Read on Twitter
Before @AOC / @chamath (maybe this reaches them) here's a timeline:
1) Michael Burry, a la big Short, buys $GME, due to balance sheet
2) Ryan Cohen, of $CHWY fame, acquires 13% of $GME at $7, Sept 14h
3) Sept 2020, r/wallstreetbets notices the 140% short on $GME after this news
1) Michael Burry, a la big Short, buys $GME, due to balance sheet
2) Ryan Cohen, of $CHWY fame, acquires 13% of $GME at $7, Sept 14h
3) Sept 2020, r/wallstreetbets notices the 140% short on $GME after this news
4) Melvin capital gloats about their short online due to pandemic,
5) Reddit starts doing deep ITM calls and selling puts to acquire $GPS cheap (see screenshot for whale view). Expects squeeze in December due to holiday sale
6) Pandemic continues, shorts double down, copy cats
5) Reddit starts doing deep ITM calls and selling puts to acquire $GPS cheap (see screenshot for whale view). Expects squeeze in December due to holiday sale
6) Pandemic continues, shorts double down, copy cats
7) Jan 19 2021, Citron research famously shorts $GME via video.
8) Ten minutes before report, http://unusualwhales.com notices massive put buying. This is the idea of "insider dinners", privileged info except for retail ( https://twitter.com/unusual_whales/status/1351545078255394822)
9) The rest is history.
8) Ten minutes before report, http://unusualwhales.com notices massive put buying. This is the idea of "insider dinners", privileged info except for retail ( https://twitter.com/unusual_whales/status/1351545078255394822)
9) The rest is history.
