4 ms·
Similar explanation was posted Jan 28 on twitter by Silent Cal[1]. This article and the twitter thread do paint a very plausible explanation. And is easy to acc
by snomad 6y ago
Similar explanation was posted Jan 28 on twitter by Silent Cal[1]. This article and the twitter thread do paint a very plausible explanation. And is easy to accept.
OTOH, a potentially far more nefarious, yet plausible, underlying motive was posted on /r/wsb today [2] that links GME to counterfeiting shorts.
Given Steve Cohen's numerous scandals through the years as detailed on wikipedia [3], needing to cover up for counterfeiting shorts also seems like a plausible explanation.
I hope the finance committee investigations AOC called for take place and consider both points.
* - Not invested in GME, and prohibited from doing so by my employer. No intention of committing suicide and happy w/life.
[1] - https://twitter.com/KralcTrebor/status/1354952686165225478 https://twitter.com/KralcTrebor/status/1354952686165225478
[2] - https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/ https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_...
[3] - https://en.wikipedia.org/wiki/Steve_Cohen_(businessman) https://en.wikipedia.org/wiki/Steve_Cohen_(businessman))
- franklampard 6y agoThanks for sharing. I found it much more logical to believe it is illegal manipulation given history.
- kart23 6y agoIs it possible Gamestop is selling back shares that it bought back a couple years ago, and we just don't know because they are only required to report that quarterly? Their outstanding shares used to be above 100 Million, its now around 70. https://www.fool.com/investing/2019/12/10/gamestop-just-bought-back-a-crazy-amount-of-stock.aspx https://www.fool.com/investing/2019/12/10/gamestop-just-boug...
- ww520 6y agoIsn't counterfeiting shorts like counterfeiting money?
- itronitron 6y agohttp://counterfeitingstock.com/CS2.0/CounterfeitingStock.html http://counterfeitingstock.com/CS2.0/CounterfeitingStock.htm...
- midasuni 6y agoA lot harder to prove.
- ummonk 6y agoNote that Silent Cal posted an update that the DTCC discretionarily upped collateral required for specific stocks to 100%, and did so without announcing it to the public. https://twitter.com/KralcTrebor/status/1355172567242469377 https://twitter.com/KralcTrebor/status/1355172567242469377
- threedots 6y agoI read that reddit thread earlier when it was at the top of r/all and it is unhinged. How this went from vanilla pump and dump to this conspiratorial lunacy is beyond me and I hope it stops when GME comes back down to earth.