$AMC traders are getting wise to market manipulation AND the media attention surrounding the stonk.
(media.greatawakening.win)
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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 ?