Robinhood(and others) block GME, BB, NOK, and AMC

I made over 2k on gnus, I lost almost 3k on xpsa. xspa should not of lost as much as I did. I think we are just now seeing how much they are manipulating the markets.

 

https://www.reddit.com/r/wallstreet..._level_addition_and_subtraction_to_model_gme/

Tl;dr hold harder than ever and this analysis is likely wrong. Edit:

There are 51M shares in the public float, and a 120% short interest on it. 61M shares have been borrowed then lent out and sold, so two people are holding them as long positions. That stretches the number of shares owned in $GME to 112M shares total, since I’m excluding what insiders own already because they can’t sell on short notice, which is just under 19M.

You can view their top holders here https://news.gamestop.com/stock-information/institutional-ownership and the ownership by people who own >5% of shares comes out to about 47M shares and just over 65% of total shares.

SEC rule 144 states that insiders and shareholders who own at least 5 percent of outstanding shares have to file a report three months before their sale if the value is >$50,000 https://finance.zacks.com/sell-restricted-stock-11109.html

So when the short squeeze happens and every short position must be closed, 61M shares have to be bought and returned to the lender.

The real number of shares owned by people who are able to sell on short notice is 112M - 47M = 65M shares.

So 61M of those 65M shares HAVE TO BE BOUGHT once the short squeeze happens. That’s absurd. 94% of people will sell to covering shorts. So we control the price. Doing the same math on another darling of this squeeze, AMC, is only 56% because of their 79% short interest and grand total of 0 holders of over 5%. I’m not buying in to that shit.

Here’s some more math:

If the $GME shorts they cover at an average to 10k per share, that’s another $610 Billion dollar loss. Once the infinity squeeze happens, then they would have no choice other than cover at 10k per share, forcing them to liquidate their other positions, so I’ll also be going in on some month-out SPY puts tomorrow, depending on open price.

I’m also not worried about new shorts coming in during the infinity squeeze, because the broker would know better than to expose themselves to this risk even though hedge funds evidently do not, so the margin requirements they’d give their clients would be astronomical, considering they’ve already hit something like 200% to 300% on short positions allegedly.

Let’s risk it for the biscuit. 10k is no meme. It’s possible because we just need 4m shares worth of the baddest motherfuckers, the most autistic retards, to diamond hand the shit out of this. Let’s make some new millionaires at the expense of a billionaire.

I’m also retarded and probably got the SEC rule wrong, but that doesn’t matter because you didn’t read it. DMs open for analyst positions btw.

 

You're right, I didn't read it, because they don't follow the rules anyways. They have been doing naked shorts, which means they are selling shares they don't even have access to. That's supposed to be illegal. But only we have to follow the rules, and they'll change those rules when we start winning.

 

Cant change the rules when when the whole world is watching.

 

Sure they can. All they need to do is paint you as the terrorists trying to destroy the livelihoods of those poor unfortunate billionaires. The "news" will just glance over the fact that they made their billions by trying to bankrupt employers.

 

They have been trying for 4 days to paint us as the bad people and that hedge funds are the heros.
https://www.forbes.com/sites/johnta...ype-short-sellers-are-heroes/?sh=69a8b06473cf

 

are you guys joining the SLV squeeze

 

Negative, no distractions.

 

Exactly my point. You're not going to hear about how they are intentionally trying to bankrupt employers during a pandemic and profit off it. The media has become click bait fear merchants at best, and elitist billionaire propaganda outlets at worst.

 

No after the game stop stuff, sounds like the next move...

 

Shorting silver doesn't make sense to me. Rare metals almost always go up in value. That's why the rich almost always have some stored away.

 

After the gamestop im taking a break... I got more grey hair in the past week than my kids have given me in 8 years.

Going up north to spend a week sleeping in a trailer on farm and ice fishing all day drinking cheap beer.

 

They are shorting silver just like game stop but have been doing it for like 20 years and it's shorted at lease 250 to 1, been waiting for this for years. Try to get in under $40 and should be very little down side risk just how much upside to make...

 

You short stocks because you expect them to go bankrupt and become worthless. Silver will not become worthless until the apocalypse, or alchemy/science finds a way to make it cheaply like aluminum.

 

Maybe it’ll be time to unload some of what I accumulated over the years

 

correct that's why everyone is going long to bust the ridiculous shorts / and stick it to the man...

 

Test my shop to see if they give me spot tomorrow

 

The Reddit group is still “all in” on GME it sounds like. My question is; how can they continue to drive the price up if fidelity, RH, etc are not allowing us to buy GME and only sell?

I’m new to all this but do have some cash to blow.
Thanks!

 

We already own more shares than the short sellers. If they want to be able to close out the shorts that means we need to sell. If we dont sell the price just keeps going up. Also many places dont have a limit on how many you can buy.