Correct. They borrowed. Sold. Borrowed from whom they sold to “hey. I’ll pay you 40% if I can borrow these for a month”.
Then. Things got real and there wasn’t enough to cover the blocks. Thus. Shorted. > On Jan 28, 2021, at 1:42 PM, Robert Andrews <[email protected]> wrote: > > Thanks, now I understand the 140% position.. Hedge fund went to who they > sold the blocks to and borrowed from _Them_... Alice down the rabbit hole. > I'm betting drugs were involved... > >> On 01/28/2021 10:38 AM, Matt Hoppes wrote: >> Exactly.... the only one who makes out is the Shorter IF the stock goes >> down. If it goes up the shorter is massively in trouble. >> now rinse and repeat this several times WITH THE SAME BLOCKS and you have >> how we got to 140% shorted. >>> On 1/28/21 1:36 PM, Robert Andrews wrote: >>> i.e. Caleb wants to screw _both_ Nathan and Jason ( who both used to have >>> $10 blocks ) Shorting is like playing the No Pass side in Craps.. >>> >>> On 01/28/2021 10:23 AM, Matt Hoppes wrote: >>>> >>>> >>>> >>>> Here’s a quick examination of what’s going on. >>>> >>>>> On Jan 28, 2021, at 12:31 PM, David Coudron >>>>> <[email protected]> wrote: >>>>> >>>>> >>>>> >>>>> My wife has been following this, so I am relating second hand >>>>> information. This is the way I understand it. >>>>> >>>>> A hedge fund guy has been bashing game stop for some time. Says business >>>>> is outdated. Terrible stock, etc. Turns out the his fund owned a >>>>> bunch of it and had been betting on it going down and short sold it. >>>>> Gamers got pissed about bashing game stop and organized a buy of a bunch >>>>> of stock. Stock price went way up, and now the hedge fund who had short >>>>> sold it, had to buy back at high prices. Lost $10 Billion last time she >>>>> looked. They stepped in to keep the hedge fund from collapsing. >>>>> >>>>> That is what I understand anyway. >>>>> >>>>> Regards, >>>>> >>>>> David Coudron >>>>> >>>>> *From:* AF <[email protected]> *On Behalf Of * Steve Jones >>>>> *Sent:* Thursday, January 28, 2021 11:26 AM >>>>> *To:* AnimalFarm Microwave Users Group <[email protected]> >>>>> *Subject:* [AFMUG] Ot: gamestop >>>>> >>>>> Can someone break this down for me to a window licker level of dumb? >>>>> >>>>> If i understand it, hedgefund operators banked on the price going down, >>>>> so shit posters rallied together to drive it up, and on friday the >>>>> hedgefund operators are forced to purchase at the inflated price? Is this >>>>> the gist? >>>>> >>>>> Now government is trying to step in to protect the hedgefunds from the >>>>> shitposters? >>>>> >>>>> -- >>>>> AF mailing list >>>>> [email protected] >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>>> >>> -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
