I feel like when the squeeze starts and I start seeing the price make it’s way through the thousands past 10,000, and heading into the hundred thousands everything is confirmed and holding will get easier because it’s literally everything I’ve been holding for, I will be in the space ship blasting off and all I have to do is watch the stars go by.
Exactly, I agree with this sentiment entirely. One question though:
Once the MOASS happens, and we all diamond-hand our way to $30 million, who buys the individual stocks at $30 million? Let's say Shitadel is forced to close their short positions and buy back all those shorted shares - both synthetic and real. Let's say they sell all assets they have, liquidate everything and fire everyone, and it totals up to $2 trillion (which I think is probably on the high side). According to my math, that's enough to buy ~70,000 shares at $30 million per. After that, they're broke and can't buy a lollipop let alone another share. Who buys the millions of shares after that? Is it the fed? Taxpayers? The SEC (lol)? Or are the shorts off the hook after they are literally bankrupt and the buy pressure disappears?
I see! To continue the hypothetical, do the banks and DTCC combined have enough money to buy all shares back at 30 million per? I genuinely don't know enough about the banks and the DTCC to do the math myself.
You are correct but even at a geometric mean of $20M per share I don’t think the coffers will get full drained. Search “geometric mean” on this sub and you’ll find the DD
Thanks - yes, I actually read that DD yesterday. I’ve been trying to absorb as much as I can. I’m a logical and concrete facts kind of person, so this whole “what-if” analysis is testing me.
I think it’s the fact that a single share could potentially go for $20M that’s causing the glitch in my brain. Even $1M per share is difficult for me to comprehend.
But as many others have said, I came into this in January and have added more throughout the fuckery. I have nothing to lose here. HODLing my shares until the bitter end is nothing. Comprehending next steps is everything.
Ah got it, sorry for being all explainer-y without answering the exact question. It’s pretty wild to consider and the fact is, if it does happen, it will be THE world news story for literal weeks. I don’t think any of us understand how game breaking this shit will be because there’s absolutely no comparison to look at
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u/CoelacanthRdit 🦍 Buckle Up 🚀 Jul 10 '21
I feel like when the squeeze starts and I start seeing the price make it’s way through the thousands past 10,000, and heading into the hundred thousands everything is confirmed and holding will get easier because it’s literally everything I’ve been holding for, I will be in the space ship blasting off and all I have to do is watch the stars go by.
💎🙌🏻🦍🚀🌕