Quarterhill Inc T.QTRH

Gamestop

[onlygame]

This entire story is too funny,

"Short-sellers bet by borrowing shares from so-called prime brokers (Goldman, Sachs and JP Morgan Chase are among the biggest), selling them, and waiting for the price to drop, at which point they buy them back on the open market at the lower price and return them. The commonly understood rub is that prime brokers don’t always really procure those original borrowed shares, and often give out more “locates” than they should, putting more shares in circulation than actually exist (as in this case). GameStop is exposing this systematic plundering of firms using phantom shares and locates, by groups of actors who now have the gall to complain that they’re the victims of a “get rich quick” scheme."

I have mentioned this in the past with QTRH. 

Naked Shorting was illegal. At least it used to be. I understand the SEC can't possibly monitor or audit all these trades and the brokers know it. Now it's a free-for-all. How can we be sure some of the QTRH selling isn't a bunch of naked shorts? This allows them to do what they want with SP in low and medium volumes.

I might have some simpathy for the hedge funds, IF they didn't cheat.

On the downside, day is coming when the real valuation matters again. Who's first to the exit. Less experienced traders will get hurt bad.

[cabbieJBJ]

Onlygame, that looks like a quote from Matt Taibbi article on Substack.  It's a well done piece, as his writings generally are.  Here is a link to the Substack article: https://taibbi.substack.com/p/suck-it-wall-street?token

[Socrates1]

The real story on GAME STOP that nobody is smart enough to explain! All you fools believe the MSM lies day after day..bla bla bla bla.... This is why I make money and YOU dont! 8k since DEC. 22... like i've said some do some watch...... QTRH???? good luck ------------------------------------------------------------------------------------------- When we look at the Timing Array, January

[Justhalffull]

The Gamestop story has not yet finished.  There will be many left holding the bag when the sp falls back below $20, which is all it is worth.  And when it starts, you will have no buyers to sell to.

[v_guerriero]

It is an interesting situation.  If you think about it in very simple terms there are essentially 10k people that own $1M in stock.  There are many holding more than that.  Others less.   Shorts have a position of -140%.  So the equivalent of 14k people holding a negative $1M obligation to buy stock.  And they have to buy the stock.   Astoundingly, the

[onlygame]

v_guerriero What I find fascinating is we've heard for decades about the risks of shorting i.e. the possibility of the SP going up and the shorter potentially accumulating infinite losses. It was "in theory" of course because most shorters that got squeezed would cover as soon as they realized they were in trouble. Here, possibly for the first time in a long time, if not

[v_guerriero]

Yes, what astounds me is that these "superior" investors forgot about risk management and position management. They had hubris to think shorting 140% of a stock was wise.   Now we will find out if these positions will create systemic risks and a Long Term Capital event.  Did they take these positions because they know they are too big to fail and there is always the

[Maxxprop9]

What a whack job !

[Barrhavenite]

I had no idea why my BB was rising and BB issues statement they don't know either. Too much garbage on the BB board but finally checked in there and all the talk about Redditt and WSB. I only ended up selling some BB at $27. I believe my WEED and BLDP are heavily shorted also and if they or BB takes off again I will know exactly what to do. Learning experience for sure.