4 ms·

These clowns shorted 170% of float. If that's not pure gambling teetering on market manipulation, I don't know what is.

• nsator 6y ago
  It's mostly just one hedge fund. It would be an overgeneralization to call all hedge fund clowns...
  • Ataraxy 6y ago
    Similar to calling all retail investors amateurs.
    • nsator 6y ago
      I didn't but a large portion of retail investors are likely amateurs.
      • Ataraxy 6y ago
        Oh I know you didn't I was just pointing out the parallel to the point being made. :) Similarly the majority of people trading options are gamblers.
  • EpicEng 6y ago
    "These clowns" e.g. Citron and Melvin Capital. I know.
• viro 6y ago
  Bruh, lets be honest its GameStop. That company IS going the way of blockbuster. "pure gambling" is a stretch everyone can read the tea leaves here. Honestly pre-covid when was the last time you went into a GameStop and saw more than two other people.
  • yifanl 6y ago
    Its going bankrupt in the medium term if nothing changes, but that ratio of shorts would only make sense if it was going bankrupt in a quarter or two, where Gamestop actually rallied on revenue with the release of the new console generation.
  • EpicEng 6y ago
    Sounds like you're agreeing with me? Not sure what your point is. Obviously these trades are not based on any sort of fundamental analysis. Wall street made a bet and now retailers are getting tagged as bad actors for taking the other side.
  • Semaphor 6y ago
    never been to game stop, but there is one next to my supermarket. I see almost always 2-3 groups of people in there, never empty. Germany though.
  • jhanschoo 6y ago
    But it doesn't have to go the way of blockbuster, it appointed 3 new directors to its board with e-commerce and tech experience. It seems to be looking to transition to an e-commerce platform.