I have to start his post that I am retarded and that this is not financial advice, you all here do your own research and make your own decisions, all I know is that I LIKE THE STOCK!
💎🙌🚀🚀**TLDR at the bottom.**🚀🚀💎🙌
I do not think that you all here realize that we have essentially won yesterday at 9:58 AM and that we almost crashed the entire thing. There was a post here describing a “30 Seconds From Triggering Market Nuclear Bomb”
In this post, they described and expressed their outrage with the Interactive Brokers Chairman interview.
THEY ARE CORRECT!
There was ANOTHER interview with Anthony Denier, CEO of Webull that I did not see that received as much attention here.
In this interview, it is a bit longer ( must watch imo).
It explains some of the ambiguity with the previous interviews with Vlad from Robinhood and what happened in general.
It confirms that:
THEY HAD A LIQUIDITY PROBLEM
THE SHORTS ARE STARTING TO GO BUST
THE BROKERS ARE ON THE HOOK TO GET SHARES THAT THEIR CLIENTS CANT GET
THE BROKERS THEMSELVES CANNOT COVER THESE POSITIONS PROPERLY
THE CLEARING HOUSE ALSO CANNOT COVER AND ARE GETTING LOANS FROM THE BANKS DUE TO THE CAPITAL REQUIREMENTS.
Essentially, we liked the stock so much 🚀🚀🚀 that the shorties (all my homies hate melvin capital and shitron) blew up so fast that the BROKERS could not properly margin call them in time. THEY COULD NOT LIQUIDATE THEM IN TIME TO GET THEM TO COVER THEIR POSITIONS IN TIME.
Now, the brokers are on the hook to go get the shares for you if their clients cannot. THIS is why there is a margin call and margin maintenance to avoid this from happening. But we BLEW past all of this so fast that they are now on the hook since their clients the 🌈🐻 now cannot get the share that they legally need to provide you.
Since these brokers are large, they usually have the capital to cover these losses and get the shares themselves. As Thomas Peterffy flexes that he has billions to cover. When I heard it first has made me raise my eyebrows since why would he flex this number and then highlight the 15billion losses. Then it hit me… THEY CANNOT COVER THESE POSITIONS. These brokers are starting to not be able to clear these transactions so their clearing house does it for them.
The clearing house in short makes sure that when you sell your share you get your money in your account. They usually have about 1-2% of capital requirements for the stock that is being traded to make sure that they can settle the transaction. HOWEVER, for GME it is raised to a 100%.
THE CLEARING HOUSE CANNOT SETTLE THESE TRANSACTIONS!
Once Robinhood’s clearinghouse went down the transactions started getting routed through Webull’s clearing house ( I belive it is Apex that they use). They almost IMMEDIATELY had to put a halt on it because they could not settle the transactions.
THEY STARTED TAKING LOANS FROM BANKS TO KEEP THEMSELVES FROM HALTING THE ENTIRE STOCK MARKET.
THE ENTIRE STOCK MARKET WAS ABOUT TO COLLAPSE BECAUSE THEY WERE ABOUT TO NOT BE ABLE TO SETTLE THE TRANSACTIONS!
THERE IS NOT ENOUGH STOCK TO GO AROUND!
At this point, what that all means is that THERE IS not enough stock to go around and the LOSES of these 🌈🐻 are so LARGE that the brokers cannot get the shares that they are legally bound to do. And their CLEARING HOUSE cannot do it either.
THIS IS WHY THEY STOPPED YOU FROM BUYING BUT ALLOWED SELLING.
They used the short ladder attack and essentially in a low volume caused the price to drop by trading in between themselves to a point where they were sort of able to cover some losses. BUT,
IN THE MIDDLE OF THIS SHORT LADDER ATTACK,
The most beautiful thing happened…
(From Luis Rossmann’s Video (6:18) )
Bid vs Ask price difference is massive!
Look at that difference between BID and ASK.
I love ALL of you.
You all 💎🙌 that shit so hard!
You , yes YOU reading this , because you 💎🙌 that shit the price did not drop further. Because of every single one of you, they were not able to cover their positions.
What this all means is that we are close to winning and we will not only take out the greedy 🌈🐻 hedge fund 🌈🐻 managers but also THE BROKERS, THE CLEARING HOUSES and the WHOLE THING.
Now, this all means that we are very, very VERY close to winning. At this point, IF we manage to get all these options to exercise in the money today, it will be 15million -20 million shares that will have to be bought up by the market makers ( this is the gamma squeeze that is probably going to happen today and would then cause the SQUEEZE to the moon 🚀)
At this point, I plan to hold and you should too.
If we keep drying out these clearing houses, brokers like fidelity do not have clearing houses and there you should be able to buy freely. The more we clear them out the more they will have to cover and we have a chance for a real financial revolution.
The brokers have let their 🌈🐻 clients🌈🐻 lose so much money so fast that they were not able to margin call them in time and now they are on the hook to provide the shares.
The losses are so large that THEY the BROKER are not able to provide the share and then the clearing house has to do it.
THE CLEARING HOUSE CANNOT PROVIDE THE SHARES because of the capital requirements for GME and they are borrowing from the banks.
This is creating a liquidity problem that can affect the entire market. Buy them out and then buy on brokers like Fidelity that do not have a clearing house.
This is why they stopped allowing GME to be bought but you could still sell it because they wanted to save their own asses.
Everyone here managed to 💎🙌 so hard that caused the price to stop falling and the BID/ASK price to increase drastically.
I am buying and holding.
🚀🚀 🚀🚀🚀 🚀GME to the moon 🚀🚀 🚀🚀🚀 🚀
I have 15 shares @ $40.44 (not much I know but I am gonna reload asap) and I am planning to sell 10%-20% at $10k and hold to sell the rest of my position at $42,069.69/share
I should have made it more clear, for people that are asking about what to do if they do the same halt on buys, use brokers that do not rely on clearing house like Fidelity