Still think TITNC3: Return of the Iceberg was peak

You’ll feel better if you buy back into GME. Just do it

 

(PS - I don't think this is political, but when I googled images for "train wreck" there were a ton of political ones, some I didn't get, so I don't think that one has any political connotation with it but, if it does, I'm sorry, there's no intent for it...)

I just think those numbers aren't realistic. I think the people want to think there's a lot more of a "united front" against hedges than there really is.

Don't get me wrong - I hope I'm wrong, I hope y'all get your millions and yachts and mansions.

 

Fair - mine was the first result for "GME Ownership" on google point is - there's a LOT of institutional holders who may not vote, that was the point I was aiming for.

Meh. If I had the funds I'd maybe consider one share. But all my funds are long in VTI, or holding some baggers (PTN, DS, etc) and "small" in comparison to my longs, so if I'm bagging for 20 bucks, meh. Even though it's like 30%, it's a small absolute value, so I'm just holding them. Because I am SMRT.

 

totally understand your point. I actually just did that just to see how different the numbers were. I'm excited for bloomberg screenshots if they get updated today.

 

That's fine. I know it's hard to look at it from the outside and see it making any sense. It really does seem quite impossible for any of this to happen.

So I studied it for basically 8 hours a day for 5 months. Makes pretty good sense from where I'm sitting.

 

$20? 10,000,000 - 170 = $20?

 

I feel ya. Someone said something Trumped something the other day and i went

https://media.giphy.com/media/wOTijsQlvocKs/source.gif


trump
2.
beat (someone or something) by saying or doing something better.

 

I saw that. And almost made a comment

 

Same. This whole GME saga re-sparked my interest in finance. I was an econ major at one point, before I switched to robotics engineering lol

 

I was holding my breath for them. Figured they wouldn't get to open TW for 30 days after using a verb in a sentence here that could make people faint.

 

It's not hard to understand. They shorted more shares than exist.

 

The dark side! (Mech E here, but I didn't start in Finance, I knew better).

 

I have upvoted every comment by @ThunderCookies and his karma isn't changing. Reddit is onto me.

 

Lets goooooo!

On a stonk note, what happens if institutions own 87.92% of the float? That means there's only 12.08% left for retail to fight over? That's a very small percentage given the amount of shares Fidelity users likely have themselves.

 

So...generally....Total shares - Insider shares - Institutional shares = Float for public consumption/ shares available to cover short positions...
Even TD's probably very Biased #'s say 97% institutional...and 20% short....
But....If 97% of the shares are institutional...
what about insiders? Which are PUBLIC record from the most recent filings...

So we have

So the FLOAT is 57M and 97% owned by institutions...
Which means retail/public owns....

DRUMROLLLLLLL
1.71 million shares...

Yes...that is the OFFICIAL number...
So those 4+ million people leaving to go to Fidelity from robinhood..own a grand total of 0.42 shares each...if they own the ENTIRE public float....
Not including TD, RH, Etrade etc...
See..
this is the ridiculousness...

HODL...
edit..forgot

 

Oh, and short interest is ahem...
2 days to cover...
ahem..
Riiiiiiiggghhht

 

That's wild! So, we can guess all day about how many share retail owns, but we know it's for sure above 1.71m shares.

Do we all simply own a ton of synthetic shares then?

 

All I know is retail better own 100%, because institutions will not hold for some crazy number

 

Hell, TW probably owns 1.71m shares.

 

Yes.