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GME tumbled after uneventful annual meeting: Is the hype fading?
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$Faraday Future Intelligent Electric Inc.(FFIE.US)$ Read This. Then share this 🦍💎🦍💎🦍💎 Just for the people that don’t understand what needs to happen the next few trading days: Imagine you're playing a video game where you can borrow items from a friend to sell them, hoping their price will drop soon so you can buy them back cheaper, return them, and keep the difference as your profit. This is like a "short transaction" in the stock market. Now, let's say you borrowed a game item (like a rare sword) and sold it, but when it's time to buy it back and return it, you realize you don't have enough game coins. This is what "failure to deliver" means in the finance world. You promised to return the item, but you can't because you don't have it or the money to buy it back. For the FFIE company's stock, it's like almost everyone has borrowed and sold these rare swords, expecting the price to drop. But suddenly, everyone needs to buy them back quickly because they promised to return them soon. Here's the catch: there are specific days when a lot of these swords need to be returned. - On the **23rd**, players need to return **1.48 million** swords. - On the **24th**, it's **2.47 million** swords. - On the **28th**, which is also a big meeting day for the game creators (earnings call), it's **4 million** swords. - On the **29th**, **3.2 million** swords. - And on the **30th**, a whopping **5 million** swords. If they can't return the swords, they have to pay up with game coins, which can cause a big scramble because everyone is trying to buy back the swords at the same time, potentially driving up the price. That's why these days are super important, and everyone is watching to see what happens. Will the price go up because everyone's buying? Will players have enough coins? It's a tense time in the game! 🎮📈 Reposting because this is a good explanation
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