Gamestop to the moon is alive and thriving and this Redditor explains why there will be a squeeze in $GME. How many shares are you holding? Let me know in the comment section below. And yes, Diamond Hands all the way.
Everything written in this post is not financial advice and based only on opinion. Do your own research before investing.
What is a short squeeze?
A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock’s price. – Source
A) GME has been on the NYSE Threshold Securities List for over 35 days. The streak of FTD (Failure to deliver) of shares continues. Where are the shares?
- https://www.reddit.com/r/wallstreetbets/comments/la8ox3/at_these_levels_its_not_about_the_price_of_the/ via /u/peteskies
- https://www.reddit.com/r/wallstreetbets/comments/lac6gk/sec_data_out_they_dont_have_shares_to_settle_so/ via /u/tendy_capital
B) The last 3 trading days have had abnormally low volume. It’s not coincidental that when the sentiment for $GME is at its all time high and price mooning, trading is/was being suppressed. Last week was an obvious attack on retail investors’ ability to purchase shares and gatekeeping from upward momentum. An obvious tell that they would and did incur massive losses.
- Sentiment: https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
- https://www.reddit.com/r/wallstreetbets/comments/laa0q9/this_is_what_holding_the_line_looks_like_look_at/ via /u/burninmedia
C) Since then we’ve seen Short Ladder attacks every day to force stop losses and paper hands in order to cover as much as they can. We saw on full display the perversion of MM’s/HF’s trying to fuck the average joe for their negligent behavior. We’ve recovered every time. This is an orchestrated attack. This could have ended long ago if they just covered.
- https://www.reddit.com/r/wallstreetbets/comments/la5upr/dont_panic_and_just_look_at_the_fucking_volume/ /u/helmu
D) Brokers no longer have shares to borrow for a short sale.
E) Speculation that the shorts have been trading counterfeit shares, this isn’t a unique situation and I wouldn’t be surprised if this is happening. They could be trying to cover their tracks of this as well as prevent catastrophic losses.
- https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/ /u/johnnydaggers
- further reading: http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html
F) The losses incurred should strengthen your convictions about the thesis of $GME. Melvin needed to be bailed out, RH CEO lied publicly about liquidity and required a bailout today. I’m sure more will also be taking further losses in the days/weeks ahead. HOLD STRONG, they are trying to bait you through volatility, disinformation and attrition/fatigue. We are gamers HOLD STRONG, consider this a time-gated mission before getting your legendary weapon.
G) The aggressive and blatant ramp-up of disinformation through media is immensely revealing. The billionaires are scared and getting their stooges to throw all the FUD at the wall to see what sticks, to ensure we don’t hit the “grand slam” as Cramer put it. They are shilling silver (perfect example), stating arrogantly that Reddit is in on silver while out of GameStop,or both (the swaggystocks sentiment tracker shows the complete opposite), and finally of course saying last week that the shorts are covering. Today’s media was downright egregiously incorrect.
- https://i.redd.it/hqyf4qyxhwe61.jpg /u/giov1234
- https://i.redd.it/fj495vh52we61.jpg /u/spylord5
- https://i.redd.it/wuapmjpvcve61.png /u/ItsLotsofLead
H) A large amount of January 29, 2020 calls (strike 115-325) finished itm. These shares will require fulfillment by tomorrow. This is a huge amount of obligated buying pressure.
I) Bloomberg terminal still showing over 120% SI. However, there will be a clearer update of the short interest in the coming few days. I want to say the date is Feb. 9, 2020. IMO shorts have not covered.
- https://www.reddit.com/r/wallstreetbets/comments/laadzm/heres_the_full_image_from_bloomberg_terminal/ via /u/aBetterNation
J) FINALLY, THERE IS ONLY ONE GME. NOTHING ELSE REPLICATES THE CONDITIONS. I LIKE THE STOCK AND RYAN COHEN. FUNDAMENTALLY I BELIEVE GME WILL REPLICATE CHEWY. ALWAYS HAVE A TARGET BUT I’M HOLDING. THIS IS A WAR, WE CAN REMAIN RETARDED THAN THEY CAN REMAIN SOLVENT BUT THAT STILL MEANS IT TAKES TIME. DONT BE PAPER HANDED AND STAY RESOLUTE.
I believe that these 10 factors are converging and I’m holding.
Disclosure: Been in since $<20 and have 2023 LEAPS.
Thanks for supporting The Finance Starter and I will be doing more post like this to have others voice be heard instead of just listening to the media.
Redditor Explains Why GME Will Squeeze