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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Kepler said:
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Dammit, just misses my town.
 
French Rage said:
Oh if only.
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You don't want to be there.

Come the revolution, Atherton burns alongside Scarsdale, Cherry Hills, Highland Park, Los Altos Hills, Southlake, Bronxville, Pacific Heights, Wellesley, Glencoe, Rittenhouse Square, Brownsville, Greenwich, Winnetka, Grosse Point, Larchmont, Great Falls, Westport, and McLean.

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Um.

I've heard.
 
dxmnkd316 said:
I don’t think blackrock and vanguard care to collude. They’re two of the largest managers of wealth in the world. They manage $15 trillion in assets. The largest hedge fund in the world has just under $100 billion. If BlackRock wanted to, they could use the $8 trillion under their umbrella and destroy these funds (the microbes on an anthill quote from contact comes to mind).

But they won’t. Because they don’t even care that these hedge funds exist. They are inconsequential. And it’s not in the interest of almost any of their largest managed funds investment strategy.

There is literally zero chance they do anything save for larger, policy-driven efforts.
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I mean, if it’s Vanguard and Black Rock’s shares that are being used for the short, is there a price at which they call their shares back? That’s all that I’m wondering.
 
I’m not real literate with the market or what is going on here.

it’s sitting at 300. If all these redditors keep holding, will it keep getting pushed up or do the big boys find a way to drive it back down?
 
Jimjamesak said:
I mean, if it’s Vanguard and Black Rock’s shares that are being used for the short, is there a price at which they call their shares back? That’s all that I’m wondering.
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No. I really don’t think so. Vanguard (and I’m assuming blackrock) don’t specialize in hedge fund style actively managed funds. They have a few managed funds, but it’s not their bread and butter. I’m guessing upwards of 70% of their assets are in things like total stock markets, total bond, Wellington, Wellesley, and the other standard funds organized by cap size, etc. Their funds aren’t meant to be traded, but rather invested in. You don’t buy vanguard if you want 30%. They are happy to lend out those shares, collect the interest, and ride out the price bubble.

A vanguard fund is meant to be bought and held for years or decades.


besides, if vanguard started selling massive amounts of shares enough to make an impact on the overall fund holding GME, they’d start to send ripples in the price.
 
aparch said:
All because one stock was over shorted and a group of dude bros held a personal vendetta against a guy who put a video together about why he over shorted $GME.

Amazing.
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Although there are also another dozen or so stocks they are trying to short squeeze too (Nokia, Blackberry, AMC, Bed Bath & Beyond, Koss, etc).

But I don't think anybody else had shorted > 100% of the existing shares of the stock, which sounds like it ought to be, what's the word I'm looking for?
 
Kepler said:
Although there are also another dozen or so stocks they are trying to short squeeze too (Nokia, Blackberry, AMC, Bed Bath & Beyond, Koss, etc).

But I don't think anybody else had shorted > 100% of the existing shares of the stock, which sounds like it ought to be, what's the word I'm looking for?
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Ill.... ill....

Illusory?

Illogical?
 
Yeah the Dude Bros are getting a lot of credit here but the ridiculously dumb decisions by the Hedge's opened the door. Honestly I am surprised one of Melvin's competitors didn't do it because that is how this usually plays out. Melvin tipped their hand badly and WSB saw it and acted on it.

While I think taking the Hedges and Banks down a peg or three is great I think people are lionizing WSB a little too much. I think some are drinking the "we are taking down the system" kool-aid. That isn't why they did this and it isn't why they are holding their positions. It is just a happy byproduct of the gambles they are taking.
 
Handyman said:
While I think taking the Hedges and Banks down a peg or three is great I think people are lionizing WSB a little too much. I think some are drinking the "we are taking down the system" kool-aid. That isn't why they did this and it isn't why they are holding their positions. It is just a happy byproduct of the gambles they are taking.
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It actually is why some of them are holding, now. A lot of them really mean it that they don't care if they lose all their paper profits if it means some ex-billionaire slits his own throat as his trophy wife packs her bags.

Some of them are just speculators with balls of cast iron.
 
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Kepler said:
It actually is why some of them are holding, now. A lot of them really mean it that they don't care if they lose all their paper profits if it means some billionaire slits his own throat as his trophy wife packs her bags.

Some of them are just speculators with balls of cast iron.
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That’s my take. I think a lot of them will hold.

that’s why I asked if there’s a way for them to get screwed over, but for the ones who bought in for way less than current price, it’s probably not terrible
 
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