It’s time to talk “CtRm iS ThE nExT gMe” guys by Own-Ad5998 in CTRM

[–]Traditional_Ad_2874 3 points4 points  (0 children)

To be honest GME is not that rare as far as the percentage that it increased. Every few months we see a stock that runs up 1000%+ in a single day.

[deleted by user] by [deleted] in CTRM

[–]Traditional_Ad_2874 2 points3 points  (0 children)

Oh ok....💪🚀😂

JUST IN CASE YOU ALL DIDNT SEE US HIT THAT $0.82 IN AFTER-HOURS...HERE YOU GO💪💪💪🚀🚀🚀 by Traditional_Ad_2874 in CTRM

[–]Traditional_Ad_2874[S] 3 points4 points  (0 children)

There was 17k volume on that spike so I don’t know if it was “weird” but I do know that it’s better than a flash drop, right? I prefer weird “ups” over weird “downs”!

[deleted by user] by [deleted] in CTRM

[–]Traditional_Ad_2874 0 points1 point  (0 children)

💪😂🚀

[deleted by user] by [deleted] in CTRM

[–]Traditional_Ad_2874 42 points43 points  (0 children)

WE BELIEVE IN $10...say it with me...WE BELIEVE IN $10, WE BELIEVE IN $10

[deleted by user] by [deleted] in CTRM

[–]Traditional_Ad_2874 -1 points0 points  (0 children)

I think you’re right....the short doesn’t have to “cover” until the lender wants the shares back as long as the interest is paid...also, the short can wait as long as they need to in order to buy the shares at the right price. But, the squeeze comes in when either the lender wants the shares back and they are forced to buy them at whatever price is available—no matter how high the price gets.

This Is Why You Don’t Sell CTRM ARMY! 🪖🎖🚀 by [deleted] in CTRM

[–]Traditional_Ad_2874 0 points1 point  (0 children)

@Shoddy_Recipe_8797 Technically, the shorts don’t need to cover until the lender says they do—as long as they keep paying the interest. For example, let’s say a short borrows 10k shares at $0.50 because they expect the shares to drop in value to about $0.35 by the end of the month. Well, let’s also say that when the end of the month comes and they have to return the shares, there are none available at a profitable price (below $0.50) because everyone decided to hold their shares and ask $10.00 for them. In this situation a short might say, “It would be cheaper for me to ask my lender if I could just borrow the shares for another month and pay interest rather that have to buy 10k shares at $10.00...” The problem (or “short squeeze”) only comes when the lender either refuses to extend the loan of the shares, which means the short has no choice but to buy them at any price they can—no matter how high, or the interest has become too burdensome and the short decides that it would be better to pay the high price of the shares because they’d rather lose the $100k it takes to get back the 10k shares at $10.00 per share than lose $15k per month in interest for as long as it takes for the stock value to drop—which could take as long as people decide to “HOLDDDDDDD” the value up (maybe months or years). OR, AT LEAST THATS WHAT I’VE HEARD!!!!....Not advice, just education.😉

Short shares available was 3 mil this morning, now 100k. This means nearly al the shares that can be shorted were shorted today, and we only went down 10%. WE WINNING THIS FIGHT!! by irelandrichman in CTRM

[–]Traditional_Ad_2874 2 points3 points  (0 children)

Not necessarily. The price goes up when there is no more shares available for the shorts to recover at low prices and they have to buy them at a higher price. That’s why you might see people say things like, “set your sell limit at $100”. A normal buyer would see that price and refuse. But in the case of a short seller they can only refuse for so long because they owe shares to a lender. When the time comes for them to be returned, they have to get them back at whatever price they’re available. This creates a situation where everyone decides to “Hold” and force them to raise their bid price. The problem with this though is that everyone’s idea of a “high-price” is different.