Well, just for your reference, most retail trader apps have frozen purchase of so called "meme stocks" anyways, so no one else can get in even if they wanted to.
I disclosed my position and added the "not an advisor" blurb because technically, if someone construed me explaining the circumstances as advice and bought in, and loses it all, I could be held legally liable.
The fact that you're sitting here going "hurr be careful guys this dude's just trying to scam you" tells me you're drinking the MSM fear koolaid, because the "w-we're protecting the little guy!" excuse is the current narrative du jour. Good job carrying water for the MSM and not reading literally any of what I said.
Only reason I posted this was to give an insight into what's going on, so that even people who have been on the sidelines and have no interest in this understand the ins and outs of how what's happening is happening, and why it's totally organic and possible under the right conditions, rather than listen to the literal lies that this is a freak event that shouldn't be possible that MSM is screeching to protect their wall street buddies.
The conditions leading to this are a series of 1% probability occurrences, to be clear, but nowhere along the line did something synthetic happen.
Let me reiterate one more time: shorts have to buy shares. Period. As of last I checked, short float is 140%. Even a quarter of that is 35%, if we assume ONLY a quarter of current short float is past-due back to brokers. That alone would mean that 35% of GME's 46 million shares on the market MUST be bought back by these hedge funds to return to their lenders. If no one sells to them, they'll say "okay, I'll pay more". If still no one sells, "okay, I'll pay even more." And this is a conservative estimate of how much they need to cover.
Do you need me to explain supply and demand for you, too?
Well, just for your reference, most retail trader apps have frozen purchase of so called "meme stocks" anyways, so no one else can get in even if they wanted to.
I disclosed my position and added the "not an advisor" blurb because technically, if someone construed me explaining the circumstances as advice and bought in, and loses it all, I could be held legally liable.
The fact that you're sitting here going "hurr be careful guys this dude's just trying to scam you" tells me you're drinking the MSM fear koolaid, because the "w-we're protecting the little guy!" excuse is the current narrative du jour. Good job carrying water for the MSM and not reading literally any of what I said.
Only reason I posted this was to give an insight into what's going on, so that even people who have been on the sidelines and have no interest in this understand the ins and outs of how what's happening is happening, and why it's totally organic and possible under the right conditions, rather than listen to the literal lies that this is a freak event that shouldn't be possible that MSM is screeching to protect their wall street buddies.
The conditions leading to this are a series of 1% probability occurrences, to be clear, but nowhere along the line did something synthetic happen.
Let me reiterate one more time: shorts have to buy shares. Period. As of last I checked, short float is 140%. Even a quarter of that is 35%. That means that 35% of GME's 46 million shares on the market MUST be bought back by these hedge funds to return to their lenders. If no one sells to them, they'll say "okay, I'll pay more". If still no one sells, "okay, I'll pay even more."
Do you need me to explain supply and demand for you, too?
Well, just for your reference, most retail trader apps have frozen purchase of so called "meme stocks" anyways, so no one else can get in even if they wanted to.
I disclosed my position and added the "not an advisor" blurb because technically, if someone construed me explaining the circumstances as advice and bought in, and loses it all, I could be held legally liable.
The fact that you're sitting here going "hurr be careful guys this dude's just trying to scam you" tells me you're drinking the MSM fear koolaid, because the "w-we're protecting the little guy!" excuse is the current narrative du jour. Good job carrying water for the MSM and not reading literally any of what I said.