Yesterday i knew absolutely nothing about any of this shit, now I'm aimlessly looking for stuff on youtube to explain as much as possible, not necesarily in order to take part in it, although I'm definitively considering

  • asABOVEsoBELOW [none/use name]
    ·
    4 years ago

    in the case of gme, they haven't bought the stocks they need to buy yet, right ? And this is what is going to happen friday, which is going to drive the stock even further, is that corrrect?

    e: very good explanation btw, i think it's perfectly clear for me now

    • PhaseFour [he/him]
      ·
      4 years ago

      I'm glad the explanation helped.

      The GameStop situation is nuts. There are 1.4x more short options on GameStop than there are stocks. Conventional wisdom means these short sellers have to buy up every stock on the market, and then some. I literally have no idea how that happened, or how that will be resolved.

      But that means there will be a huge demand for GameStop stocks when those contracts expire, and that's why we are driving up the price.

      But the bourgeoisie are playing rough. I have no idea what they are capable of doing. So, if you choose to invest, only invest what you are willing to lose. This is a gamble.