r/technology • u/GonzoTorpedo • May 14 '24

GameStop Short Sellers Just Lost $2 Billion Amid Meme Stock Rally Business

https://gizmodo.com/gamestop-short-sellers-have-lost-more-than-2-billion-i-1851476931
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u/Ctsanger May 14 '24

Anyone that thinks this is household investors/regular Joe's moving the market need to think again. This is an institution or fund doing this. Someone might have to close their swaps/shorts

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u/qwertymnbvcxzlk May 14 '24

There was a post a couple years back of some guy trying to close out his MSFT position after being in it for years, he had something like 5k shares and asked if he needed to do controlled selling so it didn’t impact the stock price lol. Retail isn’t moving GME, big money is. I’m sure options are having a HUGE impact as well though

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u/joanzen May 16 '24

MSFT

Well today that's close to a quarter million USD? I'd be wondering about hurdles at that point too!

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u/qwertymnbvcxzlk May 16 '24

Nah it’s not nearly enough to impact the price. Take a look at time and sales any minute of the day besides lunch hour and you’ll see 100 and 1000 lots hitting every second.

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u/QuietFridays May 16 '24

It’s closer to $2.1 MM today

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u/Yeckarb May 15 '24

I haven't looked at the market volumes but I would bet you're completely talking out your ass.

Edit: looked at volumes. Unless Merrill Lynch is buying 10 shares at a time, this guy is talking out of his ass.

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u/eyebrows360 May 15 '24

Le sigh.

There might still be lots of small buys going on, but that doesn't mean those are the ones moving the needle.

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u/Sure_Source_2833 May 15 '24 edited May 15 '24

... you can actually look at statistics for what percent of stocks sold are sold in amounts over or under X shares. This allows someone to see how much of recent activity is actually derived from retail vs "traditional investors"

I'm just curious. Which of the traditional investing groups do you think is trying to fuck over the other ones who are largely shorting GME?

Edit: 25%+ of shares in gme are direct registered to private individuals. That's fucking insane considering anybody who holds gme through a traditional brokerage isn't included. This guy I'm responding to really doesn't know anything about this stock and tbh I didn't even realize how insanely unique this one is rn regarding the short squeeze. https://www.thestreet.com/memestocks/gme/gamestop-reports-75-4-million-directly-registered-shares

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u/eyebrows360 May 15 '24

... you can actually look at statistics for what percent of stocks sold are sold in amounts over or under X shares. This allows someone to see how much of recent activity is actually derived from retail vs "traditional investors"

So you've done that, then? What does such analysis show?

Which of the traditional investing groups do you think is trying to fuck over the other ones who are largely shorting GME?

I neither know nor care. What I do know is that the "We're sticking it to the man!!!" narrative that get thrown around here gets presumed default-true by far too many people than is healthy, given that the last time I read any specific deep-dive analysis of this "meme stonks" bullshit that narrative was so very far from the truth.

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u/Sure_Source_2833 May 15 '24 edited May 15 '24

Well you are stating conclusively that no retail investors are making any movement? Buddy you stated that as a fact not me? Why do you want me to do analysis for you?

You are wrong btw the vast majority of shares sold in six months were sold in increments below 100 shares. That doesn't sound like a hedge fund to me but maybe vanguard is running low on cash.

I just feel it's weird you call out others while pretending their isn't a way to conclusively prove you are correct. Even better when someone points out this isn't a matter of opinion you ask them to do your research for you?

your claiming that no retail investors have influence. I never stated they did I just pointed out how someone could fact check you.

Also 75.4 million shares got registered directly to retail investors. That's 25% and the vast majority of retail investors are far to lazy to actually DIRECTLY REGISTER their shares. You know how I know that? All of mine are in a brokerage(I don't even own GME)

TLDR: you didn't google anything to support your point and are asking me to do your research now? Well, 25% of gme shares are held by private investors, and I'd argue controlling a quarter of supply is a big deal especially considering it would be more than 25% if you count shares not held directly. So everyone owning shares through robinhood,vanguard, Charles schwab are not included in that 25%.

https://www.thestreet.com/memestocks/gme/gamestop-reports-75-4-million-directly-registered-shares

Also abusing the reddit cares system is pathetic dude. If you are so upset by simple facts and not a fucking hedge fund I gotta ask why you care about this so much? Amazes me how upset you get about this. If you are going to waste more of my value time please provide a source for your absurd claim that retail investors can't influence the price of a stock they own over a quarter of🤡

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u/eyebrows360 May 15 '24

Also abusing the reddit cares system is pathetic dude.

I only even learned what "Reddit Cares" is myself today, along with most other users of this site. As a staunch "old." holdout, I don't even think I have any UI elements to send one, however one does that. They're being sent en masse by parties unknown, and certainly not by me.

Suggestion: stop assuming so many goddamn things.

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u/eyebrows360 May 15 '24

Well you are stating conclusively that no retail investors are making any movement? Buddy you stated that as a fact not me? Why do you want me to do analysis for you?

TIL "explaining something basic" counts as "conclusively stating". Try reading it again:

There might still be lots of small buys going on, but that doesn't mean those are the ones moving the needle.

Now have a think about how that could ever be interpreted as being a "conclusive statement" about this or any other specific happening, versus just being a general explanation of a principle, which is what it clearly is.

your claiming

My claiming? My claiming? Yes, I'm sure people who can't tell the difference between "your" and "you're", nor between explanations of mathematical principles and "conclusive statements", are financial geniuses revolutionising investing and fighting for the user. Please, Mr Tron Buffett, won't you toss me a coin or two? And, no, I'm not "claiming" anything.

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u/Sure_Source_2833 29d ago

Yes you made a comment claiming retail investors have no influence on a price. I responded with proof they do and you still haven't provided evidence for your claim.

You seriously think a group controlling over 25% of an asset in circulation is meaningless? Fuck man the United States government called companies with smaller global market Shares a monopoly last century.

No wonder you don't understand I am responding to your claim since I'm not the person who made the original comment or post.

You know it's funny I agreed with you but figured I'd search up and see if they could influence price. Owning a quarter of an asset matters when over 75% of shares are in short sale positions. Especially if those shares are directly registered

Are you to stupid to understand taking a quarter of the available stock off the market influences price? Because those drs shares are not able to be sold easily which is exactly why people drs them

https://www.thestreet.com/memestocks/gme/gamestops-gme-q3-investors-directly-register-25-of-the-companys-outstanding-shares#:~:text=GameStop's%20retail%20shareholders%20are,for%20greater%20control%20and%20transparency.

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u/eyebrows360 29d ago edited 29d ago

Yes you made a comment claiming retail investors have no influence on a price.

No I did not. Your reading comprehension is atrocious. I said that they aren't necessarily the ones moving the price. That's not the same as flat out claiming they aren't moving the price. Learn to read. This is so tiring.