My first ever stock purchase! Opened an Ameritrade account and bought 2 shares. I have zero trading experience but starting to get educated. Was this a dumb move this late in the game? How high -could- this thing go? And when?
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The floor is the minimum price we will sell at. The stock will go up. People will hold. It will continue to go up since no one is selling. People will hold. Up -> hold -> up -> hold etc.
I will probably sell one share at 20M on the way up, just so I can start with some plans and to make sure I get something out of it. I won't sell any more shares for a long time after that though. Maybe I'll cash out another at 100M?
I mean, these are plans. The first casualty of the battle is the plan.
But there is a collective intention of holding until at least 20M. It is shared by quite possibly enough people to hold the float (a necessity for this infinity squeeze). If it doesn't go that high, because we don't own the float, then my plans will change, though I bet just in the act of covering the price will still easily hit six figures. That's how short they are. It's pretty insane.
Its important to note also that we will be watching like a hawk to see what the truth is with regards to their short interest. We will know if it will work, and we will know together.
Against the Cabal a person is weak.
Apes together strong.
I bought a share a few months ago. They were talking about the floor at 1 million then. I am happy to hold fellow ape. To the moon, we go.
Wait, you're taking per share? 20M?
That's the plan, yes.
This isn't so much about the money, since many are only planning on selling a few shares. This is about taking down the Cabal, and hundreds of thousands of people (at least) with collectively tens (or hundreds) of millions of shares have the same plan, for the same purpose.
We've all seen the corruption. People are in this for the future of humanity.
I really think GME is being done by the same team that did Q.
OK then, I just bought 3 shares. Let's do this.
Awesome. Now your only job is to not sell it.
Don't sell it when it gets low and you are afraid of losing more.
Don't sell it when it goes to thousands and you think it can't possibly go higher.
Pay attention to r/Superstonk. That is the only good way to make an informed decision. (Though I am sure we will talk about it here too.)
Now its time to Hold On for Dear Life (HODL!)
It may be one of the hardest things you'll ever do, because at each stage emotion will want to do something.
Don't worry though, after a while you become immune to fluctuations of thousands or tens of thousands of dollars (or possibly in the near future, hundreds of thousands or millions (which some people already experience)).
At some point, after reading all the info, you start trusting The Plan. Then it becomes a game, where you get the high score by HODLing the longest, and the reward is saving the world from the Cabal (plus the inconsequential millionaire title).
Thank you for that SUPERB explanation.