Shorted Stocks

Phoebas

Shedite27 wrote: »

There's no point in talking about book value for GME, this is an exceptional circumstance, it'll go to book value eventually, it's what happens between now and then that you need to figure out

Important for anyone new to this game buying in now to understand what their shares will be worth if they get their timing wrong.

Shedite27

Phoebas wrote: »

Important for anyone new to this game buying in now to understand what their shares will be worth if they get their timing wrong.

True, I've always said GME could be about $30/40, so you're right, anyone buying in here and not selling in time could lose 90%

social.lite

gmedd.com lists a conservative but bullish value of $170.

That was before all of the craziness and the current stock price. Their financial year ends on Sunday night. They have serious leverage now to make good moves and get a huge cash injection.

if they make an announcement on Monday morning, chances are the "real value" will shoot up past $200 at least, and the squeeze will continue.

social.lite

It seems highly unlikely that they closed their position.

They "closed" on Tuesday night, but didn't announce it till it was reaching peaks of $350. Is that not a bit suspicious?

They're also paying for ads on CNBC that say they've closed their position.

Why would they do that?

Timing belt

social.lite wrote: »

gmedd.com lists a conservative but bullish value of $170.

And with valuations like this its no wonder why the company was shorted in the first place :rolleyes:

I value Debenhams at 150 on past performance.... Oh wait they are gone.... I value top shop at 100.... oh wait they are gone also...

Timing belt

social.lite wrote: »

It seems highly unlikely that they closed their position.

They "closed" on Tuesday night, but didn't announce it till it was reaching peaks of $350. Is that not a bit suspicious?

They're also paying for ads on CNBC that say they've closed their position.

Why would they do that?

So if they announced they closed out and didn't actually do so we will see some jail time for the hedge funds as this is Fraud and will be investigated.

Where is the evidence that they have paid CNBC to say they closed their position?? is it a post on redit by a rival hedge fund trader possibly!!!

PaddyTheNth

Shedite27 wrote: »

True, I've always said GME could be about $30/40, so you're right, anyone buying in here and not selling in time could lose 90%

My fair value finger in the air price would be $20, with $40 being the upper limit of optimism.

social.lite

I'd bet any money it wont drop below $100 for a long time

daheff

Timing belt wrote: »

139% was the short position @ 31/12/2020 the latest published holding was 61m @ 15/01/2021 and this was published on the 27/1/2021.

Why have they only reduced there exposure @114?? You don't know what blended price they have close out at as there is enough volume to enable them to close out 6 times so it could be anywhere from 38 on 29/1 to 400.

Then again they may not have closed out yet or maybe they did and shorted again.

Ok, so I don't know what they've done. Whether they have closed or not, or even at what blended price.

But looking the last few days, if they have covered the best they could have done so in the market was around 114.

Now if they've bought calls that are now itm the shorts are fine....but the call writers aren't. Either way somebody needs to buy stock.

You factor in how much stock was bought /sold by retail investors and it's reducing the likelihood that the shorts are out.

Think about how many other stocks are dropping because (probably) the hedge funds are dumping stock to cover margin calls & fees, again probability indicates there's a lot of shorts still there.

daheff

social.lite wrote: »

I'd bet any money it wont drop below $100 for a long time

You missed a zero
$1000

Shedite27

social.lite wrote: »

I'd bet any money it wont drop below $100 for a long time

The March 19 puts at $20 were flying on Friday. A lot of people think it'll be below that by then

crushproof

I reckon the fun is over, it's a dangerous time for the small man.

I think of folk are going to lose their money as the price plummets over the next few weeks. I'm out of all the reddit stocks now, I could be wrong but judging by how relatively quite Friday was I can't imagine it picking up on Monday.

Back to the steady stock picks for me!

social.lite

crushproof wrote: »

I reckon the fun is over, it's a dangerous time for the small man.

I think of folk are going to lose their money as the price plummets over the next few weeks. I'm out of all the reddit stocks now, I could be wrong but judging by how relatively quite Friday was I can't imagine it picking up on Monday.

Back to the steady stock picks for me!

Relatively quiet to me meant a very strong resistance to the massive manipulation going on. Robin hood user were limited to 5, then 2, then 1 share during the day.


Lots of people were unable to buy, a huge attack from the shorts and the media, and the price didnt flinch. Seems like a good sign to me

shakedown

social.lite wrote: »

I'd bet any money it wont drop below $100 for a long time

Depending on your definition of a long time, ill take that bet.

Timing belt

daheff wrote: »

Ok, so I don't know what they've done. Whether they have closed or not, or even at what blended price.

But looking the last few days, if they have covered the best they could have done so in the market was around 114.

Now if they've bought calls that are now itm the shorts are fine....but the call writers aren't. Either way somebody needs to buy stock.

You factor in how much stock was bought /sold by retail investors and it's reducing the likelihood that the shorts are out.

you have no idea who is on the other side of your trade when you are buying or selling.... retail could be selling to hedge who uses shares to reduce short with broker who then sells back to retail.

Think about how many other stocks are dropping because (probably) the hedge funds are dumping stock to cover margin calls & fees, again probability indicates there's a lot of shorts still there.

Believe it or not there was a lot of economic data out during the week which made hardly any news headlines because of Redit.
e.g.
US GDP 4% 4.2% was expected
Euro talking about cutting rates again to weaken Eur to USD. (Euro goods cheaper in america = less growth in USA)
Vaccine news

But as you say its probably noting about this and is all down to the hedge funds liquidating stock to cover the shorts.

daheff

Timing belt wrote: »

you have no idea who is on the other side of your trade when you are buying or selling.... retail could be selling to hedge who uses shares to reduce short with broker who then sells back to retail.

Agreed. As a buyer or seller I've no idea who is on the other side of my trade.

Balance of probability is that shorts are still short more than the float.

Lots of retail investors are buying & hodling. Yes some are selling too.

You have to ask if you think the shorts can afford to buy back at these prices (& crystalize massive losses), or hold out & pull every trick they can to convince investors they aren't short anymore... And eventually get out at a much better price when the price collapses (as it will eventually).

There were ads run on CNBC to say Melvin covered their short position. This is a very unusual move

Let's say they have covered their shorts. Why would they spend money running ads to say this? Ads cost money...what's their return? If they wanted to send a signal to their investors surely they could email them instead...much more cost effective and targeted.

Why would citadel want to publicise they don't have shorts anymore? Why would they care about the retail investors losing money on a short squeeze that's no longer coming? I can't see a reason for it. Somebody help me out on it.

I can only surmise an alterior motive at this point.

I've posted I've got 3 shares at 305ish. I've got skin in this game, but I'm happy to lose it all if I'm wrong on this line of thought.

TheW1zard

I'll be looking to make money when it drops

daheff

So not so sure how accurate this website is, but it is implying shorts are even shorter

https://financhill.com/most-heavily-shorted-stocks-today


IF.....If this is accurate, then my take is more big hedgefunds are shorting now @300 ish, hoping the squeeze happens quick & sharp and they can gain from the eventual price drop.


I'm thinking Tuesday is the day, as that's when call sellers need to deliver shares.

Anybody with a different take on this please correct me.

Unless the price goes mental tomorrow I think I will hold until at least Wednesday to see what happens. That said, I'm in for the roller coaster and don't mind if I lose it all. If I needed the money I think I would cash out at a profit tomorrow.

bish76

GEVO- is it shorted / pump and dump?
For the nine months ended 30 September 2020, GevoInc revenues decreased 72% to $5M. Net loss increased 1% to$22.1M. Revenues reflect Gevo Development/Agri-Energysegment decrease of 77% to $3.8M, Gevo,Inc segment decreaseof 13% to $1.2M, United States (Country) segment decreaseof 76% to $3.9M, other segment decrease of 17% to $1.2M.Higher net loss reflects Gevo,Inc segment loss increase of1% to $9.5M.

Share price went from $1.0 last year to $4.0 at beginning of Jan and now running around $12-13 ? I know with Biden in charge there is focus on renewal energy but the pump seems disproportionate.

Slipperydodger

TheW1zard wrote: »

I'll be looking to make money when it drops

Are you shorting it? Extremely high risk. Do you have an American account? Not possible to short a stock in Ireland.

Shedite27

Slipperydodger wrote: »

Are you shorting it? Extremely high risk. Do you have an American account? Not possible to short a stock in Ireland.

You can buy puts for it if you're planning on shorting. Pay about $400 now and collect 4/5 times taht if it drops to $20 by March. Collect zero if it doesn't drop.

TheW1zard

Slipperydodger wrote: »

Are you shorting it? Extremely high risk. Do you have an American account? Not possible to short a stock in Ireland.

Cfds on capital.com

Mad_maxx

Shedite27 wrote: »

You can buy puts for it if you're planning on shorting. Pay about $400 now and collect 4/5 times taht if it drops to $20 by March. Collect zero if it doesn't drop.

both calls and puts are very expensive on GME , reflects both the level of volatility and interest in this story right now

cc87

bish76 wrote: »

GEVO- is it shorted / pump and dump?
For the nine months ended 30 September 2020, GevoInc revenues decreased 72% to $5M. Net loss increased 1% to$22.1M. Revenues reflect Gevo Development/Agri-Energysegment decrease of 77% to $3.8M, Gevo,Inc segment decreaseof 13% to $1.2M, United States (Country) segment decreaseof 76% to $3.9M, other segment decrease of 17% to $1.2M.Higher net loss reflects Gevo,Inc segment loss increase of1% to $9.5M.

Share price went from $1.0 last year to $4.0 at beginning of Jan and now running around $12-13 ? I know with Biden in charge there is focus on renewal energy but the pump seems disproportionate.

Although biased here's a recent investor presentation by GEVO
https://investors.gevo.com/_resources/presentations/corporate-presentation.pdf.

And a recent article around GEVO https://stocknews.com/news/gevo-shecy-ahksy-tryiy-does-renewable-chemical-stock-gevo-belong-in-your-portfolio/
I think they are around 15% short interest.

Some of their production was suspended last year due to reduced demand which would have affected their revenues. Just signed their biggest contract to date in December plus financed their next facility and more off the recent stock offering. The share price at the moment likely reflects the potential they have as a company I think.

For me I've made back my original investment in them so will hold the rest long term and see where they go.

Jimbobjoeyman

Shedite27 wrote: »

You can buy puts for it if you're planning on shorting. Pay about $400 now and collect 4/5 times taht if it drops to $20 by March. Collect zero if it doesn't drop.

even if it drops to 20 by March with a premium that high it still puts you at a loss at the cuurent price of approx 350.

As Mad_maxx said options are too expensive right now and CFD's arent really viable unless you have the cash to ride out the possible downside and extortionate fees to keep a position open.

Shedite27

Jimbobjoeyman wrote: »

even if it drops to 20 by March with a premium that high it still puts you at a loss at the cuurent price of approx 350.

As Mad_maxx said options are too expensive right now and CFD's arent really viable unless you have the cash to ride out the possible downside and extortionate fees to keep a position open.

Yeah they're not for me, but I was responding to someone who wanted to short it, if you are looking to profit from Gamestop's demise, the puts are the only safe way to do it. I agree, it's a bit rich for the risk

TheW1zard

GME going nowhere premarket

TheW1zard

TheW1zard wrote: »

GME going nowhere premarket

it's up 5%?

Banana Republic 1

Anyone looking at Hugh Fruit Inc

Tails142

Anyone who stops to think about it can see widespread passive investing in index funds is problematic.

Came across this post on reddit that made me pause, to the moon boys lol

Bloomberg says this (among other things):

The S&P 500 Index is an index of, roughly speaking, the 500 biggest U.S. public companies by market capitalization. GameStop is not in that index, because a month ago it was a small company, in the index of 2,000 small companies. Now it is—measured by market capitalization, though nothing else—a big company. If the redditors can hold on long enough, can they get GameStop added to the S&P? Can they turn it into a big company just by bidding the stock up? If they can, then S&P 500 index funds will be forced to buy it, no matter the price, and all the redditors who brought it here can get out at a profit. And they will have a big and permanent win, and also the current version of financial capitalism—the index-fund version—will collapse in absurdity.

https://www.google.com/amp/s/www.bloomberg.com/amp/opinion/articles/2021-01-28/knowing-when-to-sell-gamestop-stock-at-the-top-is-impossible

Jimbobjoeyman

Tails142 wrote: »

Anyone who stops to think about it can see widespread passive investing in index funds is problematic.

Came across this post on reddit that made me pause, to the moon boys lol

The S&P is based on more factors than just market cap.
This is very unlikely to be added without a genuine fundamental turnaround.

TheW1zard

Flynn Wailing Gooseberry wrote: »

it's up 5%?

No moon landings today I meant!

supersonic21

Shedite27 wrote: »

You can buy puts for it if you're planning on shorting. Pay about $400 now and collect 4/5 times taht if it drops to $20 by March. Collect zero if it doesn't drop.

which do you use to buy puts?

Shedite27

supersonic21 wrote: »

which do you use to buy puts?

Interactive Brokers.

daheff

anybody know any more about the reported Yellen/SEC meeting?

ardinn

daheff wrote: »

anybody know any more about the reported Yellen/SEC meeting?

You got roasted aswell as me then :pac:

Jacobs_Stripe

Hi all,

I am new to trading and downloaded Interactive Broker and I'm feeling very frustrated with it. I am in Ireland and it appears the only platforms which allow Irish people to trade HCMC is Trading 212, Degiro & IB.

Trading 212 - Isn't opening new accounts at present. I have joined the waiting list.
Degiro - I have provided all my docs but have been told it will be about 10days to open the a/c. Its been about that but there seems to be a backlog.
IB - My a/c is set up and I have funded it with 200 EUR.

When I went to trade on HCMC I was first told that I wasn't eligible and that I would need to set up a Margin a/c. I did this. Then I was told I needed to change my experience on trading to match the requirements for the Margin a/c and to select 'US Penny Stocks'. I did this also.
Now I am been told that I am unable to place the trade as the amount is less than 2000 EUR.

Has anyone else come across this when trading Penny Stocks on IB and do you know how I can overcome it? On another Forum someone told me to transfer my EUR to USD and leave 5EUR in my account and trade then in USD and it should work. But I don't want to go through the hassle of converting the money over if I still can't trade it. At this stage I am fed up and just thinking of pulling my money out, but on the other side I really want to trade on HCMC.

Appreciate any advise TIA