Bo Ceephus

5y

August 24th is when the DTCC implements rules to end naked shorting.

September 1st are when margin calls are expected.

SEC is closing in and currently admitting to looking at the situation.

September is looking likely at this point. No point in saying anything else but we'll see

Bo Ceephus

5y

August 24th is when the DTCC implements rules to end naked shorting.

September 1st are when margin calls are expected.

SEC is closing in and currently admitting to looking at the situation.

September is looking likely at this point. No point in saying anything else but we'll see

dumbo

5y

you think i should buy a couple more shares as im on a tight budget rn?

Tyler1999

5y

Hope you're doing well Bo

Bo Ceephus

5y

Thank you for asking. So far I'm okay. We'll have to see what the next few weeks brings. I hope you're doing good as well

mctate

5y

mad i didnt buy more when it touched the 20s

im jjust scared to have more than a couple racks in this lol

Tyler1999

5y

I dropped out of GME a few weeks ago, didn't see the point to just watch myself lose profits. Still hoping it works out for those men in the game though 🤝

Bo Ceephus

5y

I don't think you should ever put yourself in a situation where you can't pay for food or bills. You still got awhile to save up.

All I ask everyone is to buy 1 or 2 shares if you have spare money. If you don't, I dont think you have anything to worry about until September man. But again. If you're in a tight spot. Help yourself first.

dumbo

5y

nah tight budget is extra investing money i have

Bo Ceephus

5y

August 24th is when the DTCC implements rules to end naked shorting.

September 1st are when margin calls are expected.

SEC is closing in and currently admitting to looking at the situation.

September is looking likely at this point. No point in saying anything else but we'll see

Jim Halpert

5y

You serious about the naked shorting stuff?? There are millions of synthetic shares that are fake

If they actually enforce this stuff we will be millionaires

Bo Ceephus

5y

I mean yeah that's what the rule is. But I have no idea if it will be enforced or if they'll somehow find a way around it.

What I guess we would need would be dark pool suspension to really force it into gear. But August 24th is when the no nakedshorting and ftd's rule goes into effect

dumbo

5y

what do you think abt the floor numbers the amc community are talking about
and what is ur realistic price guess

Bo Ceephus

5y

I'm a believer of the theory it can really reach any price if people hold and no govt or sec intervention is in play.

They can't force people to sell and they will have to cover every single position. If no outside intervention is involved it literally can go as high as possible. We have the supply and they will be legally obligated to oblige. There is a reason why if you never close your short position your potential losses are actually infinite.

Realistically I see alot of people selling at the 10k, 50k, 100k marks.

I'm still gonna be holding passed that though.

dumbo

5y

tbh i dont think it will ever go past 10k but i hope i will be wrong ofc. i just think that greed will take over a lot of people and they will sell

Bo Ceephus

5y

Maybe. The fact that they have to cover millions more naked shares has me extremely confident it will rocket past any benchmark that we've set. I mean how high do you think the price will go when people are holding to become millionaires. Over 80% invested are retail traders. They are near cultlike right now with this 500k mantra. Some have grudges, some are holding for their families, their health, so they never have to deal with this s*** again.

Trading is far more psychology than people would say at first glance. But if they haven't sold after this long, I don't see them giving it all up at 10k. Just my opinion. People are f***ing livid and they should be. I think a good majority are gonna make these hedgies bleed. And if they have to cover. They have to match my price. Not theirs.

dumbo

5y

i hope so

Bo Ceephus

5y

Maybe. The fact that they have to cover millions more naked shares has me extremely confident it will rocket past any benchmark that we've set. I mean how high do you think the price will go when people are holding to become millionaires. Over 80% invested are retail traders. They are near cultlike right now with this 500k mantra. Some have grudges, some are holding for their families, their health, so they never have to deal with this s*** again.

Trading is far more psychology than people would say at first glance. But if they haven't sold after this long, I don't see them giving it all up at 10k. Just my opinion. People are f***ing livid and they should be. I think a good majority are gonna make these hedgies bleed. And if they have to cover. They have to match my price. Not theirs.

imShy

5y

· edited

I admire your optimism but it’s really silly to think it would even be “allowed” for AMC to get that high

it’s realistic they think I’m our current market that a meme could squeeze a couple hundred but thousands upon thousands is crazy.

it’s what WSB says with gmc, palantir, AMC, bb, etc. I’i mean when they say “10K is definitely possible”. They said game was going to hit the thousands and it never did. even if it is possible they likelihood of it happening, undeterred by policy makers and market movers is close close to nil

btw I’m invested in AMC

mctate

5y

mad i didnt buy more when it touched the 20s

im jjust scared to have more than a couple racks in this lol

Bo Ceephus

5y

Maybe. The fact that they have to cover millions more naked shares has me extremely confident it will rocket past any benchmark that we've set. I mean how high do you think the price will go when people are holding to become millionaires. Over 80% invested are retail traders. They are near cultlike right now with this 500k mantra. Some have grudges, some are holding for their families, their health, so they never have to deal with this s*** again.

Trading is far more psychology than people would say at first glance. But if they haven't sold after this long, I don't see them giving it all up at 10k. Just my opinion. People are f***ing livid and they should be. I think a good majority are gonna make these hedgies bleed. And if they have to cover. They have to match my price. Not theirs.

mctate

5y

hard part is when it gets to 100-1k and 80-90% of the people sell