2024 GME
When short sales had accumulated up to close to 100%, Reddter caught their eye, and they were bought in large quantities to cause a short squeeze, and stock prices skyrocketed
Shorts, who were impatient with that, sold out and stock prices fell
Rumors are that the festival is still going on and sales may go out again in the early pre-week
It's getting pretty interesting![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
mil0OP : Slight correction
The Up-Tick Rule will be triggered and hedge funds will be restricted from short selling until 3:00 on Tuesday
If so, sales may go out after Tuesday.
kenau : The fact that restrictions are placed on short sales means there is a high probability of an increase on Monday
mil0OP kenau: Seemingly, it looks like they're going to be bought a lot from pre on Monday
As a hedge fund, I want to aim for delisting by making it less than $1, so I feel like it's going to be a volatile market with a big increase and a big drop
kenau mil0OP: I don't think there are any advantages to delisting, but does aiming mean that there are any advantages
mil0OP kenau: Originally, performance was poor, and it was sold short in large quantities in anticipation of delisting.
However, their eyes were on Redditter, and the stock price was raised by Buy & Hold, and large losses are now expected due to short sales buybacks.
As a hedge fund, it's like lowering the price, delisting it, and reducing the buyback to 0, or giving up and buying back to make a big loss.
Incidentally, stock prices will skyrocket due to this buyback, so Reddter is aiming for that.
kenau mil0OP: Does it mean that when the listing is delisted, the remaining short sales will be reset, and then the desperate short sale is understandable. Who will be responsible for the remaining short sales due to delisting, which has become a problem,
mil0OP kenau: There was a slight misnomer.
It looks like it's being traded at the last minute price (excluding fees), so it feels like a buyback close to 0.