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A comment on Discord bans r/WallStreetBets server, subreddit went private for a while. Parent comment

Re:Discord bans r/WallStreetBets server, subreddit went priv... by Tenoke on Thursday January 28, 2021 @06:34AM (#25940643)
It's not quite that easy. You have to find a stock that's overshorted (>100% of shares here) irresponsibly (if they used e.g puts they'd be fine), buy a lot and hold it long enough. Also quite likely WSB money wasnt enough and it's only because other hedge funds jumped in that we got here.

What Melvin did was risky and avoidable.

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by grumple on Thursday January 28, 2021 @06:48AM (#25940711)
The stock doesn’t actually need to be shorted that much. We’re seeing the same thing happen with Koss, BB, and AMC right now. The infamous VW short squeeze was also caused by significantly less short interest: https://www.autoweek.com/news/industry-news/a35340727/heres-...
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Re:Discord bans r/WallStreetBets server, subreddit went priv... by Tenoke on Thursday January 28, 2021 @06:59AM (#25940785)
Very true, but the less shorted or at least the bigger the difference between available shares and the short position the harder it is.

VW in particular was shorted much less but something like 90+% of the shares were accounted for between Porsche and Germany to reach the accounted for shares + shorts position of over 100%.

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Re:Discord bans r/WallStreetBets server, subreddit went priv... by argonaut on Thursday January 28, 2021 @08:09AM (#25941281)
We are seeing them become the next meme stock that people are trying to pump. Unlike GameStop their pumps have very little to do with short squeezes because these stocks were not being shorted anywhere near as much as GameStop was.
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Re:Discord bans r/WallStreetBets server, subreddit went priv... by grumple on Thursday January 28, 2021 @09:57AM (#25942664)
Short squeezes can occur with significantly less short interest than 100% if others want to maintain controlling interest in a stock or are otherwise unwilling to sell except for over market value. Even a small change in a stock's liquidity can result in a large impact on available price.
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Re:Discord bans r/WallStreetBets server, subreddit went priv... by argonaut on Thursday January 28, 2021 @12:23PM (#25945178)
Sure that is possible. I have not seen anything indicating that is the case being made with AMC etc.
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Re:Discord bans r/WallStreetBets server, subreddit went priv... by biql on Thursday January 28, 2021 @08:23AM (#25941414)
It looks more like a coordinated pump than a squeeze. Tons of new accounts are spamming these tickers everywhere.
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