Still think TITNC3: Return of the Iceberg was peak

https://www.rt.com/usa/513968-robinhood-gamestop-force-sale/

 

"enough"

My cost basis is $14 for most of it

 

Exactly my point from upthread. If the clearing houses loose liquidity there is NO ONE to bail them out. Somehow they have to find a way out of this situation but they have to do it legally. Talk about checkmate.

 

Quite amusing, as though folks playing around on Robinhood with GME, a 10-20 billion dollar jacked up capitalization, could blow up the entire market with a 50 trillion dollar total market capitalization.

 

The Fed/US Government. There really would be no other entity with the ability to come up with that kind of capital in a reasonable period of time. Hundreds of billions of dollars.

 

At this point, I'm not shocked

 

Exactly. I didn't type it because of CoC so I implied it heavily. But, since that cat is out of the bag, it would be the FED bailing them. After the market craters. Interesting shit is going to happen to stop that. But what?

 

Too small a view. The rest of the market has not ceased to exist. There are no doubt competitive firms out there that smell blood in the water amongst the short-heavy firms. If you watch trading volume, *something* out there has been eating institutional-sized share dumps and continuing to bid the price up. That ain't smoothbrains, that's whale money.

And it's 10-20 billion cap right now. There are too many variables to track, but if it continues parabolic into the thousands? 100-200 billion? What if it continues?

No one's arguing the market will cease to be worth anything, what they're saying is that this could potentially create a liquidity crisis that grinds the market to a halt. And then no one knows what the potential economic damage from that is because it has never truly happened before.

 

Try $25T plus.

 

Petition to change the thread title to something like "stonks thread" or should we just leave it like this for posterity?

 

Posterity?

It might be prophetic. lol

 

Not gonna happen. Not GME hitting 100 billion, not a big bump in the market over this. Too wild a view. The market will drop when people see its overvalued as a whole, but as long as investors gamble more than buy value the drop won’t be huge.
Do you guys really think that a lot of those on Reddit pushing up GME to “bust the short sellers” won’t be some of the first to cash out and make money on the rest of the guys they pushed into buying into this ponzu scheme? The ones who will end up losing when the “pushers” sell and the price tanks at some point?

 

get a load of this guy. tsk tsk

 

You’re welcome to talk to me directly. Let’s hear your view of where GME and the market as a whole is going. We can compare notes in a month or two, lol.

 

I'll call you from my new house lol

 

They literally stopped trading on these tickers today to prevent it from happening.

I think you are reaching extremely far to assume most of the people involved in this are looking at value *at all*. The ones aware of it (like myself) understand the trade is based entirely on contracts cornering big money in a short squeeze. It has nothing to do with value and investment, it's a complete speculation play.

The rest of retail not paying attention to value? They're people playing a videogame called "Robinhood" on their phone with $200 and fractional shares. They don't know what's going on and they don't care. They like memes. We all like memes.

I don't think you fully get it. Even if ALL the GME shares in existence sold today, that would not satisfy all buyers. The short options on this stock equate 120% OR MORE of all the shares that exist. Until that is resolved it is literally impossible for supply to exceed demand on this stock.

 

I don’t think anyone thinks GME stock is sustainable. It’s also not a Ponzi scheme. These squeezes happen. People are just feeling salty because everyday dumbasses are in on this one

 

That's exactly it. fair market value for GME is probably around $130. But hey, we saw a loophole and we're gonna milk it till the cow shrivels up into a black hole