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 ! ?
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!
"Investors" have shorted the stock to the degree that there are more shorts than there are actual stocks. When they are made to buy back the stocks, stock owners will name their price.
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.
Especially as AMC just diluted it's stock a second time this year.
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?
Yeah, I think there is, I think it's like 2 weeks.
But they can just borrow more and have another 2 weeks to find it to give it back.
I'm not an expert though, just read a few posts explaining the situation.
Nothing will change unless we make new laws and restrict these markets better.
When it comes to the stock market, too much is just bullshit. If a stock doesn't pay dividends, why would you want it in the first place? For most stocks the only actual value is that other people want it, it's a joke.
The thing that pisses me off the most is the futures market, because it affects the market. Shorts make the price go down. So someone's gamble on a stock going down drives it down?
I'm probably wrong, but that my understanding.
The take away is just get dividend stocks, they pay you for holding their stock. My next purchase will be a lot of AT&T.
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.
I understand the thinking but how much stolen wealth do you think the cabal is hoarding? They have had over 100 years since the Federal Reserve was founded to syphon off our wealth. They have the assets. I suspect that this is part of what the asset seizures of the cabal will be used to cover this, and the GME payouts are just a mechanism for the return of that wealth back to the people.
I love the enthusiasm ... It is awesome. But you realize, for the share price to get to an asking price of $1,000,000 per share, someone out there has to be willing to buy that share ... for a Million dollars. One share. Whose going to do that? The hedge funds? No. They won't. Even if the underwriters hit them with a margin call. They will just ignore the margin and let the bankruptcy courts handle the liquidation. That will take years. The assets they have on hand might be liquidated but no one is going to force them to find a way to close out the entirety of the short positions at those prices. They will just sell what they have and declare bankruptcy on the rest. The underwriters may have to cover the banks' losses but I assure you the underwriters are not gonna leave the bank insolvent. That would be suicide. No 7 digit price targets are fantasy. NOW ... in the thousands? That could happen. As long as we still have Buyers at those asking prices, yes, it could happen.
It most certainly could destroy some banks and banking support entities in the process. But Wall Street has a way of weaseling their way out of bad situations.
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.