This doesn't deserve a new thread so just chucking it in here. /r/wallstreetbets moderators have cleared house, nuking all mod accounts newer than 5 years. According to one of the most active...
This doesn't deserve a new thread so just chucking it in here.
/r/wallstreetbets moderators have cleared house, nuking all mod accounts newer than 5 years. According to one of the most active (former) mods this is what happened. I'm guessing that maybe the admins feel like it's time to avoid any legal repercussions and get a handle on things? What's interesting is that the admins appear to be siding with people setting up to move everyone to the newest grift, shilling some sort of DeFi token?
Anyways this pulled in about 500 comments and 4k upvotes in /r/subredditdramabefore it got nuked there too. Mod drama has previously been fine in SRD, so this smells like Reddit not wanting this to be a big deal but who knows.
The Michael Burry mentioned here is the same one whose story is told in The Big Short and its film adaptation.
one feature worth looking at is the unusual level of failures to deliver GME stock, compiled from SEC data at (wherearetheshares.com). Michael Burry reported a delay of weeks recalling his shares that had been lent out to shorts. It's definitely odd.
The Michael Burry mentioned here is the same one whose story is told in The Big Short and its film adaptation.
Which shows how long the alleged naked shorting may have been going on. r/WallStreetBets picked up on Burry’s insight here a while ago. It just started to get a lot hotter more recently. And there...
Which shows how long the alleged naked shorting may have been going on. r/WallStreetBets picked up on Burry’s insight here a while ago. It just started to get a lot hotter more recently. And there have been many who have been long on GME for a few years now (not just Burry who claims to have exited his position).
A website made by this guy where he tracks the developments concerning GameStop stock. This is the current writeup: Unfortunately, more grim than diamond emoji spam.
A website made by this guy where he tracks the developments concerning GameStop stock. This is the current writeup:
The situation (2/2 11 AM ET):
Short interest:
26.09m (51.13% of float) by S3 Shortsight (2/1), 27.04m (52.88% of float) by Ortex (2/1)
Short share public availability:
0 (Interactive Brokers)
Short share public borrow rate:
16.97% (Interactive Brokers)
Shorts appear to be exiting their positions. There's a lot of speculation about how this is happening, or whether it is truly happening at all - there are tactics that can be used manipulate disclosed short short interest - but the short interest numbers we've been following all along are definitely trending down.
How often is this site updated? As often as the data is updated. Typically this is daily, before market open.
Is the squeeze ever going to be squoze? possibly. short interest is still high, but it'll take some sort of catalyst: without one, at this point it's more likely short repurchasing continues as a gradual upward pressure, rather than a sudden mass event that causes the price to explode.
I read the whole page and I still don't get it, lol. I'm kind of glad I wasn't able to buy GME when I tried... I would've lost the $10 I wanted to "invest."
I read the whole page and I still don't get it, lol. I'm kind of glad I wasn't able to buy GME when I tried... I would've lost the $10 I wanted to "invest."
Yeah, whatever the fraction was. It was the night before Robinhood disabled buying GME. I put my order in, they cancelled it overnight, then disallowed purchasing. Later they re-enabled it, but...
Yeah, whatever the fraction was. It was the night before Robinhood disabled buying GME. I put my order in, they cancelled it overnight, then disallowed purchasing. Later they re-enabled it, but only whole shares. I don't know what the thing is now, because fuck 'em.
This doesn't deserve a new thread so just chucking it in here.
/r/wallstreetbets moderators have cleared house, nuking all mod accounts newer than 5 years. According to one of the most active (former) mods this is what happened. I'm guessing that maybe the admins feel like it's time to avoid any legal repercussions and get a handle on things? What's interesting is that the admins appear to be siding with people setting up to move everyone to the newest grift, shilling some sort of DeFi token?
Anyways this pulled in about 500 comments and 4k upvotes in /r/subredditdrama before it got nuked there too. Mod drama has previously been fine in SRD, so this smells like Reddit not wanting this to be a big deal but who knows.
Edit: Apparently the admins were trying to add the removed mods back last night with no success. And here is a response from WSB..
Looks like game over for wsb. If the mod team has started infighting there's no saving it, the trust is gone.
The Michael Burry mentioned here is the same one whose story is told in The Big Short and its film adaptation.
To be fair, this was in May 2020.
Which shows how long the alleged naked shorting may have been going on. r/WallStreetBets picked up on Burry’s insight here a while ago. It just started to get a lot hotter more recently. And there have been many who have been long on GME for a few years now (not just Burry who claims to have exited his position).
A website made by this guy where he tracks the developments concerning GameStop stock. This is the current writeup:
Unfortunately, more grim than diamond emoji spam.
I read the whole page and I still don't get it, lol. I'm kind of glad I wasn't able to buy GME when I tried... I would've lost the $10 I wanted to "invest."
Fractional share?
Yeah, whatever the fraction was. It was the night before Robinhood disabled buying GME. I put my order in, they cancelled it overnight, then disallowed purchasing. Later they re-enabled it, but only whole shares. I don't know what the thing is now, because fuck 'em.
Interesting!
The put call ratio peaked at above 2 a few days back with implied volatility at 400%.