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(Yahoo)   AMC short sellers lost $488mil after Monday's rally. Oh well, anyway   (finance.yahoo.com) divider line
    More: Followup, Stock market, AMC Entertainment Holdings, Recent reports, Finance, Hedge fund, AMC short-sellers, market losses, meme stock  
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392 clicks; posted to Business » on 15 Jun 2021 at 11:07 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



30 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-06-15 11:17:46 AM  
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2021-06-15 11:19:30 AM  
I have no idea why anyone would short these meme stocks.  They're entirely irrational and they can stay irrational for a very long time.
 
2021-06-15 11:27:23 AM  

Rapmaster2000: I have no idea why anyone would short these meme stocks.  They're entirely irrational and they can stay irrational for a very long time.


Wall Street is using their old bag of tricks on a new crowd that isn't falling for it.  Consequences will never be the same.
 
2021-06-15 11:30:54 AM  
It baffles me to think that someone is in there trying to play tricks with this meme stock. Unless you were in early, stay very far away from AMC.
 
2021-06-15 11:52:38 AM  
I guess today is a good day to get out. Ill set a price and see if it gets hit.
 
2021-06-15 11:53:37 AM  
I made a few pretty pennies off of AMC and GME, and got out not long ago. No more hodl for those ones. Time to move on. fark the hedgies.
 
2021-06-15 11:54:23 AM  
Short sellers of a stock losing after a rally in that stock? That's the kind of technical analysis that makes me hard.
 
2021-06-15 12:04:21 PM  

Marcus Aurelius: Rapmaster2000: I have no idea why anyone would short these meme stocks.  They're entirely irrational and they can stay irrational for a very long time.

Wall Street is using their old bag of tricks on a new crowd that isn't falling for it.  Consequences will never be the same.


Sounds more like they are falling for it.  Just taking longer (which is more or less the same where time=money).

But I still have to assume that everybody that can move the market can be thought as "Wall Street".  But a shocking amount of the money is likely in the hands of a large number of guys who were recently frat bros and still think of themselves that way (most of who flame out, and we are watching lots of them flame out).

/what am I saying.  Most of them will *always* think of themselves as frat bros
//just the older ones aren't into reedit
///by Dawkins original definition, there is no difference between a "meme stock" and an old fashioned bubble.  He's right.  Again.
 
TWX
2021-06-15 12:05:44 PM  
Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.
 
TWX
2021-06-15 12:07:33 PM  
And as for the eventual fallout that might hit those that have rebelled against the short-sellers by doing what they can to pump-up the stocks, I expect that most of those buyers well know that the market could turn against them, and they went into this because they were mad about short-selling and were willing to take the loss if it meant reminding short-sellers and other market-manipulators that they're not invulnerable.
 
2021-06-15 12:10:41 PM  

TWX: Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.


Any form of financial instrument that generates profits for the investor investor when the underlying asset fails (shorting, credit default swaps, synthetic CDOs, ect) should be much more carefully monitored and regulated.  When there are enough poorly regulated methods for a few powerful individuals to make a lot of money from the economy failing, guess what, the economy just mysteriously starts failing.
 
2021-06-15 12:37:23 PM  
I've never worked a day in my life.  I fark and meme stonk all day.  America rules!
 
2021-06-15 1:13:55 PM  
Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?
 
2021-06-15 1:19:17 PM  
Good.
 
2021-06-15 1:34:56 PM  
Meme stocks should go under Entertainment, not Business
 
2021-06-15 2:18:15 PM  
THERE ARE NO LONGER ANY WALL STREET SHORTS on AMC.
There may be some amateurs doing it still, but Wall street got out long ago.


It's not that hard to check.  Just google it.

Or click here:
https://www.highshortinterest.com/

Note, Gamestop still has a high short interest.
 
2021-06-15 2:23:38 PM  

AmbassadorBooze: Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?


Farkers are more than capable of hating all parties on either side of a conflict.  Fortunately this is a game where both sides can lose, thus granting them that almost euphoric sense of schadenfreude that largely motivates them to continue their lives.
 
2021-06-15 3:21:14 PM  

Marcus Aurelius: Rapmaster2000: I have no idea why anyone would short these meme stocks.  They're entirely irrational and they can stay irrational for a very long time.

Wall Street is using their old bag of tricks on a new crowd that isn't falling for it.  Consequences will never be the same.


"Wall Street" is doing just fine with these meme stocks. Aggressive funds that specialize in shorting are not. They are not one in the same.
 
2021-06-15 3:23:55 PM  

TWX: Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.


Shorts also were paramount in uncovering malfeasance in places like Enron.

I am curious what companies you are referring to.
 
2021-06-15 3:35:07 PM  

v2micca: AmbassadorBooze: Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?

Farkers are more than capable of hating all parties on either side of a conflict.  Fortunately this is a game where both sides can lose, thus granting them that almost euphoric sense of schadenfreude that largely motivates them to continue their lives.


But, If the mega hedge funds are shorting AMC, and wallstreetbets loses, then the hedge funds win.  If the wallstreetbets wins, the hedge funds lose.  In which scenario can both wallstreetbets and the hedgefunds lose?  Is there a way for the stonk to simultaniously go down and go up?
 
2021-06-15 3:53:04 PM  
The smart money is on shorting BRKA and waiting for Warren Buffet to keel over
 
2021-06-15 4:07:29 PM  

AmbassadorBooze: v2micca: AmbassadorBooze: Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?

Farkers are more than capable of hating all parties on either side of a conflict.  Fortunately this is a game where both sides can lose, thus granting them that almost euphoric sense of schadenfreude that largely motivates them to continue their lives.

But, If the mega hedge funds are shorting AMC, and wallstreetbets loses, then the hedge funds win.  If the wallstreetbets wins, the hedge funds lose.  In which scenario can both wallstreetbets and the hedgefunds lose?  Is there a way for the stonk to simultaniously go down and go up?


wallstreetbets may be driving the trend that is inflating AMC stock price, but they don't have nearly the capital to maintain it by themselves.  It is more than possible for them to spearhead a movement to squeeze hedge funds, then in short order have the rug pulled out from under them when mainstream shareholders start cashing in before reddit posters can respond.
 
2021-06-15 4:53:22 PM  

v2micca: TWX: Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.

Any form of financial instrument that generates profits for the investor investor when the underlying asset fails (shorting, credit default swaps, synthetic CDOs, ect) should be much more carefully monitored and regulated.  When there are enough poorly regulated methods for a few powerful individuals to make a lot of money from the economy failing, guess what, the economy just mysteriously starts failing.


I've always thought shorting was at best a morally-dubious practice. I get that it might work as a check against irrational exuberance, but there are so many possibilities for abuse.
 
TWX
2021-06-15 5:56:03 PM  

AliceBToklasLives: v2micca: TWX: Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.

Any form of financial instrument that generates profits for the investor investor when the underlying asset fails (shorting, credit default swaps, synthetic CDOs, ect) should be much more carefully monitored and regulated.  When there are enough poorly regulated methods for a few powerful individuals to make a lot of money from the economy failing, guess what, the economy just mysteriously starts failing.

I've always thought shorting was at best a morally-dubious practice. I get that it might work as a check against irrational exuberance, but there are so many possibilities for abuse.


Yep.  Short them, announce that you're shorting them, then spread FUD and attempt to interfere with their business partners or astroturf a campaign against them.
 
2021-06-15 7:18:56 PM  

AmbassadorBooze: v2micca: AmbassadorBooze: Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?

Farkers are more than capable of hating all parties on either side of a conflict.  Fortunately this is a game where both sides can lose, thus granting them that almost euphoric sense of schadenfreude that largely motivates them to continue their lives.

But, If the mega hedge funds are shorting AMC, and wallstreetbets loses, then the hedge funds win.  If the wallstreetbets wins, the hedge funds lose.  In which scenario can both wallstreetbets and the hedgefunds lose?  Is there a way for the stonk to simultaniously go down and go up?


You are a fool if you think hedge funds aren't playing both sides here.
 
2021-06-15 7:42:57 PM  

Moopy Mac: TWX: Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.

Shorts also were paramount in uncovering malfeasance in places like Enron.

I am curious what companies you are referring to.


And even in these cases, the shorts were just acting on pretty reasonable business analysis - both gamestop and AMC appear to face drastic risks that they won't survive. AMC has bought a lot of time by exploiting the meme share prices, but they both still are built on business models facing rapidly growing competition and changing customer tastes.

They were not perfectly healthy businesses that short sellers schemed to sink. The shorts put themselves in a bad place with excessive speculation, and I think it's fine that blew up on many of them too.
 
2021-06-15 8:51:14 PM  

v2micca: AmbassadorBooze: v2micca: AmbassadorBooze: Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?

Farkers are more than capable of hating all parties on either side of a conflict.  Fortunately this is a game where both sides can lose, thus granting them that almost euphoric sense of schadenfreude that largely motivates them to continue their lives.

But, If the mega hedge funds are shorting AMC, and wallstreetbets loses, then the hedge funds win.  If the wallstreetbets wins, the hedge funds lose.  In which scenario can both wallstreetbets and the hedgefunds lose?  Is there a way for the stonk to simultaniously go down and go up?

wallstreetbets may be driving the trend that is inflating AMC stock price, but they don't have nearly the capital to maintain it by themselves.  It is more than possible for them to spearhead a movement to squeeze hedge funds, then in short order have the rug pulled out from under them when mainstream shareholders start cashing in before reddit posters can respond.


So we root for the hedge funds?
 
2021-06-15 8:51:43 PM  

sprgrss: AmbassadorBooze: v2micca: AmbassadorBooze: Wait, who are we supposed to be rooting for?  I thought we wanted wallstreetbets to lose it all, to teach them a lesson?

Farkers are more than capable of hating all parties on either side of a conflict.  Fortunately this is a game where both sides can lose, thus granting them that almost euphoric sense of schadenfreude that largely motivates them to continue their lives.

But, If the mega hedge funds are shorting AMC, and wallstreetbets loses, then the hedge funds win.  If the wallstreetbets wins, the hedge funds lose.  In which scenario can both wallstreetbets and the hedgefunds lose?  Is there a way for the stonk to simultaniously go down and go up?

You are a fool if you think hedge funds aren't playing both sides here.


So we root for wallstreetbets?
 
2021-06-15 9:35:31 PM  

TWX: AliceBToklasLives: v2micca: TWX: Good.  Short-selling should be much more significantly regulated than it currently is.  Many companies that were just quietly chugging along doing their own thing have been destroyed by short-selling when it's used as a form of attack.

Any form of financial instrument that generates profits for the investor investor when the underlying asset fails (shorting, credit default swaps, synthetic CDOs, ect) should be much more carefully monitored and regulated.  When there are enough poorly regulated methods for a few powerful individuals to make a lot of money from the economy failing, guess what, the economy just mysteriously starts failing.

I've always thought shorting was at best a morally-dubious practice. I get that it might work as a check against irrational exuberance, but there are so many possibilities for abuse.

Yep.  Short them, announce that you're shorting them, then spread FUD and attempt to interfere with their business partners or astroturf a campaign against them.


If you think it's so easy, pick a well-performing company, and try to bring them down through short interest and negative PR.

You will fail. Why? Because fundamentals matter. When a company is generating profits, a dip in stock price is a buying opportunity.
 
2021-06-15 11:15:55 PM  
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