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Calling in all big brain apes.
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I saw a couple of pictures today on one of the other subs. They were pictures taken while CNBC was reporting YTD short positions and losses for GME.

They were showing a 6.26B dollars total losses and were confirming a 13.47% of the float being shorted. Immediately I had a gut feeling but I'd much appreciate some more wrinkled apes providing us with a bit more input.

So, they're reporting the numbers above as described, I've got 2 ideas/questions, as said before I'd much appreciate some input:

  1. Could we consider the 6.28B losses as total losses and could someone backtrack the real percentage of the stock being shorted starting off that number?

  2. (I feel this is it, most likely): They disclosed their losses for the 13.47% of the float being shorted, I think they are showing some estimates in line with the short positions disclosed. So that's 6.xyz billion YTD if 13% of the stock is being shorted - they wouldn't risk fucking up that badly that they would disclose real short positions starting off losses and backtracking. We know we own the float multiple times over, as we do trust the DD.

Any inputs?

If point two is the correct one, with 500% being shorted, it would mean real losses of 233B, I think.

Obligatory not financial advice, I just like the stonk, hodl, and buy whenever possible.

My bad, I can see it's already a DD on this within the sub:

https://www.reddit.com/r/Superstonk/comments/opj0wg/1347/?utm_medium=android_app&utm_source=share

Edit 2: forgot to say Edit 1before adding the bit that starts off "My bad..."

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3 years ago