Retail buyers probably taking it the shorts I'd say
GameStop drops by 40% in 25 minutes
https://www.cnbc.com/2021/03/10/game...ted-again.html
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Retail buyers probably taking it the shorts I'd say
The squeezers are getting taken out again today. Gamestop and AMC.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Do not believe everything MSM says. It is a war of attrition and the Hedge Funds Have well over 200 million (that's right) naked short positions on GME. While the posted Short interest does not support my claim, the Long ITM Calls and OOM Puts does support it. It is similar for AMC. This will really mess with the rest of the market once things coalesce. This of it as Archegos on steroids.
The Hedge Funds are behind the manipulation (and still are) along with the DTCC, DTC, OCC, etc.
If you have 1+30 hours, watch this. https://www.youtube.com/watch?v=Kpyhnmd-ZbU
All the Reddit crowd is doing is "Buying, Hodling, and Voting". How can that be stock manipulation? "We like the stock!"
Naked shorting a company by 250 million shares (that I know of) is stock manipulation. That is a problem when only 70 million shares should exist.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
That is interesting because it is ok'ed for open dissemination with the publishers approval.
EDIT: I just received the same msg.
Here is some additional Info. There is a Ask Me Anything (AMA) this afternoon with the one of the lawyer's that supported Overstock (another Hedge Fund target). Feel free to drop in.
There are also links to previous AMS's to include one from the former Director of the Depository Trust company (DTC) all discussing this issue.
https://www.reddit.com/r/Superstonk/...1_its_ama_day/
GameStop Launches Digital Wallet for NFTs, Cryptocurrencies
https://www.wsj.com/articles/gamesto...hare_permalinkVideogame retailer looks to turn around core business while tapping into buzzy area
The company said Monday that the move will allow gamers and others to store, send, receive and use cryptocurrencies and NFTs across decentralized apps without having to leave their web browsers.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Wow, look at the pre-market this morning. The meme boyz will be giddy . .
GME.PNG
I'm not much to bitch about stuff, but I really, really miss the AMERICA that I grew up in.
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