If anything, it would make me a hedge fund. 
lol if only. . . .
Some current news.Share price at this moment is $177.1
Ryan Cohen to Become Chairman of the Board Following Annual Meeting
Older news from the second surge. One author is saying that the second surge is unlike the first surge since the short sales have mostly played out. The second surge was more generic.
Some of the Redditors in WSB decided to adopt gorillas. In a video, the head of the organization thanked the WSBers for saving the gorillas. Last I read, they had donated over $100K to adopt gorillas.
Plotkin’s Melvin Capital Extends First-Quarter Losses to 49%
Melvin Capital is the hedge fund that had huge losses for shorting on Gamestop early in this saga.
More short sell losses totaling $930M for GME and AMC in the last 5 days. Current stock price for GME is $179.50. Why do they keep doing this?!
My very casual and possibly totally incorrect understanding is this: essentially, these are the original shorts, not new shorts. The stock market is more or less conspiring to let these companies hold onto these shorts well past their due date so that the hedge funds and the market can try to convince the people holding GME that the great squeeze was over and they could sell (for less). There was this big push back in January where every financial news outlet reported, in almost the exact same language, that all the short positions were closed out. And then we found out later that they very much were not. So we’ve had a months-long staring contest where the market pretends the whole thing is over with and the shorts are closed, and reddit isn’t budging.
It seems credible to me - again with a very casual understanding - since we know that financial news entities were lying on behalf of the short position holders early on, and… well… if that’s not what’s happening here, why does GME stock keep undergoing all these weird fluctuations? If all the short positions were closed out months ago it should’ve crashed back down to $5-10 and stayed there.
Interesting! Makes sense. How did the stock go from from over 100% short sold to all the hedge funds saying they closed out their short positions without affecting all the stock? That didn’t make sense at the time.
This is the part that bugs me. There’s no transparency about what percentage of the stock is short sold. The different reports say different things. These are public stocks and the hedge funds are trading in public stocks. I think there should be more transparency about their positions, if only for the people who are invested in the hedge funds.
I believe that the current theory is that they were creating a huge amount of naked short shares out of thin air. When the price was $2 they bet big that they could bankrupt the stock and it would hide the naked shorting.
There is currently a proxy vote that is due to end June 9th. If the proxy vote ends up with say 200% of shares voting, the shit is supposed to hit the fan. YMMV
That would be hilarious. But seems unlikely since the shares that are short sold don’t seem to have owners. My theory is that they were created in the lag between sale and settlement date that never fully settled.
If the stock brokerages really sold shares that didn’t really exist with ownership rights and everything, that would be incredible. Is there evidence that this may have happened? I haven’t been following it that closely.
Just happened to check the Gamestop stock price. It’s at $300 even (I wonder how often an even number like that shows up) at the close ahead of the earnings report on Wednesday. It’s been as high as $483 in 2021.