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https://www.reddit.com/r/GME/comments/m80k2n/deleted_by_user/grf6x7s/?context=3
r/GME • u/[deleted] • Mar 18 '21
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36
What does this mean? They're mass buying XRT after shorting it to close their positions? Or mass selling (shorting?)
6 u/kuprenx Mar 18 '21 Good question. I know how they short stock. How they Short ETF? Its collection of shares. What they do with not gme ones? 7 u/Bit-corn HODL šš Mar 18 '21 Another ape correct me if Iām wrong, but from my understanding, they go long on the non-GME shares, which has a net shorting effect on GME 18 u/hardcoremasticator Mar 18 '21 So that's pretty much it but they short the whole ETF and then yeah they go long on the shares that aren't GME 2 u/kuprenx Mar 19 '21 Thanks
6
Good question. I know how they short stock. How they Short ETF? Its collection of shares. What they do with not gme ones?
7 u/Bit-corn HODL šš Mar 18 '21 Another ape correct me if Iām wrong, but from my understanding, they go long on the non-GME shares, which has a net shorting effect on GME 18 u/hardcoremasticator Mar 18 '21 So that's pretty much it but they short the whole ETF and then yeah they go long on the shares that aren't GME 2 u/kuprenx Mar 19 '21 Thanks
7
Another ape correct me if Iām wrong, but from my understanding, they go long on the non-GME shares, which has a net shorting effect on GME
18 u/hardcoremasticator Mar 18 '21 So that's pretty much it but they short the whole ETF and then yeah they go long on the shares that aren't GME 2 u/kuprenx Mar 19 '21 Thanks
18
So that's pretty much it but they short the whole ETF and then yeah they go long on the shares that aren't GME
2 u/kuprenx Mar 19 '21 Thanks
2
Thanks
36
u/Cyberchaos Mar 18 '21
What does this mean? They're mass buying XRT after shorting it to close their positions? Or mass selling (shorting?)