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Re: XenaLives post# 296037

Wednesday, 02/03/2021 8:25:29 PM

Wednesday, February 03, 2021 8:25:29 PM

Post# of 460347
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.
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