stock market was up today...

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#11,677

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#11,678
newarkvol said:
Game is rigged but if this is true...?



"It appears that they closed their bad shorts when they flagrantly cheated on Thursday, and opened new shorts when the price rose again - giving the impression that the same shorts are still open."

"Adding more shorts is insane no matter the price. They should have closed their shorts and ignored the stock until the hype died. These greedy morons added more kindling to the fire because the fundamental principle remains the same: too many shorts and the market can name its price. Nobody will walk away defeated, especially now that Wall Street has revealed its hand. Instead, they'll shoot for a new price, and they'll buy fractional shares if they have to. The only thing stopping a price singularity when the short squeeze restarts next week is blatant market manipulation by the hands of compromised brokers. I wonder how much more fraud they can get away with before a full-blown insurrection is at their hands"
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So do I read this as they used the manipulated price drop to minimize their short loses but then turned right back around and opened more short positions? Basically willing to take this L on this battle but try to squeak out W or even just a tie down the road? Basically playing a long game of chicken?

People need to go to jail.
 
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#11,679
#11,679
NorthDallas40 said:
So do I read this as they used the manipulated price drop to minimize their short loses but then turned right back around and opened more short positions? Basically willing to take this L on this battle but try to squeak out W or even just a tie down the road? Basically playing a long game of chicken?

People need to go to jail.
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You damn skippy...

Be careful out there.

I dont know?? But This explains the tweet well:

"Why would they restrict buying for a day, forcing the price to drop, and then open up and let it grow again the next day? We know that they cheated and they must have capitalised on that. It's just simple maths. If they open a short at $4, then close at $400, then they've lost $396 per share (excluding short interest). If they instead close at $200, thus initially losing $196 per share, but open a new short at $400 and sell at $20, then they make an overall profit of $184 per share. I think that must be what they're banking on to not only recuperate their losses, but, gallingly, potentially make a much bigger profit than they would have with the share price going from $4 to $1.

Make no mistake, they are absolute scum if they've pulled that off. They deliberately took on the risk by betting against GME, but when the odds turned against them they cheated and made sure to take even more from the little guy. If I'm right, then we're about to see a massive wealth transfer from the poor to the rich.

Maybe I am wrong and this is just a worst-case scenario that hasn't actually happened, and they just clawed back some of their losses. I really hope that I am wrong, and some billionaires get wrecked, but I don't think that's likely - they own this game, as they demonstrated by cheating. They were even shameless in talking about it on TV. They protected their interests, and now the wolves are letting the sheep back into their den."
 
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#11,680
#11,680
NorthDallas40 said:
So do I read this as they used the manipulated price drop to minimize their short loses but then turned right back around and opened more short positions? Basically willing to take this L on this battle but try to squeak out W or even just a tie down the road? Basically playing a long game of chicken?

People need to go to jail.
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The way I see it, when you get the closed buy intervention the fix is in. I am a novice to the topic, but sounds Crazy.
 
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#11,690
Orange_Vol1321 said:
Thanks for putting $20,000 on our app. Oh sorry, our firm that owns 47% of us is losing billions you can only buy 5 shares.


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I heard the Robinhood ceo say this morning their primary responsibility is to their customers. I thought it was telling that he didn't reference their users or account holders. Their actions over the last 48 hours has confirmed they place a priority on their customers with no regard to their users. This should cause people to consider their relationship with their brokerage.
 
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#11,698
Orange_Vol1321 said:
If they continue to hold and drive the price to $5000 they will be fine. The person buying at $5000 is SOL.
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Itโ€™s a huge game of chicken. If the GME officers can sell enough shares after they report 1Q data to solve the liquidity crisis then the bastards might win.

If these bastards really did close out their options yesterday and opened more then they need to fry. All the GME institutional transactions need to be checked out with a fine tooth comb and if those bastards opened more naked shorts they need to fry.
 
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