Posted on

Hedge Funds are Getting Crushed by the Worst Short Squeeze in a Quarter Century

Article - Media
Matt Egan | 21.02.02
A mob of traders on Reddit’s WallStreetBets page have sent GameStop (GME), AMC (AMC) and other stocks skyrocketing in recent days. GameStop lost a quarter of its value Monday but it’s still up nearly 1,200% on the year. WallStreetBets successfully triggered an epic short squeeze, where investors that bet against GameStop have been forced to unwind their bets and buy the stock back. That in turn has driven GameStop even higher, creating even more losses for short-sellers.

Continue reading “Hedge Funds are Getting Crushed by the Worst Short Squeeze in a Quarter Century”

Posted on

Article: GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles

Article - Media, Publications

GameStop, other Reddit-favored stocks plunge as trading frenzy fizzles

GameStop Corp. shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now.

The videogame retailer’s shares, whose wild gyrations have made or lost billions of dollars for hedge funds and other investors in recent weeks, closed down 60% at $90. They are now worth less than a fifth of their high of $483 last week.

Read Full Article

Posted on

GameStop Founder Is “A Spectator” In Short Stock Controversy

Article - Media

Matt Egan | 21.02.02

In a conversation with CNBC, co-founder of Babbage’s Gary Kusin revealed that he has mainly been an onlooker during the whole GameStop stock controversy. He has gotten the majority of his information about what is happening through his son, Ben, who is an experienced redditor. One of the subreddits Ben frequented was WallStreetBets, which allowed him and his father to watch the whole situation unfold from the very beginning. Continue reading “GameStop Founder Is “A Spectator” In Short Stock Controversy”

Posted on

Naked Short Selling: The Truth Is Much Worse Than You Have Been Told

Article - Media

Naked Short Selling: The Truth Is Much Worse Than You Have Been Told

By James Stafford – Feb 02, 2021, 3:20 PM CST, OilPrice.com

There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, it’s not China. It’s a homegrown threat that everyone has been afraid to talk about.

Until now.  That fear has now turned into rage.

The naked truth is this: Investors stand no chance in the face of naked short sellers. It’s a game rigged in the favor of a sophisticated short cartel and Wall Street giants.

Continue reading “Naked Short Selling: The Truth Is Much Worse Than You Have Been Told”

Posted on

Top 11 Reasons The Short Silver Squeeze Is Very Possible

Article - Media, Letter, Video

Alert Reader notes:

Shorting corporations and even governments has long been a means by which “loan” money sharks destroy and control creative money industry and governments.  Although a crime, this activity is never prevented – but rather regulated to protect and create advantage for the perpetrators.  So why not use this system of financial mass destruction against the destroyers? And, wouldn’t it be fitting that the common man’s money, silver, would be just the silver bullet needed to punish and return the market system to the people.  JP Morgan may have captured the silver paper market, but the bulls control the physical market – if only they will.

Maybe the century old suppression and manipulation of silver prices has finally found its savior — a silver short squeeze, now in progress.

Continue reading “Top 11 Reasons The Short Silver Squeeze Is Very Possible”

Posted on

The Worm Turns

Letter

21.02.01

Alert Reader notes:

I love the fact that the upcoming financial collapse will occur on the watch of the evil, and corrupt. Let CEO Biden have the appearance of being President, at least in the minds of those who live in the illusionary world created by the Fake News. At the fake oval office of Castle Rock studios, somewhere in California, as I understand, since the White House has been completely dark since January 20, 2021. Which has somehow gone completely unnoticed by the crack White House reporting staff at CNN. HAHAHAHAHAHAHAHAHA

Continue reading “The Worm Turns”

Posted on

Another Thought on Silver by Jim Willie

Academic, Tip
Jim Willie | 21.02.01
Silver is up almost $3 from Singapore and soon Tokyo. I regard this entire Reddit Robin Hood movement as the Attack by the Lilliputians. Time to stampede over the JPMorgue zombies and take silver to $35/oz. Watch mining stocks to confirm the move of course, the Boyz can put it down with a paper barrage, but the Lilliputians might be in the tens of thousands and they smell blood. The GameStop was a trial run. 

Continue reading “Another Thought on Silver by Jim Willie”

Posted on

How Redditors Beat Hedge Funds at Their Own Game(Stop)

Article - Media

21.01.27 | By Eric Levitz

But the value of a company can’t be reduced to its expected future earnings. One must also consider a wide range of other factors. Among them: How much nostalgia does the firm inspire in users of the Reddit forum r/wallstreetbets? And would a rally in GameStop shares be funny? Which is to say, has the firm crossed the “so bad it’s good” threshold, as inadvertent comedic masterpieces like The Room or Troll 2 had done before it?

America’s top hedge funds failed to ask these questions. Fortunately, the collective wisdom of rational market participants ensured that they were eventually incorporated into GME’s stock price. And, as of 3 p.m. Wednesday afternoon, a share in the GameStop corporation attained its true, objective value of $321.14.

Continue reading “How Redditors Beat Hedge Funds at Their Own Game(Stop)”

Posted on

Article: Patrick Byrne

Article - Media, Publications

Patrick Byrne

Marketswiki, 02 February 2021

Patrick Byrne is an American entrepreneur. Despite owning a company that is publicly traded on Wall Street, he has been called “The Scourge of Wall Street” for his outspoken criticism of several high-profile individuals in various financial institutions whom he accused of corruption.[1] He is the founder and chief executive officer of Overstock.com, one of the first retailers to begin accepting bitcoin as payment for goods and services.[2] He is also the co-creator of the blockchain platform tZERO.

On August 22, 2019, in a letter to shareholders, Byrne announced his resignation as chief executive officer and member of the board of Overstock.com. Continue reading “Article: Patrick Byrne”

Posted on

Article: GameStop Short Selling Reduces By Over Half: Report

Article - Media, Publications

GameStop Short Selling Reduces By Over Half: Report

Shivdeep Dhaliwal, 02 February 2021

Short selling activity in the shares of GameStop Corp (NYSE: GME) is slowing down as traders move to cover their bets, according to analytics company S3 Partners, Reuters reported Monday.

What Happened: The video game retailer’s 27.13 million shares were shorted in the week, which is 35 million lower than the number of shares shorted in the preceding week, as per Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners. Continue reading “Article: GameStop Short Selling Reduces By Over Half: Report”

Posted on

Article: Should You Buy Americas Gold and Silver Corporation (USAS) Stock After it Has Gained 7.48% in a Week?

Article - Media, Publications

Should You Buy Americas Gold and Silver Corporation (USAS) Stock After it Has Gained 7.48% in a Week?

InvestorsObserver Analysts, 02 February 2021

The market has been high on Americas Gold and Silver Corporation (USAS) stock recently. USAS gets a Bullish score from InvestorsObserver’s Stock Sentiment Indicator.

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Americas Gold and Silver Corporation (USAS) stock is lower by -9.17% while the S&P 500 is higher by 1.71% as of 2:08 PM on Tuesday, Feb 2. USAS is down -$0.28 from the previous closing price of $3.00 on volume of 1,387,711 shares. Over the past year the S&P 500 is higher by 18.15% while USAS is down -5.54%. USAS lost -$0.10 per share in the over the last 12 months.
Continue reading “Article: Should You Buy Americas Gold and Silver Corporation (USAS) Stock After it Has Gained 7.48% in a Week?”