Making a Normie-Friendly Guide to the Gamestop Stocks Saga - Using our autism for good.

Lord of the Large Pants said:
So here's something I'm wondering, as a financial normie. How did a company manage to short over 100% of Gamestop's stock? I thought it was a naked short, but I've been told those are ultra-illegal and unlikely to be the reason, but it might be some kind of ultra-leveraged position. Conversely I've been told that naked shorting is only illegal for peasants, you can still get away with it if you're Wall Street royalty.

What's up with that?
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Basically, when a share of stock is short-sold, the buyer of that stock could also permit the share to be borrowed for another short sale. This little piece from The Motley Fool (archive) gives a pretty good explanation of the mechanics of it.

Now, it's still possible for it to have been naked shorting, but it's more likely the hedgies were just using legal (if not incredibly dubious) means to accomplish the same thing using the technique described.
 
I can't imagine said:
Basically, when a share of stock is short-sold, the buyer of that stock could also permit the share to be borrowed for another short sale. This little piece from The Motley Fool (archive) gives a pretty good explanation of the mechanics of it.

Now, it's still possible for it to have been naked shorting, but it's more likely the hedgies were just using legal (if not incredibly dubious) means to accomplish the same thing using the technique described.
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Rules are for the little people. Wall Street types can and do play fast and loose with the laws because what are you gonna do about it? They've probably got relevant politicians on speed dial and they've got rockstar lawyers on retainer. These are people that would make Gordon fucking Gekko blanch and snarl.
 
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@Randall Fragg
There seems to be little velocity behind this thread.
Maybe change it to : Fuck the Short Sellers or

KF Bets (my vote).

We can make an investment thread like /r/WallStreetBets, because fuck Reddit. We can focus on what WSB is buying, and coordinating with them, and investing in stuff on our own - good stocks with good value.

I am terrible at investing. But some people here are good.
 
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Wasteland Ranger said:
Why is that name so fucking familiar? Where have I seen FreedomWorks before?

Fuck.
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It lobbied for a bill to impeach Trump. It also started a Sunday morning show with Newsmax.

There's also this: https://www.vox.com/2020/4/24/21234638/freedomworks-ppp-loan-foundation-coronavirus-conservatism

Repeating a request in this thread:
Does anyone have an easier way of finding out what S.A.C. Capital Advisors/Point72's portfolio was like in 2012 and 2013?

Looking through random Google search results is giving me a headache.

I'm looking to see if Cohen closed his Blackberry/RIMM position in those years.

Also looking to see if Citadel, D.E. Shaw & Co., Greenlight Capital, and Omega Advisors did too in those two years.
 
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Randall Fragg said:
@Slick Willy created an amazing guide to the inbred web between Melvin Capital, Financial Journalists, and Stephan A. Cohen.
I highly recommend you read it and then spread it.
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Very nice work there, @Slick Willy. Honestly, I might have to edit out the endorsement of Stephen Goodson when I send it to some of the pozzed normies I know. I don't think they're ready for that yet and I wouldn't want that one reference to lead them to disregard the entire rest of an otherwise excellent and persuasive document.
 
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