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This is being posted repeatedly in social media. Something abouut short sellers will be forced to buy stocks at $1000/share which is insane cuz AMC is only worth around $10.
there is a liquidity issue in brokers and clearing houses which caused the blocking of buying gme, amc etc today. they will resume trading in the morning as they're getting additional lines of credit
when your moronic ~140% short position gets exposed, a wallstreet darling joins the company's board and a social media exodus forms against you by retail, other hedgies smell blood and jump on the other side of the trade - this is what we are witnessing on gme
last week all call options were ITM, forcing market makers to purchase shares. the same type of gamma squeeze can occur again if more call options are ITM by closing tomorrow. the market makers are basically forced to bid up on limited gme shares - hence why you are reading on wsb not to sell shares and to hold
the media is acting like a group redditors/forums have the capital to move a stock like this lol - theres obviously big players involved on the long side of gme
i wouldnt be surprised if it goes to $1000 or beyond - obviously just speculation
Last edited by awaken470; 01-28-2021 at 09:47 PM..
If you risked the price if a nice dinner last Friday at open and held - you walked out of the restaurant with 100k
If you view it as gambling and you are okay with losing all of it than sure, just don’t think this is a done deal, sound investment that can’t possibly go down.
If you view it as gambling and you are okay with losing all of it than sure, just don’t think this is a done deal, sound investment that can’t possibly go down.
Oh - absolutely 100 percent. I still don’t think the masses and definitely not the supposed experts understand at its most simple form what wallstreetBETS is.
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