Oh hello I’m back again!
To help you all out. Again, I have made mega money on GME(6 digits) & will make a lot in AMC on Monday. As 15 million shares have to be bought back closing at 8.01 like we did. Old people invest & steady & slow she goes. Forget that boomer crap, we want money fast & all you need is the 25k limit VIP pass & you in. I got a great job & it will retire me anyways. The market is here to make money, not a vehicle to reflect the whole entirety of our economy.
Yes, OP is exactly right, GME & AMC are not about investing fundamentals. Those two stocks are the most shorted stocks in the world. The current play on it is to squeeze it, that is it. It’s that simple, it will pay out & that will be that. They cannot not cover in the short term, it isn’t mathematically possible. They overshorted & over leveraged to bankrupt GameStop. In which If this would have happened, all those gains made on that short most likely would not have been taxed depending on the GME bankruptcy filing. That won’t be happening anymore, again the people shorting don’t have enough real shares to cover or close in the short term. This could last years if they try to actually cover. Which would have to be done in the Options sector. Yes, this is now a hedge fund war but retail is holding & buying & not doing a lot of selling. Which moves the price but also keeps it stable.
Remember Micheal Burry waited two years for his short to pay out. The GME gamma squeeze that was stopped was going to start the real squeeze until Robinhood stopped the buy orders. The play hasn’t changed, it has already worked once. It isn’t a hard concept.
Me? I’m not selling, forget about it. These hedge funds & people with abhorrent practices of ruining companies don’t get out easy this time. I was down 90%, & now I’m in the money. They are never getting my shares. They HAVE to HAVE them in GME. It is why we are where we are now. If this was actually over, there would be way less volatility, volume & coverage. Don’t kid yourself, this is a situation we will never see again. The holders have a chance to ask what sell price they want for their shares. Problem is, they are going to try not to cover. Serious consequences are at stake for how this ends too. It has the ability to not just crash our market, in which it will do if the squeeze happens. It can forever stain Wall Street if the SEC bails out the shorts. A no faith market in which a lot of pple across the world will pull there money out of Wall Street, me included. If the markets aren’t free & organic enough to let these people lose on their bad short bet then change most happen. Even if it evolves losing it all. WE ARE NOT SELLING UNTIL THE SQUEEZE.
Lastly, again, GME & AMC is a short play. They made a bad bet & are still actively getting countered. That is all these two stocks are. Logic & normal market activity doesn’t apply to it until this saga is over & the stocks are normal.
