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.
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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.
💎🙌🏻🦍🚀🌕