$AMC traders are getting wise to market manipulation AND the media attention surrounding the stonk.
(media.greatawakening.win)
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Wait until they realize that AMC is controlled opposition to the real squeeze of GME.
Silver hasn't been naked shorted north of 400% of the float, and neither has AMC.
The GME mother of all short squeezes is not a once in a lifetime opportunity. It is a ONE TIME opportunity. This will never happen again.
The shorts must cover. They have no other option. By law, they have to buy back every counterfeit share they fraudulently created in their naked short selling scam.
Silver may increase in value as a side effect of vast amounts of people losing their faith in the USD, but unlike the GME situation no one is by law required to buy 400% of the trading volume.
Ah,
So what you are saying is that the GME / AMC saga will be a price revealing of Silver's true value?
That makes sense.
Why do they have to buy back a share that was fraudulently sold? If they never borrowed a share to sell, what do they have to replace?
Its the same idea as counterfeit money. If people are allowed to print their own $100 bills, the value of the US dollar will be quickly diminished. The same thing is currently happening to the GME stock.
Here is a great interview from Wes Christian explaining the situation.
If they cover their loss who gets that money? Everything I have read always stops at they are so fucked…but what is going to happen?
Anyone who holds a legitimate market bought share will be able to sell their share on the market when the margin calls are made at all of the hedge funds.
See, when the hedge funds are margin called, their assets are all frozen and they lose control of their entire operation. In this case, Citadel Securities will take control and set all of their computer algorithms to begin systematically buying up every single share on the market until the counterfeit shares are covered. Because Apes (retail) owns all of the float (legitimate shares) Citadel will have to purchase these shares back at whatever the market (retail / apes) decide is a fair price. Citadel and the Hedge Funds' computer algorithm will operate something like this:
/Search market for shares. /Scanning /found share @ $500 /initiate buy @ $500 /Search market for shares. /Scanning /found share @ $750 /initiate buy @ $750
etc...
This will happen over and over, working up the price ladder finding any shares listed in order of lowest cost to highest cost (obviously they want to pay as little as possible.) Eventually all of the low hanging fruit (lowest market sell orders) will be gobbled up by the algorithm in its quest to cover all the counterfeit shares. As this continues, the ratio of supply and demand will begin to massively capsize. This will produce near unlimited demand for a supply that is owned by retail. In other words, retail gets to set the price they want to sell at.
Soon the algorithms might look like this:
/Search market for shares. /Scanning /found share @ $500,000 /initiate buy @ $500,000 /Search market for shares. /Scanning /found share @ $750,000 /initiate buy @ $750,000 /Search market for shares. /Scanning /found share @ $1,000,000 /initiate buy @ $1,000,000
As you can imagine this will be extremely detrimental to the hedge funds and Citadel, and extremely lucrative to the apes. An ape holding 100 shares of GME who sells at $50,000 during the squeeze could walk away with $5,000,000.
Buy wait! You say... Citadel doesn't have that kind of money... Well, actually they do. See, above Citadel Securities is the DTCC. Between both of these institutions there are hundreds of trillions of dollars of insurance to cover these hedge funds. Then you have the derivatives market which is in the quadrillions of dollars. There is a reason why the Reverse Repo rate is increasing to prices hitherto unseen in our market's history. Last I checked the rate was up to over 800 billion dollars. The government knows that shit is about to hit the fan, and they are doing whatever they can to weather the storm that is coming.
;TLDR: Apes get the money.
You are awesome. Thank you!
Would buying a share now be a good idea is it too late?
Like I said... Apes set the price.
If you buy a ticket on the rocket now, you are paying 212.31 USD as of market close today.
If enough Apes diamond hand far enough, that share could potentially be worth millions of dollars.
I can't give financial advice, but the high likelihood of profit is pretty clear.
Oh, and no matter what the media has told you, NO the shorts have not covered. The rocket is still priming for take off. You are not too late.
Fidelity is the most popular trading platform,transferring money into a new account takes several days. You can print off a wire transfer form and take to your bank,and wire the money in about an hour.
If you are In hurry.
No its not too late now. In fact right now its on a firesale discount price. I wasn't around when it was in in the 40s. I came in early March and hadn't sold any and bought more. I don't think its going anywhere below 200 now. However I like to say that everyday is a sale day till MOASS.
Great explanation. I wish someone had written something like this when I was learning. Short, sweet & succinct ?
Citadel shorted both, right?
i haven't looked at the documents so idk for sure but it seems as if citadel is long amc
for what it's worth, amc is currently twice as expensive as gme (30B vs 15B market cap)
I’m invested in both, but more-so into amc, mainly because it’s the most heavily shorted stock, and 80%+ owned by retail investors...so they basically set the price to whatever they are willing to sell for when the squeeze truly begins. Either way, NCSWIC to citadel LOL
How sure that AMC will squeeze?
To be honest, I’m just an ape with dumb money. Ultimately, I think GME and AMC will squeeze - it’s just a matter of time. But at the same time, I have no idea when it could happen. The consolidation the last two days is unreal, and charts seem to indicate that a big movement should happen tomorrow through next week. New regulations recently passed, and today was the first day I saw a buy wall to drive prices down. I’m not a financial advisor, and this is not financial advice, but both stonks look great to me. As a side note, I’m into a lot of different investments in order to diversify
I’ve got 120 shares in AMC, and I’m not liking the FUD being spread on here about it and that GME is the only option
Biggest sign for me is that the mainstream media is talking a whole lot about AMC and how wild it is. But they keep trying to suppress GameStop as much as possible.
They're both in a squeeze position and move in nearly the same manner... For anyone to say one has more or less potential than the other is merely speculation at this point and not sure exactly why one would say that. The data is the data and they're both great stonks.
AMC will squeeze but GME has the potential to squeeze higher because the short interest is definitely higher.
100%
We shall see.
Yep. Only a matter of time
Not everything has a controlled opposition bro. Looking at the numbers both will have a mega squeeze tho it looks like gme will be >1mill while amc will be in the 5-6 digits when all said and done money will be made all around
I still have a bad feeling about it. Why would the mainstream media be complicit in shilling AMC on major news networks with profiteering gen x and millennial YouTube stars, and yet be completely radio silent on anything to do with GME? Watch any of the interviews done on the MSM. Its all AMC.
This tells me that the MSM have been given the "green light" to talk about AMC for whatever reason. My gut instinct tells me it is damage control. The hedge funds know their goose is well and truly cooked. They know they can't get out of the moass, but they can certainly lessen the impact by steering investors away from the larger of the two rockets.
I get that tho im seeing about the same amc bashing as i am gme bashing maybe its just the places i look. I think if anything the damage control would be stocks like wish and torchlight. Im seeing those and a few others spreading like wildfires it seems to me the msm are pushing for people to buy those while bashing both amc and gme. Tho u do have a point tho im still convinced gme and amc are the top two plays with the rest just being noise/damage control
What happened Jan 31st 2012?
Wow! Simply incredible. Thank you for this information, I love it
Isnt AMC chyna owned?
Webull = China
https://en.m.wikipedia.org/wiki/Webull
Webull Financial LLC (Chinese: 微牛证券) offers an electronic trading platform, accessible via mobile app and desktop computer, for the trading of stocks, exchange traded funds and options.[6][7]
Webull Type Privately held company Industry Financial services Founded May 24, 2017; Founders Wang Anquan[3] Headquarters New York, USA Key people Anthony Denier (CEO)[4] Products Electronic trading platform Services Stockbroker Owner Wang Anquan (35%)[5] Xiaomi (14%)[5] Shunwei Capital Hongdao Capital Bojiang Capital Gopher Asset Management Parent Fumi Technology[5]
Ooft yikes I didn’t even think about that - looks like I need to research a new trading platform
Fidelity is pretty good. Didn’t halt trades in January and recently had a mass migration from RH and other brokers that halted trades.
Im definitely checking them out, im still on RH and dont wanna get screwed.