Reddit poster goes from $50k to $11 million off Gamespot stock( now $48 mil)

[JT-Money]

WS is pulling out all the stops even calling in favors for other Big Investors to sell. They know retail investors don't have enough funds to keep driving the stock higher possibly.

Major GameStop Shareholder Sells Entire Stake

Major GameStop Shareholder Sells Entire Stake
GameStop disclosed in a filing with regulators on Thursday that MUST Asset Management, a large shareholder in the company, has sold its entire stake in the company.

The South Korean asset manager’s sale comes after the stock surged 788% through Wednesday, powered higher by swarms of individual investors targeting the videogame retailer’s

 

[goatmane]

another one

 

[heisenburrr]

It is, because it's an organized effort designed to boost up the stock

That's never stopped Wall Street from doing this at every chance they get

 

[goatmane]

Lmao

 

[JT-Money]

Somebody needs their ass beat over this.

 

[goatmane]

WALL Street gonna have Joe and Kamala put the clamps down
Losses on short positions in U.S. firms top $70 billion - Ortex data
Losses on short positions in U.S. firms top $70 billion - Ortex data

LONDON (Reuters) - Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday.

The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000% in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses -- defined as a short-squeeze -- while retail investors then piled in to benefit from the surge.

Chasing shorted companies became a trend among retail traders, rippling across U.S. markets and Europe. Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms.

Its data also showed that estimated losses from shorting GameStop at $1.03 billion year-to-date, while those shorting Bed, Bath & Beyond were looking at a $600 million loss.

Ortex said the figures are based on the change in trading prices between the start of January to Wednesday’s close, and the number of short positions. The company sources short interest data from submissions by agent lenders, prime brokers, and broker-dealers.

 

[goatmane]

This dude down $15 million today

 

[puppetmaster]

The hedge fund managers just need to relax. .. all this hysteria isn’t called for.

This is why we have sturdy bootstraps

Just live within your means a little more

you know. ..

the money will trickle down after all. .. right?

 

[Master Teacher]

That's never stopped Wall Street from doing this at every chance they get

Their not public forums telling everybody their doing it that's why

hedgefund managers go to prison all the goddamn time lmao when they do shyt like this

GameStop Stock, Explained: How Reddit Traders Manipulated the Stock Market

This shyt is mainstream now, the gig is up

We could been doing this shyt forever if muthafukkaz didn't get greedy, and dropped the stock and pumped up another one

The shyt became too big to not notice

 

[Oatmeal]

So they named the app "Robinhood" but really not about that life

Got the sheriff on speed dial

 

[Lifejennings]

How can we get in on this? Somebody help me lol

 

[Spectre]

WALL Street gonna have Joe and Kamala put the clamps down
Losses on short positions in U.S. firms top $70 billion - Ortex data
Losses on short positions in U.S. firms top $70 billion - Ortex data

LONDON (Reuters) - Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday.

The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000% in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses -- defined as a short-squeeze -- while retail investors then piled in to benefit from the surge.

Chasing shorted companies became a trend among retail traders, rippling across U.S. markets and Europe. Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms.

Its data also showed that estimated losses from shorting GameStop at $1.03 billion year-to-date, while those shorting Bed, Bath & Beyond were looking at a $600 million loss.

Ortex said the figures are based on the change in trading prices between the start of January to Wednesday’s close, and the number of short positions. The company sources short interest data from submissions by agent lenders, prime brokers, and broker-dealers.

It's not even friday yet lol

 

[heisenburrr]

Their not public forums telling everybody their doing it that's why

hedgefund managers go to prison all the goddamn time lmao when they do shyt like this

GameStop Stock, Explained: How Reddit Traders Manipulated the Stock Market

This shyt is mainstream now, the gig is up

We could been doing this shyt forever if muthafukkaz didn't get greedy, and dropped the stock and pumped up another one

The shyt became too big to not notice

They do it all. the. time. behind closed doors.

Watch the Chamath interview on CNBC yesterday

 

[Master Teacher]

They do it all. the. time. behind closed doors.

Watch the Chamath interview on CNBC yesterday

what did I just say lmao

I already explained how they manipulate the stocks

 

[CodeKansas]

nothing but rich cacs in that tower playing games

I spy cacs, rice cacs, and curry cacs.

But we get flack on here for demanding reparations.