A year on, GameStop champion Roaring Kitty is quiet, yet much richer

Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by bigram on Wednesday February 02, 2022 @09:35AM (#30178092)

It's not clear to me what you think the error is. That the majority of the price action was caused by retail and not short sellers covering their position doesn't negate the fact that shorts were forced to cover their positions and did so. The language and charts in the SEC report show as much.

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by nairboon on Wednesday February 02, 2022 @11:20AM (#30179662)

Where exactly does the SEC state that the majority of all the short positions have been closed? I can't find this in that report.

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by bigram on Wednesday February 02, 2022 @12:48PM (#30181089)

In the section "Short Selling and Covering Short Positions" is a chart on page 27 that shows the short interest for GME. It shows the short interest dropping precipitously, meaning that the majority of positions were closed.

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by david927 on Wednesday February 02, 2022 @10:52AM (#30179234)

They did not cover. When enough people DRS their shares it will become clear.

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by ahtihn on Wednesday February 02, 2022 @01:10PM (#30181443)

How many shares need to be DRS'd?

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by ABeeSea on Wednesday February 02, 2022 @01:35PM (#30181845)

Then how do you explain the massive drop in short interest in the graph in the sec report? Short interest can’t drop without shorts covering…

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by david927 on Wednesday February 02, 2022 @03:19PM (#30183415)

There are many ways of hiding short positions like with ETFs. Look at the XRT (an ETF holding GME).

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by ABeeSea on Wednesday February 02, 2022 @03:30PM (#30183585)

So you are saying the SEC report is wrong about the short interest?

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by david927 on Wednesday February 02, 2022 @05:43PM (#30185178)

I didn't say that. I'm saying there are many ways of hiding short positions.

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by ABeeSea on Wednesday February 02, 2022 @07:22PM (#30186490)

XRT has been highly shorted for well over a decade because pretty much all of the stocks in it are failing brick and mortars, including gamestop. What does that have to do with GameStop’s short position?

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Re:A year on, GameStop champion Roaring Kitty is quiet, yet ... by rockshassa on Wednesday February 02, 2022 @02:58PM (#30183135)

your account was created 5 hours ago, this was posted 6 hours ago. you seem to be quite opinionated about this topic. any reason why that is?

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