What if we picked a stock like JP Morgan and drove it up the same way we did GameStop? That way we turn their greed against them. They may want to stop JP Morgan from trading but obviously JP Morgan would not want it to stop. Alternatively we could pick another affordable stock to go after but make sure it is held by half. Make them fight each other. What are your thoughts?
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Random pump and dumps aren't going to do anything.
The reason GameStop was different was because they shorted the stock (e.g. borrowed stocks and sold them to buy back cheaper later).
Could we not do the same thing in a targeted manner? Not a randomly chosen one but a purposefully chosen one.
Probably. But they'd quickly close the holes. And I'm not sure what the legality of such hunts would be, or how hard it'd be to organize them without being compromised.
Thinking about this I am sure there are people searching records to see what funds have shorts in what stocks and then what funds are owned but what elites. What if we simply join together and do that? See if we can do it to a truly popular one that at least seems to compete with other funds.
Silver is seriously shorted.
Sounds good to me!
Terrible idea.
The reason why $GME worked is because the stock's short to float was over 200% this week and well over 100% for an extended length of time. Buying shares and holding them in that situation creates a market event called a short squeeze and that triggers the transfer of wealth from bears to bulls.
This post just tells me that you don't have any thesis and would likely lose your money, no offense anon.
In theory, doing this over a long period of time might work if the right market conditions are present. It's called the prisoner's dilemma: https://www.investopedia.com/terms/p/prisoners-dilemma.asp
Would it be possible for us to target shorts that are coming due soon? If we could also target shorts held by companies involved with the cabal or those individuals would it not have a similar affect as we are seeing now? I do not know a lot about this which is why I am asking if it could work and how.
Yes, short interest and float data is publicly available and updated 2x per month. You can purchase subscription services to services that update more frequently tho. Example: https://www.marketbeat.com/short-interest/
I don't think shareholder info would be publicly available. BUT, if it's a publicly traded company, the members of the board should be listed online (via a company's website etc). Tracking company board members and executives could work.
I'd like to see [them] fight each other at our insistence, definitely.