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There is a concerted effort to misrepresent the short positions in GSE now. Not to mention tons of misinformation claiming that GameStop is actually a successfu

There is a concerted effort to misrepresent the short positions in GSE now. Not to mention tons of misinformation claiming that GameStop is actually a successful and valuable business. I'm not sure about the law but lies + financial interest often equals crime.

caseysoftware 6y ago
*GME You're right. There was a concerted effort in the last week claiming that the hedge funds had closed their short positions. Turns out, a few had so GME went from 140% shorted way down to 130% shorted when historically, 25% is considered "high". I hope someone looks into the hedge funds and the talking heads who spread this misinformation.
- mike00632 6y ago
  Where are you getting those % values? And on what basis do you make the suggestion that Melvin still has a short?
  - caseysoftware 6y ago
    1. The numbers are cited in almost every analysis of the situation this week. They've also been cited on WSB for months. Don't be lazy. 2. I didn't say any specific firm. I only know the aggregate numbers and the specifics on a couple and they're not one of them.
    - mike00632 6y ago
      1) Yes, I specifically pointed out that these numbers are being circulated everywhere. They are baseless and intentionally misleading. It might even amount to a crime. It matters that you can't vouch for these numbers despite repeating them yourself. 2) You intentionally used language that casts doubt on the only well-sourced statement, that Melvin got rid of their short position. If you're going to be so skeptical then I want to know why. If you think that CNBC is colluding with hedgefunds and intentionally publishing misinformation then I want to know why you are suggesting that.
      - PartiallyTyped 6y ago
        How about this? https://financhill.com/most-heavily-shorted-stocks-today https://financhill.com/most-heavily-shorted-stocks-today 250% of floating shares.
        mike00632 6y ago
        Wow! That cite has a lot of numbers! They even explain what a short is! It's like one-stop shopping for misinfo on how to devastate your finances.
        PartiallyTyped 6y ago
        More sources follow along then to shortsight and ortex for more numbers. https://isthesqueezesquoze.com/ https://isthesqueezesquoze.com/
        PartiallyTyped 6y ago
        More numbers https://www.nasdaq.com/articles/are-these-the-best-heavily-shorted-stocks-to-buy-right-now-5-names-to-watch-2021-01-31 https://www.nasdaq.com/articles/are-these-the-best-heavily-s... 121% short.
yepguy 6y ago
> Not to mention tons of misinformation claiming that GameStop is actually a successful and valuable business. I'm an outsider to both the investing world and this whole WSB thing, but just from following the story I've gotten the opposite impression. The general sense I get from the WSB community is more like "GME is a garbage stock, you should buy it and some of these other worthless stocks too!" Might still be a crime, but it's not really misleading IMO.

caseysoftware 6y ago

*GME You're right. There was a concerted effort in the last week claiming that the hedge funds had closed their short positions. Turns out, a few had so GME went from 140% shorted way down to 130% shorted when historically, 25% is considered "high". I hope someone looks into the hedge funds and the talking heads who spread this misinformation.

mike00632 6y ago
Where are you getting those % values? And on what basis do you make the suggestion that Melvin still has a short?
- caseysoftware 6y ago
  1. The numbers are cited in almost every analysis of the situation this week. They've also been cited on WSB for months. Don't be lazy. 2. I didn't say any specific firm. I only know the aggregate numbers and the specifics on a couple and they're not one of them.
  - mike00632 6y ago
    1) Yes, I specifically pointed out that these numbers are being circulated everywhere. They are baseless and intentionally misleading. It might even amount to a crime. It matters that you can't vouch for these numbers despite repeating them yourself. 2) You intentionally used language that casts doubt on the only well-sourced statement, that Melvin got rid of their short position. If you're going to be so skeptical then I want to know why. If you think that CNBC is colluding with hedgefunds and intentionally publishing misinformation then I want to know why you are suggesting that.
    - PartiallyTyped 6y ago
      How about this? https://financhill.com/most-heavily-shorted-stocks-today https://financhill.com/most-heavily-shorted-stocks-today 250% of floating shares.
      - mike00632 6y ago
        Wow! That cite has a lot of numbers! They even explain what a short is! It's like one-stop shopping for misinfo on how to devastate your finances.
        PartiallyTyped 6y ago
        More sources follow along then to shortsight and ortex for more numbers. https://isthesqueezesquoze.com/ https://isthesqueezesquoze.com/
        PartiallyTyped 6y ago
        More numbers https://www.nasdaq.com/articles/are-these-the-best-heavily-shorted-stocks-to-buy-right-now-5-names-to-watch-2021-01-31 https://www.nasdaq.com/articles/are-these-the-best-heavily-s... 121% short.

yepguy 6y ago

> Not to mention tons of misinformation claiming that GameStop is actually a successful and valuable business. I'm an outsider to both the investing world and this whole WSB thing, but just from following the story I've gotten the opposite impression. The general sense I get from the WSB community is more like "GME is a garbage stock, you should buy it and some of these other worthless stocks too!" Might still be a crime, but it's not really misleading IMO.