gme short squeeze reddit

Want to know what’s going on and what you should do with it. Jan 26, 2021 | 0 comments. What GME is going through is an epic short squeeze, because there’s more than 100% short interest. So let’s say those shorting GameStop are also shorting amc, bbby etc If reddit pulls this off and basically bankrupts these short sellers what effect does that have on the other stocks they’re shorting? Interest in AMC Entertainment, the US cinema chain which was also subject to the Reddit “short squeeze”, approached similar levels, attracting millions of UK queries. The GameStop Stock Short Squeeze Is Driven By Reddit Users : The Indicator from Planet Money The price of GameStop shares have surged this week, in part because of something called a short squeeze. The short-squeeze play continues for longer than bears would like. When markets closed on January 14, GameStop doubled its share price. Its stock price will reflect that. Hello all, Before I begin I would like to address something I have been encountering on my posts in the comments section. 5 Top Reddit Stocks To Sell After The Short Squeeze Don’t be left holding the bag when these Reddit stocks come crashing down By Ian Cooper Feb 3, 2021, 12:49 pm EST February 3, 2021 And then, to close out his position, the short seller will have to buy in the market and return the shares. GME Short Float as of December 2020 (Source: Yahoo Finance) WallStreetBets Momentum. SwaggyStocks, one of the best Reddit stock trading sentiment aggregators on the internet may have predicted this move in the GME stock. It’s one of those confluence-of-events types of scenarios where everything’s set up just so, and the setup is so widely followed that it takes on a life of its own. The first thing is that talk of another short squeeze did not magically appear on Wednesday. If you are not familiar with this saga, feel free to catch up: First Mention Short Squeeze Explanation and Initial Thoughts Timeline and Predictions Around Earnings GME Short Squeeze What Comes Next Part 1 GME Short Squeeze What Comes Next Part 2 GME Short Squeeze What Comes Next Part 3 GME Short Squeeze … Be that as it may, I remain concerned about complacency in the markets and overstretched valuations, plus the potential return of inflation. In the short sellers’ scramble to cover their shorts, the GME price rises further. The iShares Silver ETF popped on speculation that it has become the target for the next Reddit short squeeze. Moral of the story, if you drive the price up, you will force short positions to either cover or double down. This was a very early bet, and one that would take 1yr+ to play out. GME Short Squeeze What Comes Next Part 3. I keep receiving some hate concerning my opinions and I want to be crystal clear that they are just that; opinions. We’ve been getting some questions on Gamestop, GME. The recovery so far this week wasn't entirely surprising either. For the first time in financial history all GME call options are in the money (ITM) because the highest call strike price set … Context What happened last week with GME stock price and option was a combination of a gamma squeeze [1] and infinite short squeeze [2]. When you buy into a market that’s already going up, you’re going to push the price up further. Hedge Funds. ... As a result, the overall performances of ETFs with high exposure to GameStop will largely depend on GME’s future, whatever it may hold. Having a high short float by itself is not enough to keep the short squeeze going. Collectively, they were short more than 100% of the outstanding shares for GME. Therefore, in a short squeeze, the short sellers risk bankruptcy even if they are ultimately right about the fair value of the stock. Because stock prices have unlimited potential to rise, the short seller is exposed to potentially unlimited losses. In industry terms, the short interest was >100%, so all it would take to cause a short squeeze and price spike would be… a lot of people buying at once! Mark Hulbert Opinion: Short-sellers were pulling back even before Reddit’s GameStop squeeze Last Updated: Feb. 2, 2021 at 2:46 p.m. Users of social site Reddit followed up and members of the subreddit WallStreetBets also joined in on January 13, praising the move and encouraging each other to squeeze short-sellers out of their bearish positions. Even before the short squeeze, there had been interest in GameStop (ticker symbol: GME). The short was already happening to the GameStop stock before the Reddit folks stepped in. The Reddit-fueled short squeeze in GameStop, AMC and other stocks has raised many questions. THIS is what causes a short squeeze. The 29 Reddit stocks with short interests in excess of 30% (see previous TalkMarkets article here) have declined 3.8%, on average, in the past week with 12 advancing. The case of GME is extremely interesting because there is over 100% short interest, meaning there are more shorts than actual volume. Reddit traders sparred Wednesday over which short-squeeze target should take priority on the message board following Rocket Companies' huge rally a day earlier. The next day, following the dramatic intraday 200pct rise and fall of GME on January 25 th, it appeared to many as if the squeeze was over. However, at SpotGamma we observed that the number of put options traded increased sharply. On a quantitative basis, the initial gamma squeeze seemed to reset and short covering subsided. Every month, u/DeepFuckingValue would post his “YOLO Updates” on subreddit /wallstreetbets. Keith Gill, known by the Reddit username "DeepFuckingValue" and the YouTube and Twitter alias "Roaring Kitty", purchased around $53,000 in call options on GameStop's stock in 2019 and saw his position rise to a value of $48 million by January 27, 2021. GME stock is on fire thanks to a Reddit rally and the cult of r/WallStreetBets. ET First Published: Feb. 2, 2021 at 7:05 a.m. Here are the top GameStop stories moving the market today. **Warning: This is a very risky play, trade at your own risk** Hello, All! The squeeze refers to the role they took in it. In the long term, this retailer’s fundamentals are showing potential upside. Buying up all the call options put the squeeze on short sellers to buy more to cover themselves, and that just intensified the pressure. I didn't call the GameStop short-squeeze, but I had called last week's downturn for a while. You can read more about what a “short squeeze” is and what that means in this particular scenario here. The Reddit army may be hoping for another short squeeze after the GameStop share price more than doubled overnight. Could be chaos as these hedges have to liquidate whatever they have to cover those calls. Citron Research's Andrew Left said he was abandoning the trade "at a loss 100%." Here are 3 takeaways for financial advisors and their clients. Calling The GameStop Short-Squeeze. Traders from WallStreetBets trigger a giant short squeeze on GameStop stock : Planet Money Video game stores. The hedge funds make themselves easy marks for the millennial message boarders on Reddit. You should be careful with it so there’s a Reddit forum called Wall Street Bets. How this mad lib resulted in the biggest short squeeze … While the big boys were out shorting this stock, a group of Reddit traders, known as WallStreetBets have been predicting this for many months. Today's Top Deal Amazon shoppers … This is a “short squeeze”. Hubert Senters here. GME quickly shot past $150, with many fans expecting it to reach new highs as the short squeeze continues. Reddit forums. There’s no simple reason that Gamestop (NYSE: GME) became the subject of the most high-profile short squeeze anyone can remember. GME Short Squeeze. ET This is also why you can’t expect it to happen over night. I also want everyone to know that is is meant to be a dialog. Could anyone see this recent squeeze coming? Reddit Stocks, WSB and Short Squeeze 2.0 So what else do you need to know right now?

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