The reason why stock plumbed, why I think is going to go up so much and more find below: After some stocks weren't able to buy from retail traders, AMC,GME dropped. The reason is that the fund sold their shares to other funds, which made the stock algorithm think the stock is being sold —> price goes down —> the found that bought sells those shares again to the fund that sold them in the first place —> price drops even more —> they keep doing that —> price drops lower every time —> but as long as the retailers hold them buys they weren’t able to exit any positions!!! Shorts are still up 120% percent. As long as we hold the squeeze is inevitable!! And if you don’t believe me, look at the GME after hour stock price!Furthermore don’t sell at 1000$ tomorrow or next week!!! It can be way fucking higher! I‘m talking about numbers around 10/20k per share! Compared to the VW squeeze in 2008 GME would need to be valued at 34000$ per share!!!
First, we need to understand what is "Days to Cover" or "Short Ratio" .Official definition (Days to cover, also called short ratio, measures the expected number of days to close out a company's issued shares that have been shorted. Days to cover is calculated by taking the number of currently shorted shares and dividing that amount by the average daily trading volume for the company in question). A high 'days to cover' ratio can often signal a potential short squeeze.Imagine you're Melvin Capital and you have 1 million shorts up. How long will it take to get all those shorts out of your portfolio? If the volume of short removing is 1 per day, then it'll take 1 million days to remove 1 million short from your hands. If it's 50,000 shorts a day, then it's 20 days. Same thing with covering short positions. How long will it take Melvin Capital and other shorters to cover their short positions? You take alllll the shorted shares, divided by the average volume of share movement per day, and you get something called "Days to Cover" Now you know what day's to cover means, you can check many websites to see what is the days to cover for GME. So you can see, even if Melvin Capital wants to cover their shorts, it's gonna take them DAYS, and right now it's gonna take them an entire trading week to cover their position.So what does that mean for us? Well, we're just waiting for the day when Melvin Capital starts covering their position. When is that day? VERY VERY VERY SOON. They're are bleeding out with the insane interest rate they're paying for their position, and a lot of puts are expiring on Friday, plus a lot of ITM (in the money) calls expire Friday and can be exercised to get shares. Friday might be the day where Melvin Capital have no choice BUT to start covering. Now, IF this happens, then it's not gonna take Melvin Capital 1 hour to cover all their shorts, but DAYS. Meaning if Melvin capital starts covering FRIDAY, it will take them at LEAST 5 DAYS to fully cover, which means ALL of next week, the price will keep increasing and increasing! So realistically I'd say Wednesday or Thursday next week might be peak sell time, IF the covering starts Friday. No need to panic sell. No need to worry about a top that lasts for minutes. It will LAST FOR DAYS!!!!!Now, CNBC and all of the MM's and corrupt media will fool you into thinking Melvin Capital has already covered their positions... Don't be fooled.
I'll take 34000$, sure... when they file for bankruptcy. Apes together strong. 💎🤚
mojtaba473
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Bought 53 shares @$350 each and holding! Not selling until i make millions or they go bankrupt. They stole soooo much money when Robinhood closed the possibility to buy shares and forcefully sold everyones GME shares! If the current lawsuits are successful I hope Citadel and Robinhood Get fines in the billions and some of them ending up in jail. They robbed hundreds of thousands of people!!!!!!!
Arnau_fx
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@mojtaba473, I know bro, the story behind it is a bit frustrating. Hold them!
MarcR2
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@mojtaba473, Robinhood have nothing to do with it lmao there are hundreds of brokers, the problem is that it was a clear bubble, the raise was based on nothing it was the momentum impulse a lot of people buying at the same time just because a lot of people is buying at the same time but backed by nothing and since the company now was extremely overvalued and people took their profit the price came back down and it is not very likely to come back up, it is like the first raising wave of Bitcoin.. Or like the tulip bubble..