Faith in action. You really gotta put your money (action) to where your mouth is believing it will happen and enjoy the ride while realizing that there are possibly millions of other unexpected people enjoying the ride with you.
I bought a few shares of GME just for shits and giggles. It may be Q related or it might not be. I believe it is. And if it is the real deal, in my opinion, it would be a God kinda way of carrying out justice (though not ultimate) to the the financial markets, economies, and distribution of wealth. Unexpected, clever, comedic, strategic, and inclusive.
Truth is stranger than fiction.
$500k and up is not a meme. When this happens, trillions will be transferred to the millions of retail investors who get continually stiffed by Wall Street.
$500k per share?! ?
Yep. They've shorted this so bad we can practically set any price we want, so long as we HODL. Some of the guys over at r/GME are calling for $1 million per share, though I'm not sure it'll go THAT high.
Dunno about that high, $1k sounded most realistic. Anyhow even without the squeeze I'm already up like over 300%.
Berkshire Hathaway (BRK-A) is currently worth $394,965.53 per share. The shorting makes it possible for GME to surpass that through infinite loss potential, but time will tell how that goes.
Well, damn. I feel like they would legit start a war over that. Can’t let the peasants win!
Do you really think they won't find a way to screw with it or weasel out of it? I'd love to make $499.896 on my investment but given the shenanigans yesterday I am doubtful of that happening.
They can only short the stocks as long as they have money. Once they run out, the only way this can be stopped is if they pull the plug on the entire market.
What happens if they crash the market? All accts are lost?
If they crash the market, accounts will suffer large losses but I don't think they'll be lost entirely. The market will bounce back like always with time. If this squeezes, and it likely will, there will probably be a crash.
If they crash the market all other stocks go down as the hedgies have to liquidate their other holdings en masse to pay for their naked shorted shares.
Lol. Everything about this is all theory. I want to see how theory plays out!
I don't know exactly how it all works via hedge funds, brokers, insurance, banks, central banks, and impact to global financial markets.
A year ago at the start of COVID (before I knew about Q), I was thinking that there was going to be another global monetary agreement like Bretton Woods within 5 or so years due to the deficit spending of gov'ts since the Gov'ts (owned by the people) are in debt to the central banks and other gov'ts.
However, now, if this GME plays out, it could possibly lead to the reverse where a new global monetary agreement occurs due to the central banks being so in debt to retail investors (the people).
P.S. I might be ignorant in thinking central banks can be a sufferer in a possible outcome to this GME thing. I don't know how this part of the market works.
Yeah, you're right. We have no idea how this'll play out, but I have faith. I'm also not sure how it works with banks and retail, but I know the payout responsibility goes up the ladder of hedge funds. It's an attack on the entire system. I believe this may have been a white hat operation, especially with the Fed going down that forced this whole thing to go by faster. It just seems too coordinated for a bunch of simple retail investors to pull off.