Tag: GameStop Short Squeeze (Page 1 of 2)

Yahoo Lists AMC and GameStop in Mark Cuban’s Portfolio

Mark Cuban AMC and GameStop
Market News: Does Mark Cuban own AMC or GameStop shares?

Yahoo Finance just published 10 stocks to buy now tied to Mark Cuban’s portfolio.

AMC and GameStop are two retail favorites listed on Yahoo’s list (below).

Mark Cuban jumped on WallStreetBets to do an AMA last year after the ‘meme stock’ frenzy first occurred in late January of 2021.

“If you can afford to hold the stock, you hold. I don’t own it, but that’s what I would do.

Why? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work.

I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB.

I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again. The only question is what broker do you use. Do you stay with RH, who is going to have the same liquidity problems over and over again, or do you as a group find a broker with a far, far, far better balance sheet that won’t cut you off and then go ham on Wall Street.”

Now, although Yahoo Finance listed both AMC and GameStop tied to Mark Cuban’s stock portfolio, he said in the AMA that he does not own them.

He mentioned to CNBC later that his son did trade AMC and Blackberry.

Mark Cuban on the SEC

Mark Cuban on the SEC

Mark Cuban and Elon Musk have been two billionaires that have blatantly spoken out against the SEC.

Since its inception, the SEC has sworn to protect retail investors but has only proven to be complicit to market injustices.

An out of touch Gary Gensler has made it rather clear that keeping his job is more important than actually enforcing the law.

Here’s what Mark Cuban had to say about the SEC:

“The SEC is a mess. I wouldn’t trust them to do the right thing ever. It’s an agency built by and for lawyers to be lawyers and win cases rather than do the right thing

If the SEC gave a shit about ANYONE other than Wall Street you would be able to go there right now and read bright line guidelines about insider trading, shorting, what is a pump and dump, what are the rules for cutting off the purchase of stocks like happened with GME et al

But they won’t. They would rather litigate to regulate, which means they love to sue people in order to create new legal precedents.

All you need to know about the SEC and how badly they want to fuck the little guy is that they have the option of using JUDGES THAT WORK FOR THE SEC when they sue you rather than you have the option to have jury of your peers in front of a judge that is independent. Thats how bad the SEC is. If you want fair markets that doesn’t benefit Wall Street call your local politician and show them this.”

You can view Yahoo Finance’s list here.

Related: AMC’s Short Interest Rises to 21.64%

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GME Stock Sees a Massive Increase in Trading Volume

Stock Market News Today: GME Stock gets halted during surge.
Stock Market News Today: GME Stock gets halted during surge.

GME stock saw a massive increase in trading volume on Monday when the stock jumped to nearly $35 per share.

The surge came after S3 Partners CEO announced GME stock could go parabolic if it rose to $30 per share.

GameStop was halted twice on Monday after the market opened and has slowly trended downward since.

The stock was forced to lose its momentum despite the heavy trading volume seen early in the trading day.

GameStop’s volume surged nearly 5 times its average trading volume on Monday but was prohibited from surging.

GME Stock Halt October 31, 2022.

Retail investors are calling S3 Partner’s announcement a setup, or trap to burn shareholders.

But Wall Street can easily create a big sell order in the market despite of heavy volume from retail, the question here is why not go long with them?

Last year, GameStop and AMC shareholders were able to inflict hedge funds who were betting against the two companies with billions of dollars in losses.

Are retail and hedge funds at war with one another?

It certainly seems so.

Is a GameStop Short Squeeze Likely?

GameStop short squeeze

Despite the market advantages financial institutions have over retail investors, large continuous volume over a period of weeks could trigger bigger price action for GME stock.

One-day rallies of heavy buying volume isn’t enough to combat market makers.

Like last year, it’s going to take continuous buying pressure to compound the momentum that will likely result in a GME short squeeze.

But I’d love to know your thoughts on the matter.

Leave a comment down below.

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S3 Partners CEO Says GME Stock May Squeeze Again

GME Stock squeeze | S3 Partners GME parabolic news.
GME Stock squeeze | S3 Partners GME parabolic news.

S3 Partners CEO Bob Sloan said in an interview with Yahoo Finance that if GME stock goes above $30, “you could see something parabolic”.

Yahoo Finance asks the CEO if there is enough short activity or short volume in GameStop’s float to cause something at scale like what we saw in the beginning of 2021.

Bob Sloan says that if you look at GME, there is still one to two billion short on the stock.

He then warns that if the stock goes past $30, it’s very likely we see some massive upside.

Will GME Stock Squeeze in 2022?

GME Stock squeeze | S3 Partners GME parabolic news.
GME Stock squeeze | S3 Partners GME parabolic news.

S3 Partners CEO Bob Sloan says there’s a great probability of GME Stock going parabolic if it hits $30 per share due to the massive amount of short activity currently present.

S3 Partners provides data and predictive analytics.

The company also provides accurate and real-time short interest; logging how much is being borrowed or loaned in a float.

The high short interest in GameStop is what caused GME stock to skyrocket in late January of 2021.

Short sellers were forced to close their positions in GME stock when retail investors were able to push the stock price up as a collective.

The short covering further fueled the momentum and GameStop shares flew to nearly $400 per share.

AMC Entertainment had a similar occurrence when shares jumped from $2 per share to $20 per share.

In June, AMC rose again from $14 per share to its current all-time high of $72 per share.

Retail investors holding both stocks have been buying and holding for over a year now, anticipating even larger moves.

Related: AMC's Social Media Move is A Sleeping Giant

Are You Holding GME Stock?

GME Stock squeeze | S3 Partners GME parabolic news.

Leave your thoughts below.

Will GameStop squeeze again?

Or are we merely looking at another simple price runup.

I’d love to know what you think.

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How to trade the stock market.

GameStop Short Sellers Eat $443.4m in Losses

GameStop Short Seller Losses
Market News: GameStop Short Seller Losses | GameStop outperforms S&P 500

GameStop short sellers are having one of the worst months this year.

Investors betting against the stock have amounted more than $443.4 million in losses, according to S3 Partners, LLC.

Hedge fund Melvin Capital closed earlier this year when it failed to recuperate from its losses shorting GameStop last year.

S3 Partners, LLC recently released a report showing AMC short sellers have lost more than $1 billion this year so far.

It seems financial institutions have not learned their lesson this year.

Here’s the latest market news surrounding GameStop and short seller losses.

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GameStop outperforms the S&P 500

GameStop outperforms the S&P 500

The market has been down all year, but GameStop has managed to outperform the S&P 500 index.

The SPY is down more than -17% this year while GME stock has managed to hover at -12.70% this year-to-date.

Looking at the 6-month chart and we’ll find GameStop outperforms the S&P 500 by a long shot.

On the 6-month chart, GameStop is up +42% and SPY is down -8%.

The one-month charts are fairly similar with both up about +2% in July.

And with GameStop’s stock split making the stock more affordable, it’s fair to say more investors will be jumping in on it.

It’s very possible GameStop short sellers end up getting caught at the wrong end of the trade again as the third quarter ends and we transition towards Q4 in October.

According to a report published by S3 Partners on July 21, GameStop has been among the top 10 most unprofitable stocks for short sellers during July 2022.

Other companies on that list include:

  • Tesla
  • Apple
  • Amazon
  • Nvidia
  • Visa
  • Coinbase
  • Lucid
  • Meta
  • Microstrategy
Most unprofitable shorts July 2022
Most unprofitable shorts July 2022

The loss of -$443,463,550 is equivalent to a net loss of -24.22%.

Tesla, Apple, and Amazon had the most unprofitable shorts for the month of July, netting billions in losses.

Related: List of The Best Stock Tickers to Day Trade

Retail sentiment in GameStop

The retail sentiment in GameStop is still rather strong and bullish.

And because GameStop’s reported short interest is still quite high at 23.86%, it’s very possible big momentum is able to squeeze the remaining short sellers from their positions.

Another short squeeze is still very possible for GME stock.

Are you a shareholder?

Leave your story in the comment section of the blog down below.

Related: How to Invest in The Stock Market for Beginners

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GameStop 4-1 Stock Split Makes Buying It More Affordable

GameStop 4-1 Stock Split
Market News: GameStop announces 4-1 stock split

GameStop just approved a 4-1 stock split.

The proposal was on the table for months, but Dow Jones Newswire has officially confirmed it.

Shareholders have been waiting for this fundamental catalyst in hopes of scaring short sellers and finally creating a proper GME short squeeze.

But this is more than just a short squeeze catalyst.

If you’re a true believer of the company and in the innovation and future of where it’s going in the NFT space, now is the perfect time to look into owning a piece of the company.

It’s about to get pretty damn affordable.

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GameStop announces 4-1 stock split

GME 4-1 stock split explained
GME 4-1 stock split explained

GameStop Corp. on Wednesday said its board approved and declared a four-for-one split.

It’s the first time GameStop has split the stock since 2007 making it the second time in history it happened.

GameStop had done a 2-1 stock split thirteen years ago.

So, what does a 4-1 stock split even mean?

It means that current GME shareholders will receive 4 shares of GME stock for every one share they currently hold.

If you’re holding 1 share of GameStop in your stock portfolio, you will receive 4 shares of GME stock.

Shareholders with 1,000 shares of GME stock will receive 4,000 shares.

However, this does not mean GameStop’s share price will quadruple in the process.

On the contrary, GameStop’s current share price will be divided by four.

The stock closed at $117.43 on Wednesday and has jumped more than 8% after hours.

What will GameStop shares be worth after the stock split?

Based on Wednesday’s number figure, GME stock will be worth approximately $29.35 after the split, making the stock much more affordable for the public to invest in.

GameStop stock split date

GameStop 4-1 Stock Split

Investors who purchase GME stock before July 18 will receive the additional shares in GameStop’s 4-1 stock split.

Some investors might wonder, why is GameStop splitting its stock?

Often times when a stock’s share price has reached high levels, a company will issue a stock split to make it more affordable for the public to purchase.

We’ve seen this happen with Tesla (TSLA) and Apple (AAPL) in the past.

Amazon recently had a 20-1 stock split, making it extremely affordable to add AMZN stock to your portfolio.

Stock splits are a common way to attract more investors towards a growing company.

Are you a GME shareholder?

How many shares of GME stock will you own after the stock split?

Or are you a curious investor who is thinking of buying GME after the stock splits at a much more affordable price?

And lastly, will GameStop’s 4-1 stock split be a catalyst to finally squeeze short sellers from their positions?

I’d love to hear your thoughts.

Leave a comment down below.

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Citadel Pushes Back on Possible SEC PFOF Ban

SEC PFOF Ban
Market News: SEC PFOF Ban threatens corrupt institutions

The SEC is addressing the possibility of banning PFOF (payment for order flow).

Citadel and other institutions are speaking out.

Gary Gensler said there may be a conflict of interest for brokers and that too much power is concentrated in a handful of market makers.

The SEC Chairman could be re-routing retail investors into an automated system that would provide a deep pool of liquidity.

If this goes through, it will be historic.

Let’s discuss it.

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SEC Payment For Order Flow ban

SEC PFOF Ban

Gary Gensler will be speaking on Wednesday in regard to best execution for market orders.

The SEC has been under heavy scrutiny by retail investors as the agency has not made any progress to level the playfield.

The government branch that’s supposed to protect retail investors has even gone as far as taunting investors for buying ‘meme stocks’ recently.

But industry participants have quietly been saying that Gensler will likely use a speech at the Piper Sandler Global Exchange Conference on Wednesday to float several proposals.

These may include best execution and payment for order flow according to CNBC.

Last year during the ‘meme stock’ frenzy, Citadel processed retail’s orders through Robinhood.

Citadel paid Robinhood to give them those orders (PFOF).

However, retail investors don’t want their orders going to Citadel since the market maker/hedge fund/dark pool are short on ‘meme stocks’.

90%-95% of retail’s orders are not processed though the lit exchange.

Citadel takes these orders and trades them at a bargain through foreign exchanges.

Although PFOF is an expense to them, they make a lot more money processing the orders.

If the SEC PFOF ban goes through, orders would not be processed by Virtu or Citadel.

Citadel fights back

A spokesperson for Citadel Securities released the following statement to CNBC:

“It is important to recognize that the current market structure has resulted in tighter spreads, greater transparency, and meaningfully reduced costs for retail investors. We look forward to reviewing the proposals and working with the SEC and the industry towards our longstanding objective of further improving competition and transparency.”

“You need to be very deliberate on that approach,” Ken Bentsen, president and CEO of the Securities Industry and Financial Markets Association (SIFMA) said.

“We have been calling for a review of market structure for some time, but let’s be careful not to try to fix things that may not be broken,” he said. “The retail investor is getting a better deal than they ever have.”

Would you pay small trading fee if it meant Citadel and Virtu no longer reroute your orders to benefit their pockets?

Leave a comment below.

The statement alone that retail is getting a better deal than ever before is such a dishonest thing to spew.

These institutions have been taking retail’s money, using it against them, all while taking no accountability for their actions.

It’s not clear yet whether the SEC PFOF ban will go through or not.

It is certainly something worth discussing though, don’t you think?

Leave your thoughts below.

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Is RDBX Stock a Short Squeeze Play?

RDBX Short Squeeze
RDBX Short Squeeze

Redbox (RDBX) stock has been gaining a lot of attention on Reddit recently.

The stock’s short interest data has exploded in only a months’ time.

This article is for educational purposes only and is not considered to be financial advice.

I’m going to break down what’s going on with RDBX stock down below.

Let’s get started.

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RDBX short interest data

RDBX Short Interest
RDBX Short Interest

Redbox stock is heavily shorted.

Like, very heavily shorted.

RDBX stock jumped from a 30% short interest to its current 162.44% in just a little over a month.

The cost to borrow is at 571.05 and utilization is at 100 meaning every share available is out on loan.

Redbox has a small float of 8.83 million, and with an extremely high SI of 162.44% short sellers are overleveraged.

The short interest data is what allowed retail investors to predict GameStop and AMC would have massive runups.

Last year GameStop saw gains upwards of 1,500% while AMC saw gains over 3,000%.

Is RDBX stock a short squeeze play?

Very much, but it’s going to need momentum to squeeze shorts from their positions.

Will RDBX stock squeeze?

RDBX stock will need heavy buying pressure to squeeze short sellers from their positions.

We saw that heavy buying pressure played a very big role in squeezing some shorts from both AMC and GameStop last year.

Redbox stock already has the overleveraged position perfect for a short squeeze, now the short squeeze play needs momentum from retail.

Enough buying pressure (high volume) would drive RDBX stock’s price up which could cause short sellers to panic and close their short positions.

It’s this same strategy that drove AMC and GameStop to all-time highs last year.

And although AMC and GameStop aren’t done running, RDBX stock has enough short interest to initiate the first wave.

How soon will RDBX stock squeeze?

It’s highly likely RDBX stock will squeeze as more retail investors discover its short interest data.

But investors beware.

Last year SPRT stock had an insane short interest as well but merged with Greenidge eliminating the short interest data and leaving investors holding the bag.

Keep a lookout for Redbox news and updates.

If you would like me to touch more on RDBX stock leave a comment below so I know there’s interest in this stock.

I presented AMC’s short interest data for many months prior to its runup to $72 per share, it’s possible we have something going on here.

How high will Redbox stock go?

how high will redbox stock go

It’s difficult to identify how high a Redbox short squeeze will go.

But like any short squeeze, we can expect the price to shoot up thousands in gains.

AMC saw gains over 3,000% last year and GME stock saw gains up to 1,500%.

Plugging in these percentages with Redbox’s current share price would put RDBX stock anywhere between $95.85 to $191.70 per share.

A RDBX short squeeze could be less or higher, but one thing is certain.

Redbox is a short squeeze play due to how high the short interest data is.

I’m curious to know your thoughts on this.

Are you holding RDBX stock?

Leave a comment below.

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Related: Redbox Short Interest Data Updated Daily Here

These Two Signs Will Tell You a Short Squeeze is Over

These two signs will tell you a short squeeze is over
Keep an eye out on these two things.

How will we know when a short squeeze is over?

There’s going to be signs traders will want to keep an eye out for.

In this article, I’m going to be going over them in detail and will be using AMC and GameStop as examples.

Be sure to read to the end so you don’t miss a thing.

Let’s get started.

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#1. Short interest

short interest

The short interest of a stock shows us the percent of a company’s float that is being shorted.

The reason AMC and GameStop were able to see price surges last year is because a small percent of short sellers closed out their positions in these stocks.

AMC’s short interest dropped from 20% to 14% when it had skyrocketed to $72 per share last year.

Today, AMC’s short interest is: 22.05%

GameStop’s current short interest is: 24.99%

You will know a short squeeze is over when there is no more short interest in an underlying stock.

You cannot have a short squeeze play if there is no short interest.

For example, HYMC stock’s short interest had surged prior to AMC’s acquisition.

The stock’s price surged and days later we saw the short interest plummet, and it continues to plummet.

HYMC’s short interest today is: 2.85%

A short squeeze for HYMC seems unlikely at this low of a percentage – there are simply not enough short sellers to squeeze and create a big price runup.

SI goes up and goes down

If HYMC’s SI was to surge, then it increases the possibility to squeeze shorts at a high enough short interest percentage.

However, it’s important to look at how short interest moves.

I update AMC’s, GameStop’s, HYMC’s and many other stocks’ short interest daily here.

If HYMC’s short interest keeps going down, don’t expect a short squeeze from Hycroft any time soon.

Hypothetically speaking, if AMC or GameStop’s short interest drops by 5%, then you know there’s still ‘squeeze’ juice, leaving AMC and GME at 17% and 19%, respectively.

Keep an eye on the short interest, it’s important to identify how many shorts are still in the game as AMC and GME begin to move up again.

#2. Utilization falls

AMC’s and GameStop’s current utilization are both at 100.

The utilization is the number of all outstanding loans available for lending.

You will know a short squeeze is over when AMC’s or GameStop’s utilization falls extremely low, when there are almost no shares available to loan.

For example, Ford (F) has a utilization of 1.14.

Apple (AAPL) has a utilization of 0.06 and Tesla (TSLA) has a utilization of 3.76.

The utilization tells us how much lending is happening in a security to short it.

And as long as AMC and GameStop are being heavily shorted, both are a short squeeze play.

Keep an eye out on the utilization, updated every trading-day here.

I hope this article was easy to digest and the information was straight to the point.

Have any questions, thoughts, or opinions?

Leave a comment below.

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Related: AMC's Shares on Loan Are at An All-Time High

Ken Griffin Attacks: “Pension Plans Destroyed by Retail Investors”

Ken Griffin on Retail Investors
Market News: Ken Griffin on retail investors

Ken Griffin accused the retail community of destroying teacher’s pension plans by taking down Gabe Plotkin’s Melvin Capital.

Melvin Capital is a hedge fund that was short on ‘meme stocks’ holding a large position in GameStop.

The company is scheduled to shut down in June after it had suffered a 50% loss in 2021, and an additional 20.6% in the first quarter of 2022.

Sources say Melvin Capital has already begun to liquidate its positions to pay back investors in cash.

In this Bloomberg exclusive, Ken Griffin plays a role of the victim, defending Mr. Plotkin and the hedge fund whose mission it was to bankrupt GameStop.

Ken Griffin’s Citadel is also short on AMC Entertainment – the hedge fund lost billions last year betting against retail.

Let’s discuss it.

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CNBC mourns the loss of Melvin Capital

CNBC says Melvin was one of the biggest victims from the meme stock frenzy last year due to its large short position in GameStop.

They say Citadel and Point72 had to provide Melvin Capital with a lifeline to stay above the water.

The hedge funds combined provided Gabe Plotkin with $2.75 billion in capital last year.

However, as things went south quick for Melvin, both hedge funds demanded the capital back.

Something Ken Griffin and his affiliates fail to mention.

Mainstream media has also danced around the fact that hedge funds planned to wipe American companies by overleveraging their short positions during the pandemic.

Success in doing so would delist AMC, GameStop, and other meme stocks from the stock market.

Betting against companies with intention to bankrupt them to the ground is no charity work.

It’s un-American and a nefarious practice that has dragged out for too long.

Ken Griffin blames retail investors

In the video below, Ken Griffin gives his thoughts on retail investors and the entire ‘meme stock’ phenomena.

Ken Griffin takes a jab at the retail community saying retail investors who aimed to bankrupt Melvin Capital also wiped-out pension funds from teachers.

But Ken, retail investors don’t get up in the morning and think to themselves, “let’s wipe out a multi-billion-dollar hedge fund.”

Melvin Capital lost because he went against retail – the first time in history the people fight back corruption in the stock market, and win.

Ken Griffin lost billions shorting AMC stock, the retail community is currently his biggest adversary.

AMC shareholders continue to buy and hold the stock until short sellers exit their positions, which will result in a short squeeze.

Today’s retail investors are armed with education, they understand what they hold and what it’s doing to hedge funds.

While Ken Griffin and affiliates might be pumping a narrative as victims, high profiles such as Elon Musk, Jon Stewart, and Ryan Cohen have stood up against short sellers.

For the first time in history, Wall Street is getting their a** kicked, and these hedge fund managers certainly do not like that.

Hedge funds should prepare for bigger losses

Institutions are about to lose a massive amount of collateral due to executive order 14032 in early June.

This presidential order is prohibiting Chinese securities to be used as collateral starting June 2nd, 2022.

It was responsible for initiating margin calls when AMC Entertainment stock rose to $20 per share in January, and $72 per share in June of last year.

With liquidity drying up in global markets, it’s going to be quite difficult for hedge funds to keep up with margin requirements on heavily shorted ‘meme stocks’.

Massive selloffs in the market have proved just how distressed financial institutions are.

We’re seeing for the first-time hedge funds begin to shut down as they take the lead in liquidity burn.

Retail investors have been the majority of buyers in today’s markets according to Bank of America.

Hedge funds are headed towards a larger train-wreck of disaster they cannot get off of.

As they continue to tank the markets, margin requirements go up thanks to DTCC B16845-22.

Hedge funds have lost control.

But I’m curious to know what you think.

Leave your thoughts in the comment section of the blog below.

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Will GME Stock Split Force a Short Squeeze?

GME Stock Split

GameStop announced a GME stock split late March which should have received more attention than it did.

GME stock surged afterhours when the announcement was made public but failed to maintain its momentum as we’ve seen in the weeks since.

What will this split/dividend mean for shareholders and short sellers alike?

Let’s break it down together.

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GameStop announces stock split in form of dividend

GameStop stock split dividend

Let’s discuss what a GME stock split in the form of a dividend would mean for both shareholders and short sellers.

When GameStop first announced the stock split/dividend news, I published an article breaking down how a stock split and dividend essentially work.

You can read the article here for a more in-depth description on the two.

But no matter how you take it, one thing is certain.

The borrower of the stock is responsible for paying any dividends to the lenders.

Here’s what we can see happen before the split/dividend.

1. Continuous shorting in GME stock

I don’t expect short sellers to ease off shorting GME stock prior to a stock split or dividend.

Afterall, we are in a bear market.

So, the market sentiment overall continues to be on a downtrend.

In a recent article titled, “How close are AMC and GameStop to squeezing?“, I explain how a bull market will trigger massive price action in both these stocks.

Primarily because the market sentiment during this time will be sending share prices upward.

Shorts will have to close to their positions to profit from this bear market, or face riskier bets on the way up.

So, while the GME stock split is bullish in nature, stocks are being kept in line due to the bearish course of the markets in general.

2. Gamma prior to approval of stock split/dividend

GameStop’s stock split/dividend still has to be approved by the board and shareholders.

The game retailer merely announced the move; however, it must undergo the approval process.

You can bet short sellers will be on a ticking time bomb before this process goes into full effect.

You see, the lender is going to want their dividend.

If you short sellers don’t want to pay this dividend to the lender, they’ll have to return the shares they borrowed in the first place.

This is where we can expect to see big gamma occur prior to GME’s stock split becoming official.

What will happen if shorts don’t deliver borrowed shares before stock split?

If GameStop’s price surges, shorts will accrue greater losses and the lender will still require shorts to pay back that dividend.

Any dilution from a stock split won’t necessarily affect short sellers, but if a dividend is approved then shorts will have to pay that dividend to the lender.

The issue of a stock split/dividend has often been seen as bullish.

Shorts betting on this play could be exposing themselves to very big risks.

Will a GME stock split or dividend expose naked shares?

There’s this concept floating around that a GME stock split or dividend yield will expose many more shares are circulating the market than there are in existence.

I can’t speak too much on this, but I would love to know your thoughts on this below.

It’s an interesting concept that would essentially unveil millions to billions of synthetic shares.

The premise behind this concept is to expose the shares and get short sellers to close every single share, resulting in a GameStop MOASS (mother of all short squeezes).

Leave your thoughts in the comment section of the blog.

What will this move mean for shareholders?

GameStop shareholders will be able to vote on this GME stock split/dividend.

A stock split will dilute the float providing shareholders with more GME stock shares at a lower price.

An approved divided will yield quarterly or yearly compensation for holding the stock.

It’s extremely bullish if you’re a shareholder and believe in the company’s long-term vision.

GameStop and Loopring just launched their beta NFT marketplace last month.

The company is evolving into a tech company with its ecommerce foundation and use of blockchain technology, which we will see more of in the metaverse without a doubt.

GameStop is adapting to the use of new technology for the future of gaming and I’m excited to see this space evolve.

I’d love to hear your thoughts.

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