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Not at all. Any retail investor who is following this, even in a cursory way, will know to DRS their shares and wait.
by david927 5y ago
Not at all. Any retail investor who is following this, even in a cursory way, will know to DRS their shares and wait.
- arcticbull 5y agoIt's pretty clear the GME jig is more than up. It's fascinating to see folks out there thinking the squeeze hasn't happened yet - it clearly has. The stock has fallen to less than 20% of its peak price.
- david927 5y agoThe SHF have not covered their shorts. The price movement can be related to several factors and if you want to believe that it means they've covered, you're welcome to. I would suggest reading more if you're interested. The people that are holding and directly registering their shares know differently.
- stale2002 5y agoNo, sorry. The GME mythical doomsday that they have been predicting is not going to come. There is no final reckoning, where GMR is going to shoot to 10 thousand dollars a share, and cause the world economy to crash. There was a large initial spike, in retail investment, initially, and then when the hype went down, so did the price. And that's that. The prophecy of the short squeeze isn't coming.
- david927 5y agoI'm glad you're confident. You have to understand that retail is also confident and it is directly registering its shares. When it reaches 100%, let's see.
- stale2002 5y agoYour position is not falsifiable. How long has to go on, with the prophecy not coming true for you to admit you are wrong? As in give me a date. On that exact day, I can come back to you when the prophecy did not come true, and see if you are willing to admit that you were wrong, or if you will just come up with another excuse for why the prophecy is delayed. Do you see the problem here? No matter what you say, if you give me a day for when the prophecy is going to happen, you can just make up an excuse later. That's the issue with conspiracy theories. They are not falsifiable.
- david927 5y agoYour position is not falsifiable either. Show me the proof that they've covered. Of course you can't. But you're confident anyway. Based on what? You're certainly in the minority among retail investors. That makes /you/ the conspiracy nut, not them. No one said this would take a day or a month. The expression is "diamond hands"; being patient is not easy. No one know when it will happen. But what we do know is that there continues to be a steady flow of investors whom are directly registering their shares every day.
- bigram 5y agoAbsurd. You could falsify the opposing position by providing data that shows significant short interest. Of course you will have trouble with this because all of the data confirms the opposing position. On the other hand, your position cannot be falsified because you dismiss all of the available data as manipulated without proof.
- david927 5y agoYour account is only four hours old but you have a dozen comments in this thread, all of which are desperately pleading with people that the shorts covered, there's no squeeze possible. Smells desperate.
- deleted 5y ago[deleted]
- arcticbull 5y agoWell, they suspect differently, that's not the same as knowing.
- david927 5y agoSure. There is a lot of confidence on this thread both ways. No one will know until all shares are registered, which is why there is a rush by GME holders to DRS their shares with Computershare. The markets have been corrupt for quite a while. This may be its Bastille moment.
- simias 5y agoI completely reject this both side thing. Every data point out there shows that these conspiracy theories are unfounded. Even the redditors who believe this nonsense have debunked them themselves through their own experiments (the shareholder vote, the DRS thing) and they keep pushing the goalposts. There's no global conspiracy to hide shorts of GameStop. It's flat-earth level nonsense. The SEC report spelled everything out, I suggest reading it. >No one will know until all shares are registered So we'll never know, because it's obviously not going to happen. Retail doesn't even own half the shares, if redditors manage to hit 10M shares registered I'll be impressed. I really didn't expect to read this drivel on Hacker News frankly.
- ahtihn 5y ago> The SHF have not covered their shorts What is a "SHF"? What data do you base this on? Last I checked, short interest is around 20%.
- ricardonunez 5y agoThat's the public information available. There are many ways of hiding short positions like with ETFs. Look at the XRT (an ETF holding GME). Note, I have GME in my portfolio, there's more to GME than the squeeze.
- ahtihn 5y agoWait for what exactly?
- david927 5y agoThe more that directly register their shares, the smaller the pool to manage the price. It doesn't have to hit 100% for there to be an effect. But if it ever does hit 100%, the price has no upper bound.