thanks PT. your thoughts on all the meme stocks on the same algos?
if UBQU had an options chain, we could really hurt them
because unlike amy and jimmy we don't have a 4m+ FOLLOWING....that might be the only reason we don't squeeze. I estimate at best retailers + insiders (james et al) control at most....8B leaving MMs controlling 12B of the float.
and I definitely think some retailers have an incentive to even sell at a loss (to get capitulation from other apes) because there are rewards for those who can get a stock in trips to nobid, like a job at citadel. short selling even 100M of UBQU for a 10,000 dollar loss, if we got bankruptcy, I think would be rewarded.
but something else I've leaned from all the "meme" stocks, of which I consider UBQU a mini meme, is that if UBQU was a dead stock:
- nobody would be talking about it
- nobody would bother therefore, to get on twitter or forums and bash it.
UBQU fits neither of these requirements, in fact quite the opposite.
the only BEAR argument that hasn't changed is the same thesis used on all stocks hedgie used in their everything short
earnings - debt if negative, short it.
applies to UBQU applies to other stocks.
also that James A Ballas was corrupt in the past, he's corrupt now.
I am not here to defend the nature of James A. Ballas soul.
but my counter argument is that James A Ballas was fooled in 2018 into thinking convertible shares would be his answer to expansion, cash positivity and expansion
so he took out 20B, my guess is that those whispering sirens said, sell just 1B at a penny.....10 million.
and I'm sure ballas knew nothing about float bloat.
and then converters just started shorting from the 20B, and ballas had to catch up and sell HIS shares before nobid
and we were at nobid in 3 months.
then mastercard shut down their ability to put order sales in the bank, because there was "hemp" in hemp life today. quite suspicious for those with a long thesis. for those with a short thesis, this looked like a no brainer
and posters hated James A. Ballas, I know I was one of them because I didn't know any better. no revenues, dilution pig, 10B shares dumped.
I spent a year praying that if we ever saw trip 2 again, I'd sell out and good riddance to this horrible horrible company.
then covid in march 2020....kiss goodbye to anybody long on stocks. expect hedgie who knew which megacorps would go green on the recovery.
short the rest!
then january 2021, and that SEC report later that said "only fomo, no gamma, no squeeze"....no ape believed that.
but it shot a NEW vector into markets. 4-5 million folks who were noobs like me and didn't have a clue what an options chain or MACD was got basic financial education, and news of what wall street has been doing since 2008 and before. and how they were not retailers friends.
which made retailers mad.
actually, you, me, we're part of the biggest hedge fund ever. 4-5 million strong. we're not organized, but our buying pressure is now respected.
I actually think hedgie is in so deep that a MOass would bankrupt them, and probably destroy the US banking system, so that's why the fight still goes on. but at this point if they continue dirty tricks with the SEC slapping them on the wrist, the public outcry would be huge.
they'll find out which congressman and senators are on committees which influence finance banking and the SEC, and if they are defending hedgie, I think they'll get voted out now. the movement trandscends ideology politics. everyone wants to make money and make lawbreakers pay.
because UBQU is in trips with a pathetic volume, it's very easy for it to move a tick on 50,000 put sell at end of day. but the accumulation goes up.
another fun fact. with a 20B float, at trip 1, if hedgie just kept stacking the 1s....and elon just kept buying them? elon could buy the float for 2 million dollars.
of course, back when Global links corp (unsure if anybody remembers but global links was a DIVERSION for folks here in 2020 claiming IT owned hemp life today. turned out it didnt.
but global links has been in the news as of late. back in 2005 when it had 100M float and was at nobid, a guy bought the entire float for 10,000 dollars. and the next day, volume was 21M and 78M
and the guy didn't sell a share.
and that's why I think there are nakeds on all these penny stocks.
I bet if elon did buy the float at nobid for 2 million. we'd still see volume the next day.
