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Redditors gave Wall Street traders an absolute pasting


PTR said:
paperhanded bitch! :lol:

For me thuogh, I don't want to make a few grand. I want to never have to work again. This is probably my only chance to make that happen.
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True

The HF's are trying to tempt folk to sell under $40 so I've just changed my sell limits to $50 and $100 :lol:

Still a long way to go?
 
Herberthall said:
Aye read that earlier, that's not going to happen.......is it? :lol:

Is there some sort of share count this weekend or is it investor's count?
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I haven't followed AMC much to be honest, but there is a TON of Due Diligence posting on superstonk, and they've been doing video calls with various experts on the topic.

There's a shareholders meeting in about 2 weeks time, and they've all been working really hard to get access to vote in that - hoping that there will be many more votes than actual shares - proving the sheer amount of "fake" shares in the market (naked shorting etc).
Honestly, much of it is beyond me - but the bit I do get is that if the margin calls come in, the HFs have no choice but to cover ever short they've sold. And since retail shareholders own the entire float multiple times over, where else will they get the shares from?

And if the HF's go bust, its all insured, so insurance automatically buys ANY available shares until the shorts are covered. At ANY price. Its automated, effectively.

As I said, I've been in this for a few months. I'm a gibbering idiot. But people who know more than me are quite emphatic about it all.

The bloke who shorted the housing market in 2008 was told he was being an idiot...... He was absolutely right.
 
PTR said:
I haven't followed AMC much to be honest, but there is a TON of Due Diligence posting on superstonk, and they've been doing video calls with various experts on the topic.

There's a shareholders meeting in about 2 weeks time, and they've all been working really hard to get access to vote in that - hoping that there will be many more votes than actual shares - proving the sheer amount of "fake" shares in the market (naked shorting etc).
Honestly, much of it is beyond me - but the bit I do get is that if the margin calls come in, the HFs have no choice but to cover ever short they've sold. And since retail shareholders own the entire float multiple times over, where else will they get the shares from?

And if the HF's go bust, its all insured, so insurance automatically buys ANY available shares until the shorts are covered. At ANY price. Its automated, effectively.

As I said, I've been in this for a few months. I'm a gibbering idiot. But people who know more than me are quite emphatic about it all.

The bloke who shorted the housing market in 2008 was told he was being an idiot...... He was absolutely right.
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That's just about what I know apart from not sure the HF's are insured?

Cancelled sell limits.
 
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PTR said:
I think the crux is, they've shorted it beyond anything imaginable, and now the redditers hold the float, so they set the price - IF and only if there are margin calls and the HFs are foced to buy back
.
Just to give an idea, after the GME people moved off wallstreetbet (because it was basically stolen away from the community, by bastards), to their own page, many of them then moved away again, as they didn't agree with how the new board was being ran and created r/superstonk (yeah, I know).

r/superstonk has, right now, 100,000 people online. Not registered (that's 300k). Online. r/GME has about the same number of registered users, although a lot less online at any time, and there are still many people holding on r/wallstreetbets

But 100,000 people on one board for this stock. Only people who own the stock moved twice and log in every day.

It quite an interesting movement of people.
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This guy knows
 
PTR said:
I haven't followed AMC much to be honest, but there is a TON of Due Diligence posting on superstonk, and they've been doing video calls with various experts on the topic.

There's a shareholders meeting in about 2 weeks time, and they've all been working really hard to get access to vote in that - hoping that there will be many more votes than actual shares - proving the sheer amount of "fake" shares in the market (naked shorting etc).
Honestly, much of it is beyond me - but the bit I do get is that if the margin calls come in, the HFs have no choice but to cover ever short they've sold. And since retail shareholders own the entire float multiple times over, where else will they get the shares from?

And if the HF's go bust, its all insured, so insurance automatically buys ANY available shares until the shorts are covered. At ANY price. Its automated, effectively.

As I said, I've been in this for a few months. I'm a gibbering idiot. But people who know more than me are quite emphatic about it all.

The bloke who shorted the housing market in 2008 was told he was being an idiot...... He was absolutely right.
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Well this is nonsense
 
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