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Plausible deniability. With all the shenanigans going on in the market, if a politician makes 50,000% profit on a stock, there will be questions. Cashing in on a lesser squeeze can be brushed off as a lucky break.
I don't like her either, but do you really think she would let her husband invest in something that wasn't a sure thing? She already cashed in on Tesla. Do you think she won't do it again? I'm not 100% that we'll see a MOASS from AMC, but an ordinary squeeze to $200 seems virtually guaranteed at this point.
I'm not telling anyone to buy AMC, but I think this is a good enough reason to hold what you have. Before I saw this, I was going to cash out AMC, but now I think I'll wait a little longer before I do.
I just found out Pelosi is invested in AMC. Specifically, her husband owns 1,000,000 shares of Alliance Bernstein, which holds almost 500,000 AMC. If corrupt politicians have money here, the question is no longer "if" but "when."
Either their short position was low enough that they were able to cover at a significant loss, or a bigger fish is buying out their positions, taking on the debt themselves. That's my guess.
Still bullish, but realize, this is not a margin call. This is one HF taking the L and bowing out. The fact that we're seeing that should still make us very optimistic. They are starting to admit defeat.
I can't seem to decide. With how much AMC is being hyped, is it just a distraction, or are they trying to reverse psychology us? Whatever. I'm still up 600+%. I'm not bored yet, so I'll just keep watching for now.
In the Netherlands. I didn't make the graphic, I just shared it. I don't know why he based it off of data from the Netherlands, but honestly, I trust the Dutch more than anyone in US media, so I'll run with it.
No, I'm pretty sure a coordinated effort like that falls under the category of "market manipulation" that we of the plebian class can't get away with. It's one thing to buy a stock that you like, and even explaining to someone else why you like it is fine. Maneuvering people into buying stocks, especially ones you are not personally invested in, is exactly the kind of shady deals we're fighting against.
Whoever did this math is also relying a 30% rate of paperhanding, hence only 660 million.
Patience. GME stated that they "may issue" up to 5 million new shares "from time to time," and the outgoing CEO dumped over 100,000 shares. The thousands of shares released into the market, along with the possibility of more coming down the pipe has diluted the share value slightly.
There's also the usual manipulations, trying to bring it down. We've only seen such a dramatic and sustained dip due to the interaction of these 2 factors.
Your first major dip is rough. I remember when I lost 22% in one day. I nearly paperhanded everything. It's been a crazy 5 months, but this has done wonders for my mental health. I've learned to ride the waves. If I can, you can.
Citadel has a sizeable stake in CLOV. This isn't a real squeeze. They're engineering this so they can raise funds to cover their AMC and GME positions. Buyer beware.
Patience Padawan. Squozen, the squeeze is not.
Definitely. Consider the fact that I omitted one line of data because there's a question of double counting insiders. Even when you remove one line of data, it looks like 35% shorts.
Okay, I hate to burst the bubble, but ot looks like this guy made a slight error in transcribing the data. The numbers still don't add up, but it isn't quite as dramatic as it looks at first glance.
The shorts should be added to the total shares, not the ownership. In theory, you shouldn't have more people claiming ownership than there are real+borrowed shares.
It also looks like there was something funny going on with the major holders+insider number, so let's discount that for the moment.
Retail+insiders should equal total shares+shorts. It doesn't.
That means there are a bare minimum of 56 million naked shorts on top of the 100 million reported.
Source for this?
Not that I don't trust you, but if we've learned anything, it's that we can't trust anything.
We have our window.
New CEO starts 6/21, the same day that 002 goes into effect which could trigger AUTOMATIC margin calls.
New shares may be issued "from time-to-time" and always at market value. They'll start doing this when the squeeze is peaking and hedge funds desperately need to get their hands on shares.
New CFO starts 7/12 to help sort through the trillions of dollars they make from dropping those shares in the middle of the squeeze.
Not financial advice, but psychological.
Find a book. Do something, anything, besides watch the ticker. It's probably not happening today, because the details of the shareholder meeting won't be published until after market close.
Once we know that, we'll be able to make some guesses. Worst case scenario, we wait until the new SEC rule takes effect (I forget the number) that allows automatic margin calls on overleveraged firms.
Don't feel bad. I wad late to the party too, and I'm too scared to ask what some of the terms mean at this point. I just learned what FUD stands for last week.
As far as I can tell, the ape thing is partially motivated my a Planet of the Apes meme. Caesar wakes up the other apes and explains that they won't be fighting each other like humans. He illustrates that a bundle of sticks is stronger than an individual stick. "Apes together strong."
Basically, we might be weak and stupid individually, but enough of us together are a force to be reckoned with.
There's also this bizarre obsession with Harambe. Haven't figured that one out yet.
Unpopular opinion, sell for whatever you want....
...as long as it's on the way down.
Don't be the paperhand that scrubs the launch.
I just want to thank everyone for weighing in on this. It was a random thought that struck me, and I very much appreciate hearing everyone's perspective.
That's why I don't read the newsletter. I figure once I have my tendies, I'll pull my money. For a total trading noob like me, I just like the stripped down interface on the app. I still struggle with all the charts in the DD on Superstonk.
SoFi has been alright for me. I've heard of some bad customer service experiences, but I haven't had any. At least, not yet. Besides stocks, you can also set up a hybrid checking/savings account with a crazy APR. I'm getting 0.25%
Link for stocks: https://www.sofi.com/share/invest/3648708
Link for banking: https://www.sofi.com/invite/money?gcp=28c6bc5b-afa9-4996-96d9-9de88f6a22dc
Total FUD. Those 11.5M shares were issued several weeks ago. The paperwork was just filed with the SEC.
It ain't over yet boys.
My thoughts exactly. I'm short on funds, but managed to snap up 5 more MVIS.
The AMC fanboys on reddit have been screeching $500k for a while. I'm just not seeing it. GME is shorted to infinity. AMC keeps issuing more shares. I don't think it's an equivalent comparison. We'll see what AMC does tomorrow. I was expecting them to allow a slow climb to $80 to entice people into buying in, but that didn't happen.