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A comment on The Reddit GME short squeeze game plan (143 days old). Parent comment

Re:The Reddit GME short squeeze game plan (143 days old) by mike00632 on Saturday January 30, 2021 @12:23PM (#25970906)
There is a concerted effort to misrepresent the short positions in GSE now. Not to mention tons of misinformation claiming that GameStop is actually a successful and valuable business. I'm not sure about the law but lies + financial interest often equals crime.
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Re:The Reddit GME short squeeze game plan (143 days old) by caseysoftware on Saturday January 30, 2021 @12:30PM (#25970975)
*GME

You're right. There was a concerted effort in the last week claiming that the hedge funds had closed their short positions. Turns out, a few had so GME went from 140% shorted way down to 130% shorted when historically, 25% is considered "high".

I hope someone looks into the hedge funds and the talking heads who spread this misinformation.

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Re:The Reddit GME short squeeze game plan (143 days old) by mike00632 on Saturday January 30, 2021 @12:44PM (#25971110)
Where are you getting those % values? And on what basis do you make the suggestion that Melvin still has a short?
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Re:The Reddit GME short squeeze game plan (143 days old) by caseysoftware on Saturday January 30, 2021 @12:50PM (#25971171)
1. The numbers are cited in almost every analysis of the situation this week. They've also been cited on WSB for months. Don't be lazy.

2. I didn't say any specific firm. I only know the aggregate numbers and the specifics on a couple and they're not one of them.

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Re:The Reddit GME short squeeze game plan (143 days old) by mike00632 on Saturday January 30, 2021 @01:05PM (#25971314)
1) Yes, I specifically pointed out that these numbers are being circulated everywhere. They are baseless and intentionally misleading. It might even amount to a crime. It matters that you can't vouch for these numbers despite repeating them yourself.

2) You intentionally used language that casts doubt on the only well-sourced statement, that Melvin got rid of their short position. If you're going to be so skeptical then I want to know why. If you think that CNBC is colluding with hedgefunds and intentionally publishing misinformation then I want to know why you are suggesting that.

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Re:The Reddit GME short squeeze game plan (143 days old) by PartiallyTyped on Saturday January 30, 2021 @03:55PM (#25972901)
How about this?

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

250% of floating shares.

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Re:The Reddit GME short squeeze game plan (143 days old) by mike00632 on Saturday January 30, 2021 @08:17PM (#25974767)
Wow! That cite has a lot of numbers! They even explain what a short is! It's like one-stop shopping for misinfo on how to devastate your finances.
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Re:The Reddit GME short squeeze game plan (143 days old) by PartiallyTyped on Monday February 01, 2021 @02:50PM (#25992839)
More numbers

https://www.nasdaq.com/articles/are-these-the-best-heavily-s...

121% short.

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Re:The Reddit GME short squeeze game plan (143 days old) by PartiallyTyped on Sunday January 31, 2021 @05:04AM (#25977635)
More sources follow along then to shortsight and ortex for more numbers. https://isthesqueezesquoze.com/
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Re:The Reddit GME short squeeze game plan (143 days old) by yepguy on Saturday January 30, 2021 @01:15PM (#25971404)
> Not to mention tons of misinformation claiming that GameStop is actually a successful and valuable business.

I'm an outsider to both the investing world and this whole WSB thing, but just from following the story I've gotten the opposite impression. The general sense I get from the WSB community is more like "GME is a garbage stock, you should buy it and some of these other worthless stocks too!" Might still be a crime, but it's not really misleading IMO.

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