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Topic	You guys see what's going on with GameStop's stock?
red sox 777 01/27/21 10:23:24 PM #160:	LordoftheMorons posted... The relevant thing is the total number of stocks that need to be sold vs how many stocks shorters are on the hook to buy. Unless I'm wrong and the former number is smaller (which I doubt given the almost 20 fold increase in the stock's price) there are going to be a bunch of other shares where non-hedge fund people have to take a hit. Once it starts tanking, everybody is going to want to sell. Like yeah it's hypothetically possible that people could sell in the reverse order that they bought and everyone besides the wall street guys comes out a little ahead, but realistically the orders will not be the same and some people will be making huge gains while others lose most of their investment. Yes, LOTM, that's what everyone has been trying to tell you. The number of shares the shorts are on the hook to buy is about 140% of the total number of shares. Yes, you're reading that right. Over 100%. That's why this whole thing is happening, and why it's rare (the last time a big squeeze like this happened with a major company was 2008). The shorts basically built a trap for themselves and then walked into it. Then they doubled down on it. Now the market is punishing them for their stupidity. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:950000133] in You guys s... [t:79253781]...</cite> <quote>LordoftheMorons posted... </cite> <quote>The relevant thing is the total number of stocks that need to be sold vs how many stocks shorters are on the hook to buy. Unless I'm wrong and the former number is smaller (which I doubt given the almost 20 fold increase in the stock's price) there are going to be a bunch of other shares where non-hedge fund people have to take a hit. Once it starts tanking, everybody is going to want to sell. Like yeah it's hypothetically possible that people could sell in the reverse order that they bought and everyone besides the wall street guys comes out a little ahead, but realistically the orders will not be the same and some people will be making huge gains while others lose most of their investment.</quote> Yes, LOTM, that's what everyone has been trying to tell you. The number of shares the shorts are on the hook to buy is about 140% of the total number of shares. Yes, you're reading that right. Over 100%. That's why this whole thing is happening, and why it's rare (the last time a big squeeze like this happened with a major company was 2008). The shorts basically built a trap for themselves and then walked into it. Then they doubled down on it. Now the market is punishing them for their stupidity. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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