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Samson Soturian
Patrick Boyle
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Everything You Thought You Knew About GameStop Was Wrong!" video.
At the height of the frenzy, I looked at the Reddit profiles of all the people berating me for not touching GME. Each and every one of them turned out to be actual gamblers and sports fans.
17
Bought up its share float, more like. The main spike was a liquidity crisis, not a short squeeze.
5
Daily trading volumes was and still are at least ten times the share float and most of which were held by brokers not participating in stock lending. Just today GME traded 118% of it's total stock volume which is only possible as shares are bouncing around owners many times a day. This produces the wildest of volatility.
5
The proliferation of small traders in a market originally reserved for "speculators of quality" has simply driven rich investors elsewhere. The private equity and prime brokerage markets are booming, which amount to if you have tens of millions to invest the investment bankers will bend over backwards to get it, even hunting down CEO's private phone numbers in order to invest in companies not listed on the exchange, or custom tailoring stock options.
4
It wasn't hard given daily trading volumes was many times the share float count.
4
Did you actually do the math or are you talking out your butt? Because the SEC did the math.
3
Dude, the SEC report explains all known facts. There's no need to speculate, let alone present speculation as fact. There's a class of trader that simply desires the most volatile possible asset and tend to follow the mob for thrills instead of thinking creatively (aka gambling addicts). The guys that piled into GME following the squeeze, and this produced a liquidity crisis.
2
Undefined risk.
2
What makes me laugh is that sone autists were chatting with SEC bureaucrats on WSB and still don't know it......
2
@PapaJenkinz not near enough
2
@Wowthatsfunnylol121 how can you talk so much but say so little?
2
Liar
1
No, it kept going up because the "apes" bought up every share available and there were none left.
1
How much did you lose?
1
Meme is no longer a slang word simply because that's the word actual securities lawyers are referring to stocks with high retail interest.
1
It's impossible to prove a pump and dump when there's no ringleader. Just a bunch of gamblers jumping on perceived trends and harassing shorters and spreading lies to potential buyers. Due to a mix of boredom and share dilution things are returning to normal and I many a pretty penny by shorting near the top.
1
@jkholtgreve only if you don't know what you're doing
1