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.
What are you expecting to happen with GME? How does the situation resolve, as you see it?
What's going to happen to GME? Think of the biggest number you'd believe is reasonable, then add three more zeroes, then double the number of zeroes, and heck double it again, now you're getting close.
We're basically waiting for one of the hedgefunds to fail a margin call and get liquidated, because that's when the computers take over, and when they have to sell all of their assets and buy every share they shorted at whatever price is listed, prices all over the market are going to go into flux, which will lead to other hedge funds failing. Then the buck starts going further up the chain, and the fluctuations get bigger, and the market makers start to fail, and this process continues until all that's left in our path is the FED and it might fall.
Make no mistake, the fallout will likely be worse than the crash of '29, plan accordingly and Noblesse Oblige.