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In my opinion it is dangerous to trade on emotions whether vague unsubstantiated fear or unbridled "get rich quick" greed.
I am not sure of what can be known because of the opacity of short interest.
What I think recent events have shown is that opacity is causing hedge funds to excessively short many stocks because they can not get an accurate reading on how much each stock is already shorted. Couple that with the fact that the prime brokers can loan out counterfeit shares for a interest fee then more than the entire float can be shorted in the popular stocks to short like those companies struggling in the pandemic and the ever popular pre-revenue biotechs.
Any little positive interest in the company can cause a short covering spike. Every single ALZ company spiked violently upwards Thursday in sympathy with SAVA from AC Immune down to some very small $100 million Market Cap issues.
Shortsellers seem reckless especially in the face of a new round stimulus coming from Congress.
I would think very low because if Missling would want to get the best price he would wait 10 days to get the benefit of the price spike in the 10 day average price calculation. Before it was below $7 after ten days the price should be above $10. Who knows.
Closer to 117million AVXL shares traded Thursday 2-4. One has to assume that buy/stop triggers for every share sold were hit on the way up then many shares sold into or right after the spike.
Some new positions day traded up and down using HFT algos now exited. Then at the high so think it is reasonable to assume very single share previous held short both reported and unreported were reshorted at a higher price likely avg above $20.
Although not showing in some reporting Benzinga reports one 10000 Feb 19 $20 long calls (1 million shares) transaction @4.80 2-5-21. That is a $4.8 million trade.
That would hedge 1 million short shares at approx break even @$20-24 and allow participation on the long side in any spike above $20 but if $20 not reached a loss of $4.8 mil if not closed for a smaller loss in the next two weeks.
I do not know if Benzinga can be trusted as accurate but I do feel most all the financial media have been posting falsehoods regarding the market at this time. Most every article I read seems to manipulate the market based on false or misleading stories and opinions. Low Point for the media. Especially CNBC.
What I feel and this is just my opinion as a non-profesional. Just an idea and non actionable but anyone but me.
I would guess by now most all how wanted to hold short on AVXL have done so to the MAX and I would not be surprised if short sales close to or exceeding the entire float are now held short. It has become apparent to me at least that short positions go mostly unreported. These new positions likely are above $20 so there should not be a buy/cover squeeze again below that. Thursday just a minor amount of interest from New longs as a sympathy play on SAVA may have triggered buy/stops on short positions that were likely already underwater at $7.
The good news is that if AVXL rises to above $20 it could trigger another buy/stop spike on these new higher short positions but maybe not below that level again.
Just my opinion and is interesting but the trial results and regulatory actions will ultimately determine the price of AVXL.
Do your own DD and applications of logic.
I hold AVXL long.
That is why I bought more today $17s as the market is starting to appreciate the value of AVXL. I buy up I buy down and I buy sideways. I bought the $9s Oct 2015 it took a while on those but I bought $1.26 Dec 2018 as well hi and low and lots in between. If it goes down I might just hold again. Not advice I am not pro. Everyone's risk tolerance and holding time vary. I like to buy and hold but that is just me.
I said yesterday that the missile was out of the tube. 350% up in two days. This might have a ways to go I don't know. Silence...no news working so far.
Where are those Honeymooners headed? Haha
I have no idea. Do some research. Talk to a professional. Google counterfeiting Shares. Read the SEC reported cases I put in the post at the SEC site they are the authorities not me.
If you have read as much as I have you might decide to write your Congressman
The one of the points of the counterfeit shares thesis is that they are not reported but the borrowed shares are passed around and reshorted over and over. You will have to read the links I provided. In past posts both are in one I sent to mycroftholmes.
Google:
The counterfeiting of shares of Fannie Mae and Freddie Mac....it will take you to the SEC website.
Read this:
Counterfeitingstock.com
The goal of r/WallStreetbets as I understand it the last few weeks until it was infiltrated and taken over yesterday was to try to absorb as much of the float in two stocks AMC and GME to expose the situation of those stocks shorted many times the number of actual shares with counterfeit shares. Now I read reports that the SEC is investigating WSBets not the hedge funds now those that infiltrated WSBets will likely say things and allow hedge fund bots to say things that make WSBets look like it was trying to manipulate stock prices or other illegal things. What this has to do with AVXL is I think it was shorted more that the float as well. So if people stop flipping this could squeeze as well. WSBets is dead they will have to find another way to get this message out to the public.
People please check my post to mycroftholmes yesterday to the links to references about
counterfeitingstock.com
Remember for years many could not understand why some other stocks in the ALZ space had multibillion market caps and AVXL was limping along? We thought it was because the others were sponsored by Wall Street IPOs maybe it was because Anavex was continually sold short with counterfeit shares.
I am going to hold all my shares no matter how high it goes.
None of this is advice. I am not a professional. Do your own DD. I OWN all of these stock mentioned and might buy more in the next 48 hours.
Haha I sold 50 shares cuz I needed a few hundred yesterday in the morning before it broke through $7. That's the real reason it took off....to spite me!
You are welcome everyone! Ha ha
They think they can silence the rebellion against Organized crime on Wall Street by hijacking a Reddit sub but it is an idea that will not go away just emerge stronger next time.
They were taken over by some Mods that left a few years ago and came back when there was a book and movie deal and they let in all the bots shills for the short sellers and short bashers. Greedy Fs F'd it up from everyone so the Hedgies do not have to square off with them...A Bunch of posts say sell take your losses go home and get over it. That is it coming from wallstreetbets it is the hijackers.that would not have been allowed yesterday or ever before today....SEC will go after WSB and let the RICO hedges keep at there dirty tricks....the movie thing might have just been a ruse to get the mods to turn sides ad hijack..hopefully the good mods will start another one....the hedgevfuds will now use that one for manipulation propaganda and misleading info.
The real one has gone dark...
I definitely agree. Could triple from here quickly. Flipping for a few bucks is it worth the risk of AVXL blasting out of reach over night like today. Also retail traders are going to look for a new hot stock...r/WallStreetbets was hi-Jacked today so it is dying.
Both Sage and Arrowhead went from small companies similar size as Anavex to $7 billion companies prior to approvals on market recognition alone. A Biogen deal or just a lot of eyes looking at Anavex and there could be as Nidian describes often as a market cap "flash over" event. The 125% gain today will get the eyes then when they dig in they see FDA fast-track granted today Feb 3rd BlackRock adding yesterday Feb 2nd and Biogen scraping its PDD drug today Feb 3rd. Short sellers lack of liquidity to short the rip. Only available selling shares will be flippers shorting from long side with trading shares
I think the run continues tomorrow all these things emerged at one time to coalesce into the prefect fundamental storm capable of producing a beautiful Blue Sky Tornado!
It likely had to do with Biogen scrap heaping is PDD drug.
6 million shares after market over one million in a 10 minute window at the peak volume 7.15 pm. Over $17 million buy in in 10 minutes. Not likely traders. In other news BlackRock filed a 13/g yesterday after the close revealing they now hold 3.8 million SHARES 5.5% of float. After hours in one day 6 million traded more approx 10% of the float. After hours! One day!
In other news Biogen hid a little gem in its 4th Quarter report filed TODAY FEB 3RD That Biogen halted and stopped development of its lead drug for Parkinson's Dementia. This leaves only the Drug Aducanumab as anything substantial in Biogen pipeline. Aducanumab is in serious doubt
So...
This move may have more to do with Biogen then SAVA...Biogen has been active in partnering and investing lately doing 10% deals with both Denali and Sage.
At any rate to much volume to be a pump.
The Missile is out of the tube and I do not think it is coming back but maybe go much higher. Not advice. Do what your own DD says..but my humble opinion is to HOLD ON TIGHT!!
I have to agree with this supposition. What I think the reddit group r/wallstreetbets figured out when they kicked GameStop and it exploded like sweating dynamite is that GME was shorted 200% to 500% of the outstanding share count with counterfeit shares sod short planning to bankrupt GameStop corporation so they would never have to cover or be found out. It looks to me like some very large players have joined the crusade against illegal and abusive short sellers.
I saw the other day a $105 million out of the money transaction 47000 GME Jan 29 $120 weekly CALLS with just a few days to expiration.
To me that would indicate a very big long only fund. Who is hurt most by abusive shorting of counterfeit shares other than the company its self? BlackRock Fidelity Vanguard and others. ( BlackRock upped its shares of AMC by 58% recently)
They might be suspecting this widespread stock counterfeiting as well. How could one put a stop to that game? SEC...nope they just levy a fine like they did to Goldman Saks when the sued GS for that. They need to play a game of musical chairs(shares) and buy and hold the entire float. That is what they are trying to do at r/wallstreetbets buy and hold the entire float of two stocks GME and AMC in the hands of more than a million retail shareholders. Diamond Hands.
Nothing in this post is advice. I am not a professional. Long time owner of stock in AVXL. I own a much smaller number of GME and AMC (just doing my part) and I own much larger positions in other Companies.
I do not think for a NY second that BP is involved. All Wall Street RICOs and the old school organized crime families, like Gambino, Russian Mafia and drug cartels.
I hope everyone holds and does not try to trade around a core and flip this squeeze. Hold for the Justice of years of abusive short selling, coordinated hit pieces, coordinated short attacks from Citron and Sykes. Do not flip for trading profit and incurr a large tax bill just for AVXL to climb higher out of reach. Hold till the end and live on the dividends in retirement.
NOT ADVICE NOT A TRADER NOT A PROFESSIONAL. EVERYONE DO WHAT THEY THINK IS BEST. I OWN AVXL STOCK.
The short sellers are getting margin called. They are getting billions of new capital injected and it is all being lost trying to defend and hold these short positions.
Bad news for those people invested in those short hedge funds when they go bankrupt as there is no SIPC insurance on those types of deposits like we get with our brokers.
What happens to pigs?
We have ignition! Biotech shorts could have gotten immediate margin calls on the SAVA squeeze. Over leveraging by short sellers are causing the sever liquidity issues given the big engineered sort squeezes rolling through the markets. Now it is a game of musical chairs what short sellers can cover with the last genuine shares and who will be exposed to the DOJ holding short counterfeit shares.
I am glad I did not sell covered calls on that spike today.
Is the blockchain instrument anything like the "UMA Decentralized Financial Contracts Platform u/STONKS Token tracking r/wallstreetbets" announced today?
This could be a major strategic weapon in the battle of stockholders against the abusive short hedge funds.
Please let me know about your idea I would want to invest in that type of idea.
Thank you but it is fairly simple formula. Buy and hold, buy the dips periodically or accuulate in huge chunks like AVXL Dec 2018 at $1.26.
The dynamic of AVXL right now is I believe there is a larger than reported short interest and certainly those positions were expanded today. The most important dynamic is Missling has taken a hiatus from stock sales this has a similar effect as stock buybacks in demand/supply. Because there has been a price suppression due to the trickle periodic say weekly or biweekly LPC mATM sales. Short sellers based their models on these sales so now the risk is under estimated.
They may not have unwound in time and hedging with long calls and the spike today was too tasty for them not to short.
Therefore over time and especially in mid February there should be upward pressure do to short interest.
Wall Street 100% controls the vertical axis that is price any day or week however long investors together with fundamentals and events control the horizontal axis at all times and the vertical axis on a quarter to quarter basis.
Do proper DD, buy the dips and hold and accumulate periodically for years. Ingnore the vertical axis. One can not change it so don't sweat is and for goodness sake don't get emotional about it. Big drops are great to buy.
Hold for the moon!
Anavex has been one of my best investments of all time and I did very little trading of it and did not buy intially for less than $4 but averaged up and down over the years. Someone mentioned $36 in a post yesterday coincidentally that is the exact number I had initially valued Avavex in 2015. I value it at market cap now $3 to 7 billion before ALZ approval just on market acceptance of potential alone. Some of the other ones I invested in last 5 years have already mooned. Sage and Arrowhead.
For an example of a slow 18 month short squeeze look at Boeing after Goldman Saks big short peaking in Feb 2016 suppressing stock to $108 and the rise to over $400 over the next 18 months. Boeing was buying back stock dominating the time axis. What Missling is doing now is a kin to stock buybacks he is altering the supply/demand from halting share sales.
I think Missling planned this to coincide with the results of the P3. I had thought that AVXL would launch from a submerged or undervalued position like a Polaris A2 but now I think it may be an Air Launch like an ALCM. At any rate the Anavex Missile is out of the tube and I do not think it will come back to earth.
Usually I like to sell covered calls into these spikes but I am thinking short hedge funds made a huge strategically error in taking on heavy leverage in the form of shorting excessively more than the float in many stocks in the face of govt stimulus and relaxed fed so AVXL could possibly squeeze like others have done recently.
If there are rolling squeezes in the market with other funds getting in on the act by shorting at the new mooned prices at some point the pressure on liquidity of these funds could reach critical mass and there could be an explosion of squeezes and a unwinding of long positions where there is heavy concentration of deployed money like FAANG+M. Possible systemic risk from over leveraged short funds whose prime brokers have supplied them with unlimited counterfeit shares to borrow and short. Analogous to the 2008 liquidity meltdown with its huge amount of synthetic securities betting short in the form of Collateral Debt Swaps.
It looks like the SAVA moon rise may have caused a liquidity issue with some hedge funds that heavily short pre-revenue biotech especially the tricky ALZ space.
Therefore covering shorts in AVXL as well as speculators wanting in on the next ALZ moon short by loading AVXL.
These ALZ plays are shorted heavily as the shorts thinking is likely "Biogens got this and SigmOne or FilimenA what's that? Short it."
Do not forget that Tim Sykes organized his followers by tweet to attack at once timed to that article and also they coordinated to buy on the way up in the days before pumping it up to dump it. They bragged and posted gains on internet after the attack.
Falconeer in your opinion if the Cassava drug can fix those already misfolded proteins as they describe might blarcamesine help restore the upstream processes so that reformation of the Filimen A proteins are not produced misfolded again? When I first studied the interesting Cassava science along side the A2-73 research it struck me that these drugs might be complimentary. It seems logical do to the complexity of ALZ that there would not be one magic bullet and that combo therapy could be applied.
Yes it seems curious unless one considers that short interest in many stocks are geometrically higher than the reported short interest. This is due to manufacturing of counterfeit shares to by the Prime Brokers and the Clearing Houses which are a joint combined subsidiary of the "Wire House" brokers who then loan them out for fees to short sellers.
www.counterfeitingstock.com
Www.Oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.
Some people suspect a Cabal. I suspect Wall Street Racketeering by the Prime Brokers and their jointly owned Depository Trust & Clearing Corp.
Goldman Saks was caught doing this recently and I think the penalty was a $2 billion fine ( biggest fine ever collected by the SEC by far- just a cost of business for GS- no sweat) as settlement without admission of wrong doing.
But when they cover the shorts in SAVA I suspect they will just re-short at a much higher price and make bank on this rinse and repeat perfected fleecing racket.
There may be billions of counterfeit shares floating around in the market concentrated in pre revenue biotech and companies with distressed debt like retail and energy sectors.
I think that was what the Reddit group suspected in the retail squeezes in GME AMC and others and hoped to hold long enough of the genuine shares to expose that as GME had reported shorts of 140% of the float and institutions held 118% and then Ryan Cohen took a stake of another 16% . Where is all this stock coming from?
Why print counterfeit money when they could print stock and sell it short for money hoping the company would go BK or delisted so they never even have to cover. Of course they put out a lot of negative press and research to speed the demise. Self-regulated Industry so they never get caught.
I can not wait to miss the Game Stop Movie or Kangaroo Congessional Hearings on this complete with gloss over and candy coats.
Then back to business as usual until the next engineered market crash where those same parties will have a grand time scooping of assets on the fire sale cheap cheap.
This is blowing up in the news and most people are not as stupid as CNBC think they are and not likely to buy the spin of blame on WallStreetbets. This has potential to blow up into a hot button issue by midterm elections. One congressman already sent letter to the DOJ and Senators are calling for hearings. It looks like that crowd at WSBs is determined to keep the heat on by holding and accumulating shares.
The SEC never does much, understaffed.. So you should concentrate on the Congressional Hearing coming up in the Game Stop and AMC squeezes. AMC has the most theatres in USS and they are new good quality and doing well. Just got hit with pandemic not their fault. National HQ in Kansas big employer in HQ and all over USA. Need theatres coming out of pandemic. Short sellers tried to force them into Bankruptcy with counterfeits shares sold short. Just reported shares were 75% of OS share count. More than 100% because fake shares not report much more. The WallStreetbets movement trying to hold long and gather shares to force shorts to cover but they are pulling dirty tricks. The first trick was Andrew Left Citron just like CYDY. Then show did to CYDY as well ..shows pattern and method of abuse. Write to Kansas Sen and Reps congress as well as your own. Include that white paper explanation in put in post.
Margin goes both ways. So with $1 billion reserves they can shortsell $100 billion worth of stock. To get that much they counterfeit the stock. They can run up the pumps fast as well.
The regulatory question and legislative question is do we want to trust these hedge funds to have that much leverage when their reckless risky bets could crash the whole economy accidently or on purpose? It is almost like turning over the Strategic Missile Command to a bunch of coked up hedge fund managers them at live an above the law Jeffery Epstein lifestyle with a lot of political connections and influence over government though lavish donations. Citadel paid Janet Yellen $700 k over the last two years for several speaking engagements (lavish dinner parties for the Uber Wealthy)
Maybe that is a bond condition of release pending trial or they were told they are being investigated but no charges filed yet. This came after new Administration and the VP is a former prosecutor.
Left is the one that kicked that Keg of Wet Dynamite that is Game Stop the day before Inauguration and of course just like sweating dynamite that caused it to immediately explode. The theory is the instructions to bash GME came from Melvin Capital or its puppet master Steven Coen of Citadel and Point72 and the former SAC Capital shut down by the SEC in 2007 for Securities Fraud. All known as the most aggressive short sellers on Wall Street.
And that's all there is to be said about that! It is resolved there will NO hostile takeover and Linda designed the options and warrants structure and those chosen to be entrusted to hold fast to their warrants to insure that this resolve can be firmly enforced.
Excellent post.
Thank you.
Definately everyone should have their shares taken out of street name and put in their own name and instruct their brokerage that they do not want them loaned out for any reason. Good point.
The gist of the article was that the Wire Houses (prime brokers like Goldman UBS etc.) and the Clearing Houses which are owned by the Prime Brokers just counterfeit the shares then loan them out for a fee. The Short Sellers might not even know they are using counterfeit shares. Goldman got a $2 billion slap on the wrist fine for this recently. But this practice has the potential to cause systemic risk to the markets because the hedge funds are using 50x to 100x leverage and they might be short selling 200% to 500% of the float of some companies.
These highly leveraged short positions contributed to the liquidity crisis that resulted in the financial meltdown in 2008. That time it was leveraged securitized packages of mortgages this time it will be stocks if it is allowed to continue.
If WSBets can uncover these crimes they could really do the Country and the Market tremendous service. It may not be too late to avoid the catastrophe. But we need to take this out of the hands of the coked-up Hedgies living the Jeffery Epstein lifestyle.
Batman...I mean the wealthy industrialist Bruce Wayne has our back!! as well as Elon Musk(20 rocket emoges) That was the Bat Signal! (50 rocket emoges and diamond and hands emoges)
This article describes how the Short Interest in GME and AMC is a very real scary regulatory cluster bomb ( for the Illegal Short Selling Parties and the Market)with factual references. I think it describes what is happening in many pre-revenue biotechs including NWBO (for YEARS!) and CYDY and struggling retail now like GME and AME in fact any company short-selling Hedge Funds think they can force into Bankruptcy by shorting counterfeit shares. They have likely been doing it pervasively throughout the Market for decades and the relaxation of the enforcement of the Frank-Dodd Act by the last administration did not help.
http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html
I think everyone should read this and send letters to their Congressmen and Senators. Also to all the Congressmen and Senators(and Women especially Rep. Sharic Davis as she is an ally of Sen Ortega-Cortez) from Kansas because the world headquarters for AMC is in Leawood, Kansas and they are a big employer. This article might help one understand what is happening in the markets with Short hedge funds trying desperately not to be exposed by the WSBets movement and unwinding the heavily counterfeited shares shorted into BANGK Stocks (stonks) float and selling long FAANGs and others they have long positions on to raise liquidity to cover. Remember these hedge funds can use 50x to 100x margin instead of retail 3x max. This partially explains the recent upward price movements in NWBO & CYDY (with the lawsuit "investigation" timed to help suppress the cover spike.)
This is a very logical possible reason for the short squeezes in Game Stop and AMC. Heavily counterfeited shares would likely never be discovered if they went Bankrupt. As well as the almost insane Main Stream Media attacks (CNBC) on WSBets and the broker restrictions on these "Stonks"
Stonk definition= Shares of a heavily illegal shorted Company so bad that it stinks and so if people rally to it it has nowhere to go but UP!
This article describes how the Short Interest in GME is a scary real regulatory cluster bomb with factual references. I think it describes the Counterfeit Share Shorting in struggling retail now like GME and AME in fact any company short-selling thinks they can force into Bankruptcy by shorting counterfeit shares.
http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html
I think everyone should read this and send letters to their Congressmen and Senators. Also to all the Congressmen (and Women especially Rep. Sharic Davis as she is an ally of Sen Ortega-Cortz) from Kansas because the world headquarters for AMC is in Leawood, Kansas and they are a big employer. And to understand what is happening in the markets with Short hedge funds trying desperately not to be exposed by the WSBets movement and unwinding the heavily counterfeit shares shorted BANGK Stocks and selling long FAANGs and others they have long positions on to raise liquidity to cover. Remember these hedge funds can use 50x to 100x margin instead of retail 3x max. This partially explains the recent upward price movement in CYDY with the lawsuit timed to help suppress the cover spike.
And is a very logical possible reason for the short squeezes in Game Stop and AMC. Heavy counterfeiting share would likely never be discovered if they went Bankrupt. As well as the almost insane Main Stream Media attacks (CNBC) on WSBets and broker restrictions on these "Stonks"
Stonk definition= Shares of a heavily illegal shorted Company so bad that it stinks and so if people rally to it it has nowhere to go but UP!
This article describes how the Short Interest in AMC is a scary real regulatory cluster bomb with factual references. I think it describes what is happening in many revenue biotechs including CYDY and struggling retail now like GME and AME in fact any company short-selling thinks they can force into Bankruptcy by shorting counterfeit shares.
http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html
I think everyone should read this and send letters to their Congressmen and Senators. Also to all the Congressmen (and Women especially Rep. Sharic Davis as she is an ally of Sen Ortega-Cortz) from Kansas because the world headquarters for AMC is in Leawood, Kansas and they are a big employer. And to understand what is happening in the markets with Short hedge funds trying desperately not to be exposed by the WSBets movement and unwinding the heavily counterfeit shares shorted BANGK Stocks and selling long FAANGs and others they have long positions on to raise liquidity to cover. Remember these hedge funds can use 50x to 100x margin instead of retail 3x max. This partially explains the recent upward price movement in CYDY with the lawsuit timed to help suppress the cover spike.
And is a very logical possible reason for the short squeezes in Game Stop and AMC. Heavy counterfeiting share would likely never be discovered if they went Bankrupt. As well as the almost insane Main Stream Media attacks (CNBC) on WSBets and broker restrictions on these "Stonks"
Stonk definition= Shares of a heavily illegal shorted Company so bad that it stinks and so if people rally to it it has nowhere to go but UP!
That one was a funny meme. This one is scary real regulatory cluster bombs with factual references. I think it describes what is happening in many revenue biotechs including CYDY and struggling retail now like GME and AME in fact any company short selling think they can force into Bankruptcy by shorting counterfeit shares.
www.counterfeitingstock.com
I think everyone should read this and send letters to your Congressmen and Senators. And to understand what is happening in the markets with Short hedge fund trying desperately not to be exposed by the WSBets movement and unwinding the heavily counterfeit shares shorted BANGK Stocks and selling long FAANGs and others they have long positions on to raise liquidity to cover. Remember these hedge funds can use 50x to 100x margin instead of retail 3x max. This partially explains the recent upward price movement in CYDY with the lawsuit timed to help suppress the cover spike.
And is a very logical possible reason to the short squeezes in Game Stop and AMC. Heavy counterfeiting share would likely never be discovered if they went Bankrupt. As well as the almost insane Main Stream Media attacks on WSBets and broker restrictions on these "Stonks"
When the finally uplift to AMEX or Nasdaq it will wash out all the shorts and counterfeit shares. But in today's regulatory environment they could potentially create new counterfeits to sell short. IMHO. But I like the stock! ??
They like the clothes of Express. They like the company. They like the stock.They like good reasonably priced headphones. They like KOSS Company. They like the stock.
Warren Buffet likes Coca Cola. He likes the stock. Warren likes Florshiem Shoes. He likes the stock.
Are you seeing the pattern?
They are looking for deep fn value and don't give a hoot what the lying Wall Street Short Sellers say.
This does not stop at Game Stop. It is just beginning millions of small Buffet like value investors are reclaiming the US Economy from the WallStreet RICOs.
I think you may misunderstand what is happening. They are not trading they are buying and holding main street companies against the greedy Wall Street boomers who are trying to destroy there main street retail companies and their jobs and futures through short selling companies into Bankruptcy for "Alpha"
These companies are infinitely less risky over the long term than biotechs these are Millenials that can hold stocks for 40 years. They are protecting their jobs and futures. In the process they might help the pensioners and save the US Economy from what Wall Street did to their parents.
They are looking for future value. There leaders name is u/deepfuc..ngvalue.
They got killed six years ago by hedge funds short selling Micron Technology a company they liked because they bought their products to build their gaming computers to play the games they bought at Game Stop.
They like the stock!
They like to go to movies and eat chicken tenders that they can not afford to eat because of Wall Street. They like BlackBerry it was their first smart phone Nokia too. They like the stocks because they like the Companies and they will not let Wall Street destroy them for Wall Street's Pagan God of Money Overlord "Alpha"