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.
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.
Right, thats why I took out most of my money. I figure a crash would send the stocks I do have up.
What I really meant was at some point do things just implode and the entire platform is basically wiped out/deleted? Is that possible? I mean, if its all digital what happens if theres some interruption, be it emp or just the whole financial system crashing? Or being dissolved?
I assume there are backups, physical shares, etc. My sons college fund is still in stocks, you don't lose til you sell is how I see it. I am sure the system could survive but idk in what form. Technically owning stock makes you a partial owner of the company.