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ObjectiveReality 2 points ago +2 / -0

This. That's what a 52 week high is.

Also that graph is zoomed so far out at 5y that all the action is going to be summated into some monthly metric where this month is the same as January, probably the highest daily close ~$300 for both.

3
ObjectiveReality 3 points ago +3 / -0

Actually the DTCC has been pushing through rule changes specifically to insulate itself and ensure the line of obligation completely guts everyone else before it gets to them. So 100% chance it's happening.

I get your cynicism, but that's not what's playing out.

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ObjectiveReality 2 points ago +2 / -0

Obligation rolls up.

Hedgies can't pay, then their brokers must.

Brokers can't then their MM must

Their MM can't, the DTCC must

From there the FED

Repeat this until you get it: All shorts MUST be covered.

3
ObjectiveReality 3 points ago +3 / -0

Rounded a bit.

26 million x 77,000 = 2 trillion.

2 trillion is not 'all the currency'

1
ObjectiveReality 1 point ago +1 / -0

Every dollar in GME is one less dollar in GME, so you should have dumped AMC at it's inception.

3
ObjectiveReality 3 points ago +3 / -0

GME won't hit infinity, but you are right that GME containing ETFS will rise in value in a comensurate amount.

2
ObjectiveReality 2 points ago +2 / -0

Plenty.

Retail holds more than the float, by a lot. Even if institutional share holders sold all of their shares at some silly price like $10k, the stock will still continue to squeeze after if retail refuses to sell that low. And since most of those holding understand the board they are playing on, will not be selling below several million.

Hypothetically, if retail refuses to sell enough to get the float below 100%, the price can rise infinitely. So the real question is about the maximum price that can be extrtacted from the mandatory obligation chain.

And since that chain goes HF > Broker > MM > DTCC > FED the answer is, yeah, all the fucking money.

50 million shares x $25 million = 1 Quadrillion dollars.

So yes, but no, but yes. Each share is basically a blank check from the US Government. Write in whatever the fuck you want.

3
ObjectiveReality 3 points ago +3 / -0

Currency isn't the factor here. There are plenty of other assets, like stocks and bonds, which can and will be sold to fund obligations. New DTCC rule changes have been written specifically to clarify liquidation proceedings for this event. It's not a meme.

Also, your math is bad try again.

1
ObjectiveReality 1 point ago +1 / -0

People, automatic trading halts are built into the system. You shouldn't be surprised by them and they don't signal anything aside from sudden price movements ... which in this case is the opposite of what those betting against you want to happen.

4
ObjectiveReality 4 points ago +4 / -0

GME, and do it now.

AMC is.... a bit of a meme, don't fomo into it

GME is still in pre-short queeze prices and is an even MORE attractive prospect now than it was in January. Since then all they've done is short it more. They've run out of actual shares to short long ago and have been naked shorting it using options to create synthetic shares (accounting tricks).

At the moment, the DTCC and others have been quietly moving emergency rule changes to insulate and protect themselves and the markets for when GME shorters are forced to cover and their liabilities begin to snowball.

The stock has long escaped it's fears of collapsing as Ryan Cohen and the GME crew have made crazy strides in their liquidity (loans repaid, nearly a billion in working capital) and a solid pivot strategy as they look to turn brick and mortars into mini distrubution hubs for same day delivery (most gaming is STILL physical).

And those aren't pipedreams, RC has poached major talent from Amazon and others to do for Gamestoip what his ethos for putting 'customer experience first' did for chewy.

TLDR: Zero risk in GME, near infinite upside. $1,000,000 per share during the squeeze is NOT a meme because it's shorted multiple times the float. AMC is also shorted, but not multiple times. AMC is experiencing a gamma and a bit of a bubble and has it's own potential, but GME is the literal once in a civilization historic golden ticket event.

3
ObjectiveReality 3 points ago +3 / -0

Idk, sounds like this we like the stocks guys is salty as fuck over something

1
ObjectiveReality 1 point ago +1 / -0

The play is a week, not a year.

It's a 3/5 squeeze being pushed by the COMPANY who is pissed that it's being shorted by the same group of bitches despite posting killer earnings. They announced a $1b stock buy back and a $1.11 special dividend for all share holders at the end of week driving up the price and punishing those responsible for the 40% short interest. The owner holds 95% of shares and by buying back with their earnings could send that SI passed 100% by cutting the float in half.

And you didn't have to sell GME to get RKT exposure, which unlike GME actually DOES have a timeframe. Literal pocket change was all that was necessary if you were checked in over the weekend.

You could have picked up a 3/5 call with a $34 strike for .15c ea on market open on Monday. Literal pocket change in my account has 50x'd. A $15 call bought Monday morning is worth $1k now. That's NOT what Melvin wanted to see.

The usual suspects are better hedged in RKT than they were with GME, and it may be true that they have positioned to take in capital in a squeeze despite their short positions (doubtful) but even so, even if this lets them last a little longer on their interest payments, this is not the outcome they want - shorting is their model. If it wasn't, they would have just bought long and never evoked the ire of a CEO who isn't playing around.

They don't want this, which means we do. Free money from a one week turnaround that doesn't require any selling of your GME position is going to fuel a surge of future GME investment. I can personally triple my GME position from this if it does nothing but crab at this point. If it continues to rise, so too does my GME position.

2
ObjectiveReality 2 points ago +2 / -0

TD Ameritrade works fine for me.

The approval process for options was as simple as "may I?"

And if you start the transfer of funds within business hours they open them up for you right away. Hope you were able to get in, you're one of the few that get it.

2
ObjectiveReality 2 points ago +2 / -0

Crypto is not a scam.

If you can't wrap your head around it buy Bitcoin and Etherium, then come back in 4 years.

If you can kinda get your head around it, wait six months, then buy up tokens you like the tech platforms of, and then forget about them for 4 years.

We keep screaming this and you all keep not listening.

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ObjectiveReality 2 points ago +2 / -0

Crypto is in the middle of a bull and that's not when I recommend getting in. You'll be up wonderfully in 4 years, but you'll be in the red a long time when this round of frantic investment pops. You'll have wished you had just sat that money in checking and gone crypto a year later. Presuming the dollar survives that long.

That being said, right now is a solid dip to get in on on the way up for a portion. I don't believe it's the top, but that's always a possibility. Come back for Crypto in a year, spread your investment across the newest in the top 15 of market cap and sit on it.

12
ObjectiveReality 12 points ago +12 / -0

Reminder: It doesn't matter what price you shorted at, whether at $5 or $200, that's still a share you have to buy back. All we care about is how many need to be bought back.

If your bank account survives your rebuying, then it's a good short play, if not, you done fucked up. Someone sitting on a ton of shorts right now, even if they shorted at $200, can still be fucked with the price at $120 currently if they can't buy enough back at those prices.

That's why no one cares what price they added shorts at, the fact that they have outstanding shorts is literally all that matters. If the sale from those shorts dries up from just a few hedgies, and they are forced to cover, ALL will quickly be forced to cover as the price skyrockets.

Holding a short position that you initially sold at $1000, is as much a fucking liability on your books right now as one sold at $5. Anyone who could have financially exited their short positions already have. The fact that so many are still shorted only means that NONE of them can afford to cover. The moon is an inevitability.

They aren't continuing to short because they think it's a smart play, but because they need the cash injections to stay afloat of their interest - like taking out a second credit card to pay off the first one.

0
ObjectiveReality 0 points ago +1 / -1

If an asset doesn't have a clear lineage of ownership then possession can't be established meaning it can't be legal tender.

And then you spend your reply detailing how clear lineage is performed without changing the assertion that so clearly depended on it not being so. Beautiful.

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ObjectiveReality 2 points ago +2 / -0

I'm long on crypto, but only a fool doesn't take profits on the way up of local bulls

by Blurpy
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ObjectiveReality 1 point ago +1 / -0

Aerodynamic on the outside, hours in the bathtub on the inside

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ObjectiveReality 2 points ago +2 / -0

If you sell at a hypothetical $800, you run the risk of missing main ignition.

If you're right you could 4x or 8x at a lower price later...

...if you're wrong you lose out on 100x gains


In theory, and in general, it is good practice to sell at local highs and buy back at local lows. But in this case I strongly advise against it. Because in reality, you do not know if it will go up or down. And if it goes up instead, you probably lack the resolve to buy back in at a loss.

And what is someone who sells and does not buy? A paperhanded bitch.

Think of those hypothetical few who after weeks at ~$50 sold their shares at $75 because it would just come down again and they'd double up their position. Well they probably didn't realize their mistake yesterday and buy back in at $150.

So unless you want to come face to face with how big a biotch you are, don't flip that coin. If it comes up head and it DOESN'T go down, you aren't buying back in "until it does".

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ObjectiveReality 1 point ago +1 / -0

The best time to get in was weeks and months ago, the second best time was premarket. Hope you're enjoying the start of today, but remember, this could be over in a week, or in months. Shorts are a curious affair.

Personally I take my joy from holding and not selling and watching the wild swings that are indicative of low volume available. The wilder the swings, the lower the available volume, the tighter the grip around the necks of those short.

Remember, THEY have to lie, and cheat, and manipulate, and dodge regulation, trying to drive the price WAY down so they can actually cover. All you have to do is relax and not sell.

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