talking about GME at this point or Tesla?
Tesla is a great company though even oil itself knows that
Tesla is actually a good company though
Thank you for making this video. As always your videos are informative and awesome!
Thank you for taking the time to explain your rationale! This was a great video!
19 shortsellers dislike this
They’ll like it when r/wsb realises they need to sell their shares to make money.
@@KiLLJoYUA-cam I think the shortsellers will be super pissed. They HAVE to buy the shares back because of the nature of the process. They’re essentially borrowing someone else’s shares to sell and buy back. Yes? So they have to pay the market price. Which means financial ruin without a bailout.
@@AcornElectron i heard they’re getting bailed out by other hedgefunds, but the gov will impose regulations
Behavioral finance also is a substantial factor in the momentum but nonetheless great insights !
Thanks for the fast upload! Great stuff.
Amazing explanation! I learned A LOT here. Keep up the amazing work!
it is not only about institutions it is about SHORT SELLERS!! yes GME is not a great company but those assholes wanted to ruin them by shorting and then announcing it on the media. Many peopel would lose their jobs. this is not only about the money, it is to send a message !!!!
WE LIKE THE STOCK
Makes a lot of sense. I subscribed the other day based on one of your vids and I completely agree with this take as well.
Thank you for covering this
It was just several other hedges fund funding to screw one or two hedge funds. Retailer do not have such capital to keep the fuel going so somebody must be behind this massive action
people smell blood in the water
It went from making money to sending a message to wallstreet 😂🤣
Awesome thoughts on GME. I think you had explained it well in the short selling video and what is a short squeeze all about. So this is a real life scenario.
Great job of explaining it to NON financial common folks. Kudos to you!!!
How can a stock have more shorts against it then there are stocks?
Welcome to the scum that is big wall street
follow up question and i might be not fully understanding how it works but if a company/group has shorted a company dont they need to buy the stocks when the short time ends and if so how can they buy stocks that dont exist?
@@Mrfunniguy4 not all the short positions expire at the same time, the typical expirations are 1 week, 1 month, and 1 quarter. As long as you don't have 100% of the stock expiring at a given time, you never run the risk of running out of shares to cover the short positions and can technically hold positions that exceed the total number of shares.
In certain cases a share can be borrowed more than once. The whole thing is, this reduces the float, and makes manipulation 'easy.' Now that the shorts have mostly covered, the float is normal, and the price will now crater because there is not enough (dumb) money to keep it inflated. It will likely overshoot, but I will be out by then...
@Uncle Ho - Not MY Capitalism; and only buys are halted.
You are wrong on the idea that the instutional holders are benefitting from the rise in price. Most of these institutional investors are merely holding the stock as a delta hedge versus their short CALL positions. In this case they can only profit from a deflating volatility. You need to identify the holders of the outstanding CALL options to see who is really benefitting from the rise in price.
Probably the same people who short the stock actually hedging their positions. Done properly a short seller can actually make more than they intend from the short. Melvin is a gambler who doesn't know what he is doing, he's no "hedge fund" manager. He was not hedging anything at all and totally exposed.
@@nathanfielure4305 yes exactly, the parties who shorted naked are losing heavily, the ones who delta hedge remain relatively unchanged and the unhedged longs are winning a lot.
Exactly
Love the explanation. I have a recommendation for your videos though. Since a lot of the videos you make involve you talking to the camera, you should invest in a teleprompter of some sort so you can keep your eyes on the audience(camera). I think it would help improve the overall production quality of your videos
highly appreciate your perspective ALWAYS.very valuable.
Bought my first US stock and it’s GME 🚀🔥⭐️
did you use robinhood
I'll come back in a month to ask you how much you made from it.
HOLD ✊💎
the calvary is coming for my brothers who went in @ $350 a share!
I saw this video on sunday, your skepticism on this whoie thing made sense and is what made me sell monday morning before gme completely tanked. It was hard to find opposing/differing takes on this situation. I broke even thanks to you. subbed
I learned a lot here, thank you!
Yeah, efficient market.... lol
Hold till Valhalla my GME brothers!
Your video on shorting stocks back in 2019 hit the nail in the head.
Thank you for your insights! I love your skeptical approach!
Update: Discord banned wallstreetbets, take from that what you will 🤷🏽♂️
They said it wasn't in relation to finances but the comments, some of them are against guidelines which supposedly they were advised to stop. But who knows?
@@nadiel42 What a coincidence on that timing though
@@MrApontjos suspicious, yes, then all the stocks they had in the chat dropped after-hours. Panic selling?
@@nadiel42 Actually, not even. If you look closely at the volume of the shares that were sold after hours causing the dips, you'll notice that its VERY small. This was actually just hedge funds selling stocks to each other at lower prices to make it appear that the stock is going down, and activating stop losses. This was all manipulation in plain sight
@@tinguspingus464 sneaky sneaky, nice catch.
The End: Looking good Billy Ray. Feeling good Lewis.
If you missed this, buy physical silver. It IS the next big play to screw the Morgans' short selling and certs. APMEX halted selling any silver this weekend. Have not seen that in 25 years watching silver.
I've been following this story the way people used to watch the OJ trial. It's absolutely riveting.
You make a good point about how institutional investors are probably in the mix, but if anything I think that highlights the importance of the wallstreetbets retail guys even more. This is happening because they started it, and it wouldn't have happened without them. So maybe we're entering an era where retail investors can easily gang up to make something move, and the algorithmic traders will swing in behind to help them like robotic backup.
Thank you for the video! Was trying to understand why this stock rally happened.
*Who else loves the fact that Wall Street is getting screwed!* ❤️
Anime battle #1 wall street vs wall sreet bets
Everyone likes that
DId you watch the video?
@@TheKturner05 I am pretty sure the only language that they understand is emoji.
I doubt they are... look at 2008... they threw in a sacrificial lamb, meanwhile everyone else got rich... I would say WS is culling their herd. I bet bunch of other funds are making a killing on volatility.
You're pronouncing GameStonk wrong
Thank you for actually taking the time to acknowledge the ridiculousness of the situation and giving a levelheaded analysis, there is still a lot of denial for traditional trading forums.
It's also worth pointing out that the short positions, most of whom have economic and political clout, were betting on the failure of gamestop and the loss of jobs for employees. The finance industry has toed the line for covid-19 restrictions. There is a conflict of interest beyond the naked short selling.
Thanks, You always find a way to eplain stuff to me. your like the friend i dont have and the one i can mute LOL You are the best! Love you!
Update 1/28/21:
Robinhood removed multiple stocks that WSB were discussing:
GME
AMC
BB
KOSS
BB
BBBY
Crazy times!
"I don't know why it's allowed" me either bro.
As usual our boy is clutch! Good luck on CFP
THANK YOU for this take!