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Even if S3’s data is correct, I don’t believe it tells you anything about exactly what those positions are. The volume has been so high that AFAIK, many of the

Even if S3’s data is correct, I don’t believe it tells you anything about exactly what those positions are. The volume has been so high that AFAIK, many of the original shorts could have closed out and re-sold short into the $300+ insanity (or other funds opened new short positions). That is, new short positions could even be in the money right now (at least some likely are). Of course, another insane rush and buying spree could squeeze a short position at any price. It’s a giant game of chicken. To me, having a bearish position at $300 seems well-founded, but it certainly seems risky going against an army of people that hate you and are willing to lose a lot of money just to spite you. It will be very interesting to see how this all unwinds.

MuffinFlavored 6y ago
How many retail investors make up the army? I’m gonna spitball less than 7m worldwide (the total number of r/wsb subscribers) Then, I’m going to guess most of them can afford 1 share of GME at $300 and not much more. Doesn’t sound like a very powerful army when you break it down into reality-based numbers.
- llampx 6y ago
  No spitballing needed, you can go to reddit and see how much money people are putting down on the stock.
triceratops 6y ago
> but it certainly seems risky going against an army of people that hate you and are willing to lose a lot of money just to spite you. That's the part I don't understand. Other institutional investors will make money off this vindictiveness, right? It's not like they're punishing Wall Street as a collective; just the ones who have short positions.
- amscanne 6y ago
  Unquestionably. People are buying GME because they think it’s hurting hedge fund bros; that doesn’t mean that it is. I would be deeply surprised if retail investors were not left holding a larger proverbial bag than Wall Street as a whole. Still, I think it’s a risky game when you have so many people willing to be irrational involved.
  - njanirudh 6y ago
    This is not just about money. This saga shows how wide spread and bad those guys manipulate the market and they're are absolutely no rules to stop them. In the end we may not destroy wallstreet but hopefully change the rules of the game to be fair for everyday small investor.
  - justaguyOOL 6y ago
    GME is short around 140% of it's float. Retail investors are buyers usually. So whether the shorts are hedgies or banks, they're not retail as a group. Everyone knows that GME will eventually crash, but the question is when. If retail is smart and coordinated about it, they can definitely cash in massively when shorts cover. They would need to keep buying which looks increasingly made difficult and monitor % short of float. Will they succeed, idk.
StanislavPetrov 6y ago
>To me, having a bearish position at $300 seems well-founded I agree, if that bearish position carries finite loss potential. Buying puts is a bearish bet that could pay off or lose you what you spent on the puts. Shorting the stock is a bearish bet that leaves your downside uncapped.

MuffinFlavored 6y ago

How many retail investors make up the army? I’m gonna spitball less than 7m worldwide (the total number of r/wsb subscribers) Then, I’m going to guess most of them can afford 1 share of GME at $300 and not much more. Doesn’t sound like a very powerful army when you break it down into reality-based numbers.

llampx 6y ago
No spitballing needed, you can go to reddit and see how much money people are putting down on the stock.

triceratops 6y ago

> but it certainly seems risky going against an army of people that hate you and are willing to lose a lot of money just to spite you. That's the part I don't understand. Other institutional investors will make money off this vindictiveness, right? It's not like they're punishing Wall Street as a collective; just the ones who have short positions.

amscanne 6y ago
Unquestionably. People are buying GME because they think it’s hurting hedge fund bros; that doesn’t mean that it is. I would be deeply surprised if retail investors were not left holding a larger proverbial bag than Wall Street as a whole. Still, I think it’s a risky game when you have so many people willing to be irrational involved.
- njanirudh 6y ago
  This is not just about money. This saga shows how wide spread and bad those guys manipulate the market and they're are absolutely no rules to stop them. In the end we may not destroy wallstreet but hopefully change the rules of the game to be fair for everyday small investor.
- justaguyOOL 6y ago
  GME is short around 140% of it's float. Retail investors are buyers usually. So whether the shorts are hedgies or banks, they're not retail as a group. Everyone knows that GME will eventually crash, but the question is when. If retail is smart and coordinated about it, they can definitely cash in massively when shorts cover. They would need to keep buying which looks increasingly made difficult and monitor % short of float. Will they succeed, idk.

StanislavPetrov 6y ago

>To me, having a bearish position at $300 seems well-founded I agree, if that bearish position carries finite loss potential. Buying puts is a bearish bet that could pay off or lose you what you spent on the puts. Shorting the stock is a bearish bet that leaves your downside uncapped.