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 ! ?
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
Holy crap. So essentially retail investors (you and I) likely own all the shares at this point and these people are literally making up shares to prolong this? We could literally witness the biggest wealth transfer in history over a retail game store... This is most definitely the next domino of the “plan” to fall. Big Pharma, wallstreet, government, everything. This is an actual web of corruption, insane.