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Official No Beer Left Behind Podcast. Cheers! "You can't wait until life isn't hard anymore to be happy"
Jan 27, 2021 17 tweets 3 min read
Thread 2: As an example, the largest injection that we know of was a $2.5billion cash infusion meant to shore up a large fund that publicly berated the r/wallstreetbets @wallstreetbets crowd about $GME, and based on the current short interest (still 136%) it seemed as though most were successful in posting margin thus far.
Finally, today... this morning the stock didn't do much, up 10%-15%, then something happened.
Jan 27, 2021 27 tweets 5 min read
Thread 1: If you've been following Wall Street these past couple of days you've likely heard several stories about the GameStop (GME) short squeeze that's actively taking place. You've probably, unless decently well versed in finance, not fully understood what is happening, nor why this is such a cataclysmic event in the history of finance.
Jan 26, 2021 8 tweets 2 min read
What your seeing in $GME is every hedge funds worst nightmare. This stock was so cheap a few weeks ago they didn’t think twice about meeting their margin calls on the shares they sold short, thinking there’s no way this momentum continues. Not only did it continue, The ripple turned into a tsunami. Tonight there are several funds likely making frantic calls for additional cash as the positions they hold need billions more in cash by open tomorrow. They have a very stark decision facing them atm.