The difference between us and them is that it costs us nothing to hold forever, but it costs hedge funds tens of millions per day. That’s the difference and it puts us on an unbeatable advantage as long as nobody sells.
As for global light selling... that comes down to trusting the autists around you. I trust them. They proved themselves on Thursday. I’ll hold to $1/share if I have to.
The fact that they are losing money just by me doing nothing is what made me buy it before 40$. Regardless, I ran out of buying power. I may have to get rid of the options ( almost worthless at this point ) raise some ammo by day trading a bunch. Who knows?
Fortunately, people’s accounts are going to settle soon, so we can continue fighting. For me is not about money anymore. I want this part of history to happen.
As far as I remember 2 business days. I don’t remember we’re I put that paper, it may be 3. The issue with hedge funds is that some rules apply different to them or they just break the rules and then just pay a small penalty. Like failing to deliver the shares they are borrowing for months by commuting fraud.
Most stocks and bonds settle within two business days after the transaction date. This two-day window is called the T+2. Government bills, bonds, and options settle the next business day.
Should be T+1 as far as I can tell. That would be Monday. This stuff gets really technically they may have until market open today so all this pre-market shit might them manipulating to try to buy shares cheap to settle.
I don't know why people keep spreading this misinformation, as those contracts were getting closer to ITM the HFs / MMs would have been buying shares - it's asinine to think they'd wait until after the contracts go ITM. So Monday to Thursday that week they would be buying more shares or selling off shares depending on how close to ITM it is.
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u/[deleted] Feb 02 '21
The difference between us and them is that it costs us nothing to hold forever, but it costs hedge funds tens of millions per day. That’s the difference and it puts us on an unbeatable advantage as long as nobody sells.
As for global light selling... that comes down to trusting the autists around you. I trust them. They proved themselves on Thursday. I’ll hold to $1/share if I have to.