CPDAggie10 said:

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Anyone else trying to buy some more yolo AMC shares pre-market on TDA? Been trying since 6am but cannot get my orders to fill on mobile TOS app. I must be doing something wrong.

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CrazyRichAggie said:

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Congratulations to all you AMC holders. For those of us that didn't join the party, here's how we feel.

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Theory: The hold is WORKING and the squeeze is starting. Let me connect the dots and why $5,000+ is not a meme.

This is my Michael Burry moment.

It all starts with Melvin Capital. Who had around $13bn in assets. From them reporting being down over 30% as of Fri 22-1 in the month overall we can deduce that at the time they had a $3.7bn loss. The stock price on the day before was $43.03.
When the price rallied to the $70s on Fri-21 they were *****ing their pants b/c they were now showing nearly a $6.5bn loss. They called up their buddies Citadel and Point72 and got $5bn in loans, convinced their brokerage they could get out of it (to not get liquidated) and started trying to illegally manipulate the market. It didn't work; you ******s and whales held. And kept buying.
As of EOD 1-26 the stock price closed at $150, then to $240 after market.
Melvin now has as a $13bn loss. This kills the Melvin.
These short positions are now parasitic f bombs that will literally consume anyone who is holding it when the dust clears.
Melvin's brokerages will be liquidating their assets ASAP less they get stuck with them. But here's the fun part... No one's selling b/c of you degenerates. But, alas, there's a solution. There are funds like Blackrock who specialize in security lending for a short position.

cover. a. short. position

In a typical securities lending transaction, an asset owner lends securities both stocks and bonds to a third party, often one who needs to cover .
Turns out, Blackguard owns 13.2% of GME 11,271,702 shares. And they just sold 2,054,367 shares to bail someone out for over $400mill. How do we know? Because of the SEC document filed today

And what happened at EOD today? Price exploded to $240 for a moment as these got bought. Lines up. This is the smoking gun to signal the action.
At conservative estimates there are at least 50,000,000 short positions yet to cover. Blackrock is their last life line and will only hold out for so long.

Once Blackrock goes it's a free for all. All the shorts who have yet to cover are f'd. Completely f'd.
At $200, 50,000,000 shares is $10bn. But $10bn is literally GME's market cap. To get rid of $10bn in GME shorts they'll be at least doubling the price/market cap, so by the second that $10bn loss is going to be grow, and grow. Doubling, tripling, quadrupling even.
This is their armageddon. That single $GME short position could completely wipe them out. That position is a wildfire in their portfolio that can only be extinguished with money.
$1,000? That's a f'ing joke. They will be scrambling to cover, constantly out bidding each other on orders.
This could be hitting over $5,000 or more
I am not f'ing kidding. The higher we hold, the higher it goes until the last one is standing with the -99.999999999999%.
And you wanna know the extra f'ing wild thing?
Meta.
Every Brad, Chad, and Susan at BIG HEDGE X Inc that shorted GME are awake.
They are reading this
They are scouring and scrutinizing every indicator, every sentiment, every post on WSB they can to decide on what to do. When they see this post?
.
.
... It's on.
.
.
When will it start?
Soon.
How long it will take?
Who knows.
How long it will last?
Who knows.
How long it will go?
Who knows.
.
Just set your limits accordingly (don't sell to early)
.
DISCLAIMER: This is not investment, legal, or financial advise. I am HIGH as ****right now. Seriously. Don't believe anything you read here, this is purely a work of fiction.

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FbgTxAg said:

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I'm waking up to a lot of red pre-market. I get kinda jittery when the bulls sleep in.

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