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SchmHoo

Joined: 09/01/2001 Posts: 9053
Likes: 3452


Regarding the historic clusterfestival that is GME (et al.).....


.... I'm trying to wrap my head around the mechanics of share transfer in such a unique situation.

I read this comment on the matter of r/wsb shutting down (they did this themselves as they were no longer able to sufficiently monitor the sub), and it makes pretty good sense to me, but I'm still pretty new at trading.

"...those of us holding don't need to coordinate. The mathematics of "139% of of the free float shorted" mean that they *MUST* come buy from those of us with shares. The strategy is simple. Buy and hold. It's a one step process. You don't need to coordinate that."

Can someone show me where the flaw or lack of understanding is here?

Posted: 01/27/2021 at 7:24PM



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Current Thread:
  Watched the NewReport last night on PBS -- GoochlandHoo 01/28/2021 08:22AM
  See e.g. tulip run up in -- Spudnut 01/27/2021 9:14PM
  Not sure people planted tulips as an F U movement -- Chesapeake HOO 01/27/2021 9:43PM
  They are -- Spudnut 01/27/2021 9:46PM
  But the end result will be -- Spudnut 01/27/2021 9:50PM
  Think it’s flawed logic -- hoos2008 01/27/2021 8:51PM
  Don't the shorts have a time limit, though? -- SchmHoo 01/27/2021 9:00PM
  Yes. -- 135Dobie 01/27/2021 9:15PM
  Assuming option expiry on Friday ** -- hoos2008 01/27/2021 9:02PM
  The Redditors have delivered their demands. -- JMHoo 01/27/2021 8:44PM
  LOL..."eat a dick" ** -- GoochlandHoo 01/28/2021 06:16AM
  #reddit ** -- Trigon 01/27/2021 9:09PM
  Or buy stocks. That works too. ** -- QBSacker 01/27/2021 9:35PM
  Mostly what's the current situation? -- SchmHoo 01/27/2021 8:23PM
  Sort of. Yes. I responded above about margin. ** -- 135Dobie 01/27/2021 9:00PM
  Copy and paste from a friend -- WamplerR 01/27/2021 10:09PM
  Thank you! ** -- CavMan1 01/28/2021 09:46AM
  I think it’s that simple -- WamplerR 01/27/2021 8:38PM

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