May 18, 2021 r/Superstonk Live AMA for Wes Christian. Statement @ 32:25: "THE PROBLEM IS THIS [naked short selling] IS CONTROLLED BY THE CABAL." There you have it folks! Q and the fight against the Cabal is going mainstream! When the Cabal falls, the rocket will soar! ?
(www.youtube.com)
? B O O M ! ?
is it possible it could be the end of high priced tickets though?
Do you consider $250 to be a high price to pay for a stock that may be worth $25,000,000?
What's a "high" price per share? Are we talking AMC, GME, Tesla, AutoZone, Alphabet, Amazon, or Berkshire Hathaway prices?
Well beyond anything we have ever seen. Retail owns the float and shorts have to cover
What does “owning the float” mean? Have seen this mentioned a couple times. If there’s a good article explaining it I’m happy to read!
i bought amc options last week to go from 1k to 50k.
immediately sold out when it broke 60, all in on gme.
they both probably gonna leave the stratosphere, but the research surrounding GME hits me so much better than the research around AMC. seems to me like the only reason to go in on amc is because it is was (WAS) cheap. the market cap for GME is SIGNIFICANTLY lower than amc now. amc is NO LONGER cheap.
there is NO good reason to go AMC over GME at this point.
Yeah... no
GME.
Surely you're just memeing.
Memes are life.
Nope. But the opposite question must be answered too:
Do i consider $250 to be a high price to pay for a stock that may be worth $0?
The answer there is yes.
it isn't worth zero and it never will be. Aside from the short squeeze potential and unlike the other meme stocks like AMC, GME actually has a solid company transformation underway and regardless of MOASS it is worth more than it currently is.
Totally your call. I sold bitcoin at $800/each also. We don't know the future.
yeah that floats through my head from time to time, had the opportunity to buy bitcoin at under $1.. but passed.
It’s not worth $0. $1 maybe at the lowest but not $0...
Yo, i do not mean to doubt you, i would love GME to go to 25 million but how realistic do you think that really is? I got in at $300.. avg'd down to $150 with the rest of my money but exited at $198.. so almost $50 a share for 20, after almost 1.5 months.. it wasn't a great earn but at least i got out green. It seems so risky
People aren't giving you a good answer.
Look at it like this, there was 140% shares at one point, meaning 40% didn't exist, they are naked floats. If apes buy 80% of all shares and hold (this is the important part), the shorts have to be covered. If no one sells unless they get $1,000,000 per share, the the hedge fund is forced to buy it at that price.
This all comes down to ape resolve. People will sell at $1000, $10,000,$100,000. The strongest apes will hold out.
Best thing to do is see how high it goes, and sell as it starts to fall. You have to be lucky to time out the peak.
Is there a timeframe in which the hedge funds HAVE to buy the shares or could this just go on forever? If not on a timeframe, why wouldn’t the firms just ride things out for years?
But if it was 1 million per share then the market cap would be over 71 trillion dollars, which is more money in the world.
You traded a chance at millions for a couple hundred dollars?
/chuckles
It is risky, but the upside is unprecedented. Do what's right for you and yours.