NP and Omg I’m embarrassed for you lol. It’s DGAF. Are you old? |
So you sold, OP? I'm in for 88 shares in my Roth. Too risk-averse to put the rest of my cash in. |
| I have 10 shares and I’d love for it to turn into a down payment on a house 🥺 |
OP here I sold in January a wad of shares bought in the teens from December on the run up at the end of January. Had sellers remorse bought back in starting in early March. AT 10 TIMES the PRICE!!! Options, IRAs, regular taxable accounts, and a ROTH. I will hold the Roth for last. I see a path to 10M plus in just my ROTH. That would equal 500k tax free annual income for the rest of my life. I'd probably never touch the rest. Not bad overall seeing as the non Roth stuff would be worth even more. This "squeeze" hasn't started yet. January was not a short squeeze it was a Gamma squeeze related to the call options. The "real squeeze" is an epic meltdown of the hedge funds short positions. Millions of shares margin called and forcibly closed out. Many of these Hedge Funds will be liquidated. The Depository Trust Clearing Corp will close their short positions for them. They don't do this strategically, its just a closeout push of a button. GME will moon when that happens. 10,000 a share? Ha not even close. Keep in mind the reported short positions and formulas for that calc are completely false. None of the HFs have to report short put options and other shell game moves they play with their short positions. Its a game of "yea we covered" take my word" One fund Melvin Capital was short 6M shares as recently as February. Even at 200 per share they dont have 1.2B laying around and certainly dont have $$ when GME hits $1000. they are cornered, effed, and broke. The DTCC has trillions to back them up. Talk about a transfer of wealth! Thank you for all the stupidity Melvin
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OP, do you think SEC is complicit in all the naked shorting and the synthetic shares? It seems there's a real conflict of interest involved.
Can this bring down the stock market yet again? Is there enough money in Wall Street to cover all the run-up stocks the hedge funds needs to buy? Or are they gonna declare bankruptcy and leave the stock holders as bag holders? |
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Anonymous
Anonymous wrote: Anonymous wrote: OP here thank you to the English police and bagholder alert folks. Ive got an MBA and DGAF what you think of my writing. I wrote about GME in December in this forum its a squeeze oppty of a lifetime.I already pocketed 6 Million on it I am back now to take my ROTH into 8 figure land. A flash crash could occur today just like it saw on Mar 10.. the catalysts still align and regardless of the next 40-80 points up or down there is close to 500 Million shares short on this stock. A person named Marge N Call may be phoning a few Hedge Funds in the next few months. When that buying frenzy ensues it will be the getchor popcorn ready moment of a lifetime. No sky high share price will surprise me or anyone who researched this stock. Bankruptcies will rain down on a few of the major players they had their chance to get out but chose to press the bet..quite an epic miscalculation of risk and leverage. So you sold, OP? I'm in for 88 shares in my Roth. Too risk-averse to put the rest of my cash in. OP here I sold in January a wad of shares bought in the teens from December on the run up at the end of January. Had sellers remorse bought back in starting in early March. AT 10 TIMES the PRICE!!! Options, IRAs, regular taxable accounts, and a ROTH. I will hold the Roth for last. I see a path to 10M plus in just my ROTH. That would equal 500k tax free annual income for the rest of my life. I'd probably never touch the rest. Not bad overall seeing as the non Roth stuff would be worth even more. This "squeeze" hasn't started yet. January was not a short squeeze it was a Gamma squeeze related to the call options. The "real squeeze" is an epic meltdown of the hedge funds short positions. Millions of shares margin called and forcibly closed out. Many of these Hedge Funds will be liquidated. The Depository Trust Clearing Corp will close their short positions for them. They don't do this strategically, its just a closeout push of a button. GME will moon when that happens. 10,000 a share? Ha not even close. Keep in mind the reported short positions and formulas for that calc are completely false. None of the HFs have to report short put options and other shell game moves they play with their short positions. Its a game of "yea we covered" take my word" One fund Melvin Capital was short 6M shares as recently as February. Even at 200 per share they dont have 1.2B laying around and certainly dont have $$ when GME hits $1000. they are cornered, effed, and broke. The DTCC has trillions to back them up. Talk about a transfer of wealth! Thank you for all the stupidity Melvin This may be the dumbest post I have read about GME. This poster is likely a new Robinhood account holder and demonstrates zero actual knowledge of how the stock market works. |
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Hey, OP! I’ve written about my GME pandemic AMC stock as well. I’m transparent though, I know next to nothing about individual stock investments!
I have 28 left of GME (sold 50 @410 bought at $44.45) and I have 250 of AMC bought @ $2.31. I really hope my AMC goes to the moon. |
| ^GME and AMC stock... |
thanks for the input paid shill of DCUM. Uh whats so dumb about it? I'm talking about the elements of a short squeeze here. Robinhood? The boy from Bulgaria? What a bunch of crooks. A short like this will never happen again. Do you know the actual amount of shares short here? Nobody does. We may find out. The dumbed down version of what many people believe is a line of shorts aka forced buyers is forming to buy Gamestop. They are forced to buy i.e the Margin call. IF that line of buyers is 20 people deep and buyer 1 pays $400 a share..jeez yea I'm here so stupid buyer #20 will pay a lot more.. a real metric ton more than buyer 1 paid. If you racked 6 million since December approximately 35X on your portfolio let me know. |
SEC is spineless and yes they are complicit in every way. New regulations that are going into effect now designed to control collateral damage and create transparency. Will they ever change? The amount of naked short shares has already grown exponentially and continues to plague many helpless companies who look to the SEC for any kind of enforcement. They will say they support the retail investor but all of their actions say otherwise. SRO's like FINRA fine offenders pennies on the dollar and continue to tolerate this behavior. |
You guys are getting paid? |
Can states go after the federal government if we suffer another Great Recession? It seems the fox is in the hen house. |
In OP's defense, I don't think you need to know how things work to make money these days. See early tssla and crypto buyers. |
| Wait. You think GME will get to $10,000 per share because of bankruptcies in short sellers...? |
simple math here listen in, 10,000, $50,000 per share? all within reach, even higher than that. What if the real short shares total tally is 1 Billion shares that they have to cover? Gamestop has only 55 Million shares traded ( not owned by insiders) and actually closer to 30M actively traded shares. The excess short shares are synthetics born out of naked short selling. So a short squeeze or the MOTHER of ALL Short Squeezes is all 1 Billion shares being bought aka closed out. What if nobody is in the mood to sell people shares WE KNOW THEY HAVE TO BUY. ( you buy to close your short position). What would you sell someone your shares for if they were begging you to buy them or face going bankrupt? At 300-500 a share they can't close their short positions even if they wanted to. They wouldn't have the money. Can't come up with the money? No problem the DTCC places them in default and will liquidate all of their funds shut them down and close their shorts aka hit the buy button. Believe me the DTCC doesnt care if the price is 4000 or 40000 at that point they are just hitting the buy button and closing the short sellers bankrupt position. The DTCC has member money and other funds they can tap that are in the TRILLIONS to pay off these short positions. All of that will take months not days or hours. See why 50,000 a share could be low? Alexa play "when the levee breaks" by Led Zeppelin! |