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! ?
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? B O O M ! ?
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.
I see some blue anon was able to math enough to see I’m up a shitton already.... based on a LARP. ??
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.
Shills gonna shill. Who’s gonna pay that? The people who are obligated to return the shares they borrowed.
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.
The "float" refers to the number of shares available for trading which in the case of GME is likely none as retail traders likely own all REAL shares at this point. What's happening is that through naked short selling millions of fake shares are being created, some good DD (due diligence, just research) suggests this is a market wide systemic problem as there is almost no consequence for misreporting short positions to FINRA for these large market makers, and have been fined REPEATEDLY in the past for doing just that. A similar situation happened with VW in 2008 when the price per share rocketed to $800. The difference with GME is that there is now an army of retail trading apes who will not relinquish there shares for chump change like 800 bucks lol
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.
Yes, they have to buy them back. Every stock sold short is on the books. They are lying about the totals because they can. To really find out how many are sold short requires adding the totals from a lot of separate books. When there is a margin call, that is exactly what will happen. It is an inevitability. If they could have gotten out of it without paying, legally or illegally they would have. They have been drowning for a while now. They keep borrowing more and more money to go long in some stocks and more short in others to stay afloat. That is why you see so many companies with identical trading tickers. It's all about GME.
Nothing in life is guaranteed, but I think this is more of a sure thing than any other sure thing I've ever seen (and I've been right about every other one I've ever seen).
I certainly don't know what it will peak at. It really depends on how much of the float the apes who understand the situation hold, and whether or not they get greedy.
At this point though, there are hundreds of thousands that understand that this is no longer about making money (exclusively). This is our one chance to take down the evil that controls our entire economy and enslaves the American citizens, and by extension the world (they aren't yet aware of how broad or deep the real corruption goes, but its enough). Everyone gets whats really going on (within scope).
This is not financial advice!
Visit r/Superstonk and select the DD tag if you really want to get into the nitty gritty.