Yep I think we were all expecting it to drop to the 30s but we just keep eating up those dips HF’s have to be scrambling lol.No way to spin it. Today was a huge win.
these hedge funds low key should probably just go ahead and eat this loss figure out a price and point and just let attrition work. Seems like the more they fight it the more they make people want to hold longer. People will naturally start selling positions as they start to see big money in their accounts only the strongest will remain holding. But doing it like this people will just keep holding....
But oh well fuk em.
What this man to us bruh
I dont think $70 is the be all end all. But there's certainly a reason for us to be bouncing in the 50s for going on 3 weeks.
In short, I haven't seen $70 as a price that Carries that much weight.
That would destroy the market. Never gonna happen.
It would kill the market. Why would anyone invest if the hedge funds can always count upon Congress to rescue them from a losing bet? They gambled and lost.
No, the computer would price it if they bought that many shares that quickly. But, we have to also remember that they can only buy what we sell. So, theoretically, it could reach xxx,xxx in a single day of trading - if we hold.
That’s why this is a black swan event that has hedge funds and the government scrambling for a solution that doesn’t doom the economy. There really isn’t any solution except for a massive transfer of wealth to us and a bailout of the hedge funds that will be paid for by the massive amount of taxes the government will collect from our returns.But...isn't that kinda where we are now? We dream, but we expect some type of fukkery. Our faith in the market is only so much? We can picture...and HF can stomach shares going to 500-1000 per share. But 50k? 100k?
Trying to think from their position, my arguement would be, "If you don't put a cap or limit on how high these shares go it will cause massive inflation. Inflation that these thousands of new millionaires can handle...but what about the hundreds of millions of people who didn't come up. Sure we HF would be punished, but so would billions of innocents ."
That's the game or similar to what I'd be playing.
They pay interest everyday whether they cover or not. And the government bailing them out would mean we still get paid.So something just crossed my mind..
You think these fukkers are gonna try to hold out to see if the white house changes presidents? You know damn well any republican that would take office will bail them out in a heart beat.. and line theor pockets at the same time.
Can these hedge funds hold out that long?
Lets say for example.. they hold out to 2024.. and keep kicking the can down the road.. never paying any interest thats accumulating.. and getting bailed out?
Somebody please tell me that aint possible.
They pay interest everyday whether they cover or not. And the government bailing them out would mean we still get paid.
Im not even sure there is something the government could do to stop it if they wanted to.
Basically what they're doing now but more forcefully....like trying to drag the price under $40, under $30 etc.
They "can" do it but the problem is that we'd be able to afford MORE AMC and then control a larger % of the float. People aren't selling when they drive the price down....that's the part of the equation they can't figure out. Logic says people sell when a stock tanks but people know they need the shares.....so we know the stock is as valuable as we want it to be.
Like boxing, if you swing wild and miss...you open yourself up to a big shot...especially if you're matched against a great counterpuncher.
Think this will go lower than 30?