Re:GameStop Is Rage Against the Financial Machine
by wolverine876 on Wednesday January 27, 2021 @08:24PM
(#25936872)
Can you provide some factual basis for these claims? We can type out claims without foundation endlessly; the Internet demonstrates that well; what we need is real knowledge and facts.
[ Parent
| on HN ]
Re:GameStop Is Rage Against the Financial Machine
by vmception on Wednesday January 27, 2021 @08:53PM
(#25937093)
This explains it
https://i.redd.it/9micoqswusd61.gif
The “short interest” is very factual and if you are not able to corroborate that on your own someone else will have to chime in
Re:GameStop Is Rage Against the Financial Machine
by AlexCoventry on Wednesday January 27, 2021 @08:37PM
(#25936970)
The cows are GME shares. The repeated sale of cows corresponds to short interest in GME greater than the number of available shares.
Hope that answers your question. To me, that's the central claim of the OP.
https://www.bloomberg.com/news/articles/2021-01-25/gamestop-...
Re:GameStop Is Rage Against the Financial Machine
by thenanyu on Wednesday January 27, 2021 @08:34PM
(#25936952)
the only thing resembling a "claim" is greater than 100% short interest on the security. This information is public https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
As of this comment, it's 134%. So, 134 cows are borrowed from a base of 100.
Re:GameStop Is Rage Against the Financial Machine
by astrange on Wednesday January 27, 2021 @08:25PM
(#25936879)
Are there any claims in that post?
Re:GameStop Is Rage Against the Financial Machine
by andybak on Wednesday January 27, 2021 @08:28PM
(#25936899)
Yeah. It read just as a simplified explainer of shorting.
Re:GameStop Is Rage Against the Financial Machine
by Thorrez on Thursday January 28, 2021 @12:18AM
(#25938498)
"Claim" seems like the wrong word. It's explaining shorts, but I think it's actually doing it inaccurately. It's saying the hedge fund will have to buy the cows at the end of the month. I don't think that's accurate. I don't think shorts ever expire.
Re:GameStop Is Rage Against the Financial Machine
by gpm on Wednesday January 27, 2021 @09:50PM
(#25937532)
Well, that "Hedge-fund cries foul" (which I've questioned in a direct reply, let's keep that discussion over there).
Re:GameStop Is Rage Against the Financial Machine
by wolverine876 on Wednesday January 27, 2021 @08:28PM
(#25936898)
I'm not making claims, if that's what you mean. The burden of proof is on the person I was replying to.
Re:GameStop Is Rage Against the Financial Machine
by stale2002 on Wednesday January 27, 2021 @08:44PM
(#25937030)
There is no burden of proof on anyone. The person was simply explaining a concept, known as a short squeeze.
A short squeeze is a well known financial concept. It is not a claim. It is a concept.
Re:GameStop Is Rage Against the Financial Machine
by liveoneggs on Wednesday January 27, 2021 @08:55PM
(#25937108)
was there a double blind study proving the existence of cows in the first place? I don't want to be mislead.
Re:GameStop Is Rage Against the Financial Machine
by was8309 on Wednesday January 27, 2021 @11:26PM
(#25938160)
hilarious, given i just came from https://news.ycombinator.com/item?id=25928183
Re:GameStop Is Rage Against the Financial Machine
by tengbretson on Wednesday January 27, 2021 @09:05PM
(#25937185)
You might have missed it, but the cows are the facts, Jack.
Re:GameStop Is Rage Against the Financial Machine
by deadbunny on Wednesday January 27, 2021 @08:28PM
(#25936906)
No claims, just explaining how shorts work.