UNWRITTENS – Page 7 – …my thought for my life

Fight the Wall Street movement- buying and holding the GameStop (NYSE: GME) stock

[There is no financial advice in my post. You can lose everything that you put into the stock market. I am not an expert in any way so do your own research. All of the information here is purely for my research purpose and my record. There is no direct or indirect advice for anyone.]

Last week, amazing development in the financial system caught my attention. A relatively ordinary company- GameStop Corporation (NYSE Ticker# GME) rose in its stock value tremendously. The GME stock has skyrocketed from nearly $10 to currently in the $300-$400 range in the last 3 months. I began to research and look at it more closely. Here is what I found:

What is the problem/ issue?

Hedge Funds have sold a greater number of GME stocks than there actually exists. Really? I never thought this before, but it is what it is.
Hedge Funds have sold GME stocks that they do not own so they will have to buy stocks sometime in the future to settle the account.
Hedge Funds had a plan to bankrupt GameStop purely because they thought they can do it and make a lot of money by doing that. People’s money. Go figure…
GameStop as a company is doing nothing wrong here, they are a well-run company doing ok and fighting pandemic just like many other companies in the world.

What is currently going on?

Ordinary peoples realized the issue in the Hedge Fund’s plan because there are many smart people belong to the group of ordinary people. Ordinary peoples are angry at Hedge Funds because of the Hedge Fund manager’s negative intentions to crash any company purely because they want to make loads of money and in a position to destroy anyone. Peoples are eager to learn and play the game that these Hedge Funds are playing against us for far too long.
Through Reddit forum, https://www.reddit.com/r/wallstreetbets/, a lot of ordinary people were able to exchange real-time information (without the manipulation of traditional media and typical financial news outlets). They show the issue and realize the opportunity to teach a lesson to the Wall Street guys.
Hedge Fund managers manipulate the market every single day to make money out of ordinary people. So now is the chance for ordinary people to make these Hedge Funds payback. Beating them in their own game!

What is the strategy people are using?

Very simple. Just buy the GME stock if they can. If you do buy it or have already bought it, absolutely hold on to the stock. Never sell it, no matter what the market price it goes- It can go $10, $1,000, $10,000, $120, $25,000- more on this later, keep reading.
The thesis is that at one point in time, Hedge Funds will run out of enough money to stay solvent. Keep in mind they are doubling down on their loss as time is passing by- multiplying the problem for themselves if people can stay together. At one point, they will have no choice but must buy back every single stock from anyone who is holding it.
At this time, the price of your GME stock could be, theoretically, whatever the price you want to ask for it 😊. But just to get in the number game, it can go to $1,000, $5,000, $15,000, $50,000, or more- if you want more and never sell it!
However, to reach that stage people will need to absolutely hold the stock and not sell it, no matter what. As you may guess, Hedge Funds have an enormous amount of capital and political power to manipulate the market, create the new sentiment, change the story, and do anything imaginable to make people think that stock is either falling in price or about to fall in price so make you sell your GME stocks.
Hedge Funds might also paint ordinary people like the ones causing a market crash but in reality, If the stock market ever crashes due to the GME issue, it is because of these Hedge Funds who sold more than what they can handle.
People are just out there to teach lessons and ready to lose whatever small amount of money they put it in to be part of this historical event.
As per current information available on the forum, Hedge Funds have closed earlier sort positions and doubled down on their position at a higher price. In simple terms, they have increased their bet (double down) since they lost on an earlier one. So the game is even more serious than before and if ordinary people do not panic sell- Hedge Funds are in bigger trouble now than before.

Why GME price may go up, infinitely?

It is called Infinity Squeeze. Google it, please.
The bottom line, they have to buy your stock sooner or later. They can delay it but cannot escape.

What is the risk in the strategy?

Of course, the money you put on this stock is at risk and you may lose everything.
However, the main risk is people selling it before the play can reach the Infinity Squeeze stage. Currently, there is no dependable timeline for this endgame. It can be a week, month, or a couple of months.

What is the most important thing in the play?

Time. While the capital that people invest is very valuable and perhaps lifetime savings for many who are part of this movement today, the most important commodity is the TIME. You must be able to hold as long as it can take and forget about your stocks. If anything, buy more GME and increase the position.
Why time is so valuable? Because Hedge Funds will use sophisticated attacks to crash stocks and if people can use those opportunity to actually buy more GME stocks, Hedge Funds are getting deeper and deeper in the trouble by day as it is costing them millions of dollars per day.
Hedge Funds are paying a lot of money in interest and losing value by holding short positions in GME. On the other hand, it is not costing as much to ordinary people for holding on to the GME stock.
Worst case scenario, I may lose my small investment in GME stock. But I am not paying interest as I did not use borrowed money to buy GME stock.
Also, the fight has reached the stage where peoples are ready to lose it together if it comes down to that. This is now not about money, it is way bigger now.

Shady tactics from big guys that we have seen already:

If you see all kinds of shady tactics, one thing is absolutely sure that you are hurting where it is most painful.
Many exchanges have limited buying on GME stocks.
Many exchanges have stopped the ability of people to buy the stock while they let Hedge Funds buy it… Why? Because Hedge Funds need your stocks! – Think about how shady they already are while the whole world is watching, and how shady they may be in private?
Congress, SEC, Politicians, Billionaires, Financial Gurus: As per the common notion at the forum, do not believe any one of these. They all are together, none of them have the best interest of common people in mind.

Who is participating?

Common people- like you can imagine.
The issue has attracted so much media attention that it is now global. People from all around the world are buying GME stock as they can in their country- the USA, Europe, Canada, Asia, everywhere.

Is it legal what common people are doing?

Absolutely. The USA is a capitalist economy and people have the right to buy any publicly traded stock and for whatever cost they want to pay, and in however quantity they wish to buy, hold, sell.

Is it legal what hedge funds are doing to people?

Buying and selling is a sure legal thing. However, doing a lot of shady things – manipulate the market by any means necessary, limit people from buying but letting big guys do whatever they want, helping big guys to make a profit or get out of loss is not right. All these big guys are breaking all kinds of rules of the game and no one is there to protect or enforce the rules of the game so that common peoples are not played out by the unfair games.
- Keep in mind, SEC, Politicians, Billionaires, Financial Gurus, or Congress has not taken any tangible action against these fund managers yet- that speaks for itself.

So what is the bottom line?

Do you want to be part of something that might just be once in a lifetime thing? Invest what you are ready to lose as part of this historical movement.
Buy GME stock as you can. Remember there are no other stocks in a similar situation. You may see or hear the names of the next GME or next to this and that but stay focused. There is the only stock that is in play here. GME- GME- GME.
Hold on to your GME stock, no matter what. There is a very real possibility for extreme financial gains (or total loss) by simply holding few GME stocks. Peoples are estimating the extreme price target when the ultimate Infinity Squeeze happens.
Keep an eye on Reddit forum (https://www.reddit.com/r/wallstreetbets/) and Tweeter (https://twitter.com/wsbmod) for information instead of other traditional media who may be trying to crash GME to help their Billionaire friends.
Note on stock exchanges: Many stock exchanges are trying to limit buy retail investors. Currently, in the USA, Vanguard and Fidelity are two big exchanges that have not shown any malign intentions and are still letting people execute trades as they want.

GME stock may or may not go to extreme price. However, the fight of small people has ignited a movement, and this is just the start. I believe that an amazing technological revolution is unfolding in front of our eyes- Cryptocurrency. It will empower the people to fight the broken centralized system and eventually force changes. When I say, Cryptocurrency, Bitcoin is just the beta testing of what is yet to come. I am excited about the future of many third-generation cryptocurrencies, such as IOTA and Tezos. I have been thinking to write something about IOTA, but not there yet as it is enormously complex while being beautifully simple. It has unlimited potential.

Disclaimer: All of the information here is purely for my research purpose and my record. There is no direct or indirect advice for anyone. Invest at your own risk. I am not affiliated with any broker, group, or institution.