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It's not clear to me what you think the error is. That the majority of the price action was caused by retail and not short sellers covering their position doesn
by bigram 5y ago
It's not clear to me what you think the error is. That the majority of the price action was caused by retail and not short sellers covering their position doesn't negate the fact that shorts were forced to cover their positions and did so. The language and charts in the SEC report show as much.
- david927 5y agoThey did not cover. When enough people DRS their shares it will become clear.
- ahtihn 5y agoHow many shares need to be DRS'd?
- ABeeSea 5y agoThen how do you explain the massive drop in short interest in the graph in the sec report? Short interest can’t drop without shorts covering…
- david927 5y agoThere are many ways of hiding short positions like with ETFs. Look at the XRT (an ETF holding GME).
- ABeeSea 5y agoSo you are saying the SEC report is wrong about the short interest?
- david927 5y agoI didn't say that. I'm saying there are many ways of hiding short positions.
- ABeeSea 5y agoXRT has been highly shorted for well over a decade because pretty much all of the stocks in it are failing brick and mortars, including gamestop. What does that have to do with GameStop’s short position?
- nairboon 5y agoWhere exactly does the SEC state that the majority of all the short positions have been closed? I can't find this in that report.
- bigram 5y agoIn the section "Short Selling and Covering Short Positions" is a chart on page 27 that shows the short interest for GME. It shows the short interest dropping precipitously, meaning that the majority of positions were closed.
- rockshassa 5y agoyour account was created 5 hours ago, this was posted 6 hours ago. you seem to be quite opinionated about this topic. any reason why that is?