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rw.sutton

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Everything posted by rw.sutton

  1. Computers have know emotion. "I couldnt of said that any better"!
  2. Just felt I wanted to share this, FWIW! After 34 years of being a successful builder, and losing it all in 06-07, I mean ALL, thank god I had a strong wife, and Son with Special Needs, that stood by me through thick and thin. When they Repo'd her SL 550, she just smiled, and said dont worry about it, it was just a car! Losing our home, we still have furniture in storage after all these years in Nashville. YEP, been a tuff road, but I can honestly say, Today! I feel the best I have ever felt, Joyce, Zach and I have laughed, more than we ever had. I have been seeking direction on what to do, after our Blessings hit. This morning, as we were sitting outside having coffee, it came, crystal clear, to me, at 65 years old, I will put my skills back to work, building small residential houses, for families in need! already found lots, around the Englewood, Placida area, where other builders lost them in 06-07, bank is now trying to dump them for 5 to 7k,,,Exciting friends, Exciting! Always remember without a vision, people perish! Love ya, DV family! We got this!
  3. Im more confident than ever! All boils down to this! The actual short squeeze is still 2 - 4 weeks away. IMO, If we smash past the all time high of $77 the hedge funds will be absolutely, be kicked, right where it hurts! and we will see a short squeeze. LET ME CLARIFY WE CAN SEE A SHORT SQUEEZE IN THE HIGH $50'S LOW $60's but it just means that we have to hold for longer. $70's is basically the point of no return for the hedge funds especially if we break past the all-time high of $77. Way to hang in there You, bunch of Apes and Appettes, Not only for AMC, I think Im seeing a little light about our currencies, Lord Let it Be!
  4. with ya brother, I would rather let it hit, and give them a little, hand up, than to listen to them.
  5. Letting you all know, the 10 I was trying to buy, I think on Friday, was after hours, we live in Florida Eastern Time, missed it by about 15 minutes, SO,,,,,,,,,,,,,,,,,Instead of 10 @ I think 51, I, added 15 more, for, 50! Hang in there guys and gals, they got to cover sometime, my prediction it should be an interesting week! And now for a dinar Prediction,,,"Ships at Sea"!
  6. Good Morning, we live in Venice, Fl, about 20 miles from Sarasota, know the area well. Its real all right, Traffic on I75, took hours to clear, local news reporting, huge crowd, amazing you dont hear anything from the MSM! there days a coming!
  7. Thought I would put this here, I just know some will have a silly smile! This crowd stood in a 2 to 3 hour rain monsoon, hot, humid Temps! They know as I do, Trump is our duly elected President! Happy Fourth, Everyone!
  8. I already had 50 shares of AMC plus 5 others, just kind of threw me off, when they cancelled the 10. Ill call them on Tuesday!
  9. Been using 3 different trading platforms, the 10 I purchased yesterday was on WeBull, just got a notification that they had cancelled my order for the 10, Has anyone else experienced this? Had to transfer money to them, but they gave me instant buying power, of course they are closed till, next week. Thanks
  10. Just bought 10 at 49.37
  11. *NOT Financial ADVICE **but a good read For all of the new baby apes. I know a lot of you have questions, and I thought it would be helpful to provide you with some overall context to understand the significance of the movement you just joined. Here’s the cliff note version. Covid hit last March and a couple of big hedge funds concocted a plan to drive AMC into bankruptcy by “shorting” it and make a ton of money in the process. You “short” a company when you think the value of the stock is going to go down. When the country locked down and AMC closed their doors and their revenue literally went to $0 overnight, it was a no brainer play for the hedge funds. So they started borrowing millions and millions of shares from brokers and sold them “short” at the market price at the time, and they pocketed the cash from the sale. The idea is that the stock price will drop, you can buy them back later at a lower price, and then return the borrowed shares to the broker and keep the difference. If the company goes bankrupt, the stock goes to $0 and they don’t have to buy anything back at all and keep everything. This is what they were banking on. They’ve done this to company after company over the years, and they saw this as a sure thing as any. Well a bunch of people on Reddit (affectionately known as “Apes”) noticed they were trying to drive AMC, GameStop and many other retail and mortar stores into bankruptcy, and banded together to buy up all the available shares, driving up the share price. This resulted in the mini squeeze in January. But Apes didnt sell after that. And the hedge funds didn’t cover their short positions either (I.e. buy back the millions of shares they had borrowed and sold short). The Apes kept buying and buying, and holding and holding, and once the real shares were all bought up, the hedge funds doubled, tripled and quadrupled down on their short position and started making synthetic shares (IOUs) and selling those shares into the market trying to drive the price down. When the price dropped, instead of selling like the hedge funds wanted them to, Apes said “thank you very much for the discount” and kept buying more and holding. Nobody has sold for the past 5 months since the movement really got started in January, and more and more people are jumping in and adding more everyday. Now because of all of the synthetic IOU shares the hedge funds have created to keep shorting AMC, us Apes likely own more way more shares than are actually supposed to exist (as much as 6x-8x by some estimates). But real or synthetic, each share the hedge funds sold short is a liability on their books that must be bought back in order to close out their position. They literally have hundreds of millions of shares, possibly billions, to buy back, and we own them all. They have to buy them back eventually, and every day that the borrowed short shares are still on loan, the hedge funds are paying interest to the brokers they borrowed them from. Meanwhile it costs us nothing to hold. Things started to come to a head a couple weeks ago because the interest rate on the borrowed shares was reported to be as high as 250% (1-2% is normal for your average stock), so the hedge funds are collectively paying hundreds of millions of dollars every day just to hold their position, and a lot of them are starting to miss the payments and margin calls could be coming very soon. That’s when the fun starts. At that point, the broker forces them to buy back all of the hundreds of millions of shares they have borrowed and sold short, because the broker doesn’t want the hedge funds’ recklessness to fall onto them. And remember, the Apes own all the shares and aren’t selling. The hedge funds can only buy a share for what an Ape is willing to sell it for, and us Apes really love our shares. Once the margin calls start, the computers just start buying back all of the shares at the best available price no matter what that price may be. They all have to be bought back. Everything must be settled. And if the cheapest price an ape is willing to sell for is 1,000, or 10,000 or 100,000, well then that’s what the hedge funds will be forced to buy the borrowed shares back for in order to close out their position. Apes are going to hold and hold and hold driving up the price further and further to make the hedge funds bleed as much as possible until they are inevitably forced to buy back their millions of shares. They will need to buy our shares, and we set the price. And remember, it costs us nothing to hold. This movement has been building for the past 5 months, but you just heard about it yesterday. One thing Apes don’t do is set dates for the squeeze. Nobody knows when it will happen, all we know for sure is that the math says it’s inevitable as long as we hold. I only see three possibilities as to how this all plays out: 1. AMC goes bankrupt and the hedgies win (please note this is not going to happen. AMC has enough liquidity to last them through 2022 and the most passionate shareholder base in the universe. Not to mention a pretty badass CEO who has completely embraced the new shareholder base) 2. Hedge funds are somehow able to meet their daily margin payments to avoid being margin called, and they strategically close out their short positions over time, causing a sustained Tesla type squeeze over a period of a year or more (remember, apes aren’t selling until we’re at the moon) 3. Hedge funds will be margin called and forced to buy everything all at once and we’ll have the most violent squeeze in the history of short squeezes. The price is infinite as long as apes hold.I wouldn’t bet on #1, #2 will require patience, and #3 will be absolute insanity (and in my personal non-financial advisor opinion is the most likely outcome). Either way, we’re winning the battle. This beautiful movement is growing by the day, and we can hold longer than they can. Never before has anything like this happened where millions of regular people have been able to band together to take on the billionaires who have been screwing them over time and time again , and be able to actually hit them where it really hurts
  12. Well I be damn it started raining, never know about this Florida weather!
  13. Sarasota Fl, in a few days, no demolition derbies there, now it is close to the Ringlin Brothers Museum, Lets check this crowd out, temps been about 95 and humid as hell, local news reported, folk are already arriving, Enjoy Shabs!
  14. Tim Corbin & the Vandy baseball team saluting the flag during the National Anthem.
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