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OfflineTripsurfer
Bring Back Asante!
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: extreme]
    #27247588 - 03/11/21 03:53 AM (2 years, 10 months ago)

I think you have the gist of it. Hard to give precise answer though

I sure as hell cant as it appears the big players can bend the rules of the game


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Ach en wee ben ik de klos, met mijn boog schoot ik een albatros...

A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.



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Onlinelifeiswhatyoumake
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Re: Wall Street Bets (WSB) Short Squeeze (censored) [Re: extreme]
    #27247839 - 03/11/21 08:46 AM (2 years, 10 months ago)

@Extreme,

I believe you explained the situation correctly.  I only first-ever got involved with stocks during end of this past January due to the GME hype, so I'm far from a stock expert, FYI.  It seems that the hedgefunds who shorted GME 140% do have the capability to keep paying fees (postponing the squeeze, basically) to the SEC or whoever to allow the date they have to pay the shorted shares back by to be moved back... this could last forever, I don't see why it can't because from what I've gathered the SEC is a shady organization and they might have reason to not allow the squeeze to be squoze... so, I think they won't allow the big squeeze to happen that would inevitably happen if we had a stock system that actually obeyed the laws.

However, some Congress-people know of all of this and they might do something that forces the SEC to obey the law and force the hedgefunds to pay up their 140% shorts.  Who knows?

It might be too late to join the GME bandwagon, it might not be.  I think it's a really fun opportunity that won't come again for a whole lifetime.  There's a chance for big money.

My advice is: only put money in stocks that you can afford to lose.


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:rave::rave::rave: I dropped a trance track "Peace Love & Trance": https://www.youtube.com/watch?v=M4uQBM-mRYU ; :raver2::raver2::raver2::raveface:


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