There is no next GME. As our beloved autist Michael Burry said, GME is a unique situation and a perfect storm. You won't find something like this again. They are just trying to move your attention away from GME and scatter us. From the discussion threads and the posts on the frontpage, it seems that they're succeeding.
Just look at the AMC thread up on the frontpage at the moment. Half the comments are from new accounts with just a handful of karma. AMC is not the next GME. The 'days to cover' on AMC is less than a day. After an initial uptick it will just fizzle out and you'll be left bagholding.
If you're still unsure, here you can find a highly advanced AI algorithm showing the next meme stock. (credits /u/adagiolifen)
Edit: I think we even need to the mods to make a post and sticky it. The shilling is really becoming bad now
Buy whatever the fuck you want and whatever you like. All I'm saying is it's not the next GME.
First off, if you are long GME this is not a post to tell you to sell GME.
GME sequence of events (yes the game was rigged we retail traders got screwed):
GME is way over shorted > brokers allowed this > squeeze happens, hedge fund lose tons of money and face insolvency > Citadel gives $3 billion to Melvin Capital, despite the fact they are supposed to be a neutral market maker > price keeps surging > Melvin faces insolvency and will lose Citadel's investment, Citadel is no longer a neutral player > clearinghouses get leaned on by powerful suits to raise margin requirements on GME > brokers will have to make up the losses of the shorts they allowed to occur > they decide to save their own skin at the expense of their clients and rig the trade > instead of going to thousands per share as IBKR ceo admitted it would have, retail is robbed of billions in gains
Now on to the silver post
This is a very long post, so I apologize to the WSB apes who can barely read and will have to scroll a long way to get to the TLDR. Its also been impossible to post about silver lately on WSB (no posts approved, thanks to the mod who assisted this one), so I crammed about 3-4 posts worth into this one. Not sure when I'll be allowed to post again.
I've organized this post into 4 sections so feel free to skip around to the parts you are interested in.
Since my initial post on the potential for a silver short squeeze, I have been researching the topic to prepare a more detailed and substantiated update post. This is my latest attempt to post, and hopefully this one gets to stay up (silver censorship has been a thing here lately)
1. The potential for a short squeeze (573% of the 'float' is currently sold short)
The big thing to remember here is that if enough market participants who are long silver contracts in the futures market begin to demand delivery of their silver, there will absolutely be a meltup in the price because there simply isn't enough supply available.
**The next 3 trading days are critical, and there is war being waged. The shorts and COMEX are in a fight for their lives, and barely hanging on... keep reading on reddit ➡
Seriously, we dont give a fuck if Tim or Sally are different. We do not want responsibility for your poor life choices. No, we wont change our minds, no we are not selfish, we do not want kids. Get it through your heads.
Leave us the fuck alone and go find someone else to date.
Every single childfree person on earth
I think the large players are starting to realize they need to take the retards on reddit seriously. I think they're attempting to astroturf the investing subreddits by giving awards to tickers they have a vested interest in. And at this moment, that's anything that isn't GME. They know that once the prevailing enthusiasm subsides they'll have the opportunity to close.
Stay wary and stay vigilant my comrades. This is a war of attrition.
Positions: $8k in shares/calls GME 🚀🚀🚀
Edit: I'm in no way advocating for everyone to go all in on GME, or for this sub to become a one-ticker show. I'm only pointing out that some of the recent activity is highly sus and to be be wary of all posts – including this one. With that said, GME to the god damn moon 🚀🌕
Hello again Reddit! I enjoyed my last AMA with you all and I'm glad to be back again on a subject near and dear to me: short sellers.
About a decade and a half ago, my company came under short seller attack. We faced a highly-coordinated PR and legal campaign, and it almost brought the company down. What made no sense was that our company was thriving, on track for its best year yet and consistently crushing analyst expectations. We discovered in time that the shorts had worked the media, contacted regulators, colluded with someone in our company, and timed their trades just before bad news broke.
The damage was significant. More than a billion dollars in shareholder equity vanished, much of it into the pockets of the short sellers. These attacks can get personal, too. At one point, I faced death threats and moved in order to keep my family safe.
I know other executives who have equally brutal stories about short attacks. But we don't talk about them. Our lawyers urge us to settle; our comms people urge silence. No one wants to be on the wrong side of a short attack. But seeing what WSB did these past few weeks made me want to speak out.
This is a long overdue fight, and I'm happy to answer questions about what I went through and how we can fix the system so others don't have to go through it. There's actual reforms needed here, and some of them are common sense and simple. And of course, happy to talk about anything else on your minds—entrepreneurship, Arizona, Star Wars, or all of the above.
Update: Hey everyone, thanks for all the great questions. My kids want me to play with them before they have to go to bed, so I’m going to check out for now. But I really do appreciate doing these and all the input and questions! Thank you!
You might have noticed this weekend that the hedge funds tried to push silver (a great commodity btw) via their shills on the media (expect more this morning on CNBC).
Anyone who puts his money in SLV is literally giving money to Citadel as they are the 4th largest institutional holder (proof).This is just a pure DISTRACTION at this time aimed at diverting attention from GME.
The FUD (Fear Uncertainty Doubt) campaigns have started. They're trying to distribute lies to the public to reduce the hype and divert attention around GME.
So stay woke and keep your cool before we leave the solar system and the Milky Way 🚀🚀🚀🚀💎💎💎
(This is not financial advice. I'm not a financial advisor 🦍)
Full disclosure: I own Nano. Have been in it since 2017.
While Bitcoin, Dogecoin and ETH are getting all the hype right now, it is important to learn about other players in the market with potentially better tech.
NANO is a direct competitor to LTC and Bitcoin. Nano was created in order to be used in transactions and make them free and instantaneous.
There are multiple advantages to NANO when compared to other competitors:
Unlike many other cryptos, nano is fee-less. This is a major advantage to other crypto’s, especially since Bitcoin can get really expensive really fast. In 2017, a Bitcoin transaction could cost over $40 and take 2 hours to complete. This is a major drawback for small everyday transactions. It could be argued that Bitcoin is a store of value, and should not be used for small transactions but it does go against the original thesis of Satoshi.
Nano is essentially instantaneous and that is extremely important for small every day transactions. I recommend opening two nano wallets and sending money back and worth to truly appreciate the speed of the network.
I think this is a huge point that many people overlook. With the rise of Bitcoin, more and more power is dedicated to mining/processing transactions, and at a certain point the cost of doing so will be insane. With Nano, thousands of transactions can happen at the same time without the insane energy consumption that we are all used to seeing.
These are just a few advantages that new people should know about NANO. If the goal is to truly make a convenient crypto that lets people to freely transact, there is a strong argument for Nano technology. Additionally, the team is fairly experienced and has been around for over 4 years now. Good luck, and happy investing.
EDIT: A few people asked, but NANO is a fully built out network. It has been available for use since 2015 (called raiblocks), and has gone through multiple stress tests.
EDIT 2: There is a lot of healthy discussion going on, but also a few people think I am shilling for the coin. To be honest, I will be holding this crypto for a long time. I did not expect this post to take off, if I did, I would make it more detailed. Anyway, this is obviously just an opinion, and there can be disagreements on whether the technology makes sense or not.
As the title says, next week we have a unique chance for attention of the general public due to the congressional hearing.
If you have been silent until now, I urge you to break your silence!
I made a twitter account on Jan 28th because I would not let that treachery and manipulation go under the radar.
Please make accounts and tweet on Gamestop and GME. People need to know WE ARE STILL HERE!
Getting even 1% of general public to pay attention and realize the media manipulation will be a big win and might also get more buyers.
💎 ✋ 🦧 🦍 🚀 🌝
Edit: Here is my twitter https://twitter.com/GmeImmortan?s=09
I am going to tweet about GME ~every hour this week using some of the beautiful artwork of fellow apes to get attention!
Alright listen up, dipshits. I used to work in finance, but I only like self-aware retards, so I quit and now I'm here holding to zero or infinity right along with you. But we gotta talk about something.
Seeing a ton of posts across all the applicable subreddits like this now. The FUD has mutated from comments like "sell now you idiots, you're gonna lose it all", not knowing that we truly don't care if we lose it all. We've come this far, inflammatory comments aren't gonna work anymore. But they're getting smarter. Now they're trying to play on disappointment instead of fear. We're seeing things like "dammit, they're gonna get away with this", "the SEC won't do shit, fuck these guys", etc. They're using FUD that very may well be correct, but it's completely irrelevant. If there's anyone still on the fence, lemme spell it out clearly in hopes to ease the anxiety.
We. Do. Not. Need. The. SEC. We. Do. Not. Need. The. Government. Trust. The. DD.
There is a chance that we will not collect tendies. But in order for that to happen, one of those two would have to pull some truly unprecedented shit with the ENTIRE WORLD watching. I keep seeing comparisons to 2008, but this is an entirely different scenario. This is much worse. In 2008, the retail investor was not on the other end of those trades, at least not directly. Everything went down behind closed doors, and while it fucked us and the rest of the world by extension, the prevailing sentiment at the time was "what the fuck just happened?!". There had to be a post-mortem to figure out how deep the rabbit hole went, and how this group of supposedly professional investors had behaved so irresponsibly.
Now we ARE on the other end of that trade. We know exactly what is happening. The vast majority of people have read and understood the DD. This is not a situation that can be waved away as something the average person cannot comprehend. This is math. When you see DD explaining how they CAN'T do this without overt and egregious fraud or help from the SEC/Gov, they are not lying. They can kick the can down the road, they can collude, they can beg for help. But as another poster said in response to a FUD post:
All. Shorts. Must. Cover.
This is a hard and fast rule, one of the ones very difficult to cloud with disinformation or FUD, compared to the complexity of 2008, especially considering we didn't have access to nearly the amount of information we do now. And everyone has a front row seat to what happens next.... keep reading on reddit ➡
I feel really proud of myself and wanted to share with women who would get it.
I practice both muy Thai and jiu jitsu - neither of which I’ve done in a year due to the pandemic.
This week, the local rules on outdoor fitness changed and my apartment complex set up some fitness equipment outside. I live in Southern California, so the weather is great.
They put up a punching bag in one area and I was so damn excited! I’ve always done intense sports and have struggled over the last year - not able to get to that intensity inside an apartment.
So, I’m outside, working on my combos on the bag. Having a great time. Just, grinding and happy - in that sweet serotonin release when you are moving your body in a way that you love.
My experience has been that - no matter where I am - if I’m practicing my striking in public, it’s a 100% guarantee that a guy will approach me and attempt to correct my form.
I’ve always struggled when it comes to shutting down men clearly, calmly, and without panic. I either over-respond: harsh and panicking and scared. Or, I’m too nice and end up engaged in a conversation I don’t want to be in- dying inside trying to politely leave the convo. Both leave me feeling upset and annoyed at myself for how I handled it.
Yesterday, I saw a guy walking up to me out of the corner of my eye. He stopped, started saying something, and started to mimic a form correction (incorrectly). I just stayed in my fight stance, looked him directly in the eye, kept my headphones in, and said “I’m good.” Then went back to exactly what I was doing!
He walked away without any other incident. “Oh, you good, then...” Probably embarrassed, but I don’t care.
That may not seem like a huge deal, but it was to me and I couldn’t have done it without Reddit!
From being on here, I’ve learned that men aren’t entitled to my time or my response. Just because they want to interrupt me, doesn’t mean I have to let them. I can just tell them “no” and move the fuck on.
What I find so fascinating about it all is that I’ve done hundreds of public fitness activities in my life - running, biking, yoga, pull-ups, bar work, etc. All of that has attracted attention, but it’s only when I’m working on striking that men stop to correct my form.
It’s like, they feel threatened to see a woman capable of fighting and need to reassert their dominance by putting me back into my place by letting me know they know more.
But, first of all, no one invited you to this party.... keep reading on reddit ➡
Edit 1: I cancelled my margin on my Fidelity account as fidelity was not journaling my GME to the type cash after calling them for 2 weeks. This way now they are all transferred to my safe cash account not being lent to hedgefucks!
Title: I absolutely love watching amazing throws by QB's and maybe there's some that have been lost to history. So let's see them