Wall Street is mad. Their scheme to screw the common American coming and going got turned against them and now they're using institutional power to put a stop to that.
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— Reddit Trading ๐ (@reddittrading) January 27, 2021
There is currently $38 MILLION USD worth of shorts on $AMC
When these short sellers don't hit their price target, they have to come out of pocket to COVER the shorts or buy the shares
This causes the price to rise... to the moon! ๐๐๐๐ pic.twitter.com/WX3myySong
You can read more at Reddit in the r/wallstreetbets subreddit. UPDATE: Reddit locked down WallStreetBets and Discord banned their server.
Right now this is being fought over the Gamestop stock price, but there are other targets soon to come into sight and thus be launched again. Of course the press whores, still having learned nothing since their favorite boogeyman first bloodied their noses, are at it again already.
This could not be a bigger self-own on the part of the Uniparty. First they blatantly rig an election cycle, and now they're exposed as rigging the economy.
The illusion of America is being shattered in real time, and expect the Boomers and Millenials to take it hardest.
But I don't care. This is a fake and gay system and it deserves to be destroyed, so have at it and--if you can afford to torch some of your cash--get in on the game while you can because you know damn well that the Feds will get involved to stop this sooner than later.
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