Pip
Registered User
I mean any money put into this the person should be fine with potentially losing all of it. It’ll be interesting to follow this week.
GME - GameStop Corp Shareholders - CNNMoney.com
Retail investors own only a combined 15.9% stake in Gamestop. Mutual funds own 53.32% and the rest is owned by other institutions.
The biggest winners in this whole ordeal will be Blackrock/Fidelity. Blackrock is already selling off their shares, -20.35% of their shares sold. That's what's driving the price down probably.
This whole idea that its retail investors that are doing this squeeze seems like a great big myth. But someone can correct me if I'm wrong, I'm not going to claim that I'm a financial expert (I'm not) and I'd love to hear from someone who is actually an expert in these things.
What if GME issues common stock though that will cover some of the float? They have financial issues right now and that money they would generate could help them recover.you are correct retail investors will never own the majority of the stock. Here is why GME could be different (however won’t be because the majority of retail investors are like yourself which is not a bad thing)
GME was shorted 140% of its float. So there are short calls on 40% shares more than available. So in theory if retail held 16% that’s 56% short calls that can’t be filled.
now depending when the calls are due this could present a big problem for the “shorts” if they need to fill the contracts.
I mean they could fill some and those people sell and you complete the lop that way but that should send the price higher.
So the theory is correct however the majority of retail investors as don’t have the balls and big money always wins. It’s a nice story but it won’t end well.
the thing to remember when doing shit like this is there is a difference playing against someone using the rules and playing against someone who can make the rules.
big money has too much power and influence to let the little retail guy win.
You are right, I can't find anything online that it's retailers that are driving SLV up. Just unsourced articles.It’s weird major new outlets in US and Canada trying to convince people that redditers are making a play for silver now. There isn’t one thread on that site say move to silver and yet a bunch of news outlets are reporting that. Guess who owns the majority of silver....
So either these news outlets aren’t doing their research or due diligence and copy and pasty articles from other news sources or they’re being paid to run these fake storeys.
Very strange though.
I think most of them are just trying to push out a story because others are reporting on it and not actually doing any research. If you are going to make a claim that it's retailers driving the price of SLV you should actually find out how many retailers are buying SLV. It's pretty irresponsible for CNN and Bloomberg to not include any source to the claims.Hard to know if these news outlets are knowingly pushing these lies or are just stupid enough to believe it.
It’s weird major new outlets in US and Canada trying to convince people that redditers are making a play for silver now. There isn’t one thread on that site say move to silver and yet a bunch of news outlets are reporting that. Guess who owns the majority of silver....
So either these news outlets aren’t doing their research or due diligence and copy and pasty articles from other news sources or they’re being paid to run these fake storeys.
Very strange though.
Have they recovered?The markets are stable today thank goodness.
Last Friday, my TFSA And RSP mutual funds got hit with massive losses
Have they recovered?
I have a wealth simple trade account that I use to play around with just for fun, thinking I may buy some AMC and see what happens.Today is fine, rest of the week who knows
What if GME issues common stock though that will cover some of the float? They have financial issues right now and that money they would generate could help them recover.
You are right, I can't find anything online that it's retailers that are driving SLV up. Just unsourced articles.
Ouch the gamestop bubble about to pop