3 ms·

These are paper gains. None of these investors have closed their position. Most of them probably can’t so long as GME is part of the index they are pegged to.

paulpauper 6y ago
This logic needs to die. People said the same about Facebook in 2011 and Amazon in 2010. Nowt saying that this is going to be the same as those, but up is up, gains are gains. This is a hugely liquid market. Someone can liquidate $1 billion of GME or hedge it without too much problems.
- spoonjim 6y ago
  An index fund is constrained by its charter, not by market liquidity.
- hyperdimension 6y ago
  OT, but I've never seen anything autocorrected to `watthour!' Isn't it supposed to be hyphenated?
- jariel 6y ago
  Wow, no. Amazon and FB are massive companies, growing massively every year. They are probably overvalued, but that's due to a P/E ration problem, not a fundamentals problem. Game Stop is straight up a flailing business, not very big to begin with. This is a market stampede and it will come down soon.
  - paulpauper 6y ago
    >Game Stop is straight up a flailing business, not very big to begin with. It was 3 months ago. Things have changed since.
    - jariel 6y ago
      There's nothing to suggest the underlying fundamentals would change. It's possible the resurgence in interest could save the company, but it's not going to turn into a growth company, and won't ever have anything near a massive valuation relative to it's baseline.
jandrese 6y ago
They're all in a precarious position. If they sell their shares too quickly it will pop the bubble and cause panic selling, crashing the price. They have to slowly trickle them out while generating a constant stream of HODL memes in order to not be left holding the bag.
- kasey_junk 6y ago
  3 of the top 4 on that list likely can’t sell at all given the way their funds are incorporated. The remainder is a member of the GameStop board who probably will unload some of it, but would almost certainly need to pre-announce that he was doing so. The rest of the list are private individuals or hedge funds so can unload whenever they want. One of them, MUST already has.
Aunche 6y ago
https://money.cnn.com/quote/shareholders/shareholders.html?symb=GME&subView=institutional https://money.cnn.com/quote/shareholders/shareholders.html?s... It looks like 10% is GME is held in FDMLX, a mutual fund that tries to invest in "undervalued stocks." Since Gamestop isn't undervalued anymore, they're probably in the process of selling right now.

paulpauper 6y ago

This logic needs to die. People said the same about Facebook in 2011 and Amazon in 2010. Nowt saying that this is going to be the same as those, but up is up, gains are gains. This is a hugely liquid market. Someone can liquidate $1 billion of GME or hedge it without too much problems.

spoonjim 6y ago
An index fund is constrained by its charter, not by market liquidity.
hyperdimension 6y ago
OT, but I've never seen anything autocorrected to `watthour!' Isn't it supposed to be hyphenated?
jariel 6y ago
Wow, no. Amazon and FB are massive companies, growing massively every year. They are probably overvalued, but that's due to a P/E ration problem, not a fundamentals problem. Game Stop is straight up a flailing business, not very big to begin with. This is a market stampede and it will come down soon.
- paulpauper 6y ago
  >Game Stop is straight up a flailing business, not very big to begin with. It was 3 months ago. Things have changed since.
  - jariel 6y ago
    There's nothing to suggest the underlying fundamentals would change. It's possible the resurgence in interest could save the company, but it's not going to turn into a growth company, and won't ever have anything near a massive valuation relative to it's baseline.

jandrese 6y ago

They're all in a precarious position. If they sell their shares too quickly it will pop the bubble and cause panic selling, crashing the price. They have to slowly trickle them out while generating a constant stream of HODL memes in order to not be left holding the bag.

kasey_junk 6y ago
3 of the top 4 on that list likely can’t sell at all given the way their funds are incorporated. The remainder is a member of the GameStop board who probably will unload some of it, but would almost certainly need to pre-announce that he was doing so. The rest of the list are private individuals or hedge funds so can unload whenever they want. One of them, MUST already has.

Aunche 6y ago

https://money.cnn.com/quote/shareholders/shareholders.html?symb=GME&subView=institutional https://money.cnn.com/quote/shareholders/shareholders.html?s... It looks like 10% is GME is held in FDMLX, a mutual fund that tries to invest in "undervalued stocks." Since Gamestop isn't undervalued anymore, they're probably in the process of selling right now.