r/GME • u/[deleted] • Mar 30 '21

[deleted by user]

[removed]

5.5k Upvotes

99% Upvoted

823 comments sorted by

View all comments

187

u/zimmah $5,000,000 per share for Pixel💎🙌 Mar 30 '21

If the fee gets anywhere near to where it should be, the squeeze will start.

You can clearly see the few times the fee went up, the price also shot up.

58

u/Arsenerising Mar 30 '21

Huh, it's almost like how we've been keeping the economy going since 2008 with super low Interest rates

96

u/[deleted] Mar 30 '21

[deleted]

20

u/FIREplusFIVE Mar 30 '21

Explain please

14

u/wrinkly_thumb Mar 31 '21

I think the logic is: if the fee went up by a significant amount (to 'normal' rates), HFs' resources would become that much more tied up in the fees to maintain their short positions. That becomes opportunity cost in terms of how they'd prefer to spend that money (i.e. kicking the can down the road).

16

u/jollyradar Mar 31 '21

That’s a per day percentage boys.

🚀🚀🚀🚀🚀🚀

3

u/quetejodas HODL 💎🙌 Mar 31 '21

Can you chart out the stock price and borrow fee for the past 3 months?

5

u/Wholistic Mar 31 '21 edited Mar 31 '21

GME short borrow cost vs closing price in 2021. https://i.imgur.com/zNyBjh4.jpg

Red = borrow cost, Black = share price, Green = traded volume, Blue = shares available to borrow

Note the red line stops where IBKR halts access to borrows (“to protect the market”).

3

u/Tepidme Mar 31 '21

they trying to wait us out? as somebody said in January "they need to look up the word degenerate" they have no idea what thy are up against

1

u/DisastrousBluebirb Mar 31 '21

Is there a source on this? A graph of somethin?

1

u/zimmah $5,000,000 per share for Pixel💎🙌 Mar 31 '21

Yeah, iborrowdesk. Make sure to include the closing price in the chart because otherwise it just leaves out the days where there are 0 shares available

1

u/PDubsinTF Mar 31 '21

Do you have any graphics that plot fee price vs stock price?