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Buying options has killed the squeeze
Bears should quit they have no chance !
Can someone tell me if this was filmed after his surgery?
Bought an extra 150 shares at $52 out hang on Apes 🦍 5X is coming, And take this as ammo for when your wife tells you to sell because you’ve lost $500 a day for six days in a row
SEC Appoints New Jersey Attorney General Gurbir S. Grewal as Director of Enforcement
FOR IMMEDIATE RELEASE
2021-114
Washington D.C., June 29, 2021 —
The Securities and Exchange Commission today announced that Gurbir S. Grewal has been appointed Director of the Division of Enforcement, effective July 26, 2021. Grewal currently serves as Attorney General for the State of New Jersey, a role he has held since January 2018, when he was confirmed by the New Jersey State Senate after being nominated by Governor Phil Murphy.
"I'm honored and delighted to welcome Attorney General Grewal to the SEC," said SEC Chair Gary Gensler. "He has had a distinguished career as New Jersey's chief law enforcement officer and as a prosecutor at both the local and federal levels. He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working closely with him to protect investors and root out wrongdoing in our markets."
"I thank Melissa Hodgman for her service as the Enforcement Division's Acting Director," Chair Gensler added. "She will continue to be an important adviser to both Gurbir and me, and I look forward to our continued work together."
"The Enforcement Division has a critical role to play in finding and punishing violations of the law," said Grewal. "I'm excited to get to work with the talented team of public servants to uncover and prosecute misconduct and protect investors. I thank Governor Murphy for the opportunity to serve the people of New Jersey and all of the colleagues with whom I’ve had the pleasure to work during my career in the state."
As New Jersey's Attorney General, Grewal heads the Department of Law & Public Safety, which employs more than 3,700 uniformed officers, 750 lawyers, and thousands of additional public servants, including investigators, regulators, and administrative staff. Before becoming Attorney General, Grewal served as Bergen County Prosecutor, the chief law enforcement office of New Jersey's most populous county. Earlier in his career, he was an Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney's Office for the District of New Jersey, where he served as Chief of the Economic Crimes Unit from 2014 to 2016 and oversaw the investigation and prosecution of all major white collar and cybercrimes in the District of New Jersey. He also previously served as an AUSA in the Criminal Division of the United States Attorney's Office for the Eastern District of New York, where he was assigned to the Business and Securities Fraud Unit. Grewal worked in private practice from 1999-2004 and from 2008-2010.
Grewal graduated cum laude with a Bachelor of Science in Foreign Service from the Georgetown University School of Foreign Service in 1995. He obtained his law degree from the College of William & Mary, Marshall-Wythe School of Law in 1999.
GOOOOOOD MORNING VIIIEEEEEEEEEEEETNAAAAAAM!
Trey…..please……slow…..down……
It’s much better for you overall..
Something struck me. He said short utilization has been about 86%, but we only get like 85% of the market data… sooo
Trey you have to listen to this video in half time.. You sound drunk as a skunk!!!! Too funny 🙂
*NOT Financial ADVICE **but a good read
For all of the new baby apes. I know a lot of you have questions, and I thought it would be helpful to provide you with some overall context to understand the significance of the movement you just joined.
Here’s the cliff note version. Covid hit last March and a couple of big hedge funds concocted a plan to drive AMC into bankruptcy by “shorting” it and make a ton of money in the process.
You “short” a company when you think the value of the stock is going to go down. When the country locked down and AMC closed their doors and their revenue literally went to $0 overnight, it was a no brainer play for the hedge funds.
So they started borrowing millions and millions of shares from brokers and sold them “short” at the market price at the time, and they pocketed the cash from the sale. The idea is that the stock price will drop, you can buy them back later at a lower price, and then return the borrowed shares to the broker and keep the difference. If the company goes bankrupt, the stock goes to $0 and they don’t have to buy anything back at all and keep everything. This is what they were banking on. They’ve done this to company after company over the years, and they saw this as a sure thing as any.
Well a bunch of people on Reddit (affectionately known as “Apes”) noticed they were trying to drive AMC, GameStop and many other retail and mortar stores into bankruptcy, and banded together to buy up all the available shares, driving up the share price. This resulted in the mini squeeze in January. But Apes didnt sell after that. And the hedge funds didn’t cover their short positions either (I.e. buy back the millions of shares they had borrowed and sold short).
The Apes kept buying and buying, and holding and holding, and once the real shares were all bought up, the hedge funds doubled, tripled and quadrupled down on their short position and started making synthetic shares (IOUs) and selling those shares into the market trying to drive the price down. When the price dropped, instead of selling like the hedge funds wanted them to, Apes said “thank you very much for the discount” and kept buying more and holding. Nobody has sold for the past 5 months since the movement really got started in January, and more and more people are jumping in and adding more everyday.
Now because of all of the synthetic IOU shares the hedge funds have created to keep shorting AMC, us Apes likely own more way more shares than are actually supposed to exist (as much as 6x-8x by some estimates). But real or synthetic, each share the hedge funds sold short is a liability on their books that must be bought back in order to close out their position.
They literally have hundreds of millions of shares, possibly billions, to buy back, and we own them all. They have to buy them back eventually, and every day that the borrowed short shares are still on loan, the hedge funds are paying interest to the brokers they borrowed them from. Meanwhile it costs us nothing to hold.
Things started to come to a head a couple weeks ago because the interest rate on the borrowed shares was reported to be as high as 250% (1-2% is normal for your average stock), so the hedge funds are collectively paying hundreds of millions of dollars every day just to hold their position, and a lot of them are starting to miss the payments and margin calls could be coming very soon.
That’s when the fun starts. At that point, the broker forces them to buy back all of the hundreds of millions of shares they have borrowed and sold short, because the broker doesn’t want the hedge funds’ recklessness to fall onto them. And remember, the Apes own all the shares and aren’t selling. The hedge funds can only buy a share for what an Ape is willing to sell it for, and us Apes really love our shares.
Once the margin calls start, the computers just start buying back all of the shares at the best available price no matter what that price may be. They all have to be bought back. Everything must be settled. And if the cheapest price an ape is willing to sell for is 1,000, or 10,000 or 100,000, well then that’s what the hedge funds will be forced to buy the borrowed shares back for in order to close out their position.
Apes are going to hold and hold and hold driving up the price further and further to make the hedge funds bleed as much as possible until they are inevitably forced to buy back their millions of shares. They will need to buy our shares, and we set the price. And remember, it costs us nothing to hold. This movement has been building for the past 5 months, but you just heard about it yesterday. One thing Apes don’t do is set dates for the squeeze. Nobody knows when it will happen, all we know for sure is that the math says it’s inevitable as long as we hold.
I only see three possibilities as to how this all plays out:
1. AMC goes bankrupt and the hedgies win (please note this is not going to happen. AMC has enough liquidity to last them through 2022 and the most passionate shareholder base in the universe. Not to mention a pretty badass CEO who has completely embraced the new shareholder base)
2. Hedge funds are somehow able to meet their daily margin payments to avoid being margin called, and they strategically close out their short positions over time, causing a sustained Tesla type squeeze over a period of a year or more (remember, apes aren’t selling until we’re at the moon)
3. Hedge funds will be margin called and forced to buy everything all at once and we’ll have the most violent squeeze in the history of short squeezes. The price is infinite as long as apes hold.I wouldn’t bet on #1, #2 will require patience, and #3 will be absolute insanity (and in my personal non-financial advisor opinion is the most likely outcome). Either way, we’re winning the battle. This beautiful movement is growing by the day, and we can hold longer than they can.
No single day makes or breaks what squeeze?
Apes… PATIENCE = POWER.
Zoom out. Focus on the bigger picture.
Let go of dates. Let go of FUD. Let go of bitter pessimistic people.
Hold. Buy more. Hold.
This is a MOVEMENT.
A chance to make History. A chance for a Financial Revolution.
HODL on.
APE NATION UNITED
💙💰💰💰💎🙌💎💰💰💰💙
How much is MSM and HF's paying you to not mention the real play: gme?
The, uhh, squeeze is long over. The shorts have covered or extended their shorts. Adam enlisted this guy and a few others to help push this marketing campaign.
You know something funny? Citadel and its subsidiaries manage employer-sponsored retirement funds. I would suggest checking with your employer to see if your retirement is being managed by them. And if you are fully vested, i would suggest doing what i did and cash that shit in. Because it will take their liquidity away seeing as how they risk YOUR retirement money on these monumentally stupid bets against meme stocks. Cash it in before they lose it.
Trey, hey man. Glad your feeling good! Thank you for everything you do for our community! Ooooga booooga
his prediction was spot on. thats amazing
Bought 11 more shares in the dip.woke up looked said OMG what a great day,I planned on buying more this morning,but what a nice surprise.i was able to buy even more than I could have the night before I hope it goes down again then we can own it all baby..WWOOOOOOOOO
Happy to see ya man! stay healthy! Smooth recovery! Be well!!!!
Glad you're feeling and looking great brother
The second day after surgery is the most pain, I hope you are doing fine son.
Keep the updates coming bro! it strengthens the easier lead, no offense to them but it helps to have consistent leadership 💯
I read somewhere that you and Gabe sold your amc shares, can you please clarify for all the non believers 🙏 thank you ❤ hope you're feeling well 😊 🙏
I have no money for 4th of July… because I put it all on AMC
You feel weird because you talk too fast, too loud, and don’t relax or breath enough. You are basically doing the Valsalva maneuver throughout the entire video. Calm down, please. Love your videos, but please, seriously, calm down a smidge, at least. Peace.
If you get a temperature Trey, contact the hospital cos it may be an infection. Wish you well.
Guys I’m freaking out a bit… I just brought a load more at £54 do I suck it up and take the profit I’ve got or hold 🤦♂️
Just bought more at 49 and change. Same with ETH and BTC. Tendies are coming sooner or later.
I think you should have a side hustle as a rapper……😂
Bro just tell the nation what it is forget the technical terms it’s fraud what’s going on in the market when somebody gon call it for what it is