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TopicStock Topic 24
StartTheMachine
03/05/21 8:12:24 PM
#34:


I've been watching Meet Kevin, the YouTuber, stream market close where he often takes a look at shorted stocks via Reuters and Bloomberg Terminals. Those things require like $700 - $1800 a month subscription but obviously whales like him and institutions find it useful to have the most up to date information. But you can just watch his YouTube channel and get the information too!

IIRC GME's short float was around 15% a couple days ago, though maybe it has increased since then. TD is saying 30%, but again, Reuters has exact up to date information and is what all the institutions use. CCIV, by comparison, was 47%, over triple the short interest. So yeah, it's nowhere near the most shorted stock on the market anymore, but it's not anything to sneeze at either. Just relative to 140% short interest, it's a joke. I'll watch his latest stream and see if he doesn't check GME again and get more accurate figures. It could have gone up again.

Now the cult point is one I absolutely agree with, and is why I'd buy puts at least a few months out to be safe.

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