Edit.. BTW, I gave you an upvote. It's a valid question, valid concern, and the math is correct. No reason to downvote pure logic.
Yeah thanks man, I just have this pathological need for things to make sense. I'm not against the squeeze being squoze, I just don't understand why everyone says "$30 million floor" and "we're all going to be millionaires." I feel like that is kinda delusional. Maybe making a couple thousand per share is within the realm of possibility. Thanks for the comment write-up, gives a lot to mull over.
The only reason I give even a tiny bit of credibility to a major squeeze is because of Q's post that said "game over" which is very close to "game stop." I'm an XX holder and will be happy if I can just make enough to pay off my mortgage, LoL.
All shorts must cover
I've seen this a lot, where does this come from? I understand from a legal perspective I suppose the law says they MUST close, but who is enforcing the law? If the SEC or the Gov. have not been enforcing the law wrt naked short selling, why would they force Citadel, DTCC, or even the FED to close the positions? They could just as easily walk away from the short positions just as Citadel would have walked away from a bankrupt GME.
The common response I hear is "then the world will lose faith over the US Stock market and the gov. wouldn't want that" or something along those lines. To that I would say, the world has been deceived into believing that the flu is the most deadly disease known to mankind and that vaccines are safe. If the MSM started blasting that not enforcing SEC rules and not covering naked shorts is totally cool and justified to save the economy and it's really retail investors fault for being so greedy and manipulating the market ... most of the world would believe them!!!
Lol, gme_meltdown.
The issue I have with most of Reddit is their inability to look past the immediate thing in front of their faces and make a connection to other stuff.
Three quarters know the MSM is active propaganda but fail to question J6 or the holocough narratives, and discount Michael Burry because he's hardcore conservative. smh.
Shitadel is not acting in a vacuum. They are deeply interconnected with the market, other MMs, HFs, and depository banks. When, say, JPM is facing its own liquidity crisis, they won't hesitate to yank assets and recall loans that represent operational capital for HFs. If those assets include GME or ETFs holding GME, the cascade begins. If they're not GME directly, they reduce the latitude HFs have in hiding / moving their shorts until there's nowhere else to go.
I'm not counting on the SEC (or for that matter, any branch of government) to do shit. But the market makers will turn on each other when their existence is threatened, and Shitadel / Virtu / Point72 are not the biggest fish in the pond. Blackrock, JPM, BofA and Wells Fargo each could sell them out of existence tomorrow if they wished.
As far as the faith in the market goes, I could see that being a super legitimate concern- next up in terms of capital wealth would be the Chinese market. The Fed will step in to backstop, because by law, they have to support the DTCC as a "strategically important FMU". OTOH, "The Fed" is realistically just representation from the biggest banks out there and a couple of government perfunctories. They know they'll get hurt too, but at least it'll be shared pain- shared 50/50 by taxpayers funding the Treasury. In the end, though, it'll all be worth it to be allowed to continue doing business as they have for hundreds of years, because China won't allow that.
Yeah thanks man, I just have this pathological need for things to make sense. I'm not against the squeeze being squoze, I just don't understand why everyone says "$30 million floor" and "we're all going to be millionaires." I feel like that is kinda delusional. Maybe making a couple thousand per share is within the realm of possibility. Thanks for the comment write-up, gives a lot to mull over.
The only reason I give even a tiny bit of credibility to a major squeeze is because of Q's post that said "game over" which is very close to "game stop." I'm an XX holder and will be happy if I can just make enough to pay off my mortgage, LoL.
I've seen this a lot, where does this come from? I understand from a legal perspective I suppose the law says they MUST close, but who is enforcing the law? If the SEC or the Gov. have not been enforcing the law wrt naked short selling, why would they force Citadel, DTCC, or even the FED to close the positions? They could just as easily walk away from the short positions just as Citadel would have walked away from a bankrupt GME.
The common response I hear is "then the world will lose faith over the US Stock market and the gov. wouldn't want that" or something along those lines. To that I would say, the world has been deceived into believing that the flu is the most deadly disease known to mankind and that vaccines are safe. If the MSM started blasting that not enforcing SEC rules and not covering naked shorts is totally cool and justified to save the economy and it's really retail investors fault for being so greedy and manipulating the market ... most of the world would believe them!!!
I thought this was a really good point: https://www.reddit.com/r/gme_meltdown/comments/ojbmw0/the_ultimate_and_yet_simplest_counter_point_for_a/
Lol, gme_meltdown. The issue I have with most of Reddit is their inability to look past the immediate thing in front of their faces and make a connection to other stuff. Three quarters know the MSM is active propaganda but fail to question J6 or the holocough narratives, and discount Michael Burry because he's hardcore conservative. smh.
Shitadel is not acting in a vacuum. They are deeply interconnected with the market, other MMs, HFs, and depository banks. When, say, JPM is facing its own liquidity crisis, they won't hesitate to yank assets and recall loans that represent operational capital for HFs. If those assets include GME or ETFs holding GME, the cascade begins. If they're not GME directly, they reduce the latitude HFs have in hiding / moving their shorts until there's nowhere else to go.
I'm not counting on the SEC (or for that matter, any branch of government) to do shit. But the market makers will turn on each other when their existence is threatened, and Shitadel / Virtu / Point72 are not the biggest fish in the pond. Blackrock, JPM, BofA and Wells Fargo each could sell them out of existence tomorrow if they wished.
As far as the faith in the market goes, I could see that being a super legitimate concern- next up in terms of capital wealth would be the Chinese market. The Fed will step in to backstop, because by law, they have to support the DTCC as a "strategically important FMU". OTOH, "The Fed" is realistically just representation from the biggest banks out there and a couple of government perfunctories. They know they'll get hurt too, but at least it'll be shared pain- shared 50/50 by taxpayers funding the Treasury. In the end, though, it'll all be worth it to be allowed to continue doing business as they have for hundreds of years, because China won't allow that.