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 ! ?
What's a "high" price per share? Are we talking AMC, GME, Tesla, AutoZone, Alphabet, Amazon, or Berkshire Hathaway prices?
To some people, $1000 per share is an astronomical amount. To others, not the hedge funds, $1000 is a kind-of low price.
Where is the bar set on what's lot for (((them)))?
the floor is 20 million a share
This can not really be true... I just did the math on my position and broke my calculator on my phone. Went into exponential mode.
There really are a large amount of people who believe it will get in the millions and some point. I dunno if I can jump on board that ship until it actually happens, but I'm going to hold my xx shares and find out.
My plan has been to hold and see. I backed the truck up when scavino put out a comm at 45$. I was a believer within 24 hours.
That is literally not possible. To have the price hit 1 mil you have to have some willing to pay that one million for one share.
Whose gonna do that? You guys act like there is some magical wall street fairy that buys up stocks at magical market fairy prices. It doesn't work that way. Where is the hell are the market makers gonna find someone to bid it up that high. Remember APES ... you gotta have BUYERS AND SELLERS.
Millions is out of the question. I'm telling you, the shorts don't have those assets in their coffers. Once they are squeezed outta of the GME game ... the GME squeeze game is over. Then you get to experience the new price discovery.
It is the plan my fren. And don't sell everything, the floor is not the peak. I think $218 million is a fair price, considering the banks thought it was a fair bonus for causing 2008.
its technically possible because if retail owns the float (they do) then the hedge funds are REQUIRED to buy from them when they get margin called... so retail gets to set whatever price they want.
i dont think its likely that it gets that high since people gonna sell long before it hits the millions, but its not impossible. ill baghold some shares through the squeeze just in case... couldnt live with myself if i didnt at least take the shot at millions.
What does “owning the float” mean exactly? Very elementary in my understanding of the markets. Trying to make sense of all this terminology. Feel free to point me to a website, post, or whatever if you don’t want to type it out. I joined /r/superstonk today.
If we own the float, which is almost certainly true many times over, and enough people that hold the float do not sell the stock until the price gets over 20M (or more) then it has no choice but to reach that level. It is simply the way it works. Those that don't believe it can happen have not done the necessary research.
It does take a lot of people to make such a powerful move work, but there are millions involved in this already, and at least half a million that understand completely what is required. Many (most?) of the very large share holders belong to that half million. 20M per share is a real possibility.
Will those with thousands of shares sell all their shares at 20M per? Probably not. Anyone who will hold onto that amount of shares until that time understands why they are doing so. They can't sell all their shares then or the whole thing falls apart. But someone holding say, 5000 shares could sell 500. That's a cool 10B at 20M per share. And then they hold on to 4500 shares forever, allowing for everyone else to get in on the action.
That is how this will go down, if it goes down at all.
This is absolutely wild to think about and what convinced me to buy two shares today. I did it with spare savings and figured why not? The world turned upside down this past year, who’s to say this GME stuff is impossible?
If it truly goes down like this I will owe you big time friend.
Ken Griffen owns a 250+ million dollar apartment. What's expensive to him?
As I said, six eight digits
Sell on the way down.
no one really knows for sure fren, the point being whenever they are forced to cover and buy back the shares they dont own they wont be able to as the entire float is owned by apes and we can set the price to whatever we want as long as we just simply hold. It could go to anything really, look at berkshire hathaway stock to get an idea of how high a stock can go.
Owned by Apes multiple times over. I wouldn't be surprised to find out there are more than a billion fake shares.
Yes. If 200% of the shares are shorted (and it’s probably more), they have to buy back the float twice. And those shares they buy back, they don’t get resold. They get destroyed because they never should have existed in the first place.
Holy crap I had never looked at Berkshire before. That is absolutely absurd. Didn’t know stocks could rocket that high, which is what confused me when people said this could go to a million...
Berkshire is an example of what happens when a stock never splits, unlike Tesla which went through a five-way split so that tells you what the share price really should be for TSLA.
https://www.gmefloor.com/