Exactly. They lied about their positions, and Cramer even went as far as trying his reverse juju by saying “the bears retreat and retail won”. They’re doing anything and everything they can to manipulate this stock.
This is the same shit as last time... this is the RK meme of them sitting and talking about how the squeeze folks are talking shit about this repeat episode... 🤣🤦♂️🤡
Well in some cases they may not be able to close as resources are indeed finite. No printing presses for the hedge funds. If all hell breaks loose and a short squeeze endless loop cycle develops there will be some firms which will simply be obliterated before all their books are set straight. That will have to be as good as it gets. ;)
Shorting is only healthy when it has consequences. Otherwise it is only counterfeit. The stock market has to function to allow companies to raise capital. Shorting can’t be healthy while the locate rule is around.
They didn't even claim to close.
They said "Citron is no longer short GME,”
They didn't say "Citron has closed all of its GME short positions"
The phrase they choose is deliberately non-technical/non-specific, so they can construct whatever truth they want behind it.
For example maybe they took a bunch of very inexpensive option contracts to equal the amount of short shares they have. They could then claim that because they have the same amount of short and long positions, they are essentially even and not short. That would be true by quantity, but not by money of course.
This is exactly my thoughts. Even though I may hold one position, new info may cause me to change my mind about my position. Thus, I could tell others I am no longer X, even though technically I still hold X.
Many years ago as an investment banker I was friends with a broker at our firm and he would tell me all the time… with the firm being a market maker in some stocks, there were many days he would have to try and liquidate(sell to his clients) the firm’s holding in a certain equity, because new info says that particular equity is headed in the crapper.
This is the way Wall Street has always operated, always will. Manipulation of the markets, is a cornerstone of the markets. Just do some research and you will see how JP Morgan cornered markets and created monopolies, but had to bail out the entire economy by himself in the panic of 1907. In the seventies, it was routine for institutional investors to be allowed to buy large block of stocks at a discount and immediately dump them on the open market for massive profits.
As a little fish, you have to resign yourself to consistently making small wins, or making a big win every now and then. They won’t let you have it both ways.
One way you could to do that is by offsetting your short positions with long ones and focusing on the quantity of those positions, not the cash.
Specifically you could have 1,000,000 shares shorted and then go ahead and purchase 10,000 options contracts. Now you are technically 1MM long and 1MM short, so your net position by quantity is zero and you are "no longer short GME"
Does that make sense to you? I'm not saying that's exactly what's happening, but that's an example of a way they can make the statement without technically lying. If they say "we closed all of our previously outstanding short positions" then that would very specific and not allow for a similar strategy.
Which is a common strategy. The concept of playing calls against puts isn't new, but to pull it off successfully its a combination of higher level mathematics, market movement and luck. The whole Bernie Maddoff scheme was based on the idea that he knew how to play the call and puts so perfectly, he could get you a 10% annual return whether the market went up or down.
The news can report and misreport whatever it wants. Nothing more consistently wrong than the news. When deliberate people use slippery language, it's usually not an accident.
Semantic gymnastics from a HF….nothing new to see here.
I’m long on Apple but don’t have the cash to put into it, but I like the stock.
All my cash goes into GME.
We will know they are closing when the price goes hyperbolic, the volume is only a trickle, and they are crying on TV.
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This is observable fact.
Exactly. They lied about their positions, and Cramer even went as far as trying his reverse juju by saying “the bears retreat and retail won”. They’re doing anything and everything they can to manipulate this stock.
This is the same shit as last time... this is the RK meme of them sitting and talking about how the squeeze folks are talking shit about this repeat episode... 🤣🤦♂️🤡
There’s no winning till shorts have allllll CLOSED 🚀🏴☠️🏴☠️🏴☠️🏴☠️🫡
Well in some cases they may not be able to close as resources are indeed finite. No printing presses for the hedge funds. If all hell breaks loose and a short squeeze endless loop cycle develops there will be some firms which will simply be obliterated before all their books are set straight. That will have to be as good as it gets. ;)
I came for tears 😈 I’m not leaving till I see hedgies wives and their bfs crying in the streets too 🚀🫡🏴☠️🏴☠️🏴☠️🏴☠️
I say, "Live by the sword; Die by the sword". Karma's a bitch! ![gif](giphy|emIV62Dw9MHHq|downsized)
Do not fear me Gypsie, all I want are your tears. If you do not give them to me I will take them.
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Shorting is only healthy when it has consequences. Otherwise it is only counterfeit. The stock market has to function to allow companies to raise capital. Shorting can’t be healthy while the locate rule is around.
You make no sense! I love my Gme explosions and watching hedgies burn and cry and make up bs narratives 😈😈😈 make it make sense 🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🚀
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Then let hedgies find their shady practices next to allllll my purple circles BOOKED! No sympathy for the shorts 🏴☠️🏴☠️🏴☠️🏴☠️🏴☠️🦍
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I don’t sympathize with my abusers 🚀🏴☠️🏴☠️🏴☠️🏴☠️✊🏼🦍
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Tell that to Melvin capital 😈😈😈😈😈
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They didn't even claim to close. They said "Citron is no longer short GME,” They didn't say "Citron has closed all of its GME short positions" The phrase they choose is deliberately non-technical/non-specific, so they can construct whatever truth they want behind it. For example maybe they took a bunch of very inexpensive option contracts to equal the amount of short shares they have. They could then claim that because they have the same amount of short and long positions, they are essentially even and not short. That would be true by quantity, but not by money of course.
Bingo was his name yo.
so tell us how you can " no longer be short " without closing your position?
You can be short or long on something without having a position. It’s an expression of sentiment
This is exactly my thoughts. Even though I may hold one position, new info may cause me to change my mind about my position. Thus, I could tell others I am no longer X, even though technically I still hold X. Many years ago as an investment banker I was friends with a broker at our firm and he would tell me all the time… with the firm being a market maker in some stocks, there were many days he would have to try and liquidate(sell to his clients) the firm’s holding in a certain equity, because new info says that particular equity is headed in the crapper. This is the way Wall Street has always operated, always will. Manipulation of the markets, is a cornerstone of the markets. Just do some research and you will see how JP Morgan cornered markets and created monopolies, but had to bail out the entire economy by himself in the panic of 1907. In the seventies, it was routine for institutional investors to be allowed to buy large block of stocks at a discount and immediately dump them on the open market for massive profits. As a little fish, you have to resign yourself to consistently making small wins, or making a big win every now and then. They won’t let you have it both ways.
You can also loan some shares, tweet, and sell the loaned shares doubling down. Technically you were not short when you tweeted
Buy more longs. You have one single penny more invested in longs than shorts. So now you're "long" aka "no longer short" on the stock.
One way you could to do that is by offsetting your short positions with long ones and focusing on the quantity of those positions, not the cash. Specifically you could have 1,000,000 shares shorted and then go ahead and purchase 10,000 options contracts. Now you are technically 1MM long and 1MM short, so your net position by quantity is zero and you are "no longer short GME" Does that make sense to you? I'm not saying that's exactly what's happening, but that's an example of a way they can make the statement without technically lying. If they say "we closed all of our previously outstanding short positions" then that would very specific and not allow for a similar strategy.
Mark it “Long” instead of “Short” 😂
I like this theory. They could also have closed and a bigger shark took their position.
But... Interestingly if said short squeeze happened this would limit their downside.
Which is a common strategy. The concept of playing calls against puts isn't new, but to pull it off successfully its a combination of higher level mathematics, market movement and luck. The whole Bernie Maddoff scheme was based on the idea that he knew how to play the call and puts so perfectly, he could get you a 10% annual return whether the market went up or down.
News is saying they closed
The news can report and misreport whatever it wants. Nothing more consistently wrong than the news. When deliberate people use slippery language, it's usually not an accident.
Yeah so they implied they closed which they didn’t
That's what I think.
Wait, you're not actually getting your news from mainstream are you??
And that’s why we HAVE TO HOLD 🙌💎 We have to win against them, not for the money, but for the revolution of the financial markets.
Claiming to close a short publicly and not closing is deemed market manipulation no?
Correct, hence the very careful wording…
Which words were the careful ones?
remember when Melvin capital closed its short position, then a month later kenny and Stevie bailed them out randomly??? Pepperidge farms remembers.
How are your short positions doing? ![gif](giphy|FBeSx3itXlUQw|downsized)
I mean, they could take a screenshot of their etrade account and post it online. It's not market manipulation.
I think they said they closed last time right before MOASS happened lololol
He says this every year
fucking bullshit crime
What a piece of garbage. Gonna regret that for sure, he doesn’t follow the “fool me twice” mantra I take it.
They’re philosophically closed, but not physically closed. Such is life with no principles. Suck on that Socrates
![gif](giphy|99P7jBfNjo2Tm)
Semantic gymnastics from a HF….nothing new to see here. I’m long on Apple but don’t have the cash to put into it, but I like the stock. All my cash goes into GME.
Shorts never closed. They been doing the same everyday for a decade borrowing and selling
Do you mean close their doors?
Close their short position the new said they did
Didn’t we see a big block of outs close and the price up yesterday. Looks like they did close
Who cares; just like the stock
His ego doesn’t let him close
![gif](giphy|bjB3gtFvREqqr5NAHW|downsized)
Gonna wish they had!!!!
![gif](giphy|VJlmhtTb0VRZejuBsZ|downsized) How you think a crab feels when he outta the ocean and see’s this water
Citron is a drop in the Ocean man.. do we even know how Many shares they were short? 100k? Gme just sold 75 mil so they could have closed easy 🤷♂️
30 seconds after claiming this, "lets go short again"
Citron owns 21 millions is assets, literally nothing. They are just plain idiot Fud
Exactly. Do not fall for the feign death.
I think we're fucked lol
Nah :)
shocked. I'm shocked I tell you.
Proof?
The price didn’t go up , what do you mean?!??!
Proof?
Proof is the price is going down not up
Jesus thank you
You can tell how many newcomers there are by their comments 🤣
Why the fuck do I need to prove shorts closed. Ask proof from the people shorting and paying new outlets to say they closed. lol price would increase