Item — HN Reader

The SHF have not covered their shorts. The price movement can be related to several factors and if you want to believe that it means they've covered, you're welcome to. I would suggest reading more if you're interested.

The people that are holding and directly registering their shares know differently.

3 comments

No, sorry. The GME mythical doomsday that they have been predicting is not going to come.

There is no final reckoning, where GMR is going to shoot to 10 thousand dollars a share, and cause the world economy to crash.

There was a large initial spike, in retail investment, initially, and then when the hype went down, so did the price.

And that's that. The prophecy of the short squeeze isn't coming.

I'm glad you're confident. You have to understand that retail is also confident and it is directly registering its shares. When it reaches 100%, let's see.

Your position is not falsifiable. How long has to go on, with the prophecy not coming true for you to admit you are wrong?

As in give me a date. On that exact day, I can come back to you when the prophecy did not come true, and see if you are willing to admit that you were wrong, or if you will just come up with another excuse for why the prophecy is delayed.

Do you see the problem here? No matter what you say, if you give me a day for when the prophecy is going to happen, you can just make up an excuse later.

That's the issue with conspiracy theories. They are not falsifiable.

Your position is not falsifiable either. Show me the proof that they've covered. Of course you can't. But you're confident anyway. Based on what? You're certainly in the minority among retail investors. That makes /you/ the conspiracy nut, not them.

No one said this would take a day or a month. The expression is "diamond hands"; being patient is not easy. No one know when it will happen. But what we do know is that there continues to be a steady flow of investors whom are directly registering their shares every day.

Of course my position is falsifiable. If there is a massive prophetic doomsday, where the price of GME goes to 10 thousand, or a million dollars, and crashes the world economy, then my position would be falsified.

But with the prophecy predictors, the same is not the case. No matter how long goes on, with the doomsday not happening, a doomsday predictor can just make up an excuse for why the doomsday was delayed.

So once again, give me a date. Surely there must be a day, where if this goes on long enough, with no doomsday, that you will admit that you got duped, and this is all nonsense.

because I am happy to come back to you, on that day, to see if you are willing to take in new information, or if you will just come up with some excuse for why doomsday got delayed.

See the difference between your's , and my position? With me, if the doomsday happens, then that is when I am proven wrong. For you, if the doomsday doesn't happen, for however long, you can just make up a reason for why it got delayed.

Or, in other words, the doomsday is not falsifiable.

> /you/ the conspiracy nut

You are the one predicting a doomsday, supposedly right? Every day that the doomsday does not happen, is more evidence that I am right. Just give a date. Give me a day, when you will say "Well I guess the doomsday isn't coming". I will mark it on my calendar.

If you do not give a date, then you are literally admitting that your position cannot be falsified, because you are saying that no matter how long goes by, with the million dollar short squeeze, you will not be convinced.

I can be convinced. If price hits a million dollars, I was wrong. You can't be convinced, if you are unwilling to give a day when you'd admit that you got duped.

Most retail GME investors intend to hold and not set a date or trigger price. That's the strategy, actually.

Institutional investors that got caught naked short selling can manipulate the price and stall but they can't stall forever -- and every single day it gets harder and harder.

Will it go to $10,000? Who knows. There's a price not much above that which would crush world markets to the point where it would usher in the apocalypse. There would be intervention before that happened.

Very few of these GME investors are solely trying to make some money. They see a corrupt market place and they want to take it down. The SEC could have just done its job but it didn't. They could have stopped the naked shorting. They could have curbed the corruption. They didn't. Instead an army (make no mistake) of small retail investors are buying and holding and registering their shares. You may not understand it, but this is war.

And look at the vitriol. Flat-earthers? Conspiracy nut? It's funny because if I buy Netflix because I think the price will go up, no one tells me that. There are no articles saying, "Netflix's growth is over! Everyone sell! Please, God, sell!" Can you imagine the buy button (but not sell button) being turned off for Netflix for a day during a price run-up? Don't be confused. This is war.

If you want a date, let's give it two years. Who knows and frankly the investors don't care.

> And look at the vitriol.

The vitrol is due to the fact that no matter how long the conspiracy doomsday fails to happen, you will come up with an excuse for why the doomsday got delayed.

> If you want a date, let's give it two years.

So then, if in 2 years, the financial doomsday doesn't happen, you will admit "yep, I got totally tricked by an internet conspiracy, and have no idea what I was thinking, and I will try not be convinced by conspiracy theories anymore, and nobody should listen to what I had to say about any of this stuff previously"?

Or will you just make up another reason why the doomsday didn't happen?

> I think the price will go up

Its not about price going up by a couple percentage points. Instead, the issue is this unfalsifiable conspiracy, of financial collapse and doomsday that people are predicting, and will accept no amount of evidence to the contrary, no matter how long this doomsday fails to materialize.

Man, there’s a few of you left holding a random stock after a pump and dump you fell for faded. That’s it. That’s the reality. And somehow this has morphed into “we didn’t miss it !“, and then lastly into “this is war and we will take down the global financial system”.

Total nonsense, but entertaining in a car-crash kind of way.

Absurd. You could falsify the opposing position by providing data that shows significant short interest. Of course you will have trouble with this because all of the data confirms the opposing position.

On the other hand, your position cannot be falsified because you dismiss all of the available data as manipulated without proof.

Your account is only four hours old but you have a dozen comments in this thread, all of which are desperately pleading with people that the shorts covered, there's no squeeze possible.

Smells desperate.

Well, they suspect differently, that's not the same as knowing.

Sure. There is a lot of confidence on this thread both ways. No one will know until all shares are registered, which is why there is a rush by GME holders to DRS their shares with Computershare.

The markets have been corrupt for quite a while. This may be its Bastille moment.

I completely reject this both side thing. Every data point out there shows that these conspiracy theories are unfounded. Even the redditors who believe this nonsense have debunked them themselves through their own experiments (the shareholder vote, the DRS thing) and they keep pushing the goalposts.

There's no global conspiracy to hide shorts of GameStop. It's flat-earth level nonsense. The SEC report spelled everything out, I suggest reading it.

>No one will know until all shares are registered

So we'll never know, because it's obviously not going to happen. Retail doesn't even own half the shares, if redditors manage to hit 10M shares registered I'll be impressed. I really didn't expect to read this drivel on Hacker News frankly.

The DRS bot they use is also easily fooled. R/Gme_meltdown users regularly have false submissions accepted to prove the point.

While this is totally true, let's not forget Gamestop themselves announced that a bit more than 5.2M shares were registered with Computer share at the time of their last earnings report, with the bot estimating something like 7 or 8M based on average shares per post * estimated holder, so not that far off

That is hugely off, even if you assume 100% of the registered shares came from reddit, which would be a very silly assumption to make.

I see your point. My personal opinion is that sure the bot can't be trusted, but that when GME will give the updated numbers of registered shares, there will at least be 2 official data points on this subject... Depending on how high it is (only a minority of outside-of-the-US holders had been able to DRS as of October 30th, not the case anymore), we'll either get an estimation on when a full lock-up of the float would happen, or a new cycle of trying to find the next catalyst ¯\_(ツ)_/¯

> The SHF have not covered their shorts

What is a "SHF"? What data do you base this on? Last I checked, short interest is around 20%.

That's the public information available. There are many ways of hiding short positions like with ETFs. Look at the XRT (an ETF holding GME). Note, I have GME in my portfolio, there's more to GME than the squeeze.

It is a video game rental company with some uninspiring financials. What more is there to GME?

I believe you are wrong about both statements in your first sentence.