I’m telling you that CNBC has confirmed beyond a shadow of doubt that GameStop (GME) is being illegally naked shorted. I couldn’t believe my eyes or ears this morning. If you don’t own this stock or think it’s stupid idiots throwing money away, a very “respectable” news source let the magic word “naked short sellers” slip
Cats out of the bag now
Nine years ago AMC shareholders agreed to a sale of 500 million shares. It was sold off in tranches over the years, and the final 20 million shares was just sold. To nitpick, there are 46,000 shares remaining to be sold. That's it.
Now that that huge, nine year endeavor is finished, there will be an upcoming vote to see if the shareholders will approve a new sale of 25 million shares. If approved, the soonest those shares could begin being sold is 2022.
Hedge funds are screwed on both GME and AMC, and I hope that retail investors make them pay on both.
Personally, I'm currently up $55k on AMC, up $7k on GME, and no movement yet on silver. You can put all your eggs in one basket (GME) or invest in all three and hope that at least one of them rockets.