LogFAQs > #949996219

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Topic	You guys see what's going on with GameStop's stock?
LordoftheMorons 01/27/21 8:31:24 PM #119:	red sox 777 posted... The hedge funds are short around 140% of the float. They have to buy back those shares. That's WHY the stock is up so much. They're not the only ones buying shares (so is everyone getting in on this get rich quick scheme). Feel free to correct me if I'm wrong, but I'd guess that hedge funds are buying well fewer than 50% of the GME shares being traded this week. --- Congrats to azuarc, GotD2 Guru champ! <cite>LordoftheMorons posted [p:949996219] in You guys s... [t:79253781]...</cite> <quote>red sox 777 posted... </cite> <quote>The hedge funds are short around 140% of the float. They have to buy back those shares. That's WHY the stock is up so much.</quote>They're not the only ones buying shares (so is everyone getting in on this get rich quick scheme). Feel free to correct me if I'm wrong, but I'd guess that hedge funds are buying well fewer than 50% of the GME shares being traded this week. --- Congrats to azuarc, GotD2 Guru champ!</quote> ... Copied to Clipboard!
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