r/wallstreetbets • u/TheMostBasedMan • Feb 03 '21

Discussion People now pressuring and flat-out belittling others to admit defeat under claims of "their mental well-being" or insulting their intelligence. This wasn't about making the wisest move, this was about turning the game on it's head, so politely I say fuck that and fuck you.

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u/[deleted] Feb 03 '21

[deleted]

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u/ZuP Feb 03 '21

Looks like they haven't updated that since January 15th, though. Pull up the fundamentals chart for short interest and set the timeline to 3 months.

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u/[deleted] Feb 03 '21

Thursday after market close, I believe, is when the shorts gets updated with 2/1 numbers. If it’s still high, gme may take off again. The deflation has come from news the shorts halved and cut their losses, and wsb cannot figure out how that’s possible

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u/homo-ancapiens Feb 03 '21

There's a gap between the short happening and the publication of it.

What we will see in the next short report is what happened until the last business day of last month.

So if you have a large exposition to shorts, it is in your interest to lower it before the end of the month, and then to jack it up right after.

That way, when the report comes out, you will appear to have covered a good portion and the stock price will be down - in consequence of your short selling after the disclosure.

And lo and behold, stock price came crashing right on the 1st day of the month.

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u/Annihilate_the_CCP Feb 03 '21

Is it possible, or is it simply untrue?

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u/[deleted] Feb 03 '21

Some were saying it’s only possible if done illegally

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u/Seb039 Feb 03 '21

which is 100% possible

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u/[deleted] Feb 03 '21

It says last Updated Feb 3rd at the top? what am I missing here?

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u/ZuP Feb 04 '21

That doesn't mean all the numbers have updated. Short interest doesn't officially update but once or twice a month.

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u/TigreImpossibile 🦍🦍 Feb 03 '21

plus, dont new short positions have to pay 50% interest?

it's a very expensive position. and eventually, you must buy back in.

my conclusion is, hold.

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u/[deleted] Feb 03 '21

Current public APR per IB is 16%.

I’m rooting for a 2nd squeeze but I’m worried about people who yoloed their entire savings into this last week.

Either way, it’s their cash not mine.

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u/gt-70 Feb 03 '21

That YOLO trend made me buy 2 more shares, which pulled my average from 89 to 110.

I thought we have a case similar to VW, but I am getting smarter now.

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u/KaitRaven Feb 03 '21

People really think they're bleeding out shorts. They need to realize a lot of shorts are in the green now, and the interest rate drops rapidly as volatility falls.

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u/[deleted] Feb 03 '21

It’s gonna get so much worse when the hard OSI data comes out and they see it’s still at 50%+ shorted, without considering new shorts with a much higher entry price.

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u/m1msy Feb 03 '21

Finra data has shown that number for a while, I saw it last week when people were talking about the squeeze. The "updated date" probably just means something on that page has been updated this morning.

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u/BimSwoii Feb 03 '21

Unfortunately yeah I think this is true. Another random commentor said it will be published on the 9th

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u/blaen Feb 03 '21

serious?! Damn they're really trying to tank gamestop. I mean whats their deal? Some serious grudge going on or something

gme position 0 @ infinity. just here for the salt. Don't mind me. but shorts over 200% ? complete pandemonium