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 ! ?
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.