Dr Parik Patel is my favorite follow on Twitter. He’s hilarious.
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Dr Parik Patel is my favorite follow on Twitter. He’s hilarious.
Dr Parik Patel is my favorite follow on Twitter. He’s hilarious.
I wanted to jump into GME when it was $40. Instead, I watched about 6 hours of videos on YouTube and read countless hours about it before committing to put some money in it.These are the kind of comments that typically denote market tops.
I wanted to jump into GME when it was $40. Instead, I watched about 6 hours of videos on YouTube and read countless hours about it before committing to put some money in it.
I had stocks in apple, corsair, weed etfs, TSM, and others and this whole thing has taught me one major lesson. The market is literally a casino with what these assbags are doing. Technical analysis, fundamentals, earnings reports, etc is all bullshit. There is no rhyme or reason to this. It's all rigged and any gains are more due to luck than anything else.
So naturally, I sold all the other stocks and put it in GME.
YOLO
This is the way.I wanted to jump into GME when it was $40. Instead, I watched about 6 hours of videos on YouTube and read countless hours about it before committing to put some money in it.
I had stocks in apple, corsair, weed etfs, TSM, and others and this whole thing has taught me one major lesson. The market is literally a casino with what these assbags are doing. Technical analysis, fundamentals, earnings reports, etc is all bullshit. There is no rhyme or reason to this. It's all rigged and any gains are more due to luck than anything else.
So naturally, I sold all the other stocks and put it in GME.
YOLO
Close. I bought 50 shares yesterday at 140 and exited today at 216. Set a sell limit and got lucky on the sell the second peak in the morning today.Who bought at $120 and made 50% returns in a day, raise your hand.
Off market activity tracker. Interesting to see the top names.
This is exactly why I own GameStop stock partially as a hedge. Look what happened to Discovery and Viacom because a hedge fund had to liquidate positions in those stocks because of a margin call. With GME, the margin depth is significantly greater and more widespread. If the squeeze happens and hedge funds get margin called, the rest of the market will crater. GME’s beta supports that theory as well.
That’s the big issue - supply and demand. If there’s any sort of catalyst like a margin call or some sort of share recall, these shares need to be accounted for and purchased, possibly several times over. So retail investors who hold out when the hedge funds need to purchase are going to see the price shoot up significantly.I haven't been following terribly closely and am not wise in the stock market ...can someone explain how covering the over-shorted stocks works?
If GME, for example, is shorted over 100% of the float, how can those be covered? Do shorts have to buy back "virtual" shares to return to lenders until they get down under the actual float #? Do real shares have to be bought to cover shorts at some point, or can it all be done with virtual shares? Or do you have to buy real shares, return them to the lender, then buy them again just to return them right back to cover when it's over-shorted? The absurdity of naked shorting confuses me.
That’s the big issue - supply and demand. If there’s any sort of catalyst like a margin call or some sort of share recall, these shares need to be accounted for and purchased, possibly several times over. So retail investors who hold out when the hedge funds need to purchase are going to see the price shoot up significantly.
The rebalance has been happening for a couple weeks now. A lot of riskier companies have seen their price decrease dramatically (see Tesla over the last 2 weeks), with money flowing into bonds with rising yields. I don't expect to see a last minute change in portfolios tomorrow.My buddy is telling me that the big boys will have to "re-balance" at the end of the quarter (tomorrow). Anyone have insight on how that works?
Say Public Retirement Fund X has an internal strategy to hold 50% equities. If stocks have a great quarter, their percentage might run up to say 53%, so they would sell enough stock to get back down to 50%.My buddy is telling me that the big boys will have to "re-balance" at the end of the quarter (tomorrow). Anyone have insight on how that works?
I haven't been following terribly closely and am not wise in the stock market ...can someone explain how covering the over-shorted stocks works?
If GME, for example, is shorted over 100% of the float, how can those be covered? Do shorts have to buy back "virtual" shares to return to lenders until they get down under the actual float #? Do real shares have to be bought to cover shorts at some point, or can it all be done with virtual shares? Or do you have to buy real shares, return them to the lender, then buy them again just to return them right back to cover when it's over-shorted? The absurdity of naked shorting confuses me.
I'll cut my balls off if the short interest is actually 18%.just an FYI but the short interest isn’t anywhere near 100%. It’s reported at 18%.
I'm also convinced that retail owns around 100 percent of the float.
Shares Outstanding 5 | 69.94M |
Float | 45.34M |
% Held by Insiders 1 | 22.29% |
% Held by Institutions 1 | 110.63% |
Stockholder | Stake | Shares owned | Total value ($) | Shares bought / sold | Total change |
---|---|---|---|---|---|
Fidelity Management & Research Co... | 13.30% | 9,276,087 | 943,749,091 | -258,003 | -2.71% |
BlackRock Fund Advisors | 12.17% | 8,489,953 | 863,767,818 | +592,046 | +7.50% |
The Vanguard Group, Inc. | 7.25% | 5,053,431 | 514,136,070 | -131,681 | -2.54% |
Senvest Management LLC | 7.24% | 5,050,915 | 513,880,092 | +1,825,175 | +56.58% |
Maverick Capital Ltd. | 6.68% | 4,658,607 | 473,966,676 | +2,894,757 | +164.12% |
Dimensional Fund Advisors LP | 5.64% | 3,934,919 | 400,338,659 | -13,195 | -0.33% |
Morgan Stanley Investment Managem... | 4.54% | 3,168,279 | 322,340,705 | +2,050,191 | +183.37% |
D. E. Shaw & Co. LP | 4.07% | 2,841,563 | 289,100,620 | +2,306,866 | +431.43% |
SSgA Funds Management, Inc. | 3.51% | 2,445,216 | 248,776,276 | -164,271 | -6.30% |
Susquehanna Financial Group LLLP | 3.50% | 2,444,172 | 248,670,059 | -1,931,873 | -44.15% |
Mutual fund | Stake | Shares owned | Total value ($) | Shares bought / sold | Total change |
---|---|---|---|---|---|
Fidelity Series Intrinsic Opportu... | 9.75% | 6,801,757 | 692,010,757 | -176,510 | -2.53% |
iShares Core S&P Small Cap ETF | 5.28% | 3,679,007 | 374,302,172 | +7,911 | +0.22% |
Fidelity Low Priced Stock Fund | 2.87% | 2,000,679 | 203,549,081 | -40,742 | -2.00% |
Vanguard Total Stock Market Index... | 2.11% | 1,471,585 | 149,719,058 | -507 | -0.03% |
Morgan Stanley Instl. Fund Tr. - ... | 2.03% | 1,415,967 | 144,060,483 | +1,069,024 | +308.13% |
iShares Russell 2000 ETF | 2.03% | 1,415,331 | 143,995,776 | +20,114 | +1.44% |
DFA US Small Cap Value Portfolio | 1.61% | 1,121,503 | 114,101,715 | 0 | 0.00% |
Vanguard Extended Market Index Fu... | 1.11% | 771,765 | 78,519,371 | +6,267 | +0.82% |
iShares Russell 2000 Value ETF | 0.90% | 629,067 | 64,001,277 | +9,222 | +1.49% |
Vanguard Small Cap Index Fund | 0.90% | 628,361 | 63,929,448 | +4,768 | +0.76% |
This is insane. Not only does GME have by far the fewest number of shares to borrow, but the fee is almost nothing. It's hard to get a sense of how far out of whack GME is with the rest of the universe from numbers, so I made a chart to help visualize the gap:
a
On the X-axis, we have the normalized available shares, which is available shares to borrow / float. On the y-axis we can see the borrow fee. I had to make this LOG SCALE in order to be able to even see anything due to how distorted the numbers are with GME. There is a general trend that as the available borrow shares goes down, you see borrow fees go up (though some stocks have generally more shares and may be more liquid, affecting these numbers). We can see that TKAT's borrow fee is quite high at 543%, given that there are almost no shares available to borrow right now.
But LOOK AT GME! GME has even fewer shares available as a percentage of its float (they even ran out last week), and yet the borrow rate is almost 0. This is so out of whack that clearly something crazy is going on. I consider this strong evidence of some kind of collusion between the banks lending shares to manipulate the borrow fees for GME. There is no way that the fee should be so low.
The last week or so has been eerily steady. The day traders pump and dump in the morning and it levels off. If you’re at 220/share, averaging down to 190-195/share seems like a win. It’s obviously volatile, but the potential for a breakout seems so much larger than it taking a dump.I'm still hanging in, 10 shares, avg 220ish I think. I've considered picking up some more in the dip, but this thing is so unpredictable
The last week or so has been eerily steady. The day traders pump and dump in the morning and it levels off. If you’re at 220/share, averaging down to 190-195/share seems like a win. It’s obviously volatile, but the potential for a breakout seems so much larger than it taking a dump.
Go deep into r/GME and it’ll seem worthwhile. They toss around crazy numbers but there’s still a squeeze out there that’ll need to be covered.
Most importantly, just keep holding those shares. The shorts need them to cover so holding will drive the value of them up when this thing is ready to pop.
What price do you think it will hit if there are no shorts? $500? And then what, that's the new fair value of GME?