Ive bought a bunch of MAGA adjacent stocks. I think they are all getting shorted. But even if they arent, when we come out the other side these companies will be at the forefront of the rebuild.
Corrupt hedge funds have for a long time shorted (bet against, not for) companies. They use a lot of unethical, or downright illegal tactics (counterfeiting shares, which is called naked shorting) to drive the companies into bankruptcy and to get delisted from the stock exchanges. The shorts win big $ when this happens.
It began 20+ years ago, mostly to small companies that went under the radar. It was also common with medical research companies who were developing cures to cancer and other ailments. Of course big pharma can’t allow that to happen, so these companies were ruthlessly driven into bankruptcy.
The game escalated into the big time when a hedge fund VP named Jeff Bezos left his big $ job on Wall Street, and decided, instead, to launch an "online book store" called Amazon. Maybe you've head of it, and it's too good to be true rise to become the king of retail. By sheer dumb luck (sarcasm here) as Amazon expanded from books into other avenues, their competitors (Sears, Toys R Us, Radio Shack, Blockbuster, and on and on) were being driven into bankruptcy, right as Amazon was moving into those new avenues of retail. Amazon's competitors dropped by the wayside as his old buddies on Wall Street got rich in the process. Surely just a coincidence, lol.
As more people starting becoming aware of what was happening, a guy (a white hat asset, it now seems like in hindsight) named Keith Gill (aka "Deep Fucking Value" or "Roaring Kitty") began amassing a growing following as he explained the situation, and how GameStop was a current target of the shorts. Was Amazon trying to take over the video game segment of retail? Gill showed how all investors needed to do to stop this, was to buy shares, and HOLD THEM, which would thwart the shorts.
If you're "long" on a stock and it goes bankrupt, then you could potentially lose your whole investment, whatever amount you paid for the shares. However, if you're "short" a stock, and its value rises, there is no limit to your potential losses. Again, there is no limit to the amount you could be responsible for owing. To make matters (EXTREMELY) worse, if a stock has been severely "naked shorted" then it isn't even possible to close your short position, because not enough real (not counterfeit, or naked) shares exist. There aren't words that can describe the situation that can arise from this. Catastrophic would be putting it mildly.
Long story short (no pun) what we believed was just us holding shares of GameStop (GME) a few years ago was a one-off situation (that is still in play) now seems to be part of a much larger, extremely well orchestrated white hat plan to trap the corrupt short sellers. As we learn more, it now looks like many companies are involved in this, not just GME, with the latest being Trump's DJT stock. By digging into legal filings, it now appears that DJT is part of it, and last night, in the video clip I posted, Trump mentioned the situation, and said "shorts can get hurt very badly" which is a yuge understatement. He's letting us know.
TL/DR: Corrupt Wall Street bankers are going to be bankrupt in the greatest transfer of wealth of all time. Or, as GameStop CEO, Ryan Cohen, put it "the best time to be alive in human history is now."
Here's great documentary from 2012, about the naked shorting scam...
That was a great explanation, thank you fren for taking the time. I watched the film too from beginning to end -- was excellent. The question now is will DJT go lower like Steve Bannon suggested, or should we buy more now while it's around $31 a share. I think it will go lower, but seeing it at $30 today was a great temptation.
Well, that's the gamble, none of us have a crystal ball and can predict when it might fall or rise in price. If Trump, or TRUTH Social drops some big development then the price will shoot up and you'll be kicking yourself for not getting in when you could have. We've all done that; I almost bought Bitcoin when it was at $25k but I procrastinated and didn't end up buying until it was at $43k.
One more quick thing, if you're not aware of the difference between shares and warrants...
Shares (DJT) are currently $32.50
Warrants (DJTWW) are currently $13.70
If you buy a DJTWW warrant, then you'll be able to turn that into a share of DJT (exercise the warrant) for an additional $11.50 when the window to do that begins (should be in a month or so).
So $13.70 + $11.50 = $25.20 which is a $7.30 discount, compared to buying a share directly.
Citi would not allow purchase of $GME yesterday because of “volatility” I have an Ira at E*trade where I was able to pick up some more shares. Citi would allow $amc and $iep so I bought some of those too.
This isnt accurate at all. People are still buying GME every day. If a broker actually stopped you from buying it would be all over twitter/superstonk etc. GME hasnt had volatility the last weeks/months.
And then panic buying AMC and IEP? Terrible advice. Also none of your IRA shares can be DRS'd so thats also not a great move.
Well if that ain't a hint hint... I don't know what is. Time to buy more. But I think we need to DRS his stock. Who is the registrar? Because fuck brokers.
When you DRS your DJT stock, it now goes to Odyssey Trust. For anyone that previously DRS'ed their DWAC stock it formerly went to Continental Stock. Any DWAC at Continental has now been moved to Odyssey Trust. To get online access to your stock, call them and they'll give you a temp password. You should have received a paper in the mail with your Shareholder number.
BBBYQ is currently in a Chapter 11 reorganization (NOT a Chapter 7 bankruptcy).
When Chapter 11 began the judge locked all big (4.5% or more) shareholders (long and short) from trading, so that no funny business could occur during the reorganization. Later, ALL shareholders (both long and short) had their shares “disappear” from brokerages, so that nobody (long or short) can trade while the proceedings are ongoing.
Stay tuned, because you might be very, very happy with what happens to your “former” BBBYQ shares!
DRS (Direct Registered Shares) transfer is the only way to actually own them in your name. And you cant DRS shares from IRA accounts. Whatever trader you go with, make sure you can DRS transfer them out (hopefully with minimal fees).
Relevant link:
TN lawmakers held a hearing last week....some of them have figured out that household investors have no property rights or ownership of their stocks and that the DTCC and friends actually own almost everything and have built their house of cards on top of it
Not sure if you can even DRS transfer from Robinhood these days. Any anon that has actually been paying attention (especially ones with several year old accounts) hasnt gone near 'Robbing the Hood' since the GME saga started.
Welcome to the short trap. Buy while you can because Trump is straight up telling us how this is going to turn out.
In an Infinity Squeeze, no one can hear you scream.
https://www.reddit.com/r/Superstonk/comments/ny8mk8/the_infinity_squeeze_thesis_summary_and_breakdown/
Something tells me that when this fake market blows there are going to be multiple stocks squeezing.
Ive bought a bunch of MAGA adjacent stocks. I think they are all getting shorted. But even if they arent, when we come out the other side these companies will be at the forefront of the rebuild.
YOLO - you only live once.
Can you explain more fully for stocktards like me?
Sure thing, CornPop...
Corrupt hedge funds have for a long time shorted (bet against, not for) companies. They use a lot of unethical, or downright illegal tactics (counterfeiting shares, which is called naked shorting) to drive the companies into bankruptcy and to get delisted from the stock exchanges. The shorts win big $ when this happens.
It began 20+ years ago, mostly to small companies that went under the radar. It was also common with medical research companies who were developing cures to cancer and other ailments. Of course big pharma can’t allow that to happen, so these companies were ruthlessly driven into bankruptcy.
The game escalated into the big time when a hedge fund VP named Jeff Bezos left his big $ job on Wall Street, and decided, instead, to launch an "online book store" called Amazon. Maybe you've head of it, and it's too good to be true rise to become the king of retail. By sheer dumb luck (sarcasm here) as Amazon expanded from books into other avenues, their competitors (Sears, Toys R Us, Radio Shack, Blockbuster, and on and on) were being driven into bankruptcy, right as Amazon was moving into those new avenues of retail. Amazon's competitors dropped by the wayside as his old buddies on Wall Street got rich in the process. Surely just a coincidence, lol.
As more people starting becoming aware of what was happening, a guy (a white hat asset, it now seems like in hindsight) named Keith Gill (aka "Deep Fucking Value" or "Roaring Kitty") began amassing a growing following as he explained the situation, and how GameStop was a current target of the shorts. Was Amazon trying to take over the video game segment of retail? Gill showed how all investors needed to do to stop this, was to buy shares, and HOLD THEM, which would thwart the shorts.
If you're "long" on a stock and it goes bankrupt, then you could potentially lose your whole investment, whatever amount you paid for the shares. However, if you're "short" a stock, and its value rises, there is no limit to your potential losses. Again, there is no limit to the amount you could be responsible for owing. To make matters (EXTREMELY) worse, if a stock has been severely "naked shorted" then it isn't even possible to close your short position, because not enough real (not counterfeit, or naked) shares exist. There aren't words that can describe the situation that can arise from this. Catastrophic would be putting it mildly.
Long story short (no pun) what we believed was just us holding shares of GameStop (GME) a few years ago was a one-off situation (that is still in play) now seems to be part of a much larger, extremely well orchestrated white hat plan to trap the corrupt short sellers. As we learn more, it now looks like many companies are involved in this, not just GME, with the latest being Trump's DJT stock. By digging into legal filings, it now appears that DJT is part of it, and last night, in the video clip I posted, Trump mentioned the situation, and said "shorts can get hurt very badly" which is a yuge understatement. He's letting us know.
TL/DR: Corrupt Wall Street bankers are going to be bankrupt in the greatest transfer of wealth of all time. Or, as GameStop CEO, Ryan Cohen, put it "the best time to be alive in human history is now."
Here's great documentary from 2012, about the naked shorting scam...
https://archive.org/details/videoplayback_20210423
That was a great explanation, thank you fren for taking the time. I watched the film too from beginning to end -- was excellent. The question now is will DJT go lower like Steve Bannon suggested, or should we buy more now while it's around $31 a share. I think it will go lower, but seeing it at $30 today was a great temptation.
Well, that's the gamble, none of us have a crystal ball and can predict when it might fall or rise in price. If Trump, or TRUTH Social drops some big development then the price will shoot up and you'll be kicking yourself for not getting in when you could have. We've all done that; I almost bought Bitcoin when it was at $25k but I procrastinated and didn't end up buying until it was at $43k.
One more quick thing, if you're not aware of the difference between shares and warrants...
Shares (DJT) are currently $32.50
Warrants (DJTWW) are currently $13.70
If you buy a DJTWW warrant, then you'll be able to turn that into a share of DJT (exercise the warrant) for an additional $11.50 when the window to do that begins (should be in a month or so).
So $13.70 + $11.50 = $25.20 which is a $7.30 discount, compared to buying a share directly.
Steve Bannon on the War Room said the stock is down and could go as low as 16$. I put in a buy order for 17.76.🇺🇲
I am also waiting for DJT to drop below $20 to buy a few more. I might grab a few GME while I'm at it. Or I might just buy some more silver.
Citi would not allow purchase of $GME yesterday because of “volatility” I have an Ira at E*trade where I was able to pick up some more shares. Citi would allow $amc and $iep so I bought some of those too.
This isnt accurate at all. People are still buying GME every day. If a broker actually stopped you from buying it would be all over twitter/superstonk etc. GME hasnt had volatility the last weeks/months.
And then panic buying AMC and IEP? Terrible advice. Also none of your IRA shares can be DRS'd so thats also not a great move.
i'll do the same so when that hits maybe we can start 'SUICIDE WEEKEND' when DJT soars.
Sauce?
Well if that ain't a hint hint... I don't know what is. Time to buy more. But I think we need to DRS his stock. Who is the registrar? Because fuck brokers.
When you DRS your DJT stock, it now goes to Odyssey Trust. For anyone that previously DRS'ed their DWAC stock it formerly went to Continental Stock. Any DWAC at Continental has now been moved to Odyssey Trust. To get online access to your stock, call them and they'll give you a temp password. You should have received a paper in the mail with your Shareholder number.
Thank you, Continental sounds familiar and am pretty sure I DRS'ed some DWAC a while ago with them. I'll make some calls
anyone notice the vid was also 17 seconds long
Trump's opponents are going to take it in the shorts.
I previously sold all my DWAC and put it on Bed Bath Beyond, when it was really low. It went under.
So glad the shorts are letting me buy into DJT at a discount.
BBBYQ is currently in a Chapter 11 reorganization (NOT a Chapter 7 bankruptcy).
When Chapter 11 began the judge locked all big (4.5% or more) shareholders (long and short) from trading, so that no funny business could occur during the reorganization. Later, ALL shareholders (both long and short) had their shares “disappear” from brokerages, so that nobody (long or short) can trade while the proceedings are ongoing.
Stay tuned, because you might be very, very happy with what happens to your “former” BBBYQ shares!
#TEDDY
That's true. Apparently the disappearing is note what happened in past bankruptcies. Hopefully we get something nice out of BBBY in the end.
It would be nice to have some DJT, though. I feel like Trump is more of a sure bet.
I bought through Robinhood. Time to buy more soon.
Oh boy... Robinhood is the absolute worst choice.
You are only buying digital IOU's that aren't actually in your name.
how about through Fidelity in my ira?
DRS (Direct Registered Shares) transfer is the only way to actually own them in your name. And you cant DRS shares from IRA accounts. Whatever trader you go with, make sure you can DRS transfer them out (hopefully with minimal fees).
Relevant link:
Not sure if you can even DRS transfer from Robinhood these days. Any anon that has actually been paying attention (especially ones with several year old accounts) hasnt gone near 'Robbing the Hood' since the GME saga started.
I've gotten a couple letters from some trading company that want me to call the Right Away about my shares 😂
Is Schwab the only investment broker that carries this stock?
Is Interactive Broker still out there? They used to be the best when I was trading options.
Anyone have the whole speech?
Here’s a longer version on TRUTH Social…
https://truthsocial.com/group/dwac/posts/112250605746197702