What i don't understand is what is their exit plan? You can't all sell your $120 position without the stock tanking. That's why you sell well before these people are saying, otherwise you're going to be stuck with a $5 stock purchased at $80+.
to play this game you have to put in an amount you can spare, and then you just hold no matter what and assume you'll lose it eventually. why? to squeeze the fuckers. that's the only real way to "play" the market instead of letting it play you. you have to not have making money as your goal
there is a decent chance this causes a financial collapse after a massive wealth redistribution, so it will definately be a body blow to capitalism and helps the material conditions of some of the proletariat.
So basically what's happened is that people have shorted the stock, meaning they've borrowed money to buy this stock sometime in the past and will spend money in the future to return the stock. This is basically betting the stock goes down, If it goes down they make money. They have to pay interest on this. So many hedge funds have done this that the interest is quite high. Also a lot of these shorts have expiration dates.
My understanding is either the hedge funds will be forced to sell when the date is met, or they'll sell because the interest is becoming too much. Or
It's the most shorted stock on the market, up to like 140% and the big firms were doubling down on the short on Monday. The short sellers are going to have to buy so much fucking volume that they will have to buy at basically any price that they can. That's my exit plan, fuck over some boomer billionaires lmao. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
What i don't understand is what is their exit plan? You can't all sell your $120 position without the stock tanking. That's why you sell well before these people are saying, otherwise you're going to be stuck with a $5 stock purchased at $80+.
Basically, pull out early. Like now early.
Counter argument: hold
to play this game you have to put in an amount you can spare, and then you just hold no matter what and assume you'll lose it eventually. why? to squeeze the fuckers. that's the only real way to "play" the market instead of letting it play you. you have to not have making money as your goal
:joker-dancing:
So you say I pay a small amount of money to fuck some ghouls over big time? Crowd sourced destruction of capitalism?
there is a decent chance this causes a financial collapse after a massive wealth redistribution, so it will definately be a body blow to capitalism and helps the material conditions of some of the proletariat.
Aight, Ima put the money I usually invest into spraycans for anticapitalist slogans into this now. At least one I get verfied :P
So basically what's happened is that people have shorted the stock, meaning they've borrowed money to buy this stock sometime in the past and will spend money in the future to return the stock. This is basically betting the stock goes down, If it goes down they make money. They have to pay interest on this. So many hedge funds have done this that the interest is quite high. Also a lot of these shorts have expiration dates.
My understanding is either the hedge funds will be forced to sell when the date is met, or they'll sell because the interest is becoming too much. Or
It's the most shorted stock on the market, up to like 140% and the big firms were doubling down on the short on Monday. The short sellers are going to have to buy so much fucking volume that they will have to buy at basically any price that they can. That's my exit plan, fuck over some boomer billionaires lmao. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
HODOR HODOR HODOR
Put in a stop limit for whatever you can stomach losing