Replies to post #41175 on Tesla Inc (TSLA)

[boston745]

Heres how untrue that article is:

Nine Investors Instantly Make $16 Billion On GameStop Stock 'Squeeze'

Nine investors, including large fund-running institutions like Fidelity FMR and BlackRock (BLK) plus some well-positioned individuals like Chewy (CHWY) co-founder Ryan Cohen watched the value of their GameStop holdings soar more than $1 billion. That's based on an Investor's Business Daily analysis of the most current holdings reported to S&P Global Market Intelligence. It's possible some of these investors may have boosted or cut their stakes since the rally.

GameStop's financial future isn't all that bright. But it's still a member of the S&P Small Cap 600 index and Russell 2000. As a result, large index small-cap funds and ETFs are forced to own it. That's looking smart now.

Chewy co-founder Ryan Cohen keeps finding himself in the right place at the right time. He is the single-largest individual owner of GameStop shares after a Jan. 10, 2021 transaction. He now owns 9 million shares, or nearly 13% of shares outstanding. That translates into a practically overnight gain of $2.9 billion this year. Cohen is also on GameStop's board of directors, as well as Chewy and PetSmart.

Those funds that may increase their positions will churn shares over and over again and then short it back down. They needed retail to help create momo in what was a losing position.

https://www.investors.com/etfs-and-funds/sectors/gme-stock-gamestop-investors-instantly-make-16-billion-gamestop-stock-squeeze/

[AgelessMan]

Thanks for the excellent article on shorts and Tesla. I never would have seen this as the NY Times is such liberally biased rag I stopped reading it years ago. With articles like this and criticizing Bidens unpresented voluminous executive orders, maybe they are starting to grow a conscience?