Explaining the 741 reference in regards to GME would be like explaining the 17 reference in the Q community, (or the 11.3 reference) It keeps appearing everywhere in relation to GME Squeeze.
Ryan Cohen has tweets at 7:41pm and 7:41am
741 refers to the bankruptcy code
741 refers to the SEC reporting instructions for fraudulent activity.
And so on and so on.... There are literally dozens of examples where the 741 number comes into play. Go to Reddit.com/r/Superstonk and Reddit.com/r/GMEJungle and Reddit.com/r/GME and search 741 and 7.41 as search terms, you'll get a lot of results to learn more.
In numerology (I am NOT into that stuff at all), the number 741 is known as an "angel number", or good luck number.
I personally believe whenever we see the 17 here, or the 741 with GME, they are being used as an Easter Egg, or a signal flag, indicating there is something to pay attention or look into - or as another "coincidence" to indicate we are on the right track, and that this item (where the number appeared) is part of the coordinated effort.
Again - who the heck knows? - This is just what I have concluded from a lot of watching reading and studying these two communities. I could be completely wrong, and welcome other theories or ideas - they may well be right and I am wrong.
Even if it’s second behind GME, the float of AMC is 450 million. GME is 56 million. It was far more difficult to prevent the shorts from covering with that many shares, and DFV and RC went all in on GME.
Well the straddle covers the bet both ways. The larger pay-off is on the downside with huge returns if GME tanks, but the 5.6 million in Call contracts with even marginal upside gains would offset the puts (the downside bet), the put contracts rapidly lose value if the price goes higher and vice versa.
It looks to me like a 12.375 million dollar downside bet with a 5.6mm insurance policy in call contracts to cover losses if it keeps going up.
But as far as institutional investors go 20 million is nothing, this is chump change, it could be a rope-a-dope to get people to buy puts contracts on the downside because they could sell those puts tomorrow as game stop stock rises.
Game Stop stock is "in play" but by it's own merits and technicals it should not be, so be careful.
In GME's favor are two things the financial media never wants to talk about:
The true short interest. It will cause the squeeze - it is inevitable. The documented SI in January was 226% - and they never closed the position - this is all per court transcripts of the civil suit against Interactive and RH. Since January, the squeeze has been delayed as they continued synthesizing more shares. (counterfeiting shares, creating a bigger squeeze.) The shorts couldn't unwind in January, and they really, really have dug a deeper hole for themselves in the last 10 months.
The NFT program, rumored to soon be unveiled (possibly this Friday). The hints being dropped about it is that the NFT is bringing something revolutionary to the market. A watershed moment.
These two aspects are rarely, if ever, talked about in financial news. When they are mentioned, the data is purposely skewed or distorted.
This is just my unprofessional opinion, but GME is going to squeeze like nothing anyone has ever seen, and I believe it was designed to do that, from the very beginning.
Noted, listening and pondering, but have you actually walked into a Game Stop lately?
I used to frequent there all the time. I went about a two weeks ago and it was depressing, slow and a lack of merchandise that even vaguely peaked my interest and I have a hard time fighting against long term fundamentals. So, going long in Block Busters was once a good idea until it wasn't.
I do recognize the short squeeze potential but I also recognize that history repeats itself and I have seen this before and would caution you as a wise investor to take your profits very soon.
As for me, if I do invest, it will be in those horrid Put contracts, you find so detestable.
I saw that article on the stonk today, and I am surprised I didn't catch the 17 reference!
I have been saying since January that the Squeeze is absolutely Q related.
Even Donald has a diamond hand:
https://imgur.com/a/OA4qCdH
Did you see the 741?
Qrd on 741 please?
I was away from the sub for a while and saw the number being referenced but couldn't understand the significance.
u/Blurpy can explain it better than I can.
Whew.
Explaining the 741 reference in regards to GME would be like explaining the 17 reference in the Q community, (or the 11.3 reference) It keeps appearing everywhere in relation to GME Squeeze.
Ryan Cohen has tweets at 7:41pm and 7:41am 741 refers to the bankruptcy code 741 refers to the SEC reporting instructions for fraudulent activity.
And so on and so on.... There are literally dozens of examples where the 741 number comes into play. Go to Reddit.com/r/Superstonk and Reddit.com/r/GMEJungle and Reddit.com/r/GME and search 741 and 7.41 as search terms, you'll get a lot of results to learn more.
In numerology (I am NOT into that stuff at all), the number 741 is known as an "angel number", or good luck number.
I personally believe whenever we see the 17 here, or the 741 with GME, they are being used as an Easter Egg, or a signal flag, indicating there is something to pay attention or look into - or as another "coincidence" to indicate we are on the right track, and that this item (where the number appeared) is part of the coordinated effort.
Again - who the heck knows? - This is just what I have concluded from a lot of watching reading and studying these two communities. I could be completely wrong, and welcome other theories or ideas - they may well be right and I am wrong.
u/#q741
I did - but only just now that you mentioned it, lol!
IT IS HAPPENING.
he he he he he
I asked my wife's boyfriend if I could withdraw some of my money to buy GME and he said yes!
Based
more like cucked
ya think?
Um... not AMC though... the float was way too high to prevent the shorts from covering.
Just look at the shareholder vote this year, AMC was normal, only GME got 100% since additional fake shares are owned and not able to be covered.
There's literal proof that AMC is not going to short squeeze. Go follow SuperStonk and GMEJungle, there's actual research there.
Even if it’s second behind GME, the float of AMC is 450 million. GME is 56 million. It was far more difficult to prevent the shorts from covering with that many shares, and DFV and RC went all in on GME.
I am trying to learn... I tried to plot the profit potential using https://www.optionsprofitcalculator.com/calculator/straddle.html
I appears to indicate to my smooth brain that this trader is expecting price to swing pretty large pretty soon. Am I wrong?
https://ibb.co/hFKDM9j
Well the straddle covers the bet both ways. The larger pay-off is on the downside with huge returns if GME tanks, but the 5.6 million in Call contracts with even marginal upside gains would offset the puts (the downside bet), the put contracts rapidly lose value if the price goes higher and vice versa.
It looks to me like a 12.375 million dollar downside bet with a 5.6mm insurance policy in call contracts to cover losses if it keeps going up.
But as far as institutional investors go 20 million is nothing, this is chump change, it could be a rope-a-dope to get people to buy puts contracts on the downside because they could sell those puts tomorrow as game stop stock rises.
Game Stop stock is "in play" but by it's own merits and technicals it should not be, so be careful.
In GME's favor are two things the financial media never wants to talk about:
The true short interest. It will cause the squeeze - it is inevitable. The documented SI in January was 226% - and they never closed the position - this is all per court transcripts of the civil suit against Interactive and RH. Since January, the squeeze has been delayed as they continued synthesizing more shares. (counterfeiting shares, creating a bigger squeeze.) The shorts couldn't unwind in January, and they really, really have dug a deeper hole for themselves in the last 10 months.
The NFT program, rumored to soon be unveiled (possibly this Friday). The hints being dropped about it is that the NFT is bringing something revolutionary to the market. A watershed moment.
These two aspects are rarely, if ever, talked about in financial news. When they are mentioned, the data is purposely skewed or distorted.
This is just my unprofessional opinion, but GME is going to squeeze like nothing anyone has ever seen, and I believe it was designed to do that, from the very beginning.
So your unprofessional opinion would be to buy 5 or above tier "in the money" Call contracts and buy some popcorn and watch the show?
No it would not.
I personally bought long and hold in direct registration.
Every option contract is resulting in more synthetic shares being introduced. They are all FTD's. Not many real shares left at the DTCC.
Either way though - this is happening, and soon.
Everyone has to make the decision for themselves on what to do or not do.
I never listen to strangers in windowless vans, OR the internet.
Noted, listening and pondering, but have you actually walked into a Game Stop lately?
I used to frequent there all the time. I went about a two weeks ago and it was depressing, slow and a lack of merchandise that even vaguely peaked my interest and I have a hard time fighting against long term fundamentals. So, going long in Block Busters was once a good idea until it wasn't.
I think for sure, you should not invest. It doesn't sound right for you.
I would never - EVER - encourage people to invest in something they didn't feel good about, that would always be a bad idea.
Me? I am super happy.
I do recognize the short squeeze potential but I also recognize that history repeats itself and I have seen this before and would caution you as a wise investor to take your profits very soon.
As for me, if I do invest, it will be in those horrid Put contracts, you find so detestable.
No shortage of people getting burned badly buying GME contracts. Can't lose with some shares at a broker and some shares at Computershare.