Everyone’s getting sick of it… The theater seats are emptying !!!🤨
(media.greatawakening.win)
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There’s a joke here about amc shills but I believe I’m on the wrong sub.
Oh hey, I get to plug GME before going to bed.
Going purely off volume, shorts have exceeded volume for all but four days since April 19th. Those being June 11th, and Aug 4th-6th. This is important because we've essentially had naked shorting be about half of all volume since a stretch from April 5th to 19th having alternating longs and shorts but ultimately canceling itself out. Before that period was again a stretch of shorts outpacing longs going back to Feb 19th.
Now it's been confirmed in various interviews that the SHFs were over 250 million shares short on a stock where only about 70 million shares were supposed to exist. The gap of shorts with no longs, indicating naked short selling would triple that value, at minimum. So there are now roughly 750 million shares short on a stock where there should only be about 76 million shares. There will be a financial crater from this, and a LOT of people are going to be hit from the fallout.
Woah. This is wild to think about and explained well. Some of the DD on r/SuperStonk is hard to follow. Thanks for making this easier to understand.
And yes, I’m an ape even though I don’t understand it all.
Considering the term Ape is derived from the Hedgies calling retail dumb money, retail embracing it and taking it to it's extremes, see jokes about eating crayons, not being able to understand it all is par for the course for an Ape.
One of the problems with the DD on Superstonk is that some of it does tend to build on other works, so if you have time and wish to add some wrinkles you might want to check this out.