FreeFromMatrix
Newbie
- Jul 15, 2020
- 42
- 18
Big Money firms were betting against Gamestop essentially driving their stock price down and effectively bankrupt the company = Yes, this is common practice and lot of people making big bucks this way! )
Bunch of folks in Reddit learned about this and they decided to invest in GME ( Gamestop ) and buy shares!
The firms were "naked shorting" GME, basically they were borrowing what is essentially "fake shares" and then were forced to buy back with real shares, which now the value has gone up. The more they buy, the more value goes up. It is not just people in reddit that bought, there are some "big players" involved pumping money into this GME event. Reddit people are aware of these big players but do not know who they are. They are essentially being treated as an "ally". Combined with these big money allies and the reddit folks, the firms that were doing the shorting have buried themselves deeper and deeper into a hole because the price of GME keeps going up.
All this activity is going to trigger a "short squeeze" which basically is going to drive the GME stock price sky high. Here is the deal:- The shorting firms need your shares! If you have 1 share, they need that one share. So what happens if you refuse to sell it? That is a problem for those who need what you own!
So tomorrow morning, when the market opens Monday - most people are gonna buy 1 Gamestop share or buy 50, whatever they can afford to throw away! There is this idea that all humans have 3 choices when it comes to the Gamestop situation.
1) Do Nothing
2) Stand with apes
3) Do not stand with apes.
*****This is not financial advice. This is for your educational and entertainment purpose only. *****
Bunch of folks in Reddit learned about this and they decided to invest in GME ( Gamestop ) and buy shares!
The firms were "naked shorting" GME, basically they were borrowing what is essentially "fake shares" and then were forced to buy back with real shares, which now the value has gone up. The more they buy, the more value goes up. It is not just people in reddit that bought, there are some "big players" involved pumping money into this GME event. Reddit people are aware of these big players but do not know who they are. They are essentially being treated as an "ally". Combined with these big money allies and the reddit folks, the firms that were doing the shorting have buried themselves deeper and deeper into a hole because the price of GME keeps going up.
All this activity is going to trigger a "short squeeze" which basically is going to drive the GME stock price sky high. Here is the deal:- The shorting firms need your shares! If you have 1 share, they need that one share. So what happens if you refuse to sell it? That is a problem for those who need what you own!
So tomorrow morning, when the market opens Monday - most people are gonna buy 1 Gamestop share or buy 50, whatever they can afford to throw away! There is this idea that all humans have 3 choices when it comes to the Gamestop situation.
1) Do Nothing
2) Stand with apes
3) Do not stand with apes.
*****This is not financial advice. This is for your educational and entertainment purpose only. *****
