I think I figured out why $GameStop (GME.US)$ and other rela...
I think I figured out why $GameStop(GME.US$ and other related tickers are always so red when the main market is green... hedge funds are using their long positions (the magnificent 7) as collateral to short retail stocks while also using short positions as collateral to buy the mag 7 stocks long on margin. If NVDA earnings on Wednesday disappoint, I expect GME will be green on Thursday and Friday.
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johnwesleyc : this is great because 75% of the time nvda tanks on earnings
EthiCapitalistOP johnwesleyc: Ikr?
Blazethebeagle : Nvda will not fail lol
FB17 : Today is also personal, last week GME and AMC were doing the same because the basket was being shorted, today AMC is up 5% and GME is down 5% because they didn’t like that they were not able to get us below 20 on Friday. So all their shorting powers is here right now. If we keep on holding, they’ll get frustrated, frustration leads to anger, anger to hate and hate to make mistakes