Evergrande isn't the only Stock suspended, were in for an interesting week ahead
(media.greatawakening.win)
π Notable
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You REALLY think itβs gonna hit 6?! (Interesting read ππ½).
Theoretically it can go even higher. It only depends on how many people sell early.
I know for a fact that GME is a winning lottery ticket, I just don't know for how much or when I can redeem it. It will never drop significantly in value, not with the moves GameStop is making and especially not with so many people holding onto GME, only buying more, and never selling until the short squeeze occurs.
Roger that Fren...thanks for your input; greatly appreciated.
I like sharing because its a movement almost identical to Q. They are literally saying the same things like how this is a great awakening, that they are realizing the system is corrupt and gamed against them, but they finally guessed right in a company that was being heavily shorted due to COVID, and have finally won. Sounds pretty familiar to Q in almost every way, even down to the "we've already won, its just sit back and enjoy the show now, all you have to do is hold and watch them scurry to desperately cover everything up as they constantly get margin called and are paying interest on their negative positions."
You've seen the reverse repo rates that get posted here right? It coincides perfectly with the GME squeeze.
You know how BofA shut down and has been periodically boarding up and shutting down over the past year? Their biggest customer is Citadel, who is one of the large entities that shorted GME. BofA loans them money to work the market.
On top of all of this, if you're still skeptical of this theory that individuals hold more shares than technically exist, so the big entities cannot do their legally obligated buy back of the fake shorted shares that they flooded the market with, and are going to be forced to pay back at whatever price the individuals ask for...
Look up the reported shareholder vote participation in the last official shareholder meeting. Anyone can vote in it by linking their brokerage information, and stocks typically always get around 50% participation. AMC, the other stock besides GME that they guess was heavily shorted, reported 50%. So it seems like even if AMC was heavily shorted, they didn't own enough to make a short squeeze happen.
But GME got literally 100% vote. Obviously they can't report higher than 100%, but how do we know its higher? Only Americans and a few other countries are actually able to vote in the meeting due to their countries laws. Many people were adamant about not voting because they thought it was a trap somehow. So there were many GME shareholders that did not vote, yet the vote percentage of total shares of GME reported a 100% participation by their shareholders.
This only means one thing, that GME was indeed shorted heavily, and that retail (normal individuals) were actually able to buy enough shares to prevent those shorts from being bought back, and now all available shares plus many of the "fake" shares are owned and held by individuals demanding an extremely high price for them. They are legally obligated to buy them back once the price goes to a certain point, depending on where the price was at when they sold their fake shares that they have to buy back, since doing so technical makes their accounts have a negative balance until they buy it back. So they also have to pay interest on these negative balances. This is why they are borrowing like crazy ever since this happened. How long do you think they can keep it up? These are people who think they can never lose.
Doing anything fishy to absolve the fake shares and removing them from legal owners will completely destroy all global faith in the American markets, and the dollar would completely crash.
The only thing that can happen is the entities declare bankruptcy, and the obligation to buy back the short "fake" shares is passed on, eventually to the Fed themselves.
End of the Fed, you say? Maybe the crash of the dollar anyways? Even if so, the crash would mean GME is worth billions, and at that very brief critical point, the money will be everything in a transfer of wealth.
I understand. Been reading up on all this & thanks for collating it here. I left the market in β16 when I got nailed for no apparent reason...my research proved there was major corruption so I bailed. Iβm mainly in crypto since but bought my first share GME this AM, first share in 5 years. I feel soiled. π