DeepFuckingValue isn't getting doxxed.

He did an interview with the WSJ. He has a YouTube channel. He put himself out there, he'll be okay.

He's also changed the lives of thousands of regular people. If he asked for people to camp outside his house for protection 24/7, he'd get more than a few volunteers.

Not to mention that he also has 8 figures sitting in his bank account, not counting his stocks. He could hire security if he wanted.

I see that. WSJ put this out within the last hour. Photos. Prior Interview.

(Behind a paywall)

Market rolling over. Last three trading days have the feel of a topping pattern. Also, tops are often marked by speculative frenzy, which we certainly are having.

For those more in the know...

How many shorts have to be closed today? Is it by the market close? How many more are out there? Is there going to be a spike from those that have to cover their positions? And has all the big money (hedge funds) already gotten out?

quote:

Originally posted by sigalert:
For those more in the know...

How many shorts have to be closed today? Is it by the market close? How many more are out there? Is there going to be a spike from those that have to cover their positions? And has all the big money (hedge funds) already gotten out?

The big money can continue to pay interest on shorted shares rather than cover. Interest at this point is likely astronomical, but the hedges have money. It's a game of chicken, but not just between retailers, but against multiple hedges as well. The price is currently very high, no hedge wants to cover at this price, but if one of them did, the price would spike for the oghers. It's a tough choice, cover now, cover later at a higher price, or pay interest and pray that the line breaks and the stock price tumbles to a lower number.

Numbers are reported twice a month, so no accurate picture of what's happening. Just estimates from algorithms.

They have deep enough pockets to outlast the Redditors. The hedge funders in the end will still be OK. There is no way the Redditors *all* will hold out. Realizing gains is a hard thing to resist. Not all of the people participating in this are willing to lose all their gains and/or lose it all in the end. A few will take profits, then a few more, then a tsunami. A few will lose it all and be holding the bag. It's a game of hot potato with a thermonuclear bomb.

This reminds me of caddy day at the pool in Caddyshack. How dare these low bred techies try to barge into our club and disrupt our earnings, lol. I took bit of beating today in the market but have to laugh, and at the same time be a bit nervous, at the audacity of this move. I have never been a fan of shorting. Always seemed to me that when a bigwig shorted and then advertised it that he was manipulating the market and in the process crushing the company being shorted.

This must be the worst thing that's happened, anywhere, ever.

quote:

Originally posted by parabellum:
This must be the worst thing that's happened, anywhere, ever.

That is perhaps how it feels to those who have ruled Wall St with impunity. Very scary to get kicked in the balls for the first time. "How could this happen?" Nothing a little ice and more manipulation can't fix.

quote:

This must be the worst thing that's happened, anywhere, ever.

^^^^^^^^^^^^
I guess some folks did not catch the sarcasm. Thanks for posting. The only worse day was when the guy did not show to wash my Lambo!

There's an old saying that both bulls and bears make money. Pigs get slaughtered.....

Interesting potential ripple effects

https://www.zerohedge.com/mark...tocks-just-one-share

Going to be the death of RH. I only have $500 in RH. I'm closing it really soon, I wish I could short them just to drive it down. Too bad it's not privately traded.

The name Robinhood always irked me. I guess it was the implication that they were smarter than everyone else. Elizbeth Holmes, Pharmabro etc. all in the same category. Tony Hsieh was different. He cared about people. JMHO

I'm going to close my Robinhood account after this all settles down.

Also, I'm sending them a California right to be forgotten request and to request a copy of the data collected. Just to be a burdensome prick.

Aeteocles, I have a question about this whole thing.

Could Melvin Capital go straight to the folks they borrowed the GME shares from to short and strike a deal with them? Ask them what they would accept for their shares rather than having to replace them?

I think if I had lent my shares to them and am seeing all that is going on I'd be worried about the ability of Melvin Capital to get me my shares back if they go bankrupt.

was reading an article on CNBC that many of the original value short positions had been closed. The current high short interest are from the new shorts entering with the skyhigh spiking of the share price.

I went short at $320. Much harder to squeeze shorts entering at $2-400+ than the original value shorts.

Longs also don't have much of the option chain gamma squeeze on their side now that the Jan expiry came and went. At least there won't be a gamma rush until Feb expiry.

quote:

"While the 'value shorts' that were in GME earlier have been squeezed, most of the borrowed shares that were returned on the back of the buy to covers were shorted by new momentum shorts in the name," Dusaniwsky added in an email.

quote:

Originally posted by Skull Leader:
Aeteocles, I have a question about this whole thing.

Could Melvin Capital go straight to the folks they borrowed the GME shares from to short and strike a deal with them? Ask them what they would accept for their shares rather than having to replace them?

I think if I had lent my shares to them and am seeing all that is going on I'd be worried about the ability of Melvin Capital to get me my shares back if they go bankrupt.

No idea, actually. It's a good question though.

quote:

Originally posted by Skull Leader:
Aeteocles, I have a question about this whole thing.

Could Melvin Capital go straight to the folks they borrowed the GME shares from to short and strike a deal with them? Ask them what they would accept for their shares rather than having to replace them?

I think if I had lent my shares to them and am seeing all that is going on I'd be worried about the ability of Melvin Capital to get me my shares back if they go bankrupt.

I'd think they couldn't because these other whales are also funds which have fiduciary responsibilities with their own clients, which could be us with our 401k, IRA, Roth, 529, municipalities, etc accounts in their assets. So why would these other funds also take a bath for Melvin or Citron risky business?

If the reports from CNBC are accurate, that Melvin and Citron did close out most of their original shorts, and that the currently still very high short interests are from new shorts entering or they opened new short positions, then the squeeze of the new shorts are probably still a distance away.

Not going to lie — shorting at these prices is pretty tempting. It's only a matter of time before weak hands dump, and it all comes crashing down.