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Like it makes sense that they re goingout of business, but they seemto be making some plays. alvan chow:and then i just noticed this extremelyastounding figure, the 140%short interest figure. sir jackalot: 140% shortinterest ratio on one stock. that means there are moreshorts than shares that exist. [laughs] all the shares outstanding for the companywere basically shorted, which is absurdand unprecedented. alvan chow:so i tried to look for a historical precedenton what would happen if somethingwas over 100% shorted, but there was nothing. stock expert:when you sell stocks short, you re betting that the marketis going to go down. and if you re wrong,the stock can go up against youvery sharply, and you have to close thatposition, usually at a loss. so you can see guyson wallstreetbets who knew what they were doing. these guys are smart.they understand, ok, we can get leverageon this thing, right? ....
[laughs] all the shares outstanding for the companywere basically shorted, which is absurdand unprecedented. alvan chow:so i tried to look for a historical precedenton what would happen if somethingwas over 100% shorted, but there was nothing. stock expert:when you sell stocks short, you re betting that the marketis going to go down. and if you re wrong,the stock can go up against youvery sharply, and you have to close thatposition, usually at a loss. so you can see guyson wallstreetbets who knew what they were doing. these guys are smart.they understand, ok, we can get leverageon this thing, right? i know that if we gathertogether, there s a point here at whichwe can really push against hedge funds enoughto force them to cover. we can force the market. we can forcethis stock higher. - all these short sellersbuying back their position drives the stock higher and squeezing outall the short players from the market.that s a short squeeze. ....
That they re goingout of business, but they seemto be making some plays. alvan chow:and then i just noticed this extremelyastounding figure, the 140%short interest figure. sir jackalot: 140% shortinterest ratio on one stock. that means there are moreshorts than shares that exist. [laughs] all the shares outstanding for the companywere basically shorted, which is absurdand unprecedented. alvan chow:so i tried to look for a historical precedenton what would happen if somethingwas over 100% shorted, but there was nothing. stock expert:when you sell stocks short, you re betting that the marketis going to go down. and if you re wrong,the stock can go up against youvery sharply, and you have to close thatposition, usually at a loss. so you can see guyson wallstreetbets who knew what they were doing. these guys are smart.they understand, ok, we can get leverageon this thing, right? ....
He does kind of seem likehe s forward-thinking. alvan chow:after that, i was just in fullinformation-gathering mode. keith gill:hey, jeffamazon. welcome back, jeff.welcome back. alvan chow:we were just getting to really know the company. - there s so muchnegative commentary. i just thinkthat this sentiment is so negativethat it s overdone. that s what i m trying to get at in this section. matt kelly:i saw a post from michael burry.i knew who michael burry was. i ve seen the big short. there was an article about him investingin gamestop. i can see whypeople think gamestop is going to goout of business. like it makes sense that they re goingout of business, but they seemto be making some plays. alvan chow:and then i just noticed this extremelyastounding figure, the 140%short interest figure. sir jackalot: 140% shortinterest ratio on one stock. that means there are moreshorts than shares that exist. [laughs] all the shares outstanding for the companywere basically shorted, which is absur ....
The 140%short interest figure. sir jackalot: 140% shortinterest ratio on one stock. that means there are moreshorts than shares that exist. [laughs] all the shares outstanding for the companywere basically shorted, which is absurdand unprecedented. alvan chow:so i tried to look for a historical precedenton what would happen if somethingwas over 100% shorted, but there was nothing. stock expert:when you sell stocks short, you re betting that the marketis going to go down. and if you re wrong,the stock can go up against youvery sharply, and you have to close thatposition, usually at a loss. so you can see guyson wallstreetbets who knew what they were doing. these guys are smart.they understand, ok, we can get leverageon this thing, right? i know that if we gathertogether, there s a point here at whichwe can really push against hedge funds enoughto force them to cover. ....