Basically Hedge Funds have been creating synthetic shares of companies and "Naked Shorting" (Borrowing more shares than exist and selling them on the market to lower the price so they can buy back at a lower price and keep the difference) stocks for decades.
This destroys companies as it manipulates the stock price downward and drives companies out of business. The HF's get rich of this while going LONG (Betting on upwards movement) on competitors that will take over that market share. Now this ONLY works IF they can drive a company out of business which they've been successful at doing so far.
It appears Amazon is the final boss of this fraud as the companies the HF's have been targeting were all Amazon competitors in areas they wanted to expand or eliminate competition at Amazons behest.
By retail investors getting behind GME while these HF's were naked shorting the stock they have not only stopped that from working but also SCREWED the HF's since they need to return every share they borrowed and sold and THERE AREN'T ENOUGH SHARES. The short interest is well over 200% of shares that exist that we can see on paper. If we estimate dark pools it's prob over 500%.
Basically they need to buy all the shares that exist at LEAST a couple of times over to close their positions because they couldn't bankrupt GameStop. They got greedy, they got caught. This will cause the price to TEMPORARALY go higher than any other stock we've ever seen when the short squeeze happens. To give an example VW has a short sneeze back in 2008 where it went from the edge of bankruptcy to the most valuable company in the world with a stock price of over $1000 a share.
Here's the kicker.... VW was only about 20% shorted. A FRACTION of GME.
This will be the greatest transfer of wealth in the history of the world and BREAK the corrupt Wallstreet and banking systems. And it looks like the SEC knows it and has been putting in the framework for the last year to liquidate market makers via new laws, rules, and regulations that address a massive, unheard of black swan event.
Gamestop now has zero debt, record sales, a KILLER team, and are working on something HUGE in secret. How huge? People HIGH up in companies like Amazon, Apple, Google, and more are leaving their jobs to work for GameStop. Ryan Cohen is a GOD among CEOSs that turned Chewy into a killer company. He could have gone ANYWHERE he wanted. He chose GameStop. Dude has a plan.
What's another way to say Q's phrase "GAME OVER"?...... Game Stop. I think this is part of the plan. A financial arm of attack to drain the resources of the central banks and financial establishments that have been stealing from taxpayers then getting bailed out by taxpayers for decades with no consequences. A rigged system that needs to be torn down and replaced.
I also think that GameStop is working with LoopRing to make a blockchain based stock market system that will cut out the middle men, make fees pennies, and eliminate almost all fraud like Naked Shorting, FTDs, and more. Returning Power to the People. GameStop's motto is "Power to the Players"
When? I'm hoping by the end of next month. (2/22/22 if I'm reading the tea leaves correctly) But it could be sooner or longer. Shorts MUST cover.
Thanks for coming to my TARD Talk.
You can learn alot more here www.reddit.com/r/Superstonk/
If you do decide to invest DO NOT USE ROBINHOOD or WeBull. They have already screwed investors once and sold shares without permission.
DRS is best (Direct Registration of Shares that puts the stocks in your name instead of with a broker) Computershare.com is where you want to go for that. Takes a bit longer to to it this way. You can also move shares from your existing broker to Computershare IF they allow it. Some are trying to stop you from doing this.
None are perfect but Fidelity has been about the best IMO if you don't have a broker and want to get started.
Disclaimer: Never invest more than you can lose and always do the opposite of what Jim Cramer says. Although I've made over $150,000 this year on stocks and crypto I'm still very much retarded and go to the hospital at least once a month for eating too many crayons or getting them stuck in various orifices. My brain is as smooth as cellophane and there's not a wrinkle in sight. Very little surface area. That being said I'm all in. All my portfolio is currently GME and my crypto is LRC. There's no bigger plays out there IMO. After the squeeze I'm gonna buy a crap-ton of DWAC but currently it's not in the same category even if it goes 10x in the next 6 months GME is still the better ROI.
Okay so you can either go to computershare.com and set up an investor account and then call vanguard and tell them you want to directly register your shares with computer share. They should know the process.
Or you can just call vanguard and tell them you want to directly register your shares through computer share. They should be familiar with the process and they will send them over and it will automatically create an account for you using your name and social security number I believe then you can log in and finish setting up your account instead of password and everything.
If you go to that subreddit and search vanguard DRS you should be able to find detailed instructions for your specific broker
I'm on mobile right now but if you run into any trouble either DM me or leave another comment and get in front of my computer and send you the appropriate links and info