Finished my Hades arcade build. What do you guys think?
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GameStop to Rebrand EB Games in Canada
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4: Statement of changes in beneficial ownership of securities
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GameStop Reports Fourth Quarter and Fiscal Year 2022 Results
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The SEC is adding exceptions for Citadel & friends in this re-proposed rule (S7-01-23). What is the purpose of the rule if market makers are exempted? TIME TO COMMENT!
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ADHD Simulator
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GameStop Announces Release Date for Fourth Quarter and Full Year Fiscal 2022 Results
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Why GME?
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DAMNIT
If they took it out 2 years ago when the price was higher, wouldn't the short position be in the money?
"Just don't...dance." Over two years ago, Credit Suisse took a 216 million share short position in Gamestop stock (GME). This means they sold 216 million shares of GME without owning the stock. Yes, you read that right. In the stock market, you can sell what you don't own--as long as you "promise" to buy it back at a later date. This I.O.U. strategy is used if an investor believes a stock is over-valued. They "short it" --sell it first and then hope to buy it back for a lower price at a later date. The lower the share price goes, the more the short-seller can profit. Should a company go bankrupt, the I.O.U. is effectively canceled, and short sellers make 100% pure profit-with no initial investment at all. Think about that: our stock market provides a way for investors to profit off of a company's demise, and they don't even have to have skin in the game. I'm what you call a Long investor. I buy a stock and, hopefully, sell it for a higher price some time in the future. It seems wrong to sell something I don't own and counterintuitive to invest in companies I hope will fail. It took me a while to fully comprehend short-selling. Hedge funds have no qualms about short selling, and many purposely target vulnerable companies. Why? Because a falling share price is harder to contain. And once a stock's share price starts to fall, it can have a domino effect-particularly if there is high short interest. Moreover, short sellers can use the laws of Supply and Demand to their advantage. Every time a short seller initiates a position in a stock, it is a 0:1 transaction. They sell a share they don't own-otherwise known as a "synthetic" share. Synthetic shares create an illusion of excess Supply when compared to Demand. If short-selling was represented as a see-saw with Supply and Demand on opposite ends, the Supply side would always be "heavier" and closer to the ground. Always. More Supply/Less Demand = prices go down. In this way, short-selling artificially depresses a stock's share price. Now back to Credit Suisse and their large short position in Gamestop stock. Those 216 million I.O.U's still have to be purchased. That's 216 million guaranteed buys-no matter how high the share price goes. Does any of this sound familiar? Oh yeah...that's what was SUPPOSED to happen back in January 2021. Every single share of GME stock had been sold short multiple times-aka "naked" shorting. In December 2019, Morningstar reported GME's short interest at over 300%. Greedy hedge funds pocketed millions and millions of dollars selling stock they didn't own and never intended to purchase. The goal was to bankrupt Gamestop. Just like they did with some other well-known-but-now-defunct companies. It worked before; why shouldn't it work now? They weren't prepared for Ryan Cohen, Roaring Kitty, and a slew of informed retail investors beating them at their own game. But...they couldn't let that happen. When the share price of GME rightfully exploded due to the extraordinary number of short positions that needed to be covered, the hedge funds and brokers changed the rules mid-game. They initiated an unprecedented one-way halt in trading. Only short sellers were allowed to purchase GME shares. Remember, these were not "new" Buys-these were I.O.U.'s that needed to be made whole. When Long investors were restricted from buying shares, Demand flat-lined. The share price was absolutely decimated-as intended. Had they not stopped retail investors from buying GME, our house-of-cards financial system would have collapsed in 2021. Now the unscrupulous short sellers have had over two years to figure out how to save themselves. Recent developments within the banking industry lead me to believe they haven't learned anything. They've only made it worse. For example, Credit Suisse used a two-year "bullet swap" agreement to hide their GME short position with another financial entity. But that swap has now come due. And somebody's going to have to pony up for 216 million shares of GME. So let's recap: 216 million shares that MUST be purchased...from a trade-able float of about 185 million shares. That's over 100% short interest...again. And that's just ONE bank.
216 million pre split or post? 2 years from when?
Got one at the start of the pandemic. Best investment.
Mfw hodling bankrupts Switzerland.
Hopefully people on the fence are seeing fuckery from brokers again, banks being sus af, and realizing DRS is the only way
This kinda works
GPT4 email body based on the post content:
anyone else repeat the places and names of people in books like a song earworm?
Alright Maxi
Hey OP, thanks for the News post.
Damn!