That's exciting!! I do have a question. Once we get to the moon (I'm going to hodl till we reach the far side) will we be able to sell these shares? I always thought this was just a way to bring down the shorts, never really expected to get anything from them.
Yes! I was thinking hundreds of dollars/share. I could watch that go but if we're talking 10s or 100s of thousands, that's a different story. Am I compromising my principle if the hedgies are taken down and I can help secure my financial future, and maybe my kids? I say it's a win win. Lol. I still expect absolutely zero from this but it's been good fun watching.
Hedgies who shorted may be forced to buy eventually. In the stock market, in order for you to sell, there must be a buyer. Let’s see who is willing to pay moon prices
That's what I'm thinking. It's not going to be a matter of willing to pay but forced to pay. But then they have to have the ability to pay. 1:7 split then moon prices, no one can cover that.
When margin call happens the hedgies are forced to buy and wont have any control over the buying price.
It will be automated by that stage. Just a computer buying any available shares to cover the shorted amount...no matter what the price is.
When the price moons and Citadel runs out of money, then their insurers will have to pay. When the insurers run out of money then the higher dominos will have to pay and start to fall...this will continue all the way to the Fed.
If biden pulls the plug and offers a capped settlement price of say 1 million per share, than the US stock exchange will lose all international trust. The whole world will see them as a bad comedy joke and abandon them forever. The Gov cannot allow that to happen...its checkmate.
You should read some of the early DD's like atobitts "House of Cards series".
This is the key. They force hedgies to cover through margin call and the like. This drives the price up. However, no one buys GME if it gets to 1000000000000000....so no one can sell. And poof, back to 40
That's exciting!! I do have a question. Once we get to the moon (I'm going to hodl till we reach the far side) will we be able to sell these shares? I always thought this was just a way to bring down the shorts, never really expected to get anything from them.
Earth moon or moons of Banana in Uranus?
Haha, diamond hands because unbreakable principles.
Yes! I was thinking hundreds of dollars/share. I could watch that go but if we're talking 10s or 100s of thousands, that's a different story. Am I compromising my principle if the hedgies are taken down and I can help secure my financial future, and maybe my kids? I say it's a win win. Lol. I still expect absolutely zero from this but it's been good fun watching.
You don't sell the stock. You borrow against it as collateral on the other side of the moon.
I also eat crayons, it that a real thing, borrowing against your own shares?
They sell so many other voo-doo financial schemes, it really wouldn't surprise me if we could.
Don’t paper hand in the 100s of thousands dude. This shit is going to ♾.
Hedgies who shorted may be forced to buy eventually. In the stock market, in order for you to sell, there must be a buyer. Let’s see who is willing to pay moon prices
That's what I'm thinking. It's not going to be a matter of willing to pay but forced to pay. But then they have to have the ability to pay. 1:7 split then moon prices, no one can cover that.
When margin call happens the hedgies are forced to buy and wont have any control over the buying price.
It will be automated by that stage. Just a computer buying any available shares to cover the shorted amount...no matter what the price is.
When the price moons and Citadel runs out of money, then their insurers will have to pay. When the insurers run out of money then the higher dominos will have to pay and start to fall...this will continue all the way to the Fed.
If biden pulls the plug and offers a capped settlement price of say 1 million per share, than the US stock exchange will lose all international trust. The whole world will see them as a bad comedy joke and abandon them forever. The Gov cannot allow that to happen...its checkmate.
You should read some of the early DD's like atobitts "House of Cards series".
I thought margin call was already supposed to happen
When margin call happens the MOASS will begin.
They have been keeping margin call at bay this whole time through various fuckery.
Ken Griffins (Citadels) plan is "survive one more day". He has mentioned this in previous interviews about the 2008 GFC.
This is the key. They force hedgies to cover through margin call and the like. This drives the price up. However, no one buys GME if it gets to 1000000000000000....so no one can sell. And poof, back to 40
Margin call will force hedgies to cover.
Forcing them to cover means forcing them to buy... at whatever price.
Right