GME and AMC up BIG TIME TODAY - Roaring Kitty has returned to Twitter

[FranklinRoosevelt_FTW]

And the swings continue. Game stop now Down to about $44 after trading around $64 a few hours ago

 

[JohnDB]

And the swings continue. Game stop now Down to about $44 after trading around $64 a few hours ago

Big swings....it's now down to 41. Below the close of yesterday....kinda expected that. Those in long short positions have to short more plus there's been some profit taking.

After hours trading is highly manipulated....because it's not during trading hours. Some sort of loophole. So they make the price look up or down on 10 shares. Wait until market opens....or if you see huge numbers of shares traded. (Volume matters)
BUT....GameStop talked about issuing even more shares....so that could change things as well....if they can get them issued in time. Because shares are distributed through a brokerage like Morgan Stanley. Which would then allow them the needed shares to solve the immediate problem.

 

[JohnDB]

Where do you go for shares when EVERY institution is shorting the stock?
Retail investors....the same people you call "Dumb Money".
This is gonna hurt....and a cascade bank failure.

 

[JohnDB]

GME to issue even more stock....this will add about 3 billion to their coffers....including what they offered before. (Talk about a huge watering down of the stock!)

But....
The shares are getting snapped up rather quickly and its still not anywhere near enough to cover the 500+% of float. MorganStanley might come out OK....but that's it. (Friends in right places) but that still won't stop the squeeze.

Even Nancy Pelosi is playing the GME squeeze....that right there should tell you all you need to know.

However you can listen into the livestream with Keith Gill today here:

 

[JohnDB]

Look at the volume and candles together....

This tells you all you really need to know.

 

[FranklinRoosevelt_FTW]

436k people have been waiting to watch Keith Gill aka “roaring kitty” on his YouTube channel… it’s quite amazing because these people have been waiting in the queue for about 15 minutes as Gill was scheduled to do a YouTube video at noon eastern time.

 

[FranklinRoosevelt_FTW]

Just as I say it he is live

 

[JohnDB]

He's said nothing of substance today.
Wasn't going to.
Never intended to.

Because currently there's enough power players to ensure that they punish Keith Gill by the process of accusing him of wrongdoing instead of actually getting a conviction. UNLESS there is not even enough evidence to bring charges against him. (Which there is not)

However....considering that the amount of shares literally doubled today between the MASSIVE number of shares freshly shorted last night and GME's announcing today 75 million new shares to be issued on top of the previously issued 40 million late last month....of course the price was going to go down. But look at how high the down is....it's still up double from 3 months ago.

Meaning....Monday is gonna be interesting.

Even with the new shares issued you are still looking at 500+% of float. Nothing has changed....
Sure, Keith Gill lost 250 million dollars since close yesterday....but he is still up 150 million dollars.

 

[JohnDB]

 

[JohnDB]

I'm wondering about the limits and expense these hedge funds pay to borrow cash.

The cost of borrowing money is high right now. When it's 2-3% its dirt cheap and the expense is minimal versus returns.

But when it's 11%-15%....whoe nudder cridder. You literally can't afford to do things like leveraged buyouts...the expenses alone will eat up any profits.
The interest service on their bonds has to be extreme.

I think we are going to see some bank failures when all this shakes out and not just some hedge funds get sold off....

 

[San Souci]

3 years ago "Roaring Kitty" aka Keith Gill made a bundle on GME and AMC, driving up the price of the shares of both of them, and burning the short sellers. Roaring Kitty has been silent on Twitter (X) for 3 years but is back, and the shares of both companies are up big today.

GME and AMC --LSD gotta hold of me--POT and DMT-- PCP and K9P. Everyone get STONED!

 

[JohnDB]

Great writeup on the RoaringKitty livestream on Friday....if only the SEC would actually do something.

 

[JohnDB]

21st is coming....
It's a week away.

 

[CrazyTrader55]

View attachment 960580

21st is coming....
It's a week away.

Tick Tick Tick

 

[JohnDB]

Tick Tick Tick

This is one of those things where you look at the calendar and not the stock price....because on the 21st is when Gill is going to exercise those options. He will have access to cash somewhere and somehow even if he has to sell a few shares to get the cash.